Suntec – SGX

ISSUE OF 34,500,362 NEW UNITS IN SUNTEC REAL ESTATE INVESTMENT TRUST

The Board of Directors of ARA Trust Management (Suntec) Limited, as manager of Suntec REIT (the “Manager”), wishes to announce that the Manager has today (9 June 2008) issued 34,500,362 units in Suntec REIT (the “New Units”), the first of six instalments of deferred units in part satisfaction of the purchase consideration for Suntec REIT’s initial portfolio of properties.

With this issue of New Units, the total number of units in Suntec REIT (“Units”) in issue is 1,527,998,838. The New Units will commence trading on the Main Board of Singapore Exchange Securities Trading Limited (the “SGX-ST”) at 2.00 p.m. today.

The New Units will be traded under a separate temporary stock counter which will be maintained for the period commencing from today to the last day of “cum-distribution” trading for the current distribution period, which is expected to be in early August 2008. Thereafter, both the New Units and the existing Units will be aggregated and traded under the existing Suntec REIT stock counter on the Main Board of the SGX-ST on the next market day.

The separate temporary stock counter is necessary to differentiate the entitlement of existing Units to the distributable income of Suntec REIT for the period from 1 April 2008 to 30 June 2008 versus the entitlement of the New Units to distributable income of Suntec REIT for the period commencing from today to 30 June 2008, in line with current market practices.

Other than in respect of entitlement to the distributable income of Suntec REIT, the New Units will otherwise rank pari passu in all respects with the existing Units.

Source : SGX