FCOT – SGX

Trust Deed Amendment to Remove Trustee’s Acquisition Fee and Divestment Fee

Singapore, 20 January 2011 – Frasers Centrepoint Asset Management (Commercial) Ltd. (the “Manager”), as the manager of Frasers Commercial Trust (“FCOT”), wishes to announce the amendment of the trust deed dated 12 September 2005 constituting FCOT (as amended and restated) (the “Trust Deed”) by way of a seventh supplemental deed.

The seventh supplemental deed has been entered into today between the Manager and British and Malayan Trustees Limited, as trustee of FCOT (the “Trustee”), to amend the Trust Deed to remove the Trustee’s acquisition fee and divestment fee from the remuneration of the Trustee such that the Trustee will no longer be entitled to receive such fees, to be in line with market practice.

The Trust Deed will be available for inspection at the registered office of the Manager and the registered office of the Trustee.