Further to the announcements dated 28 February 2008 and 29 February 2008 relating to the issue of convertible bonds due 2013 (the “Convertible Bonds”), ARA Trust Management (Suntec) Limited, as manager of Suntec Real Estate Investment Trust (“Suntec REIT” and manager of Suntec REIT, the “Manager”), is pleased to announce that Singapore Exchange Securities Trading Limited (the “SGX-ST”) has today confirmed that the approval in-principle granted on 14 September 2007 and 8 October 2007, for the listing and quotation of (i) the new ordinary units in Suntec REIT (“Units”) to be issued upon the conversion of the Convertible Bonds (the “Conversion Units”) and (ii) the Convertible Bonds respectively, remains valid.

The Manager intends to issue the Convertible Bonds on or around 20 March 2008.

The SGX-ST’s in-principle approval is not an indication of the merits of the Conversion Units and the Issue of Convertible Bonds.