Notice of Valuation of Real Assets::ARA US Hospitality Trust Property Valuation

Issuer & Securities

Announcement Title: Notice of Valuation of Real Assets
Date &Time of Broadcast: 24-Feb-2021 07:36:01
Status: New
Announcement Sub Title: ARA US Hospitality Trust Property Valuation
Announcement Reference: SG210224OTHR3U2V
Submitted By (Co./ Ind. Name): ARA Trust Management (USH) Pte. Ltd. / Ling Hong Liang
Designation: Finance Director
Description (Please provide a detailed description of the event in the box below): Please see attached.

DBS Bank Ltd. was the Sole Issue Manager for the initial public offering of the stapled securities in ARA US Hospitality Trust (the Offering ). DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited and United Overseas Bank Limited were the Joint Financial Advisers and Joint Global Coordinators for the Offering. DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited, United Overseas Bank Limited and Credit Suisse (Singapore) Limited were the Joint Bookrunners and Underwriters for the Offering.

Valuation of Reports available for inspection at address during office hours: 5 Temasek Boulevard, #12-01 Suntec Tower Five, Singapore 038985
Reports available till date: 24/05/2021
Additional Information: Please see attached.

Total size =200K

Date of Valuation	Name of the Valuer	Description of Property	Valuation Currency	Valuation Amount
31/12/2020	Please see attached.	Please see attached.	United States Dollar	686,900,000