Notice of Valuation of Real Assets::Valuation of Paragon, The Seletar Mall and PBSA Property Portfolio

Issuer & Securities

Announcement Title: Notice of Valuation of Real Assets
Date &Time of Broadcast: 05-Oct-2021 20:14:12
Status: New
Announcement Sub Title: Valuation of Paragon, The Seletar Mall and PBSA Property Portfolio
Announcement Reference: SG211005OTHRCT65
Submitted By (Co./ Ind. Name): Khor Siew Kim
Designation: Company Secretary
Description (Please provide a detailed description of the event in the box below): Valuation of Paragon, The Seletar Mall and Purpose Built Student Accommodation ("PBSA") Property Portfolio.

Valuation of Reports available for inspection at address during office hours: 1000 Toa Payoh North News Centre Singapore 318994
Reports available till date: 04/01/2022
Additional Information: PBSA Property Portfolio : The Valuation Amount is an aggregated figure of the individual values for each property interest in the portfolio. If the portfolio were to be sold as a single lot or in groups of properties, the total value could differ significantly.

Total size =97K

Date of Valuation	Name of the Valuer	Description of Property	Valuation Currency	Valuation Amount
31/08/2021	Savills Valuation And Professional Services (S) Pte Ltd	290 Orchard Road, Paragon,Singapore 238859 (Tenure: Freehold)	Singapore Dollar	2,830,000,000
31/08/2021	Colliers International Consultancy & Valuation (Singapore) Pte Ltd	33 Sengkang West Avenue, The Seletar Mall, Singapore 797653(Tenure: Leasehold)	Singapore Dollar	480,500,000
31/08/2021	Cushman & Wakefield	20 PBSA properties in the United Kingdom - with details as set out in Annex A	United Kingdom Pound	354,275,000
31/08/2021	Cushman & Wakefield	1) 7 PBSA properties in the United Kingdom (Student Castle) - with details as set out in Annex B	United Kingdom Pound	444,280,000
31/08/2021	-	2) 1 PBSA property in Bremen, Germany (Galileo Residenz) - with details as set out in Annex B	Euro	18,240,000