Presentation - DBS Private Banking-Reitas Luncheon

2 0 M a y 2 0 2 5

• Introduction

• Financial Highlights

• Recent developments

• Management team

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FIRST REIT, LISTED ON SGX-ST IN DECEMBER 2006, IS SINGAPORE'S FIRST HEALTHCARE REIT WITH PORTFOLIO VALUE OF S$1.12 BILLION

SPONSORS (1)

OUE Limited ("OUE")

OUE Healthcare Limited ("OUEH")

• First REIT is managed by First REIT Management Limited (the "Manager").

• The Manager is 100% held by its Sponsors: 60% directly held by OUE and 40% directly held by OUEH.

• As at 31 March 2025, the Sponsors' combined stake

in First REIT units is 45.29%.

Asset Size (2)

billion

Total GFA

of 32 Properties (3)

square metres

Weighted Average Lease Expiry (3)

years

Max. No.

Rooms/Beds (3)

Total No. of Tenants (3)

Occupancy

Rate (3)

Notes

1. As at 31 March 2025, First REIT's Sponsors hold 45.29% of First REIT units and 100% of the Manager, reflecting a strong alignment of interests with Unitholders.

2. Based on appraised values as at 31 December 2024. 4

3. As at 31 March 2025.

JAPAN

14 nursing homes

(22.2% of AUM (1))

SINGAPORE

3 nursing homes

(2.7% of AUM (1))

INDONESIA

11 hospitals 2 integrated hospitals & malls 1 integrated hospital & hotel 1 hotel & country club (75.1% of AUM (1))

Note

(1) Based on appraised values as at 31 December 2024. 5