Results Of The Annual General Meeting Of Unitholders Held On 29 April 2025

(Constituted in the Republic of Singapore pursuant to a trust deed dated 19 October 2006 (as amended))

Capitalised terms used herein, unless otherwise defined, have the meanings as defined in the Notice of Annual General Meeting ("AGM") of First Real Estate Investment Trust ("First REIT") dated 1 April 2025 ("Notice of AGM").

First REIT Management Limited, as manager of First REIT (the "Manager"), wishes to announce that all resolutions as set out in the Notice of AGM and put to vote at the AGM by way of poll, were passed by the unitholders of First REIT at the AGM held today.

The information as required under Rule 704(16) of the Listing Manual of Singapore Exchange Securities Trading Limited is set out below:

1. The results of the poll on each of the resolutions put to vote at the AGM

   Resolution number and details	Total number of Units represented by votes for and against the resolution	For		Against
   		No. of Units	As a percentage of total number of votes for and against the resolution (%)	No. of Units	As a percentage of total number of votes for and against the resolution (%)
   Ordinary Resolution 1 To receive and adopt the Report of the Trustee, the Statement by the Manager and the Audited Financial Statements of First REIT for the financial year ended 31 December 2024 and the Independent Auditors' Report thereon.	1,054,177,839	1,053,768,333	99.96	409,506	0.04

   Resolution number and details	Total number of Units represented by votes for and against the resolution	For		Against
   		No. of Units	As a percentage of total number of votes for and against the resolution (%)	No. of Units	As a percentage of total number of votes for and against the resolution (%)
   Ordinary Resolution 2 To re-appoint KPMG LLP as Independent Auditors of First REIT to hold office until the conclusion of the next annual general meeting of First REIT and to authorise the Manager to fix their remuneration.	1,054,269,439	1,053,577,233	99.93	692,206	0.07
   Ordinary Resolution 3 To authorise the Manager to issue Units and to make or grant convertible instruments.	1,054,280,617	1,049,948,540	99.59	4,332,077	0.41
   Extraordinary Resolution 1 To approve the Unit Buy-Back Supplement.	1,054,392,815	1,054,040,609	99.97	352,206	0.03
   Ordinary Resolution 4 To approve the adoption of the Unit Buy-Back Mandate.	1,054,146,039	1,053,781,833	99.97	364,206	0.03

   Note: Percentages are rounded to two decimal places.

2. Details of parties who are required to abstain from voting on any resolution(s), including the number of Units held and the individual resolution(s) on which they are required to abstain from voting

   No party was required to abstain from voting on any of the resolutions at the AGM.

3. Name of firm and/or person appointed as scrutineer

Impetus Corporate Solutions Pte. Ltd. was appointed as scrutineer for the AGM.

By Order of the Board

First REIT Management Limited

(in its capacity as manager of First REIT) (Company Registration No: 200607070D)

Tan Kok Mian Victor

Executive Director and Chief Executive Officer 29 April 2025

The value of Units and the income derived from them may fall as well as rise. The Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

This document is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units. The past performance of First REIT is not necessarily indicative of the future performance of First REIT.

This document may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses (including employee wages, benefits and training costs), property expenses and governmental and public policy changes. Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on the Manager's view of future events.