Investor Presentation

("PLife REIT")

The distribution of this presentation in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about, and observe, any such restrictions. In particular, this presentation has not been and will not be registered as a prospectus with the Monetary Authority of Singapore. By attending this presentation or by accepting this document, you will be taken to have represented, warranted and undertaken that: (i) you are a relevant person (as defined above); (ii) you are not a person located in the United States or any agent, fiduciary or other intermediary acting on a non-discretionary basis for a principal giving instructions from within the United States or any U.S. person; (iii) if you are in Singapore, you represent and warrant that you are either an institutional investor (as defined in Section 4A of the Securities and Futures Act 2001 of Singapore (the "SFA")) pursuant to Section 274 of the SFA or an accredited investor (as defined in Section 4A of the SFA) pursuant to and in accordance with the conditions specified in Section 275 of the SFA and (where applicable) Regulation 3 of the Securities and Futures (Classes of Investors) Regulations 2018 of Singapore; (iv) you are bound by the foregoing limitations; and (v) that any investment in any securities of the Issuer will be made solely on the basis of your own independent investigation of the financial condition and affairs and appraisal of the creditworthiness of the Issuer, the Guarantor and Parkway Life REIT and review of the information in the offering document prepared by the Issuer and the Guarantor and not on the basis of this presentation. Any failure to comply with these restrictions may constitute a limitation of applicable securities law.

This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from these 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, shifts in expected levels of property rental income, changes in operating expenses, property expenses, governmental and public policy changes and the continued availability of financing in the amounts and on the terms necessary to support Parkway Life REIT's future business. Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on the PLife REIT Manager's current view of future events.

Parkway Life REIT and the PLife REIT Manager expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement or financial information contained in this presentation to reflect any change in the PLife REIT Manager's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement or information is based, subject to compliance with all applicable laws and regulations and/or the rules of the SGX-ST and/or any other regulatory or supervisory body or agency.

None of Parkway Life REIT, the PLife REIT Manager, United Overseas Bank Limited or any of their respective affiliates, directors, officers, employees, agents, advisors or representatives undertakes any obligation to provide the recipient of this presentation with access to any additional information or to update this Presentation or any additional information or to correct any inaccuracies in any such information which may become apparent.

("PLife REIT")

1. Overview of Parkway Life REIT

   Agenda

2. Our Properties

3. Growth Strategy

4. Capital & Financial Management

5. Sustainable Financing Framework

6. Financial Highlights

7. Appendix (Property Information)