First Reit (AW9U) Annual Reports

First REIT was established with the principal investment objective of owning

and investing in a diversified portfolio of income-producing real estate and/or

real estate-related assets in Asia that are primarily used for healthcare

and/or healthcare-related purposes including but not limited to regional

healthcare and/or healthcare-related markets with high growth potential such as

Indonesia, Singapore, China, Malaysia, Thailand and Hong Kong.

In addition, as one of its objectives, First REIT seeks to invest in healthcare

and healthcare-related assets that are positioned to capitalise on the growing

demand for healthcare services in Asia.

The Manager of First REIT is Bowsprit Capital Corporation Limited. The Manager’

s key financial objective is to provide unitholders of First REIT

(“Unitholders”) with a competitive rate of return for their investment by

ensuring regular and stable distributions to Unitholders and to achieve

long-term growth in the net asset value (“NAV”) of First REIT.

First REIT’s initial asset portfolio as at Listing Date consists of the

following Properties which are all located in Indonesia:

Siloam Hospitals Lippo Karawaci;

Siloam Hospitals West Jakarta;

Siloam Hospitals Surabaya; and

Imperial Aryaduta Hotel & Country Club.