First Real Estate Investment Trust announced resignation of Carl Gabriel Florian Stubbe from Non-Executive Non-Independent Director, Chairman of the Board and Audit Committee member. The resignation of Mr. Carl Gabriel Florian Stubbe was part of the completion of the change in controlling shareholder of Bowsprit Capital Corporation Limited, as manager of First Real Estate Investment Trust. Consequently, Mr. Carl Gabriel Florian Stubbe also relinquished his position as Non-Executive Non-Independent Director, Chairman of the Board and Audit Committee member.