Manulife US Real Estate Management Pte. Ltd., as manager of Manulife US Real Estate Investment Trust announced that Mr. Mushtaque Ali will be appointed as Chief Financial Officer. Given the pending concurrent departures of the CEO and other executives as at end of June, the Board Chairman and the Independent Directors of Manulife US Real Estate Management Pte.

Ltd. have taken the opportunity to consider the executive skillset and experience needed for the Manulife US REIT to effectively execute on its Recapitalisation Plan and to resume growth as markets improve. Mr. Ali will work closely with Mr. Casasante and the team to develop and implement strategies to enhance the business' operations, such as optimizing assets in the portfolio and financing strategy, with the aim of maintaining liquidity to meet future financial obligations and fund capital expenditures and other expenses. Mr. Ali will assume the responsibilities formerly overseen by Ms Caroline Fong as Deputy Chief Executive Officer and Mr. Robert Wong as CFO.

Mr. Ali will join the team on 12 April 2024 as CFO designate, and the effective date of his appointment as CFO will be 30 June 2024. Mr. Ali has over 25 years of experience in the finance and accounting professions, mainly in the investment management industry with focus on private assets and real estate investment management. Previously, he was Head of Finance, Singapore and Southeast Asia at Manulife Investment Management.

Before relocating to Singapore from Canada, Mr. Ali served in global leadership roles within Manulife Investment Management's Private Markets business, including as the Head of Fund & Asset Management Finance and as Head of Private Assets Financial Reporting & Advisory focusing on real estate, infrastructure, and other private asset classes. The company announced the resignation of Mr. Robert Wong Teck Ling as Chief Financial Officer. Mr. Robert Wong will be stepping down as CFO on 30 June 2024 to pursue other opportunities.

A suitable and qualified individual with appropriate finance and real estate experience has been identified within the Manulife group to replace him. Mr. Wong will work closely with the Board and new Management team to ensure a smooth handover. The Board of Directors wishes to take this opportunity to thank Mr. Wong for his services to the REIT Manager and Manulife US REIT during his term of office.

Mr. Wong is responsible for finance, capital management, treasury and accounting operations for MUST. He is also responsible for managing the debt and capital market programmes. Other DirectorShips Past: Cache-MTN Pte Ltd. Cache Singapore One Pte Ltd. CWT Jinshan (Hong Kong) Pte Limited, CWT Warehousing Transportation (Shanghai) Development Co.

Ltd. Tanglewood Success Limited, Cache Polar (Hong Kong) Limited, Cache (Australia) Pte Ltd. CWT Cayman (Jinshan) Limited. Other DirectorShips Present: Manulife US REIT Alpha (Singapore) Pte. Ltd., Manulife US REIT Beta (Singapore) Pte.

Ltd., Manulife US REIT Beta 2 (Singapore) Pte. Ltd., Manulife US REIT Beta 3 (Singapore) Pte. Ltd., Manulife US REIT Beta 4 (Singapore) Pte.

Ltd., Manulife US REIT Beta 5 (Singapore) Pte. Ltd., Manulife US REIT Beta 6 (Singapore) Pte. Ltd., Manulife US REIT Beta 7 (Singapore) Pte.

Ltd., Manulife US REIT Beta 8 (Singapore) Pte. Ltd., Manulife US REIT Beta 9 (Singapore) Pte. Ltd., Manulife US REIT Beta 10 (Singapore) Pte.

Ltd.