PARKWAY LIFE REAL ES

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Parkway Life Real Estate Investment Trust : Termination Of Tokumei Kumiai Agreement With Phoebe LLC

11/29/2021 | 04:40am

(Constituted in the Republic of Singapore pursuant to a trust deed dated 12 July 2007 (as amended))

TERMINATION OF TOKUMEI KUMIAI AGREEMENT WITH PHOEBE LLC

We, Parkway Trust Management Limited, as manager of Parkway Life Real Estate Investment Trust ("Parkway Life REIT", and as manager of Parkway Life REIT, the "Manager"), refer to the announcements dated 16 April 2008 in respect of the acquisition of P-Life Matsudo property located in Japan ("P-LifeMatsudo Property") and 29 January 2021 in respect of the divestment of the P- Life Matsudo Property.

With the divestment of the P-Life Matsudo Property, Phoebe LLC no longer holds any property. HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of Parkway Life REIT) has therefore terminated the Tokumei Kumiai agreement dated 11 April 2008 entered between its wholly-owned subsidiary, Matsudo Investment Pte. Ltd., a private limited company incorporated under the laws of Singapore, and Phoebe LLC, a godo kaisha incorporated under the laws of Japan (as amended, the "TK Agreement"), with effect from 29 November 2021.

BY ORDER OF THE BOARD Parkway Trust Management Limited (Company Registration no. 200706697Z)

As manager of Parkway Life Real Estate Investment Trust

Chan Wan Mei

Company Secretary

29 November 2021

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Important Notice

This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for units in Parkway Life Real Estate Investment Trust ("Parkway Life REIT" and the units in Parkway Life REIT, the "Units").

The value of Units and the income from them may fall as well as rise. The Units are not obligations of, deposits in, or guaranteed by, Parkway Trust Management Limited, as manager of Parkway Life REIT (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 of Parkway Life REIT may only deal in their Units through trading on Singapore Exchange Securities Trading Limited (the "SGX-ST"). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

The past performance of Parkway Life REIT or the Manager is not necessarily indicative of the future performance of Parkway Life REIT or the Manager.

This announcement may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in 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 Manager's current view of future events.

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Disclaimer

Parkway Life REIT published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 09:39:06 UTC.

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