The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Proposed Private Placement.

We refer to the earlier announcements dated 11 October 2023, 12 October 2023 and 2 November 2023 in relation to the Proposed Private Placement.

On 11 October 2023, UOBKH, had on behalf of the Board, announced that Hektar REIT intended to undertake a private placement of up to 20% of the total number of issued units of Hektar REIT pursuant to the Authority granted by unitholders at the AGM dated 6 April 2023 ("Previous Proposed Private Placement").

After due deliberation on Hektar REIT's funding requirements, the Board has decided to revise the structure of the Proposed Private Placement to entail an issuance of up to 15% of the total number of issued units of Hektar REIT to third party investor(s) at an issue price to be determined later.

Further details of the Proposed Private Placement are set out in the attachment enclosed.

This announcement is dated 7 November 2023.