HEKTAR REAL ESTATE INVESTMENT TRUST ("HEKTAR REIT") PROPOSED PRIVATE PLACEMENT OF UP TO 23,098,000 NEW UNITS IN HEKTAR REIT, REPRESENTING UP TO 5% OF ITS TOTAL ISSUED UNITS ("PRIVATE PLACEMENT")

Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the announcement dated 15 November 2021 in relation to the Private Placement ("Announcement").

We refer to the announcements dated 15 November 2021, 23 November and 26 November 2021 in relation to the Private Placement.

On behalf of the Board of Directors of Hektar Asset Management Sdn Bhd, being the management company of Hektar REIT, KAF Investment Bank Berhad wishes to announce that the Board had on 13 December 2021 (“Price-Fixing Date”) fixed the issue price for the first tranche of the Private Placement at RM0.455 per Placement Units (“Issue Price”).

The Issue Price represents a discount of RM0.0467 or approximately 9.31% to the 5-day volume weighted average market price of units of Hektar REIT up to and including 10 December 2021, being the last market day immediately preceding the Price-Fixing Date of RM0.5017 per of units of Hektar REIT.