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

We refer to the earlier announcements dated 24 March 2025 and 25 March 2025 in relation to the Proposed Private Placement.

On 24 March 2025, 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 25 April 2024

After due deliberation on Hektar REIT's funding requirements, the Board has decided to vary the utilisation of proceeds for the Proposed Private Placement from the REIT's future viable investments towards the repayment of its bank borrowings and asset enhancement initiatives.

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

This announcement is dated 4 April 2025.