OUE Commercial REIT - Annual Report 2021

PROPERTIES AT A GLANCE OUE BAYFRONT ONE RAFFLES PLACE OUE DOWNTOWN OFFICE Notes: 1 Commercial segment comprises OUE Bayfront (50% interest), One Raffles Place (67.95% effective interest), OUE Downtown Office, Lippo Plaza (91.2% strata interest) and Mandarin Gallery 2 Based on BPH PropCo LLP’s 100% interest in OUE Bayfront 3 Based on OUE C-REIT’s 100% interest from 1 January 2021 to 31 March 2021 and BPH PropCo LLP’s 100% interest from 1 April 2021 to 31 December 2021 4 Based on OUB Centre Limited’s 81.54% interest in One Raffles Place 5 RevPAR refers to revenue per available room 6 Of the 91,999.8 sq m of gross floor area at Hilton Singapore Orchard, approximately 15,506.4 sq m is for commercial use which is not exclusively for hotel guests only Commercial 1 Hospitality Located at Collyer Quay in Singapore’s central business district (“CBD”), OUE Bayfront is a premium Grade A office building which occupies a vantage position between the Marina Bay downtown and established financial hub of Raffles Place. PROPERTY DESCRIPTION OUE Downtown Office is part of the OUE Downtown mixed-use development, a refurbished landmark property comprising Grade A offices, a retail podium as well as serviced residences, strategically located in Shenton Way. One of the tallest buildings in the Singapore CBD, One Raffles Place is an iconic commercial development comprising two Grade A office towers and a retail mall, strategically located in the heart of main financial district Raffles Place. 50% OWNERSHIP INTEREST 100% of the office components of OUE Downtown 83.33% interest in OUB Centre Limited, which owns 81.54% beneficial interest in One Raffles Place OUE Bayfront and OUE Tower: 99-year lease from 12 November 2007 OUE Link: 15-year lease from 26 March 2010 Underpass: 99-year lease from 7 January 2002 LEASEHOLD TENURE 99-year lease from 19 July 1967 One Raffles Place Tower 1: 841-year lease from 1 November 1985 One Raffles Place Tower 2: 99-year lease from 26 May 1983 One Raffles Place Shopping Mall: - approximately 75% of the net lettable area (“NLA”) of the retail podium is on a 99-year lease from 1 November 1985 - the balance 25% of the NLA is on a 841-year lease from 1 November 1985 S$1,270.0 million 2 PROPERTY VALUATION S$902.0 million S$1,867.7 million 4 S$60.1 million 3 FY 2021 REVENUE S$45.4 million S$75.3 million 4 Overall: 99.1% Office: 99.3% Retail: 96.6% COMMITTED OCCUPANCY/REVPAR 5 Overall: 89.3% Office: 88.3% Retail: 94.2% 88.6% 37,154.6 sq m NET LETTABLE AREA 49,172.9 sq m 65,487.3 sq m As at 31 December 2021 8 O U E COMM E R C I A L R E I T