OUE Commercial REIT - Annual Report 2021

ACHIEVEMENTS & PROGRESS IN FY 2021 Achieved tenant satisfaction rate of 86.1% for commercial properties Re-branding of Mandarin Orchard Singapore and relaunched property as Hilton Singapore Orchard on 24 February 2022 MAXIMISING OPERATIONAL PERFORMANCE Amount to be Distributed of S$142.0 million , DPU of 2.60 cents, 7.0% higher YoY Maintained stable occupancy of 91.5% for commercial segment Achieved higher YoY average passing rents for Singapore office properties VALUE-ENHANCING INVESTMENT MANAGEMENT Divested 50% of OUE Bayfront at 26.1% premium to purchase consideration PROACTIVE CAPITAL & RISK MANAGEMENT Lengthened average term of debt to 3.0 years Issued 3.95% fixed rate notes of S$150 million Secured maiden sustainability-linked loan of S$540 million Healthy aggregate leverage of 38.7% 13 A N N U A L R E P O R T 2 0 2 1