OUE Commercial REIT - Annual Report 2021

STRUCTURE OF OUE COMMERCIAL REIT UNITHOLDERS OUE COMMERCIAL PROPERTY MANAGEMENT PTE. LTD. (Property Manager of OUE C-REIT) OUE COMMERCIAL REIT MANAGEMENT PTE. LTD. (The Manager) DBS TRUSTEE LIMITED (Trustee of OUE C-REIT) Property management fees Acts on behalf of Unitholders Management fees Trustee fees Stapled Property management fees Management fees Ownership Ownership Distributions Ownership of units Distributions Property management services Trustee fees Management services Acts on behalf of the holder of OUE Hospitality Sub-Trust units Property management services Lease of the hotels 3 Trustee and management fees Hotel management fees Fixed rent and variable rent Acts on behalf of the holder of OUE H-BT units Operates and manages the hotels Management services COMMERCIAL 1 • OUE Bayfront (50% interest) • One Raffles Place (67.95% interest) • OUE Downtown Office • Lippo Plaza (91.2% strata ownership) TRUSTEE OF OUE HOSPITALITY SUB-TRUST OUE PROPERTY MANAGEMENT PTE. LTD. (Property Manager of OUE Hospitality Sub-Trust) OUE HOSPITALITY SUB-TRUST HOSPITALITY • Hilton Singapore Orchard • Crowne Plaza Changi Airport COMMERCIAL 1 • Mandarin Gallery MASTER LESSEE HOTEL MANAGER 4 OUE HOSPITALITY BUSINESS TRUST (“OUE H-BT”) 2 OUE HOSPITALITY TRUST MANAGEMENT PTE. LTD. (Trustee-Manager) Distributions Notes: 1 Includes office and/or retail 2 OUE H-BT is currently dormant 3 The OUE Hospitality Sub-Trust will lease the hotel to the Master Lessee and in return the Master Lessee will pay rent in accordance with the master lease agreement to the OUE Hospitality Sub-Trust 4 The Master Lessee will appoint the Hotel Manager to manage the day-to-day operations and marketing of the hotel leased from OUE Hospitality Sub-Trust. The Hotel Manager will typically be entitled to a payment computed as a percentage of the revenue and a percentage of the gross operating profit of the hotel comprising gross operating revenue less operating expenses under management 3 A N N U A L R E P O R T 2 0 2 1