Change - Announcement Of Cessation :: Re-Designated To Non-Executive Director And Cessation As President Of Investment & Asset Management

EC WORLD REAL ESTATE INVESTMENT TRUST

(a real estate investment trust constituted on 5 August 2015 under the laws of the Republic of Singapore)

RE-DESIGNATION OF EXECUTIVE DIRECTOR TO NON-EXECUTIVE DIRECTOR

The Board of Directors of EC World Asset Management Pte. Ltd., in its capacity as manager of EC World Real Estate Investment Trust ("EC World REIT", and as manager of EC World REIT, the "Manager"), wishes to announce the re-designation of Mr Goh Toh Sim from Executive Director to Non-Executive Director of the Manager with effect from 9 November 2017.

Mr Goh Toh Sim will also relinquish his position as President of Investment and Asset Management of the Manager on the same date.

Following the above re-designation, the composition of the Board of Directors of the Manager is as follows:

Mr Zhang Guobiao	-	Chairman and Non-Executive Director
Mr Chan Heng Wing	-	Lead Independent Director
Mr David Wong See Hong	-	Independent Non-Executive Director
Mr Chia Yew Boon	-	Independent Non-Executive Director
Mr Li Guosheng	-	Independent Non-Executive Director
Mr Goh Toh Sim	-	Non-Executive Director
Mr Alvin Cheng Yu-Dong	-	Executive Director and Chief Executive Officer
DBS Bank Ltd. was the sole financial adviser, global coordinator and issue manager for the initial public offering of EC World REIT. DBS Bank Ltd., Bank of China Limited, Singapore Branch, China International Capital Corporation (Singapore) Pte. Limited and Maybank Kim Eng Securities Pte. Ltd. were the joint bookrunners and underwriters for the initial public offering of EC World REIT.

By Order of the Board

Alvin Cheng

Chief Executive Officer and Executive Director EC World Asset Management Pte. Ltd. (Company Registration No. 201523015N)

As manager of EC World Real Estate Investment Trust

Date: 9 November 2017

IMPORTANT NOTICE

The value of the Units and the income derived from them may fall as well as rise. The Units are not obligations of, deposits in, or guaranteed by the Manager, DBS Trustee Limited (as trustee of EC World REIT), or any of their respective affiliates.

An investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. Unitholders have no right to request that the Manager redeem or purchase their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

This announcement may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Predictions, projections or forecasts of the economy or economic trends of the markets are not necessarily indicative of the future or likely performance of EC World REIT. The forecast financial performance of EC World REIT is not guaranteed. A potential investor is cautioned not to place undue reliance on these forward-looking statements, which are based on the Manager's current view of future events.