This printed article is located at http://ecwreit.listedcompany.com/distribution_policy.html

Distribution Policy

Distributions from EC World REIT to Unitholders will be computed based on 100.0% of EC World REIT's Distributable Income for the period from the Listing Date to 31 December 2017. Thereafter, EC World REIT will distribute at least 90% of its Distributable Income on a semi-annual basis.