|Announcement Title||General Announcement|
|Date & Time of Broadcast||Nov 28, 2016 17:57|
|Announcement Sub Title||UPDATE ON USE OF PROCEEDS FROM INITIAL PUBLIC OFFERING|
|Submitted By (Co./ Ind. Name)||Lai Hock Meng|
|Designation||Chief Executive Officer and Executive Director|
|Description (Please provide a detailed description of the event in the box below)||Please refer to the file attached.|
DBS Bank Ltd. is 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. are the joint bookrunners and underwriters for the initial public offering of EC World REIT.