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PORTFOLIO OVERVIEW investors a unique combination investors auniquecombination with both retail and healthcare with bothretail andhealthcare suburban properties exposure suburban properties exposure SPH REIT’s portfolio offers SPH REIT’sportfoliooffers services components of and of Orchard Roadand

SPH REIT ANNUAL REPORT 2014

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PARAGON PROPERTY INFORMATION

Description A 6-storey retail podium with 1 basement level, together with a 14-storey medical suite/office tower and another 3-storey medical suite/office tower both sitting on top the retail podium. It also includes a basement carpark Net Lettable Area Retail: 484,840 sq ft Medical suite/office: 223,000 sq ft Total: 707,840 sq ft

Number of tenants 292

Car Park Lots 416

Title 99 years commencing 24 July 2013

Gross Revenue(1) S$180.6m

Net Property Income(1) S$136.7m

Market Valuation S$2,588m as at 31 August 2014

Committed Occupancy 100.0% as at 31 August 2014

Key Tenants Balenciaga, Burberry, Ermenegildo Zegna, Etro, Givenchy, Gucci, Miu Miu, Prada, Salvatore Ferragamo, Tod’s, Versace Crystal Jade Golden Palace Restaurant, Din Tai Fung, Imperial Treasure Super Peking Duck Restaurant Citigold Private Client, Marks & Spencer, Metro, MUJI, Paragon Market Place SPH Fitness First, Pacific Healthcare Specialist Centre REIT ANNUAL Awards and Accolades • Retailers Association (“SRA”) Shopping REPORT Centre Awards 2013 - Outstanding Efforts in Centre Management 2014 • Orchard Road Christmas Light Up, Best Dressed Building Contest 2013 - Winner 41 • Most MasterCard® Friendly Mall Award 2013 - Winner

Note: (1) FP2014.

TRADE MIX – BY GROSS RENTAL INCOME TRADE MIX – BY NLA FOR THE MONTH OF AUGUST 2014 FOR THE MONTH OF AUGUST 2014

8.9% 2.3% 2.7% 31.5% Departmental Stores Non-retail Services Non-retail Medical & Supermarket Services Suite/Office

9.7% Fashion, Handbags, Shoes, Accessories 10.1% & Optical Food & 33.1% Beverage 9.8% Luxury Brands, Food & Jewellery Beverage 11.8% & Watches 10.7% Fashion, Handbags, Luxury Brands, Shoes, Jewellery & Accessories Watches & Optical 18.2% 17.4% Lifestyle 14.4% 19.4% Departmental Stores Lifestyle Medical Suite/Office & Supermarket SPH REIT ANNUAL REPORT 2014

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ABOUT PARAGON medical tourists, an important sub-group of Orchard Road’s A premier upscale retail mall and total tourist market. Paragon medical suite/office property Mall benefits from a regular strategically located in the heart catchment of patients, both local of Orchard Road, Singapore’s and medical tourists, and their most famous shopping and accompanying relatives by virtue Paragon is a tourist precinct. Paragon of Paragon’s location immediately premier upscale consists of a six-storey retail adjacent to Mount Elizabeth podium and one basement level Hospital and Mount Elizabeth retail mall and with 484,840 sq ft of retail NLA Medical Centre, a renowned (“Paragon Mall”) and features an private hospital and its specialist medical suite/ all-glass facade with 136 metres medical centre, respectively. office property of prime Orchard Road frontage, showcasing duplex flagship ORCHARD ROAD PRECINCT strategically stores of top international located in fashion brands. A 14-storey Orchard Road, Singapore’s tower and another three-storey premier shopping and tourist the heart of tower sit on top of the retail precinct, is a 2.2 kilometre podium with a total 223,000 boulevard located in the central Orchard Road sq ft of medical suite/office region of Singapore flanked NLA (“Paragon Medical”). by approximately 45 retail centres with approximately Paragon Medical is ideally 7.5 million sq ft of NLA and about positioned to capitalise on 11,000 guest rooms and serviced apartments in the vicinity. Paragon is well connected by The precinct is well connected way of the Central Expressway. by underground pedestrian It is also well served by the walkways and linkages public transport network with between buildings. bus stops and two MRT stations within close walking distance. Orchard Road is an epicentre Paragon is located in close for shopping, leisure activities, proximity to other landmark entertainment, events and tourist attractions in Singapore festive celebrations. It is including The Istana (0.9km regularly visited by the local away), Clarke Quay (1.8km SPH population as well as tourists. away), Singapore Botanic REIT This famous street was ranked Gardens (2.4km away), Boat ANNUAL number one in “The Most Quay (2.4km away), Singapore REPORT 2014 Beautiful Avenues of the World Flyer (3.4km away), Marina Bay International Survey 2011/2012” Sands (3.4km away), Sentosa 43 conducted by French survey (5.5km away) and Gardens by company, Presence. The Bay (6.3km away).

Shaw Centre

Shaw House

Mount Elizabet h Hospital Tangs Wheelock & Medical Plaza Place Centre

Lucky Plaza

ION Orchard MRT Orchard Wisma PARAGON Atria Grand Park Orchard

The Heeren

Mandarin Orchard The Centrepoint

Cathay 313 Somerset Cineleisure Somerset MRT ANNUAL REPORT 2014 REIT SPH SPH 44

THE PROPERTY INFORMATION

Description A 5-storey retail podium including a basement carpark, a public library, with direct transport links to the bus interchange on the ground floor and the Clementi MRT station on the 3rd floor via a linkbridge

Net Lettable Area Retail: 192,460 sq ft

Number of tenants 150

Car Park Lots 166

Title 99 years commencing 31 August 2010

Gross Revenue(1) S$42.3m

Net Property Income(1) S$29.2m

Market Valuation(2) S$571.0m as at 31 August 2014

Committed Occupancy 100.0% as at 31 August 2014

Key Tenants Charles & Keith, Cotton On, G2000, The Body Shop BreadTalk, Foodfare, Ichiban Sushi, McDonald’s, Soup Restaurant, Swensen’s

Best Denki, BHG, Clementi Public Library, FairPrice Finest, Popular Bookstore

Award South West Community Development Council and National Environment Agency’s 9th South West Public Health Awards 2013 SPH – Clean, Dry and Sparkling Toilets Awards (Shopping Malls Division) REIT - Winner ANNUAL REPORT 2014

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Notes: (1) FP2014. (2) The Clementi Mall’s valuation excludes income support. The guaranteed NPI per year is S$31 million and the aggregate top up NPI shall not exceed S$20 million over five years.

TRADE MIX – BY GROSS RENTAL INCOME TRADE MIX – BY NLA FOR THE MONTH OF AUGUST 2014 FOR THE MONTH OF AUGUST 2014

9.8% 6.8% 14.6% Departmental Non-retail Services Fashion, Handbags, Shoes, Stores & Accessories & Optical Supermarket

32.6% 26.7% Food & Food & Beverage Beverage

15.3% Non-retail 22.5% Services Fashion, Handbags, Shoes, Accessories & 28.3% 26.3% Optical 17.1% Lifestyle Departmental Stores Lifestyle & Supermarket ABOUT THE CLEMENTI MALL Its strategic location, direct transport connectivity and A mid-market family-oriented positioning to cater to the suburban mall strategically necessity shopping segment, located in the centre of has enabled The Clementi Mall to Clementi town, a well- enjoy higher levels of footfall than established residential area a mall of similar size. in the west of Singapore. The Clementi Mall consists THE CLEMENTI PRECINCT of a five-storey retail podium and one basement level with The Clementi district is located 192,460 sq ft of retail NLA. about 7km west of Orchard The retail mall, which opened Road. It is well-connected to in 2011, is part of the first the rest of Singapore via the mixed-use development in Ayer Rajah Expressway. Singapore with a public library, bus interchange, HDB residential The Clementi MRT station blocks and commercial services the East-West line that components. The property is links directly to downtown also connected to the Clementi Singapore and eastwards to MRT station via a linkbridge on Changi Airport. level three.

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Going in the other direction further west, the MRT line serves the Jurong Lake District consisting of two complementary precincts, Jurong Gateway and Lakeside, which will be the biggest The first mixed-use commercial hub outside the Central Business District. development in Singapore with a The Clementi bus interchange has 14 bus lines which connect public library, bus the town centre and MRT station with the suburbs. interchange, HDB residential blocks The Clementi Planning Area has about 92,000 residents and commercial and more than 60,000 tertiary components students in the Clementi and Queenstown Planning areas. In addition, there are 169,000 residents in the neighbouring Bukit Timah and Queenstown Planning Areas.