SINGAPORE, 18 MAY 2021

Frasers Centrepoint Asset Management Ltd. (“FCAM” or the “Manager”), the manager of Frasers Centrepoint Trust (“FCT” or the “Trust”), is pleased to report that Sapphire Star Trust¹ (“SST”), which owns Waterway Point and in respect of which FCT owns a 40% interest, has obtained its maiden S$589 million green loan (the “Loan”).

The Loan is a five-year SORA²-based secured term loan and an uncommitted revolving loan facility arranged by Sumitomo Mitsui Banking Corporation Singapore Branch and United Overseas Bank Limited (the “Lenders”). It is structured as a green loan based on the Green Loan Principles issued by the Loan Market Association, the Asia Pacific Loan Market Association, and the Loan Syndications & Trading Association. The Loan will be used to refinance existing borrowings, for working capital and general corporate funding requirements of SST in relation to Waterway Point.

Mr Richard Ng, Chief Executive Officer of FCAM, said, “FCT views sustainability as an integral part of its business strategy. As a testament of the Manager’s commitment to our sustainability objectives, we aim to finance the majority of FCT’s sustainable asset portfolio with green and sustainable financing by 2024. This includes Waterway Point, which is managed by the Frasers Property Group and in which FCT has a 40% stake. With the completion of the green loan for Waterway Point, the proportion of green loans in FCT’s portfolio is now lifted to approximately 18%. We will continue to work with our partnering banks to achieve our sustainability goals.”

FCT’s share in this Loan is proportionate to its 40% interest in SST. The Loan will enjoy a reduction in margin on its second year, if Waterway Point retains its current Green Mark GoldPlus certification status issued by the Building and Construction Authority (BCA).

The composition of the Lenders and their respective roles is as follows:

¹ The borrower of the Loan is FC Retail Trustee Pte. Ltd. (in its capacity as trustee-manager of SST). SST is a joint venture between FCT which owns 40%, Far East Organization which owns 40% and Sekisui House, Ltd. which owns 20%.

² SORA: Singapore Overnight Rate Average.