SINGAPORE, 17 JULY 2026

Frasers Property Limited (“Frasers Property”, and together with its subsidiaries, the “Group”) today announced that Mr Reini Otter will step down as Chief Executive Officer (CEO), Frasers Property Industrial, on 17 December 2026, to take on a new career opportunity.

Mr Ian Barter, currently Managing Director, Australia, Frasers Property Industrial, will have leadership oversight for Australia and Europe from 1 August 2026, until a new CEO is appointed. Mr Barter and the Frasers Property Industrial leadership team will report to the Frasers Property Industrial Executive Committee (Exco), and directly to the Exco Deputy Chair, Mr Rod Fehring, who is also a Co-Opted Member of the Group’s Board Executive Committee. He led Frasers Property Australia as CEO from 2015 to 2020 and has chaired Frasers Property Industrial’s management committee. These arrangements are supported with the deep asset class experience and ensure continuity of leadership, strategy and day-to-day operations.

Mr Otter has been with Frasers Property for 28 years, including the last seven as Frasers Property Industrial CEO. Alongside the Board and management, he helped form the Frasers Property Industrial platform and grow its industrial and logistics business in Australia and Europe, developing a platform for long-term value creation for its stakeholders.

Mr Barter joined Frasers Property in 2005 and has more than 25 years of experience in industrial and commercial property. As Managing Director, Australia, he leads the Group’s strategic direction for Industrial in the market, together with its financial and operational performance across the local portfolio. He has held senior roles across the Australian business, including General Manager, Northern region and General Manager, New South Wales.

Mr Panote Sirivadhanabhakdi, Group Chief Executive Officer of Frasers Property said, “On behalf of the Board, I thank Reini for his contributions and wish him every success. Ian and the rest of the Frasers Property Industrial management team know this business well; and the relationships they have built over the years run deep. We have a strong and talented team running the business and they have the full confidence of the Board and management. Our strategy is unchanged, and our focus on delivering for our customers and stakeholders continues.”

Mr Reini Otter, CEO, Frasers Property Industrial said, “It has been a privilege to lead Frasers Property Industrial and to work alongside such a talented team for nearly three decades. I am proud of what we have built together, and I leave the business in strong hands. I thank the Board and Panote for their trust in me and wish everyone at the Group continued success.”

The FPL Board has begun an orderly process to appoint a permanent CEO for Frasers Property Industrial and will update the market in due course.