First REIT Financial Overview

Strong sponsors support As at 31 March 2023, First REIT's sponsors' combined stake in First REIT was 44.35%. 2018 FIRST REIT ASIA'S PREMIER HEALTHCARE TRUST ■ OUE OUE Limited OUE HEALTHCARE OUE Healthcare Limited ("OUEH") ■ ' A leading pan-Asian, full service real estate development, investment and management company with assets across the commercial, hospitality, retail, residential and healthcare sectors. As at 31 December 2022, OUE's total assets were valued at S$9.5 billion. A Pan-Asian healthcare group that owns, operates and invests in quality healthcare businesses in high-growth markets including: - - - Operating and managing a respiratory and cardiothoracic specialist group in Singapore; Jointly developing and operating two hospitals in China with China Merchants Group; as well as - Jointly operating and managing Myanmar's leading private hospital group. Itochu Corporation, listed on the Tokyo Stock Exchange and amongst the largest and most diversified trading companies in the world, holds close to 20% stake in OUEH as at 31 December 2022. Sponsors completed acquisition of the Manager of First REIT 2020 Sponsors provided irrevocable undertakings in respect of a S$158 million rights issue - - ― Leveraging on Sponsor Network for S$260 million debt refinancing (1) 2022 12 out of the 14 Japan nursing homes in First REIT's portfolio were acquired from OUEH (2) Agreed Purchase Price was at a 2.9% - 3.8% discount to valuations Approximately 78.3% of purchase price were funded by issuance of new units to OUEH, conserving cash and ensuring acquisition is DPU accretive 431,147,541 Units issued at $$0.305: S$0.305 was 9.3% premium to the 3-month VWAP of S$0.279 as at 6 December 2021 Manager voluntarily waive the acquisition fee of approximately S$3.0 million Notes (1) S$260mm debt refinancing to refinance a S$400 million secured loan facilities including a $196.6 million repayment which was due on 1 March 2021 (2) For more information, please see https://firstreit.listedcompany.com/newsroom/20211208_075636 AW9U_IT2DTH6ZCC47TB4X.3.pdf 14

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