Page 1

FRASERS HOSPITALITY TRUST FRASERS HOSPITALITY TRUST FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE FIRST HALF ENDED 31 MARCH 2021 Frasers Hospitality Trust ( " FHT " or the " Trust " ) is a stapled trust comprising Frasers Hospitality Real Estate Investment Trust ( " FH - REIT " ) and Frasers Hospitality Business Trust ( " FH - BT " ) . FHT is established with the principal investment strategy of investing , directly or indirectly , in a diversified portfolio of income - producing real estate located anywhere in the world except Thailand , which is used primarily for hospitality and / or hospitality - related purposes , as well as real estate - related assets in connection to the foregoing . The portfolio of FHT comprises 15 properties , comprising nine hotels ( the " Hotels " ) and six serviced residences ( the " Serviced Residences " , and together with the Hotels , the " Properties " ) , with a total of 3,071 hotel rooms and 842 Serviced Residence units . The Properties are located in Singapore , Australia , the United Kingdom , Japan , Malaysia and Germany . Hotels InterContinental Singapore Sofitel Sydney Wentworth ANA Crowne Plaza Kobe The Westin Kuala Lumpur Maritim Hotel Dresden Novotel Melbourne on Collins Novotel Sydney Darling Square Park International London ibis Styles London Gloucester Road Total Serviced Residences Fraser Suites Singapore Fraser Suites Sydney Market Segment * Luxury Luxury Upper Upscale Upper Upscale Number of Rooms 406 436 593 443 328 380 Mid - scale 230 Mid - scale 171 Mid - scale 84 3,071 Upscale Upscale Market Segment * Number of Units Upper Upscale 255 Upper Upscale 201 Fraser Place Canary Wharf Upper Upscale 108 Fraser Suites Queens Gate Upper Upscale 105 Fraser Suites Glasgow Upper Upscale Upper Upscale 98 75 842 Fraser Suites Edinburgh Total Based on STR Global Chain Scales Distribution Policy Distributions from FHT comprise distributions from FH - REIT and FH - BT . FH - REIT's distribution policy is to distribute at least 90.0 % of its distributable income . FH - BT's distribution policy is to distribute as much of its income as practicable , and the declaration and payment of distributions by FH - BT will be at the sole discretion of the Board of Directors of Frasers Hospitality Trust Management Pte . Ltd. ( the " Trustee - Manager " ) . Distributions are made on a semi - annual basis , with the amount calculated as at 31 March and 30 September each year for the six - month periods ending on each of the said dates . Frasers Hospitality Asset Management Pte . Ltd. ( the " REIT Manager " ) and the Trustee - Manager ( collectively , the " Managers " ) are required to pay distributions within 90 days of the end of each distribution period ' . Distributions , when paid , will be in Singapore dollars . 1 The Ministry of Finance ( " MOF " ) , the Inland Revenue Authority of Singapore ( " IRAS " ) , and the Monetary Authority of Singapore ( " MAS " ) announced new measures on 16 April 2020 to provide real estate investment trusts listed on the Singapore Exchange Securities Trading Limited ( the " SGX - ST " ) ( " S - REITS " ) with greater flexibility to manage their cash flows and raise funds amid a challenging operating environment due to the COVID - 19 . On 23 June 2020 , the MOF , IRAS and MAS had announced that they will further extend the deadline for S - REITs to distribute their taxable income derived in FY2021 from 3 months ( after the end of FY2021 ) to 31 December 2021 , whichever is later , so as to qualify for tax transparency . Page 1 of 19