#1STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP INVESTOR PRESENTATION November 2021 1#2DISCLAIMER The information contained in this presentation (the "Presentation") is for information purposes only. The Presentation does not constitute or form part of any offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for, or any offer to underwrite or otherwise acquire any securities of The Straits Trading Company Limited (the "Company" or "STC") or any other securities, nor shall any part of the Presentation or the fact of its presentation or communication form the basis of, or be relied on in connection with, any contract, commitment or investment decision in relation thereto. The information in this Presentation is based on the views of and certain assumptions held by the management of the Company. While the Company has made reasonable efforts to ensure the accuracy of the information, the Company has not independently verified such information. In addition, the Company does not make any representation or warranty as to the accuracy or completeness of the information contained in this Presentation or the reasonableness of any assumptions contained herein and any liability in respect therefore is expressly disclaimed. Further, nothing in this Presentation should be construed as constituting legal, business, tax or financial advice and you should consult your own independent professional advisers. The information in this Presentation has been provided by the Company as of 9 November 2021 except as otherwise indicated, and are subject to change without notice or update, and does not purport to be complete or comprehensive. The Company does not make any representation or warranty that there have been changes in the affairs of the Company after such date. This Presentation may contain forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, expected performance, trends, anticipated developments in the Company's industries, market position, expenditures, and financial results, are forward- looking statements. Forward-looking statements are based on certain assumptions and expectations of future events. The Company does not guarantee that these assumptions and expectations are accurate or will be realised. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Although the Company believes that such forward-looking statements are based on reasonable assumptions, it can give no assurance that such expectations will be met. These factors include, but are not limited to, (i) general global, regional and local political, social and economic conditions (including, but not limited to, factors such as the political landscape, environmental conditions and viral epidemics such as human avian flu and severe acute respiratory syndrome) that may result in reduced occupancy rates and room rates for the hospitality investments of the Company or affect the other investments of the Company, (ii) the cyclical nature of the property market and tourism industry in the countries in which the Company operates and fluctuations in tin prices, (iii) the Company not being successful in the implementation of its business strategies or in managing its growth, (iv) regulatory developments and changes in the industries in which the Company operates, the general economic condition of, and changes in, the economy in Asia-Pacific and Europe, (v) competition in the hospitality industry and the hospitality- related industry in the Asia-Pacific and Europe region, (vi) hostilities (including future terrorist attacks) or fear of hostilities that affect travel in general, within or to the Asia-Pacific region or any other countries in which the hospitality investments of the Company are located or have operations, (viii) changes in the supply and demand for tin metal, (vii) changes in the price of tin as a result of speculation, (viii) changes in interest rates or inflation rates, (ix) wars or acts of international or domestic terrorism, (x) occurrences of catastrophic events, natural disasters and acts of God that affect the business or properties of the Company, and (xi) other factors beyond the control of the Company. You are cautioned not to place undue reliance on these forward-looking statements, which are based on current view of the Company's management on future events. The Company assumes no responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise. This Presentation includes statistical data provided by us and various third parties and cites third party projections regarding growth and performances of the industry and markets in which we operate. Such data is taken or derived from information published by industry sources, various third parties and from our internal data. In each such case, the sources are identified in this Presentation. This Presentation is directed only at persons which are neither resident in the United States nor "U.S. persons" as defined under Regulation S of the U.S. Securities Act of 1933, as amended (the "Securities Act") and, in addition, which are lawfully able to receive this document under the laws of the jurisdictions in which they are located or other applicable laws. Securities of the Company have not been, and will not be, registered under the Securities Act, or the securities laws of any state of the United States or other jurisdiction, and may not be offered or sold within the United States unless registered under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable U.S. state or local securities laws. The Company assumes no responsibility in the event there is a violation by any person of such restrictions. Any other information and materials on the Company's website, any website directly or indirectly accessible by hyperlinks on the Company's website and any other website are not incorporated in, and do not form part of, this Presentation. Neither this Presentation or any part thereof may be (a) used or relied upon by any other party or for any other purpose, (b) copied, photocopied, duplicated or otherwise reproduced in any form or by any means, or (c) forwarded, published, redistributed, passed on or otherwise disseminated or quoted, directly or indirectly, to any other person either in the participants' organisations or elsewhere. By attending this presentation, participants agree to be bound by the terms above. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP 2 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#3SPEAKERS Mr Eric Teng Straits Developments Pte Ltd CEO Dr Allen Tan The Straits Trading Company Ltd Head, Portfolio Management Ms Selina Ho The Straits Trading Company Ltd Head, Investors' Relations & Corporate Secretariat Head, Corporate Communications Mr James Kwie The Straits Trading Company Ltd Portfolio Manager, Portfolio Management STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP 3 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#4STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP 1 KEY INVESTMENT MERITS DIVERSIFICATION 4#5KEY INVESTMENT MERITS 1 Straits 5.0 - Multiple engines of growth along real estate value chain with operational synergies Greenfield and brownfield expansions via asset acquisitions and investments ■ Converting assets into investment products and platforms for new growth engines ■ Create investment opportunities to broaden investor base 2 Well-diversified business ensures operational stability and a consistent stream of recurring income ■ Offers investors recurring income and operational stability to weather the pandemic impact STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP 5 3 Proven strong track record in value creation via capital recycling ◉ 4 Capital recycling to crystalise gains and reinvest for higher returns Strong financial performance supported by robust business fundamentals ■ Strong track record of EBITDA and PATNCI growth and margins over the years Alignment of interest from shareholders Tecity Group holds a 74.2% stake in Straits Trading with material "skin-in-the-game" STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification 5 Highlight 2 Growth Highlight 3 Value Creation Highlight 4 Financials © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#61 STRAITS TRADING BUSINESS SEGMENTS OVERVIEW A conglomerate-investment company with diversified businesses STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Straits Developments Private Limited ("SDPL") 100% Stake Corporate and operational arm for the Group and property business, excluding SRE ARA Asset Management ("ARA") 19.0% effective Stake A global real estate and real asset fund manager STC Property Management ("STCPM") 100% Stake PROPERTY Developer of Straits City Project Penang Suntec REIT 2.8% Stake One of the largest commercial REITs in Singapore Straits Investment Management ("SIM") 100% Stake Fund management specialising in global real estate securities Straits Real Estate ("SRE") 100% Stake An investment vehicle seeking out real estate related opportunities globally RESOURCES Malaysia Smelting Corporation ("MSC") 52.0% Stake Largest independent custom tin smelter in the world HOSPITALITY Far East Hospitality Holdings ("FEHH") 30.0% Stake An established international hospitality owner and operator STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification Highlight 2 Growth Highlight 3 Value Creation Highlight 4 Financials 6 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#71 STRAITS TRADING BUSINESS SEGMENTS OVERVIEW SRE - Focused diversification driven by secular growth trends CHINA UNITED KINGDOM Chongqing Retail Mall S$173.9m Arenas Yeongjong Logistics S$200.2m KOREA JAPAN PROPERTY Straits Real Estate ("SRE") Key Investment Themes 1 2 Modern logistics portfolio in Australia and Korea geared to fulfil secular demand Warehouse retail portfolio in UK with COVID and e-commerce-resilient tenants Office properties with arbitrage/value- add upside in key cities of Japan, Australia and the UK Retail malls on sustainable domestic consumption in China and Malaysia 3 Bourne Business Park S$145.3m Suntec Place - Sanlin Mall S$214.6m Japan Value Fund II S$82.4m Anseong Logistics AUSTRALIA 4 Warehouse Retail Portfolio** MALAYSIA S$26.1m* 0000 Note: Figures represent SRE's pro-rata share of property value as of 30 June 2021 Figure for Anseong Logistics denotes acquisition of development land at cost ** Indicative acquisition pipeline Malaysia Retail Portfolio S$216.5m STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification hoc Phot Logistics Portfolio S$290.4m 45 St Georges Terrace, Perth S$67.8m 320 Pitt Street, Sydney $338.3m Highlight 2 Growth Highlight 3 Value Creation Highlight 4 Financials 7 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#81 STRAITS TRADING BUSINESS SEGMENTS OVERVIEW Predominantly income-generating and geographically diverse portfolio Development vs Income Generating Development (Equity) Allocation by Asset Class PROPERTY Straits Real Estate ("SRE") Allocation by Country China 29.2% Income O generating 90.0% 5.9% Development (Mezzanine) 4.1% ~90% income generating assets Retail 33.6% Logistics 28.9% Others 6.7% Malaysia 9.4% O Japan 8.4% Korea 9.5% Office/ Business Park 30.8% UK 8.3% Australia 35.2% Increasing exposure to future-ready and resilient sectors: modern logistics and business parks (1) Investment value weighted as of 30 June 2021 STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification 8 Highlight 2 Growth Highlight 3 Value Creation Highlight 4 Financials © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#91 STRAITS TRADING BUSINESS SEGMENTS OVERVIEW STCPM Straits City-Smart and sustainable integrated mixed-use development • • • • Straits City is an integrated mixed-use development, which includes offices, residential apartments, hotels, service apartments, and retail components over 40 acres of land. Situated in the historic Butterworth and overlooks Georgetown with sweeping views of the Penang Strait. Enabled by infrastructure, Straits City is poised to benefit from the positive spillover effects from Indonesia-Malaysia-Thailand Growth Triangle and Belt and Road initiatives. Strategically located within the largest integrated transport hub (Penang Sentral), that combines rail, road and sea infrastructure. Business Improvement Districts (BIDs) initiative to enhance Butterworth's urban amenities, including smart infrastructures will drive the growth of Seberang Perai's smart industries and add value to Straits City. • North Butterworth Container Terminal, which is 15 mins drive from Straits City was gazetted as a Free Trade Zone on Feb 1, 2021. PROPERTY STC Property Management ("STCPM") Key Developments Kicked off its first phase with a 356 rooms, 4-Star Hotel that sits on top of 3 storey quality retail space - 43,335 sq ft of NLA . • • Given its proximity to industrial parks, the hotel is positioned to meet the business traveller demand. Target completion of the hotel is in Q42022. When international travel returns, the hotel will meet the demand from both business and leisure travellers as well as domestic. Straits City Future City EXCEPTIONAL LOCATION WORLD-CLASS CONNECTIVITY LEGEND - Highway Sea 10KM Rail Air BATU Straits City STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification Highlight 2 Growth Highlight 3 Value Creation 9 Highlight 4 Financials © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#101 STRAITS TRADING BUSINESS SEGMENTS OVERVIEW SIM PROPERTY Straits Investment Management ("SIM") Straits Investment Management SIM is a global fund management firm with capabilities in equities, fixed income, and alternative investments The firm holds a Capital Markets Services (CMS) licence for fund management issued by the Monetary Authority of Singapore (MAS) SIM, a wholly owned subsidiary of Straits Trading Company, is uniquely able to leverage the resources of its parent Investment Philosophy • Real estate securities represent diversified ownership of properties Capital markets are generally efficient over the long term but can be significantly mispriced in the short term. Our focus is on finding these dislocations across different market capitalisations, sectors and geographies We seek to identify unique and compelling investment opportunities in the public markets that are believed to be undervalued, generate strong free cash flow, offer a solid balance sheet and provide a margin of safety STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification Highlight 2 Growth Highlight 3 Value Creation D Highlight 4 Financials 10 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#111 STRAITS TRADING BUSINESS SEGMENTS OVERVIEW MSC RESOURCES MSC Malaysia Smelting Corporation Berhad MSC Group Continued to be profitable in 1HFY21 despite disruptions arising from COVID-19 Tin mining net profit up 5-fold to RM36.2 million in 1HFY21 (1HFY20: RM6.6 million), while tin smelting reported a lower net loss of RM2.8 million (1HFY20: RM19.9 million) Well positioned to capitalise on strong tin price fueled by rising demand for tin solder in consumer electronics Key Developments Tin Mining Market Fundamentals • The tin market is entering a growth period supported by applications in new technologies and MSC provides direct exposure to the growing tin demand Metals Most Impacted by New Technologies Tin Lithium Cobalt Tin Smelting Silver Undertaking ongoing initiatives to raise mining productivity Pulau Indah smelter on track to be fully commissioned by early 2022 Nickel New initiatives have raised daily mining output to 11 tonnes/day in 1H21 from 9.5 tonnes/day in 2020 Explore new deposits and JV mining arrangements Outdated Butterworth Smelter New Port Klang Smelter TS FURNACE One-stop integrated process. running on Top Submerged Lance Improve production yield and capacity Gold Tungsten ISASMELT Smaller carbon Vanadium footprint Graphite Electric Vehicles • Renewables Electric Vehicles Robotics Renewables ■■Oil & Gas ■Energy Storage IT Other The main focus for tin is in the positive anode electrode of lithium-ion batteries The EV market is projected to reach 27.0 million units by 2030, at a CAGR of 21.1% Advanced Robotics The global market for robotics is expected to grow at a CAGR of c.26%, reaching US$210bn by 2025 Renewables will have the fastest growth in the electricity sector, providing c.30% of power demand in 2023, up from 24% in 2017 STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification Highlight 2 Growth Highlight 3 Value Creation Highlight 4 Financials 11 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#121 STRAITS TRADING BUSINESS SEGMENTS OVERVIEW ARA 2017 (at Privatisation) Jun 2021 GROSS ASSETS (S$ BILLION) PROPERTY ARA Asset Management ("ARA") 128 ~119 A premier real estate fund manager • AUM ~S$40 billion • Asia Pacific presence • REITS, Private Funds, REMS(1) 1,200+ employees LOGOS Deal of the Year (Asia) at the PERE Global Awards 2020 LOGOS participates in all aspects of the New Economy asset lifecycle AUM: US$17 billion A leading APAC real assets fund manager Gross Assets ~S$128 billion Asia Pacific, Europe and United States REITS, Private Funds, REMS, New Economy (2), Infrastructure, Credit and Real Estate Fintech 1,400+ employees ARA Venn . • Originates, underwrites and invests in private debt opportunities AUM and active mandates: ~US$13 billion 1st real estate manager in Asia to sign WorldGBC's Net Zero Building Carbon Commitment & received over 120 ESG Awards and Accolades • 36 26 29 CAGR ~30% ~88 ~80 59 DEC 14 DEC 15 DEC 16 DEC 17 DEC 18 DEC-19 DEC-20 JUN-21 Key Developments In 1H FY2021, ARA welcomed Sumitomo Mitsui Banking Corporation ("SMBC") as a new strategic investor via a US$500 million round of equity financing On 4th Aug 2021, ARA and ESR signed an agreement to merge The proposed transaction, when completed, will create APAC's largest real estate and real asset manager, and the third largest listed real estate asset manager globally with significant exposure to new economy real estate *(1) Real estate management services (2) Logistics and data centers STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification Highlight 2 Growth Highlight 3 Value Creation Highlight 4 Financials 12 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#131 STRAITS TRADING BUSINESS SEGMENTS OVERVIEW FEHH HOSPITALITY Far East HOSPITALITY 2013 and earlier 13 properties and >3,000 rooms -Owned Rendezvous Grand Hotel Singapore ("RGHS") & 4 Australian Hotels 13 management contracts & leases Post-JV on Nov 2013 Today JV with Far East Orchard with 30% stake in FEHH FEHH entered into 50- 50 JV with Toga Hotels Enlarged entity with >80 properties and >13,000 rooms Received S$68 million of FEH-Trust units and cash of S$217 million from injection of RGHS into FEH-Trust An international hospitality owner & operator Diverse portfolio of 10 unique complementary brands ~20,000 rooms across 105 hotels and serviced residences 9 countries Top 100 hotel companies by HotelsMag Key Developments Opened 4 hotels (986 keys) in Asia Pacific, 2002-2021 Strategic alliance agreement with the Artotel Group to tap on domestic tourism in Indonesia, Southeast Asia's largest new economy real estate market Focus on the transformation of its brands and operations as it grows its hospitality footprint STRAITS TRADING ESTABLISHED Highlight 1 Diversification 1887 A MEMBER OF THE TECITY GROUP Highlight 2 Growth Highlight 3 Value Creation Highlight 4 Financials 13 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#14STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP 2 KEY INVESTMENT MERITS GROWTH INITIATIVES 14#152 GROWTH INITIATIVES Straits 5.0 - Key milestones from 1880s to 2020s 1.0 1880s 3.0 5.0 2020s • Was the world's largest tin producer Renowned for its finest grade • Owns a majority stake in the world's third- largest tin producer, Malaysia Smelting Corporation Berhad Listed in Bursa in 1994 with the tin resource business comprising mining, smelting & trading 80 years 1990s Venture into Hospitality in 1994; trading as Rendezvous Hospitality Group in the Asia-Pacific market 20 years • Converting assets into investment products & platforms for new growth engines • To engage shareholders actively via Shareholders Club • Create investment opportunities to broaden investor base STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP 2.0 30 years- 1960s Diversified into investment & property development having purchased colonial properties back in 1923 2010s 10 years Refocusing the businesses into scalable assets & sustainable growth engines after the Tecity Group completed a successful takeover of Straits Trading in 2008 4.0 Highlight 1 Diversification Highlight 2 Growth Highlight 3 Value Creation Highlight 4 Financials 15 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#162 • GROWTH INITIATIVES Straits 5.0 ABOUT BENEFITS HAPPENINGS REGISTER LOGIN STRAITS TRADING LOTO Straits Trading Shareholders' Club Be engaged. A community for Straits Trading shareholders. DOIN THE CLUB Focused on New Economy Assets Logistics - Ventured into greenfield developments in Australia via build-to-suit opportunities to fulfil secular demand Warehouse Retail - Scaling up UK portfolio in warehouse retail Shareholders' Club The Shareholders' Club is a private community of investors who own at least 100 shares of The Straits Trading Company Ltd. Objectives • • Engage active shareholders as a community Enhance the level of knowledge in the company's businesses Enable co-investment opportunities • Securitisation of Assets Launch of investment products (i.e., participatory notes) Track record of value realization through working with the right partners like funds, family offices, financial institutions Actively on the look-out for opportunities to efficiently allocate capital for risk-adjusted returns STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification Highlight 2 Growth Highlight 3 Value Creation 16 Highlight 4 Financials © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#172 GROWTH INITIATIVES SRE - To grow from current S$2.0 billion to S$3.0 billion target Invested Assets in near term SRE's Growing Invested Assets Nurturing Platforms • S$967 million capital realised and re-deployed to date • S$886 million net capital invested as of June 2021 SRE's Investment Mandate Geared to accelerate investment in key sectors • Prefers investments in logistics, office and business parks driven by positive sector outlook • Actively evaluating deal pipeline with at least-double digit IRR INVESTED ASSETS (S$MILLION) 3,000 Logistics ACTIVE Retail Australia Development of built-to-suit facilities catering to MNCs' long- NOT ACTIVE CAGR 30.5% 1,669 1,861 151 2,015 79 term requirements ACTIVE NOT ACTIVE 1,405 Korea 318 1,217 Fulfilling growing demand for modern logistics facilities 113 984 955 109 159 93 1,936 MONITORING NOT ACTIVE 1,710 Japan 358 1,292 1,351 1,108 825 862 106 252 Office/Business Park ACTIVE Capitalising on pent-up demand for office space riding on post pandemic recovery MONITORING ACTIVE MONITORING Geared towards growing private consumption Acquire distressed assets via off- market access ACTIVE Office space in business parks and decentralized locations expected to gain traction post pandemic MONITORING ACTIVE UK T -172 -193 -234 -104 -264 Focus on warehouse retail parks with strong mix of defensive tenants ACTIVE 2014 2015 2016 2017 2018 2019 2020 HY2021 TARGET China Seeking local partners to develop geographically diversified Assets Invested Committed Investment Assets Divested portfolio STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification Highlight 2 Highlight 3 Growth Value Creation Highlight 4 Financials 17 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#182 GROWTH INITIATIVES SRE - To grow from current S$2.0 billion to S$3.0 billion target Invested Assets in near term Growth Strategy 1 - Further expansion into Asia Pacific logistics sector with Australia and South Korea as key markets • Logistics sector in Asia Pacific is poised to benefit from secular growth prospects spurred by COVID-19 Initial commitment of S$220 million. Portfolio expansion in Australia via build-to-suit development projects committed by blue-chip tenants Aggregated a portfolio of 10 properties (1) with total assets worth S$516.7 million (2), representing a 39% uplift since Dec 2020 SRE to double down on Australian and South Korean logistics assets AUSTRALIA Built-to-suit warehouses in South Australia and Victoria Coco-Cola Amatil 677 springvale Adelaide SOUTH KOREA Future-proof workplaces for post-COVID occupier requirements Collaboration with IGIS Asset Management, one of Korea's largest asset managers, to establish a portfolio that develops and manages modern logistics facilities to serve the populous Greater Seoul area Initial commitment of ~KRW104 billion (~S$120 million) Nexus North 885 Mountain Highway 320 Pitt Street (Sydney CBD) Owens-Illinois Glass Raytheon Melbourne Incitec Pivot 45 St Georges Terrace (Perth CBD) Sky Logis: A modern 6-storey ramp up logistics facility (1) See Appendix: Slide 34 and 35 for more information on SRE's logistics portfolio in Australia and South Korea 2) Figure represents SRE's pro-rata share of property value in Australia & Korea Logistics Portfolio as of 30 June 2021 STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification Highlight 2 Growth Highlight 3 Value Creation Anseong: Development of a mixed logistics facility (dry & cold storage) 18 Highlight 4 Financials © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#19• 2 GROWTH INITIATIVES SRE - To grow from current S$2.0 billion to S$3.0 billion target Invested Assets in near term. Growth Strategy 2 - Acquisition of warehouse retail parks in the UK SRE committed up to GBP 60 million (c. S$110 million) into an investment vehicle for the acquisition of warehouse retail park assets in key cities of the UK SRE will partner Savills Investment Management which has an established track record of investing and asset managing warehouse retail parks in the UK market A contrarian strategy of picking up strong income-producing assets and positioning for post-COVID recovery About Warehouse Retail Parks • Warehouse retail parks are open-air retail formats commonly found in city-fringe and out-of-town locations with strong arterial connectivity and large residential catchments • • • Characterized by expansive parking lots with direct access to storefronts, facilitating better social distancing for shoppers during the pandemic As most tenants are discount retailers, warehouse retail parks have remained competitive against online formats offering certain convenience advantages (e.g., same day shopping) as well as competitive pricing The emergence of click & collect helps to draw additional foot traffic to the properties and often result in additional on-site sales Investment Rationale • Well-located discount-led warehouse retail parks with the right tenant mix have outperformed other offline retail formats during the pandemic with footfall, rent collection, and vacancy rates • • A unique sub-sector that trades at a discount to pre-COVID level New strategy seeks to exploit the arbitrage between the strong operating performance and relatively depressed asset pricing STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification Highlight 2 Growth Highlight 3 Value Creation Highlight 4 Financials 19 © Copyright 2021.. The Straits Trading Company Limited. All rights reserved.#202 GROWTH INITIATIVES SRE - To grow from current S$2.0 billion to S$3.0 billion target Invested Assets in near term. Supported by Favourable Market Fundamentals Warehouse retail parks are more insulated from e-commerce with low penetration from online despite the pandemic As COVID-19 restrictions have progressively eased in the UK, footfall at warehouse retail parks has returned to pre-pandemic levels Share of sales 2020 (%) Online penetration 10% 0% 10% 20% 30% 40% Food & Grocery 87% Health & Beauty 84% DIY & Gardening 82% Homewares 74% Furniture & Floorcoverings 71% Clothing & Footwear 48% Books 26% Electricals 26% Entertainment 10% change in 2021 50% 60% 70% 80% 90% 100% -High Streets 13% +0.7% 15% 19 -1.0% 16% 2% +0.2% 23% 3% -0.3% 29% -1.4% Weekly footfall (vs pre-Covid levels) Shopping Centre 0% -10% -20% -30% -40% -50% -60% -70% 42% 9% -5.2% -80% 72% -90% -5.4% -100% 66% 8% -4.5% 89% -1.7% Stores sales Online ■Click & Collect and third party pick-up Source: GlobalData Warehouse retail trade focus STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification Highlight 2 Growth Wk3 18.01.2020 Wk1 04.01.2020 Wk5 01.02.2020 WK7 15.02.2020 Wk9 29.02.2020 Wk11 14.03.2020 Wk13 28.03.2020 Wk15 11.04.2020 Wk17 25.04.2020 Wk19 09.05.2020 Wk21 23.05.2020 Wk23 06.06.2020 Wk25 20.06.2020 Wk27 04.07.2020 Wk29 18.07.2020 Wk31 01.08.2020 Wk33 15/08/2020 Wk35 29/08/2020 Wk37 12/09/2020 Wk39 26/09/2020 Wk41 10/10/2020 Wk43 24/10/2020 Wk45 07/11/2020 Wk47 21/11/2020 Wk51 19/12/2020 Wk53 02/01/2021 Wk2 16/01/2021 Wk6 13/02/2021 Wk8 27/02/2021 Wk10 13/03/2021 Wk12 27/03/2021** Wk14 10/04/2021** Wk49 05/12/2020 Wk4 30/01/2021 Highlight 3 Value Creation Highlight 4 Financials 20 © Copyright 2021. The Straits Trading Company Limited. All rights reserved. Vs 2019 levels Wk16 24/04/2021** Wk18 08/05/2021** - Retail Parks ---UK average Source: Springborad#21STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP 3 KEY INVESTMENT MERITS VALUE CREATION 21#223 CAPITAL RECYCLING TRACK RECORD Key milestones from 1880s to 2020s ARA Straits Trading divested its stake in WBL for S$508.8 million in cash and Recycled capital into ARA for S$294 million Grew the AUM to S$128 billion Valued at S$1.14 billion (combination of cash and shares) in ESR merger STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification STB • Sold Straits Trading Building (STB) for S$450 million • Recycled $358 million into Straits Real Estate . . Today, SRE is a growing PERE investor with over S$2 billion in Invested Assets • Highlight 2 Growth Highlight 3 Value Creation FEHH Realised value of hospitality assets in Straits which includes: S$285 million for Rendezvous Singapore Entered into J.V. with Far East Orchard, taking a 30% stake in FEHH Transformed from wholly-owned portfolio with 3,000 rooms to a combined portfolio with close to 18,000 rooms Highlight 4 Financials 22 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#233 CAPITAL RECYCLING TRACK RECORD Proven track record across STC Key Sources of Straits Trading's Cashflow STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP 100 90 90 80 Cashflow from Multiple Sources (S$' million) ■Operating cashflow before working capital Dividend from investment securities & associates Interest received 94.5 81.4 10.4 20.6 35.8 70 70 56.3 60 60 3.9 50.7 50 50 41.0 9.5 39.5 38.5 40 40 3.0 29.2 17.6 30 20 20 37.0 48.9 5.1 8.2 32.3 1.4 47.2 10.2 35.6 36.3 23.0 22.3 20.7 .1.7 0 2014 10 23.2 5.4 2015 2016 Sale of Capital Recycled Straits Trading Building for S$450.0m Sale of SG residentials for S$95.3m Sale of 114 William Street for S$171.8m Highlight 1 Diversification 2017 2018 2019 2020 1H2021 Sale of Osaka Divestment of SDF for S$55.0m Divestment of GTOF for S$126.6m for S$83m, and SG residentials for S$24.0m Divestment of Japan residential portfolio for S$244.2m Sale of SG residentials for S$65.3m Highlight 2 Growth Highlight 3 Value Creation Highlight 4 Financials 23 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#243 CAPITAL RECYCLING TRACK RECORD Proven track record of SRE SRE's Robust ROE Track Record ROE TRACK RECORD (3) 2014 2015 2016 2017 2018 2019 2021H1 2020 12.5% 11.0% 8.9% 8.0% 7.2% -1.6% -3.0% Divested 114 William Street Divested Summit Development Fund Divested Greater Tokyo Office Fund Divested Osaka Residential Portfolio Divested Tokyo Residential Portfolio (1) ROE denotes return on equity and is computed based on SRE's PATNCI over average shareholder's funds (2) Average ROE from 2016-2021H1 23 (3) 2021H1 ROE is based on 1H PATNCI, unannualized STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification Highlight 2 Growth 12.2% Delivering Returns . • Consistently growing ROE(1) via active divestment and re-deployment Credible ROE in 2021 1H despite disruptions from COVID-19 Average ROE: 10.0% (2) Highlight 3 Value Creation Highlight 4 Financials 24 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#25CAPITAL RECYCLING RECYCLING TRACK RECORD 3 Realisation of STC's investment in ARA Transaction Overview • Straits Trading to roll-over its effective 19.0% (1) interest in ARA for total consideration of S$1,140.4million, comprising cash and securities of ESR Consideration Securities . The transaction was duly approved at ESR's EGM. Closing is expected by 4Q 2021 or 1Q 2022 The proposed transaction is NAV and EPS accretive Assume the proposed merger had been effected at end of June 2021, the Group's pro- forma NAV will increase by S$710.2 million or S$1.75/share to S$5.78 Cash Total Consideration + S$134.8 million(2) 214.7 million ESR shares worth $$1,005.7 million (with ESR share price at HK$27.00 per share(3)) Pro-forma NAV per Share (S$) Pro-forma EPS (S$ cents) Pro-forma Net Gearing (%) (Jun 2021) 60.0% 250.0 7.00 5.78 53.5% 199.2 50.0% 200.0 (20.8%) Assume the proposed merger had been effected at the beginning of 2021, the Group's pro-forma PATNCI will increase by S$687.9 million or S$1.69 / share to S$1.99 6.00 5.00 43.3% 4.03 Assume the proposed 4.00 merger had been pro-forma net gearing ratio will improve from 53.5% to 32.7% effected at the beginning of 2021, the Group's 3.00 2.00 1.00 1. This being the product of SE1's shareholding in ARAH (22.06%), ARAH's effective economic interest in 2. 3. ARAC (96.21%) and ARAC's shareholding in ARAB (89.38%) = 18.97% Based on an exchange rate of USD1.00:SGD1.349 Based on an exchange rate of SGD1.00:HKD5.764 STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification 150.0 100.0 561.1% 1 50.0 30.1 Before Proposed After Proposed Merger Merger 40.0% 30.0% 20.0% 10.0% 0.0 Before Proposed Merger After Proposed Merger Highlight 2 Growth Highlight 3 Value Creation 32.7% 0.0% Before Proposed Merger After Proposed Merger Highlight 4 Financials 25 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#26STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP 4 KEY INVESTMENT MERITS FINANCIAL HIGHLIGHTS 26#274 FINANCIAL SUMMARY Exceptional 1H FY2021 key highlights Robust half year performance demonstrates resilience of Straits Trading's strategy as a conglomerate-investment company • EBITDA of S$186.9 million in 1H FY2021, compared to EDITBA of • S$27.7 million in 1H FY2020 Real Estate Resources La Hospitality 1H FY2021: $168.9 million 1H FY2020: $36.6 million 1H FY2021: $15.5 million 1H FY2020: $0.5 million Continued to be affected by COVID-19 Divested two Good Class Bungalows above valuation, with total gross proceeds of S$65.3 million Launched The Straits Trading Shareholders' Club: Registered shareholders enjoy benefits and opportunities to grow and co-invest with the Group STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification Highlight 2 Growth Highlight 3 Value Creation ✓ Real estate portfolio continues to bolster position and drives. future earnings ✓ Prudent capital management to maintain financial flexibility and seize opportunities Highlight 4 Financials 27 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#284 200.00 150.00 FINANCIAL SUMMARY Strong financial position and prudent financial metrics 29% 100.00 23% 18% EBITDA 60% 1,250.00 45% 43% 40% 1,000.00 26% 23% 20% 750.00 Gearing 54% 60% 42% 39% 34% 40% 20% 50.00 119.1 85.8 133.4 165.1 133.8 27.7 186.9 619.8 768.7 864.5 870.1 1,188.5 1,154.2 0% 500.00 0% FY16 FY17 FY18 FY19 FY20 1H 20 1H 21 FY16 FY17 FY18 FY19 EBITDA (S$m) -0- EBITDA Margin (%) Total Borrowings (S$m) FY20 -O-Gearing (%) 1H 21 PATNCI Interest Coverage Ratio 40% 10.8x 50.00 11.0 120.00 9.0 40.00 23% 80.00 16% 17% 13% 10% 40.00 6.1x 6.0x 7.0 30.00 4.9x 4.5x 20% 3.8x 5.0 20.00 3.0 10.00 1.0 67.3 46.4 71.7 84.4 51.5 5.5 122.6 19.4 22.8 27.2 27.7 29.8 17.3 0% 0.00 -1.0 FY16 FY17 FY18 FY19 FY20 1H 20 1H 21 FY16 FY17 FY18 FY19 FY20 1H 21 PATNCI (S$m) -O-PATNCI Margin (%) Finance Cost (S$m) ―0-EBITDA/Finance Cost (x) STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification Highlight 2 Growth Highlight 3 Value Creation Highlight 4 Financials 28 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#294 FINANCIAL SUMMARY Strong financial position and prudent financial metrics Total Assets Dividend Record (Dividend per Share) (cents) $217.3m, 7% $2,304.3m, S$3.06 billion in total assets as of 30 Jun 2021 150 150.01 Sale of investments and marketable securities post strategic review 76% $371.4m, 81% 12% Real Estate from real estate and hospitality segments Segments Annualised Return As at Hospitality $162.6m, 5% 30 June 2021 (S$' million) SRE 19.7% SPECIAL (Cents) 100 4.0 4.0 4.0 4.0 4.0 Resources ARA 11.0% 100.0 2.0 2.0 2.0 50 Divested non- 50.0 core residential properties Divested WBL 0 7.0 6.0 6.0 6.0 6.0 6.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 FEHH (6.3)% FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Others* Resources 8.3% Others 2.4% Special -O-Interim NAV per Share (S$) * Others comprise mainly Group-level cash, securities portfolio REAL ESTATE ASSETS BREAKDOWN (S$ MILLION) 72.5 781.1 430.2 235.5 621.9 117.1 5.0 4.15 4.26 4.09 4.03 4.0 10 3.59 3.70 3.73 3.78 3.57 3.62 3.60 3.32 3.34 3.18 3.0 3.67 3.43 3.52 3.48 3.49 3.23 2.0 2.91 46.1 2.87 2.34 2.04 2.04 2.12 1.95 2.05 1.0 SRE Cash & Others ARA STC'S PROPERTY PORTFOLIO SUNTEC OTHER LIQUID ASSETS 0.0 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 1H21 ■Chongqing Mall, 45 St Georges Terrace, Bourne Business Park & Logistics assets Harmony III, JVF II, 320 Pitt St, Logistics JV in Korea, Suntec Place JV & investment in secured notes * Closing price as at the last trading day of the financial year/period NAV/Share (S$) Share Price (S$)* STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification Highlight 2 Growth Highlight 3 Value Creation Highlight 4 Financials 29 INTERIM (Cents) © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#304 EBITDA AND PATNCI BY BUSINESS SEGMENTS Real Estate portfolio driving the business forward EBITDA (S$ million) PATNCI (S$ million) 1H FY2020 1H FY2021 1H FY2020 1H FY2021 Real Estate Real Estate 122.6 186.9 145.5 22.5 23.7 13.6 15.5 11.0 0.5 101.9 27.7 13.6 8.5 23.7 9.5 4.6 5.5 (2.2) (4.9) (5.1) (1.8) (3.7) (2.3) i (2.3) (5.0) (5.2) (7.0) (11.9) SRE ARA SIM Resources Hospitality Corp. Expenses /Others Total SRE ARA SIM ¡ Resources Hospitality Corp. Expenses/ Others Total STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification Highlight 2 Growth Highlight 3 Value Creation Highlight 4 Financials 30 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#31STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP APPENDIX 31#32STRAITS TRADING'S SUCCESS STORY Redefining focus and making new investments • Monetised Straits Trading Building for S$450 million · SRE commenced maiden investment in China and Australia • SRE harvested its first investment 114WS SRE began acquiring residential properties in Japan • SRE doubled down on Japan office sector by subscribing into Savills Japan Value Fund II • SRE acquired logistics assets in Australia • ARA grew gross AUM to S$119 billion • SRE divested Japan residential portfolio and recycled capital into Bourne Business Park, UK Acquired JL family office's stake in SRE for S$105 million 2013 2014 2015 2016 2018 2017 2019 2020 2021 . . • Divested c. 41% stake in WBL and realised S$508 million in cash proceeds Acquired 20.1% stake in ARA Established SRE with Mr John Lim • SRE acquired 47.5% • Privatised ARA for S$1.8 billion for stake in Savills Greater Tokyo Office portfolio • SRE bought 114 William St (114WS) in Melbourne • accelerated expansion Launched NikkoAM-Straits Trading REIT ETF • SRE acquired 320 Pitt Street in Sydney and 45 St Georges Terrace in Perth SRE entered into logistics market in Korea and further expanded Australia portfolio ARA grew gross AUM to S$87 billion • ESR-ARA merger • announced Expect to receive S$1.14 billion in cash & share consideration STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP 32 © Copyright 2021.. The Straits Trading Company Limited. All rights reserved.#33STRAITS TRADING PORTFOLIO SUMMARY Straits Real Estate (SRE) Key Components Chongqing Retail Mall 45 St Georges Terrace, Perth Bourne Business Park Australia Logistics Portfolio 320 Pitt Street, Sydney Korean Logistics Malaysia Retail Portfolio (Harmony III) Suntec Place - Sanlin Mall (Shanghai) Japan Value Fund II Project Aspire ARA Asset Management Straits Trading's Property Portfolio Hospitality (Far East Hospitality Holdings) Malaysia Smelting Corp (MSC) Suntec REIT units Singapore Residential Portfolio Butterworth Land, Penang Source: MSC's 1Q FY21 press release, regulatory announcements and press articles on its website STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Listed Real Estate Straits Investment Management (SIM) Actively managed (accredited investors): Straits Global Property Separate Managed Accounts Unlisted Real Estate Straits Real Estate (SRE) 33 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#34SRE: LOGISTICS PORTFOLIO AUSTRALIA Built-to-suit warehouses in South Australia and Victoria Established a development and ownership platform with local developer Commercial & General on a 80:20 basis 2018 • June 2021 • 5 properties (AUD137.5 million)* Blue-chip tenants 8 properties (AUD290.4 million)* ~99% occupancy (for operating assets) Long WALE of 8.3 years The build-to-suit portfolio capitalises on significant pre- commitments from blue-chip tenants to de- risk the developments Incitec Pivot STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Coca-Cola Amatil 677 Springvale Adelaide Nexus North 885 Mountain Highway Owens-Illinois Glass Raytheon Melbourne Future-proof workplaces for post-COVID occupier requirements 320 Pitt Street (Sydney CBD) 45 St Georges Terrace (Perth CBD) • Recently secured the Commonwealth Government as anchor tenant on a 10-year lease • The property achieved 100% committed occupancy • • Actual occupancy at 95% Leasing inquiries have picked up along steady recovery of mining activities in Western Australia 34 © Copyright 2021.. The Straits Trading Company Limited. All rights reserved.#35SRE: LOGISTICS PORTFOLIO SOUTH KOREA Sky Logis A modern 6-storey ramp up logistics facility Anseong Development of a mixed logistics facility (dry & cold storage) Location GFA Incheon, 8 km from Incheon International Airport ~190,000 m² Location Anseong-si, Gyeonggi-do, 45km south of Seoul GFA ~126,000 m² Status Committed occupancy exceeds 90% with Lotte Global Logistics being the anchor tenant Status Completed land acquisition STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP 35 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#36CAPITAL RECYCLING TRACK RECORD Proven track record of SRE SRE's Divestment of 114 William Street Acquisition Asset Enhancement • • Harvest . 26-storey office building situated in the Melbourne CBD Acquired in August 2015 for approximately S$125.1million (A$125.0million) Asset enhancement works, together with active leasing strategy, resulted in significant improvements in occupancies, WALE and yield Divested for approximately S$171.8million (A$161.5million) in November 2016 Achieved IRR of 24.6% and EM of 1.39x SRE's Divestment of the Greater Tokyo Office Fund Successful divestment of the Greater Tokyo Office Fund (GTOF) • In June 2015 SRE acquired 47.5% stake in a portfolio of office properties in greater Tokyo at higher-than-market yields via off-market deals Follow-up fund with updated strategy Establishment of Japan Value Fund II (JVF II) Redeployed capital into a larger portfolio with a committed capital of JPY8.Obn in June 2018 Portfolio fully divested in FY2018; crystalised valuation gains of S$35.0million, representing asset-level IRR of 19.0% and EM of 1.4 times. Updated mandate to acquire office and other assets in the Greater Tokyo and other key cities in Japan STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP 114 William Street, Melbourne • Investment return far exceeded target returns Portfolio under active asset reconstitution to realise value and capture market opportunities 36 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#37HIGHLY EXPERIENCED BOARD AND MANAGEMENT TEAM Quality board of directors (1/2) Name and Designation CHEW GEK KHIM, PJG Executive Chairman Past Experience . Chairman of The Straits Trading Company Limited since 24 April 2008 . Executive Chairman of the Tecity Group • Board member of ARA Asset Management Holdings Pte. Ltd. and Singapore Exchange Limited • • CHEW GEK HIANG Non-Independent and Non-Executive Director GOH KAY YONG DAVID Non-Independent and Non-Executive Director TAN TIONG CHENG Independent and Non-Executive Director STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP • • • . • • Chairman of Malaysia Smelting Corporation Berhad and ARA Trust Management (Suntec) Limited Awarded the Chevalier de l'Ordre National du Mérite in 2010, the Singapore Businessman of the Year 2014 in 2015, and the Meritorious Service Medal at the National Day Awards in 2016 A lawyer by training Executive Director and Head of Finance of the Tecity Group Joined Ernst & Young (London) in 1987 to pursue chartered accountancy, and was admitted to the Institute of Chartered Accountants in England and Wales in October 1990 An accountant by training • Chief Investment Officer and Chief Strategist of the Tecity Group . Director of Stewardship Equity Pte Ltd, Commonwealth Capital Pte. Ltd. and Project Chulia Street Limited. Holds a Bachelor of Arts (Hons) degree in Economics from York University, Canada; a Master of Science in Management (System Dynamics, Finance and Strategy) from Massachusetts Institute of Technology's Sloan School of Management A CFA Charter holder Served as the Senior Advisor to Knight Frank Pte Ltd until 31 March 2020, was the Executive Chairman of Knight Frank Pte Ltd's Group of Companies until 31 March 2017 and President of Knight Frank Asia Pacific Pte Ltd until 31 March 2019 Independent and Non-Executive Director of UOL Group Limited and a Member of its Audit and Risk Committee Lead Independent Director, Chairman of the Remuneration Committee and a Member of the Audit Committee and Nominating Committee of Heeton Holdings Limited. Non-Executive Independent Director of Amara Holdings Limited and the Chairman of its Remuneration Committee A Licensed Appraiser 37 The Straits Trading Company Limited. © Copyright 2021. All rights reserved.#38HIGHLY EXPERIENCED BOARD AND MANAGEMENT TEAM Quality board of directors (2/2) Name and Designation CHIA CHEE MING, TIMOTHY Lead Independent Director Past Experience . Chairman of Hup Soon Global Corporation Private Limited • Board member of Banyan Tree Holdings Ltd, Fraser and Neave, Limited, Singapore Power Limited, Vertex Venture Holdings Ltd, Ceylon Guardian Investment Trust PLC, Ceylon Investment PLC, Malaysia Smelting Corporation Berhad and Thai Beverage Public Company Limited Bachelor of Science cum laude, majoring in Management from Farleigh Dickinson University in the United States of America TAN CHIAN KHONG Independent and Non-Executive Director • Approximately 35 years of experience in the audit industry • . Independent Non-Executive Director of Alliance Bank Malaysia Berhad, listed on Bursa Malaysia, Xinghua Port Holdings Ltd, listed on the Hong Kong Stock Exchange, Hong Leong Asia Ltd and CSE Global Limited. Board member of Casino Regulatory Authority of Singapore and SMRT Corporation Ltd, and volunteers as the Honorary Executive Director of Trailblazer Foundation Ltd • A Fellow of CPA Australia and the Institute of Singapore Chartered Accountants CHUA TIAN CHU Independent and Non-Executive Director . Former Deputy Chief Executive Officer of Meritus Hotels & Resorts and was the Executive Vice President of International Sector and Greater China Region, as well as Head, Global Financial Institutions Group of United Overseas Bank Limited, and Managing Director and Head of Investment Finance of Citigroup Private Bank (Asia Pacific Region) as well as Head of Citigroup Corporate Banking in Singapore. Also formerly the Managing Director and Group Chief Executive Officer of Far East Orchard Limited (then known as Orchard Parade Holdings Limited) Master in Business Administration and a Bachelor Degree in Civil Engineering from the National University of Singapore STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP 38 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#39HIGHLY EXPERIENCED BOARD AND MANAGEMENT TEAM Experienced management team (1/2) Name and Designation ERIC TENG BBM, PBM CEO, Straits Developments Private Limited Past Experience • • • . Responsible for the Group's property business, except for those under the purview of Straits Real Estate since 2019 Former CEO and Executive Director of SGX-listed Heeton Holdings Limited and Straits Trading's Property and Hospitality divisions (2010-2013) Advisor to the Tecity Group and Tan Chin Tuan Foundation Over 30 years of experience in marketing, communications, property and hospitality DESMOND TANG CEO, Straits Real Estate Pte. Ltd. DATO' DR. IR. PATRICK YONG CEO, Malaysia Smelting Corporation Berhad STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP • MBA from the NUS Business School CEO of Straits Real Estate since February 2014 • Former Managing Director and Co-Head at Alpha Investment Partners • Former Managing Director at Growth Path Capital Private Limited which he co-founded • More than 28 years of experience in real estate investment and management • Bachelor of Science (Honours) degree in Real Estate from the National University of Singapore Master of Applied Finance degree from Macquarie University. • CEO of the Malaysia Smelting Corporation since 2016 • Leads its strategic development and policies, and business operations • . Former CEO of Yokohama Industries Berhad (2010 to 2015) managing a secondary lead smelter and SLI battery manufacturing Former CEO of Tai Kwang Yokohama Industries Berhad (2007 to 2010) Bachelor of Science (Honours) in Electrical and Electronics Engineering and a PhD in Electrical Engineering 39 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#40HIGHLY EXPERIENCED BOARD AND MANAGEMENT TEAM Experienced management team (2/2) Name and Designation MANISH BHARGAVA CEO, Straits Investment Management Pte. Ltd. Past Experience • Former Head of Asia at APN's Asian Real Estate Securities business and the dedicated Fund Manager for APN's Asian REIT strategies • CEO of Straits Investment Management Pte. Ltd. since 2019 • More than 18 years in Real Estate investment experience as a Fund Manager responsible for investing in global real estate securities • Previous worked at Tiedemann Investment Group, Starwood Capital Group and European Investors Inc. • Masters in Accounting/Management Information Systems from Oklahoma State University TAN HWEI YEE CEO, STC Property Management Sdn. Bhd. JOYCE TAN WEI TZE Group Financial Controller GOH YAH HUAY Group Treasurer STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP • CEO of STC Property Management Sdn. Bhd. since 2019 • • • • More than 15 years in the Real Estate industry in developing and managing properties in Singapore and Malaysia Bachelor of Civil Engineering (NTU), Master of Science in Environment Engineering (NUS), Master in Real Estate and Master in Business Administration (NUS) Group Financial Controller since 31 December 2020 Over 24 years of experience in finance, accounting, tax, treasury, investment banking and corporate finance Bachelor of Science (Honours) in Accounting from the University of Hull, United Kingdom, and is a Fellow of the Institute of Chartered Accountants in England and Wales and a member of the HK Institute of Certified Public Accountants. • Group Treasurer since January 2018 • Director of Finance at Straits Real Estate • Over 20 years of experience in Accounting, Controllership, Treasury, Financial Planning and Analysis • Bachelor of Accountancy from Nanyang Technological University and a Chartered Accountant of Singapore since 1998 40 © Copyright 2021. The Straits Trading Company Limited. All rights reserved.#41STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP THANK YOU 41 © Copyright 2021. The Straits Trading Company Limited. All rights reserved. | Confidential.