|Announcement Title||Change - Announcement of Cessation|
|Date & Time of Broadcast||Jun 1, 2018 22:23|
|Announcement Sub Title||Retirement of Chief Financial Officer|
|Submitted By (Co./ Ind. Name)||Anthony Ang Meng Huat|
|Designation||Chief Executive Officer|
|Description (Please provide a detailed description of the event in the box below)||Retirement of Chief Financial Officer
DBS Bank Ltd. is the sole financial adviser and issue manager to the Offering (the "Sole Financial Adviser and Issue Manager"). DBS Bank Ltd. and Bank of China Limited, Singapore Branch are the joint global coordinators to the Offering (collectively, the "Joint Global Coordinators"). DBS Bank Ltd., Bank of China Limited, Singapore Branch, China International Capital Corporation (Singapore) Pte. Limited, Citigroup Global Markets Singapore Pte. Ltd., Credit Suisse (Singapore) Limited, Haitong International Securities (Singapore) Pte. Ltd. and Maybank Kim Eng Securities Pte. Ltd. are the joint bookrunners and underwriters to the Offering (collectively, the "Joint Bookrunners and Underwriters").
|Name Of Person||Richard Tan Liat Chew|
|Is effective date of cessation known?||Yes|
|If yes, please provide the date||01/06/2018|
|Detailed Reason (s) for cessation||Mr Richard Tan Liat Chew retired from his position as Chief Financial Officer and shall remain as an advisor to Sasseur Asset Management Pte. Ltd. (as Manager of Sasseur Real Estate Investment Trust) with effect from 1 June 2018.|
|Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?||No|
|Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?||No|
|Any other relevant information to be provided to shareholders of the listed issuer?||No|
|Date of Appointment to current position||15/03/2017|
|Does the AC have a minimum of 3 members (taking into account this cessation)?||Yes|
|Number of Independent Directors currently resident in Singapore (taking into account this cessation)||3|
|Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)||Chief Financial Officer ("CFO")|
|Role and responsibilities||To work with the Chief Executive Officer and the Manager's Management to formulate strategic plans for Sasseur REIT in accordance with the Manager's capital management strategy. The CFO is responsible for finance-related matters, including corporate finance, financial planning, accounting, budgetary controls, treasury, tax, and audit, internal controls and compliance reporting.|
|Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries||None|
|Shareholding interest in the listed issuer and its subsidiaries?||No|
|Past (for the last 5 years)||Please see Appendix 1 attached.|
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In particular, the units of Sasseur Real Estate Investment Trust ("Sasseur REIT") have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the U.S. Securities Act. The units of Sasseur REIT are only being offered outside the United States in reliance on Regulation S under the U.S. Securities Act.
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