On 22 August 2024, the Board of Directors of Hektar Asset Management Sdn Bhd ("Board"), being the management company of Hektar REIT ("Manager"), is pleased to announce the distribution of 1.90 sen per unit for the second quarter ended 30 June 2024 ("2024 Interim Income Distribution").

For the 2024 Interim Income Distribution, the following withholding tax rates will be applicable to the respective types of unitholders:-

1. Resident individual (withholding tax at 10%)

2. Non-resident individual (withholding tax at 10%)

3. Foreign institutional investors (withholding tax at 10%)

4. Others-resident and non-resident (withholding tax at 10%)

5. Resident companies (subject to prevailing corporate tax at 24%)

6. Non-resident companies (withholding tax at 24%)

The Board has also determined the income distribution reinvestment plan ("IDRP") shall apply to the entire 2024 Interim Income Distribution, where the gross electable portion will be the entire 1.90 sen per unit (bound by respective withholding tax rates) ("Electable Portion").

Accordingly, under the IDRP, unitholders would have the option to elect to reinvest, in whole or in part, the 2024 Interim Income Distribution in new units instead of receiving them in cash. If a unitholder elects not to participate in the IDRP, then the Electable Portion will be paid wholly in cash.

The issue price of the new units as well as the date of entitlement and date of payment in respect of the 2024 Interim Income Distribution will be determined and announced in due course.

This announcement is dated 22 August 2024.