Usage of first reits rights

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_640F68891519920348257809003EF130/$file/MRCCC_Use_of_proceeds_announcement_Final.pdf?openelement

Manager is pleased to announce that out of the net proceeds of the Rights Issue of
S$167.3 million, S$121.7 million has been used towards part financing the MRCCC
Acquisition. Such use is in accordance with the stated use and in accordance with the
percentage of the net proceeds of the Rights Issue allocated to such use. The remainder
of the cost of the MRCCC Acquisition will be financed by way of a transferable term loan of
up to S$50.0 million for a term of four years from Oversea-Chinese Banking Corporation
Limited.


First reits closed at 70.5 cents