Manulife US Real Estate Investment Trust announced that with effect from 17 June 2024, Ms Veronica Julia McCann would have served on the Board of the Company for a continuous period of 9 years and would cease to be an Independent Director of the Company pursuant to the Securities and Futures (Licensing and Conduct of Business) Regulations. Having considered the recommendation of the Nomination and Remuneration Committee ("NRC"), the Board concurred with the NRC and concluded and approved that Ms Veronica Julia McCann has the requisite experience, qualification and competencies to continue to provide insights and support to the Board. As such, Ms Veronica Julia McCann will be re-designated as Non-Independent Non-Executive Director of the Company with effect from 17 June 2024.

Following her re-designation as Non-Independent Non-Executive Director, Ms Veronica Julia McCann will step down as the Audit And Risk Committee (ARC) Chair with effect from 17 June 2024 but will continue to be a member of the ARC. Professor Koh Cher Chiew Francis will be appointed as the ARC Chair with effect from 17 June 2024. Consequent to the above, the composition of the Board and the ARC will be as follows: Board of Directors: Mr. Marc Lawrence Feliciano - Chairman and Non-Executive Director; Professor Koh Cher Chiew Francis - Independent Non-Executive Director,Lead Independent Director; Ms Karen Tay Koh - Independent Non-Executive Director; Dr. Choo Kian Koon - Independent Non-Executive Director; Ms Veronica Julia McCann - Non-Independent Non-Executive Director.

Audit and Risk Committee; Professor Koh Cher Chiew Francis ? Chair; Ms Veronica Julia McCann - Member; Mrs. Karen Tay Koh ? Member.