Elite UK REIT Divests Hilden House at a Premium Price

Elite UK REIT Management Pte. Ltd., the managing entity for Elite UK REIT, has officially announced the sale of Hilden House located at Winmarleigh Street, Warrington, WA1 1LA. This significant move involves a sale agreement amounting to £3,281,500, which notably represents a 6% premium over the property’s independent valuation of £3,100,000 as of June 30, 2024.

Key details of the transaction include:

• Sale Consideration: £3,281,500, providing a premium over the recent valuation.
• Use of Proceeds: The net proceeds from this divestment will be directed towards debt repayment.
• Property Status: Hilden House is currently vacant, ensuring no disruption to tenant operations.
• Financial Impact: The divestment is not expected to materially impact Elite UK REIT’s net asset value or distribution per unit for the fiscal year ending December 31, 2024.

Investors and shareholders should be aware that such strategic divestments can influence the trust’s financial health and potentially affect share values. The premium achieved in this sale might signal strong asset management capabilities, possibly leading to positive market reactions.

By Order of the Board of Directors,

Liaw Liang Huat Joshua
Chief Executive Officer
Elite UK REIT Management Pte. Ltd.

Date: November 27, 2024

Important Notice

This announcement is intended for informational purposes only. It does not constitute a solicitation or offer to purchase or subscribe to units in Elite UK REIT in Singapore or elsewhere. Potential investors should be aware that the value of units and the income derived may fluctuate, and there are inherent investment risks, including the potential loss of the principal amount invested. Securities trading on the SGX-ST does not guarantee market liquidity.