First REIT 4Q DPU 1.92 Cents

Bowsprit Capital Corporation Limited ("Bowsprit"), the Manager of First Real Estate Investment Trust ("First REIT"), Singapore’s first healthcare real estate investment trust, today reported a stable distributable income of S$5.3 million for the fourth quarter ended 31 December 2009 ("4Q 2009") – similar to that achieved last year.

4Q 2009 distribution per unit ("DPU") remained steady at 1.92 Singapore cents. Based on its closing price of S$0.860 on 20 January 2010 and the annualised DPU of 7.62 Singapore cents, First REIT registered a healthy distribution yield of 8.86% for the period.