1 The investment manager of the HAUT (the “HAUT Manager”) is FLT Australia Management Pty Ltd, a wholly-owned subsidiary of the REIT Manager incorporated in Australia.
2 The REIT Trustee directly holds 50% of the issued units in the HAUT, and the remaining 50% is held by FLT Australia Pte. Ltd. (a Singapore-incorporated company that is wholly-owned by the REIT Trustee). Under the Australian Corporations Act, an Australian MIT must be held by at least two unitholders.
3 The trustee of the HAUT (the “HAUT Trustee”) is Frasers Property Funds Management Limited, an Australian incorporated company and a wholly-owned subsidiary of FPA, which is in turn wholly-owned by FCL. The HAUT Trustee holds an Australian financial services licence and is a regulated entity in Australia.
4 The FLT Portfolio is held by FLT through the HAUT which holds the various wholly-owned sub-trusts in Australia (the “Sub-Trusts”).
5 The trustees of the various Sub-Trusts are Australian incorporated companies and are wholly-owned by FLT (the “Sub-Trust Trustees”, and each a “Sub-Trust Trustee” as trustee of its respective Sub-Trust).
6 The property manager for the FLT Portfolio is Frasers Property Australia Management Services Pty Limited (the “Australian Property Manager”), a wholly-owned subsidiary of FPA, which is in turn wholly-owned by FCL.