February 8, 2018

Parkway Life REIT announced the acquisition of a nursing rehabilitation facility, Konosu Nursing Home Kyoseien, for a negotiated consideration of JPY1,500 million (approximately S$17.8 million). The acquisition is yieldaccretive, at net property yield of 6.7%. The acquisition is expected to be completed in the first quarter of 2018 and will bring the REIT’s portfolio to 50 properties with a total value of S$1.75 billion. Share price closed at S$2.810