Dasin Retail Trust’s Private Placement Was 1.2 Times Subscribed

June 29, 2020 — Dasin Retail Trust announced that its private placement was 1.2 times subscribed and was “well-supported” by new investors and existing Unitholders.

The issue price per New Unit under the Private Placement has been fixed at S$0.78 per New Unit as agreed between the Trustee-Manager and the Joint Bookrunners following a book-building process.The Issue Price represents a discount of:

(i)  approximately 6.0% to the volume weighted average price (“VWAP“) of S$0.83 per Unit of all trades in the Units done on Singapore Exchange Securities Trading Limited (the”SGX-ST“) for the preceding Market Day1 on 25 June 2020, up to the time the Placement Agreement was signed on 26 June 2020; and

(ii)  (for illustrative purposes only) approximately 3.5% to the adjusted VWAP2 of S$0.80835 per Unit.A total of 120,512,000 New Units will be issued pursuant to the Private Placement. The gross proceeds of the Private Placement will be approximately S$94.0 million (the “Gross Proceeds“).

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