Investor RelationsInsider Trades

Insider Trades Filter

Quotes Delayed 10 Minutes
Updated: 05 Aug 2021 17:06
SGX Symbol:
MXNU
Last Done:
0.680
Change:
-
Day's Range:
0.675 - 0.680
Currency:
£
Volume ('000):
620.1
% Change:
-
52 Weeks' Range:
0.610 - 0.680
Announce Date [Date of Effective Change] Buyer/ Seller Name [Type*] S/ W/ U ** Bought/ (Sold) ('000) Price ($) After Trade Note
No. of Shares ('000) *** % Held ***
03/08/21
[02/08/21]
Victor Song Chern Chean [DIR] S/U 1,098  - 7,996 1.70 Note
Remarks
Elite Commercial REIT Management Pte. Ltd., as manager of Elite Commercial REIT, received 1,098,450 units at 0.6585 per unit as payment of 100.0% of the base fee component of its management fee and its lease management fee in respect of the initial IPO portfolio of 97 properties for the period from 1 April 2021 to 30 June 2021. Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 7995548 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 1.70000000 (Deemed Interest)
Mr. Victor Song Chern Chean ("Victor") holds 22.5% of the share capital of Elite Partners Holdings Pte. Ltd. ("EPH"), which holds 296,300 Units in Elite Commercial REIT. EPH holds 68% of the share capital of Elite Commercial REIT Management Pte. Ltd. (the "Manager"), which holds 7,699,248 Units in Elite Commercial REIT. Therefore, Victor is deemed to be interested in 7,995,548 Units held by EPH and the Manager. The percentage of unitholding set out above before and after the change is calculated based on 470,265,105 and 471,363,555 outstanding Units respectively. Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
03/08/21
[02/08/21]
Tan Hai Peng Micheal [DIR] S/U 1,098  - 44,246 9.39 Note
Remarks
Elite Commercial REIT Management Pte. Ltd., as manager of Elite Commercial REIT, received 1,098,450 units at 0.6585 per unit as payment of 100.0% of the base fee component of its management fee and its lease management fee in respect of the initial IPO portfolio of 97 properties for the period from 1 April 2021 to 30 June 2021. Immediately after the transaction
No. of ordinary voting shares/units held: 147095 (Direct Interest); 44098637 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.03000000 (Direct Interest); 9.36000000 (Deemed Interest)
Mr. Tan Hai Peng Micheal ("Micheal") holds 35.975% of the share capital of Teck Lee Holdings Pte. Ltd. ("TLH"). TLH holds 81.25% of the share capital of Ho Lee Group Pte. Ltd. ("HLG"). HLG holds 50% of the share capital of Elite Partners Holdings Pte. Ltd. ("EPH"), which holds 296,300 Units in Elite Commercial REIT. EPH holds 68% of the share capital of Elite Commercial REIT Management Pte. Ltd. (the "Manager"), which holds 7,699,248 Units in Elite Commercial REIT. Therefore, Micheal is deemed to be interested in 7,995,548 Units held by EPH and the Manager. Ho Lee Group Trust ("HLGT") holds 35,882,406 Units. Micheal is a beneficiary of HLGT, and therefore is deemed to be interested in the 35,882,406 Units held by HLGT. Micheal is also deemed interested in the 220,683 Units held by his wife, Kan Phui Lin. The percentage of unitholding set out above before and after the change is calculated based on 470,265,105 and 471,363,555 outstanding Units respectively. Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
03/08/21
[02/08/21]
Elite Commercial REIT Management Pte. Ltd. (the "Manager") [TMRP] S/U 1,098  0.658 7,699 1.63 Note
Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer Immediately after the transaction
No. of ordinary voting shares/units held: 7699248 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 1.63000000 (Direct Interest); 0.00000000 (Deemed Interest)
The Manager received 1,098,450 units ("Management Fee Units") at 0.6585 per Management Fee Unit. The Management Fee Units have been issued as payment of 100% of the Manager's Base Fee, and Lease Management Fee in respect of the initial IPO portfolio of 97 properties (collectively "Management Fee") for the period from 1 April 2021 to 30 June 2021. The issue price per Management Fee Unit is the volume weighted average price for a Unit for all trades done on the Singapore Exchange Securities Trading Limited in the ordinary course of trading for the last ten business days for the period ended 30 June 2021. The percentage of unitholding set out above before and after the change is calculated based on 470,265,105 and 471,363,555 outstanding Units respectively. Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
11/05/21
[07/05/21]
Tan Hai Seng Benjamin [SSH] S/U 764  - 42,780 9.10 Note
Remarks
Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 42779504 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 9.10000000 (Deemed Interest)
Mr. Tan Hai Seng Benjamin holds 35.975% of the share capital of Teck Lee Holdings Pte. Ltd. ("TLH"). TLH holds 81.25% of the share capital of Ho Lee Group Pte. Ltd. ("HLG"). HLG holds 50% of the share capital of Elite Partners Holdings Pte. Ltd. ("EPH"), which holds 296,300 Units in Elite Commercial REIT. EPH holds 68% of the share capital of Elite Commercial REIT Management Pte. Ltd. (the "Manager"), which holds 6,600,798 Units in Elite Commercial REIT. Therefore, Tan Hai Seng Benjamin is deemed to be interested in 6,897,098 Units held by EPH and the Manager.

Ho Lee Group Trust ("HLGT") holds 35,882,406 Units. Tan Hai Seng Benjamin is a beneficiary of HLGT and is therefore, deemed to be interested in the 35,882,406 Units held by HLGT.

Mr. Tan Hai Seng Benjamin is the son of Mr. Tan Thuan Teck.

Elite Commercial REIT Management Pte. Ltd., as manager of Elite Commercial REIT, received 764,274 units at 0.6646 per unit as payment of 100.0% of the base fee component of its management fee and its lease management fee in respect of the initial IPO portfolio of 97 properties for the period from 1 January 2021 to 31 March 2021.

The percentage of unitholding set out above before the change is calculated based on 469,500,831 outstanding Units.

The percentage of unitholding set out above after the change is calculated based on 470,265,105 outstanding Units.

Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
11/05/21
[07/05/21]
Tan Thuan Teck [SSH] S/U 764  - 42,780 9.10 Note
Remarks
Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 42779504 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 9.10000000 (Deemed Interest)
Mr. Tan Thuan Teck holds 21.3% of the share capital of Teck Lee Holdings Pte. Ltd. ("TLH"). TLH holds 81.25% of the share capital of Ho Lee Group Pte. Ltd. ("HLG"). HLG holds 50% of the share capital of Elite Partners Holdings Pte. Ltd. ("EPH"), which holds 296,300 Units in Elite Commercial REIT. EPH holds 68% of the share capital of Elite Commercial REIT Management Pte. Ltd. (the "Manager"), which holds 6,600,798 Units in Elite Commercial REIT. Therefore, Tan Thuan Teck is deemed to be interested in 6,897,098 Units held by EPH and the Manager.

Ho Lee Group Trust ("HLGT") holds 35,882,406 Units. Tan Thuan Teck is a beneficiary of HLGT and is therefore, deemed to be interested in the 35,882,406 Units held by HLGT.

Mr. Tan Thuan Teck is the father of Mr. Tan Hai Seng Benjamin. Mr. Tan Thuan Teck is deceased and his deemed interest in Elite Commercial REIT is currently held in his estate.

Elite Commercial REIT Management Pte. Ltd., as manager of Elite Commercial REIT, received 764,274 units at 0.6646 per unit as payment of 100.0% of the base fee component of its management fee and its lease management fee in respect of the initial IPO portfolio of 97 properties for the period from 1 January 2021 to 31 March 2021.

The percentage of unitholding set out above before the change is calculated based on 469,500,831 outstanding Units.

The percentage of unitholding set out above after the change is calculated based on 470,265,105 outstanding Units.

Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
11/05/21
[07/05/21]
Victor Song Chern Chean [DIR] S/U 764  - 6,897 1.47 Note
Remarks
Elite Commercial REIT Management Pte. Ltd., as manager of Elite Commercial REIT, received 764,274 units at 0.6646 per unit as payment of 100.0% of the base fee component of its management fee and its lease management fee in respect of the initial IPO portfolio of 97 properties for the period from 1 January 2021 to 31 March 2021.

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 6897098 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 1.47000000 (Deemed Interest)
Mr. Victor Song Chern Chean ("Victor") holds 22.5% of the share capital of Elite Partners Holdings Pte. Ltd. ("EPH"), which holds 296,300 Units in Elite Commercial REIT. EPH holds 68% of the share capital of Elite Commercial REIT Management Pte. Ltd. (the "Manager"), which holds 6,600,798 Units in Elite Commercial REIT. Therefore, Victor is deemed to be interested in 6,897,098 Units held by EPH and the Manager.

The percentage of unitholding set out above before the change is calculated based on 469,500,831 outstanding Units.

The percentage of unitholding set out above after the change is calculated based on 470,265,105 outstanding Units.

Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
11/05/21
[07/05/21]
Tan Hai Peng Micheal [DIR] S/U 764  - 43,147 9.17 Note
Remarks
Elite Commercial REIT Management Pte. Ltd., as manager of Elite Commercial REIT, received 764,274 units at 0.6646 per unit as payment of 100.0% of the base fee component of its management fee and its lease management fee in respect of the initial IPO portfolio of 97 properties for the period from 1 January 2021 to 31 March 2021.

Immediately after the transaction
No. of ordinary voting shares/units held: 147095 (Direct Interest); 43000187 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.03000000 (Direct Interest); 9.14000000 (Deemed Interest)
Mr. Tan Hai Peng Micheal ("Micheal") holds 35.975% of the share capital of Teck Lee Holdings Pte. Ltd. ("TLH"). TLH holds 81.25% of the share capital of Ho Lee Group Pte. Ltd. ("HLG"). HLG holds 50% of the share capital of Elite Partners Holdings Pte. Ltd. ("EPH"), which holds 296,300 Units in Elite Commercial REIT. EPH holds 68% of the share capital of Elite Commercial REIT Management Pte. Ltd. (the "Manager"), which holds 6,600,798 Units in Elite Commercial REIT. Therefore, Micheal is deemed to be interested in 6,897,098 Units held by EPH and the Manager.

Ho Lee Group Trust ("HLGT") holds 35,882,406 Units. Micheal is a beneficiary of HLGT, and therefore is deemed to be interested in the 35,882,406 Units held by HLGT.

Micheal is also deemed interested in the 220,683 Units held by his wife, Kan Phui Lin.

The percentage of unitholding set out above before the change is calculated based on 469,500,831 outstanding Units.

The percentage of unitholding set out above after the change is calculated based on 470,265,105 outstanding Units.

Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
11/05/21
[07/05/21]
Elite Commercial REIT Management Pte. Ltd. (the "Manager") [TMRP] S/U 764  0.665 6,601 1.40 Note
Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer

Immediately after the transaction
No. of ordinary voting shares/units held: 6600798 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 1.40000000 (Direct Interest); 0.00000000 (Deemed Interest)
The Manager received 764,274 units ("Management Fee Units") at 0.6646 per Management Fee Unit. The Management Fee Units have been issued as payment of 100% of the Manager's Base Fee, and Lease Management Fee in respect of the initial IPO portfolio of 97 properties (collectively "Management Fee") for the period from 1 January 2021 to 31 March 2021.

The issue price per Management Fee Unit is the volume weighted average price for a Unit for all trades done on the Singapore Exchange Securities Trading Limited in the ordinary course of trading for the last ten business days for the period ended 31 March 2021.

The percentage of unitholding set out above before and after the change is calculated based on 469,500,831 and 470,265,105 outstanding Units respectively.

Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
26/03/21
[10/03/21]
Kerry Group Limited [SSH] S/U (119,330)  - 12,115 2.60 Note
Remarks
Elite Commercial REIT acquired 58 commercial buildings in the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Upon receipt of the Consideration Units, Elite UK Commercial Fund II conducted a distribution in specie of the Consideration Units to its investors, including Strong Ally Holdings Limited ("Strong Ally").

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 12114683 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 2.60000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II ("EUKCFII"). New units in Elite Commercial REIT (the "Consideration Units") were issued to EUKCFII, the vendor's nominee, as partial consideration for the acquisition.

Strong Ally Holdings Limited ("Strong Ally") holds 9.22% interest in EUKCFII. Strong Ally is therefore deemed to be interested in the Consideration Units held by EUKCFII.

On 10 March 2021, EUKCFII irrevocably declared a distribution in specie of the Consideration Units to its investors, including Strong Ally. Upon distribution in specie, Strong Ally will receive 12,114,683 Consideration Units.

The Substantial Unitholders giving notice in this form are beneficiaries of EUKCFII.

Strong Ally Holdings Limited ("Strong Ally") holds 9.22% interest in EUKCFII. Strong Ally is wholly owned by Kerry Holdings Limited. Kerry Holdings Limited is wholly owned by Kerry Group Limited.

The percentage of interest in Units is calculated based on 466,302,336 Units.
26/03/21
[10/03/21]
Kerry Holdings Limited [SSH] S/U (119,330)  - 12,115 2.60 Note
Remarks
Elite Commercial REIT acquired 58 commercial buildings in the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Upon receipt of the Consideration Units, Elite UK Commercial Fund II conducted a distribution in specie of the Consideration Units to its investors, including Strong Ally Holdings Limited ("Strong Ally").

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 12114683 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 2.60000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II ("EUKCFII"). New units in Elite Commercial REIT (the "Consideration Units") were issued to EUKCFII, the vendor's nominee, as partial consideration for the acquisition.

Strong Ally Holdings Limited ("Strong Ally") holds 9.22% interest in EUKCFII. Strong Ally is therefore deemed to be interested in the Consideration Units held by EUKCFII.

On 10 March 2021, EUKCFII irrevocably declared a distribution in specie of the Consideration Units to its investors, including Strong Ally. Upon distribution in specie, Strong Ally will receive 12,114,683 Consideration Units.

The Substantial Unitholders giving notice in this form are beneficiaries of EUKCFII.

Strong Ally Holdings Limited ("Strong Ally") holds 9.22% interest in EUKCFII. Strong Ally is wholly owned by Kerry Holdings Limited. Kerry Holdings Limited is wholly owned by Kerry Group Limited.

The percentage of interest in Units is calculated based on 466,302,336 Units.
26/03/21
[10/03/21]
Strong Ally Holdings Limited [SSH] S/U (119,330)  - 12,115 2.60 Note
Remarks
Elite Commercial REIT acquired 58 commercial buildings in the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Upon receipt of the Consideration Units, Elite UK Commercial Fund II conducted a distribution in specie of the Consideration Units to its investors, including Strong Ally Holdings Limited ("Strong Ally").

Immediately after the transaction
No. of ordinary voting shares/units held: 12114683 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 2.60000000 (Direct Interest); 0.00000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II ("EUKCFII"). New units in Elite Commercial REIT (the "Consideration Units") were issued to EUKCFII, the vendor's nominee, as partial consideration for the acquisition.

Strong Ally Holdings Limited ("Strong Ally") holds 9.22% interest in EUKCFII. Strong Ally is therefore deemed to be interested in the Consideration Units held by EUKCFII.

On 10 March 2021, EUKCFII irrevocably declared a distribution in specie of the Consideration Units to its investors, including Strong Ally. Upon distribution in specie, Strong Ally will receive 12,114,683 Consideration Units.

The Substantial Unitholders giving notice in this form are beneficiaries of EUKCFII.

Strong Ally Holdings Limited ("Strong Ally") holds 9.22% interest in EUKCFII. Strong Ally is wholly owned by Kerry Holdings Limited. Kerry Holdings Limited is wholly owned by Kerry Group Limited.

The percentage of interest in Units is calculated based on 466,302,336 Units.
26/03/21
[10/03/21]
Private Wealth Management Global SIF-Multiassets [SSH] S/U (119,330)  - 12,115 2.60 Note
Remarks
Elite Commercial REIT acquired 58 commercial buildings in the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Upon receipt of the Consideration Units, Elite UK Commercial Fund II conducted a distribution in specie of the Consideration Units to its investors, including Private Wealth Management Global SIF-Multiassets ("PWMG").

Immediately after the transaction
No. of ordinary voting shares/units held: 12114683 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 2.60000000 (Direct Interest); 0.00000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II ("EUKCFII"). New units in Elite Commercial REIT (the "Consideration Units") were issued to EUKCFII, the vendor's nominee, as partial consideration for the acquisition.

Private Wealth Management Global SIF-Multiassets ("PWMG") holds 9.22% interest in EUKCFII. PWMG is therefore deemed to be interested in the Consideration Units held by EUKCFII.

On 10 March 2021, EUKCFII irrevocably declared a distribution in specie of the Consideration Units to its investors, including PWMG. Upon distribution in specie, PWMG will receive 12,114,683 Consideration Units.

PWMG is a fund managed by FundPartner Solutions (Europe) S.A., a licensed fund manager in Luxembourg.

The Substantial Unitholder giving notice in this form is a beneficiary of EUKCFII.

The percentage of interest in Units is calculated based on 466,302,336 Units.
26/03/21
[09/03/21]
Kerry Group Limited [SSH] S/U 131,444  - 131,444 28.19 Note
Remarks
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition.

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 131444312 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.19000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II ("EUKCFII"). New units in Elite Commercial REIT (the "Consideration Units") were issued to EUKCFII, the vendor's nominee, as partial consideration for the acquisition.

Strong Ally Holdings Limited ("Strong Ally") holds 9.22% interest in EUKCFII. Strong Ally is therefore deemed to be interested in the Consideration Units held by EUKCFII.

The Substantial Unitholders giving notice in this form are beneficiaries of EUKCFII.

Strong Ally Holdings Limited ("Strong Ally") holds 9.22% interest in EUKCFII. Strong Ally is wholly owned by Kerry Holdings Limited. Kerry Holdings Limited is wholly owned by Kerry Group Limited.

The percentage of unitholding set out above before and after the change is calculated based on 334,858,024 and 466,302,336 outstanding Units respectively.

Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
26/03/21
[09/03/21]
Kerry Holdings Limited [SSH] S/U 131,444  - 131,444 28.19 Note
Remarks
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition.

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 131444312 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.19000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II ("EUKCFII"). New units in Elite Commercial REIT (the "Consideration Units") were issued to EUKCFII, the vendor's nominee, as partial consideration for the acquisition.

Strong Ally Holdings Limited ("Strong Ally") holds 9.22% interest in EUKCFII. Strong Ally is therefore deemed to be interested in the Consideration Units held by EUKCFII.

The Substantial Unitholders giving notice in this form are beneficiaries of EUKCFII.

Strong Ally Holdings Limited ("Strong Ally") holds 9.22% interest in EUKCFII. Strong Ally is wholly owned by Kerry Holdings Limited. Kerry Holdings Limited is wholly owned by Kerry Group Limited.

The percentage of unitholding set out above before and after the change is calculated based on 334,858,024 and 466,302,336 outstanding Units respectively.

Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
26/03/21
[09/03/21]
Strong Ally Holdings Limited [SSH] S/U 131,444  - 131,444 28.19 Note
Remarks
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition.

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 131444312 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.19000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II ("EUKCFII"). New units in Elite Commercial REIT (the "Consideration Units") were issued to EUKCFII, the vendor's nominee, as partial consideration for the acquisition.

Strong Ally Holdings Limited ("Strong Ally") holds 9.22% interest in EUKCFII. Strong Ally is therefore deemed to be interested in the Consideration Units held by EUKCFII.

The Substantial Unitholders giving notice in this form are beneficiaries of EUKCFII.

Strong Ally Holdings Limited ("Strong Ally") holds 9.22% interest in EUKCFII. Strong Ally is wholly owned by Kerry Holdings Limited. Kerry Holdings Limited is wholly owned by Kerry Group Limited.

The percentage of unitholding set out above before and after the change is calculated based on 334,858,024 and 466,302,336 outstanding Units respectively.

Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
26/03/21
[09/03/21]
Private Wealth Management Global SIF-Multiassets [SSH] S/U 131,444  - 131,444 28.19 Note
Remarks
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition.

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 131444312 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.19000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II ("EUKCFII"). New units in Elite Commercial REIT (the "Consideration Units") were issued to EUKCFII, the vendor's nominee, as partial consideration for the acquisition.

Private Wealth Management Global SIF-Multiassets ("PWMG") holds 9.22% interest in EUKCFII. PWMG is therefore deemed to be interested in the Consideration Units held by EUKCFII.

PWMG is a fund managed by FundPartner Solutions (Europe) S.A., a licensed fund manager in Luxembourg.

The Substantial Unitholder giving notice in this form is a beneficiary of EUKCFII.

The percentage of unitholding set out above before and after the change is calculated based on 334,858,024 and 466,302,336 outstanding Units respectively.

Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
24/03/21
[10/03/21]
Vikram Chakravarty [SSH] S/U (130,233)  - 1,211 0.26 Note
Remarks
Elite Commercial REIT acquired 58 commercial buildings in the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Upon receipt of the Consideration Units, Elite UK Commercial Fund II conducted a distribution in specie of the Consideration Units to its investors, including Mr. Vikram Chakravarty ("Vikram").

Immediately after the transaction
No. of ordinary voting shares/units held: 1211468 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.26000000 (Direct Interest); 0.00000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II ("EUKCFII"). New units in Elite Commercial REIT (the "Consideration Units") were issued to EUKCFII, the vendor's nominee, as partial consideration for the acquisition.

Mr. Vikram Chakravarty ("Vikram") holds 0.46% interest in EUKCFII. Vikram is therefore deemed to be interested in the Consideration Units held by EUKCFII.

On 10 March 2021, EUKCFII irrevocably declared a distribution in specie of the Consideration Units to its investors, including Vikram. Upon distribution in specie, Vikram will receive 1,211,468 Consideration Units.

The Substantial Unitholders giving notice in this form are beneficiaries of EUKCFII.

The percentage of interest in Units is calculated based on 466,302,336 Units.
24/03/21
[10/03/21]
Chandra Mohan S/O Rethnam [SSH] S/U (130,839)  - 606 0.13 Note
Remarks
Elite Commercial REIT acquired 58 commercial buildings in the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Upon receipt of the Consideration Units, Elite UK Commercial Fund II conducted a distribution in specie of the Consideration Units to its investors, including Mr. Chandra Mohan S/O Rethnam ("Chandra").

Immediately after the transaction
No. of ordinary voting shares/units held: 605734 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.13000000 (Direct Interest); 0.00000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II ("EUKCFII"). New units in Elite Commercial REIT (the "Consideration Units") were issued to EUKCFII, the vendor's nominee, as partial consideration for the acquisition.

Mr. Chandra Mohan S/O Rethnam ("Chandra") holds 0.92% interest in EUKCFII. Chandra is therefore deemed to be interested in the Consideration Units held by EUKCFII.

On 10 March 2021, EUKCFII irrevocably declared a distribution in specie of the Consideration Units to its investors, including Chandra. Upon distribution in specie, Chandra will receive 605,734 Consideration Units.

The Substantial Unitholders giving notice in this form are beneficiaries of EUKCFII.

The percentage of interest in Units is calculated based on 466,302,336 Units.
24/03/21
[09/03/21]
Vikram Chakravarty [SSH] S/U 131,444  - 131,444 28.19 Note
Remarks
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition.

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 131444312 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.19000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II ("EUKCFII"). New units in Elite Commercial REIT (the "Consideration Units") were issued to EUKCFII, the vendor's nominee, as partial consideration for the acquisition.

Mr. Vikram Chakravarty ("Vikram") holds 0.46% interest in EUKCFII. Vikram is therefore deemed to be interested in the Consideration Units held by EUKCFII.

The Substantial Unitholders giving notice in this form are beneficiaries of EUKCFII.

The percentage of unitholding set out above before and after the change is calculated based on 334,858,024 and 466,302,336 outstanding Units respectively.

Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
24/03/21
[09/03/21]
Chandra Mohan S/O Rethnam [SSH] S/U 131,444  - 131,444 28.19 Note
Remarks
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition.

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 131444312 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.19000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II ("EUKCFII"). New units in Elite Commercial REIT (the "Consideration Units") were issued to EUKCFII, the vendor's nominee, as partial consideration for the acquisition.

Mr. Chandra Mohan S/O Rethnam ("Chandra") holds 0.92% interest in EUKCFII. Chandra is therefore deemed to be interested in the Consideration Units held by EUKCFII.

The Substantial Unitholders giving notice in this form are beneficiaries of EUKCFII.

The percentage of unitholding set out above before and after the change is calculated based on 334,858,024 and 466,302,336 outstanding Units respectively.

Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
19/03/21
[10/03/21]
EXOR N.V. [SSH] S/U (26,047)  - 109,074 23.39 Note
Remarks
On 10 March 2021, Elite UK Commercial Fund II irrevocably declared a distribution in specie of the Consideration Units to its investors, including PRCL. Upon the distribution in specie, PRCL will receive 105,397,744 Consideration Units. Partner Reinsurance Asia Pte. Ltd. ("PRA") holds 3,676,471 units in Elite Commercial REIT.

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 109074215.00000000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 23.39000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT (the "Consideration Units") were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition.

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL was therefore deemed to be interested in the Consideration Units held by Elite UK Commercial Fund II.

On 10 March 2021, Elite UK Commercial Fund II irrevocably declared a distribution in specie of the Consideration Units to its investors, including PRCL. Upon the distribution in specie, PRCL will receive 105,397,744 Consideration Units. Partner Reinsurance Asia Pte. Ltd. ("PRA") holds 3,676,471 units in Elite Commercial REIT ("Units").

PRCL and PRA wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). PR is therefore deemed interested in the Units (including Consideration Units) held by PRCL and PRA. Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR") holds 100% of the voting rights in EN. EXOR is therefore deemed interested in EN's interest in the Units (including Consideration Units).

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL and Partner Reinsurance Asia Pte. Ltd. are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR"), a company listed on the Milan Stock Exchange, holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is privately held by the Italian Agnelli family.

The percentage of interest in Units is calculated based on 466,302,336 Units.
19/03/21
[10/03/21]
Elite UK Commercial Fund II [SSH] S/U (131,444)  - NA NA Note
Remarks
On 10 March 2021, Elite UK Commercial Fund II irrevocably declared a distribution in specie of the Consideration Units to its investors, including PRCL. Upon the distribution in specie, PRCL will receive 105,397,744 Consideration Units. Partner Reinsurance Asia Pte. Ltd. ("PRA") holds 3,676,471 units in Elite Commercial REIT.

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
Partner Reinsurance Company Ltd ("PRCL") holds 80.2% of all issued units in Elite UK Commercial Fund II. PRCL and Partner Reinsurance Asia Pte. Ltd. are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR"), a company listed on the Milan Stock Exchange, holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is privately held by the Italian Agnelli family.

The percentage of interest in Units is calculated based on 466,302,336 Units.
19/03/21
[10/03/21]
Exor Nederland N.V. [SSH] S/U (26,047)  - 109,074 23.39 Note
Remarks
On 10 March 2021, Elite UK Commercial Fund II irrevocably declared a distribution in specie of the Consideration Units to its investors, including PRCL. Upon the distribution in specie, PRCL will receive 105,397,744 Consideration Units. Partner Reinsurance Asia Pte. Ltd. ("PRA") holds 3,676,471 units in Elite Commercial REIT.

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 109074215.00000000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 23.39000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT (the "Consideration Units") were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition.

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL was therefore deemed to be interested in the Consideration Units held by Elite UK Commercial Fund II.

On 10 March 2021, Elite UK Commercial Fund II irrevocably declared a distribution in specie of the Consideration Units to its investors, including PRCL. Upon the distribution in specie, PRCL will receive 105,397,744 Consideration Units. Partner Reinsurance Asia Pte. Ltd. ("PRA") holds 3,676,471 units in Elite Commercial REIT ("Units").

PRCL and PRA wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). PR is therefore deemed interested in the Units (including Consideration Units) held by PRCL and PRA. Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EN is therefore deemed interested in PR's interest in the Units (including Consideration Units).

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL and Partner Reinsurance Asia Pte. Ltd. are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR"), a company listed on the Milan Stock Exchange, holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is privately held by the Italian Agnelli family.

The percentage of interest in Units is calculated based on 466,302,336 Units.
19/03/21
[10/03/21]
Giovanni Agnelli B.V. [SSH] S/U (26,047)  - 109,074 23.39 Note
Remarks
On 10 March 2021, Elite UK Commercial Fund II irrevocably declared a distribution in specie of the Consideration Units to its investors, including PRCL. Upon the distribution in specie, PRCL will receive 105,397,744 Consideration Units. Partner Reinsurance Asia Pte. Ltd. ("PRA") holds 3,676,471 units in Elite Commercial REIT.

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 109074215.00000000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 23.39000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT (the "Consideration Units") were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition.

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL was therefore deemed to be interested in the Consideration Units held by Elite UK Commercial Fund II.

On 10 March 2021, Elite UK Commercial Fund II irrevocably declared a distribution in specie of the Consideration Units to its investors, including PRCL. Upon the distribution in specie, PRCL will receive 105,397,744 Consideration Units. Partner Reinsurance Asia Pte. Ltd. ("PRA") holds 3,676,471 units in Elite Commercial REIT ("Units").

PRCL and PRA wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). PR is therefore deemed interested in the Units (including Consideration Units) held by PRCL and PRA. Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR") holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is therefore deemed interested in EXOR's interest in the Units (including Consideration Units).

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL and Partner Reinsurance Asia Pte. Ltd. are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR"), a company listed on the Milan Stock Exchange, holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is privately held by the Italian Agnelli family.

The percentage of interest in Units is calculated based on 466,302,336 Units.
19/03/21
[10/03/21]
Partner Reinsurance Company Ltd. [SSH] S/U (26,047)  - 105,398 22.60 Note
Remarks
On 10 March 2021, Elite UK Commercial Fund II irrevocably declared a distribution in specie of the Consideration Units to its investors, including PRCL. Upon the distribution in specie, PRCL will receive 105,397,744 Consideration Units. Partner Reinsurance Asia Pte. Ltd. ("PRA") holds 3,676,471 units in Elite Commercial REIT.

Immediately after the transaction
No. of ordinary voting shares/units held: 105397744.00000000 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 22.60000000 (Direct Interest); 0.00000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT (the "Consideration Units") were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL was therefore deemed to be interested in the Consideration Units held by Elite UK Commercial Fund II.

On 10 March 2021, Elite UK Commercial Fund II irrevocably declared a distribution in specie of the Consideration Units to its investors, including PRCL. Upon distribution in specie, PRCL will receive 105,397,744 Consideration Units.

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL and Partner Reinsurance Asia Pte. Ltd. are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR"), a company listed on the Milan Stock Exchange, holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is privately held by the Italian Agnelli family.

The percentage of interest in Units is calculated based on 466,302,336 Units.
19/03/21
[10/03/21]
PartnerRe Ltd. [SSH] S/U (26,047)  - 109,074 23.39 Note
Remarks
On 10 March 2021, Elite UK Commercial Fund II irrevocably declared a distribution in specie of the Consideration Units to its investors, including PRCL. Upon the distribution in specie, PRCL will receive 105,397,744 Consideration Units. Partner Reinsurance Asia Pte. Ltd. ("PRA") holds 3,676,471 units in Elite Commercial REIT.

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 109074215.00000000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 23.39000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT (the "Consideration Units") were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition.

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL was therefore deemed to be interested in the Consideration Units held by Elite UK Commercial Fund II.

On 10 March 2021, Elite UK Commercial Fund II irrevocably declared a distribution in specie of the Consideration Units to its investors, including PRCL. Upon the distribution in specie, PRCL will receive 105,397,744 Consideration Units. Partner Reinsurance Asia Pte. Ltd. ("PRA") holds 3,676,471 units in Elite Commercial REIT ("Units").

PRCL and PRA wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). PR is therefore deemed interested in the Units (including Consideration Units) held by PRCL and PRA.

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL and Partner Reinsurance Asia Pte. Ltd. are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR"), a company listed on the Milan Stock Exchange, holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is privately held by the Italian Agnelli family.

The percentage of interest in Units is calculated based on 466,302,336 Units.
15/03/21
[11/03/21]
Victor Song Chern Chean [DIR] S/U 50  - 6,133 1.31 Note
Remarks
Elite Partners Holdings Pte. Ltd. ("EPH"), as sponsor of Elite Commercial REIT, acquired 50,000 units at volume weighted average price of 0.655 per unit on 11 March 2021.

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 6132824 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 1.31000000 (Deemed Interest)
Mr. Victor Song Chern Chean ("Victor") holds 22.5% of the share capital of Elite Partners Holdings Pte. Ltd. ("EPH"), which holds 296,300 Units in Elite Commercial REIT. EPH holds 68% of the share capital of Elite Commercial REIT Management Pte. Ltd. (the "Manager"), which holds 5,836,524 Units in Elite Commercial REIT. Therefore, Victor is deemed to be interested in 6,132,824 Units held by EPH and the Manager.

The percentage of unitholding set out above before and after the change is calculated based on 469,500,831 outstanding Units.

Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
15/03/21
[11/03/21]
Victor Song Chern Chean [DIR] S/U 3,198  - 6,083 1.30 Note
Remarks
Elite Commercial REIT Management Pte. Ltd., as manager of Elite Commercial REIT, received 3,198,495 units ("Acquisition Fee Units") at 0.6645 per Acquisition Fee Unit. The issue price per Acquisition Fee Unit is the volume weighted average price for a Unit for all trades done on the Singapore Exchange Securities Trading Limited (the "SGX-ST") from 24 February 2021 to 9 March 2021 which is 10 business days immediately preceding (and including) the date of completion of the acquisition of 58 properties located across United Kingdom.

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 6082824 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 1.30000000 (Deemed Interest)
Mr. Victor Song Chern Chean ("Victor") holds 22.5% of the share capital of Elite Partners Holdings Pte. Ltd. ("EPH"), which holds 246,300 Units in Elite Commercial REIT. EPH holds 68% of the share capital of Elite Commercial REIT Management Pte. Ltd. (the "Manager"), which holds 5,836,524 Units in Elite Commercial REIT. Therefore, Victor is deemed to be interested in 6,082,824 Units held by EPH and the Manager.

The percentage of unitholding set out above before and after the change is calculated based on 466,302,336 and 469,500,831 outstanding Units respectively.

Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
15/03/21
[11/03/21]
Tan Hai Peng Micheal [DIR] S/U 50  - 42,383 9.03 Note
Remarks
Elite Partners Holdings Pte. Ltd. ("EPH"), as sponsor of Elite Commercial REIT, acquired 50,000 units at volume weighted average price of 0.655 per unit on 11 March 2021.

Immediately after the transaction
No. of ordinary voting shares/units held: 147095 (Direct Interest); 42235913 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.03000000 (Direct Interest); 9.00000000 (Deemed Interest)
Mr. Tan Hai Peng Micheal ("Micheal") holds 35.975% of the share capital of Teck Lee Holdings Pte. Ltd. ("TLH"). TLH holds 81.25% of the share capital of Ho Lee Group Pte. Ltd. ("HLG"). HLG holds 50% of the share capital of Elite Partners Holdings Pte. Ltd. ("EPH"), which holds 296,300 Units in Elite Commercial REIT. EPH holds 68% of the share capital of Elite Commercial REIT Management Pte. Ltd. (the "Manager"), which holds 5,836,524 Units in Elite Commercial REIT. Therefore, Micheal is deemed to be interested in 6,132,824 Units held by EPH and the Manager.

Ho Lee Group Trust ("HLGT") holds 35,882,406 Units. Micheal is a beneficiary of HLGT, and therefore is deemed to be interested in the 35,882,406 Units held by HLGT.

Micheal is also deemed interested in the 220,683 Units held by his wife, Kan Phui Lin.

The percentage of unitholding set out above before and after the change is calculated based on 469,500,831 outstanding Units.

Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
15/03/21
[11/03/21]
Tan Hai Peng Micheal [DIR] S/U 3,198  - 42,333 9.02 Note
Remarks
Elite Commercial REIT Management Pte. Ltd., as manager of Elite Commercial REIT, received 3,198,495 units ("Acquisition Fee Units") at 0.6645 per Acquisition Fee Unit. The issue price per Acquisition Fee Unit is the volume weighted average price for a Unit for all trades done on the Singapore Exchange Securities Trading Limited (the "SGX-ST") from 24 February 2021 to 9 March 2021 which is 10 business days immediately preceding (and including) the date of completion of the acquisition of 58 properties located across United Kingdom.

Immediately after the transaction
No. of ordinary voting shares/units held: 147095 (Direct Interest); 42185913 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.03000000 (Direct Interest); 8.99000000 (Deemed Interest)
Mr. Tan Hai Peng Micheal ("Micheal") holds 35.975% of the share capital of Teck Lee Holdings Pte. Ltd. ("TLH"). TLH holds 81.25% of the share capital of Ho Lee Group Pte. Ltd. ("HLG"). HLG holds 50% of the share capital of Elite Partners Holdings Pte. Ltd. ("EPH"), which holds 246,300 Units in Elite Commercial REIT. EPH holds 68% of the share capital of Elite Commercial REIT Management Pte. Ltd. (the "Manager"), which holds 5,836,524 Units in Elite Commercial REIT. Therefore, Micheal is deemed to be interested in 6,082,824 Units held by EPH and the Manager.

Ho Lee Group Trust ("HLGT") holds 35,882,406 Units. Micheal is a beneficiary of HLGT, and therefore is deemed to be interested in the 35,882,406 Units held by HLGT.

Micheal is also deemed interested in the 220,683 Units held by his wife, Kan Phui Lin.

The percentage of unitholding set out above before and after the change is calculated based on 466,302,336 and 469,500,831 outstanding Units respectively.

Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters").
12/03/21
[10/03/21]
(hide due to repl WH20210322) EXOR N.V. [SSH] S/U (26,047)  - 109,074 23.39 Note
Remarks
Elite Commercial REIT acquired 58 commercial buildings in the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Upon receipt of the Consideration Units, Elite UK Commercial Fund II conducted a distribution in specie of the Consideration Units to its investors, including Partner Reinsurance Company Ltd ("PRCL").

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 109074215.00000000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 23.39000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT (the "Consideration Units") were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL was therefore deemed to be interested in the Consideration Units held by Elite UK Commercial Fund II. Before and after the issue of Consideration Units, Partner Reinsurance Asia Pte. Ltd. ("PRA") holds 3,676,471 units in Elite Commercial REIT ("Units"). Immediately before the distribution in specie, PartnerRe Ltd. was therefore deemed to be interested in PRCL's and PRA's interest in Units i.e. 135,120,783 Units.

On 10 March 2021, Elite UK Commercial Fund II conducted a distribution in specie of the Consideration Units to its investors, including PRCL. PRCL received 105,397,744 Consideration Units from the distribution in specie. Ater the distribution in specie, PRA continued to hold 3,676,471 Units. PRCL and PRA are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR") holds 100% of the voting rights in EN. EXOR is therefore deemed interested in EN's interest in Units.

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL and Partner Reinsurance Asia Pte. Ltd. are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR"), a company listed on the Milan Stock Exchange, holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is privately held by the Italian Agnelli family.

The percentage of interest in Units is calculated based on 466,302,336 Units.
12/03/21
[10/03/21]
(hide due to repl WH20210322) Elite UK Commercial Fund II [SSH] S/U (131,444)  - NA NA Note
Remarks
Elite Commercial REIT acquired 58 commercial buildings in the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Upon receipt of the Consideration Units, Elite UK Commercial Fund II conducted a distribution in specie of the Consideration Units to its investors, including Partner Reinsurance Company Ltd ("PRCL").

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)
Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL and Partner Reinsurance Asia Pte. Ltd. are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR"), a company listed on the Milan Stock Exchange, holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is privately held by the Italian Agnelli family.

The percentage of interest in Units is calculated based on 466,302,336 Units.
12/03/21
[10/03/21]
(hide due to repl WH20210322) Exor Nederland N.V. [SSH] S/U (26,047)  - 109,074 23.39 Note
Remarks
Elite Commercial REIT acquired 58 commercial buildings in the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Upon receipt of the Consideration Units, Elite UK Commercial Fund II conducted a distribution in specie of the Consideration Units to its investors, including Partner Reinsurance Company Ltd ("PRCL").

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 109074215.00000000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 23.39000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT (the "Consideration Units") were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL was therefore deemed to be interested in the Consideration Units held by Elite UK Commercial Fund II. Before and after the issue of Consideration Units, Partner Reinsurance Asia Pte. Ltd. ("PRA") holds 3,676,471 units in Elite Commercial REIT ("Units"). Immediately before the distribution in specie, PartnerRe Ltd. was therefore deemed to be interested in PRCL's and PRA's interest in Units i.e. 135,120,783 Units.

On 10 March 2021, Elite UK Commercial Fund II conducted a distribution in specie of the Consideration Units to its investors, including PRCL. PRCL received 105,397,744 Consideration Units from the distribution in specie. Ater the distribution in specie, PRA continued to hold 3,676,471 Units. PRCL and PRA are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EN is therefore deemed interested in PR's interest in Units.

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL and Partner Reinsurance Asia Pte. Ltd. are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR"), a company listed on the Milan Stock Exchange, holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is privately held by the Italian Agnelli family.

The percentage of interest in Units is calculated based on 466,302,336 Units.
12/03/21
[10/03/21]
(hide due to repl WH20210322) Giovanni Agnelli B.V. [SSH] S/U (26,047)  - 109,074 23.39 Note
Remarks
Elite Commercial REIT acquired 58 commercial buildings in the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Upon receipt of the Consideration Units, Elite UK Commercial Fund II conducted a distribution in specie of the Consideration Units to its investors, including Partner Reinsurance Company Ltd ("PRCL").

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 109074215.00000000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 23.39000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT (the "Consideration Units") were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL was therefore deemed to be interested in the Consideration Units held by Elite UK Commercial Fund II. Before and after the issue of Consideration Units, Partner Reinsurance Asia Pte. Ltd. ("PRA") holds 3,676,471 units in Elite Commercial REIT ("Units"). Immediately before the distribution in specie, PartnerRe Ltd. was therefore deemed to be interested in PRCL's and PRA's interest in Units i.e. 135,120,783 Units.

On 10 March 2021, Elite UK Commercial Fund II conducted a distribution in specie of the Consideration Units to its investors, including PRCL. PRCL received 105,397,744 Consideration Units from the distribution in specie. Ater the distribution in specie, PRA continued to hold 3,676,471 Units. PRCL and PRA are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR") holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is therefore deemed interested in EXOR's interest in Units.

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL and Partner Reinsurance Asia Pte. Ltd. are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR"), a company listed on the Milan Stock Exchange, holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is privately held by the Italian Agnelli family.

The percentage of interest in Units is calculated based on 466,302,336 Units.
12/03/21
[10/03/21]
(hide due to repl WH20210322) Partner Reinsurance Company Ltd. [SSH] S/U (26,047)  - 105,398 22.60 Note
Remarks
Elite Commercial REIT acquired 58 commercial buildings in the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Upon receipt of the Consideration Units, Elite UK Commercial Fund II conducted a distribution in specie of the Consideration Units to its investors, including Partner Reinsurance Company Ltd ("PRCL").

Immediately after the transaction
No. of ordinary voting shares/units held: 105397744.00000000 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 22.60000000 (Direct Interest); 0.00000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT (the "Consideration Units") were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL was therefore deemed to be interested in the Consideration Units held by Elite UK Commercial Fund II.

On 10 March 2021, Elite UK Commercial Fund II conducted a distribution in specie of the Consideration Units to its investors, including PRCL. PRCL received 105,397,744 Consideration Units from the distribution in specie.

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL and Partner Reinsurance Asia Pte. Ltd. are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR"), a company listed on the Milan Stock Exchange, holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is privately held by the Italian Agnelli family.

The percentage of interest in Units is calculated based on 466,302,336 Units.
12/03/21
[10/03/21]
(hide due to repl WH20210322) PartnerRe Ltd. [SSH] S/U (26,047)  - 109,074 23.39 Note
Remarks
Elite Commercial REIT acquired 58 commercial buildings in the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Upon receipt of the Consideration Units, Elite UK Commercial Fund II conducted a distribution in specie of the Consideration Units to its investors, including Partner Reinsurance Company Ltd ("PRCL").

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 109074215.00000000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 23.39000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT (the "Consideration Units") were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition. Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL was therefore deemed to be interested in the Consideration Units held by Elite UK Commercial Fund II. Before and after the issue of Consideration Units, Partner Reinsurance Asia Pte. Ltd. ("PRA") holds 3,676,471 units in Elite Commercial REIT ("Units"). Immediately before the distribution in specie, PartnerRe Ltd. was therefore deemed to be interested in PRCL's and PRA's interest in Units i.e. 135,120,783 Units.

On 10 March 2021, Elite UK Commercial Fund II conducted a distribution in specie of the Consideration Units to its investors, including PRCL. PRCL received 105,397,744 Consideration Units from the distribution in specie. Ater the distribution in specie, PRA continued to hold 3,676,471 Units. PRCL and PRA are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). PR is therefore deemed interested in the Units held by PRCL and PRA.

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL and Partner Reinsurance Asia Pte. Ltd. are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR"), a company listed on the Milan Stock Exchange, holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is privately held by the Italian Agnelli family.

The percentage of interest in Units is calculated based on 466,302,336 Units.
12/03/21
[09/03/21]
EXOR N.V. [SSH] S/U 131,444  - 135,121 28.98 Note
Remarks
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition.

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 135120783.00000000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.98000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT (the "Consideration Units") were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition.

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL is therefore deemed to be interested in the Consideration Units held by Elite UK Commercial Fund II. Before and after the issue of Consideration Units, Partner Reinsurance Asia Pte. Ltd. ("PRA") held 3,676,471 Units. PRCL and PRA are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR") holds 100% of the voting rights in EN. EXOR is therefore deemed interested in the Units held by EN.

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL and Partner Reinsurance Asia Pte. Ltd. are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR"), a company listed on the Milan Stock Exchange, holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is privately held by the Italian Agnelli family.

The percentage of interest in Units before the issue of Consideration Units is calculated based on 334,858,024 Units as at 8 March 2021. The percentage of interest in Units after the issue of Consideration Units is calculated based on 466,302,336 Units as at 9 March 2021.
12/03/21
[09/03/21]
Elite UK Commercial Fund II [SSH] S/U 131,444  - 131,444 28.19 Note
Remarks
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition.

Immediately after the transaction
No. of ordinary voting shares/units held: 131444312.00000000 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 28.19000000 (Direct Interest); 0.00000000 (Deemed Interest)
Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL and Partner Reinsurance Asia Pte. Ltd. are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR"), a company listed on the Milan Stock Exchange, holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is privately held by the Italian Agnelli family.

The percentage of interest in Units after the issue of Consideration Units is calculated based on 466,302,336 Units as at 9 March 2021.
12/03/21
[09/03/21]
Exor Nederland N.V. [SSH] S/U 131,444  - 135,121 28.98 Note
Remarks
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition.

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 135120783.00000000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.98000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT (the "Consideration Units") were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition.

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL is therefore deemed to be interested in the Consideration Units held by Elite UK Commercial Fund II. Before and after the issue of Consideration Units, Partner Reinsurance Asia Pte. Ltd. ("PRA") held 3,676,471 Units. PRCL and PRA are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EN is therefore deemed interested in the Units held by PR.

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL and Partner Reinsurance Asia Pte. Ltd. are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR"), a company listed on the Milan Stock Exchange, holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is privately held by the Italian Agnelli family.

The percentage of interest in Units before the issue of Consideration Units is calculated based on 334,858,024 Units as at 8 March 2021. The percentage of interest in Units after the issue of Consideration Units is calculated based on 466,302,336 Units as at 9 March 2021.
12/03/21
[09/03/21]
Giovanni Agnelli B.V. [SSH] S/U 131,444  - 135,121 28.98 Note
Remarks
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition.

Immediately after the transaction
No. of ordinary voting shares/units held: 0 (Direct Interest); 135120783.00000000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.98000000 (Deemed Interest)
Elite Commercial REIT, through its wholly-owned subsidiary, acquired 58 commercial buildings located across the United Kingdom from the vendor, a wholly-owned subsidiary of Elite UK Commercial Fund II. New units in Elite Commercial REIT (the "Consideration Units") were issued to Elite UK Commercial Fund II, the vendor's nominee, as partial consideration for the acquisition.

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL is therefore deemed to be interested in the Consideration Units held by Elite UK Commercial Fund II. Before and after the issue of Consideration Units, Partner Reinsurance Asia Pte. Ltd. ("PRA") held 3,676,471 Units. PRCL and PRA are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR") holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is therefore deemed interested in the Units held by EXOR.

Partner Reinsurance Company Ltd ("PRCL") holds 80.2% interest in Elite UK Commercial Fund II. PRCL and Partner Reinsurance Asia Pte. Ltd. are wholly-owned subsidiaries of PartnerRe Ltd. ("PR"). Exor Nederland N.V. ("EN") holds 99.73% of the voting rights in PR. EXOR N.V. ("EXOR"), a company listed on the Milan Stock Exchange, holds 100% of the voting rights in EN. Giovanni Agnelli B.V. ("GA") holds 55.29% of the voting rights in EXOR. GA is privately held by the Italian Agnelli family.

The percentage of interest in Units before the issue of Consideration Units is calculated based on 334,858,024 Units as at 8 March 2021. The percentage of interest in Units after the issue of Consideration Units is calculated based on 466,302,336 Units as at 9 March 2021.
* DIR - Director (include Directors of related companies)
SSH - Substantial Shareholder
COY - Company Share Buyback
TMRP - Trustee-Manager/Responsible Person
** S - Shares
W - Warrants
U - Units
R - Rights
*** Direct & Deemed Interests

Notes

  1. Only trades by directors, substantial shareholders and company share buy back are included in Insider Trades.

back to top