Parkway Life REIT completes acquisition of three properties in Japan

Two nursing homes and one elderly facility.

In a disclosure to the Singapore Exchange, Parkway Trust Management Limited, as manager of Parkway Life Real Estate Investment Trust (Parkway Life REIT) announced that it has completed the acquisition of two nursing homes and one extended-stay lodging facility for the elderly located in Japan by Godo Kaisha Tenshi 1 and Godo Kaisha Tenshi 2 from Miyako Enterprise Co., Ltd., the acquisition of the Properties (being the Maison des Centenaire Hannan property, the Maison des Centenaire Ohhama property and the Sunhill Miyako property).

Upon completion of the acquisition of the Properties, an acquisition fee of approximately S$374,0002 is payable to the Manager pursuant to the trust deed dated 12 July 2007 (as amended), which may be payable in the form of cash and/or units in Parkway Life REIT as the Manager may elect.