29 April 2014

1Q FY2014Results Presentation

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This presentation should be read in conjunction with the financial statements of Soilbuild Business Space REIT for the period from 1 January 2014 to 31March 2014 (hereinafter referred to 1Q FY2014).

This presentation is for information only and does not constitute an offer or solicitation of an offer to subscribe for, acquire, purchase, dispose of or sellany units in Soilbuild Business Space REIT (“Soilbuild REIT”, and units in Soilbuild REIT, “Units”) or any other securities or investment.

Nothing in this presentation should be construed as financial, investment, business, legal or tax advice and you should consult your own independentprofessional advisors.

This presentation may contain forward-looking statements that involve risks, uncertainties and assumptions. Future performance, outcomes and resultsmay differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. You arecautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management of future events.

The value of Units and the income derived from them, if any, may fall or rise. Units are not obligations of, deposits in, or guaranteed by, the Manager orany of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.

Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed onSingapore Exchange Securities Trading Limited (the “SGX-ST”). It is intended that holders of Units may only deal in their Units through trading on theSGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

The past performance of Soilbuild REIT is not indicative of the future performance of Soilbuild REIT. Similarly, the past performance of SB REITManagement Pte. Ltd. (“Manager”) is not indicative of the future performance of the Manager.

Disclaimer

Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited are the joint globalcoordinators, issue managers, bookrunners & underwriters of the initial public offering of Soilbuild REIT.

Content

Key Highlights 4

1Q FY2014 Financial Performance 6

Financial Position / Capital Management 10

Portfolio Update 13

Market Update and Outlook 22

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Key Highlights

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Key Highlights of 1Q FY2014

•Distribution per Unit for 1Q FY2014 at SGD 1.562 cents – 6.1% above the Forecast(1).•Portfolio Gross Revenue and Net Property Income for 1Q FY2014 outperformed the Forecast(1)

by 3.9% and 5.3% respectively.1Q FY2014 Results

•100.0% of debt hedged. Average all-in interest cost of 3.12% p.a. as at 31 March 2014.•Conservative gearing at 29.1% as at 31 March 2014 provides debt headroom for futureacquisitions.

•Healthy interest cover ratio of 5.9 times.

Financial Position

•Portfolio occupancy rate increased from 99.9% to 100% during 1Q FY2014 due to new take upat Eightrium @ Changi Business Park.

•New tenant – DBS Bank welcomed in Eightrium @ Changi Business Park•Over 78% of all the lease expiries due in 2014 have already been renewed, re-let or pre-committed.

•Maiden acquisition announced on 14 March 2014. Expected completion is in 2Q FY2014.

Portfolio Update

Notes:1) The Forecast is derived from the Forecast Year 2014 figures disclosed in the Prospectus dated 7 August 2013 (the “Prospectus”).

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1Q FY2014Financial Performance

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Distribution per Unit

For the period from

1 January 2014 to 31 March 2014 Actual ForecastVariance

(%)

Distributable Income (S$’000) 12,606 11,876 6.1%

Distribution per Unit (“DPU”)(1) (cents) 1.562 1.472 6.1%

Adjusted Annualised DPU (cents) (2) 6.028

Adjusted Annualised Distribution Yield(2) 7.7%

Note:(1) Based on 806.8 million units in issue as at 31 March 2014.(2) Adjusted by excluding the one-off income of S$0.4 million. Adjusted annualised distribution yield is based on the closing price of S$0.78 as at 31 March 2014.

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1Q FY2014

1Q FY2014 Financial Results – P&L

For the period from

Actual ForecastVariance

(%)1 January 2014 to 31 March 2014

(S$’000)

Gross Revenue 16,839 16,209 3.9%

Less Property Expenses (2,644) (2,723) 2.9%

Net Property Income 14,195 13,486 5.3%

Manager’s Fees (1,261) (1,188) (6.1%)

Trustee’s Fees (42) (39) (7.7%)

Other Trust Expenses (195) (183) (6.6%)

Finance Expenses(1) (2,162) (2,302) 6.1%

Total return for the period 10,535 9,774 7.8%

Add back Non-Tax Deductible Items(2) 2,071 2,102 (1.5%)

Distributable Income 12,606 11,876 6.1%

Note:(1) Finance Expenses comprise net interest expense and amortisation of debt arrangement fees.(2) “Non-tax deductible items” comprise the Manager’s management fees, property management and lease management fees paid or payable in Units, rent free amortisation,Trustee’s fees and amortisation of debt arrangement fees.

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1Q FY2014 Distribution

Distribution Timetable1Q FY2014

Distribution Details1Q FY2014

Distribution Period 1 January 2014 – 31 March 2014

Distribution Amount 1.562 cent per unit

Last Day of Trading on “cum” Basis Monday, 5 May 2014

Ex-Date Tuesday, 6 May 2014

Books Closure Date Thursday, 8 May 2014

Distribution Payment Date Wednesday, 4 June 2014

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Financial Position/Capital Management

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1Q FY2014 Financial Results – Balance Sheet

All figures S$’000 unless otherwise stated Unaudited Actualas at

31 March 2014

Audited Actualas at

31 Dec 2013

Investment Properties 935,012 935,000

Other Assets 26,380 20,292

Total Assets 961,392 955,292

Current Liabilities 11,929 9,149

Bank Borrowings 275,771 275,331

Other Liabilities 23,485 23,514

Net Assets 650,207 647,298

Units in Issue (‘000) 806,825 804,541

Net Asset Value per Unit (S$) 0.81 0.80

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Proactive Capital ManagementBorrowing Details

Total Debt Facility S$285 million

Total Debt Drawn Down S$280 million

Aggregate Leverage(1) 29.1%

Average All-in Interest Costs(2) 3.12% p.a.

Weighted Average Debt Maturity 2.36 years (as at 31 Mar 14)

Interest Coverage Ratio 5.9x

S&P Credit Rating (assigned on 22 Jan 2014) BBB-

Debt Maturity Profile(S$ Million)

$95.0 $95.0

$90.0

2014 2015 2016 2017

% of Debt Maturing 0% 34% 34% 32%

% of Fixed Debt 100%

Note:(1) Ratio of Debt over Deposited Properties under the Property Funds Appendix.(2) Inclusive of margins and amortisation of debt arrangement fees.

100.0% of Debt already hedged

No Near TermRefinancing Risks

Well spread maturityprofile with weighted

average debt maturityof 2.36 years as at 31

Mar 2014

75.0% of the initial debt drawn down at IPOfixed with 2, 3 and 4 year interest rate swaps

The remaining 25.0% of the initial debtdrawn down at IPO fixed with a 1 yearinterest rate swap on 5 Nov 2013 (maturityon 19 Nov 2014)

Weighted average swap rate is 0.82%

Portfolio Update

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Portfolio Overview

KeppelTerminal

Sentosa

Jurong Island

Jurong Port

Second Link(Tuas Checkpoint)

PSATerminal

Tuas Port(2022)

ONE-NORTH

CHANGISIMEI

EXPOJOO KOON

BOON LAY

PIONEERBUONA VISTA

SolarisNLA: 441,533 sq ftValuation: S$300.0 million

Soilbuild REIT Properties are located in key technology, media and back office hubs and logistics clusters, which are near air and seatransportation ports such as Changi Airport, Jurong Port and the planned mega container port at Tuas expected to be operational around 2022.

EightriumNLA: 177,286 sq ftValuation: S$102.0 million

NLA: 1,240,583 sq ftValuation: S$319.0 million

NLA: 58,752 sq ftValuation: S$11.0 million

Tuas ConnectionNLA: 651,072 sq ft (4)

Valuation: S$126.0 million

BK MarineNLA: 73,737 sq ftValuation: S$15.0 million

West Park BizCentral

NLA: 312,375 sq ftValuation: S$62.0 million

(1) As at 31 March 2014. (2) Based on the Colliers’ valuations dated 31 Dec 2013. (3) By Effective Gross Rental Income. (4) NLA includes some dedicated common areas within tenants’ compounds but does not constitute GFA.

NK Ingredients

Total Valuation (2) S$935.0 million

Total NLA 2,955,338 sq ft

WALE (3) 3.7 years

Occupancy 100%

Portfolio Summary (1)

CBD

Industrial Properties

Business Park Properties

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COS Printers

Portfolio Summary

(1) Age from issue of CSC (as at 31 Mar 2014). (2) Assumes master leases in place. (3) Phase 1 of development received CSC in July 1991 and Phase 2 of development received CSC in Aug 2007. (4) As at 31 Mar 2014.

Property TypeLease

Arrangement

PropertyAge (1)

(Years)

RemainingLand Lease

(Years)

OccupancyRate(2)

as at 31 Mar 14

OccupancyRate as at

IPO

PurchasePrice

(S$ Million)

SolarisBusiness

ParkMasterLease

2.5 54 100.0% 100.0% $293.4

West Park BizCentral Multi-UserRamp-upFactory

MultiTenanted

1.5 54 100.0% 100.0% $313.0

Eightrium @ CBPBusiness

ParkMulti

Tenanted6.5 52 100.0% 95.3% $91.4

Tuas Connection Multi-UserLand Based

Factory

MultiTenanted

3.7 37 100.0% 100.0% $122.7

NK IngredientsSingle-User

FactoryMasterLease

Ph1: 22.7Ph2: 6.7

33 100.0% 100.0% $60.0

COS PrintersSingle-User

FactoryMasterLease

17.2 28 100.0% 100.0% $10.3

Beng Kuang MarineSingle-User

FactoryMasterLease

13.9 43 100.0% 100.0% $14.5

Portfolio 4.1 50(4) 100.0% 99.7% $905.3

(3)

Achieved 100% portfolio occupancy as at 31 March 2014 due to new take up at Eightrium @ Changi Business Park

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Key Portfolio Metrics

Portfolio Income by Property1

Well Spread Trade Sectors(1)2

Diversified Tenant Base(1)(2)3

Balanced portfolio with Growth Upside4

(1) Inclusive of underlying tenants for Solaris.(2) Based on Gross Rental Income.

20.1%

14.4%

12.3%11.4%

7.0%

4.7%

4.5%

4.3%

21.3%

Marine Offshore, Oil & Gas

Precision Engineering, Electricaland Machinery Products

Supply Chain Management, 3rdParty Logistics, Freight Forwarding

Chemicals

Fabricated Metal Products

Electronics

Publishing, Printing & Reproductionof Recorded Media

Construction

Others

MNC70%

SME25%

GovernmentAgency

5%

Multi-tenanted

Properties59%

Propertiesunder Master

Lease41%

1Q FY2014NPI:

S$14.2 million

Total of106

tenants inportfolio

1Q FY2014Gross Revenue:S$16.8 million

Eightrium @Changi

BusinessPark

13.6%

TuasConnection

15.7%

West ParkBizCentral

36.1%

Solaris24.7%

NKIngredients

7.0%COS

Printers1.3%

Beng KuangMarine1.6% % of NLA of

2.95 million sqft

Leasing Update

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Forward Renewals1Q FY2014

Renewals / Re-leased space1Q FY2014

No. of Leases Area (sqft)Gross Rent

before Renewal / Re-letGross Rent

after Renewal / Re-let Rental Reversion

($ psf) ($ psf)

Renewed 1 34,741 1.70 1.70 0%

Re-let 2 73,581 2.32 2.53 9.10%

3 108,322 2.12 2.26 6.60%

No. of Leases Area (sqft)Gross Rent

before Renewal / Re-letGross Rent

after Renewal / Re-let Rental Reversion

($ psf) ($ psf)

Renewed 5 75,004 1.37 1.56 13.9%

For the three lease expiries in 1Q FY2014, one was renewed and the othertwo were re-leased with average positive rental reversion of 6.6%

Forward renewal with 5 leases expiring in 1Q FY2015 withaverage positive rental reversion of 13.9%

14.4%

30.8%

12.4%

6.4%

30.7%

2.5%

1.0%

1.5%

2.8%2.8%

0%

5%

10%

15%

20%

25%

30%

35%

40%

2014 2015 2016 2017 >2017

Leases due for renewal 1Q FY2014 renewals / relet Forward renewals

Lease Expiry Profile

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2.5% of total NLAre-let with new

tenancies

Forward renewals

Lease Expiry Profile Post renewals / re-let / forward renewals(% of NLA)

Well Staggered Lease Expiry Profile

Portfolio Lease Expiry Profile as at 31 Mar 2014(% of NLA & Gross Rental Income)

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14.4%

30.8%

13.4%

6.4%

35.0%

10.4%

24.2%

13.0%

7.7%

44.7%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

2014 2015 2016 2017 > 2017

Lease Expiry Profile by NLA Lease Expiry Profile by ERG Income

WALE(by NLA)

3.6 years

WALE(by Gross Rental Income)

3.7 years

29.3%

8.4%

5.2%

4.4%

2.1%

1.8%

1.7%

1.5%

1.5%

1.4%

Soilbuild Group

NK Ingredients Pte Ltd

Schenker (Singapore) Pte Ltd

Nestle Singapore (Pte) Ltd

DBS Bank Ltd

Dyson Operations Pte Ltd

PICCO Enterprise Pte Ltd

Knowledge Universe Singapore Pte Ltd

C.O.S Printers Pte Ltd

Huawei International Pte Ltd

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Quality and Established Tenant Base

Top 10 tenants (excluding Soilbuild) accounts for around 28% of Gross Rental Income

Top 10 Tenants(By Gross Rental Income) (1)

(1) For the month of March 2014.(2) Soilbuild Group’s exposure includes SB Solaris (Investment) Pte.Ltd. and SB Storage Pte Ltd.

Soilbuild Group(2)

First Acquisition since Listing

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- Maiden third-party acquisition for Soilbuild REIT since listing

- Aligned with Soilbuild REIT’s growth strategy

- Attractive NPI yield from long term lease with annual rental escalations

- Accretive to Soilbuild REIT’s forecast distributable income per unit

- Extends Soilbuild REIT’s lease expiry profile, diversifies tenant mix and enhances returns to Soilbuild REIT’s unitholders

PROPERTY DESCRIPTION

An existing four-storey industrial building (“Phase 1”) and a proposed single storeyworkshop to be constructed (“Phase 2”), located at the northern tip of Woodlands,along Senoko Way and adjacent to the nearby shipyards.

The property is accessible via several major expressways including the SeletarExpressway and Bukit Timah Expressway.

Location: 39 Senoko Way Singapore 758052

Gross floor area: Phase 1: 77,162 sqft and Phase 2: 18,088 sqft

Land use zone: Business 2

Land Tenure: 30 years + 30 years from 16 February 1994

Total costs of the Proposed Transaction:$18.33 million (includes purchase consideration of $18.0 million and other acquisition-relatedcosts)

Leaseback arrangement: 10 year triple-net lease to Tellus Marine (the “Lessee”)

The Vendor / Lessee:Tellus Marine was incorporated on 11 June 1997 in Singapore and is principally involved in theoffshore and marine engineering industries, including shipbuilding, in Singapore and Batam,Indonesia.

INVESTMENT RATIONALE

Market Updateand Outlook

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Median Rents of Business Space

1.99

2.20

1.20

1.40

1.60

1.80

2.00

2.20

2.40

2007 2008 2009 2010 2011 2012 2013

$p

sf

pe

rm

on

th

Islandwide West Region

4.20

3.82

2.00

2.50

3.00

3.50

4.00

4.50

5.00

2007 2008 2009 2010 2011 2012 2013

$p

sf

pe

rm

on

th

Islandwide IBP CBP MBC and Singapore Science Park

2.12

1.67

0.60

0.80

1.00

1.20

1.40

1.60

1.80

2.00

2.20

2.40

2007 2008 2009 2010 2011 2012 2013

$p

sf

pe

rm

on

th

Islandwide West Region

1.95

1.80

0.80

1.00

1.20

1.40

1.60

1.80

2.00

2.20

2007 2008 2009 2010 2011 2012 2013

$p

sf

pe

rm

on

th

Islandwide West Region

Median Rents for Private Business Park1

Median Rents for Private Single-user Factory2

Median Rents for Private Multiple-user Factory3

Median Rents for Private Warehouse4

Source: URA

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Market Update and Outlook

•Singapore’s economy grew by 5.1% on a year-on-year basis in 1Q FY2014, lower than the 5.5%growth in the previous quarter. On a quarter-on-quarter basis, the economy grew by 0.1%,moderating from the 6.1% expansion in the preceding quarter.

•The Singapore’s Purchasing Managers’ Index (“PMI”) posted a reading of 50.8 in March 2014,which was a marginal dip of 0.1 point over the previous month.

Singapore’sEconomy

•For 4Q FY2013, the JTC Industrial Property Price index fell by 3.3% on a quarter-on-quarterbasis. On a year-on-year basis, prices of all industrial space rose by 3.2%.

•During the same period, the JTC Industrial Property Rental index increased by 0.2% and 5.0%on a quarter-on-quarter and year-on-year basis respectively.

•Research from Real Estate houses points to a pick up in leasing activity in the coming quartersfor conventional industrial activity, while demand for good quality business park space isexpected to continue.

Industrial

Property

Sector

•Over 78% of all lease expiries due in 2014 have already been renewed, re-leased or pre-committed and Management will pro-actively focus on the remaining expiries.

•Barring any unexpected non-renewals, Management believes that Soilbuild REIT is well placedto deliver on its forecast distribution for 2014 financial year.

SoilbuildBusiness

Space REIT

Source: Ministry of Trade & Industry, SIPMM, JTC Corporation.

Key Contacts:

Thank You

Shane HaganChief Executive OfficerTel: (65) 6415 5980Email: shane.hagan@soilbuild.com

Roy TeoChief Operating OfficerTel: (65) 6415 5983Email: roy.teo@soilbuild.com

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