Fortune Real Estate Investment Trust : Overseas Regulatory Announcement

The Securities and Futures Commission of Hong Kong, Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Fortune Real Estate Investment Trust

(a collective investment scheme authorized under section 104

of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong))

(Stock Code: 778)

Managed by

ARA Asset Management (Fortune) Limited

OVERSEAS REGULATORY ANNOUNCEMENT

This overseas regulatory announcement is issued pursuant to paragraph 10.3 of the Code on Real Estate Investment Trusts published by the Securities and Futures Commission of Hong Kong.

Please refer to the attached announcement on the next page issued on the Singapore Exchange Securities Trading Limited by Fortune REIT on 26 January 2017.

By order of the board of directors of

ARA Asset Management (Fortune) Limited

(in its capacity as manager of Fortune Real Estate Investment Trust)

Chiu Yu, Justina

Chief Executive Officer

Hong Kong, 26 January 2017

The Directors of the Manager as at the date of this announcement are Mr. Chui Sing Loi (alias Tsui Sing Loi) as Chairman and Independent Non-executive Director; Dr. Chiu Kwok Hung, Justin, Mr. Lim Hwee Chiang, Ms. Yeung, Eirene and Mr. Ma Lai Chee, Gerald as Non-executive Directors; Ms. Chiu Yu, Justina as Executive Director; Mr. Lim Lee Meng and Ms. Cheng Ai Phing as Independent Non-executive Directors.

ARA ASSET MANAGEMENT (FORTUNE) LIMITED

Manager of

26 January 2017 NOTICE OF BOOKS CLOSURE & DISTRIBUTION PAYMENT DATE

NOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders of Fortune Real Estate Investment Trust ("Fortune REIT") will be closed on

13 February 2017 at 5.00 p.m. for the purposes of determining Unitholders' entitlements to the Fortune REIT's distribution of 24.45 Hong Kong cents per unit for the period of 1 July 2016 to 31 December 2016 (the "Distribution").

Unitholders whose securities accounts with The Central Depository (Pte) Limited ("CDP") are credited with Units as at 5.00 p.m. on 13 February 2017 will be entitled to the Distribution to be paid on 1 March 2017.

SINGAPORE INCOME TAX ON FORTUNE REIT DISTRIBUTION

Unitholders are NOT subject to Singapore Income Tax on the Distribution received from gross income Distribution that is tax exempt.

CURRENCY ELECTION PURPOSES

Unitholders whose Units are held directly through CDP will receive their Distributions in the Singapore dollar equivalent of the Hong Kong dollar Distribution declared, unless Unitholders elect to receive the Distributions in Hong Kong dollars. Such Unitholders must complete a prescribed form ("Form of Election") by 5.00 p.m. on

20 February 2017. For the portion of the Distributions to be paid in Singapore dollars, the Manager will make the necessary arrangements to convert the portion of the Distribution in Hong Kong dollars into Singapore dollars at such exchange rate as the Manager may determine having regard to any premium or discount which may be relevant to the cost of exchange.

Unitholders [save for approved depository agents (acting as nominees of their customers)] may only elect to receive Distributions in either Singapore dollars or Hong Kong dollars and shall not be able to elect to receive Distributions partly in Singapore dollars and partly in Hong Kong dollars.

The Form of Election is attached to this announcement. The Form of Election will also be available from the corporate website of Fortune REIT at www.fortunereit.com and the website of the Singapore Exchange Securities Trading Limited at www.sgx.com.

IMPORTANT NOTE Unitholders who wish to receive the Distributions in Hong Kong dollars must complete and return the Form of Election by 5.00 p.m. on 20 February 2017. No action is needed for Unitholders who wish to receive the Distributions in Singapore dollars. IMPORTANT DATES AND TIMES

Date/Deadline	Event
13 February 2017, Monday, 5.00 p.m.	Fortune REIT books closure
20 February 2017 , Monday, 5.00 p.m.	Unitholders must complete and return the Form of Election to CDP if he wishes to receive the Distributions in Hong Kong dollars
1 March 2017, Wednesday	Payment of Distribution

For enquiries, please contact Ms. Olivia Lim at [phone] or email: [e-mail] or visit Fortune REIT's website at www.fortunereit.com>.

By Order of the Board

ARA Asset Management (Fortune) Limited

As Manager of Fortune Real Estate Investment Trust

Chiu Yu, Justina Director

26 January 2017

About Fortune REIT

Fortune REIT is a real estate investment trust constituted by a Trust Deed entered into on 4 July 2003 (as amended) made between ARA Asset Management (Fortune) Limited, as the Manager of Fortune REIT (the "Manager"), and HSBC Institutional Trust Services (Singapore) Limited, as the Trustee of Fortune REIT. Fortune REIT is primary listed on The Stock Exchange of Hong Kong Limited and secondary listed on the Singapore Exchange Securities Trading Limited (the "SGX-ST").

Fortune REIT holds a portfolio of 17 retail properties in Hong Kong, comprising approximately 3.18 million square feet of retail space and 2,713 car parking spaces. The retail properties are Fortune City One, Fortune Kingswood, Ma On Shan Plaza, Metro Town, Fortune Metropolis, Laguna Plaza, Belvedere Square, Waldorf Avenue, Caribbean Square, Provident Square, Jubilee Square, Smartland, Tsing Yi Square, Centre de Laguna, Hampton Loft, Lido Avenue and Rhine Avenue. They house tenants from diverse trade sectors such as supermarkets, food and beverage outlets, banks, real estate agencies, and education providers.

More information can be found at www.fortunereit.com.

About the Manager

Fortune REIT is managed by ARA Asset Management (Fortune) Limited, a wholly-owned subsidiary of ARA Asset Management Limited ("ARA"). ARA is a real estate fund management company listed on the Main Board of the SGX-ST.

More information can be found at www.ara-asia.com.

Media and investor contacts Justina Chiu Chief Executive Officer [e-mail]	Jenny Hung Director, Investments and Investor Relations [e-mail]
ARA Asset Management (Fortune) Limited Singapore Office Tel: [phone] Hong Kong Office Tel: [phone]