Remarks
Disposal of Securities via market transaction Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 92263485 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 5.88163000 (Deemed Interest)

Prudential plc is a substantial shareholder by virtue of its deemed interest in the units managed by its subsidiaries as fund managers. Percentages are based on total issued voting units (excluding treasury units) of 1,568,672,703

Remarks
Disposal of Securities via market transaction Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 92263485 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 5.88163000 (Deemed Interest)

Prudential Corporation Asia Limited is a substantial shareholder by virtue of its deemed interest in the units managed by its subsidiaries as fund managers. Percentages are based on total issued voting units (excluding treasury units) of 1,568,672,703

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: 6148563 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.39000000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of Units "immediately after the transaction" is based on 1,568,672,703 Units in issue as at 29 November 2019.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 3865143 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.25000000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of Units "immediately before the transaction" and "immediately after the transaction" is based on 1,568,672,703 Units in issue as at 29 November 2019. MUSREM has sold the Units that it is entitled to receive as payment of the base component of its management fee for the period from 1 July 2019 to 30 September 2019 (both dates inclusive) to Manufacturers Life Reinsurance Limited ("MLRL"), a wholly owned subsidiary of The Manufacturers Life Insurance Company, and has in connection with the sale, directed that such Units be issued directly to MLRL instead of MUSREM.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 3865143 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.25000000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of Units "immediately before the transaction" and "immediately after the transaction" is based on 1,565,248,428 Units in issue as at 18 October 2019.

Remarks
Acquisition of Securities pursuant to rights issue Immediately after the transaction

No. of ordinary voting shares/units held: 443364 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.02800000 (Direct Interest); 0.00000000 (Deemed Interest) No. of rights/options/warrants held: 0 No. of shares/units underlying the rights/options/warrants: 0

N.A. However, the 443,364 Units are jointly owned by Veronica Julia McCann and her spouse, Steven John Baggot. The Manager had, on 2 October 2019, launched a pro rata and non-renounceable Preferential Offering of 72,855,530 New Units in Manulife US REIT on the basis of 52 New Units for every 1,000 existing Units (fractions of a New Unit to be disregarded) held as at 27 September 2019 at 5.00 p.m. at the issue price of US$0.860 per New Unit. (i) The percentage of Unitholdings "immediately before the transaction" is based on 1,492,392,898 Units in issue as at 30 September 2019. (ii) The percentage of Unitholdings "immediately after the transaction" is based on 1,565,248,428 Units in issue as at 18 October 2019.

Remarks
Acquisition of Securities pursuant to rights issue Immediately after the transaction

No. of ordinary voting shares/units held: 991325 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.06300000 (Direct Interest); 0.00000000 (Deemed Interest) No. of rights/options/warrants held: 0 No. of shares/units underlying the rights/options/warrants: 0

N.A. However, the 991,325 Units are jointly owned by Hsieh Tsun-Yan and his spouse, Hsieh Siauyih Goon. The Manager had, on 2 October 2019, launched a pro rata and non-renounceable Preferential Offering of 72,855,530 New Units in Manulife US REIT on the basis of 52 New Units for every 1,000 existing Units (fractions of a New Unit to be disregarded) held as at 27 September 2019 at 5.00 p.m. at the issue price of US$0.860 per New Unit. (i) The percentage of Unitholdings "immediately before the transaction" is based on 1,492,392,898 Units in issue as at 30 September 2019. (ii) The percentage of Unitholdings "immediately after the transaction" is based on 1,565,248,428 Units in issue as at 18 October 2019.

Remarks
Acquisition of Securities pursuant to rights issue Immediately after the transaction

No. of ordinary voting shares/units held: 6865143 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.44000000 (Direct Interest); 0.00000000 (Deemed Interest) No. of rights/options/warrants held: 0 No. of shares/units underlying the rights/options/warrants: 0

The Manager had, on 2 October 2019, launched a pro rata and non-renounceable Preferential Offering of 72,855,530 New Units in Manulife US REIT on the basis of 52 New Units for every 1,000 existing Units (fractions of a New Unit to be disregarded) held as at 27 September 2019 at 5.00 p.m. at the issue price of US$0.860 per New Unit. (i) The percentage of Unitholdings "immediately before the transaction" is based on 1,492,392,898 Units in issue as at 30 September 2019. (ii) The percentage of Unitholdings "immediately after the transaction" is based on 1,565,248,428 Units in issue as at 18 October 2019.

Remarks
Receipt of Provisional Allotment of New Units in Manulife US REIT pursuant to the Preferential Offering on the basis of 52 New Units for every 1,000 existing Units in Manulife US REIT (fractions of a New Unit to be disregarded) held as at the books closure date at 5.00 p.m. on Friday, 27 September 2019. Immediately after the transaction

No. of rights/options/warrants held: 49,000 No. of shares/units underlying the rights/options/warrants: 49,000

However, the Provisional Allotment of 49,000 New Units are jointly owned by Hsieh Tsun-Yan and his spouse, Hsieh Siauyih Goon.

Remarks
Receipt of Provisional Allotment of New Units in Manulife US REIT pursuant to the Preferential Offering on the basis of 52 New Units for every 1,000 existing Units in Manulife US REIT (fractions of a New Unit to be disregarded) held as at the books closure date at 5.00 p.m. on Friday, 27 September 2019. Immediately after the transaction

No. of rights/options/warrants held: 21,915 No. of shares/units underlying the rights/options/warrants: 21,915

However, the Provisional Allotment of 21,915 New Units are jointly owned by Veronica Julia McCann and her spouse, Steven John Baggott.

Remarks
Acquisition of Securities via a placement Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): USD 6,044,400 Immediately after the transaction

No. of ordinary voting shares/units held: 75808483 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 05.08 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Receipt of Provisional Allotment of New Units in Manulife US REIT pursuant to the Preferential Offering on the basis of 52 New Units for every 1,000 existing Units in Manulife US REIT (fractions of a New Unit to be disregarded) held as at the books closure date at 5.00 p.m. on Friday, 27 September 2019. Immediately after the transaction

No. of rights/options/warrants held: 339,341 No. of shares/units underlying the rights/options/warrants: 339,341

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: 8903200 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.64000000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of Units "immediately after the transaction" is based on 1,401,067,898 Units in issue as at 29 August 2019.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 6525802 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.47000000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of Units "immediately before the transaction" and "immediately after the transaction" is based on 1,401,067,898 Units in issue as at 29 August 2019. MUSREM has sold the Units that it is entitled to receive as payment of the base component of its management fee for the period from 1 April 2019 to 30 June 2019 (both dates inclusive) to Manufacturers Life Reinsurance Limited ("MLRL"), a wholly owned subsidiary of The Manufacturers Life Insurance Company, and has in connection with the sale, directed that such Units be issued directly to MLRL instead of MUSREM.

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: 8779113 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.63000000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of Units "immediately after the transaction" is based on 1,397,573,469 Units in issue as at 30 May 2019.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 6525802 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.47000000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of Units "immediately before the transaction" and "immediately after the transaction" is based on 1,397,573,469 Units in issue as at 30 May 2019. MUSREM has sold the Units that it is entitled to receive as payment of the base component of its management fee for the period from 1 January 2019 to 31 March 2019 (both dates inclusive) to Manufacturers Life Reinsurance Limited ("MLRL"), a wholly owned subsidiary of The Manufacturers Life Insurance Company, and has in connection with the sale, directed that such Units be issued directly to MLRL instead of MUSREM.

Remarks
MUSREM and John Hancock Life Insurance Company (U.S.A) ("JHUSA"), manager and property manager of Manulife US REIT, have sold the 2,603,759 Units and 1,186,192 Units that they are entitled to receive as payment of the base component of management fees and property management fees for the period from 1 October 2018 to 31 December 2018 (both dates inclusive) respectively to MLRL and have in connection with the sales, directed that such Units be issued directly to MLRL instead of MUSREM and JHUSA. Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): 2,603,759 Units at US$0.7522 per Unit; 1,186,192 Units at US$0.835 Unit Immediately after the transaction

No. of ordinary voting shares/units held: 1 (Direct Interest); 117669783 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 9.19000000 (Deemed Interest)

MFAL wholly owns MIHL and is therefore deemed to be interested in MIHL's deemed interest in 80,473,188 Units. MFAL also wholly owns Manufacturers Life Reinsurance Limited ("MLRL") and is therefore deemed to be interested in MLRL's direct interest in 30,670,793 Units. MFAL also wholly owns Manulife US Real Estate Management Pte. Ltd. ("MUSREM") and is therefore deemed to be interested in MUSREM's direct interest in 6,525,802 Units. MIL is a wholly-owned subsidiary of MIHL, which is in turn a wholly-owned subsidiary of MFAL. MFAL is a wholly-owned subsidiary of MHBL, which is in turn a wholly-owned subsidiary of the Sponsor. The Sponsor is a wholly-owned subsidiary of MFC, which is a publicly listed entity. Percentage of total number of Units "immediately before the transaction" and "immediately after the transaction" is based on 1,276,324,424 Units in issue and 1,280,114,375 Units in issue respectively.

Remarks
MUSREM and John Hancock Life Insurance Company (U.S.A) ("JHUSA"), manager and property manager of Manulife US REIT, have sold the 2,603,759 Units and 1,186,192 Units that they are entitled to receive as payment of the base component of management fees and property management fees for the period from 1 October 2018 to 31 December 2018 (both dates inclusive) respectively to MLRL and have in connection with the sales, directed that such Units be issued directly to MLRL instead of MUSREM and JHUSA. Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): 2,603,759 Units at US$0.7522 per Unit; 1,186,192 Units at US$0.835 Unit Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 117669784 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 9.19000000 (Deemed Interest)

MFC wholly owns the Sponsor and is therefore deemed to be interested in the Sponsor's deemed interest in 117,669,784 Units. MIL is a wholly-owned subsidiary of MIHL, which is in turn a wholly-owned subsidiary of MFAL. MFAL is a wholly-owned subsidiary of MHBL, which is in turn a wholly-owned subsidiary of the Sponsor. The Sponsor is a wholly-owned subsidiary of MFC, which is a publicly listed entity. Percentage of total number of Units "immediately before the transaction" and "immediately after the transaction" is based on 1,276,324,424 Units in issue and 1,280,114,375 Units in issue respectively.

Remarks
MUSREM and John Hancock Life Insurance Company (U.S.A) ("JHUSA"), manager and property manager of Manulife US REIT, have sold the 2,603,759 Units and 1,186,192 Units that they are entitled to receive as payment of the base component of management fees and property management fees for the period from 1 October 2018 to 31 December 2018 (both dates inclusive) respectively to MLRL and have in connection with the sales, directed that such Units be issued directly to MLRL instead of MUSREM and JHUSA. Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): 2,603,759 Units at US$0.7522 per Unit; 1,186,192 Units at US$0.835 Unit Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 117669784 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 9.19000000 (Deemed Interest)

MHBL wholly owns MFAL and is therefore deemed to be interested in MFAL's direct interest in 1 Unit and deemed interest in 117,669,783 Units. MIL is a wholly-owned subsidiary of MIHL, which is in turn a wholly-owned subsidiary of MFAL. MFAL is a wholly-owned subsidiary of MHBL, which is in turn a wholly-owned subsidiary of the Sponsor. The Sponsor is a wholly-owned subsidiary of MFC, which is a publicly listed entity. Percentage of total number of Units "immediately before the transaction" and "immediately after the transaction" is based on 1,276,324,424 Units in issue and 1,280,114,375 Units in issue respectively.

Remarks
MUSREM and John Hancock Life Insurance Company (U.S.A) ("JHUSA"), manager and property manager of Manulife US REIT, have sold the 2,603,759 Units and 1,186,192 Units that they are entitled to receive as payment of the base component of management fees and property management fees for the period from 1 October 2018 to 31 December 2018 (both dates inclusive) respectively to MLRL and have in connection with the sales, directed that such Units be issued directly to MLRL instead of MUSREM and JHUSA. Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): 2,603,759 Units at US$0.7522 per Unit; 1,186,192 Units at US$0.835 Unit Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 117669784 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 9.19000000 (Deemed Interest)

The Sponsor wholly owns MHBL and is therefore deemed to be interested in MHBL's deemed interest in 117,669,784 Units. MIL is a wholly-owned subsidiary of MIHL, which is in turn a wholly-owned subsidiary of MFAL. MFAL is a wholly-owned subsidiary of MHBL, which is in turn a wholly-owned subsidiary of the Sponsor. The Sponsor is a wholly-owned subsidiary of MFC, which is a publicly listed entity. Percentage of total number of Units "immediately before the transaction" and "immediately after the transaction" is based on 1,276,324,424 Units in issue and 1,280,114,375 Units in issue respectively.

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: 9129561 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.71300000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of Units "immediately after the transaction" is based on 1,280,114,375 Units in issue as at 27 February 2019.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 6525802 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.50900000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of Units "immediately before the transaction" and "immediately after the transaction" is based on 1,280,114,375 Units in issue as at 27 February 2019. MUSREM has sold the Units that it is entitled to receive as payment of the base component of its management fee for the period from 1 October 2018 to 31 December 2018 (both dates inclusive) to Manufacturers Life Reinsurance Limited ("MLRL"), a wholly owned subsidiary of The Manufacturers Life Insurance Company, and has in connection with the sale, directed that such Units be issued directly to MLRL instead of MUSREM.

Remarks
Acquisition of Securities via market transaction Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 76839142 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 6.02035000 (Deemed Interest)

Prudential plc is a substantial shareholder by virtue of its deemed interest in the units managed by its subsidiaries as fund managers. Percentages are based on total issued voting units (excluding treasury units) of 1,276,324,424.

Remarks
Acquisition of Securities via market transaction Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 76839142 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 6.02035000 (Deemed Interest)

Prudential Corporation Asia Limited is a substantial shareholder by virtue of its deemed interest in the units managed by its subsidiaries as fund managers. Percentages are based on total issued voting units (excluding treasury units) of 1,276,324,424.

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: 8931116 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.70000000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of Units "immediately after the transaction" is based on 1,276,324,424 Units in issue as at 29 November 2018.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 6525802 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.51000000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of Units "immediately before the transaction" and "immediately after the transaction" is based on 1,276,324,424 Units in issue as at 29 November 2018. MUSREM has sold the Units that it is entitled to receive as payment of the base component of its management fee for the period from 1 July 2018 to 30 September 2018 (both dates inclusive) to Manufacturers Life Reinsurance Limited ("MLRL"), a wholly owned subsidiary of The Manufacturers Life Insurance Company, and has in connection with the sale, directed that such Units be issued directly to MLRL instead of MUSREM.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 68011842 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 5.34395000 (Deemed Interest)

Prudential Corporation Asia Limited ("PCAL") is a wholly owned subsidiary of Prudential plc. Arising from PCAL's majority shareholding acquisition of TMB Asset Management Co. Ltd. ("TMBAM"), Prudential plc is a substantial shareholder of Manulife US Real Estate Investment Trust by virtue of Prudential plc's deemed interest in the units managed by its subsidiaries as fund managers. Percentages are based on total issued voting units (excluding treasury units) of 1,272,689,270.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 68011842 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 5.34395000 (Deemed Interest)

Arising from Prudential Corporation Asia Limited ("PCAL")'s majority shareholding acquisition of TMB Asset Management Co. Ltd. ("TMBAM"), PCAL is a substantial shareholder of Manulife US Real Estate Investment Trust by virtue of PCAL's deemed interest in the units managed by its subsidiaries as fund managers. Percentages are based on total issued voting units (excluding treasury units) of 1,272,689,270.

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: 8434169 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.66000000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of Units "immediately after the transaction" is based on 1,272,689,270 Units in issue as at 27 Aug 2018.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 6525802 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.51000000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of Units "immediately before the transaction" and "immediately after the transaction" is based on 1,272,689,270 Units in issue as at 27 Aug 2018. MUSREM has sold the Units that it is entitled to receive as payment of the base component of its management fee for the period from 1 April 2018 to 30 June 2018 (both dates inclusive) to Manufacturers Life Reinsurance Limited ("MLRL"), a wholly owned subsidiary of The Manufacturers Life Insurance Company, and has in connection with the sale, directed that such Units be issued directly to MLRL instead of MUSREM.

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: 6525802 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.51000000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of Units "immediately before the transaction" and "immediately after the transaction" is based on 1,269,858,052 Units in issue as at 28 June 2018.

Remarks
Manulife US REIT has issued 227,935,981 new units pursuant to the Preferential Offering on 20 June 2018. Immediately after the transaction

No. of ordinary voting shares/units held: 3183834 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.25000000 (Direct Interest); 0.00000000 (Deemed Interest) No. of rights/options/warrants held: 0 No. of shares/units underlying the rights/options/warrants: 0

The percentage of unitholdings before and after the transaction is calculated based on 1,266,516,084 units issued.

Remarks
Manulife US REIT has issued 227,935,981 new units pursuant to the Preferential Offering on 20 June 2018. Immediately after the transaction

No. of ordinary voting shares/units held: 421449 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.03300000 (Direct Interest); 0.00000000 (Deemed Interest) No. of rights/options/warrants held: 0 No. of shares/units underlying the rights/options/warrants: 0

The percentage of unitholdings before and after the transaction is calculated based on 1,266,516,084 units issued.

Remarks
Manulife US REIT has issued 227,935,981 new units pursuant to the Preferential Offering on 20 June 2018. Immediately after the transaction

No. of ordinary voting shares/units held: 172000 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.01300000 (Direct Interest); 0.00000000 (Deemed Interest) No. of rights/options/warrants held: 0 No. of shares/units underlying the rights/options/warrants: 0

The percentage of unitholdings before and after the transaction is calculated based on 1,266,516,084 units issued.

Remarks
Manulife US REIT has issued 227,935,981 new units pursuant to the Preferential Offering on 20 June 2018. Immediately after the transaction

No. of ordinary voting shares/units held: 942325 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.07400000 (Direct Interest); 0.00000000 (Deemed Interest) No. of rights/options/warrants held: 0 No. of shares/units underlying the rights/options/warrants: 0

The percentage of unitholdings before and after the transaction is calculated based on 1,266,516,084 units issued.

Remarks
Provisional Allotment of New Units in Manulife US REIT pursuant to the Preferential Offering on the basis of 22 New Units for every 100 existing units in Manulife US REIT held as at the books closure date at 5.00 p.m. on Thursday, 24 May 2018. Immediately after the transaction

No. of rights/options/warrants held: 75,999 No. of shares/units underlying the rights/options/warrants: 75,999

Remarks
Provisional Allotment of New Units in Manulife US REIT pursuant to the Preferential Offering on the basis of 22 New Units for every 100 existing units in Manulife US REIT held as at the books closure date at 5.00 p.m. on Thursday, 24 May 2018. Immediately after the transaction

No. of rights/options/warrants held: 31,020 No. of shares/units underlying the rights/options/warrants: 31,020

Remarks
Provisional Allotment of New Units in Manulife US REIT pursuant to the Preferential Offering on the basis of 22 new units for every 100 existing units in Manulife US REIT held as at the books closure date at 5.00 p.m. on Thursday, 24 May 2018. Immediately after the transaction

No. of rights/options/warrants held: 169,927 No. of shares/units underlying the rights/options/warrants: 169,927

Remarks
Provisional allotment of new units in Manulife US REIT pursuant to the Preferential Offering on the basis of 22 new units for every 100 existing units in Manulife US REIT held as at the books closure date at 5.00 p.m. on Thursday, 24 May 2018. Immediately after the transaction

No. of rights/options/warrants held: 574,134 No. of shares/units underlying the rights/options/warrants: 574,134

Remarks
MUSREM and John Hancock Life Insurance Company (U.S.A) ("JHUSA"), manager and property manager of Manulife US REIT, have sold the 1,689,003 Units and 818,456 Units that they are entitled to receive as payment of the base component of management fees and property management fees for the period from 1 January 2018 to 31 March 2018 (both dates inclusive) respectively to MLRL and have in connection with the sales, directed that such Units be issued directly to MLRL instead of MUSREM and JHUSA. Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): 1,689,003 Units at US$0.9256 per Unit; 818,456 Units at US$0.9256 Unit Immediately after the transaction

No. of ordinary voting shares/units held: 1 (Direct Interest); 85756668 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 8.26000000 (Deemed Interest)

MFAL wholly owns MIHL and is therefore deemed to be interested in MIHL's deemed interest in 65,961,631 Units. MFAL also wholly owns Manufacturers Life Reinsurance Limited ("MLRL") and is therefore deemed to be interested in MLRL's direct interest in 17,185,337 Units. MFAL also wholly owns Manulife US Real Estate Management Pte. Ltd. ("MUSREM") and is therefore deemed to be interested in MUSREM's direct interest in 2,609,700 Units. MIL is a wholly-owned subsidiary of MIHL, which is in turn a wholly-owned subsidiary of MFAL. MFAL is a wholly-owned subsidiary of MHBL, which is in turn a wholly-owned subsidiary of the Sponsor. The Sponsor is a wholly-owned subsidiary of MFC, which is a publicly listed entity. Percentage of total number of Units "immediately before the transaction" and "immediately after the transaction" is based on 1,036,072,644 Units in issue and 1,038,580,103 Units in issue respectively.