Manulife US REIT - Annual Report 2020

The transactions entered into with interested persons during the financial year, which fall under the Listing Manual of the SGX-ST and Property Funds Appendix of the Code of Collective Investment Scheme, are as follows: Name of Interested Person Nature of relationship Aggregate value of all interested person transactions during the nancial year under review (excluding transactions less than S$100,000 and transactions conducted under Unitholders’ mandate pursuant to Rule 920) Aggregate value of all interested person transactions conducted under Unitholders’ mandate pursuant to Rule 920 (excluding transactions less than S$100,000) US$’000 US$’000 Manulife US Real Estate Management Pte. Ltd. Manager – Base fees 8,897 – John Hancock Life Insurance Company (U.S.A) (“JHUSA”) A subsidiary of the controlling shareholder of the Manager – Rental and other related income 2,699 – – Tenant improvement allowances 177 – – Property management fees, leasing fees and construction supervision fees including reimbursable 12,402 – – Reimbursement of withholding taxes paid by JHUSA to U.S. Internal Revenue Service on behalf of Manulife US REIT 202 – DBS Trustee Ltd Trustee – Trustee fees 288 – For the purpose of the disclosure, the full contract sum was used where an interested person transaction had a fixed term and contract value, while the annual amount incurred and accrued was used where an interested person transaction had an indefinite term or where the contract sum was not specified. Save as disclosed above, there were no additional interested person transactions (excluding transactions less than S$100,000) and Manulife US REIT has not obtained a general mandate from Unitholders for interested person transactions. The fees and charges payable by Manulife US REIT to the Manager under the Trust Deed and to JHUSA under the Master Property Management Agreement and the Property Management Agreements form part of the Exempted Agreements as set out in Manulife US REIT’s Prospectus dated 12 May 2016, each of which constitutes an Interested Person Transaction. Accordingly, such transactions are deemed to have been specifically approved by the Unitholders upon subscription for the Units and are therefore not subject to Rules 905 and 906 of the Listing Manual to the extent that specific information on these agreements have been disclosed in the Prospectus and there is no subsequent change to the rates and/or bases of the fees charged thereunder which will adversely affect Manulife US REIT. Please also see Related Party Transactions in Note 25 to the Financial Statements. SUBSCRIPTION OF MANULIFE US REIT UNITS For the financial year ended 31 December 2020, an aggregate of 14,260,319 Units were issued and subscribed for in relation to the Manager’s base fees, Manager’s performance fees and Property Manager’s management fees. On 25 February 2021, an aggregate of 8,727,923 Units were issued in relation to the payment of Manager’s base fees and Property Manager’s management fees for the second half of 2020. 167 ANNUAL REPORT 2020 INTERESTED PERSON TRANSACTIONS