Manulife US REIT - Annual Report 2020

Relative Price Performance for the Period 2 January to 31 December 2020 (%) Unit Price Performance Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec MUST FTSE Straits Times Index FTSE REIT Index 10 0 -10 -20 -30 -40 -50 Monthly Trading Performance Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Unit price (US$) Trading volume (million units) Trading volume (million units) Unit price at the end of each month 1.060 240 180 120 60 0 1.2 1.0 0.8 0.6 0.4 0.2 0.0 94.9 109.2 231.9 96.3 58.7 92.2 60.0 66.8 43.0 50.3 61.4 53.4 -25.5% -7.7% -11.8% 0.970 0.725 0.725 0.830 0.755 0.770 0.745 0.740 0.705 0.745 0.745 1 Same as closing price as at 31 December 2019. Open (2 January 2020) 1 US$ 1.000 Average Daily Trading Volume in FY2020 4.0 million units Close (31 December 2020) US$ 0.745 High (30 January 2020) US$ 1.080 Low (23 March 2020) US$ 0.545 Total Trading Volume in FY2020 1,017.9 million units Market Capitalisation as at 31 December 2020 US$ 1.2 billion Number Of Units In Issue as at 31 December 2020 1,582,933,022 units 3 ANNUAL REPORT 2020