HONG KONG, CHINA - Media OutReach - 14 February 2019 -Henderson Sunlight Asset Management Limited (the "Manager") is pleased to announce the interim results of Sunlight REIT for the six months ended 31 December 2018 (the "Reporting Period").

SunlightREIT continued to make healthy progress during the Reporting Period, as revenueand net property income ("NPI") registered6.4% and 9.2% year-on-year ("YoY")growth to HK$424.9 million and HK$338.7 million respectively. Improvement in passing rent and initial contribution from The Harvest (formerlyFung Shun Commercial Building) were the main drivers behind thisperformance.

Distributable income rose 8.2% YoY to HK$231.6 million. The Board has resolved to declare an interimdistribution per unit of HK 13.2 cents, representing a payout ratio of 93.9% and anincrease of 4.8% YoY.

The portfolio of Sunlight REIT was appraised at HK$19,452.5 million at 31 December 2018, up 3.7% from 30 June 2018.Meanwhile, its net assets grew 4.2% to HK$15,476.3 million, which translates to a netasset value of HK$9.40 per unit.

Operating Highlights

The overall occupancy of Sunlight REIT's portfolio was 96.7% at 31 December 2018 (30 June 2018: 98.2%).  Office occupancy was 95.7% (30 June 2018: 97.8%), a slight decline mainly attributableto the higher vacancies recorded at Bonham Trade Centre in preparation for the upcoming asset enhancement, and at The Harvest upon expiry of the saleand lease back arrangement for the office portion withthe previous owner. The retail portfolio maintained a satisfactory occupancy rateof 98.9% (30 June 2018: 99.2%). Passingrent of office and retail portfolio rose 2.7% and 2.0% from six months ago to HK$34.7 persq. ft. and HK$75.4 per sq. ft. respectively.

Underpinned by an upsurge inoffice rents in decentralized areas and a decent rebound in visitor arrivalsfrom China, Sunlight REIT achieved an overall rental reversion of 10.6% during the Reporting Period. In particular, the top three propertiesof Sunlight REIT, namely Sunlight Tower, Sheung Shui Centre Shopping Arcade andMetro City Phase I Property, recorded rental reversions of 12.8%, 10.1% and 13.0%respectively.

Mr. WuShiu Kee, Keith, Chief Executive Officer of the Manager, said, "Looking ahead, while marketvolatility will remain a notable feature in 2019, the Manager remains positiveto the medium-term prospects of SunlightREIT which is poised to benefit from the favourable rental reversionary trendand the ongoing asset enhancement initiatives. Given its strong financial war chest, SunlightREIT is also well positioned to conduct unit buy-backs, as well as tocapitalize on any attractive acquisition opportunities which may arise."

Remarks: Attached highlights of the FY2018/19Interim Results of Sunlight REIT.

About Sunlight REIT

Sunlight REIT (Stock Code:435) is a real estate investment trust authorized by the Securities and FuturesCommission and constituted by the trust deed dated 26 May 2006 (as amended andsupplemented by six supplemental deeds) (the "Trust Deed") and has been listed on The Stock Exchange of Hong KongLimited since 21 December 2006. Sunlight REIT offers investors the opportunityto invest in a diversified portfolio of 11 office and five retail properties inHong Kong with a total gross rentable area of approximately 1.2 million sq.ft.. The office properties are primarily located in core business areas,including Wan Chai and Sheung Wan/Central, as well as in decentralized businessareas such as Mong Kok and North Point. The retail properties are primarilysituated in regional transportation hubs and new towns including Sheung Shui,Tseung Kwan O and Yuen Long, as well as in urban areas with high populationdensity.

About the Manager

The Manager of Sunlight REITis an indirect wholly-owned subsidiary of Henderson Land Development CompanyLimited (恒基兆業地產有限公司); its responsibility is to manage Sunlight REIT inthe sole interest of the unitholders in accordance with the Trust Deed.

Highlightsof FY2018/19 Interim Results:

(in HK$' million, unless otherwise specified)

Disclaimer:

The information contained inthis press release does not constitute an offer or invitation to sell or thesolicitation of an offer or invitation to purchase or subscribe for units inSunlight REIT in Hong Kong or any other jurisdiction.