The Link Real Estate Investment Trust

(a collective investment scheme authorised under section 104

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

(stock code: 823) PROXY FORM FOR USE AT THE EXTRAORDINARY GENERAL MEETING OF UNITHOLDERS TO BE HELD ON 18 FEBRUARY 2014 OR AT ANY ADJOURNMENT THEREOF

I/We (Note 1)

of being the registered holder(s) of (Note 2) unit(s) of The Link Real Estate Investment Trust ("The Link REIT") HEREBY APPOINT the chairman of the meeting or (Note 3)

of

as my/our proxy to attend on my/our behalf at the extraordinary general meeting of the unitholders of The Link REIT ("EGM") to be held at Salon 5 and 6, JW Marriott Ballroom, Level 3, JW Marriott Hotel Hong Kong, Pacific Place, 88

Queensway, Hong Kong on Tuesday, 18 February 2014 at 10:00 a.m. (or at any adjournment thereof) and, on a poll, to vote on my/our behalf and in my/our name(s) in respect of the following special resolutions as indicated below or, if no such indication is given, as my/our proxy/proxies thinks/think fit:

Special Resolutions#

For (Note 4)

Against (Note 4)

1

To approve the Expanded Geographical Investment Scope

2

To approve the Investment Scope Trust Deed Amendments

3

To approve the Other Trust Deed Amendments in relation to provisions regarding Authorised Investments and related activities

4

To approve the Other Trust Deed Amendments in relation to provisions regarding issue of Units and/or Convertible Instruments to a Connected Person and other matters relating to issue of Units

5

To approve the Other Trust Deed Amendments in relation to provisions regarding the Manager's and the Trustee's ability to borrow or raise money for The Link REIT

6

To approve the Other Trust Deed Amendments to allow procedural or administrative matters to be voted by a show of hands

7

T o approve the Other Trust Deed Amendments in relation to other miscellaneous matters

# Capitalised terms have the meanings ascribed to them in the circular dated 17 January 2014 and full text of each of the Special Resolutions nos. 1 to 7 is set out in the notice of EGM dated 17 January 2014.

Dated the day of 2014 Signature(s) of Unitholder(s)(Note 5):

Notes:
1. Full name(s) and address(es) to be inserted in BLOCK CAPITALS. The names of all joint holders should be stated.
2. Please insert the number of units of The Link REIT registered in your name(s) to which this proxy form is to relate. If no number of units is inserted, this proxy form will be deemed to relate to all the units of The Link REIT registered in your name(s). If a number of units is inserted, this proxy form will be deemed to relate only to that number of units.
3. Any unitholder entitled to attend the EGM is entitled to appoint one or more proxies to attend in his/her stead. A proxy need not be a unitholder. If any proxy other than the chairman of the EGM is preferred, please delete the words "the chairman of the meeting or" and insert the name(s) and address(es) of the proxy/proxies desired in the space provided. If more than one proxy is appointed, the appointment shall specify the number of units in respect of which each such proxy is appointed.

4. IMPORTANT: IF YOU WISH TO VOTE FOR A PARTICULAR RESOLUTION, PLEASE INSERT A "