Metro Holdings Limited continues to deepen its presence across its key markets of Australia, the United Kingdom (the "UK") and Singapore. Australia - Acquires its 17th property with the purchase of Shepparton Marketplace in Victoria In Australia, Metro, together with its Joint Venture partner, the Sim Lian Group of Companies ("Sim Lian") acquired freehold neighbourhood retail centre Shepparton Marketplace ("Shepparton") in Victoria for a purchase consideration of approximately AUD 92.0 million (approximately SGD 85.7 million). The Australian portfolio will hold in total 17 quality freehold properties comprising 4 office buildings and 13 retail centres spanning across 4 key states, namely New South Wales, Victoria, Queensland and Western Australia, with a total appraised value of approximately AUD 1.2 billion (approximately SGD 1.1 billion) and has a high occupancy of 95.1% and a weighted average lease expiry ("WALE") of approximately 6.1 years by income.

Metro further expands its existing Australian portfolio with this acquisition, allowing more synergies in asset and leasing management in Victoria, with a more balanced retail exposure across New South Wales and Queensland. UK - Grows Purpose-Built Student Accommodation Fund ("PBSA") with four acquisitions in Exeter, Durham, Glasgow and Kingston In May 2022, Metro grows its student accommodation fund in the UK with four acquisitions in Exeter, Durham, Glasgow and Kingston for a total purchase consideration of approximately GBP 74.4 million (approximately SGD 119.0 million). Together with the two existing properties of Red Queen, Warwick, and Dean Street Works, Bristol, the total portfolio of six freehold PBSA properties is valued at GBP 130.0 million (approximately SGD 208 million) and achieved a high committed average occupancy rate of 99.2% as at 30 June 2022.