OUE : Announcement dated 3 April 2023 which sets out the alternative arrangements for the AGM

OUE LIMITED

(Company Registration No. 196400050E)

Incorporated in the Republic of Singapore

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ANNUAL GENERAL MEETING TO BE HELD ON 25 APRIL 2023

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1. Background. OUE Limited (the "Company") refers to:
2. 1. the COVID-19 (Temporary Measures) Act 2020 which enables the Minister for Law by order to prescribe alternative arrangements for listed companies in Singapore to, inter alia, conduct general meetings, either wholly or partly, by electronic communication, video conferencing, tele-conferencing or other electronic means;
   2. the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 (the "Order") which sets out the alternative arrangements in respect of, inter alia, general meetings of companies; and
   3. the joint statement by the Accounting and Corporate Regulatory Authority, Monetary Authority of Singapore and Singapore Exchange Regulation of 13 April 2020 (and subsequently updated on 27 April 2020, 22 June 2020, 1 October 2020 and 4 February 2022), read together with the FAQs on "The Holding of General Meetings" issued by Singapore Exchange Regulation on 23 May 2022, which provides guidance on the conduct of general meetings amid the evolving COVID-19 situation.
3. Date, time and conduct of Annual General Meeting. The Company is pleased to announce that pursuant to the Order, its annual general meeting ("AGM") will be convened and held by way of electronic means on Tuesday, 25 April 2023 at 10.00 a.m.(Singapore time).
   Representative(s) from the Board of Directors will conduct the proceedings of the AGM.
4. Notice of AGM and proxy form. The Notice of AGM and proxy form will be sent to shareholders solely by electronic means via publication on our corporate website and the SGX website1. Printed copies of these documents will notbe sent to shareholders.
5. No personal attendance at AGM. As the AGM will be conducted in an electronic format, shareholders, including CPF and SRS investors, will not be able to attend the AGM in person.
   To facilitate shareholder engagement, the Company will implement real-time remote electronic voting ("live" voting) and real-time electronic communications ("live" Q&A) at the AGM.
6. Alternative arrangements for participation in the AGM. Shareholders, including CPF and SRS investors, may participate in the AGM by:
7. 1. observing and/or listening to the AGM proceedings via live audio-visual webcast or live audio-only stream;
   2. submitting questions to the Chairman of the Meeting in advance of, or "live" at, the AGM; and/or
   3. voting at the AGM (i) "live" by the shareholders themselves or their duly appointed proxy(ies) (other than the Chairman of the Meeting)2 via electronic means; (ii) "live" by the CPF or SRS investors themselves via electronic means if they are appointed as proxies by their respective CPF Agent Banks or SRS Operators; or (iii) by appointing the Chairman of the Meeting as proxy to vote on their behalf at the AGM.

1. The Notice of AGM and proxy form may be accessed at our corporate website at the URLhttps://oue.com.sg/investor-relations/agm-egmand the SGX website at the URL https://www.sgx.com/securities/company-announcements.
2. For the avoidance of doubt, CPF and SRS investors will not be able to appoint third party proxy(ies) (i.e., persons other than the Chairman of the Meeting) to vote "live" at the AGM on their behalf.

Details of the steps for pre-registration, submission of questions and voting at the AGM by shareholders, including CPF and SRS investors, are set out in the Appendix to this announcement.

In particular, CPF and SRS investors should note that they (i) may vote "live" via electronic means at the AGM if they are appointed as proxies by their respective CPF Agent Banks or SRS Operators, and should contact their respective CPF Agent Banks or SRS Operators if they have any queries regarding their appointment as proxies; or (ii) may appoint the Chairman of the Meeting as proxy to vote on their behalf at the AGM, in which case they should approach their respective CPF Agent Banks or SRS Operators to submit their votes by 5.00 p.m. on 13 April 2023.

6. Pre-registration. Shareholders (including CPF and SRS investors) who wish to observe and/or listen to the live audio-visual webcast or live audio-only stream of the AGM proceedings must pre-register themselves for the AGM at the pre-registration website at the URL https://oue.com.sg/agm2023-registrationfrom 3 April 2023 up to 10.00 a.m. on 22 April 2023 to enable the Company to verify their status.

Shareholders (other than CPF and SRS investors) who wish to appoint a proxy(ies) (other than the Chairman of the Meeting) and who submit instruments appointing a third party proxy(ies) by post or via email, do notneed to pre-register their proxy(ies) at the pre-registration website, as the Company will arrange for validly appointed third party proxy(ies) to be pre-registered on such shareholders' behalf.

Please note that the pre-registration website and live audio-visual webcast are not supported by Internet Explorer. Shareholders are advised to use the latest versions of Chrome, Safari, Edge or Firefox to access the pre-registration website and live audio-visual webcast.

7. Persons who hold shares through relevant intermediaries. Persons who hold shares of the Company through relevant intermediaries (as defined in Section 181 of the Companies Act 1967), other than CPF and SRS investors, and who wish to participate in the AGM by:

1. observing and/or listening to the AGM proceedings via live audio-visual webcast or live audio-only stream;
2. submitting questions to the Chairman of the Meeting in advance of, or "live" at, the AGM; and/or
3. voting at the AGM (i) "live" via electronic means; or (ii) by appointing a proxy to vote on their behalf at the AGM,

should contact the relevant intermediary through which they hold such shares as soon as possible in order for the necessary arrangements to be made for their participation in the AGM.

8. Annual Report 2022 and Letter to Shareholders. The Annual Report for the financial year ended 31 December 2022 (the "Annual Report 2022") and the Letter to Shareholders dated 3 April 2023 (in relation to the proposed renewal of the share purchase mandate) may be accessed at our corporate website at the URL https://oue.com.sg/investor-relations/annual-reportsas follows:

1. the Annual Report 2022 may be accessed by clicking on the hyperlink "2022 Annual Report"; and
2. the Letter to Shareholders dated 3 April 2023 may be accessed by clicking on the hyperlink "(Letter to Shareholders)" under "2022 Annual Report".

The above documents may also be accessed at the SGX website at the URL https://www.sgx.com/securities/company-announcements.

1. Record and payment dates for final dividend. The Share Transfer Books and the Register of Members of the Company will be closed on 18 May 2023 for the preparation of dividend warrants relating to the proposed dividend, subject to shareholders' approval of the proposed dividend at the AGM. Duly completed transfers in respect of ordinary shares of the Company together with all relevant documents of title received by the Company's Share Registrar, M & C Services Private Limited, at 112 Robinson Road #05-01, Singapore 068902 up to 5.00 p.m. on 17 May 2023 (the "Record Date") will be registered to determine shareholders' entitlements to the proposed dividend. Subject as aforesaid, shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with ordinary shares of the Company as at 5.00 p.m. on the Record Date will be entitled to the proposed dividend. The proposed dividend, if approved by shareholders at the AGM, will be paid on 31 May 2023.
2. Key dates/deadlines. In summary, the key dates/deadlines which shareholders should take note of are set out in the table below:

2

3

APPENDIX

Steps for pre-registration, submission of questions and voting at the AGM

Shareholders, including CPF and SRS investors, will be able to observe and/or listen to the AGM proceedings through a live audio-visual webcast via their mobile phones, tablets or computers or through a live audio-only stream via telephone, submit questions in advance of, or "live" at, the AGM and/or vote at the AGM (i) "live" by the shareholders themselves or their duly appointed proxy(ies) (other than the Chairman of the Meeting)3 via electronic means; (ii) "live" by the CPF or SRS investors themselves via electronic means if they are appointed as proxies by their respective CPF Agent Banks or SRS Operators; or (iii) by appointing the Chairman of the Meeting as proxy to vote on their behalf at the AGM.

To do so, they will need to complete the following steps: