1. What is a Real Estate Investment Trust (REIT)?
   A REIT is a collective investment scheme constituted as a real estate investment trust that invests primarily in income-producing real    estate and real estate related assets and uses the income from the properties, net of expenses, to provide returns to its unitholders.

   An investment in a REIT provides an opportunity for investors to pool their resources into a fund to enable the fund to acquire a    selected portfolio of investments primarily in real properties managed by qualified managers.

2. What is Starhill REIT?
   Starhill REIT is a real estate investment trust established on 18 November 2005 and listed on the Main Board of Bursa Securities on    16 December 2005. Starhill REIT is an income and growth type fund, with an investment objective of owning and investing in real    estate and real estate-related assets, whether directly or indirectly through the ownership of single-purpose companies whose    principal assets comprise real estate.

   Please click here to see the structure of Starhill REIT.

3. How do I invest in Starhill REIT?
   You can buy units in Starhill REIT, which is listed on Bursa Securities, through your stockbroker. For investors outside Malaysia,    please consult your local stockbroker who may deal in securities listed in Malaysia.

4. How often does Starhill REIT make income distributions?
   Income distributions are paid within 2 months of the end of the financial period. In Starhill REIT's case, income distributions are paid    no later than 28 February (for final year end distributions) and 31 August (for interim half year distributions) each year. Additional    interim income distributions may also be made at different periods throughout the year, as recommended by the Board of Directors    and approved by the Trustee.

5. How are these Income Distributions paid?
   Cheques are issued to each entitled Unitholder, together with an attached tax voucher detailing the unitholder's entitlement and the    gross and net amounts paid.

6. Do I have to pay tax on Income Distributions?
   Where Starhill REIT distributes income that is exempt from tax under Section 61A(1) of the Income Tax Act 1965 to the unitholders    (other than resident companies), Starhill REIT, upon distributing the income, deducts tax at the following rates:

Type of Unitholder  Rate of Withholding Tax  Resident and non-resident individual  15%  Non-resident company  27%  Local institutional investor  15%  Foreign institutional investor  20%  Resident company  Tax flow through

7. Where can I view Starhill REIT's Deed ?
   The Deed is available for Unitholders' inspection at the registered office of the Manager situated at the 11th Floor, Yeoh Tiong Lay    Plaza, 55 Jalan Bukit Bintang, 55100 Kuala Lumpur, Malaysia.

8. How many Starhill REIT Units are currently in issue?
   As at 31 May 2007, a total of 1,178,888,889 Units were in issue.

9. When can new Units be issued?
   The Manager may issue further Units by any method permitted under the REIT Guidelines and upon such terms as determined by the    Manager, in accordance with the provisions of the SCA, the REIT Guidelines, the Listing Requirements and any other applicable    regulatory requirements. Subject to the provisions of the REIT Guidelines, the SCA and any applicable laws, the Manager shall    determine the Issue Price for new Units on market-based principles, taking into account the best interests of Starhill REIT and the    Unitholders.

   Units, when listed on the Bursa Securities, may be traded on the Bursa Securities and settled through the Bursa Depository system.

10. What are my rights as a Unitholder?
   The key rights of Unitholders include rights to:
   › receive income and other distributions attributable to Units held;
   › transfer Units;
   › receive the annual report and interim fund reports;
   › convene, attend and vote at meetings of Unitholders; and
   › participate in the winding up of Starhill REIT.

11. Under what circumstances can a Meeting of Unitholders be called?
   The Trustee, or the Manager on behalf of the Trustee. may at any time convene a meeting of Unitholders. The Manager must, within    21 days after an application is delivered to the Manager at its registered office, being an application made by not fewer than 50    Unitholders or one-tenth in number of the Unitholders, whichever is less, convene a meeting of Unitholders. The Manager may not    exercise the voting rights in respect of the Units it or its nominees hold in any meeting of Unitholders, regardless of the party who    requested the meeting and the matter or matters that are laid before the meeting. Any related corporation (as defined in the SCA) of    the Manager may not exercise the voting rights in respect of the Units it holds in any meeting.

12. What are the key obligations of the Manager?
   The Manager must carry on and conduct its business in a proper, diligent and efficient manner and ensure that Starhill REIT is carried    on and conducted in a proper, diligent and efficient manner and in accordance with acceptable and efficacious business practices in    the real estate investment trust industry in Malaysia. Subject to the provisions of the Deed, the Manager is responsible for managing    Starhill REIT. The Manager has full and complete powers of management and must manage the Starhill REIT (including all assets, and    liabilities of Starhill REIT) for the benefit of the holders of Units.

LIST OF ABBREVIATIONS

Board of Directors  Board of Directors of the Manager  Bursa Depository  Bursa Malaysia Depository Sdn. Bhd.  Bursa Securities  Bursa Malaysia Securities Berhad  CDS  Central Depository System  CDS Account  an account established at Bursa Depository for a Depositor for the recording  of deposit of securities and for dealing in such securities by the Depositor  Central Depositories Act  the Securities Industry (Central Depositories) Act, 1991 or any statutory  modification, amendment or re-enactment thereof for the time being in force  Deed  trust deed dated 18 November 2005 between the Trustee and the Manager  constituting Starhill REIT  Depositor  a holder of a CDS Account  Financial Year or FY  the financial year ended or, as the case may be, ending 30 June  Listing Requirements  the listing requirements of Bursa Securities  Manager  Pintar Projek Sdn Bhd  Market Day  any day between (and including) Monday and Friday which is not a public  holiday and when Bursa Securities is open for trading of securities  Net Asset Value or NAV  at any time, net asset value of Starhill REIT as determined by deducting the  value of all Starhill REIT's liabilities from the Gross Asset Value  REIT  real estate investment trust  REIT Guidelines  the Guidelines on Real Estate Investment Trusts (3rd edition, 3 January 2005)  issued by the Securities Commission including any amendments or reissue  RM  Ringgit Malaysia  SC or Securities Commission  Securities Commission of Malaysia  SCA or Securities Commission Act  the Securities Commission Act 1993 of Malaysia and includes any  amendments thereto from time to time  Starhill REIT  the Starhill real estate investment trust, a collective investment scheme  constituted as a real estate investment trust and authorised under the REIT  Guidelines and constituted under the Deed  Trustee  Mayban Trustees Berhad  Unit  an undivided interest in Starhill REIT  Unitholder  any person registered as holding a Unit in accordance with the provisions of  the Deed