HPH dividend policy

HPH Trust’s distribution policy is to distribute 100% of its distributable income to its unitholders, being the cash received by the Trust after applying them to outflows including but not limited to operation expenses, repayment of principal amounts under any debt of HPH Trust and payment of interest or any other financing expense. HPH Trust has not changed its distribution policy since the listing of its units in 2011.

This above information is received from IR officer of HPH as I requested clarification from HPH.

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