Appointment of CEO and Succession Arrangement Of CFO and Executive Director

(Hong Kong, 7 May, 2010) The board of directors (the "Board") of The Link Management Limited (the "Manager"), as the manager of The Link Real Estate Investment Trust ("The Link REIT"), is pleased to announce that Mr George Kwok Lung HONGCHOY, the current Chief Financial Officer, member of the Finance and Investment Committee (the "FIC"), Executive Director and Responsible Officer of the Manager, will succeed Mr Ian David Murray ROBINS as the Chief Executive Officer on 17 May 2010 and will also be a member of the Human Resources and Compensation Committee (the "HRC") and the Nomination Committee (the "NC") of the Manager with effect from 17 May 2010.

Mr HONGCHOY will also continue to be the Executive Director and Responsible Officer and member of the FIC of the Manager.

Mr ROBINS will cease to be CEO, Executive Director, a member of the FIC, HRC and NC of the Manager and also Responsible Officer of the Manager with effect from 17 May 2010. Mr ROBINS will remain a consultant of the Manager until end of June 2010.

Reference is made to the announcement on 11 March 2010, where the Board announced that Mr HONGCHOY would succeed Mr ROBINS as the CEO of the Manager.

The Board would like to express its appreciation to Mr ROBINS for his valuable contribution to the Manager and The Link REIT during his tenure of office.

The Board is also pleased to announce that Mr CHEUNG Lee Ming Andy will be appointed as Chief Financial Officer and a member of FIC of the Manager with effect from 28 June 2010.

Mr CHEUNG will be appointed as Executive Director and a Responsible Officer of the Manager upon his satisfying the requirements of the Securities and Futures Commission (the "SFC") and obtaining the SFC's approval to be a Responsible Officer of the Manager. The Board will issue a further announcement concerning the appointment of Mr CHEUNG as an Executive Director and Responsible Officer in due course.

For the brief period prior to Mr CHEUNG's assumption of office as CFO of the Manager, Mr HONGCHOY will be the Acting CFO of the Manager from 17 May 2010.

Biography of Mr HONGCHOY George Kwok Lung

Mr. HONGCHOY, age 48, joined the Manager of The Link REIT and was appointed as its Chief Financial Officer on 16 January 2009 and Executive Director on 26 February 2009. Mr. HONGCHOY is a member of the Finance & Investment Committee of the Manager and is also a Director of The Link Holdings Limited, The Link Properties Limited and The Link Finance Limited, being the principal subsidiaries of The Link REIT.

Mr. HONGCHOY holds a Bachelor of Commerce degree from the University of Canterbury and a MBA degree from The Wharton School, University of Pennsylvania. He is a Chartered Accountant under the New Zealand Institute of Chartered Accountants and a Fellow of the Hong Kong Institute of Certified Public Accountants ("HKICPA") and a Fellow of The Hong Kong Institute of Directors. He has over 22 years of experience in the investment banking, financial consulting and accounting sectors.

Mr. HONGCHOY is a Director of the Hong Kong Securities Institute and Hong Kong CyberPort Management Company Limited. He is also a member of the Advisory Committee on Human Resources Development in the Financial Sector of The Government of the HKSAR and a member of the Asia Executive Board of The Wharton School. He was a Council Member of HKICPA and Chairman of its Corporate Finance Committee in 2008.

Prior to joining the Manager, he was the Managing Director and Head of DBS Asia Capital Limited from 2004 until 31 December 2008. He was Director, Head of Diversified Industries of N.M. Rothschild & Sons (Hong Kong) Limited from 2003 to 2004 and Managing Director of Investment Banking of J.P. Morgan Securities (Asia Pacific) Limited from 1992 to 2002.

Biography of Mr CHEUNG Lee Ming Andy

Mr CHEUNG, aged 43, has over 18 years' experience in the areas of business development, finance and audit. Mr CHEUNG holds a Bachelor degree in Business Administration from Boston University and a Masters of Business Administration from McMaster University. He is a Certified Public Accountant of the State of Illinois in the United States of America.

Prior to joining the Manager, Mr CHEUNG was an Executive Director and the Chief Financial Officer of Paul Y. Engineering Group Limited which is listed on the Main Board of the Stock Exchange of Hong Kong. He was also an Executive Director of Hopewell Holdings Limited from 2003 to 2007 which is similarly listed on the Main Board of the Stock Exchange of Hong Kong Limited.