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90

STARHILL global reit ANNUAL REPORT FY 2016/17

Reportof

the trustee

HSBC Institutional Trust Services (Singapore) Limited (the “Trustee”) is under a duty to take into custody and hold the

assets of Starhill Global Real Estate Investment Trust (the “Trust”) and its subsidiaries (the “Group”) in trust for the unitholders.

In accordance with the Securities and Futures Act, Chapter 289 of Singapore, its subsidiary legislation and the Code on

Collective Investment Schemes, the Trustee shall monitor the activities of YTL Starhill Global REIT Management Limited

(the “Manager”) for compliance with the limitations imposed on the investment and borrowing powers as set out in the trust

deed dated 8 August 2005, first supplemental deed dated 20 April 2006, amended and restated deed dated 8 August 2007,

second amended and restated deed dated 10 December 2007, second supplemental deed dated 22 April 2010, third

supplemental deed dated 7 June 2010, fourth supplemental deed dated 17 March 2014 and third amending and restating

deed dated 4 August 2016 (the “Trust Deed”) between the Manager and the Trustee in each annual accounting period and

report thereon to unitholders in an annual report.

To the best knowledge of the Trustee, the Manager has, in all material respects, managed the Group during the year ended

30 June 2017 covered by these financial statements, set out on pages 95 to 136 in accordance with the limitations imposed

on the investment and borrowing powers set out in the Trust Deed.

For and on behalf of the Trustee,

HSBC Institutional Trust Services (Singapore) Limited

Esther Fong

Senior Vice President, Trustee Services

Singapore

29 August 2017