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REPORT OF THE TRUSTEE
HSBC Institutional Trust Services (Singapore) Limited (the “Trustee”) is under a duty to take into custody
and hold the assets of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (the “Trust”)
and its subsidiaries (the “Group”) in trust for the holders (“Unitholders”) of units in the Trust (the “Units”).
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 Sabana Real
Estate Investment Management Pte. Ltd. (the “Manager”) for compliance with the limitations imposed on
the investment and borrowing powers as set out in the trust deed dated 29 October 2010 (as amended)
(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 Trust
during the period covered by these financial statements, set out on pages 105 to 159 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
Antony Wade Lewis
Director
Singapore
28 February 2014
SABANA REIT | ANNUAL REPORT 2013
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