AL-SALAM REIT ANNUAL REPORT 2020

106 AL-SALĀM REIT To the Unit Holders of AL-SALĀM REAL ESTATE INVESTMENT TRUST We, AMANAHRAYA TRUSTEES BERHAD, have acted as Trustee of AL-SALĀM REAL ESTATE INVESTMENT TRUST for the financial year ended 31 December 2020. In our opinion, DAMANSARA REIT MANAGERS SDN BERHAD, the Manager, has AL-SALĀM REAL ESTATE INVESTMENT TRUST in accordance with the limitations imposed on the investment powers of the management company and the Trustee under the securities laws, the applicable Guidelines on Real Estate Investment Trusts and the Deed during the financial year ended then ended. We are of the opinion that: (a) the procedures and processes employed by the Manager to value and/or price the units of AL-SALĀM REAL ESTATE INVESTMENT TRUST are adequate and that such valuation/pricing is carried out in accordance with the Deed and other regulatory requirement; and (b) the distribution of returns made by AL-SALĀM REAL ESTATE INVESTMENT TRUST as declared by the Manager is relevant and reflects the investment objective of AL-SALĀM REAL ESTATE INVESTMENT TRUST Yours faithfully AMANAHRAYA TRUSTEES BERHAD _____________________________________ ZAINUDDIN BIN SUHAIMI Chief Executive Officer Kuala Lumpur, Malaysia 18 February 2021 TRUSTEE’S REPORT For the financial year ended 31 December 2020