OUE Announces 10-Year Lease Renewal with U.S. Bank

  OUE Announces 10-Year Lease Renewal with U.S. Bank

Approximately 172,000 square feet of new and renewal leases signed since OUE’s
                 acquisition of U.S. Bank Tower in June 2013

Business Wire

SINGAPORE -- April 29, 2014

OUE Limited (“the Company”) today announced that its Americas subsidiary has
executed a lease renewal with U.S. Bank at its U.S. Bank Tower building in
Downtown Los Angeles.

U.S. Bank agreed to a ten-year lease renewal at U.S. Bank Tower for office and
retail space totalling 105,000 square feet with an option to extend for an
additional decade.

The Company also announced that, including the executed lease renewal with
U.S. Bank, its Americas subsidiary has signed 13 new and renewal leases
totalling approximately 172,000 square feet at the U.S. Bank Tower since
completing the acquisition of the building in June 2013.

Richard Stockton, President and Chief Executive Officer, the Americas
subsidiary of OUE Limited, commented, “Retaining U.S. Bank as an anchor tenant
was a key objective for us. I am thrilled that this long-term lease will keep
one of the nation’s premier banks at our building for the next decade. As the
new owner of U.S. Bank Tower, OUE is committed to becoming the landlord of
choice in Downtown Los Angeles by partnering with current and prospective
tenants and integrating with the local business community. With overall market
conditions continuing to improve, we are pleased to attract and retain
high-credit quality tenants at this iconic property.”

Sean M. Foley, Executive Vice President and Regional President, Southern
California for U.S. Bank, added, “We are delighted to continue to operate our
regional headquarters from Downtown Los Angeles for the foreseeable future,
based in our namesake office tower. We have enjoyed forming a relationship
with the new owners of the building and are eager to see continued
improvements in our workplace environment over time.”

U.S. Bank Tower is a Class A office property in Downtown Los Angeles. Rising
to 1,018 feet, with 72 floors of office accommodation and six levels of
underground parking, it has an area of approximately 1.4 million square feet
with a diverse tenant base. The building was completed in 1990.

About OUE Limited

OUE Limited (SGX-ST: OUE) is a diversified real estate owner, developer and
operator with a real estate portfolio located in prime locations in Asia and
the U.S. OUE consistently grows its business by leveraging its brands and
proven expertise in developing and managing landmark assets across the
commercial, hospitality, retail and residential sectors primarily in
Singapore. With its core strategy of investing in and enhancing a stable of
distinctive properties, OUE is committed to developing a portfolio that has a
strong recurrent income base, balanced with development profits, to enhance
long-term shareholder value. OUE is the sponsor of OUE Hospitality Trust and
OUE Commercial REIT. For the latest news from OUE, visit us at www.oue.com.sg.


Media Contact:
ADDO Communications
Mr Lasse Glassen, Director
Tel +1 (310) 829 5400 (Time Zone: Los Angeles)
Investor Relations Contact:
OUE Limited
Mr Jordan Isac, Manager, Investor Relations
Tel +65 6809 6052
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