Pursuant to Paragraph 14.08(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), Axis REIT Managers Berhad ("ARMB" or "Manager"), the management company of Axis Real Estate Investment Trust ("Axis-REIT") wishes to announce that the Manager has received notifications from the Directors and Alternate Directors of ARMB in relation to their intention to deal in units of Axis-REIT during the closed period of Axis-REIT pending the announcement of Axis-REIT's quarterly results for the period ending 31 March 2021 to Bursa Securities.

Please refer to the attachment for the details of their unitholdings as at 19 March 2021.

This announcement is dated 19 March 2021.