Ascendas Real Estate Investment Trust : Change Of Registered Office Address Of Trustee Of Ascendas Real Estate Investment Trust

(Constituted in the Republic of Singapore

pursuant to a trust deed dated 9 October 2002 (as amended))

ANNOUNCEMENT

CHANGE OF REGISTERED OFFICE ADDRESS OF TRUSTEE

OF ASCENDAS REAL ESTATE INVESTMENT TRUST

Ascendas Funds Management (S) Limited, the manager of Ascendas Real Estate Investment Trust ("Ascendas Reit"), wishes to announce that the registered office of HSBC Institutional Trust Services (Singapore) Limited, the trustee of Ascendas Reit, will be changed to the following with effect from 16 March 2020:

10 Marina Boulevard

Marina Bay Financial Centre

Tower 2 #48-01

Singapore 018983

BY ORDER OF THE BOARD

ASCENDAS FUNDS MANAGEMENT (S) LIMITED (Company Registration No. 200201987K)

As manager of Ascendas Real Estate Investment Trust

Mary Judith de Souza Company Secretary 13 March 2020

IMPORTANT NOTICE

The past performance of Ascendas Real Estate Investment Trust ("Ascendas Reit") is not indicative of future performance. The listing of the units in the Ascendas Reit ("Units") on the Singapore Exchange Securities Trading Limited (the "SGX-ST") does not guarantee a liquid market for the Units. The value of the Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, Ascendas Funds Management (S) Limited (the "Manager") or any of its affiliates. An investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the Manager redeem or purchase their Units while the Units are listed on the SGX-ST. It is intended that holders of Units may only deal in their Units through trading on the SGX-ST.

This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units.