(Registration Number: 2007004)

(a business trust registered under the Business Trusts Act, Chapter 31A of Singapore)

ASSET VALUATION

Pursuant to Rule 703 of the SGX-ST Listing Manual, Ascendas Property Fund Trustee Pte. Ltd. (the "Trustee-Manager"), in its capacity as Trustee-Manager for Ascendas India Trust ("a-iTrust"), wishes to announce that it had obtained independent valuations, as of 31 December 2019, for all eight properties in a-iTrust's portfolio. All of the valuations were certified by Savills Property Services (India) Pvt. Ltd.

The valuations as of 31 December 2019 are listed below:

Name of Property

Valuation (INR million)

International Tech Park Bangalore

37,825

International Tech Park Chennai

19,677

CyberVale

4,065

aVance Hyderabad

10,848

(previously "aVance Business Hub, Hyderabad")

CyberPearl

3,418

The V

17,778

aVance Pune (previously "BlueRidge 2, Pune")

9,282

Arshiya

5,698

Total portfolio

108,591

The valuation reports are available for inspection by prior appointment at the Trustee- Manager's registered office during business hours for 3 months from today.

By Order of the Board

Mary J. de Souza Company Secretary

30 January 2020

Ascendas Property Fund Trustee Pte. Ltd. (Trustee-Manager of a-iTrust)

Co. Reg. No. 200412730D 1 Fusionopolis Place #10-10 Galaxis Singapore 138522

Tel (65) 6774 1033

Fax (65) 6774 9563 Website: www.a-itrust.com

Important Notice

The value of a-iTrust units ("Units") and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Trustee-Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.

Investors have no right to request the Trustee-Manager to redeem their Units while the Units are listed. It is intended that Unitholders of a-iTrust may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

The past performance of a-iTrust is not necessarily indicative of the future performance of a- iTrust.

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Ascendas India Trust published this content on 30 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2020 11:49:07 UTC