Replace - Annual General Meeting :: Voluntary

ASCENDAS REAL ESTATE INVESTMENT TRUST

(Constituted in the Republic of Singapore pursuant to a trust deed dated 9 October 2002 (as amended))

ANNOUNCEMENT

RESULTS OF ANNUAL GENERAL MEETING HELD ON 28 APRIL 2022

Ascendas Funds Management (S) Limited, as manager of Ascendas Real Estate Investment Trust ("Ascendas Reit", and the manager of Ascendas Reit, the "Manager"), wishes to announce that at the Annual General Meeting ("AGM") of the holders of units of Ascendas Reit ("Units") held on 28 April 2022, all resolutions set out in the Notice of AGM dated 6 April 2022 (the "Notice of AGM"), and put to vote by poll at the AGM, were duly passed.

The information as required under Rule 704(16) of the Listing Manual of Singapore Exchange Securities Trading Limited is set out below:

(a) Breakdown of all valid votes cast at the AGM

Resolution number and details	Total number of Units represented by votes for and against the relevant resolution	For	Against
Number of Units	As a percentage of total number of votes for and against the resolution (%)	Number of Units	As a percentage of total number of votes for and against the resolution (%)
Ordinary Resolution 1 Adoption of the Report of HSBC Institutional Trust Services (Singapore) Limited, as trustee of Ascendas Reit, the Statement by the Manager, the Audited Financial Statements of Ascendas Reit for the financial year ended 31 December 2021 and the Auditors' Report thereon.	2,469,908,583	2,465,971,426	99.84	3,937,157	0.16
Resolution number and details	Total number of Units represented by votes for and against the relevant resolution	For	Against
Number of Units	As a percentage of total number of votes for and against the resolution (%)	Number of Units	As a percentage of total number of votes for and against the resolution (%)
Ordinary Resolution 2 Re-appointment of Ernst & Young LLP as Auditors of Ascendas Reit to hold office until the conclusion of the next AGM of Ascendas Reit, and grant of authority to the Manager to fix the Auditors' remuneration.	2,514,296,288	2,507,989,961	99.75	6,306,327	0.25
Ordinary Resolution 3 Authority for the Manager to issue Units in Ascendas Reit and to make or grant instruments convertible into Units.	2,516,711,578	2,188,121,029	86.94	328,590,549	13.06
Ordinary Resolution 4 Renewal of the Unit Buy-Back Mandate.	2,516,366,306	2,515,556,291	99.97	810,015	0.03

Please refer to the Notice of AGM for the full version of the resolutions. As more than 50% of votes were cast in favour of resolution nos. 1, 2, 3 and 4, all the above resolutions were duly passed at the AGM.

(b) Details of parties who are required to abstain from voting on any resolution(s),

including the number of Units held and the individual resolution(s) on which they are required to abstain from voting

No persons were required to abstain from voting on any of the abovementioned resolutions put to the AGM.

(c)Name of firm and/or person appointed as scrutineer

DrewCorp Services Pte Ltd was appointed as scrutineer for the AGM.

BY ORDER OF THE BOARD

Ascendas Funds Management (S) Limited (Company Registration No.: 200201987K)

As Manager of Ascendas Real Estate Investment Trust

Michelle Koh

Company Secretary 28 April 2022

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.