CapitaLand Ascendas REIT Management Limited, announced the following changes to the composition of the Board of Directors (the "Board") and the Board Committees of the Company which will take effect on 1 November 2022: retirement of Mr. Chan Pengee, Adrian as Non-Executive Independent Director, Chairman of the Audit and Risk Committee and Member of the Nominating and Remuneration Committee of the Company; and appointment of Mr. Daniel Cuthbert Ee Hock Huat as Chairman of the Audit and Risk Committee and Member of the Nominating and Remuneration Committee of the Company. The information required to be disclosed under Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST") in relation to the retirement of Mr. Chan Pengee, Adrian is provided to the SGX-ST in the accompanying announcement. COMPOSITION OF BOARD AND BOARD COMMITTEES: Following the abovementioned changes, the members of the Board and the Board Committees of the Company with effect from 1 November 2022 are as follows: Board of Directors: Dr. Beh Swan Gin, Chairman, Non-Executive Independent Director, Mr. William Tay Wee Leong, Chief Executive Officer, Executive Non-Independent Director, Mr. Daniel Cuthbert Ee Hock Huat, Non-Executive Independent Director, Mr. Chinniah Kunnasagaran, Non-Executive Independent Director Ms Ong Lee Keang Maureen, Non-Executive Independent Director, Mr. Manohar Khiatani, Non-Executive Non-Independent Director, and Mr. Lim Cho Pin Andrew Geoffrey, Non-Executive Non-Independent Director.

Audit and Risk Committee: Mr. Daniel Cuthbert Ee Hock Huat, Chairman, Mr. Chinniah Kunnasagaran, Member, and Ms Ong Lee Keang Maureen, Member. Investment Committee: Mr. Manohar Khiatani, Chairman, Dr. Beh Swan Gin, Member, Mr. William Tay Wee Leong, Member, Mr. Daniel Cuthbert Ee Hock Huat, Member, Mr. Chinniah Kunnasagaran, Member, and Mr. Lim Cho Pin Andrew Geoffrey, Member. Nominating and Remuneration Committee: Dr. Beh Swan Gin Chairman, Mr. Daniel Cuthbert Ee Hock Huat, Member, and Mr. Manohar Khiatani, Member.