CapitaLand Ascendas REIT : Results of AGM

CAPITALAND ASCENDAS REIT

(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 26 APRIL 2024

CapitaLand Ascendas REIT Management Limited, as manager of CapitaLand Ascendas REIT ("CLAR", and the manager of CLAR, the "Manager"), wishes to announce that at the Annual General Meeting of the holders of units in CLAR ("AGM") held on 26 April 2024, all resolutions set out in the Notice of AGM dated 2 April 2024, 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:

1. Breakdown of all valid votes cast at the AGM

For

Against

Total number

As a

As a

percentage

percentage

of units

of total

Resolution number

represented

of total

number of

number of

by votes for

Number of

Number of

and details

votes for

votes for

and against

units

units

and

and

the relevant

against the

against the

resolution

resolution

resolution

(%)1

(%)1

Ordinary Resolution 1

To receive and adopt the

Report

of

HSBC

Institutional

Trust

Services

(Singapore)

Limited,

as

trustee

of

CLAR,

the

Manager's

2,715,970,629

2,695,068,839

99.23

20,901,790

0.77

Statement,

the

Audited

Financial

Statements

of

CLAR for the

financial

year

ended

31

December 2023 and the

Auditors' Report thereon.

1 The percentages are rounded to the nearest 0.01%.

For

Against

Total number

As a

As a

percentage

percentage

of units

of total

Resolution number

represented

of total

number of

number of

by votes for

Number of

Number of

and details

votes for

votes for

and against

units

units

and

and

the relevant

against the

against the

resolution

resolution

resolution

(%)1

(%)1

Ordinary Resolution 2

To appoint

Deloitte

&

Touche LLP as Auditors

of CLAR to hold office

until

the

conclusion

of

the next annual general

2,756,568,852

2,755,981,861

99.98

586,991

0.02

meeting

of

CLAR

in

place

of

the retiring

Auditors, Ernst & Young

LLP and to authorise the

Manager

to

fix

their

remuneration.

Ordinary Resolution 3

To

authorise

the

Manager to issue units

2,755,268,447

2,479,183,847

89.98

276,084,600

10.02

in CLAR ("Units") and to

make

or

grant

convertible instruments.

Ordinary Resolution 4

To approve the renewal

2,755,890,343

2,725,501,309

98.90

30,389,034

1.10

of the Unit Buy-Back

Mandate.

Please refer to the Notice of AGM dated 2 April 2024 for the full version of the resolutions. As more than 50% of votes were cast in favour of Ordinary Resolutions 1, 2, 3 and 4, the resolutions were duly passed at the AGM.

1. 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.
2. 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

CapitaLand Ascendas REIT Management Limited (Company Registration No. 200201987K)

As manager of CapitaLand Ascendas REIT

Michelle Koh

Company Secretary

26 April 2024

_________________________

1 The percentages are rounded to the nearest 0.01%.

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Important Notice

The past performance of CapitaLand Ascendas REIT ("CLAR") is not indicative of future performance. The listing of the units in the CLAR ("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, CapitaLand Ascendas REIT Management 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.

3