Statement by the BT Trustee-Manager In the opinion of the directors of the BT Trustee-Manager, (a) the consolidated financial statements of the CapitaLand Ascott BT Group as set out on pages 113 to 274 are drawn up so as to give a true and fair view of the financial position of the CapitaLand Ascott BT Group as at 31 December 2024, and the financial performance, changes in unitholders’ funds and cash flows of the CapitaLand Ascott BT Group, for the year ended on that date in accordance with the provisions of the Business Trusts Act 2004 (the “BTA”), and Singapore Financial Reporting Standards (International); and (b) at the date of this statement, there are reasonable grounds to believe that the BT Trustee-Manager will be able to fulfil, out of the trust property of CapitaLand Ascott BT, the liabilities of CapitaLand Ascott BT as and when they fall due. In accordance with Section 86(2) of the BTA, the directors of the BT Trustee-Manager further certify that: – the fees or charges paid or payable out of the property of the CapitaLand Ascott BT Group to the BT Trustee-Manager are in accordance with the CapitaLand Ascott BT trust deed dated 9 September 2019 (as amended); – interested person transactions are not detrimental to the interests of all the unitholders as a whole based on the circumstances at the time of the transactions; and – the Board of Directors is not aware of any violation of duties of the BT Trustee-Manager which would have a materially adverse effect on the business of the CapitaLand Ascott BT Group or the interests of the unitholders as a whole. The Board of Directors has, on the date of this statement, authorised these financial statements for issue. For and on behalf of the Board of Directors of the BT Trustee-Manager, CapitaLand Ascott Business Trust Management Pte. Ltd. Lui Chong Chee Director Teo Joo Ling, Serena Director Singapore 7 March 2025 106 CapitaLand Ascott Trust
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