Corporate Governance The procedures include the following: Interested Person Transactions1 Approving Authority, Procedures and Disclosure Below S$100,000 per transaction > Management S$100,000 and above per transaction which: (a) (for the purpose of the Listing Manual) singly, or when aggregated with other transactions2 entered into by CapitaLand Ascott REIT or CapitaLand Ascott BT with the same Interested Person in the same financial year is less than 3.0% of CLAS’ net tangible assets; or (b) (for the purpose of the Property Funds Appendix) singly, or when aggregated with other transactions entered into by CapitaLand Ascott REIT with the same Interested Person in the same financial year is less than 3.0% of CapitaLand Ascott REIT’s net asset value. > Management > Audit and Risk Committee Transaction2 which: (a) (for the purpose of the Listing Manual) if entered into by CapitaLand Ascott REIT or CapitaLand Ascott BT, is equal to or exceeds 3.0% of CLAS’ net tangible assets; (b) (for the purpose of the Property Funds Appendix) if entered into by CapitaLand Ascott REIT, is equal to or exceeds 3.0% of CapitaLand Ascott REIT’s net asset value; (c) (for the purpose of the Listing Manual) if entered into by CapitaLand Ascott REIT or CapitaLand Ascott BT, when aggregated with other transactions2 with the same Interested Person in the same financial year is equal to or exceeds 3.0% of CLAS’ net tangible assets; or (d) (for the purpose of the Property Funds Appendix) if entered into by CapitaLand Ascott REIT, when aggregated with other transactions with the same Interested Person in the same financial year is equal to or exceeds 3.0% of CapitaLand Ascott REIT’s net asset value. > Management > Audit and Risk Committee > Immediate announcement Transaction2 which: (a) (for the purpose of the Listing Manual) if entered into by CapitaLand Ascott REIT or CapitaLand Ascott BT, is equal to or exceeds 5.0% of CLAS’ net tangible assets; (b) (for the purpose of the Property Funds Appendix) if entered into by CapitaLand Ascott REIT, is equal to or exceeds 5.0% of CapitaLand Ascott REIT’s net asset value; (c) (for the purpose of the Listing Manual) if entered into by CapitaLand Ascott REIT or CapitaLand Ascott BT, when aggregated with other transactions2,3 with the same Interested Person in the same financial year is equal to or exceeds 5.0% of CLAS’ net tangible assets; or (d) (for the purpose of the Property Funds Appendix) if entered into by CapitaLand Ascott REIT, when aggregated with other transactions2,4 with the same Interested Person in the same financial year is equal to or exceeds 5.0% of CapitaLand Ascott REIT’s net asset value. > Audit and Risk Committee > Immediate announcement > Stapled Securityholders3 1 This table does not include the procedures applicable to Interested Person Transactions falling under the exceptions set out in Rules 915 and 916 of the Listing Manual. 2 Any transaction of less than S$100,000 in value is disregarded. 3 In relation to approval by Stapled Securityholders for transactions that are equal to or exceed 5.0% of CLAS’ net asset value (whether singly or aggregated), any transaction which has been approved by Stapled Securityholders, or is the subject of aggregation with another transaction that has been approved by Stapled Securityholders, need not be included in any subsequent aggregation. 4 In relation to approval by Stapled Securityholders for transactions that are equal to or exceed 5.0% of CapitaLand Ascott REIT’s net asset value, any transaction which has been approved by Stapled Securityholders, or is the subject of aggregation with another transaction that has been approved by Stapled Securityholders, need not be included in any subsequent aggregation. 88 CapitaLand Ascott Trust
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