CapitaLand Ascott Trust 150 Notes to the Financial Statements For the financial year ended 31 December 2025 The divestment fee is payable to the REIT Manager in the form of cash. In the event that the REIT Manager receives a divestment fee in connection with a transaction with a related party, any such divestment fee shall be paid in the form of Stapled Securities to be issued by CapitaLand Ascott REIT at the market price. (iii) BT Trustee-Manager’s fees Trustee fee Pursuant to Clause 14.4.2 of the CapitaLand Ascott BT Trust Deed, the BT Trustee-Manager’s fee shall not exceed 0.015% per annum of the value of the assets of the CapitaLand Ascott BT Group (the “CapitaLand Ascott BT Deposited Property”), subject to a minimum of $13,500 per month, excluding out-of-pocket expenses and goods and services tax which is borne by CapitaLand Ascott BT. The BT Trustee-Manager is also entitled to reimbursement of expenses incurred in the performance of its duties under the CapitaLand Ascott BT Trust Deed. The BT Trustee-Manager’s fees are payable monthly in arrears. Management fees The BT Trustee-Manager is entitled under Clauses 14.1.1 and 14.1.2 of the CapitaLand Ascott BT Trust Deed to the following management fees: (a) a base fee of 0.3% per annum of the property values; and (b) an annual performance fee of: • base performance fee of 4.0% per annum of the CapitaLand Ascott BT Group’s share of gross profit for each financial year; and • in the event that the CapitaLand Ascott BT Group’s share of gross profit increases by more than 6.0% annually, an additional outperformance fee of 1.0% of the difference between the CapitaLand Ascott BT Group’s share of that financial year’s gross profit and 106% of the CapitaLand Ascott BT Group’s share of the preceding year’s gross profit. The base management fees and performance fees payable in cash and in the form of Stapled Securities shall be payable quarterly in arrears. When management fees are payable in Stapled Securities, the BT Trustee-Manager shall be entitled to receive such number of Stapled Securities as may be purchased for the relevant amount of the management fees at the market price (as defined in the CapitaLand Ascott BT Trust Deed). Acquisition fee Pursuant to Clause 14.2.1 of the CapitaLand Ascott BT Trust Deed, the BT Trustee-Manager is entitled to receive the following acquisition fees: (a) an acquisition fee of 1.0% of the Enterprise Value of any real estate or real estate related asset acquired directly or indirectly by CapitaLand Ascott BT, prorated if applicable to the proportion of CapitaLand Ascott BT’s interest; and (b) in the event that there is payment to third party agents or brokers in connection with the acquisition, such payment shall be paid out of the CapitaLand Ascott BT Deposited Property, provided that the BT Trustee-Manager shall charge an acquisition fee of 0.5% instead of 1.0%. 1 General (continued) 1.1 Service agreements (continued) (ii) REIT Manager’s fees (continued) Divestment fee (continued)
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