14 CapitaLand Ascott Trust • Audit and Risk Committee • Executive Committee • Nominating and Remuneration Committee Chief Executive Officer Boards of Directors Investment Asset Management Finance Investor Relations Sustainability CapitaLand Ascott Trust (CLAS) is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust (CapitaLand Ascott REIT), a real estate investment trust, and CapitaLand Ascott Business Trust (CapitaLand Ascott BT), a business trust, with the following structure: Trust Structure Organisation Structure CapitaLand Ascott Business Trust (CapitaLand Ascott BT) CapitaLand Ascott Real Estate Investment Trust (CapitaLand Ascott REIT) Trustee DBS Trustee Limited Manager CapitaLand Ascott Trust Management Limited TrusteeManager CapitaLand Ascott Business Trust Management Pte. Ltd. Stapled Securityholders Portfolio of Properties Stapling deed Acts on behalf of holders of the CapitaLand Ascott BT units and provides management services Trustee fees and management fees Acts on behalf of holders of the CapitaLand Ascott REIT units Management services Trustee fees Management fees Holdings of Stapled Securities Distributions Ownership of assets / shares Net profit / dividends
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