APPENDIX G: INDEPENDENT LIMITED ASSURANCE REPORT To the Directors of CapitaLand Ascott Trust Management Limited (in its capacity as Manager of CapitaLand Ascott Real Estate Investment Trust) (“Manager”), CapitaLand Ascott Business Trust Management Pte. Ltd. (in its capacity as Trustee-Manager of CapitaLand Ascott Business Trust) (“Trustee-Manager”) and DBS Trustee Limited (in its capacity as Trustee of CapitaLand Ascott Real Estate Investment Trust) (“Trustee”) Report on CapitaLand Ascott Trust Sustainability Report for the year ended 31 December 2023 (“the Sustainability Report”), the selected Global Reporting Initiative Sustainability Reporting Standards disclosures (“Selected GRI Disclosures”) and Sustainability Linked Bonds’ Key Performance Indicators (“SLB KPIs”) CapitaLand Ascott Trust is a stapled group comprising of CapitaLand Ascott Real Estate Investment Trust and its subsidiaries and CapitaLand Ascott Business Trust and its subsidiaries (collectively, “the Stapled Group”). Conclusion We have performed a limited assurance engagement on whether: • CapitaLand Ascott Trust’s Sustainability Report and the Selected GRI Disclosures for the year ended 31 December 2023 have been prepared in accordance with Rule 711B of the Singapore Exchange (“SGX”) Listing Manual and the Global Reporting Initiative Sustainability Reporting Standards (“GRI Standards”); and • The SLB KPIs have been prepared in accordance with the following Sustainability-Linked Bonds (“SLB”) criteria: i SLB1 (launched in April 2022): Ascott Residence Trust Sustainability-Linked Finance Framework dated February 2022. ii SLB2 (launched in November 2022): Mandate letter signed between Stapled Group and the SLB2 bondholders dated 25 August 2022 and pricing supplement for SLB2 dated 31 October 2022. We do not express a conclusion or any other form of assurance on other information. Other information is defined as all information in the Sustainability Report other than our Assurance Report and the Selected GRI Disclosures and SLB KPIs as identified in the table below. Based on the procedures performed and evidence obtained, nothing has come to our attention to cause us to believe that: • the Sustainability Report has not described the sustainability practice on a comply-or-explain basis with reference to the following components as listed under Rules 711 of the SGX Listing Manual: i Material environmental, social and governance factors; ii Policies, practices and performance; iii Targets; iv Sustainability reporting framework; and v Board statement and associated governance structure for sustainability practices. • the Selected GRI Disclosures as identified in the table below, are not presented, in all material respects, in accordance with the relevant topic-specific disclosure requirements in the GRI Standards; • the Selected GRI Disclosures as identified in the table below, are not calculated, in all material respects, in accordance with the relevant topic-specific disclosure requirements in the GRI Standards; and • the Key Performance Indicators (“KPIs”) of the Stapled Group’s SLBs 1 and 2 as identified in the table below, are not calculated, in all material respects in accordance with the SLB criteria. 91 CAPITALAND ASCOTT TRUST
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