Investor Relations

Investor Meeting - Organised By Daiwa Capital Markets Singapore Limited

Daiwa Capital Markets Singapore Limited hosted the management of Ascott Residence Trust (Ascott Reit) to a meeting with investors today where management presented this set of slides.

During the meeting, management spoke about the composition of Ascott Reit's portfolio following the acquisition of 28 Asia and Europe properties and the divestment of Ascott Beijing and Country Woods Jakarta in October 2010. Management shared that the desired portfolio mix for Ascott Reit would be 70% of asset from growth markets such as Singapore, United Kingdom, Vietnam and China, and 30% from stable markets such as France, Japan, Germany and Australia. As at 31 December 2010, growth markets constitute about 60% of the portfolio and stable markets constitute the remaining 40%. In addition, Ascott Reit derived 41% of its total gross profit in 4Q 2010 from master leases and management contracts with guaranteed income. As part of its regular portfolio management and business review, management is reviewing the suitability of Ascott Reit's 18 rental housing properties in Tokyo in view of Ascott Reit's medium to long term target of reducing exposure to stable markets. In this aspect, the exit options include divestment to a third party such as a Japan residential REIT or to its sponsor.

The Manager will, in compliance with the SGX listing rules, make the appropriate announcement if and when there are any material developments.

The attached announcement issued by Ascott Residence Trust on the above matter is for information.

Attachments

1. Attachment 1 (Size: 575,214 bytes)