Disclosure of Interest of Directors/Management

Remarks
Acquisition of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 916024776 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 24.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS ("Stapled Security") comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CLASML and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd. ("CLASBTMPL").

On 7 May 2025, SCPL has purchased a total of 5,182,200 stapled securities in CLAS at an issue price of S$0.8682 per Stapled Security from CLASML and CLASBTMPL, both are related corporations of SCPL. In connection with the purchase, each of CLASML and CLASBTMPL has directed that such stapled securities that it is entitled to receive as payment of management fees, be issued directly to SCPL.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" is calculated based on 3,811,388,823 stapled securities as at 26 February 2025, and the percentage of total number of ordinary voting stapled securities held "immediately after the transaction" is calculated based on 3,816,571,023 stapled securities as at 7 May 2025.

The percentages are rounded down to the nearest 0.01%.

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer

Immediately after the transaction

No. of ordinary voting shares/units held: 1793241 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.04000000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd. ("CLASBTMPL").

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" is calculated based on 3,811,388,823 stapled securities as at 26 February 2025 (being the last change in the total number of stapled securities in CLAS), and the percentage of total number of ordinary voting stapled securities held "immediately after the transaction" is calculated based on 3,816,571,023 stapled securities as at 7 May 2025 following the issuance of stapled securities.

The percentages are rounded down to the nearest 0.01%.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 1100215 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.02000000 (Direct Interest); 0.00000000 (Deemed Interest)

CLASBTMPL is entitled to receive 693,026 stapled securities in CLAS at an issue price of S$0.8682 per stapled security as partial payment of the base fee and base performance fee for the period from for the period from 1 January 2025 to 31 March 2025 (both dates inclusive). CLASBTMPL has sold the 693,026 stapled securities which it is entitled to receive, to Somerset Capital Pte Ltd ("SCPL"), a related corporation of CLASBTMPL, and in connection with the sale, CLASBTMPL has directed that such stapled securities be issued directly to SCPL instead of CLASBTMPL.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,816,571,023 stapled securities as at 7 May 2025 following the issuance of stapled securities.

The percentages are rounded down to the nearest 0.01%.

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer

Immediately after the transaction

No. of ordinary voting shares/units held: 11511249 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.30000000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited ("CLASML") and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd..

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" is calculated based on 3,811,388,823 stapled securities as at 26 February 2025 (being the last change in the total number of stapled securities in CLAS), and the percentage of total number of ordinary voting stapled securities held "immediately after the transaction" is calculated based on 3,816,571,023 stapled securities as at 7 May 2025 following the issuance of stapled securities.

The percentages are rounded down to the nearest 0.01%.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 7022075 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.18000000 (Direct Interest); 0.00000000 (Deemed Interest)

CLASML is entitled to receive 4,489,174 stapled securities in CLAS at an issue price of S$0.8682 per stapled security as partial payment of the base fee for the period from 1 January 2025 to 31 March 2025 (both dates inclusive). CLASML has sold the 4,489,174 stapled securities which it is entitled to receive, to Somerset Capital Pte Ltd ("SCPL"), a related corporation of CLASML, and in connection with the sale, CLASML has directed that such stapled securities be issued directly to SCPL instead of CLASML.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,816,571,023 stapled securities as at 7 May 2025 following the issuance of stapled securities.

The percentages are rounded down to the nearest 0.01%.

Remarks
Acceptance of 228,728 Award under Performance Stapled Security Plan ("PSSP") of CapitaLand Ascott Management Limited ("CLASML"). The final no. of stapled securities to be released will depend on the achievement of predetermined target at the end of the performance period for PSSP. The release will be made partly in the form of units and partly in the form of cash.

Immediately after the transaction

No. of rights/options/warrants held: 866,851
No. of shares/units underlying the rights/options/warrants: 1,469,734

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("REIT") and CapitaLand Ascott Business Trust ("BT"). Each stapled security of CLAS comprises one unit in REIT and one unit in BT. The managers of REIT and BT are CLASML and CapitaLand Ascott Business Trust Management Pte Ltd, respectively. This notification is for the stapled securities in relation to Part I item 1. Any reference to units above relates to the stapled securities in CLAS.

Immediately before the transaction:
No. of rights/options/warrants held: 638,123 comprising:
(i) 374,155* Awards under CLASML's PSSP; and
(ii) 212,822^ and 51,146 unvested stapled securities under CLASML's Restricted Stapled Security Plan ("RSSP").

No. (if known) of shares/units underlying the rights/options/warrant: 1,012,278 comprising:
(i) up to 748,310* stapled securities under PSSP; and
(ii) 212,822^ and 51,146 unvested stapled securities under RSSP.

3. Immediately after the transaction:
No. of rights/options/warrants held: 866,851 comprising:
(i) 602,883* Awards under CLASML's PSSP; and
(ii) 212,822^ and 51,146 unvested stapled securities under RSSP.

No. (if known) of shares/units underlying the rights/options/warrant: 1,469,734 comprising:
(i) up to 1,205,766* stapled securities under PSSP; and
(ii) 212,822^ and 51,146 unvested stapled securities under RSSP.

* the final number of stapled securities to be released will depend on the achievement of pre-determined targets atthe end of the respective performance periods under the PSSP. The release will be made partly in the form of units and partly in the form of cash.

^ on the final vesting, an additional number of stapled securities of a total value equal to the value of the accumulated distributions which are declared during each of the vesting periods and deemed foregone due to the vesting mechanism of the RSSP, will also be released.

Remarks
Receipt of 75,723 stapled securities under CapitaLand Ascott Management Limited's Restricted Stapled Security Plan.

Immediately after the transaction

No. of ordinary voting shares/units held: 1095597 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.02900000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited ("CLASML") and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd..

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,811,388,823 stapled securities as at 26 February 2025 (being the last change in the total number of stapled securities in CLAS).

The percentages are rounded to the nearest 0.001%.

Remarks
Transfer of 118,509 stapled securities in CapitaLand Ascott Trust ("Stapled Securities") from CapitaLand Ascott Trust Management Limited's securityholding to its key management personnel and eligible employees under the Restricted Stapled Security Plan.

Immediately after the transaction

No. of ordinary voting shares/units held: 7022075 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.18000000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited ("CLASML") and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd..

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities. Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,811,388,823 stapled securities as at 26 February 2025 (being the last change in the total number of stapled securities in CLAS).

The percentages are rounded down to the nearest 0.01%.

Remarks
Acceptance of 227,169 ^ deferred award under Restricted Stapled Security Plan ("RSSP") of CapitaLand Ascott Management Limited ("CLASML")

Immediately after the transaction

No. of rights/options/warrants held: 713,846
No. of shares/units underlying the rights/options/warrants: 1,088,001

1. CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("REIT") and CapitaLand Ascott Business Trust ("BT"). Each stapled security of CLAS comprises one unit in REIT and one unit in BT. The managers of REIT and BT are CLASML and CapitaLand Ascott Business Trust Management Pte Ltd, respectively. This notification is for the stapled securities in relation to Part I item 1. Any reference to units above relates to the stapled securities in CLAS.

2. Immediately before the transaction:
No. of rights/options/warrants held: 486,677 comprising:
(i) 374,155* contingent baseline stapled securities awards under CLASML's Performance Stapled Security Plan ("PSSP", and such awards granted under PSSP, "PSSP Awards"); and
(ii) 61,376^ and 51,146 unvested stapled securities under RSSP.

No. (if known) of shares/units underlying the rights/options/warrant: 860,832 comprising:
(i) up to 748,310* stapled securities under PSSP; and
(ii) 61,376^ and 51,146 unvested stapled securities under RSSP.

3. Immediately after the transaction:
No. of rights/options/warrants held: 713,846 comprising:
(i) 374,155* PSSP Awards; and
(ii) 288,545^ and 51,146 unvested stapled securities under RSSP.

No. (if known) of shares/units underlying the rights/options/warrant: 1,088,001 comprising:
(i) up to 748,310* stapled securities under PSSP; and
(ii) 288,545^ and 51,146 unvested stapled securities under RSSP.

* the final number of stapled securities to be released will depend on the achievement of pre-determined targets at the end of the respective performance periods under the PSSP. The release will be made partly in the form of stapled securities and partly in the form of cash.

^ on the final vesting, an additional number of stapled securities of a total value equal to the value of the accumulated distributions which are declared during each of the vesting periods and deemed foregone due to the vesting mechanism of RSSP, will also be released.

Remarks
Receipt of 466,925 stapled securities awarded under CLASML's PSSP and RSSP.

Immediately after the transaction

No. of ordinary voting shares/units held: 2840113 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.07500000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited ("CLASML") and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd..

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,811,388,823 stapled securities as at 26 February 2025 (being the last change in the total number of stapled securities in CLAS).

The percentages are rounded up to the nearest 0.001%.

Remarks
Final number of 443,654 stapled securities awarded under CapitaLand Ascott Management Limited ("CLASML")'s Performance Stapled Security Plan ("PSSP"). The release was made partly in the form of stapled securities and partly in the form of cash.

Immediately after the transaction

No. of rights/options/warrants held: 0
No. of shares/units underlying the rights/options/warrants: 0

Immediately before the transaction:

(a) the no. of rights/options/warrants held: 332,741 comprises:
(i) 221,827* Awards stapled securities under PSSP; and
(ii) 110,914^ unvested stapled securities under CLASML's Restricted Stapled Security Plan ("RSSP").

(b) the no. (if known) of shares/stapled securities underlying the rights/options/warrants: 554,568 comprises:
(i) up to 443,654* stapled securities under PSSP; and
(ii) 110,914^ unvested stapled securities under RSSP.

Immediately after the transaction:

(a) the no. of rights/options/warrants held: 0

(b) the no. (if known) of shares/stapled securities underlying the rights/options/warrants: 0

Awards refers to contingent baseline stapled securities awards.

* the final number of stapled securities to be released will depend on the achievement of pre-determined targets at the end of the respective performance periods for PSSP. The release will be made partly in the form of stapled securities and partly in the form of cash.

^ on the final vesting, an additional number of stapled securities of a total value equal to the value of the accumulated distributions which are declared during each of the vesting periods and deemed foregone due to the vesting mechanism of RSSP, will also be released.

Remarks
Receipt of 345,980 stapled securities awarded under CLASML's PSSP and RSSP.

Immediately after the transaction

No. of ordinary voting shares/units held: 1019874 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.02700000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited ("CLASML") and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd..

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,811,388,823 stapled securities as at 26 February 2025 (being the last change in the total number of stapled securities in CLAS).

The percentages are rounded up to the nearest 0.001%.

Remarks
Final number of 221,826 stapled securities awarded under CapitaLand Ascott Management Limited ("CLASML")'s Performance Stapled Security Plan ("PSSP"). The release was made partly in the form of stapled securities and partly in the form of cash.

Immediately after the transaction

No. of rights/options/warrants held: 486,677
No. of shares/units underlying the rights/options/warrants: 860,832

Immediately before the transaction:

(a) the no. of rights/options/warrants held: 765,566 comprises:
(i) 485,068* Awards stapled securities under PSSP; and
(ii) 178,207^ and 102,291 unvested stapled securities under CLASML's Restricted Stapled Security Plan ("RSSP").

(b) the no. (if known) of shares/stapled securities underlying the rights/options/warrants: 1,250,634 comprises:
(i) up to 970,136* stapled securities under PSSP; and
(ii) 178,207^ and 102,291 unvested stapled securities under RSSP.

Immediately after the transaction:

(a) the no. of rights/options/warrants held: 486,677 comprises:
(i) 374,155* PSSP Awards; and
(ii) 61,376^ and 51,146 unvested stapled securities under RSSP.

(b) the no. (if known) of shares/stapled securities underlying the rights/options/warrants: 860,832 comprises:
(i) up to 748,310* stapled securities under PSSP; and
(ii) 61,376^ and 51,146 unvested stapled securities under RSSP.

Awards refers to contingent baseline stapled securities awards.

* the final number of stapled securities to be released will depend on the achievement of pre-determined targets at the end of the respective performance periods under the PSSP. The release will be made partly in the form of stapled securities and partly in the form of cash.

^ on the final vesting, an additional number of stapled securities of a total value equal to the value of the accumulated distributions which are declared during each of the vesting periods and deemed foregone due to the vesting mechanism of the RSSP, will also be released.

Remarks
Transfer of 1,313,330 stapled securities in CapitaLand Ascott Trust ("Stapled Securities") from CapitaLand Ascott Trust Management Limited's securityholding to its key management personnel and eligible participants under the Restricted Stapled Security Plan and Performance Stapled Security Plan.

Immediately after the transaction

No. of ordinary voting shares/units held: 7140584 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.18000000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited ("CLASML") and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd..

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,811,388,823 stapled securities as at 26 February 2025 (being the last change in the total number of stapled securities in CLAS).

The percentages are rounded down to the nearest 0.01%.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 4257989 (Direct Interest); 910842576 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.11000000 (Direct Interest); 23.89000000 (Deemed Interest)

TAL is deemed to have an interest in the stapled securityholding of its wholly owned subsidiary, Somerset Capital Pte Ltd ("SCPL") pursuant to Section 4(4) of the Securities and Futures Act 2001.

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS ("Stapled Security") comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CLASML and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd. ("CLASBTMPL").

On 26 February 2025, SCPL has purchased a total of 15,222,357 stapled securities in CLAS at an issue price of S$0.8708 per Stapled Security from CLASML and CLASBTMPL, both are related corporations of SCPL. In connection with the purchase, each of CLASML and CLASBTMPL has directed that such stapled securities that it is entitled to receive as payment of management fees, be issued directly to SCPL.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" is calculated based on 3,796,166,466 stapled securities as at 7 November 2024, and the percentage of total number of ordinary voting stapled securities held "immediately after the transaction" is calculated based on 3,811,388,823 stapled securities as at 26 February 2025.

The percentages are rounded down to the nearest 0.01%.

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer

Immediately after the transaction

No. of ordinary voting shares/units held: 1959891 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.05000000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd. ("CLASBTMPL").

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities. Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" is calculated based on 3,796,166,466 stapled securities as at 7 November 2024 (being the last change in the total number of stapled securities in CLAS), and the percentage of total number of ordinary voting stapled securities held "immediately after the transaction" is calculated based on 3,811,388,823 stapled securities as at 26 February 2025 following the issuance of stapled securities.

The percentages are rounded down to the nearest 0.01%.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 1100215 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.02000000 (Direct Interest); 0.00000000 (Deemed Interest)

CLASBTMPL is entitled to receive 859,676 stapled securities in CLAS at an issue price of S$0.8708 per stapled security as partial payment of the base fee and base performance fee for the period from 1 October 2024 to 31 December 2024 (both dates inclusive) and additional outperformance fee for the period from 1 January 2024 to 31 December 2024. CLASBTMPL has sold the 859,676 stapled securities which it is entitled to receive, to Somerset Capital Pte Ltd ("SCPL"), a related corporation of CLASBTMPL, and in connection with the sale, CLASBTMPL has directed that such stapled securities be issued directly to SCPL instead of CLASBTMPL.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,811,388,823 stapled securities as at 26 February 2025 following the issuance of stapled securities.

The percentages are rounded down to the nearest 0.01%.

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer

Immediately after the transaction

No. of ordinary voting shares/units held: 22816595 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.59000000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited ("CLASML") and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd..

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities. Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" is calculated based on 3,796,166,466 stapled securities as at 7 November 2024 (being the last change in the total number of stapled securities in CLAS), and the percentage of total number of ordinary voting stapled securities held "immediately after the transaction" is calculated based on 3,811,388,823 stapled securities as at 26 February 2025 following the issuance of stapled securities.

The percentages are rounded down to the nearest 0.01%.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 8453914 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.22000000 (Direct Interest); 0.00000000 (Deemed Interest)

CLASML is entitled to receive 14,362,681 stapled securities in CLAS at an issue price of S$0.8708 per stapled security as partial payment of the base fee for the period from 1 October 2024 to 31 December 2024 (both dates inclusive) and base performance fee for the period from 1 January 2024 to 31 December 2024. CLASML has sold the 14,362,681 stapled securities which it is entitled to receive, to Somerset Capital Pte Ltd ("SCPL"), a related corporation of CLASML, and in connection with the sale, CLASML has directed that such stapled securities be issued directly to SCPL instead of CLASML.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,811,388,823 stapled securities as at 26 February 2025 following the issuance of stapled securities.

The percentages are rounded down to the nearest 0.01%.

Remarks
Acquisition of Securities via market transaction

Immediately after the transaction

No. of ordinary voting shares/units held: 673894 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.01800000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd..

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,796,166,466 stapled securities as at 7 November 2024 (being the last change in the total number of stapled securities in CLAS).

The percentages are rounded to the nearest 0.001%.

Remarks
Acquisition of Securities via market transaction

Immediately after the transaction

No. of ordinary voting shares/units held: 2025381 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.05300000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd..

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,796,166,466 stapled securities as at 7 November 2024 (being the last change in the total number of stapled securities in CLAS).

The percentages are rounded to the nearest 0.001%.

Remarks
Part payment of director's fees for the year ended 31 December 2024 by way of stapled securities in CapitaLand Ascott Trust to non-executive independent directors of CapitaLand Ascott Trust Management Limited.

Immediately after the transaction

No. of ordinary voting shares/units held: 141993 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00400000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd..

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,796,166,466 stapled securities as at 7 November 2024 (being the last change in the total number of stapled securities in CLAS).

The percentages are rounded to the nearest 0.001%.

Remarks
Part payment of director's fees for the year ended 31 December 2024 by way of stapled securities in CapitaLand Ascott Trust to non-executive independent directors of CapitaLand Ascott Trust Management Limited.

Immediately after the transaction

No. of ordinary voting shares/units held: 83658 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00200000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd..

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,796,166,466 stapled securities as at 7 November 2024 (being the last change in the total number of stapled securities in CLAS).

The percentages are rounded to the nearest 0.001%.

Remarks
Part payment of director's fees for the year ended 31 December 2024 by way of stapled securities in CapitaLand Ascott Trust to non-executive independent directors of CapitaLand Ascott Trust Management Limited.

Immediately after the transaction

No. of ordinary voting shares/units held: 178961 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00500000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd..

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,796,166,466 stapled securities as at 7 November 2024 (being the last change in the total number of stapled securities in CLAS).

The percentages are rounded to the nearest 0.001%.

Remarks
Part payment of director's fees for the year ended 31 December 2024 by way of stapled securities in CapitaLand Ascott Trust to non-executive independent directors of CapitaLand Ascott Trust Management Limited.

Immediately after the transaction

No. of ordinary voting shares/units held: 164823 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00400000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd..

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,796,166,466 stapled securities as at 7 November 2024 (being the last change in the total number of stapled securities in CLAS).

The percentages are rounded to the nearest 0.001%.

Remarks
Part payment of director's fees for the year ended 31 December 2024 by way of stapled securities in CapitaLand Ascott Trust to non-executive independent directors of CapitaLand Ascott Trust Management Limited.

Immediately after the transaction

No. of ordinary voting shares/units held: 1025381 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.02700000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd..

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,796,166,466 stapled securities as at 7 November 2024 (being the last change in the total number of stapled securities in CLAS).

The percentages are rounded to the nearest 0.001%.

Remarks
Part payment of directors' fees for the year ended 31 December 2024 by way of stapled securities in CapitaLand Ascott Trust to various non-executive independent directors of CapitaLand Ascott Trust Management Limited.

Immediately after the transaction

No. of ordinary voting shares/units held: 8453914 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.22000000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd..

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,796,166,466 stapled securities as at 7 November 2024 (being the last change in the total number of stapled securities in CLAS).

The percentages are rounded down to the nearest 0.01%.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 1066446802 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.09000000 (Deemed Interest)

Bartley does not have any direct interest in Units.

Bartley is filing this notification form to report a change in the percentage level of its deemed interest in Units from 32.97% to 28.09% due to the sale of 185,253,000 Units by TAL on 19 December 2024.

Bartley's deemed interest in Units arises through CLA Real Estate.

(A) Bartley's deemed interest via CLA Real Estate 28.09%
(i) CLASML holds 0.2256% of Units.
(ii) Somerset holds 23.5927% of Units.
(iii) TAL holds 0.1121% of Units.
(iv) Somerset is a subsidiary of TAL.
(v) CLASML and TAL are subsidiaries of CLI.
(vi) CLI through two other subsidiaries has a deemed interest in a further 0.1174% of Units.
(vii) CLI is a subsidiary of CapitaLand.
(viii) CapitaLand holds 4.0446% of Units.
(ix) CapitaLand is a subsidiary of CLA Real Estate.
(x) CLA Real Estate is a subsidiary of TJ Holdings III.
(xi) TJ Holdings III is a subsidiary of Glenville.
(xii) Glenville is a subsidiary of Mawson.
(xiii) Mawson is a subsidiary of Bartley.

Total deemed interest of Bartley 28.09%


CLA Real Estate is an independently managed Temasek portfolio company. Bartley is not involved in its business or operating decisions, including those regarding its positions in Units.

(i) Tembusu Capital Pte. Ltd. is a subsidiary of Temasek Holdings (Private) Limited
(ii) Bartley Investments Pte. Ltd. is a subsidiary of Tembusu Capital Pte. Ltd.
(iii) Mawson Peak Holdings Pte. Ltd. is a subsidiary of Bartley Investments Pte. Ltd.
(iv) Glenville Investments Pte. Ltd. is a subsidiary of Mawson Peak Holdings Pte. Ltd.
(v) TJ Holdings (III) Pte. Ltd. is a subsidiary of Glenville Investments Pte. Ltd.

The Listed Issuer is a stapled group comprising CapitaLand Ascott REIT and CapitaLand Ascott BT. Each Unit of the Listed Issuer comprises 1 CapitaLand Ascott REIT unit and 1 CapitaLand Ascott BT unit. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd.

The percentage of interest immediately before and after the change is calculated on the basis of 3,796,166,466 Units.

In this Notice, figures are rounded down to the nearest 0.01% or 0.0001%, as the case may be. Any discrepancies in aggregated figures are due to rounding.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 1066446802 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.09000000 (Deemed Interest)

Glenville does not have any direct interest in Units.

Glenville is filing this notification form to report a change in the percentage level of its deemed interest in Units from 32.97% to 28.09% due to the sale of 185,253,000 Units by TAL on 19 December 2024.

Glenville's deemed interest in Units arises through CLA Real Estate.

(A) Glenville's deemed interest via CLA Real Estate 28.09%
(i) CLASML holds 0.2256% of Units.
(ii) Somerset holds 23.5927% of Units.
(iii) TAL holds 0.1121% of Units.
(iv) Somerset is a subsidiary of TAL.
(v) CLASML and TAL are subsidiaries of CLI.
(vi) CLI through two other subsidiaries has a deemed interest in a further 0.1174% of Units.
(vii) CLI is a subsidiary of CapitaLand.
(viii) CapitaLand holds 4.0446% of Units.
(ix) CapitaLand is a subsidiary of CLA Real Estate.
(x) CLA Real Estate is a subsidiary of TJ Holdings III.
(xi) TJ Holdings III is a subsidiary of Glenville.

Total deemed interest of Glenville 28.09%


CLA Real Estate is an independently managed Temasek portfolio company. Glenville is not involved in its business or operating decisions, including those regarding its positions in Units.

(i) Tembusu Capital Pte. Ltd. is a subsidiary of Temasek Holdings (Private) Limited
(ii) Bartley Investments Pte. Ltd. is a subsidiary of Tembusu Capital Pte. Ltd.
(iii) Mawson Peak Holdings Pte. Ltd. is a subsidiary of Bartley Investments Pte. Ltd.
(iv) Glenville Investments Pte. Ltd. is a subsidiary of Mawson Peak Holdings Pte. Ltd.
(v) TJ Holdings (III) Pte. Ltd. is a subsidiary of Glenville Investments Pte. Ltd.

The Listed Issuer is a stapled group comprising CapitaLand Ascott REIT and CapitaLand Ascott BT. Each Unit of the Listed Issuer comprises 1 CapitaLand Ascott REIT unit and 1 CapitaLand Ascott BT unit. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd.

The percentage of interest immediately before and after the change is calculated on the basis of 3,796,166,466 Units.

In this Notice, figures are rounded down to the nearest 0.01% or 0.0001%, as the case may be. Any discrepancies in aggregated figures are due to rounding.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 1066446802 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.09000000 (Deemed Interest)

Mawson does not have any direct interest in Units.

Mawson is filing this notification form to report a change in the percentage level of its deemed interest in Units from 32.97% to 28.09% due to the sale of 185,253,000 Units by TAL on 19 December 2024.

Mawson's deemed interest in Units arises through CLA Real Estate.

(A) Mawson's deemed interest via CLA Real Estate 28.09%
(i) CLASML holds 0.2256% of Units.
(ii) Somerset holds 23.5927% of Units.
(iii) TAL holds 0.1121% of Units.
(iv) Somerset is a subsidiary of TAL.
(v) CLASML and TAL are subsidiaries of CLI.
(vi) CLI through two other subsidiaries has a deemed interest in a further 0.1174% of Units.
(vii) CLI is a subsidiary of CapitaLand.
(viii) CapitaLand holds 4.0446% of Units.
(ix) CapitaLand is a subsidiary of CLA Real Estate.
(x) CLA Real Estate is a subsidiary of TJ Holdings III.
(xi) TJ Holdings III is a subsidiary of Glenville.
(xii) Glenville is a subsidiary of Mawson.

Total deemed interest of Mawson 28.09%


CLA Real Estate is an independently managed Temasek portfolio company. Mawson is not involved in its business or operating decisions, including those regarding its positions in Units.

(i) Tembusu Capital Pte. Ltd. is a subsidiary of Temasek Holdings (Private) Limited
(ii) Bartley Investments Pte. Ltd. is a subsidiary of Tembusu Capital Pte. Ltd.
(iii) Mawson Peak Holdings Pte. Ltd. is a subsidiary of Bartley Investments Pte. Ltd.
(iv) Glenville Investments Pte. Ltd. is a subsidiary of Mawson Peak Holdings Pte. Ltd.
(v) TJ Holdings (III) Pte. Ltd. is a subsidiary of Glenville Investments Pte. Ltd.

The Listed Issuer is a stapled group comprising CapitaLand Ascott REIT and CapitaLand Ascott BT. Each Unit of the Listed Issuer comprises 1 CapitaLand Ascott REIT unit and 1 CapitaLand Ascott BT unit. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd.

The percentage of interest immediately before and after the change is calculated on the basis of 3,796,166,466 Units.

In this Notice, figures are rounded down to the nearest 0.01% or 0.0001%, as the case may be. Any discrepancies in aggregated figures are due to rounding.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 1066446802 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.09000000 (Deemed Interest)

TJ Holdings III does not have any direct interest in Units.

TJ Holdings III is filing this notification form to report a change in the percentage level of its deemed interest in Units from 32.97% to 28.09% due to the sale of 185,253,000 Units by TAL on 19 December 2024.

TJ Holdings III's deemed interest in Units arises through CLA Real Estate.

(A) TJ Holdings III's deemed interest via CLA Real Estate 28.09%
(i) CLASML holds 0.2256% of Units.
(ii) Somerset holds 23.5927% of Units.
(iii) TAL holds 0.1121% of Units.
(iv) Somerset is a subsidiary of TAL.
(v) CLASML and TAL are subsidiaries of CLI.
(vi) CLI through two other subsidiaries has a deemed interest in a further 0.1174% of Units.
(vii) CLI is a subsidiary of CapitaLand.
(viii) CapitaLand holds 4.0446% of Units.
(ix) CapitaLand is a subsidiary of CLA Real Estate.
(x) CLA Real Estate is a subsidiary of TJ Holdings III.

Total deemed interest of TJ Holdings III 28.09%


CLA Real Estate is an independently managed Temasek portfolio company. TJ Holdings III is not involved in its business or operating decisions, including those regarding its positions in Units.

(i) Tembusu Capital Pte. Ltd. is a subsidiary of Temasek Holdings (Private) Limited
(ii) Bartley Investments Pte. Ltd. is a subsidiary of Tembusu Capital Pte. Ltd.
(iii) Mawson Peak Holdings Pte. Ltd. is a subsidiary of Bartley Investments Pte. Ltd.
(iv) Glenville Investments Pte. Ltd. is a subsidiary of Mawson Peak Holdings Pte. Ltd.
(v) TJ Holdings (III) Pte. Ltd. is a subsidiary of Glenville Investments Pte. Ltd.

The Listed Issuer is a stapled group comprising CapitaLand Ascott REIT and CapitaLand Ascott BT. Each Unit of the Listed Issuer comprises 1 CapitaLand Ascott REIT unit and 1 CapitaLand Ascott BT unit. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd.

The percentage of interest immediately before and after the change is calculated on the basis of 3,796,166,466 Units.

In this Notice, figures are rounded down to the nearest 0.01% or 0.0001%, as the case may be. Any discrepancies in aggregated figures are due to rounding.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 1107574049 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 29.17000000 (Deemed Interest)

Temasek does not have any direct interest in Units.

Temasek is filing this notification form to report a change in the percentage level of its deemed interest in Units from 34.05% to 29.17% due to the sale of 185,253,000 Units by The Ascott Limited ("TAL") on 19 December 2024.

Temasek's deemed interest in Units arises through CLA Real Estate , DBSH and Fullerton.

(A) Temasek's deemed interest via CLA Real Estate 28.0927%
(i) CapitaLand Ascott Trust Management Limited ("CLASML") holds 0.2256% of Units.
(ii) Somerset Capital Pte Ltd ("Somerset") holds 23.5927% of Units.
(iii) TAL holds 0.1121% of Units.
(iv) Somerset is a subsidiary of TAL.
(v) CLASML and TAL are subsidiaries of CapitaLand Investment Limited ("CLI").
(vi) CLI through two other subsidiaries has a deemed interest in a further 0.1174% of Units.
(vii) CLI is a subsidiary of CapitaLand Group Pte. Ltd. ("CapitaLand").
(viii) CapitaLand holds 4.0446% of Units.
(ix) CapitaLand is a subsidiary of CLA Real Estate.
(x) CLA Real Estate is a subsidiary of TJ Holdings (III) Pte. Ltd. ("TJ Holdings III").
(xi) TJ Holdings III is a subsidiary of Glenville Investments Pte. Ltd. ("Glenville").
(xii) Glenville is a subsidiary of Mawson Peak Holdings Pte. Ltd. ("Mawson").
(xiii) Mawson is a subsidiary of Bartley Investments Pte. Ltd. ("Bartley").
(xiv) Bartley is a subsidiary of Tembusu Capital Pte. Ltd. ("Tembusu").
(xv) Tembusu is a subsidiary of Temasek.

(B) Temasek's deemed interest via DBSH 0.9121%
(i) DBS Bank Ltd. ("DBS Bank") has an interest in 0.9121% of Units.
(ii) DBS Bank is a subsidiary of DBSH.
(iii) Temasek has a more than 20% interest in DBSH.

(C) Temasek's deemed interest through Fullerton 0.1711%
(i) Fullerton has an interest in 0.1711% of Shares as investment manager for various funds, including funds in which Temasek through a subsidiary has an interest.
(ii) Fullerton is an indirect subsidiary of Temasek.

Total deemed interest of Temasek 29.17%


CLA Real Estate, DBSH and Fullerton are independently managed Temasek portfolio companies. Temasek is not involved in their business or operating decisions, including those regarding their positions in Units.

(i) Tembusu Capital Pte. Ltd. is a subsidiary of Temasek Holdings (Private) Limited
(ii) Bartley Investments Pte. Ltd. is a subsidiary of Tembusu Capital Pte. Ltd.
(iii) Mawson Peak Holdings Pte. Ltd. is a subsidiary of Bartley Investments Pte. Ltd.
(iv) Glenville Investments Pte. Ltd. is a subsidiary of Mawson Peak Holdings Pte. Ltd.
(v) TJ Holdings (III) Pte. Ltd. is a subsidiary of Glenville Investments Pte. Ltd.

The Listed Issuer is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each Unit of the Listed Issuer comprises 1 CapitaLand Ascott REIT unit and 1 CapitaLand Ascott BT unit. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd.

The percentage of interest immediately before and after the change is calculated on the basis of 3,796,166,466 Units.

In this Notice, figures are rounded down to the nearest 0.01% or 0.0001%, as the case may be. Any discrepancies in aggregated figures are due to rounding.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 1072945802 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.26000000 (Deemed Interest)

Tembusu does not have any direct interest in Units.

Tembusu is filing this notification form to report a change in the percentage level of its deemed interest in Units from 33.14% to 28.26% due to the sale of 185,253,000 Units by TAL on 19 December 2024.

Tembusu's deemed interest in Units arises through CLA Real Estate and Fullerton.

(A) Tembusu's deemed interest via CLA Real Estate 28.0927%
(i) CLASML holds 0.2256% of Units.
(ii) Somerset holds 23.5927% of Units.
(iii) TAL holds 0.1121% of Units.
(iv) Somerset is a subsidiary of TAL.
(v) CLASML and TAL are subsidiaries of CLI.
(vi) CLI through two other subsidiaries has a deemed interest in a further 0.1174% of Units.
(vii) CLI is a subsidiary of CapitaLand.
(viii) CapitaLand holds 4.0446% of Units.
(ix) CapitaLand is a subsidiary of CLA Real Estate.
(x) CLA Real Estate is a subsidiary of TJ Holdings III.
(xi) TJ Holdings III is a subsidiary of Glenville.
(xii) Glenville is a subsidiary of Mawson.
(xiii) Mawson is a subsidiary of Bartley.
(xiv) Bartley is a subsidiary of Tembusu.

(B) Tembusu's deemed interest through Fullerton 0.1711%
(i) Fullerton has an interest in 0.1711% of Shares as investment manager for various funds, including funds in which Temasek through a subsidiary has an interest.
(ii) Fullerton is an indirect subsidiary of Temasek.

Total deemed interest of Tembusu 28.26%


CLA Real Estate and Fullerton are independently managed Temasek portfolio companies. Tembusu is not involved in their business or operating decisions, including those regarding their positions in Units.

(i) Tembusu Capital Pte. Ltd. is a subsidiary of Temasek Holdings (Private) Limited
(ii) Bartley Investments Pte. Ltd. is a subsidiary of Tembusu Capital Pte. Ltd.
(iii) Mawson Peak Holdings Pte. Ltd. is a subsidiary of Bartley Investments Pte. Ltd.
(iv) Glenville Investments Pte. Ltd. is a subsidiary of Mawson Peak Holdings Pte. Ltd.
(v) TJ Holdings (III) Pte. Ltd. is a subsidiary of Glenville Investments Pte. Ltd.

The Listed Issuer is a stapled group comprising CapitaLand Ascott REIT and CapitaLand Ascott BT. Each Unit of the Listed Issuer comprises 1 CapitaLand Ascott REIT unit and 1 CapitaLand Ascott BT unit. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd.

The percentage of interest immediately before and after the change is calculated on the basis of 3,796,166,466 Units.

In this Notice, figures are rounded down to the nearest 0.01% or 0.0001%, as the case may be. Any discrepancies in aggregated figures are due to rounding.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 1066446802 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.08000000 (Deemed Interest)

CapitaLand Group Pte. Ltd. ("CLG") owns 54.04% of the equity interest in CapitaLand Investment Limited ("CLI").

CLI is deemed to be interested in 912,904,719 CLAS stapled securities which arises through its direct wholly owned subsidiaries namely:
(i) CapitaLand Ascott Trust Management Limited;
(ii) CapitaLand Ascott Business Trust Management Pte. Ltd.;
(iii) Carmel Plus Pte. Ltd.;
(iv) The Ascott Limited; and
(v) Somerset Capital Pte Ltd.

CLG is a substantial shareholder of CLI and therefore, CLG is deemed to have an interest in the stapled securities of CLAS in which CLI has an interest by virtue of Section 4 of the Securities and Futures Act 2001.

CLG is a wholly owned subsidiary of CLA Real Estate Holdings Pte. Ltd. ("CLA") and therefore CLA has a deemed interest in CLAS through CLG and CLI.

(a) The percentage of total number of stapled securities held "Immediately before the transaction" is based on 3,796,166,466 stapled securities in CLAS as at 7 Nov 2024, and rounded down to the nearest 0.01%.

(b) The percentage of total number of stapled securities held "Immediately after the transaction" is based on 3,796,166,466 stapled securities in CLAS as at 19 Dec 2024, and rounded down to the nearest 0.01%.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 153542083 (Direct Interest); 912904719 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 4.04000000 (Direct Interest); 24.04000000 (Deemed Interest)

CapitaLand Group Pte. Ltd. ("CLG") owns 54.04% of the equity interest in CapitaLand Investment Limited ("CLI").

CLI is deemed to be interested in 912,904,719 CLAS stapled securities which arises through its direct wholly owned subsidiaries namely:
(i) CapitaLand Ascott Trust Management Limited;
(ii) CapitaLand Ascott Business Trust Management Pte. Ltd.;
(iii) Carmel Plus Pte. Ltd.;
(iv) The Ascott Limited; and
(v) Somerset Capital Pte Ltd.

CLG is a substantial shareholder of CLI and therefore, CLG is deemed to have an interest in the stapled securities of CLAS in which CLI has an interest by virtue of Section 4 of the Securities and Futures Act 2001.

CLG is a wholly owned subsidiary of CLA Real Estate Holdings Pte. Ltd. ("CLA") and therefore CLA has a deemed interest in CLAS through CLG and CLI.

(a) The percentage of total number of stapled securities held "Immediately before the transaction" is based on 3,796,166,466 stapled securities in CLAS as at 7 Nov 2024, and rounded down to the nearest 0.01%.

(b) The percentage of total number of stapled securities held "Immediately after the transaction" is based on 3,796,166,466 stapled securities in CLAS as at 19 Dec 2024, and rounded down to the nearest 0.01%.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 912904719 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 24.04000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott REIT and CapitaLand Ascott BT. Each Stapled Security comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CLASML and the trustee-manager of CapitaLand Ascott BT is CLASBTMPL.

Any reference to the percentage of interests in CLAS is calculated based on the total number of Stapled Securities, being 3,796,166,466 Stapled Securities as at 7 November 2024.

On 19 December 2024, TAL sold an aggregate of 185,253,000 Stapled Securities, representing approximately 4.88% of CLAS, at a price of S$0.875 per Stapled Security, to an unrelated third party.

Immediately before the sale, TAL has a direct interest in approximately 4.99% of CLAS and a deemed interest of approximately 23.59% in CLAS through its wholly owned subsidiary SCPL. Following the sale, TAL's resultant direct interest in CLAS is approximately 0.11% and deemed interest in CLAS is approximately 23.59%.

Immediately before the sale by TAL, CLI has a deemed interest of approximately 28.92% in CLAS which arises through the interests of:

(i) SCPL of approximately 23.59%;
(ii) TAL of approximately 4.99%;
(iii) CLASML of approximately 0.22%; and
(iv) CLASBTMPL and CPPL of approximately 0.11%.

CLASML, TAL, CLASBTMPL and CPPL are wholly owned subsidiaries of CLI.

Following the sale by TAL, CLI's deemed interest in CLAS is approximately 24.04% which arises through the interests of:

(i) SCPL of approximately 23.59%;
(ii) TAL of approximately 0.11%;
(iii) CLASML of approximately 0.22%; and
(iv) CLASBTMPL and CPPL of approximately 0.11%.

The percentages are rounded down to the nearest 0.01%. Any discrepancies in the figures between the listed percentages and the totals thereof are due to rounding. Accordingly, the listed percentages may not be an arithmetic aggregation of the figures through which they arise.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 4257989 (Direct Interest); 895620219 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.11000000 (Direct Interest); 23.59000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS ("Stapled Security") comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CLASML and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd. ("CLASBTMPL").

Any reference to the percentage of interests in CLAS is calculated based on the total number of Stapled Securities, being 3,796,166,466 Stapled Securities as at 7 November 2024.

On 19 December 2024, TAL sold an aggregate of 185,253,000 Stapled Securities, representing approximately 4.88% of CLAS, at a price of S$0.875 per Stapled Security, to an unrelated third party.

Immediately before the sale, TAL has a direct interest in approximately 4.99% of CLAS and a deemed interest of approximately 23.59% in CLAS through its wholly owned subsidiary Somerset Capital Pte Ltd ("SCPL"). Following the sale, TAL's resultant direct interest in CLAS is approximately 0.11% and deemed interest in CLAS is approximately 23.59%.

Immediately before the sale by TAL, CapitaLand Investment Limited ("CLI") has a deemed interest of approximately 28.92% in CLAS which arises through the interests of:

(i) SCPL of approximately 23.59%;
(ii) TAL of approximately 4.99%;
(iii) CLASML of approximately 0.22%; and
(iv) CLASBTMPL and Carmel Plus Pte. Ltd. ("CPPL") of approximately 0.11%.

CLASML, TAL, CLASBTMPL and CPPL are wholly owned subsidiaries of CLI.

Following the sale by TAL, CLI's deemed interest in CLAS is approximately 24.04% which arises through the interests of:

(i) SCPL of approximately 23.59%;
(ii) TAL of approximately 0.11%;
(iii) CLASML of approximately 0.22%; and
(iv) CLASBTMPL and CPPL of approximately 0.11%.

The percentages are rounded down to the nearest 0.01%. Any discrepancies in the figures between the listed percentages and the totals thereof are due to rounding. Accordingly, the listed percentages may not be an arithmetic aggregation of the figures through which they arise.

Remarks
Issue of an aggregate of 4,659,019 new Units to Somerset Capital Pte Ltd ("Somerset"), as announced by the Listed Issuer on 7 November 2024.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 1291337446 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 34.01000000 (Deemed Interest)

Temasek does not have any direct interest in Units.

Temasek is filing this notification form to report a change in the percentage level of its deemed interest in Units from 33.93% to 34.01% due to the issue of an aggregate of 4,659,019 new Units to Somerset, as announced by the Listed Issuer on 7 November 2024.

Temasek's deemed interest in Units arises through CLA Real Estate Holdings Pte. Ltd. ("CLA Real Estate"), DBS Group Holdings Ltd ("DBSH") and Fullerton Fund Management Company Ltd. ("Fullerton").

(A) Temasek's deemed interest via CLA Real Estate 32.9727%
(i) CapitaLand Ascott Trust Management Limited ("CLASML") holds 0.2256% of Units.
(ii) Somerset holds 23.5927% of Units.
(iii) The Ascott Limited ("TAL") holds 4.9921% of Units.
(iv) Somerset is a subsidiary of TAL.
(v) CLASML and TAL are subsidiaries of CapitaLand Investment Limited ("CLI").
(vi) CLI through two other subsidiaries has a deemed interest in a further 0.1174% of Units.
(vii) CLI is a subsidiary of CapitaLand Group Pte. Ltd. ("CapitaLand").
(viii) CapitaLand holds 4.0446% of Units.
(ix) CapitaLand is a subsidiary of CLA Real Estate.
(x) CLA Real Estate is a subsidiary of TJ Holdings (III) Pte. Ltd. ("TJ Holdings III").
(xi) TJ Holdings III is a subsidiary of Glenville Investments Pte. Ltd. ("Glenville").
(xii) Glenville is a subsidiary of Mawson Peak Holdings Pte. Ltd. ("Mawson").
(xiii) Mawson is a subsidiary of Bartley Investments Pte. Ltd. ("Bartley").
(xiv) Bartley is a subsidiary of Tembusu Capital Pte. Ltd. ("Tembusu").

(B) Temasek's deemed interest via DBSH 0.8224%
(i) DBS Bank Ltd. ("DBS Bank") has an interest in 0.8224% of Units.
(ii) DBS Bank is a subsidiary of DBSH.
(iii) Temasek has a more than 20% interest in DBSH.

(C) Temasek's deemed interest through Fullerton 0.2217%
(i) Fullerton has an interest in 0.2217% of Shares as investment manager for various funds, including funds in which Temasek through a subsidiary has an interest.
(ii) Fullerton is an indirect subsidiary of Temasek.

Total deemed interest of Temasek 34.01%


CLA Real Estate, DBSH and Fullerton are independently managed Temasek portfolio companies. Temasek is not involved in their business or operating decisions, including those regarding their positions in Units.

Based on the information available to Temasek as at 7 November 2024, the issue of new Units to Somerset on 7 November 2024 ("7 Nov Issuance of new Units") did not cause any change in the percentage level of Temasek's deemed interest in Units.

On 8 November 2024, DBSH informed Temasek that DBS Bank had entered into a series of transactions in Units on 6 November 2024 ("6 Nov Transactions"). Taking into account the 6 Nov Transactions, Temasek's deemed interest in Units was 33.93% as at 6 November 2024.

Accordingly, taking into account the 6 Nov Transactions, the 7 Nov Issuance of new Units had caused a change in Temasek's deemed interest in Units to increase from 33.93% to 34.01%, and Temasek is required to file a substantial shareholding disclosure as a result of the 7 Nov Issuance of new Units.

The Listed Issuer is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each Unit of the Listed Issuer comprises 1 CapitaLand Ascott REIT unit and 1 CapitaLand Ascott BT unit. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd.

The percentage of interest immediately before the change is calculated on the basis of 3,791,507,447 Units.

The percentage of interest immediately after the change is calculated on the basis of 3,796,166,466 Units.

In this Notice, figures are rounded down to the nearest 0.01% or 0.0001%, as the case may be. Any discrepancies in aggregated figures are due to rounding.

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer

Immediately after the transaction

No. of ordinary voting shares/units held: 1852186 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.04000000 (Direct Interest); 0.00000000 (Deemed Interest)

CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust ("CapitaLand Ascott REIT") and CapitaLand Ascott Business Trust ("CapitaLand Ascott BT"). Each stapled security of CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT. The manager of CapitaLand Ascott REIT is CapitaLand Ascott Trust Management Limited and the trustee-manager of CapitaLand Ascott BT is CapitaLand Ascott Business Trust Management Pte. Ltd. ("CLASBTMPL").

As each stapled security in CLAS comprises one unit in CapitaLand Ascott REIT and one unit in CapitaLand Ascott BT, this notification is for the stapled securities. Any reference to units above relates to the stapled securities in CLAS.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" is calculated based on 3,791,507,447 stapled securities as at 7 August 2024 (being the last change in the total number of stapled securities in CLAS), and the percentage of total number of ordinary voting stapled securities held "immediately after the transaction" is calculated based on 3,796,166,466 stapled securities as at 7 November 2024 following the issuance of stapled securities.

The percentages are rounded down to the nearest 0.01%.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 1100215 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.02000000 (Direct Interest); 0.00000000 (Deemed Interest)

CLASBTMPL is entitled to receive 751,971 stapled securities in CLAS at an issue price of S$0.9583 per stapled security as partial payment of the management fee (base fee and performance fee) for the period from 1 July 2024 to 30 September 2024 (both dates inclusive). CLASBTMPL has sold the 751,971 stapled securities which it is entitled to receive, to Somerset Capital Pte Ltd ("SCPL"), a related corporation of CLASBTMPL, and in connection with the sale, CLASBTMPL has directed that such stapled securities be issued directly to SCPL instead of CLASBTMPL.

The percentage of total number of ordinary voting stapled securities in CLAS held "immediately before the transaction" and "immediately after the transaction" is calculated based on 3,796,166,466 stapled securities as at 7 November 2024 following the issuance of stapled securities.

The percentages are rounded down to the nearest 0.01%.