$CapLand Ascendas REIT(A17U.SI)$  

 LAUNCH OF EQUITY FUND RAISING TO RAISE GROSS PROCEEDS OF

NO LESS THAN APPROXIMATELY S$900 MILLION.

Between S$2.406 and S$2.450 for each Private Placement Unit

Between S$2.35 and S$2.40 for each Preferential Offering Unit.

To fund the acquisition of 11 properties.

Advance DPU of 3.5 cents. XD 31 March 2026.

ANNOUNCEMENT

THE ACQUISITIONS OF

(A) A 100.0% INTEREST IN AND LEASEBACK OF A LOGISTICS ASSET LOCATED IN

SINGAPORE, (B) A 50.0% INTEREST IN A BUSINESS SPACE ASSET LOCATED IN

SINGAPORE AND (C) A 49.0% INTEREST IN A DATA CENTRE ASSET LOCATED IN JAPAN

DPU Accretion

The aggregate pro forma distribution per Unit (“DPU”) accretion of the Prior Acquisitions and

the Acquisitions is approximately 4.1%, assuming the Prior Acquisitions and the Acquisitions

were completed on 1 January 2025.

The Potential Acquisitions are expected to be DPU accretive on a pro forma basis.

For illustrative purposes only, the estimated aggregate pro forma DPU accretion of the Prior

Acquisitions, the Acquisitions and the Potential Acquisitions is between 4.2% and 4.3%,

assuming the Prior Acquisitions, the Acquisitions and the Potential Acquisitions were

completed on 1 January 2025.

Gearing will decrease from 39% to 34.5%.