Ascendas Real Estate Investment Trust : Results Of Annual General Meeting Held On 29 April 2021

ASCENDAS REAL ESTATE INVESTMENT TRUST

(Constituted in the Republic of Singapore pursuant to a trust deed dated 9 October 2002 (as amended))

ANNOUNCEMENT

RESULTS OF ANNUAL GENERAL MEETING HELD ON 29 APRIL 2021

Ascendas Funds Management (S) Limited, as manager of Ascendas Real Estate Investment Trust ("Ascendas Reit", and the manager of Ascendas Reit, the "Manager"), wishes to announce that at the Annual General Meeting ("AGM") of holders of units of Ascendas Reit held on 29 April 2021, all resolutions set out in the Notice of AGM dated 7 April 2021, and put to vote by poll at the AGM, were duly passed.

The information as required under Rule 704(16) of the Listing Manual of Singapore Exchange Securities Trading Limited is set out below:

1. Breakdown of all valid votes cast at the AGM

					For		Against
			Total number				As a				As a
			of units				percentage				percentage
	Resolution number		represented				of total				of total
		by votes for		Number of		number of		Number of		number of
	and details
		and against			votes for			votes for
				units			units
			the relevant			and			and
			resolution				against the				against the
							resolution				resolution
							(%)				(%)
	Ordinary Resolution 1
	Adoption of the Report
	of HSBC Institutional
	Trust Services
	(Singapore) Limited, as
	trustee of Ascendas
	Reit, the Statement by	2,509,985,248	2,504,914,022	99.80	5,071,226	0.20
	the Manager, the
	Audited Financial
	Statements of
	Ascendas Reit for the
	financial year ended 31
	December 2020 and the
	Auditors' Report
	thereon.

					For		Against
			Total number				As a				As a
			of units				percentage				percentage
	Resolution number		represented				of total				of total
		by votes for		Number of		number of		Number of		number of
	and details
		and against			votes for			votes for
				units			units
			the relevant			and			and
			resolution				against the				against the
							resolution				resolution
							(%)				(%)
	Ordinary Resolution 2
	Re-appointment of Ernst
	& Young LLP as
	Auditors of Ascendas	2,548,570,849	2,542,167,940	99.75	6,402,909	0.25
	Reit and grant of
	authority to the Manager
	to fix the Auditors'
	remuneration.
	Ordinary Resolution 3
	Authority for the
	Manager to issue units	2,551,298,758	2,218,329,847	86.95	332,968,911	13.05
	in Ascendas Reit
	("Units") and to make or
	grant instruments
	convertible into Units.
	Ordinary Resolution 4
	Renewal of the Unit	2,550,970,052	2,550,195,714	99.97	774,338	0.03
	Buy-Back Mandate.

1. Appointed scrutineer
   DrewCorp Services Pte Ltd was appointed as scrutineer for the AGM.

BY ORDER OF THE BOARD

Ascendas Funds Management (S) Limited (Company Registration No.: 200201987K)

As Manager of Ascendas Real Estate Investment Trust

Mary Judith de Souza Company Secretary 29 April 2021

Important Notice

The past performance of Ascendas Real Estate Investment Trust ("Ascendas Reit") is not indicative of future performance. The listing of the units in the Ascendas Reit ("Units") on the Singapore Exchange Securities Trading Limited (the "SGX-ST") does not guarantee a liquid market for the Units. The value of the Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, Ascendas Funds Management (S) Limited (the "Manager") or any of its affiliates. An investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the Manager redeem or purchase their Units while the Units are listed on the SGX-ST. It is intended that holders of Units may only deal in their Units through trading on the SGX-ST.

This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units.