Investor Presentaiton

米 United Kingdom Stable performance supported by demand from all segments and contribution from The Cavendish London 167 RevPAU (GBP) Includes TCL which was acquired in 167 Nov 2023 -3%1 11% of total assets, 8% of 2H 2023 gross profit: 5 SRs under management contracts with minimum guaranteed income (MCMGI) 1621 4Q 2022 4Q 2023 . 2H 2023 revenue and gross profit were 13% and 21% higher y-o-y respectively due to contribution from The Cavendish London (TCL), which was acquired in Nov 2023, and higher ADR achieved at the other properties; on a same-store basis¹, 2H 2023 revenue increased 5% For 4Q 2023, RevPAU was stable y-o-y and on a same-store basis¹, dipped slightly by 3% y-o-y to GBP 162 due to the refurbishment at Citadines Holborn-Covent Garden London; nonetheless, 4Q 2023 same-store RevPAU was 18% higher against pre-Covid levels in 4Q 2019 Demand was largely driven by the corporate and leisure short-stay segments, with several small city events providing additional uplift • • Market demand in 1Q 2024 is expected to remain positive; corporate and group segments provide a stable base at CLAS' properties, mitigating some impact from the ongoing refurbishment at Citadines Holborn-Covent Garden London All properties are under MCMGI; variable income will allow CLAS to enjoy the upside of the strong recovery while the guaranteed income continues to offer downside protection Note: 1. Excluding contribution from TCL which was acquired in Nov 2023 CapitaLand Ascott Trust Investor Presentation 38

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