Investor Presentaiton

Other Asset Enhancement Initiatives Uplifting the value and profitability of properties in prime locations of key gateway cities Pipeline of asset enhancement projects to unlock organic growth potential and drive higher returns Capital expenditure to be partially funded by master lessee / operator CLAS' contribution expected to be funded by proceeds from the EFR in Aug 2023, divestment proceeds, debt facilities and/or cash generated from properties c.10.6% Yield on AEl cost E Citadines Holborn-Covent Garden London 3Q 2023 to 3Q 2024 Citadines Les Halles Paris 2Q 2023 to 2Q 2024 Citadines Kurfürstendamm Berlin 4Q 2023 to 2Q 2024 La Clef Tour Eiffel Paris 3Q 2023 to 2Q 2024 Temple Bar Hotel 1Q 2024 to 4Q 2024 c.6.5% Expected post-renovation stabilised yield The Cavendish London 4Q 2024 to 4Q 2025 EPR ARCHITECTS c.11.3% Yield on AEl cost Sydney Central Hotel 4Q 2024 to 1Q 2026 Note: Images are artist's impressions (except for Temple Bar Hotel which is an image of an existing room) and timelines of the asset enhancement initiatives are subject to change CapitaLand Ascott Trust Investor Presentation 23

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