Investor Presentaiton

Poised for Continued Growth Notwithstanding macroeconomic uncertainties, the demand for accommodation remains robust • Increase in flight capacities to provide tailwind for further growth International flight capacities have not fully recovered to 2019 levels • International travel is expected to pick up pace as flight capacities increase • Outlook positive in CLAS' markets Demand for accommodation continues to be robust, supported by the return of tourism, business and industrial activities, events and performances CLAS' properties are mainly located in key gateway cities or manufacturing hubs which are underpinned by strong demand drivers ⚫ CLAS' revenue growth has outpaced the increase in operating costs • Exercising prudence, delivering sustainable returns Despite the macroeconomic . uncertainties, CLAS' performance is expected to remain resilient Geographic diversification, range of lodging asset classes and different contract types, which give rise to a balanced mix of stable and growth income CLAS sees investment, asset enhancement and portfolio reconstitution opportunities across lodging asset classes, and will continue to exercise financial discipline in its growth plans • CapitaLand Ascott Trust 1H 2023 Financial Results 36

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