Investor Presentaiton

New Divesting 4 Mature Properties in France In line with ongoing portfolio reconstitution efforts; potential to recycle proceeds into higher-yielding investments Citadines Citadines Citadines City Centre Lille Citadines Croisette Cannes • Entered into conditional sale and purchase agreements to divest 4 properties in regional France for EUR 44.4 mil (S$63.4 mil¹) to an unrelated third party • • Citadines Steadines Citadines . Citadines Castellane Marseille Citadines Prado Chanot Marseille Notes: 1. Based on exchange rate of EUR 1 = S$1.4281 2. Exit yield is computed based on FY 2022 Earnings Before Interest, Taxes, Depreciation and Amortisation CapitaLand Ascott Trust In line with CLAS' ongoing portfolio reconstitution efforts The properties are Citadines City Centre Lille, Citadines Croisette Cannes, Citadines Castellane Marseille, and Citadines Prado Chanot Marseille Divesting at premium of 63% above properties' book value and exit yield² of about 4% Unlocking net gain of EUR 0.2 mil (c.S$0.3 mil¹) Completion expected in 4Q 2023 1H 2023 Financial Results 28

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