Investor Presentaiton

United Kingdom Recovery momentum remains strong, demand boosted by leisure travellers in the quarter 6% of total assets, 8% of 2H 2022 gross profit: 4 SRs under management contracts with minimum guaranteed income (MCMGI) 333 93 4Q 2021 RevPAU (GBP) +80% 167 4Q 2022 2H 2022 revenue and gross profit rose by 100% and 64% y-o-y respectively, on the back of stronger demand with the reopening of borders and recovery of travel 4Q 2022 RevPAU was 80% higher y-o-y and 13% higher q-o-q at GBP 167, which was 22% higher than pre-Covid levels in 4Q 2019 Properties reflected strong leisure demand from both international and domestic sources during the year-end holiday season Steady contribution from corporate and long- stay segments; no reduction in corporate travel budgets observed thus far . Outlook for 1Q 2023 reflects a positive momentum with demand expected to come mainly from corporate travellers and cultural groups, boosted by several small city-wide events Citadines Holborn-Covent Garden London will undergo refurbishment from 2Q 2023; property will remain operational during the refurbishment 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 CapitaLand Ascott Trust Investor Presentation 42

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