Investor Presentaiton

Accretive Acquisitions in Prime Locations Acquiring S$530.8 mil in properties in the key capital cities of London, Dublin and Jakarta The Cavendish London Temple Bar Hotel Ascott Kuningan Jakarta Artist's impression of the entrance of The Cavendish London EPR ARCHITECTS DPS accretive NAV accretive DPS accretion 1.8%¹ EBITDA yield 6.2%2 on a FY 2022 pro forma basis Further accretion expected post-AEI of The Cavendish London c.6.5% 3 Expected post-renovation stabilised yield CLAS will distribute past divestment gains to mitigate the impact from the renovation Expected increase in property value of The Cavendish London GBP 101.0 mil (S$174.9 mil) from valuation as of 30 Jun 2023 Co-sharing of renovation costs with operator GBP 27.5 mil (S$47.6 mil) Estimated proportion of project cost attributable to CLAS Acquisition completed in Nov 2023 Notes: 1. 2. 3. The effects of the renovations of The Cavendish London and Temple Bar Hotel and the costs of financing the Milestone Payments are not taken into account in determining the pro forma financial effects, as the Milestone Payments will be made only when 70% of the renovations of The Cavendish London and Temple Bar Hotel are completed. Excluding the Milestone Payments which are to be made only when 70% of the renovations of The Cavendish London and Temple Bar Hotel are completed. Including the Milestone Payments, the EBITDA yield is 5.1% on a FY 2022 pro forma basis. Based on stabilised EBITDA before FF&E reserves in year 2027/28 over The Cavendish London's agreed property value (GBP 215.0 mil (c.S$372.3 mil), estimated capitalised costs (GBP 3.8 mil (c.S$6.6 mil)), and estimated proportion of project cost attributable to CLAS (GBP 27.5 mil (c.S$47.6 mil)). Such EBITDA figures are from the HVS valuation on a stabilised basis. The property's EBITDA yield is 4.1% on a FY 2022 pro forma basis. CapitaLand Ascott Trust Investor Presentation 20

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