Ascendas REIT - Annual Report 2021

Corporate Governance 1. The amounts disclosed include bonuses earned which have been accrued for in FY2021. 2. The proportion of value of the Unit awards is based on the fair value of the Units comprised in the contingent awards under the Ascendas Funds Management (S) Limited Restricted Unit Plan (RUP) and Ascendas Funds Management (S) Limited Performance Unit Plan (PUP) at the time of grant in FY2021. The final number of Units released under the contingent awards of Units for the RUP and PUP will depend on the achievement of pre-determined targets and subject to the respective vesting period under the RUP and PUP. 3. The disclosure excludes the one-time contingent Special PSP Award of 478,211 CLI shares granted to certain key management personnel, of which 230,251 CLI shares were granted to the CEO 4. James Goh was appointed as Head, Portfolio Management with effect from 15 November 2021. 5. Serena Teo was transferred out from Ascendas Funds Management (S) Limited with effect from 15 November 2021. 6. Lawden Tan’s last day of service was on 2 January 2022. He was not eligible for FY2021 bonus. NON-EXECUTIVE DIRECTORS’ REMUNERATION TABLE FOR FY2021 Components of Directors’ fees 1,2,3 (S$) Cash Component (80%) Unit Component (20%) Total Non-Executive Directors Dr Beh Swan Gin 4, 5 148,000 – 148,000 Chan Pengee, Adrian 4 107,200 26,800 134,000 Chong Chiet Ping 6 86,631 – 86,631 Daniel Cuthbert Ee Hock Huat 89,600 22,400 112,000 Chinniah Kunnasagaran 89,600 22,400 112,000 Ong Lee Keang Maureen 7 27,792 6,948 34,740 Manohar Khiatani 4 N.A. 3 N.A. 3 N.A. 3 Lim Cho Pin Andrew Geoffrey N.A. 3 N.A. 3 N.A. 3 Aggregate of remuneration for Non-Executive Directors: S$627,371.00 N.A. : Not Applicable 1 Inclusive of attendance fees of (a) S$2,000 (local meeting) and S$5,000 (overseas meeting) per meeting attendance in person, (b) S$1,700 per meeting attendance via audio or video conference, (c) S$1,000 per meeting attendance at project and verification meetings, and (d) S$500 per meeting attendance via audio or video conference at project and verification meetings. Attendance fees at project and verification meetings are subject to a maximum of S$10,000 per Director per annum. 2 Each non-executive Director (save for non-executive Directors who are employees of CLI Group or are stepping down in the financial year or are public officers) shall receive up to 20% of his or her Director’s fees in the form of Units (subject to truncation adjustments). The remainder of the Director’s fees shall be paid in cash. No new Units will be issued for this purpose as these Units will be paid by the Manager from the Units it holds. 3 Non-executive Directors who are employees of CLI Group do not receive Directors’ fees. 4 The Nominating & Remuneration Committee (NRC) was formed on 20 October 2021. Dr Beh Swan Gin was appointed as Chairman of the NRC; and Mr Chan Pengee, Adrian and Mr Manohar Khiatani were appointed as members of the NRC. 5 All Director’s fees payable to Dr Beh Swan Gin, a public officer, will be paid in cash to a government agency, The Directorship and Consultancy Appointments Council. 6 Ms Chong Chiet Ping retired as Non-Executive Independent Director and a member of the Audit & Risk Committee on 1 November 2021 and will receive all her Director’s fees for FY2021 in cash. 7 Ms Ong Lee Keang Maureen was appointed as Non-Executive Independent Director and a member of the Audit & Risk Committee on 1 September 2021. Annual Report 2021 145