Ascendas REIT - Annual Report 2021

Additional Information INTERESTED PERSON TRANSACTIONS The transactions entered into with interested persons during the financial year, which fall under the Listing Manual of the SGX-ST and the Property Funds Appendix of the CIS (excluding transactions of less than $100,000 each) are as follows: Name of interested party Nature of relationship Aggregate value of all interested party transactions during the financial period under review (excluding transactions less than $100,000) $'000 Aggregate value of all interested party transactions conducted under unitholders' mandate during the financial period under review (excluding transactions less than $100,000) $'000 Temasek Holdings (Private) Limited and its associates Controlling shareholder of the Manager and controlling Unitholder, and its subsidiaries and associates – Acquisition fees 19,434 (1) – – Acquisition of remaining 75% equity interest in AF5PL 588,300 – – Carpark income 234 – – Divestment fees 1,241 (2) – – Lease rental, service charge and utilities income 74,383 – – Base management fees 63,841 (3) – – Performance fee 7,394 (4) – – Development fee 3,795 – – Marketing fees 16,587 – – Property service fees 40,121 – – Receipts/recovery of expenses paid on behalf and reimbursables 1,126 – – Sale of a property 103,160 – HSBC Institutional Trust Service (Singapore) Ltd Trustee – Trustee fees 2,570 – 922,186 – (1) Acquisition fee of 1.0% on the purchase price of investment properties acquired by the Group during the financial year. (2) Divestment fee of 0.5% on the sale price of investment properties divested by the Group during the financial year. (3) Base management fee of 0.5% per annum on the Adjusted Deposited Property. With effect from 19 November 2007, the Manager has elected to receive 20% of the base management fee in units and 80% in cash for all properties. . (4) Performance fee of 0.1% per annum on the Deposited Property, provided that the annual growth in distribution per Unit in a given financial year exceeds 2.5% and an additional 0.1% per annum of the Deposited Property, provided that the growth in distribution per Unit in a given financial year exceeds 5.0%. Saved as disclosed above, there were no additional interested person transactions (excluding transactions of less than $100,000 each) entered into up to and including 31 December 2021 nor any material contracts entered by Ascendas Reit or any of its subsidiaries that involved the interests of the CEO, any Directors of the Manager, or any controlling Unitholder of the Trust, either still subsisting at the end of financial year under review or entered into since the end of the previous financial year. Annual Report 2021 261