Ascendas REIT - Annual Report 2021

Additional Information Please also see Significant Related Party Transactions in Note 26 to the financial statements. The entry into and the fees payable pursuant to the Trust Deed have been approved by the Unitholders upon purchase of the Units at the initial public offering of Ascendas Reit on the SGX-ST in November 2002 and in an Extraordinary General Meeting held on 28 June 2007 (where the Unitholders approved the amendment of the Trust Deed, inter alia, to allow the Manager to receive development management fees), and are therefore not subject to Rules 905 and 906 of the Listing Manual. The entry into and the fees payable pursuant to the Property Management Agreements and Lease Management Agreement have been approved by the Unitholders in an Extra General Meeting held on 28 June 2012, and such fees shall not be subject to the aggregation or further Unitholders’ approval requirement under Rules 905 and 906 of the Listing Manual to the extent that there is no subsequent change to the rates and/or bases of the property management fees and related expenses thereunder which are adverse to Ascendas Reit. FEES PAID TO THE MANAGER AND THE PROPERTY MANAGERS FY2021 FY2020 $'000 $'000 Asset / Fund management fees – Base fee 63,841 57,538 – Performance fee 7,394 – Total fees paid to the Manager 71,235 57,538 % of Total amount available for distribution (before all fees) 9.60% 9.16% % of Total assets 0.40% 0.38% – Lease management fee 9,663 8,432 – Property management fee 28,936 21,723 Total fees paid to the Property Managers 38,599 30,155 % of Total amount available for distribution (before all fees) 5.20% 4.80% % of Total assets 0.20% 0.20% Trustee's fee 2,570 2,328 Total fees paid to the Trustee 2,570 2,328 % of Total amount available for distribution (before all fees) 0.35% 0.37% % of Total assets 0.01% 0.02% Major transactional fees – Acquisition fee 19,434 10,242 – Divestment fee 1,241 627 Total transactional fees paid to Manager 20,675 10,869 % of Total assets 0.12% 0.07% – Project management fee 1,402 2,104 Total transactional fees paid to the Property Managers 1,402 2,104 % of Total assets 0.01% 0.01% LISTING OF ASCENDAS REIT NEW UNITS An aggregate of 177.1 million new Units were issued during the year bringing the total number of Units in issue to 4,197.9 million as at 31 December 2021. Ascendas Reit 262