158 CapitaLand Ascendas REIT Notes to the Financial Statements 31 December 2025 (c) As at 31 December 2025, loans to subsidiaries bear interest of SORA + 1.70%, Bank Bill Swap Bid Rate (BBSY)+2.5% and Bank Bill Swap Rate (BBSW)+2.0%, ranging from 2.59% to 6.97% (2024 : (BBSY)+2.5% and Bank Bill Swap Rate (BBSW)+2.0%, ranging from 6.79% to 6.99%) per annum respectively. The principal amount of the loans to subsidiaries will not be called by the Trust in the next 12 months from the end of the financial year. Details of interests in subsidiaries: Name of subsidiary Principal activity Principal place of business Proportion of ownership interest and voting rights held by the trust 2025 % 2024 % (i) Direct subsidiaries PLC 8 Holdings Pte. Ltd.* Investment holding Singapore 100 100 Ascendas REIT Australia^ Investment holding Australia 100 100 Ascendas REIT (Europe) Pte.Ltd.* Investment holding Singapore 100 100 Ascendas REIT (Europe) 2 Pte. Ltd.* Investment holding Singapore 100 100 Ascendas US HoldCo Pte Ltd* Investment holding Singapore 100 100 Ascendas REIT BP Trust 1^ Investment holding Australia 100 100 Ascendas Logistics Trust 3 ^ Investment holding Australia 100 100 Ascendas Reit (Singapore Sub 1) LLP* Investment in real estate assets Singapore 100 100 Ascendas REIT Moonshine Trust* Investment holding Singapore 100 100 A scendas REIT Singapore Holdco 1 Pte. Ltd.* Investment holding Singapore 100 100 Ascendas REIT 9KS Trust** Investment holding Singapore 100(i) - Ascendas REIT 9KS Holdco Pte. Ltd.** Investment holding Singapore 100(i) - CLDCSG Trust* Investment in real estate assets Singapore 100(i) - (ii) Indirect subsidiaries Ascendas REIT (Singapore Sub 2) LLP* Investment in real estate assets Singapore 100 100 PLC 8 Development Pte. Ltd.* Commercial and industrial real estate management Singapore 100 100 Waterbay Investment Pte. Ltd.** Investment in real estate assets Singapore 100(i) - Ascendas Logistics Trust^, ^^ Investment holding Australia 100 100 Ascendas Logistics Trust 2^ Investment holding Australia 100 100 Ascendas Longbeach Trust No.1^ Investment holding Australia 100 100 Ascendas Longbeach Trust No.2^ Investment holding Australia 100 100 Ascendas Longbeach Trust No.3^ Investment holding Australia 100 100 Ascendas Longbeach Trust No.4^ Investment holding Australia 100 100 Ascendas Longbeach Trust No.5^ Investment holding Australia 100 100 Ascendas Longbeach Trust No.6^ Investment holding Australia 100 100 Ascendas Longbeach Trust No.7^ Investment holding Australia 100 100 Ascendas Longbeach Trust No.8^ Investment holding Australia 100 100 8. Interests in Subsidiaries and Loans to Subsidiaries (continued)
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