Acquisitions of a 100% Interest in a Logistics Asset in Singapore, a 50% Interest in a Business Space Asset in Singapore and a 49% Interest in a Data Centre Asset in Japan (24 March 2026)

Acquisitions of a 100% Interest in a Logistics Asset in Singapore, a 50% Interest in a Business Space Asset in Singapore and a 49% Interest in a Data Centre Asset in Japan

1

24 March 2026

Acquisitions CapitaLand Ascendas REIT

Agenda

01

CLAR's Portfolio Rejuvenation Strategy

02

Overview of Acquisitions

03

Rationale and Benefits of Acquisitions

04

Appendix

Disclaimer

This presentation may contain forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management regarding future events. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither the Manager nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use of, reliance on or distribution of this presentation or its contents or otherwise arising in connection with this presentation.

This presentation is for information only and does not constitute or form part of an offer, invitation or solicitation of any securities of CLAR in Singapore or any other jurisdiction nor should it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever.

The value of Units and the income derived from them, if any, may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.

Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on the SGX-ST. It is intended that Unitholders may

CapitaLand Ascendas REIT

only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

The past performance of CLAR is not necessarily indicative of the future performance of CLAR.

All figures in this presentation unless expressed differently or otherwise stated are rounded off to one decimal place.

This presentation has not been reviewed by the Monetary Authority of Singapore.

Capitalised terms used herein, unless otherwise defined, shall have the meaning ascribed to them in the announcement dated 24 March 2026 titled "The Acquisitions of (A) a 100% Interest in and Leaseback of a Logistics Asset Located in Singapore, (B) a 50.0% Interest in a Business Space Property Located in Singapore and (C) a 49.0% Interest in a Data Centre Located in Japan".

SG Portfolio Acquisition refers to the acquisition of a portfolio consisting of 2 Pioneer Sector 1, a ramp-up logistics property, Tuas Connection, a light industrial property, and 9 Kallang Sector, a high-specifications industrial property. US Logistics Acquisition refers to acquisition of DHL Canal Winchester, a modern Class A logistics property located at 8695 Basil Western Road, Canal Winchester, Ohio 43110, United States. Spain Portfolio Acquisition refers to acquisition of a portfolio consisting of six modern Class A logistics properties, being Sant Feliu I to IV in Barcelona, Spain and Torrejon I and II in Madrid, Spain. Together, they are referred to as Prior Acquisitions.

Note: Any discrepancies in the charts between the listed figures and totals thereof are due to rounding. Where applicable, figures and percentages are rounded to one decimal place.

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01

CLAR's Portfolio Rejuvenation Strategy

4 4

CapitaLand Ascendas REIT

Rejuvenating CLAR's portfolio with accretive acquisitions of quality logistics, business space and data centre assets in developed markets with healthy fundamentals

25 Loyang Crescent, Singapore

Consolidating CLAR's Positioning as a Global REIT Anchored in Singapore

Acquisitions (~S$1.4 billion1)

Japan Data Centre Greater Osaka, Japan

Ascent, 2 Science Park Drive, Singapore

1. Refers to total purchase consideration and on proportionate interests.

2. Based on 50% of the agreed property value and inclusive of S$15.0 million deferred consideration payable latest 15 months after the completion of the acquisition.

3. Based on 49% of the purchase price at an illustrative exchange rate of JPY100 : S$0.8120, used for all conversions from Japanese Yen amounts into Singapore Dollar amounts in this presentation.

4. NPI yields quoted are pre-transaction costs. 5

02

6

Overview of Acquisitions

1

CapitaLand Ascendas REIT

25 Loyang

Crescent

Changi Airport

• Features a modern four-storey ramp-up logistics building, 13 standalone industrial buildings mainly used for warehousing, terrace workshops and open yard space

• Remaining land lease tenure of 27.7 years

• Sale and leaseback to Toll on an absolute triple-net lease for 12 years with built-in annual rent escalation of 2.5%

1. Includes upfront land premium of S$46.35 million.

2. NLA exceeds GFA due to the inclusion of leasable yard space. 7

3. Based on revenue.

CapitaLand Ascendas REIT

NUS

2

• A global sovereign wealth fund holds the remaining 50% interest

• Remaining land lease of 55.5 years which is longer than the

  average in Singapore's industrial property market

• BCA Green Mark Platinum certified building

NUS

NUHS

Kent Ridge MRT

2 Science Park Drive

SSP1

One-north

1. Payable latest 15 months after the completion of the SG Business Space Acquisition.

2. As at 31 December 2025. 8

3. Based on gross rental income.

3

Kyoto

Osaka (CBD)

~10km

Nara

• A fund managed by a subsidiary of Mitsui S Co, a leading conglomerate in

  Japan, holds the remaining 51% in the data centre

• Freehold Tier III hyperscale data centre completed in 2023 with IT capacity of 40.5MW (with a potential expansion capacity of 5.4MW)

• Fully occupied by a blue-chip tenant, long lease of ~14 years with built-in annual rent escalation of 1.0%

1. An illustrative exchange rate of JPY100 : S$0.8120 is used for all conversions from Japanese Yen amounts into Singapore Dollar amounts in this presentation.

2. As at 31 December 2025. 9

3. Based on gross rental income.

03

Rationale and Benefits of Acquisitions

10

Rationale and Benefits of the Acquisitions

01

Continuing to anchor the portfolio in Singapore while strengthening CLAR's market leadership

02

Diversifying CLAR's global footprint across developed markets with healthy fundamentals - strategic expansion

into Japan's data centre market

03

Enhancing CLAR's portfolio with strategically located, quality assets

04

Stable income streams from established tenants in properties with high occupancy rates

05

Attractive NPI growth and DPU-accretive acquisitions

11

1

Pre-Acquisitions1 Post-Acquisitions2

Value of CLAR's portfolio asset under management (AUM) increases to

UK/Europe

10%

US 12%

Japan UK/Europe 3%

9%

US 11%

S$19.9 billion

CLAR's portfolio remains

Singapore-centric (66%

Australia 11%

Asset Value

S$18.5 B

Singapore

67%

Australia

11%

Asset Value S$19.9 B

of total portfolio AUM or

S$13.2 billion)

Logistics 25%

Data Centres 11%

Logistics 27% S$5.3 B

Asset Value

S$18.5 B

Business Space 36%

Life

Data Centres 13%

S$2.6 B

Asset Value S$19.9 B

Singapore 66% S$13.2 B

Business Space 34%

Life Sciences 7%

Logistics segment increases to 27% (S$5.3 billion) of total portfolio AUM

Data Centres segment increases to 13%

Industrial

20%

Sciences 8%

Industrial 19%

(S$2.6 billion) of total

portfolio AUM

1. As at 31 December 2025 and including US Logistics Acquisition which was acquired on 29 January 2026 as well as Spain Portfolio Acquisition which was acquired on 27 February 2026 on pro fiorma basis. 12

2. Assuming the Acquisitions were completed on 31 December 2025.

1

25 Loyang Crescent

Expands CLAR's logistics

footprint in Singapore to

22 properties1

Singapore 508988

Changi Logistics Centre

71 Alps Avenue

90 Alps Avenue

With a total AUM of

S$2.2 billion1

GFA of

Singapore Changi Airport

1.0 million sqm1

LogisTech

15 Changi North Way

and an occupancy rate of

97.7%1

1. Assuming SG Logistics Acquisition was completed on 31 December 2025 on a pro fiorma basis. 13

1

Nucleos Galaxis

One-north MRT

Fusionopolis

Neuros V Immunos

Biopolis

Reinforces CLAR's competitive position as one of the largest private sector owners of business space and life sciences assets in SSP, a key technology and RSD hub in Singapore

with

Singapore 118222

NUS

0.8km away

AI Corridor

Lorong AI

Nexus @one-north

>350

multinational corporations, global

NUHS

Kent Ridge

MRT

The Shugart

Kampong AI

Mediapolis

Grab HQ

leading digital and technology

companies, as well as laboratories

2 Science

Geneo (1, 1A, 1B V 5

Science Park Drive)

SSP1

S$2.3 billion1

The Capricorn

Park Drive 12, 14 V 16

Cintech I V II

The Alpha

The Aries, Sparkle V Gemini

Science Park Drive

Cintech III V IV

The Rutherfiord V Oasis

CLAR's total AUM in SSP

with an occupancy rate of

SSP2

The Galen The Kendall

88.4%1

1. Assuming the SG Business Space Acquisition was completed on 31 December 2025 and based on the acquisition of 50.0% interest in the SG Business Space Asset. 14

2

Pre-Acquisitions1 Post-Acquisitions2

In line with CLAR's strategy to expand data centre portfolio in

The

France Switzerland 9% 2%

France Switzerland

The 7% 2%

Netherlands

developed markets with healthy fundamentals

Netherlands

10%

UK 26%

Singapore 53%

Modern 24%

7%

UK 20%

Japan

24%

Singapore 40%

Modern 43%

CLAR's S$2.6 billion data centre portfolio spans across 6 developed countries. Majority in key established data centre hubs

Increases modern data centre assets to 43% of CLAR's data centre portfolio

1. As at 31 December 2025. 15

2. Assuming the Japan Data Centre Acquisition was completed on 31 December 2025.

2

✓

Japan: largest data centre market among developed countries in Asia Pacific (APAC)

Japan Data Centre IT Capacity Growth (megawatts)

• Osaka: second largest market in Japan and one of the fastest-

growing established data centre markets in APAC

2025 to 2030

CAGR: 24%

1,488

2,801

2025 2030E

Source: Cushman & Wakefield, PwC, Structure Research, JLL, CBRE. 16

Singapore 508988

25 Loyang Crescent

B

Changi Logistics Centre

A

71 Alps Avenue

90 Alps Avenue

1. ~15 minutes drive to Changi Airport and the future Changi East Industrial Zone which will support aviation-related logistics and boost Singapore's cargo-handling capacity

2. Situated in Loyang (east Singapore), a key industrial and logistics hub home to MNCs from aerospace, marine and engineering sectors. Enables seamless logistics efficiency by enabling air-land-sea logistics coordination within a single base with waterfront facilities, warehouses, offices and amenities

   C LogisTech

   15 Changi

   Singapore Changi Airport

   North Way

3. ~15 minutes drive to Pan Island Expressway and Tampines Expressway

17

Ascent,

2 Science Park Drive,

Singapore 118222

NUS

0.8km away

NUHS

B B

C

One-north MRT

Fusionopolis AI Corridor

D

Kampong AI

Biopolis

Mediapolis

A• Strategically located at the gateway of SSP 1, directly across the road from Geneo, the new life sciences and innovation cluster jointly developed by CapitaLand Development and CapitaLand Ascendas REIT

B• Within walking distance to Kent Ridge MRT Station, National University Hospital and National University of Singapore

C• Next to one-north district, a research and business park with biomedical

SSP2

A

2 Science

Park Drive

SSP1

sciences, info-communications technology and media companies, as well as science and research institutes,

D• Kampong AI and Lorong AI in one-north, Singapore's first integrated AI startup community with both work and living spaces

18

Kent Ridge

MRT

B

Japan

Data Centre

Greater Osaka, Japan

B

A

B

A• Situated within one of the main data centre hubs in Greater Osaka and home to multiple major global and regional data centre operators. It is in a high disaster resilience area with robust infrastructure for excellent access to high-capacity power and fibre connectivity

B• Approximately 30 km from Osaka and Kyoto and 10 km from Nara which provides excellent access to infrastructure networks

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SG Logistics Acquisition SG Business Space Acquisition Japan Data Centre Acquisition

Features a modern ramp-up logistics building, terrace workshops, and open yard space

A diverse range of logistics and industrial space to cater to various uses

Premium business space property completed in 2016 with remaining land lease tenure of ~55 years

BCA Green Mark Platinum certified

Newly built in 2023 with earthquake absorbing structure for seismic intensity level 7

TRUE (Total Resource Use and Efficiency) certified as of 2025

r t I i r t I i

Remaining land tenure of ~28 years Remaining land tenure of ~55 years Freehold

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