Ascendas Real Estate Investment Trust : Disclosure Of Interest/ Changes In Interest Of Substantial Shareholder(s)/ Unitholder(s) – Ceasing To Be A Substantial Unitholder – The Bank Of New York Mellon Corporation

SECURITIES AND FUTURE LAW (CHAP. 289)		FORM
SECURITIES AND FUTURES (DISCLOSURE OF INTERESTS)
REGULATIONS 2012		3
NOTICE FORM FOR ESSENTIALS
SHAREHOLDER (S) IN RELATION TO INTERESTS IN		(Electronic format)

Explanatory note

1. Please read the explanations carefully before completing the registration form.
2. This form is for material shareholders / unitholders for notification under Section 135, 136, 137, 137J (whichever Sections 135, 136 and 137) or 137U (whichever Sections 135, 136 and 137) of the Securities and Futures Act (the “SFA”).
3. This electronic Form 3 and a separate Form C containing the details and contact details of the material shareholder (s) must be completed by the material shareholder (s) or a person duly authorized by them the essential shareholder (s) in addition. The authorized person should keep a record of the information provided to him / her by the material shareholders.
4. This form and Form C must be completed electronically and sent to the listed issuer via an electronic medium such as Email notes. The listed issuer will attach both forms to the mandatory SGXNet announcement template for distribution as required by Sections 137G (1), 137R (1) and 137ZC (1) of the SFA, respectively. Although Form C is attached to the announcement template, it will not be released to the public and will only be made available to the Singapore Monetary Authority (the “Authority”).
5. If a transaction results in similar reportable obligations from more than one material shareholder / shareholder, all of those material shareholder / shareholder may make notifications using the same notification form.
6. A single form may be used by a Material Shareholder / Shareholder for more than one transaction that results in Reportable Obligations occurring within the same Reportable Period (ie, within two business days of the earliest transaction known). There doesn’t have to be Offsetting of two or more reportable transactions, even if they take place on the same day.
7. All applicable parts of the registration form must be completed. If there is not enough space for your answers, please attach attachment (s) by clicking on the paper clip icon below left corner or in point 11 of part II or point 10 of part III. The total file size for all attachments should not exceed 1MB.
8. With the exception of Point 5 of Part II and Point 1 of Part IV, please select only one option from the relevant check boxes.
9. Please note that providing false or misleading information is a criminal offense under Part VII of the SFA.
10. In this form, the term “listed issuer” refers to –
11. 1. a company incorporated in Singapore the shares of which are listed in whole or in part on the official listing of a stock exchange;
    2. a corporation (not a Singapore incorporated company or collective investment scheme incorporated as a corporation) any or all of the stocks that are listed on an official listing on a stock exchange, such listing being a primary listing;

1. a registered business trust (as defined in the Business Trusts Act (Cap. 31A)) means all units, the units of which are listed on the official listing of a stock exchange;
2. a recognized business trust any or all of the Shares which are officially listed on a stock exchange, such listing being a primary listing; or
3. a collective investment scheme, which is a trust that invests principally in real estate and real estate-related assets as set out by the agency in the Code of Collective Investment Schemes and any or all of the shares that are listed on the official listing of the one Stock exchange, this listing being a primary listing (“Real Estate Investment Trust”).

11. Additional instructions and guidance on how to complete this reporting form can be found in Section 7 of the Electronic Reporting Forms User Guide available on the Agency’s website at http://www.mas.gov.sg (under “Regulations and Financial Stability”, ” Regulations, guidelines and licenses “,” Securities, futures and fund management “,” Forms “,” Disclosure of interests “).

Part I – General

1. Name of the listed issuer:

Ascendas Real Estate Investment Trust

2. Type of listed issuer:

Company / company

Registered / recognized trust company

Real estate investment trust

Name of the trustee manager / responsible person:

Ascendas Funds Management (S) Limited

3. Are there more than one Material Shareholder / Shareholder reporting on this form?

no (Please continue with Part II)

Yes (Please continue with Part III & IV)

4. Date of notification to the listed issuer:

14-December-2021

FORM 3 /[ Version 2.0 ]/ Validity date [ 21 March 2014 ]

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Part II – Material Unitholders / Unitholders and Transaction Details

[To be used for single Substantial Shareholder/Unitholder to give notice]

1. Name of material shareholder / shareholder:

The Bank of New York Mellon Corporation

2. Is the material shareholder (s) a fund manager or a person whose shares in the securities of the listed issuer are held solely through the fund manager (s)?

Yes

no

transactionONE

1. Communication about:

Become a material shareholder

Change the percentage of the interest while remaining a material shareholder

1. Date of acquisition or change of participation:
   13-December-2021
2. Date on which the material shareholder / shareholder became aware of the acquisition or change in the shareholding (if different from point 2 above, please state the date):
   14-December-2021
3. Explanation (if the time of knowledge differs from the time of purchase or the change in interest rates):
   Our filing date December 14, 2021 is in line with our reporting guidelines, which is the reporting rules of 2 business days from the trade date.
4. Type of securities that are the subject of the transaction (more than one option can be chosen):

Voting shares / units

Rights / options / options on shares / units with voting rights

Convertible bonds for shares / units with voting rights (Conversion price known)

Other (please specify):

FORM 3 /[ Version 2.0 ]/ Validity date [ 21 March 2014 ]

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1. Number of shares, units, rights, options, warrants and / or the nominal amount of the convertible bonds that have been acquired or sold by a material shareholder:
   2,311,936

7. Amount of Consideration Paid or Received by the Material Shareholder / Unitholder (excluding brokerage and stamp fees):

1. None

2. Circumstances that justify the interest or the change in interest rates:

Takeover of:

Securities via market transaction

Securities via over-the-counter transactions (e.g. marriage offers) Securities through the physical settlement of derivatives or other securities according to the rights issue

Securities through a placement

Securities after conversion / exercise of rights, options, warrants or other convertible bonds

Disposal of:

Securities via market transaction

Securities via over-the-counter transactions (e.g. marriage offers)

Other circumstances:

Acceptance of the takeover offer for the listed issuer

Corporate action of the listed issuer in which a major shareholder / shareholder did not participate (please specify):

Other (please specify):

The change in interest rates (cessation of major shareholders) results from a decrease of 2,311,936 shares (0.06%) in the shares pledged as collateral. In addition, there was a separate increase of 41,191 units for the pledged units as collateral.

FORM 3 /[ Version 2.0 ]/ Validity date [ 21 March 2014 ]

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Ascendas Real Estate Investment Trust published this content on December 15, 2021 and is solely responsible for the information contained therein. Distributed by public, unedited and unchanged, on December 15, 2021 09:58:08 UTC.

Publicnow 2021

All the news about the ASCENDAS REAL ESTATE INVESTMENT TRUST

Sale 2021 1 198 M. 876 million 876 million Annual net income 2021 614 M. 449 million 449 million Net debt 2021 5 727 M. 4 186 M. 4 186 M. KGV 2021 18.7x Income 2021 5.34%

capitalization 12 333 M. 9 005 M. 9 015 M. EV / sale 2021 15.1x EV / sale 2022 14.3x Number of employees 67 Free float 99.9%

Chart ASCENDAS REAL ESTATE INVESTMENT TRUST

Duration: Auto. 2 months3 months6 months9 months1 year2 years5 years10 yearsMax. Period: DayWeek

Technical Analysis Trends ASCENDAS REAL ESTATE INVESTMENT TRUST

	In the short term	Halftime	Long term
Trends	Bearish	Bearish	Neutral

Development of the income statement

To sell Obtain
Medium consensus	TO BUY
Number of analysts	19th
Last closing price	2.94 SGD
Average target price	SGD 3.50
Spread / Average Target	19.0%