Ascott Residence Trust Issues 1,993,379 New Units As Partial Payment Of Management Fees

Ascott Residence Trust Management Limited (the “Company”), as manager of Ascott Residence Trust (“Ascott Reit”), wishes to announce that 1,993,379 units in Ascott Reit (“Units”) have been issued at an issue price of S$1.3095 per Unit to the Company as partial payment of the base component of the management fee (the “Base Fee”) for the period from 1 July 2019 to 30 September 2019 (both dates inclusive).

The balance of the Base Fee of S$1,001,861 (excluding applicable goods and services tax) was paid in cash. The Base Fee is computed in accordance with the provisions stipulated in the deed of trust dated 19 January 2006 (as amended).

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