On 3 July 2019, the board of directors of Ascott Residence Trust Management Limited, as manager of Ascott Residence Trust ("Ascott Reit"), announced the proposed combination of Ascott Reit and Ascendas Hospitality Trust ("A-HTRUST") to be effected through the acquisition by Ascott Reit of all the A-HTRUST Stapled Units for an aggregate consideration of SGD 1.0868 for each A-HTRUST Stapled Unit, comprising SGD 0.0543 in cash and 0.7942 Ascott Reit-BT Stapled Units ("Combination"). On 26 September 2019, the Composite Document with respect to the Combination was despatched by the Ascott Reit Manager to Ascott Reit Unitholders ("Composite Document"). Terms defined in the Composite Document have the same meanings when used in this Announcement. ASCOTT REIT PERMITTED DISTRIBUTIONS: On 10 December 2019, the Ascott Reit Manager announced the books closure date with respect to the Ascott Reit Permitted Distributions, which is: to be distributed to unitholders of Ascott Reit as at 5.00 p.m. on 30 December 2019 ("Ascott Reit Entitled Unitholders"); and for the period from 1 July 2019 up to (and including) the A-HTRUST Scheme Implementation Date of 31 December 2019. The Ascott Reit Manager announced the Ascott Reit Permitted Distribution of 4.180 Singapore cents for each Ascott Reit Unit, comprising: Taxable income component of 0.616 cents per Ascott Reit Unit; Tax-exempt income component of 2.935 cents per Ascott Reit Unit; Capital component of 0.400 cents per Ascott Reit Unit; and Other gains component of 0.229 cents per Ascott Reit Unit. The Ascott Reit Entitled Unitholders will be entitled to the Ascott Reit Permitted Distributions, which will be paid on 10 February 2020.