CapitaLand Ascendas REIT Management Limited, as the manager (the “Manager”) of CapitaLand Ascendas REIT (“CLAR”), is pleased to announce the proposed acquisitions (the “Proposed Acquisitions”) of two plots of freehold land in the East Midlands, a key logistics market in the United Kingdom (“UK”). A total of four new logistics properties will be developed (the “Proposed Developments”) on the land plots known as Manton Wood and Towcester (the “Properties”). With one and three logistics properties to be developed at Manton Wood and Towcester respectively, the estimated total investment cost is approximately S$350.1 million1 (£203.5 million)