ASCOTT THAILAND RUNS A SONGKRAN CHARITY FUNDRAISING CAMPAIGN TO SUPPORT UNDERPRIVILEGED CHILDREN

Thailand, 10th April 2017 – CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott) continue its Songkran charity fundraising campaign for the second year. This campaign is one of the organisation’s CSR initiatives to work the upliftment of students at Doi Wiangpha Pittaya School, a remote hill-tribe school located within the Golden Triangle in Chiang Rai province.

This coming water-play-fun Songkran Festival, a thousand of Ascott’s limited edition reusable waterproof bags will be sold across its properties in Thailand. The donation from this campaign, together with other fundraising campaigns during the year will go towards helping more than 500 underprivileged students from kindergarten up to 9th grade.

Ascott International Management (Thailand) Limited in partnership with iCare Thailand Foundation (iCare) have been supporting Doi Wiangpha Pittaya School since 2014 in order to create a sustainable development at the school of at least 5 consecutive years.

Currently Ascott is the largest international serviced residence owner-operator in Thailand, with 18 properties and more than 3,000 units across Bangkok, Pattaya and Sri Racha (including under development projects). All well-appointed properties are nestled in prime business and entertainment districts, designed for discerning expatriates and travellers on business or leisure.

For more information on Ascott’s properties, please visit www.the-ascott.com

About The Ascott Limited

The Ascott Limited is a Singapore company that has grown to be one of the leading international serviced residence owner-operators. It has over 30,000 operating serviced residence units in key cities of the Americas, Asia Pacific, Europe and the Middle East, as well as over 22,000 units which are under development, making a total of more than 52,000 units in over 300 properties. The company operates three award-winning brands – Ascott, Citadines and Somerset. It has also launched lyf, a brand designed for and managed by millennials. Ascott’s portfolio spans more than 100 cities across 28 countries.

Ascott, a wholly owned subsidiary of CapitaLand Limited, pioneered Asia Pacific's first international-class serviced residence with the opening of The Ascott Singapore in 1984. In 2006, it established the world's first Pan-Asian serviced residence real estate investment trust, Ascott Residence Trust. Today, the company boasts over 30 years of industry track record and award-winning serviced residence brands that enjoy recognition worldwide.

Ascott’s achievements have been recognised internationally. Recent awards include DestinAsian Readers’ Choice Awards 2017 for ‘Best Serviced Residence Brand; World Travel Awards 2016 for ‘Leading Serviced Apartment Brand’ in Asia, Europe and the Middle East; Business Traveller Asia-Pacific Awards 2016 for ‘Best Serviced Residence Brand’; Business Traveller Middle East Awards 2016 for ‘Best Serviced Apartment Company’; Business Traveller UK Awards 2016 for ‘Best Serviced Apartment Company’; Business Traveller China

Awards 2016 for ‘Best Serviced Residence Brand’ and TTG China Travel Awards 2016 for ‘Best Serviced Residence Operator in China’. For a full list of awards, please visit www.the-ascott.com/ascottlimited/awards.html.

About CapitaLand Limited

CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, it is an owner and manager of a global portfolio worth more than S$78 billion as at 31 December 2016, comprising integrated developments, shopping malls, serviced residences, offices, homes, real estate investment trusts (REITs) and funds. Present across more than 130 cities in over 20 countries, the Group focuses on Singapore and China as core markets, while it continues to expand in markets such as Vietnam and Indonesia.

CapitaLand’s competitive advantage is its significant asset base and extensive market network. Coupled with extensive design, development and operational capabilities, the Group develops and manages high-quality real estate products and services. It also has one of the largest investment management businesses in Asia and a stable of five REITs listed in Singapore and Malaysia – CapitaLand Mall Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust and CapitaLand Malaysia Mall Trust.

Visit www.capitaland.com for more information.

Issued by: Ascott International Management (Thailand) Limited

Website: www.the-ascott.com

41 Sukhumvit 16, Sukhumvit Road, Klongtoey, Klongtoey, Bangkok 10110 Thailand

For more information, please contact:

Myla Caceres, Director of Sales & Marketing

Tel: (66-2) 204 4341 Email: myla.caceres@the-ascott.com

Juree Umrarong, Director of Sales

Tel: (66-2) 204 4381 Email: juree.u@the-ascott.com

Yada Anukoonpittaya, Marketing Manager

Tel: (66-2) 204 4382 Email: yada.a@the-ascott.com