CapitaLand India Trust : Results of EGM

CAPITALAND INDIA TRUST

(Registration Number: 2007004)

(a business trust registered under the Business Trusts Act 2004)

ANNOUNCEMENT

RESULTS OF THE EXTRAORDINARY GENERAL MEETING

HELD ON 17 APRIL 2023

Capitalised terms used herein, unless otherwise defined, shall have the meaning ascribed to them in the circular of CapitaLand India Trust (formerly known as Ascendas India Trust) ("CLINT") dated 24 March 2023 (the "Circular").

CapitaLand India Trust Management Pte. Ltd. (formerly known as Ascendas Property Fund Trustee Pte. Ltd.), as the trustee-manager of CLINT ("CLINTMPL" or the "Trustee-Manager"), wishes to announce that at the Extraordinary General Meeting ("EGM") of the holders of units in CLINT ("Units", and the holders of Units, the "Unitholders") held on 17 April 2023, all resolutions set out in the Notice of EGM dated 24 March 2023 (the "Notice of EGM"), and put to vote by poll at the EGM, were duly passed.

The information as required under Rule 704(16) of the Listing Manual of Singapore Exchange Securities Trading Limited (the "SGX-ST") is set out below:

(a) Breakdown of all valid votes cast at the EGM

FOR

AGAINST

Total number

As a

As a

percentage

percentage

of Units

of total

of total

Resolution

represented

number of

number of

number and

by votes for

Number of

Number of

votes for

votes for

details

and against

Units

Units

and

and

the relevant

against the

against the

resolution

resolution

resolution

(%)

(%)

Ordinary

Resolution 1

To Approve

the

445,871,348

444,980,048

99.80%

891,300

0.20%

Proposed

Acquisition

of

78.53% Interest in

Ascendas

IT Park

(Pune)

Private

Limited

as

an

1

FOR

AGAINST

Total number

As a

As a

percentage

percentage

of Units

of total

of total

Resolution

represented

number of

number of

number and

by votes for

Number of

Number of

votes for

votes for

details

and against

Units

Units

and

and

the relevant

against the

against the

resolution

resolution

resolution

(%)

(%)

Interested

Person

Transaction

Ordinary

Resolution 2

To Approve

the

445,846,948

444,959,948

99.80%

887,000

0.20%

Proposed Sponsor

Subscription

(conditional

upon

Resolution 1 being

passed)

Please refer to the Notice of EGM for the full version of the resolutions. As more than 50% of votes were cast in favour of resolution nos. 1 and 2, all the above resolutions were duly passed at the EGM.

1. Details of parties who are required to abstain from voting on any resolution(s), including the number of Units held and the individual resolution(s) on which they are required to abstain from voting
   As set out in paragraph 11 of the Letter to Unitholders of the Circular:
2. 1. CLI India Pte. Ltd. ("CLIIPL") will abstain, and will procure that each of its associates (as defined in the Listing Manual), including the Trustee-Manager, abstain from voting on Resolution 1 and Resolution 2; and
   2. each of CLIIPL, the Trustee-Manager and their associates will abstain from voting on Resolution 2.

Based on the information available to the Manager as at the date of EGM on 17 April 2023, the following parties were required to abstain from voting and did in fact abstain from voting on the Resolutions are as follows:

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		As a percentage of
Unitholder	Number of Units Held	the total Units in
		issue (%)(1)
CLIIPL	183,279,388	15.72
CLINTMPL	76,743,696	6.58

Note:

1. The percentage is based on 1,165,191,357 Units in issue as at 17 April 2023. The figures are rounded down to the nearest 0.01%.

In the interest of good corporate governance, Mr Sanjeev Dasgupta, the Chief Executive Officer and an Executive Non-Independent Director of the Trustee-Manager, and Mr Jonathan Yap Neng Tong, the Non-ExecutiveNon-Independent Director of the Trustee-Manager, have also abstained from voting on the Resolutions in respect of Units held by them.

1. Name of firm and/or person appointed as scrutineer

DrewCorp Services Pte Ltd was appointed as scrutineer at the EGM.

BY ORDER OF THE BOARD

CAPITALAND INDIA TRUST MANAGEMENT PTE. LTD. (Company Registration No. 200412730D)

(as Trustee-Manager of CapitaLand India Trust)

Hon Wei Seng

Company Secretary

17 April 2023

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Important Notice

This release may contain forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other developments or companies, shifts in customer demands, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training, property operating expenses), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business.

You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management regarding future events. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this release. Neither CapitaLand India Trust Management Pte. Ltd. ("Trustee-Manager") nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use of, reliance on or distribution of this release or its contents or otherwise arising in connection with this release.

The past performance of CapitaLand India Trust ("CLINT") is not indicative of future performance. The listing of the units in CLINT ("Units") on the Singapore Exchange Securities Trading Limited ("SGX-ST") does not guarantee a liquid market for the Units. The value of the Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Trustee-Manager. An investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the Trustee- Manager redeem or purchase their Units while the Units are listed on the SGX-ST. It is intended that holders of Units may only deal in their Units through trading on the SGX-ST.

This release is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units.

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