24 Investment Property Portfolio WOODLANDS 57 CAUSEWAY 56 53 46 54 55 31

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Business & Science Parks Hi-Tech Industrial Properties Light Industrial Properties / Flatted Factories 29% share of Business & Science 38% share of Hi-Tech Industrial space 2.1% share of Light Industrial & Flatted Factory Park space in in Singapore space in Singapore 1. The Alpha 13. Techlink 27. Techplace I 44. 84 Genting Lane 2. The Aries 14. Centre 28. Techplace II 45. Hoya Building 3. The Capricorn 15. Infineon Building 29. OSIM HQ Building 46. NNB Industrial Building 4. The Gemini 16. Techpoint 30. Ghim Li Building 47. 37A St 92 5. Honeywell Building 17. Wisma Gulab 31. Progen Building 48. Hamilton Sundstrand 6. Ultro Building 18. KA Centre 32. SB Building Building 7. Telepark 19. KA Place 33. 247 Alexandra Road 49. Thales Building 8. Techquest 20. Kim Chuan 34. Steel Industries Building 50. Aztech Building 9. 30 Tampines Industrial Ave 3 Telecommunications Complex 35. Volex Building 51. Ubi Biz-Hub 10. PSB Building 21. Pacific Tech Centre 36. 53 North Ave 4 52. 1 Place 11. LabOne Building 22. Techview 37. Da Vinci Building 53. 11 Woodlands Terrace 12. iQuest @ IBP 23. 1 Jalan Kilang 38. 27 Ubi Road 4 54. 18 Woodlands Loop 24. 50 Kallang Avenue 39. 52 Serangoon North Ave 4 55. 9 Woodlands Terrace 25. 138 Depot Road 40. Hyflux Building 56. Super Industrial 26. 2 Changi South Lane 41. Weltech Building Building 42. BBR Building 57. 26 Senoko Way 43. Tampines Biz-Hub Ascendas real estate investment trust annual report FY2006/2007 25

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Logistics & Distribution Centres 11% share of Logistics & Distribution space in Singapore Warehouse Retail Facilities 58. LogisTech 68. Xilin Districentre 76. Courts Megastore 59. IDS Logistics Corporate HQ Building C 77. Giant Hypermart North South MRT Line 60. TT International Tradepark 69. Xilin Districentre 61. Changi Logistics Centre Building D 62. Nan Wah Building 70. SEN KEE Logistics Centre East West MRT Line 63. C & P Logistics Hub 71. LogisHub@Clementi 64. Xilin Districentre Buildings A & B 72. 1 Changi South Lane 73. JEL Centre 65. MacDermid Building North East MRT Line 66. Freight Links 74. Logistics 21 (Changi) Building 75. Kimtrans 67. Freight Links Logistics Centre (Toh Guan) Building Proposed Circle MRT Line