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Ascott International Management Dubai PTE LTD (Dubai Branch) Park Place Tower, Level 7, Sheikh Zayed Road, PO Box 333497, Dubai, United Arab Emirates t (971-4) 326 6643 f (971-4) 386 4418 www.the-ascott.com

NEWS RELEASE

THE ASCOTT LIMITED WINS HAT TRICK AT WORLD TRAVEL AWARDS 2018

Dubai, UAE, April 2018: CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), has been awarded three of the top accolades at the annual World Travel Awards 2018.

In a hat trick of honours presented at the World Travel Awards Middle East Gala Ceremony, The Ascott Limited clinched the coveted Middle East’s Leading Serviced Residence Apartment Brand for the third consecutive year, as well as Saudi Arabia’s Leading Serviced Apartment Brand. In addition, Ascott Park Place Dubai received recognition as Dubai’s Leading Serviced Apartments 2018.

Vincent Miccolis, Ascott’s Regional GM for the Middle East, Africa and Turkey, commented on the wins: “This is the second year in a row that we have won three of the top titles at the World Travel Awards, and we are extremely honoured to be seen and voted as the best of the best. We know the stiff competition we were up against this year, and remain committed to maintaining our high level of service and positive presence within the region.”

Described as the ‘Oscars’ of the travel and tourism industry by The Wall Street Journal, the World Travel Awards are recognised globally by the travel, tourism and hospitality industry as the foremost acknowledgement of excellence in product and service. Winners are voted by travellers and travel professionals worldwide.

The Ascott Limited is one of the largest serviced-residence owner-operators in the region, with a current presence in 22 properties across 11 cities in MEA & Turkey, totaling more than 3,500 units both in operation and pipeline. The group has also planned a number of expansion deals in the region for 2018, to assist in reaching its global target of 80,000 units by the end of the year.

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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 43,000 operating serviced residence units in key cities of the Americas, Asia Pacific, Europe, the Middle East and Africa, as well as over 28,000 units which are under development, making a total of more than 70,000 units in over 500 properties. The company’s brands include Ascott, Citadines, Somerset, Quest, The Crest Collection, and lyf. Ascott’s portfolio spans more than 120 cities across over 30

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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. 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 World Travel Awards 2017 for ‘Leading Serviced Apartment Brand’ in Asia, Europe and the Middle East; DestinAsian Readers’ Choice Awards 2017 for ‘Best Serviced Residence Brand’; TTG China Travel Awards 2017 for ‘Best Serviced Residence Operator in China’; Business Traveller Asia-Pacific Awards 2017 for ‘Best Serviced Residence Brand’; Business Traveller UK Awards 2017 for ‘Best Serviced Apartment Company’; and Business Traveller China Awards 2017 for ‘Best Serviced Residence Brand’. 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 S$85 billion as at 30 September 2017, comprising integrated developments, shopping malls, serviced residences, offices, homes, real estate investment trusts (REITs) and funds. Present across more than 150 cities in over 30 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.

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Jon Ivan-Duke Mobile: +971 55 631 0027 Email: [email protected]

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