Link: https://links.sgx.com/1.0.0/corporate-announcements/7T2TLYZRPXRROZTA/2bf2d47affa3947b6f0a3dd26593234c152b2f9737d4cb01552a9046bfc92e75

Summary:

• Acquisition of the business space property at 5 Science Park Drive has been completed.

• S$137.1 million from the recent S$500.0 million private placement was used to partially fund this acquisition.

• Proceeds have also been allocated: S$275.5 million to finance the acquisition of 9 Tai Seng Drive, S$81.6 million for debt repayment, and S$5.0 million for related fees and expenses.

• S$276.3 million of the private placement funds remain unutilised as of announcement date.

• Further updates on the use of remaining proceeds will be announced when funds are materially disbursed.

• The acquisition is managed by CapitaLand Ascendas REIT Management Limited and has no immediate offer of new securities to the general public.