This printed article is located at https://investor.capitalandascotttrust.com/news.html
| Announcement Title | Placements |
| Announcement Subtitle | Launch Of Placement To Raise Gross Proceeds Of No Less Than S$100 Million |
| Securities | ASCOTT RESIDENCE TRUST (ART) |
| Date & Time of Broadcast | Mar 15, 2016 7:18 |
| Submitted By | Kang Siew Fong / Regina Tan Joint Company Secretaries, Ascott Residence Trust Management Limited |
| Description | Close of private placement of 94,787,000 new units in Ascott Residence Trust to institutional and other investors at an issue price of S$1.055 per new unit to raise gross proceeds of approximately S$100.0 million. Please refer to the attached announcement for further details. |
| Capital Amount - Old | SGD 1,754,115,230.00 |
| Capital Amount - New | SGD 1,854,115,230.00 |
| Number of Existing Outstanding Shares | 1,552,314,363 |
| New Shares Issued | 94,787,000 |
| Offer Price | SGD 1.055 |
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