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Notice of Annual General Meeting
PwC, the retiring auditors, have served as the external auditors of a-iTrust for 7 years since 2006. The Directors call for proposals
every year from reputable and experienced audit frms and EY had submitted the most competitive proposal for the coming
fnancial year. PwC, the retiring auditors, will accordingly not be seeking re-appointment at the forthcoming AGM of a-iTrust.
In accordance with the requirements of Rule 1203(5) of the Listing Manual of the SGX-ST:
(i) the outgoing auditors, PwC, have confrmed that they are not aware of any professional reasons why the new auditors,
EY, should not accept appointment as auditors of a-iTrust;
(ii) the Trustee-Manager confrms that there were no disagreements with the outgoing auditors, PwC, on accounting
treatments within the last 12 months;
(iii) the Trustee-Manager confrms that, other than as set out herein, it is not aware of any circumstances connected with the
proposed change of auditors that should be brought to the attention of Unitholders; and
(iv) the Trustee-Manager confrms that it complies with Rules 712(1) and 715 of the Listing Manual of the SGX-ST as EY is
registered with the Accounting and Corporate Regulatory Authority and if the approval of the appointment of EY as the
auditors of a-iTrust is obtained, EY will also be appointed as the auditors of a-iTrust’s Singapore-incorporated subsidiaries
and signifcant associated companies.
EY is a highly respected international frm and has audit practices in both Singapore and India. The Audit Committee has
reviewed and deliberated on the proposed change of auditors and has recommended to the Board that EY be appointed in place
of the retiring auditors.
The Directors have taken into account the Audit Committee’s recommendation, and considered factors such as the adequacy
of the resources and experience of EY and the persons to be assigned to the audit, EY’s audit engagements, the size and
complexity of a-iTrust and its subsidiaries, and the number and experience of EY’s supervisory and professional staff to be
assigned to the audit, and is satisfed that EY will be able to meet the audit requirements of a-iTrust. Accordingly, the Directors
recommend the appointment of EY as the external auditors of a-iTrust in place of the retiring auditors, PwC.
Pursuant to Section 82(11) of the BTA, a copy of the notice of nomination of the proposed new auditors made by the Audit
Committee dated 27 April 2012 is enclosed together with this notice. PwC, the retiring auditors, will accordingly not be seeking
re-election at the forthcoming AGM. EY has expressed their willingness to accept the appointment.
The Directors of a-iTrust collectively and individually accept full responsibility for the accuracy of the information given in this
Explanatory Note (in relation to Ordinary Resolution 2) and confrm after making all reasonable enquiries that, to the best of
their knowledge and belief, this Explanatory Note (in relation to Ordinary Resolution 2) constitutes full and true disclosure of all
material facts about the proposed change of auditors, a-iTrust and its subsidiaries, and the Directors of a-iTrust are not aware
of any facts the omission of which would make any statement in this Explanatory Note (in relation to Ordinary Resolution 2)
misleading. Where information in this Explanatory Note (in relation to Ordinary Resolution 2) has been extracted from published
or otherwise publicly available sources or obtained from a named source, the sole responsibility of the Directors of a-iTrust has
been to ensure that such information has been accurately and correctly extracted from those sources and/or reproduced in this
Explanatory Note (in relation to Ordinary Resolution 2) in its proper form and context.
The SGX-ST assumes no responsibility for the correctness of any of the statements made or opinions expressed in this
Explanatory Note (in relation to Ordinary Resolution 2).
A-ITRUST ANNUAL REPORT 2011/2012 237