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In accordance with Rule 12(8) of the Business Trust Regulations 2005, the Board of Directors of Ascendas Property Fund Trustee
Pte. Ltd. as Trustee-Manager (the “Trustee-Manager”) of Ascendas India Trust (the “Trust”) has determined that the following
directors are independent from management and business relationships with the Trustee-Manager, and independent from every
substantial shareholder of the Trustee-Manager:
Mr Philip Yeo Liat Kok;
Mr David Lim Tik En;
Mr Michael Grenville Gray;
Mr Rakesh Kumar Aggarwal;
Mr T. V. Mohandas Pai;
Mr Girija Prasad Pande; and
Mr Ng Eng Leng.
Mr Khiatani Manohar Ramesh and Mr Sanjeev Durjhati Prasad Dasgupta are considered non-independent directors by the Board of
Directors of the Trustee-Manager. Mr Khiatani is a director on the Board of Ascendas Pte Ltd, a deemed controlling Unitholder of the
Trust and the ultimate holding company of the Trustee-Manager. Mr Dasgupta is the Chief Executive Officer of the Trustee-Manager.
Statement on Composition of the Board of Directors
