provided that:
(1)
the aggregate number of Units to be issued pursuant to this Resolution (including Units to be issued pursuant to Instruments
made or granted under this Resolution) shall not exceed fifty per cent (50%) of the total number of issued Units (excluding
treasury Units, if any) calculated in accordance with subparagraph (2) below, of which the aggregate number of Units to be
issued other than on a pro rata basis to Unitholders (including Units to be issued pursuant to Instruments made or granted
under this Resolution), shall not exceed twenty per cent (20%) of the total number of issued Units (excluding treasury Units,
if any) calculated in accordance with subparagraph (2) below;
(2)
subject to such manner of calculation as may be prescribed by the SGX-ST for the purpose of determining the aggregate
number of Units that may be issued under sub-paragraph (1) above, the percentage of issued Units shall be calculated based
on the total number of issued Units (excluding treasury Units) at the time this Resolution is passed, after adjusting for:
(a)
any new Units arising from the conversion or exercise of any Instruments which are outstanding or subsisting at the
time this Resolution is passed; and
(b)
any subsequent bonus issue, consolidation or subdivision of Units;
(3)
in exercising the authority conferred by this Resolution, the Trustee-Manager shall comply with the provisions of the Listing
Manual of the SGX-ST for the time being in force (unless such compliance has been waived by the SGX-ST), the Trust Deed
and the BTA;
(4)
unless revoked or varied by the Unitholders in a general meeting, the authority conferred by this Resolution shall continue
in force until (i) the conclusion of the next AGM of a-iTrust or (ii) the date by which the next AGM of a-iTrust is required by
applicable regulations to be held, whichever is earlier;
(5)
where the terms of the issue of the Instruments provide for adjustment to the number of Instruments or Units into which
the Instruments may be converted in the event of rights or any other events, the Trustee-Manager is authorised to issue
additional Instruments or Units notwithstanding that the authority conferred by this Resolution may have ceased to be in
force at the time the Instruments or Units are issued; and
(6)
the Trustee-Manager and any of its Directors be and is hereby authorised to complete and do all such acts and things
(including executing all such documents as may be required) as the Trustee-Manager or, as the case may be, the Director
may consider expedient or necessary or in the interests of a-iTrust to give effect to the authority conferred by this Resolution.
(Please see Explanatory Note)
By order of the Board
Ascendas Property Fund Trustee Pte. Ltd.
as Trustee-Manager of Ascendas India Trust
Mary Judith de Souza
Company Secretary
Singapore
6 June 2016
.245
ASCENDAS india trust ANNUAL REPORT
2015/2016
