|Announcement Title||General Announcement|
|Date & Time of Broadcast||Sep 26, 2017 17:34|
|Announcement Sub Title||Fitch Assigns First-Time 'BBB' to Ascott Residence Trust; Outlook Stable|
|Submitted By (Co./ Ind. Name)||Karen Chan|
|Designation||Company Secretary, Ascott Residence Trust Management Limited|
|Description (Please provide a detailed description of the event in the box below)||Fitch Ratings has assigned a "BBB" Long-Term Issuer Default Rating with Stable Outlook to Ascott Residence Trust ("Ascott REIT"). The agency has also assigned a "BBB" senior unsecured rating to Ascott REIT, and to its SGD 1 billion multicurrency outstanding medium term notes programme.
Please see attached press release by Fitch Ratings for information.