20 Nov

Ascott And CapitaLand Hope Foundation Donate S$120,000 & Other Relief Aid To Victims Of Sumatra Earthquake And Typhoon Ketsana

Singapore, 19 November 2009 – CapitaLand’s wholly-owned business unit, The Ascott Group Limited (Ascott), and CapitaLand’s philanthropic arm, CapitaLand Hope Foundation, have donated a total of S$120,000 and other relief aid to victims of the Sumatra earthquake that hit Padang, Indonesia and those affected by Typhoon Ketsana in the Philippines and Vietnam in September.

The funds are donated equally to Gawad Kalinga in the Philippines and Dompet Dhuafa Foundation in Indonesia to help children who were affected by Typhoon Ketsana and the Padang earthquake respectively. The contribution to Gawad Kalinga will be used to provide children with meals, medicine, vaccination, clothing, school books and other essential items. Dompet Dhuafa Foundation will use the funds to construct emergency schools in Padang for children affected by the earthquake. Each of these temporary schools can accommodate up to 240 children. These temporary schools will help to minimise the disruptive impact on the school curriculum arising from the earthquake, by enabling the children to continue with their studies for up to a year until a new permanent school is built.

The total contribution includes the funds raised by Ascott from its residents and employees in Indonesia, the Philippines and around the world. CapitaLand Hope Foundation, which focuses on supporting the education, healthcare and shelter needs of underprivileged children, contributed S$60,000 and also matched the donations from Ascott dollar-for-dollar to contribute a total of S$90,000.

Mr Tony Soh, Ascott’s Chief Corporate Officer said: “Our heartfelt sympathies and condolences go out to those who have lost their family members and homes in the tragedies. We are indeed touched to see Ascott’s employees and residents respond so enthusiastically to the call to help those whose lives have been severely affected by the Padang earthquake and Typhoon Ketsana. Supporting disaster relief efforts is one of the ways Ascott aims to do our part for the communities we operate in. Together with the strong support from CapitaLand Hope Foundation, we hope that our contribution will provide some comfort to the victims during this very difficult period and help them rebuild their lives as quickly as possible.”

Besides the Philippines and Indonesia, Ascott also extended emergency relief to Vietnam where it donated 500 cases of purified water through the Red Cross to people affected by Typhoon Ketsana.

Through the years, Ascott has embarked on several community initiatives including disaster relief efforts to assist the victims of various natural calamities in the many countries in which it operates. In February this year, Ascott raised funds to help the survivors of one of Australia’s worst bushfires which hit the state of Victoria. Ascott also contributed funds and necessities in aid of those affected by the earthquake in Sichuan, China, and Cyclone Nargis which struck Myanmar in May last year.

This year, Ascott marked its 25th Anniversary with over 25 community initiatives worldwide. These activities range from supporting the educational needs of underprivileged children to funding their medical treatment.

About The Ascott Group Limited

Ascott is the world's largest international serviced residence owner-operator with around 19,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as about 6,000 units which are under development, making a total of 25,000.

The company operates three brands – Ascott, Somerset and Citadines. Its portfolio spans 67 cities in 22 countries, 12 of which are new cities in Ascott's portfolio where its serviced residences are being developed.

Ascott, a wholly-owned subsidiary of CapitaLand Limited, is headquartered in Singapore. It pioneered Asia Pacific's first international-class serviced residence in 1984. It also established the world’s first pan-Asian serviced residence real estate investment trust, Ascott Residence Trust, in 2006. Today, the company boasts a 25-year industry track record and serviced residence brands that enjoy recognition worldwide.

Recent awards include TTG Travel Awards 2009 ‘Best Serviced Residence Operator’, Business Traveller UK Awards 2009 ‘Best Serviced Apartment Company’, Business Traveller Asia Pacific Awards 2009 ‘Best Serviced Residence Brand’ and ‘Best Serviced Residence in Asia Pacific’, TTG China Travel Awards 2009 ‘Best Serviced Residence Operator in China’, and DestinAsian Readers' Choice Awards 2009 ‘Best Serviced Residence in Asia-Pacific’.

About Ascott’s 25th Anniversary

2009 marks Ascott’s 25th Anniversary. To celebrate 25 successful years as the top international serviced residence owner-operator, Ascott has introduced a series of promotions and rewards to thank customers for their support. Customers can look forward to an unprecedented grand prize of free stays for the next 25 years. Customers may also enjoy monthly rewards of free stays, special rates at participating properties and exclusive winter offers. For details on the promotions, terms and conditions, and reservations, visit www.the-ascott.com/25anniversary or call Global Reservations at (65) 6272 7272.

About CapitaLand Group

CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, the multi-local company's core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific, Europe and the Gulf Cooperation Council (GCC) countries.

The company's real estate and hospitality portfolio spans more than 110 cities in over 20 countries. CapitaLand also leverages on its significant asset base, real estate domain knowledge, financial skills and extensive market network to develop real estate financial products and services in Singapore and the region.

The listed subsidiaries and associates of CapitaLand include Australand, CapitaMall Trust, CapitaCommercial Trust, Ascott Residence Trust and CapitaRetail China Trust.

About CapitaLand Hope Foundation

CapitaLand Hope Foundation, CapitaLand’s philanthropic arm, was established in 2005 to further CapitaLand’s corporate social responsibility commitment to build a better future for underprivileged children. Its focus is to support programmes for the education, healthcare and shelter needs of underprivileged children in Singapore and overseas. Every year, CapitaLand allocates up to 0.5% of its net profit to the Foundation.

Joan Tan, Assistant Vice President, Corporate Communications

Tel: (65) 6500 3401

HP: (65) 9743 9503

Email: joan.tan@the-ascott.com

Tan Hock Lee, Assistant Manager, Corporate Communications

Tel: (65) 6500 3402

HP: (65) 9108 7017

Email: tan.hocklee@the-ascott.com