ASCENDAS REAL ESTATE INV TRUST: NOTICE OF CESSATION OF SUBSTANTIAL SHAREHOLDING

Notice of Interest/Change in Interest
* Asterisks denote mandatory information
Name of Announcer *	ASCENDAS REAL ESTATE INV TRUST
Company Registration No.	N.A.
Announcement submitted on behalf of	ASCENDAS REAL ESTATE INV TRUST
Announcement is submitted with respect to *	ASCENDAS REAL ESTATE INV TRUST
Announcement is submitted by *	Mary J. de Souza
Designation *	Company Secretary
Date & Time of Broacast	05-Dec-2011 17:12:44
Announcement No.	00018
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	05/12/2011
2. Name of Substantial Shareholder *	CBRE Clarion Securities LLC
3. Please tick one or more appropriate box(es): *
- Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]

>> Part II
1. Date of change of [Select Option]
2. Name of Registered Holder
3. Circumstance(s) giving rise to the interest or change in interest
# Please specify details
4. Information relating to shares held in the name of the Registered Holder
No. of N.A. held before the change
As a percentage of issued share capital
No. of N.A. which are subject of this notice
As a percentage of issued share capital
Amount of consideration (excluding brokerage and stamp duties) per share paid or received
No. of N.A. held after the change
As a percentage of issued share capital

>> Part III
1. Date of change of Interest	01/12/2011
2. The change in the percentage level	From 5.018 % to 4.995 %
3. Circumstance(s) giving rise to the interest or change in interest	Sales in Open Market at Own Discretion
# Please specify details
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions	The change in the percentage level is the result of a series of transactions.

>> Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	104,557,542	0
As a percentage of issued share capital	5.018 %	0 %
No. of shares held after the change	104,067,542	0
As a percentage of issued share capital	4.995 %	0 %

Footnotes

I. Where reference is made to share, it refers to unit in Ascendas Real Estate Investment Trust. II. The above percentages were computed based on 2,083,621,914 units in issue as at 1 December 2011.