Ascott Residence Trust Management merges units

Eurimeg's assets/liabilities are transferred to Oriville.

According to an SGX announcement, Ascott Residence Trust Management Limited, as manager of Ascott Residence Trust, announced that, pursuant to articles L236-1 and R236-1 of the French Commercial Code, the Registrar of Companies in Nanterre, France, had given its approval for Eurimeg SA (“Eurimeg”), a wholly-owned subsidiary of Ascott REIT, to transfer its entire assets and liabilities to Oriville SAS (“Oriville”), another wholly-owned subsidiary of Ascott REIT, and merged into Oriville (the “Merger”).

Accordingly, Eurimeg be dissolved and removed from the Register of Companies in Nanterre, France (the “Register”). The Merger is to streamline Ascott REIT’s group holding structure in Europe and to improve operational efficiency.

The Merger is not expected to have any material impact on the net tangible assets or earnings per unit of Ascott REIT for the financial year ending 31 December 2012.