Mapletree North Asia Commercial Trust : Notice of Record Date and Distribution Payment Date

(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 14 February 2013 (as amended))

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ANNOUNCEMENT

NOTICE OF RECORD DATE AND DISTRIBUTION PAYMENT DATE

NOTICE IS HEREBY GIVEN that the Transfer Books and Register of unitholders of Mapletree North Asia Commercial Trust ("MNACT" and the unitholders of MNACT, "Unitholders") will be closed at 5.00pm on Wednesday, 27 April 2022 (the "Record Date") for the purpose of determining Unitholders' entitlement of MNACT's distribution. MNACT has announced distribution of 3.393 cents (SGD) per unit in MNACT for the period from 1 October 2021 to 31 March 2022 (the "2H FY21/22 Distribution").

Unitholders, whose securities accounts with The Central Depository (Pte) Limited are credited with units in MNACT ("Units") as at 5.00pm on 27 April 2022, will be entitled to the 2H FY21/22 Distribution that will be paid on Thursday, 19 May 2022.

The 2H FY21/22 Distribution will comprise two components:

• (a) distribution out of tax-exempt income (the "tax-exempt income component") of 1.583 cents (SGD); and

• (b) distribution out of capital (the "capital component") of 1.810 cents (SGD).

The tax-exempt income component of the 2H FY21/22 Distribution is exempt from tax in the hands of all Unitholders. No tax will be deducted at source from this component.

The capital component of the 2H FY21/22 Distribution represents a return of capital to Unitholders for Singapore income tax purposes and is therefore not subject to Singapore income tax. For Unitholders who hold the Units as trading assets, the amount of capital distribution will be applied to reduce the cost base of their Units for the purpose of calculating the amount of taxable trading gains arising from the disposal of the Units.

Suspension of Distribution Reinvestment Plan

The Distribution Reinvestment Plan ("DRP") will be suspended from and including the 2H FY21/22 Distribution onwards. Unitholders will receive their 2H FY21/22 Distribution in cash. Mapletree North Asia Commercial Trust Management Ltd., as manager (the "MNACT Manager") of MNACT, will notify Unitholders accordingly if and when the DRP is re-applied.

IMPORTANT DATES AND TIMES

Date / Deadline	Event
9.00am, Tuesday, 26 April 2022	Units will be traded ex-distribution
5.00pm, Wednesday, 27 April 2022	Closure of MNACT's Transfer Books and Register of Unitholders
Thursday, 19 May 2022	Payment of 2H FY21/22 Distribution in cash

Should Unitholders have any queries in relation to these procedures, please do not hesitate to contact Elizabeth Loo (Director, Investor Relations, the MNACT Manager) at [phone] or email her [e-mail], please visit MNACT's website:www.mapletreenorthasiacommercialtrust.com.

By Order of the Board

Wan Kwong Weng

Joint Company Secretary

Mapletree North Asia Commercial Trust Management Ltd. (Company Registration No. 201229323R)

As Manager of Mapletree North Asia Commercial Trust

19 April 2022

Responsibility Statement

The directors of the MNACT Manager (including those who may have delegated detailed supervision of this announcement) have taken all reasonable care to ensure that the facts stated and opinions expressed in this announcement which relate to MNACT and/or the MNACT Manager are fair and accurate and that there are no other material facts not contained in this announcement the omission of which would make any statement in this announcement misleading. The directors of the MNACT Manager jointly and severally accept responsibility accordingly.

Where any information has been extracted or reproduced from published or otherwise publicly available sources or obtained from a named source, the sole responsibility of the directors of the MNACT Manager has been to ensure through reasonable enquiries that such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this announcement.

Important Notice

This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. This announcement is not for release, publication or distribution, directly or indirectly, in or into the United States and should not be distributed, forwarded to or transmitted in or into any jurisdiction where to do so might constitute a violation of applicable securities laws or regulations.

The value of Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by the MNACT Manager, or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.

Investors have no right to request the MNACT Manager to redeem their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on the Singapore Exchange Securities Trading Limited (the "SGX-ST"). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

The past performance of MNACT and the MNACT Manager is not necessarily indicative of the future performance of MNACT and the MNACT Manager.

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