CapitaLand Commercial Trust : Payment Of Management Fee By Way Of Issue Of Units In CapitaLand Commercial Trust

CAPITALAND COMMERCIAL TRUST

(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 6 February 2004 (as amended))

ANNOUNCEMENT

____________________________________________________________________________________

PAYMENT OF MANAGEMENT FEE BY WAY OF ISSUE OF UNITS IN

CAPITALAND COMMERCIAL TRUST ____________________________________________________________________________________

CapitaLand Commercial Trust Management Limited (the "Company"), as manager of CapitaLand Commercial Trust ("CCT"), wishes to announce that it has today received a total of 667,205 units in CCT ("Units") at an issue price of S$1.7592 per Unit. The issue price is based on the 10-business day volume weighted average price of Units traded from 17 September 2018 to 28 September 2018 (both dates inclusive).

The Company received the abovementioned Units as payment of the base component of the asset management fees for the period from 1 July 2018 to 30 September 2018 (both dates inclusive) for the following properties of CCT, the details of which are set out below:

PROPERTY		UNITS ISSUED
CCT's 60% interest in RCS Trust which owns Raffles City Singapore(1)	357,036
Asia Square Tower 2	310,169
Total		667,205

Note:

(1) The Company elected to receive 50.0% of the base component of the asset management fees for CCT's 60% interest in RCS Trust which owns Raffles City Singapore ("RCS Fees") in the form of Units. The remaining 50.0% of the RCS Fees shall be paid in the form of cash.

With the issue of the Units, the Company holds an aggregate of 163,074,719 Units.

The total number of Units in issue is increased by 0.02% to 3,744,429,288.

BY ORDER OF THE BOARD

CapitaLand Commercial Trust Management Limited (Registration Number: 200309059W)

As manager of CapitaLand Commercial Trust

Lee Ju Lin, Audrey

Company Secretary 9 November 2018

Important Notice

The value of units in CapitaLand Commercial Trust ("Units") and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by CapitaLand Commercial Trust Management Limited, (the "Manager") as manager of CapitaLand Commercial Trust, 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 Manager to redeem their Units while the Units are listed. It is intended that unitholders may only deal in their Units through trading on 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 CapitaLand Commercial Trust is not necessarily indicative of the future performance of CapitaLand Commercial Trust.