Capitaland Mall Trust : Payment Of Base Component Of Management Fee By Way Of Issue Of Units In Capitaland Mall Trust

CAPITALAND MALL TRUST

(Constituted in the Republic of Singapore pursuant to a trust deed dated 29 October 2001 (as amended))

ANNOUNCEMENT

PAYMENT OF BASE COMPONENT OF MANAGEMENT FEE BY WAY OF ISSUE OF UNITS IN CAPITALAND MALL TRUST

CapitaLand Mall Trust Management Limited (the "Company"), as manager of CapitaLand Mall Trust ("CMT"), wishes to announce that 161,492 units in CMT ("Units") have been issued today at an issue price of S$2.5882 per Unit to Premier Healthcare Services International Pte Ltd ("Premier"), an entity nominated by the Company to receive the 161,492 Units in its place1.

The abovementioned Units have been issued as payment of the 50.0% base component of the management fee for the period from 1 April 2019 to 30 June 2019 (both dates inclusive), in relation to CMT's 40.0% interest in RCS Trust, which owns Raffles City Singapore. The remaining 50.0% of the base component of the management fee will be paid in the form of cash.

With the abovementioned issue of Units, the total number of Units in issue is 3,688,643,219. As the Units have been issued to Premier, the total number of Units held by the Company remains unchanged at 48,377,522 Units.

BY ORDER OF THE BOARD

CapitaLand Mall Trust Management Limited (Registration Number: 200106159R)

As manager of CapitaLand Mall Trust

Lee Ju Lin, Audrey

Company Secretary 5 August 2019

IMPORTANT NOTICE

The value of units in CapitaLand Mall 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 Mall Trust Management Limited (the "Manager"), as manager of CapitaLand Mall 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 Mall Trust is not necessarily indicative of the future performance of CapitaLand Mall Trust.

1

The Company has sold the 161,492 Units which it is entitled to receive, to Premier, a wholly owned subsidiary of CapitaLand Limited, and in connection with the sale, the Company has directed that such Units be issued directly to Premier instead of the Company.