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

CAPITALAND INTEGRATED COMMERCIAL TRUST

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

ANNOUNCEMENT

PAYMENT OF MANAGEMENT FEE

BY WAY OF ISSUE OF UNITS IN CAPITALAND INTEGRATED COMMERCIAL TRUST

CapitaLand Integrated Commercial Trust Management Limited (the "Company"), as manager of CapitaLand Integrated Commercial Trust ("CICT"), wishes to announce that 12,718,077 units in CICT ("Units") have been issued today at an issue price of S$1.9945 per Unit to Premier Healthcare Services International Pte Ltd ("Premier"), an entity nominated by the Company to receive the 12,718,077 Units in its place1. The issue price per Unit is based on the 10-business day volume weighted average price per Unit for all trades done on Singapore Exchange Securities Trading Limited in the ordinary course of trading for the period from 20 December 2021 to 31 December 2021 (both dates inclusive), in accordance with the trust deed dated 29 October 2001 constituting CICT (as amended from time to time).

The abovementioned Units have been issued as payment of (a) 50.0% of the base component, and (b) 50.0% of the performance component, of the management fee for the period from 1 October 2021 to 31 December 2021 (both dates inclusive) and for the period from 1 January 2021 to 31 December 2021 (both dates inclusive) respectively, in relation to the management of investments (including properties) that are held by CICT and/or its subsidiaries 2 . The remaining 50.0% of the base component, and 50.0% of the performance component, of the management fee will be paid in the form of cash.

With the abovementioned issue of Units, the Company holds an aggregate of 53,615,968 Units3 and the total number of Units in issue is 6,621,336,417.

BY ORDER OF THE BOARD

CapitaLand Integrated Commercial Trust Management Limited (Registration Number: 200106159R)

As manager of CapitaLand Integrated Commercial Trust

Lee Ju Lin, Audrey

Company Secretary

3 March 2022

• The Company has sold the 12,718,077 Units which it is entitled to receive, to Premier, a related corporation of the Company, and in connection with the sale, the Company has directed that such Units be issued directly to Premier instead of the Company.
  2 This excludes (a) CICT's 45.0% indirect interest in each of Glory Office Trust and Glory SR Trust, which collectively hold CapitaSpring.
  3 This takes into consideration 424,228 Units transferred from the Company's unitholding to its key management personnel and eligible employees under the Company's Restricted Unit Plan and Performance Unit Plan.

IMPORTANT NOTICE

The past performance of CapitaLand Integrated Commercial Trust ("CICT") is not indicative of future performance. The listing of the units in CICT ("Units") on the Singapore Exchange Securities Trading Limited (the "SGX-ST") does not guarantee a liquid market for the Units. The value of the Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, CapitaLand Integrated Commercial Trust Management Limited, as manager of CICT (the "Manager"), or any of its affiliates. An investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the Manager redeem or purchase their Units while the Units are listed on the SGX-ST. It is intended that holders of Units may only deal in their Units through trading on the SGX-ST.

This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units.