CapitaLand Mall Trust : Proposed Merger Of CapitaLand Mall Trust And CapitaLand Commercial Trust By Way Of A Trust Scheme Of Arrangement - Notice Of Conditional Record Date And Updated Indicative Timetable

CAPITALAND MALL TRUST

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

ANNOUNCEMENT

PROPOSED MERGER OF CAPITALAND MALL TRUST AND CAPITALAND COMMERCIAL TRUST BY WAY OF A TRUST SCHEME OF ARRANGEMENT - NOTICE OF CONDITIONAL RECORD DATE AND UPDATED INDICATIVE TIMETABLE

1. INTRODUCTION

The board of directors of CapitaLand Mall Trust Management Limited, as manager of CapitaLand Mall Trust ("CMT", and the manager of CMT, the "CMT Manager"), refers to:

1. the announcement dated 22 January 2020 made by the CMT Manager titled
   "Proposed Merger Of CapitaLand Mall Trust And CapitaLand Commercial Trust By Way Of A Trust Scheme Of Arrangement" and the joint announcement dated 22 January 2020 made by the CMT Manager and CapitaLand Commercial Trust Management Limited, as manager of CapitaLand Commercial Trust ("CCT", and the manager of CCT, the "CCT Manager") titled "Proposed Merger Of CapitaLand Mall
   Trust And CapitaLand Commercial Trust By Way Of A Trust Scheme Of Arrangement", concerning the proposed merger of CMT and CCT (the "Merger");
2. the circular dated 4 September 2020 issued by the CMT Manager to the unitholders of CMT ("CMT Unitholders") in relation to the Merger (the "Circular");
3. the letter dated 4 September 2020 from the CMT Manager to the unitholders of CCT (the "CCT Unitholders"), as set out in Appendix B to the scheme document dated 4 September 2020 (the "Scheme Document") issued by the CCT Manager to the CCT Unitholders in relation to the Merger; and
4. the announcement dated 30 September 2020 issued by the CCT Manager in relation to, inter alia, the record date on which the register of CCT Unitholders will be closed in order to determine the entitlements of the CCT Unitholders in respect of the Trust Scheme (the "Record Date").

Unless otherwise defined herein, capitalised terms shall bear the same meanings ascribed to them in the Circular.

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1. NOTICE OF CONDITIONAL RECORD DATE
   Notice is hereby given that, subject to the grant of the order of the Court sanctioning the Trust Scheme (the "Trust Scheme Court Order") on or before 13 October 2020 and the satisfaction or, as the case may be, waiver of the Conditions in accordance with the terms of the Implementation Agreement, the transfer books and the register of CMT Unitholders will be closed at 5.00 p.m. on Tuesday, 20 October 2020 (being the Record Date) in order to determine the entitlements of the CMT Unitholders to the CMT Permitted Distributions in respect of the period from 1 July 2020 up to the day immediately before the Effective Date (the "CMT Cumulative Distribution"). For the avoidance of doubt, the CMT Cumulative Distribution includes the clean-up distribution to the CMT Unitholders in respect of the period from 1 October 2020 up to the day immediately before the Effective Date.
   The actual quantum of the distribution per CMT Unit under the CMT Cumulative Distribution and further details in relation to the CMT Cumulative Distribution per CMT Unit will be announced by the CMT Manager on a later date.
2. INDICATIVE TIMETABLE FOR THE TRUST SCHEME
   Subject to the grant of the Trust Scheme Court Order on or before 13 October 2020 and the satisfaction or, as the case may be, waiver of the Conditions in accordance with the terms of the Implementation Agreement, CMT Unitholders should note the following indicative timetable in relation to the Trust Scheme:

Event		Date and Time
Expected date of Court hearing of the	:	Tuesday, 13 October 2020(1)
application to sanction the Trust Scheme
Expected last day of trading of the CCT	:	Friday, 16 October 2020
Units on the SGX-ST
Expected last day of trading of the CMT	:	Friday, 16 October 2020
Units on a cum-distribution basis
Expected first day of trading of the CMT	:	Monday, 19 October 2020
Units on an ex-distribution basis
Expected date of suspension of trading of	:	Monday, 19 October 2020, on and from
the CCT Units		9.00 a.m.
Expected record date to determine	:	Tuesday, 20 October 2020, at 5.00 p.m.
entitlements to the CMT Cumulative
Distribution

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Event		Date and Time
Expected record date to determine	:	Tuesday, 20 October 2020, at 5.00 p.m.
entitlements to the clean-up distribution to
CCT Unitholders in respect of the period
from 1 July 2020 up to the day immediately
before the Effective Date
Expected Record Date to determine	:	Tuesday, 20 October 2020, at 5.00 p.m.
entitlements of the CCT Unitholders in
respect of the Trust Scheme
Expected Effective Date	:	Wednesday, 21 October 2020
Expected date of payment of the Cash	:	Wednesday, 28 October 2020
Consideration to CCT Unitholders
Expected date of crediting and issuance of	:	Wednesday, 28 October 2020
the Consideration Units
Expected commencement date of trading	:	Wednesday, 28 October 2020
of the Consideration Units
Expected date of delisting of CCT	:	Tuesday, 3 November 2020
Expected date of payment of the CMT	:	By Monday, 30 November 2020
Cumulative Distribution

Note:

1. The date of the Court hearing of the application to sanction the Trust Scheme will depend on the date that is allocated by the Court.

The timetable above is indicative only and is subject to change at the CMT Manager's absolute discretion as well as pursuant to applicable regulatory requirements. Any changes (including any determination of the relevant dates) to the timetable above will be announced.

4. RESPONSIBILITY STATEMENT

The directors of the CMT Manager1 (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 CMT and/or the CMT Manager (excluding those relating to CCT and/or the CCT 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 CMT 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 CCT and/or the CCT Manager, the sole responsibility of

1 For purposes of this paragraph 4, all references to the directors of the CMT Manager shall exclude Mr Gay Chee Cheong, who is currently on a leave of absence.

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the directors of the CMT 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. The directors of the CMT Manager do not accept any responsibility for any information relating to CCT and/or the CCT Manager or any opinion expressed by CCT and/or the CCT Manager.

By Order of the Board of Directors

CapitaLand Mall Trust Management Limited

(Registration Number: 200106159R) as manager of CapitaLand Mall Trust

Lee Ju Lin, Audrey

Company Secretary

30 September 2020

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