CapitaLand Mall Trust : Proposed Merger Of CapitaLand Mall Trust And CapitaLand Commercial Trust - Dealings Disclosure

PROPOSED MERGER OF CapitaLand Mall Trust AND CapitaLand Commercial Trust

DEALINGS DISCLOSURE

1. INTRODUCTION
   J.P. Morgan (S.E.A.) Limited ("JPMSEAL") refers to the joint announcement released on 22 January 2020, (the "Joint Announcement") in connection with the acquisition by CapitaLand Mall Trust (the "Offeror") of all the issued and paid-up units of CapitaLand Commercial Trust by way of a trust scheme of arrangement ("Trust Scheme") in accordance with The Singapore Code on Take-overs and Mergers (the "Code").
   As stated at paragraph 6.3 of the Joint Announcement, JPMSEAL is the sole financial adviser to the Offeror in connection with the Trust Scheme.
   All capitalised terms used and not defined herein shall have the same meanings given to them in the Joint Announcement.
2. DISCLOSURE OF DEALINGS
   Pursuant to Rule 12.1 of the Code and the Practice Statement on the Exemption of Connected Fund Managers and Principal Traders under the Code, JPMSEAL wishes to announce the dealings by its associates (the "Relevant Entities") in the relevant securities of the Offeror on 5 October 2020 , details of which are set out in the Schedule hereto.

Issued by

J.P. Morgan (S.E.A.) Limited

6 October 2020

Singapore

Schedule

Dealing

in Units

Resultant Total of

Equivalent

Units owned

Name of Relevant

Total

or controlled by

% of

Date of

Entity and (if different)

Number

Price

Highest and Lowest

Amount

the associate and

Resultant

name of the ultimate

Description of Security

Nature of Transaction

Prices Paid or

(Paid)/

by

Total of

Dealing

of Units

(SGD)

beneficial owner or

Received (SGD)

(Received)

investment

Equivalent

controller

(SGD)

accounts under

Units

the discretionary

management of

the associate

Buy/Sell

Product Type

Nature of Dealing

Highest

Lowest

J.P. MORGAN

5-Oct-20

SECURITIES PLC

CAPITALAND MALL TRUST

Buy

REIT

Swap Hedge

4,800

1.93

1.93

1.93

9,267.70

15,751,483

0.43%

(dealing as principal)

J.P. MORGAN

5-Oct-20

SECURITIES PLC

CAPITALAND MALL TRUST

Buy

REIT

Swap Hedge

1,000

1.95

1.95

1.95

1,950.78

15,752,483

0.43%

(dealing as principal)

J.P. MORGAN

5-Oct-20

SECURITIES PLC

CAPITALAND MALL TRUST

Buy

REIT

Swap Hedge

1,000

1.95

1.95

1.95

1,950.78

15,753,483

0.43%

(dealing as principal)

J.P. MORGAN

5-Oct-20

SECURITIES PLC

CAPITALAND MALL TRUST

Sell

REIT

Index Hedge

(27,700)

1.95

1.95

1.95

53,993.40

15,725,783

0.43%

(dealing as principal)

Dealing in

Derivatives

Total

Date of

Name of Relevant Entity and (if

Number of

Units to

Maturity

Closing Out

Reference

Amount

different) name of the ultimate

Description of Security

Nature of Transaction

which the

(Date)/

Date (if

(Paid)/

Dealing

Price (SGD)

beneficial owner or controller

Derivatives relate

(Period)

applicable)

(Received)

(SGD)

Buy/Sell

Product Type

Nature of Dealing

5-Oct-20

J.P. MORGAN SECURITIES PLC

CAPITALAND MALL TRUST

Sell

REIT

Swap

(1,000)

9-Nov-21

-

1.95

1,951.07

(dealing as principal)

5-Oct-20

J.P. MORGAN SECURITIES PLC

CAPITALAND MALL TRUST

Sell

REIT

Swap

(1,000)

9-Nov-21

-

1.95

1,951.07

(dealing as principal)

5-Oct-20

J.P. MORGAN SECURITIES PLC

CAPITALAND MALL TRUST

Sell

REIT

Swap

(4,800)

9-Nov-21

-

1.93

9,264.00

(dealing as principal)