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 16 October 2020, details of which are set out in the Schedule hereto.

Issued by

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

19 October 2020

SINGAPORE

Schedule

Dealing in

Units

Resultant

Total of

Equivalent

Units owned

or controlled

Total

by

% of

Name of Relevant Entity and

Highest and

the associate

Amount

Resultant

Date of

(if different) name of the

Number

Price

Lowest Prices

and by

Description of Security

Nature of Transaction

(Paid)/

Total of

Dealing

ultimate beneficial owner or

of Units

(SGD)

Paid or Received

investment

(Received)

Equivalent

controller

(SGD)

accounts

(SGD)

Units

under

the

discretionary

management

of the

associate

Buy/Sell

Product Type

Nature of Dealing

Highest

Lowest

16-Oct-20

J.P. MORGAN SECURITIES PLC

CAPITALAND MALL TRUST

Sell

REIT

Swap Hedge

(300)

1.94

1.94

1.94

581.77

16,111,583

0.44%

(dealing as principal)

16-Oct-20

J.P. MORGAN SECURITIES PLC

CAPITALAND MALL TRUST

Buy

REIT

Swap Hedge

1,000

1.91

1.91

1.91

1,910.76

16,112,583

0.44%

(dealing as principal)

16-Oct-20

J.P. MORGAN SECURITIES PLC

CAPITALAND MALL TRUST

Buy

REIT

Swap Hedge

1,000

1.91

1.91

1.91

1,910.76

16,113,583

0.44%

(dealing as principal)

16-Oct-20

J.P. MORGAN SECURITIES PLC

CAPITALAND MALL TRUST

Buy

REIT

Swap Hedge

1,000

1.91

1.91

1.91

1,910.76

16,114,583

0.44%

(dealing as principal)

16-Oct-20

J.P. MORGAN SECURITIES PLC

CAPITALAND MALL TRUST

Sell

REIT

Index Hedge

(5,000)

1.91

1.91

1.91

9,546.18

16,109,583

0.44%

(dealing as principal)

Dealing in

Derivatives

Number

Closing

Total

Name of Relevant Entity and (if

of Units to

Maturity

Reference

Amount

Date of

Out Date

different) name of the ultimate

Description of Security

Nature of Transaction

which the

(Date)/

Price

(Paid)/

Dealing

(if

beneficial owner or controller

Derivatives

(Period)

(SGD)

(Received)

applicable)

relate

(SGD)

Buy/Sell

Product Type

Nature of Dealing

16-Oct-20

J.P. MORGAN SECURITIES PLC

CAPITALAND MALL TRUST

Sell

REIT

Swap

(1,000)

27-Oct-21

-

1.91

1,911.05

(dealing as principal)

16-Oct-20

J.P. MORGAN SECURITIES PLC

CAPITALAND MALL TRUST

Sell

REIT

Swap

(1,000)

9-Nov-21

-

1.91

1,911.05

(dealing as principal)

16-Oct-20

J.P. MORGAN SECURITIES PLC

CAPITALAND MALL TRUST

Sell

REIT

Swap

(1,000)

9-Nov-21

-

1.91

1,911.05

(dealing as principal)

16-Oct-20

J.P. MORGAN SECURITIES PLC

CAPITALAND MALL TRUST

Buy

REIT

Swap

300

9-Nov-21

-

1.94

582.00

(dealing as principal)