Capitaland : CMA: Placement tranche of CapitaMalls Asia's 10-year bonds closes at S$180.0 million after just three days

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This release is for information only and is not an offer of securities for sale in the United States. Neither this release nor any copy hereof may be taken into or distributed in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from registration. No public offering of securities will be made in the United States. The Issuer does not intend to register any of the securities in the United States.

NEWS RELEASE For immediate release 5 January 2012 Placement tranche of CapitaMalls Asia's 10-year bonds closes at S$180.0 million after just three days

Placement tranche of S$100.0 million more than 2 times subscribed

Issuer exercising option to upsize offer; up to S$220.0 million remains on offer to the public

Public offer to close at 2 p.m. on 9 January 2012

Singapore, 5 January 2012 - CapitaMalls Asia Limited (SGX: JS8 and HKEx: 6813, the "Guarantor" or "CapitaMalls Asia") is pleased to announce that the placement tranche of 10- year bonds by its wholly-owned subsidiary, CapitaMalls Asia Treasury Limited (the "Issuer" or "CapitaMalls Asia Treasury") has closed just three days after the launch of the placement on 3 January 2012. The public offer was launched on 4 January 2012.

The initial placement tranche of S$100.0 million (about HK$597.7 million1) on offer was more than two times subscribed. As a result of the strong demand, CapitaMalls Asia Treasury is exercising its option to upsize the total offer of the bonds. It will allocate S$180.0 million (about HK$1,075.8 million) to the placement tranche and the balance of the upsized offer, amounting to up to S$220.0 million (about HK$1,314.9 million), remains available on offer to the public in Singapore.
Mr Ng Kok Siong, Chief Financial Officer of CapitaMalls Asia, said: "We would like to thank the institutional investors and high net worth individuals for their strong support for our second series of bonds and for their confidence in CapitaMalls Asia. This has enabled us to close the placement tranche after just three days of the offer, and to upsize the offer. With
the upsize, up to another S$220.0 million of bonds remains on offer to the public. The public

1 All HK$ figures in this release have been converted based on an exchange rate of S$1 = HK$5.976929. Conversions from S$ to HK$ in this release are purely for reference only and no representation is made on the exchange rate.

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offer will close at 2.00 p.m. on Monday, and we look forward to a similarly warm response from the public."
CapitaMalls Asia Treasury has offered for subscription bonds to both the public and institutional and other investors in Singapore. The total amount of bonds initially offered comprised up to S$100.0 million in aggregate principal amount of callable step-up bonds due 2022 to the public and up to S$100.0 million in aggregate principal amount of bonds to institutional and other investors. In the event of oversubscription, the Issuer has the right to issue up to an additional S$200.0 million (HK$1,195.4 million) of bonds. The sole bookrunner and lead manager of the offer is DBS Bank Ltd.
The bonds are redeemable yearly in whole or in part at the option of the Issuer on and after
12 January 2017. The interest rate is 3.8% per annum for year 1 to 5 and 4.5% per annum for year 6 to 10, if the bonds are not redeemed early at the option of the Issuer. Interest will be payable half-yearly on 12 January and 12 July of each year. Payments under the bonds will be unconditionally and irrevocably guaranteed by CapitaMalls Asia.
The net proceeds from the issue of the bonds will be used to finance the investments and general corporate purposes of the Issuer, and CapitaMalls Asia and its subsidiaries and associated companies.
The bonds are expected to be issued on 12 January 2012 and are expected to be listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST") at 9.00 a.m. on 13 January 2012. The bonds will be traded in board lot sizes of S$1,000 (HK$5,977). The SGX-ST stock code of the bonds is PW3Z, and they will be traded on the SGX-ST under the trading name CapMallA3.8%b220112.
The Offer Information Statement ("OIS") dated 3 January 2012 lodged with the Monetary Authority of Singapore ("MAS") can be obtained during operating hours at selected branches of DBS Bank (including POSB) (subject to availability) and may be downloaded from MAS OPERA website at http://masnet.mas.gov.sg/opera/sdrprosp.nsf . Applications for the public offer must be made in accordance with the terms and conditions set out in the OIS.

About CapitaMalls Asia (www.capitamallsasia.com)

CapitaMalls Asia Limited is one of the largest listed shopping mall developers, owners and managers in Asia by total property value of assets and geographic reach. CapitaMalls Asia has an integrated shopping mall business model encompassing retail real estate investment, development, mall operations, asset management and fund management capabilities. It has interests in and manages a pan-Asian portfolio of 97 shopping malls across 51 cities in the five countries of Singapore, China, Malaysia, Japan and India, with a total property value of approximately S$26.9 billion (HK$160.8 billion) and a total GFA of approximately 88 million sq ft.
Shopping malls in the portfolio include ION Orchard and Plaza Singapura - which are located in one of the world's most famous shopping streets, Orchard Road - Raffles City Singapore and Clarke Quay in Singapore. CapitaMalls Asia's landmark shopping malls in China are CapitaMall Xizhimen and CapitaMall Wangjing in Beijing; Raffles City Beijing and
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Raffles City Shanghai. The portfolio also includes Gurney Plaza in Penang, Malaysia; Vivit
Square in Tokyo, Japan; as well as Forum Value Mall in Bangalore, India.
CapitaMalls Asia's principal business strategy is to invest in, develop and manage a diversified portfolio of real estate used primarily for retail purposes in Asia, and to strengthen its market position as a leading developer, owner and manager of shopping malls in Asia.

Issued by: CapitaMalls Asia Limited (Co. Regn.: 200413169H) Date: 5 January 2012

For more information, please contact: Analyst MediaCaroline Fong Lim Seng Jin

Head, Investor Relations Head, Corporate Communications and Marketing
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