Mapletree Logistics Trust : Notice Of Cumulative Distribution Record Date

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, EUROPEAN ECONOMIC AREA,

THE UNITED KINGDOM, CANADA, JAPAN OR AUSTRALIA

(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 5 July 2004 (as amended))

ANNOUNCEMENT

NOTICE OF CUMULATIVE DISTRIBUTION RECORD DATE

Capitalised terms used herein, but not otherwise defined, shall have the meanings ascribed to them in the announcement of Mapletree Logistics Trust dated 30 March 2023 titled "Launch of Equity Fund Raising By Way of a Private Placement to Raise Gross Proceeds of Approximately S$200.0 million" (the "Launch Announcement").

NOTICE IS HEREBY GIVEN that pursuant to the Private Placement (as defined herein), the Transfer Books and Register of Unitholders of Mapletree Logistics Trust ("MLT") will be closed at 5.00 p.m. on Monday, 10 April 2023 for the purpose of determining the entitlement of Unitholders to a cumulative distribution of approximately between 2.40 Singapore cents and 2.60 Singapore cents for the period from 1 January 2023 to the day immediately prior to the date on which the New Units are issued pursuant to the Private Placement (the "Cumulative Distribution") (the record date of the Cumulative Distribution, the "Cumulative Distribution Record Date").

It was announced on 30 March 2023 that the Manager is proposing an equity fund raising of New Units by way of a private placement of between 121,285,000 and 124,223,000 New Units at an issue price of between S$1.610 and S$1.649 per New Unit (both figures inclusive) to raise gross proceeds of approximately S$200.0 million (the "Private Placement").

The Cumulative Distribution Record Date is subject to change, at the discretion of the Manager, in consultation with Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch and UBS AG, Singapore Branch (collectively, the "Joint Global Co-ordinators and Bookrunners") as the Joint Global Co-ordinators and Bookrunners in relation to the Private Placement, subject to compliance with all applicable laws and regulations (including but not limited to the requirements of the SGX-ST). In the event of any such change, the Manager will announce such new Cumulative Distribution Record Date and/or any other dates in relation to the Private Placement on SGXNET.

The Cumulative Distribution

The quantum of distribution per unit in MLT ("Unit") under the Cumulative Distribution is currently estimated to be between 2.40 Singapore cents to 2.60 Singapore cents1. A further announcement on the actual quantum of distribution per Unit (which may differ from the estimate above) under the Cumulative Distribution will be made by the Manager in due course.

1

This range is an estimate only based on information currently available to the Manager and the Manager's estimate of MLT's revenue and expenses for the relevant period on a pro rata basis and the actual Cumulative Distribution may differ. The actual quantum of the distribution will be announced on a later date after the closure of the Transfer Books and Register of Unitholders.

The next distribution following the Cumulative Distribution will comprise MLT's distributable income for the period from the day the New Units are issued pursuant to the Private Placement, currently expected to be on Tuesday, 11 April 2023, to 30 June 2023. Quarterly distributions will resume thereafter.

Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with Units as at 5.00 p.m. on the Cumulative Distribution Record Date will be entitled to the Cumulative Distribution that will be paid on or around Monday, 22 May 2023.

The Cumulative Distribution is intended to ensure that the distributable income accrued by MLT from 1 January 2023 up to the day immediately preceding the date of issue of the New Units pursuant to the Private Placement (which at this point, will be entirely attributable to the Units in issue on the day immediately prior to the date on which the New Units pursuant to the Private Placement are issued (the "Existing Units")) is only distributed in respect of the Existing Units, and is being proposed as a means to ensure fairness to holders of the Existing Units.

Status of New Units issued pursuant to the Private Placement

The New Units issued pursuant to the Private Placement will, upon issue, rank pari passu in all respects with the Existing Units, other than in respect of the Cumulative Distribution.

For the avoidance of doubt, the holders of the New Units to be issued pursuant to the Private Placement will not be entitled to any distributable income accrued by MLT up to the day immediately preceding the date of issue of the New Units pursuant to the Private Placement (including the Cumulative Distribution).

Declaration for Singapore Tax Purposes

• 1. The tax-exempt income component of the distribution is exempt from tax in the hands of all Unitholders. No tax will be deducted at source from this component.

• 2. The other gains component of the distribution is not taxable in the hands of all Unitholders.

• 3. The capital component of the distribution is treated as a return of capital for Singapore income tax purposes. No tax will be deducted at source from this component.

• 4. Tax will be deducted at source from the taxable income component in certain circumstances. The following paragraphs describe the circumstances in which tax will or will not be deducted from the taxable income component of the distribution.

• 5. The following categories of Unitholders will receive a gross distribution (i.e. no tax will be deducted from it):-

  • (a) Unitholders who are individuals and who hold the Units either in their sole names or jointly with other individuals;

  • (b) Unitholders which are companies incorporated and tax resident in Singapore;

  • (c) Unitholders which are Singapore branches of companies incorporated outside Singapore;

  • (d) Unitholders which are body of persons (excluding companies or partnerships) incorporated or registered in Singapore;

  • (e) Unitholders which are international organisations that are exempt from tax on such distributions by reason of an order made under the International Organisations (Immunities and Privileges) Act 1948 of Singapore; and

(f)Unitholders which are real estate investment trust exchange-traded funds which have been accorded the tax transparency treatment.

• 6. To receive a gross distribution, Unitholders in categories (b) to (f) under Paragraph 5 above must complete a prescribed form - the "Declaration for Singapore Tax Purposes Form" ("Form A").

• 7. These categories of Unitholders, unless they are exempt from tax because of their own circumstances, will have to pay income tax subsequently at their own applicable tax rates.

• 8. Unitholders in category (a) are not required to submit any form. The gross distribution received by these Unitholders (irrespective of their tax residence status) is exempt from tax if it is not derived through a partnership in Singapore or from the carrying on of a trade, business or profession.

• 9. Tax at the reduced rate of 10% will be deducted from the distribution made to Unitholders which are:-

  • (a) foreign non-individual; and

  • (b) qualifying non-resident fund.

• 10. A foreign non-individual Unitholder is one (other than an individual) who is not a resident of Singapore for income tax purposes and:-

  • (a) who does not have any permanent establishment in Singapore; or

  • (b) who carries on any operation through a permanent establishment in Singapore, where the funds used to acquire the Units in MLT are not obtained from that operation.

• 11. A qualifying non-resident fund is one that qualifies for tax exemption under section 13D, 13U or 13V of the Income Tax Act 1947 of Singapore that is not a resident of Singapore for income tax purposes and:-

  • (a) does not have any permanent establishment in Singapore (other than a fund manager in Singapore); or

  • (b) carries on any operation through a permanent establishment in Singapore (other than a fund manager in Singapore), where the funds used to acquire the Units in MLT are not obtained from that operation.

  For this purpose, a non-resident fund refers to a fund being a non-resident company, a partnership where all partners are non-residents, a trust administered by a non-resident trustee, or a non-resident entity.

• 12. To receive the distribution net of tax deducted at 10%, Unitholders in categories (a) and (b) under Paragraph 9 above are required to complete Form A.

• 13. Beneficial owners of Units in MLT who hold their Units through depository agents will receive:-

  • (a) gross distribution if they are persons described in categories (a) to (f) under Paragraph 5 above; and

  • (b) distribution net of tax deducted at 10% if they are Unitholders described in categories (a) and (b) under Paragraph 9 above.

• 14. To receive gross distribution and distribution net of tax deducted at 10%, depository agents are required to complete the "Declaration by Depository Agents for Singapore Tax Purposes Form" ("Form B") and its annexes.

• 15. Form A and Form B (and its annexes) will be sent to Unitholders and depository agents respectively, by MLT's unit registrar (the "Unit Registrar"), Boardroom Corporate & Advisory

  Services Pte. Ltd. located at 1 Harbourfront Avenue #14-07 Keppel Bay Tower, Singapore

• 098632, on or around Wednesday, 12 April 2023.

• 16. Unitholders (Form A) and the depository agents (Form B and its annexes) will have to complete the forms legibly and send it to the Unit Registrar such that they are received by 5.00 pm on Wednesday, 26 April 2023. Failure to comply with any of these requirements will render Form A and Form B invalid and the trustee and the Manager of MLT will be obliged to deduct tax at the rate of 17% from the distribution.

• 17. Unitholders who hold Units under the Central Provident Fund Investment Scheme and the Supplementary Retirement Scheme do not have to return any form. They will receive gross distribution.

Important Reminder

Unitholders and depository agents must complete and return the "Declaration for Singapore Tax Purposes Form A and Form B (and its annexes)", respectively to the Unit Registrar's office by 5.00 pm on Wednesday, 26 April 2023 in order to receive the distribution either at gross or at net (after deduction of tax at 10%) as described above.

Declaration in Income Tax Return

This distribution is considered as income for the year 2023. Beneficial owners of the distribution, other than those who are exempt from tax on the distribution or who are entitled to the reduced tax rate of 10%, are required to declare the gross amount of the taxable income component of the distribution (regardless whether the distribution is paid in cash or in the form of units) as taxable income in their Singapore income tax return for the year of assessment 2024.

Important Dates and Times

Date / Deadline	Event
9.00 a.m., Thursday, 6 April 2023	First day of "ex-distribution" trading
5.00 p.m., Monday, 10 April 2023	Closure of MLT's Transfer Books and Register of Unitholders for the Cumulative Distribution
Wednesday, 12 April 2023	Despatch of Form A and Form B
5.00 p.m., Wednesday, 26 April 2023	Unitholders and depository agents must have completed and returned Form A or Form B, as applicable, to the Unit Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., located at 1 Harbourfront Avenue #14-07 Keppel Bay Tower, Singapore 098632.
On or around Monday, 22 May 2023	Payment of Cumulative Distribution to Unitholders' securities accounts.

The above timetable may be subject to change. In the event that the above timetable is modified, the Manager will make a separate SGXNET announcement.

Should Unitholders have any queries in relation to these procedures, please do not hesitate to contact:

Ms Lum Yuen May

Director, Investor Relations Tel: [phone]

Email:[e-mail]

Or visit MLT's website atwww.mapletreelogisticstrust.com

By Order of the Board

Wan Kwong Weng

Joint Company Secretary

Mapletree Logistics Trust Management Ltd. (Company Registration No. 200500947N) As Manager of Mapletree Logistics Trust

30 March 2023