Launch of Preferential Offering To Raise ~S$59mil for Proposed Acquisition of Grand Canyon Mall 23 October 2013 Not for release, publication or distribution into the United States, Canada or Japan 0 Launch of Preferential Offering *23 Oct 2013*
Disclaimer This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from other developments or companies, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events. The information contained in this presentation has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither CapitaRetail China Trust Management Limited (the Manager ) nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use, reliance or distribution of this presentation or its contents or otherwise arising in connection with this presentation. The past performance of CapitaRetail China Trust ( CRCT ) is not indicative of the future performance of CRCT. Similarly, the past performance of the Manager is not indicative of the future performance of the Manager. The value of units in CRCT ( Units ) and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors should note that they will have no right to request that the Manager redeem or purchase their Units for as long as the Units are listed on Singapore Exchange Securities Trading Limited ( SGX-ST ). It is intended that holders of Units ( Unitholders ) may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. This presentation is not an offer for sale of the securities in the United States. No securities have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. Any public offering of securities made in the United States would be made by means of a prospectus that may be obtained from the Manager and would contain detailed information about the Manager and CRCT, as well as financial statements. There will be no public offering of securities in the United States. 1 Launch of Preferential Offering *23 Oct 2013*
Contents Preferential Offering Details and Rationale Indicative Timeline Proposed Acquisition of Grand Canyon Mall Appendix 2 Launch of Preferential Offering *23 Oct 2013*
Preferential Offering 3 Launch of Preferential Offering *23 Oct 2013* Grand Canyon Mall, Beijing, China
Details and Rationale Issuance of 45,413,704 non-renounceable new units at S$1.30; Discount of 7.5% 1 to VWAP 6 new units for every 100 existing units; Gross proceeds of ~S$59 mil Attractively priced for existing unitholder, below 52-week low of S$1.32 Unitholders can apply for additional new units in excess of their prorata share Commitment by CapitaMalls Asia Limited (CMA): Take up its pro-rata entitlement 2 Apply for excess new units to the extent that CapitaMall Trust (CMT) does not accept its pro-rata allotment 2 Balance will be underwritten by DBS Bank Rationale for the Preferential Offering: Partially finance the proposed acquisition of Grand Canyon Mall Enable existing unitholders to participate in the equity fund raising Increase trading liquidity 1. Based on the volume weighted average price of S$1.4049 per unit for trades in units done on the SGX-ST for the full market day on 23 October 2013. 4 2. CMA has a direct interest of 21.26% in CRCT and Launch CMT of has Preferential 16.21% interest Offering in *23 CRCT. Oct 2013*
Indicative Timeline Books Closure Date Event Despatch of Instruction Booklet and ARE 1 to Entitled Unitholders Opening date and time for the Preferential Offering Closing date and time for the Preferential Offering Expected date and time for commencement of trading of New Units under the Preferential Offering Date and Time 31 October 2013 at 5.00 p.m. 5 November 2013 5 November 2013 at 9.00 a.m. via ARE 1 and ATMs 2 13 November 2013 at 5.00 p.m. via ARE 1 13 November 2013 at 9.30 p.m. via ATMs 2 21 November 2013 at 9.00 a.m. 1. The acceptance form for new units provisionally allotted to entitled unitholders under the Preferential Offering and application form for excess new units. 2. Automated teller machine. 5 Launch of Preferential Offering *23 Oct 2013*
Proposed Acquisition of Grand Canyon Mall 6 Launch of Preferential Offering *23 Oct 2013* Grand Canyon Mall, Beijing, China
Grand Canyon Mall 1 st Acquisition from Third Party 1 Attractive Income-producing Mall Strategically located with excellent connectivity Large catchment with high footfall Strong growth potential from renewals and enhancements Opportunity to deploy balance sheet to enhance DPU Total investment cost 2 of ~RMB 1.82 bil (~RMB 26,000 psm) Existing tenants include popular international and local brands 1. CapitaMalls Asia Limited (CMA) secured Grand Canyon Mall through a public tender. CRCT entered into a conditional call option agreement with CMA pursuant to its right of first refusal under an existing agreement to acquire the property. 2. Includes other costs such as transaction costs, capital expenditure and acquisition related costs. Excludes 1% of 7 Launch of Preferential Offering *23 Oct 2013* acquisition fee payable to the manager.
Grand Canyon Mall Boosting Returns Jointly managing the mall since July 2013 Expected to obtain official approval before end 2013 and complete acquisition in 1Q 2014 Through our extensive leasing network and active negotiation with tenants: Committed occupancy increased from 92.7% during pre-acquisition to 95.5% as at 30 Sep 2013 Recorded strong rental reversion, as high as >100% Continuous effort to refresh tenant mix and organise exciting activities to enhance traffic and sales Enhance food & beverages offerings Bring in popular and quality brands 8 Launch of Preferential Offering *23 Oct 2013*
Grand Canyon Mall Popular & Vibrant Mall Celebrated 3 rd year Anniversary in August 2013 Consistently high shopper traffic of >1mil per month since 2011 9 Launch of Preferential Offering *23 Oct 2013*
Appendix 10 Launch 1H of 2013 Preferential Financial Offering Results July *23 2013 Oct 2013* Grand Canyon Mall, Beijing, China
Summary of Preferential Offering Offer Structure Pro-rata, non-renounceable preferential offering Gross Proceeds Preferential Ratio Issue Price Discount Status of New Units Commitment by CapitaMalls Asia Limited (CMA) Underwriting Lead Manager and Underwriter Approximately S$59.0 million 6 new units for every 100 existing units held as at the Books Closure Date 1 S$1.30 per new unit ~7.5% from VWAP 2 of S$1.4049 a. The new units will rank pari passu in all respects with the existing units, including the right to distributions from 1 July 2013 b. 3Q 2013 DPU post Preferential Offering will be 2.13 CMA, which owns an aggregate deemed interest of ~37.5%, is committed to: a. Take up the pro-rata entitlement of Retail Crown and CRCTML b. Apply for excess new units to the extent that CMT does not accept its pro-rata allotment Balance new units of approximately 62.5% of the Preferential Offering is underwritten by DBS Bank DBS Bank Terms defined and used in this presentation shall, unless otherwise defined, have the same meanings when used in the announcement dated 23 October 2013. 1. Fractions of a new unit to be disregarded. 2. Volume weighted average price for the full market day on 23 October 2013. 3. Net asset value as at 30 September 2013. 11 Launch of Preferential Offering *23 Oct 2013*
Thank You For enquiries from analysts & investors, please contact (Ms) LENG Tong Yan Investor Relations Tel: (65) 6826 5469 Email: leng.tongyan@capitaland.com 12 Launch of Preferential Offering *23 Oct 2013*