CapitaMalls Asia Limited

Asia’s Leading Mall Developer, Owner and Manager

Singapore • China • • Japan • India Proposed Development in Valley, Malaysia 9 May 2012

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2 Proposed Shopping Mall Development In , Malaysia *May 2012* Contents

• Project Highlights • Rationale • Summary

3 Proposed Shopping Mall Development In Klang Valley, Malaysia *May 2012* 4 , , Malaysia Project Highlights CMA’s First Development Project in Malaysia

New shopping mall will cater to under-served retail needs of established residential district

• Strategically located in the established Taman Melawati residential district in Klang Valley, Malaysia • Serves a ready catchment population of around 800,000 people within 10 minutes’ drive • Freehold site with an area of approximately 242,000 sq ft • Net lettable area of approximately 635,000 sq ft1 • Target opening: 2016 • Development cost of approximately RM500.0 million (S$204.5 million)

1. Subject to the relevant regulatory approvals

5 Proposed Shopping Mall Development In Klang Valley, Malaysia *May 2012* Strategic Location

• Sited along arterial Middle Ring Road 2 (MRR2) • Accessible via DUKE Expressway and Ampang-KL Elevated Highway (AKLEH) • 20 minutes’ drive from City Centre (KLCC)

6 Proposed Shopping Mall Development In Klang Valley, Malaysia *May 2012* Joint Venture Structure: 50/50

To develop a shopping mall in Taman Melawati, the Klang Valley, Malaysia Estimated development cost of approximately RM500.0 million (S$204.5 million)

“SDP” “CMA” 50% 50%

Joint Venture Company

7 Proposed Shopping Mall Development In Klang Valley, Malaysia *May 2012* Site Information

Location Located in Taman Melawati, an established and affluent residential district north-east of Kuala Lumpur city centre and part of the Klang Valley. It is bounded by the established residential areas of , Wangsa Maju, Taman Permata and Kemensah Heights. It is also near one of the most established international schools in Kuala Lumpur, as well as tourist destinations such as and the National Zoo.

Site area ~ 242,000 sq ft

Total NLA ~ 635,000 sq ft

Target to open 2016

Tenure Freehold

Total PDE ~ RM500.0 million (S$204.5 million)

8 Proposed Shopping Mall Development In Klang Valley, Malaysia *May 2012* The Mines, , Malaysia Rationale Rationale for the Development

1 Strategic Location in Taman Melawati

2 Synergistic Partnership

3 Strengthening CMA’s Foothold in Malaysia

Strengthening SDP’s Foothold in Commercial Development 4 and Transforming Melawati

10 Proposed Shopping Mall Development In Klang Valley, Malaysia *May 2012* 1 Strategic Location in Taman Melawati

The development will be the first large “one-stop” shopping mall in the area

TAMAN MELAWATI • Strategically situated in the mature Proposed residential precinct of shopping mall Taman Melawati • Easily accessible and well served by major highways • Catchment population of about 800,000 people within 10 MELAWATI TOWN CENTRE minutes’ drive • 635,000 square feet of net lettable area - no other mall of similar size in the vicinity Source: Google Maps

11 Proposed Shopping Mall Development In Klang Valley, Malaysia *May 2012* 2 Synergistic Partnership

CapitaMalls Asia is Asia’s leading mall developer, owner and manager

• CapitaMalls Asia is one of the largest listed shopping mall developers, owners and managers in Asia by total property value of assets and by geographic reach • 99 shopping malls with a total property value1 of approximately S$29.5 billion

ION Orchard, Hongkou Plaza, Shanghai Queensbay Mall Vivit Square The Celebration Mall China Penang, Malaysia Tokyo, Japan Udaipur, India Notes 1. Aggregate property value of the properties in CMA’s portfolio (where the property value of each of the properties is taken in its entirety regardless of the extent of CMA’s interest)

12 Proposed Shopping Mall Development In Klang Valley, Malaysia *May 2012* 2 Synergistic Partnership

Sime Darby Property is Malaysia’s largest property developer in terms of landbank

• Land bank of 17,000 acres (another 18,700 acres for future development) • Built 10 townships with communities of about 80,000 families and 400,000 residents • Developments include Themed Ficus Peak, Seri Pilmoor, Township Development and Niche and Integrated Development which comprise residential and commercial buildings. • Strong presence in Malaysia (Klang Valley & ) and internationally (Singapore, Vietnam, Delora, Isola, Bandar China, Australia & United Kingdom)

Sime Darby Property Townships

13 Proposed Shopping Mall Development In Klang Valley, Malaysia *May 2012* 3 Strengthening CMA’s Foothold in Malaysia CMA’s 6th mall in Malaysia, deepening its presence in Klang Valley

1 2 MALAYSIA Queensbay Mall , Penang East Coast Mall , Kuantan

Sungei Wang Plaza2, Kuala Lumpur The Mines2, Selangor Gurney Plaza2, Penang

1. CapitaMalls Asia owns 90.7% of the retail strata area of Queensbay Mall. 2. CapitaMalls Asia through CapitaMalls Malaysia Trust owns in Penang, The Mines in Selangor, East Coast Mall in Kuantan and 61.9% of the retail strata area and 100% of the car park area of in Kuala Lumpur.

14 Proposed Shopping Mall Development In Klang Valley, Malaysia *May 2012* 4 Strengthening SDP’s Foothold in Commercial Development and Transforming Melawati • Enhancement of land value - the shopping mall is expected to serve as a catalyst to enhance the value of the surrounding area

• Market demand - the synergistic benefits of the shopping mall to Melawati Township are significant. It will provide opportunities for the proposed retail mall to tap into substantial purchasing power represented by the middle income segments residing in these developments and increase the vibrancy of the surrounding residential developments, including housing estates of Taman Melawati and Desa Melawati.

• In line with the Malaysian Government’s objective to improve the community lifestyle and transform the Melawati town centre into a commercial destination - 'East KL'. The shopping mall is part of the bigger Melawati Urban Renewal Development.

Oasis, D’Vida, Eleven Avenue, E-Boulevard, Ara Damansara Bandar Bukit Raja Denai Alam

15 Proposed Shopping Mall Development In Klang Valley, Malaysia *May 2012* Gurney Plaza, Penang Summary Summary

• Site located in established residential district north- Strategic Location in 1 east of Kuala Lumpur city centre Taman Melawati • Catchment population of around 800,000 people within 10 minutes’ drive

• Win-win collaboration 2 Synergistic Partnership • CMA – Asia’s leading mall developer, owner and manager • SDP – Malaysia’s largest property developer

Strengthening CMA’s • 6th mall for CMA in Malaysia 3 Foothold in Malaysia • Deepen presence in Klang Valley

Strengthening SDP’s • Enhance land value Foothold in Commercial 4 • Synergistic benefits and market demand Development • Align with Government’s objectives and Transforming Melawati

17 Proposed Shopping Mall Development In Klang Valley, Malaysia *May 2012* Thank You For enquiries from analysts & investors

Please contact: Brenda Ng Investor Relations Tel: (65) 6826 1188 Email: [email protected]

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