The Singapore Exchange Securities Trading Limited, Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CAPITAMALLS ASIA LIMITED 凱德商用產業有限公司* (Singapore Company Registration Number: 200413169H) (Incorporated in the Republic of Singapore with limited liability) (Hong Kong Stock Code: 6813) (Singapore Stock Code: JS8)

OVERSEAS REGULATORY ANNOUNCEMENT

This overseas regulatory announcement is issued pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Please refer to the next page for the document which has been published by CapitaMalls Asia Limited (the “Company”) on the website of the Singapore Exchange Securities Trading Limited on 15 January 2013.

BY ORDER OF THE BOARD CapitaMalls Asia Limited Choo Wei-Pin Company Secretary Hong Kong, 15 January 2013

As at the date of this announcement, the board of directors of the Company comprises Mr Liew Mun Leong (Chairman and non-executive director); Mr Lim Beng Chee as executive director; Mr Lim Ming Yan, Ms Chua Kheng Yeng Jennie and Mr Lim Tse Ghow Olivier as non-executive directors; and Mr Sunil Tissa Amarasuriya, Tan Sri Amirsham A Aziz, Dr Loo Choon Yong, Mrs Arfat Pannir Selvam, Professor Tan Kong Yam and Mr Yap Chee Keong as independent non-executive directors.

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MISCELLANEOUS

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Announcement is submitted with CAPITAMALLS ASIA LIMITED respect to *

Announcement is submitted by * Choo Wei-Pin Designation * Company Secretary Date & Time of Broadcast 15-Jan-2013 06:20:09 Announcement No. 00001

>> ANNOUNCEMENT DETAILS The details of the announcement start here ...

Announcement Title * CapitaMalls Asia awarded prime site for shopping mall in

Description The attached news release and presentation slides issued by CapitaMalls Asia Limited on the above matter are for information.

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http://info.sgx.com/webcorannc.nsf/AnnouncementToday/C3600D19404F3D2448257... 15-Jan-13

For immediate release 15 January 2013

NEWS RELEASE

CapitaMalls Asia awarded prime site for shopping mall in Wuhan  Excellent frontage along two major roads with connection to metro station  Population catchment of 500,000 within a 5-kilometre radius  CapitaMalls Asia’s fourth shopping mall in Wuhan

Singapore, Hong Kong and Beijing, 15 January 2013 – CapitaMalls Asia Limited (SGX: JS8 and HKEx: 6813) is pleased to announce today that it has been awarded a prime site for a shopping mall in Wuhan, China. The site, measuring about 70,400 square metres (“sq m”), was awarded at a price of RMB660.0 million (about S$128.4 million / HK$813.4 million). Based on total gross floor area (“GFA”), excluding car park, the land cost is about RMB2,700 (S$525 / HK$3,328) per sq m.

The site is located in ( 硚口区) at the junction of two major roads, namely Jiefang Avenue (解放大道) – one of the busiest arterial roads in Wuhan’s area – and Gutian Second Road (古田二路). It is a 10-minute train ride or 8 kilometres (“km”) from the city centre, and is connected to the Gutian Second Road metro station on the Metro .

Accessibility to the site will be further enhanced in 2015 when the sixth Jianghan bridge (江汉六 桥) spanning the Han River (汉江) is completed to link Hankou and Hanyang, which have a combined population of about 3 million people. Hankou (汉口) and Hanyang (汉阳), together with Wuchang (武昌), form the three main areas of Wuhan.

Qiaokou District is one of the seven central districts of Wuhan. It is the second most densely populated district with close to 18,000 people per square kilometre (“sq km”) – about 2.5 times the average population density of some 7,000 people per sq km in Singapore. The site serves a population catchment of about 500,000 people within a 5-km radius.

Subject to planning approval, CapitaMalls Asia will develop the site into a six-storey shopping mall with a total GFA, excluding car park, of about 160,000 sq m and 2,100 car park spaces.

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Targeted to open in 2015, the mall will be positioned as a one-stop shopping destination catering to the growing middle-income population.

Wuhan is the capital city of Province and the largest city in central China, with a population of close to 10 million residents. A major transport hub, Wuhan connects the rest of the country via well-established highway and railway networks, and one of the largest inland ports in China. With its central location and fast-growing economy, Wuhan has attracted strong international trade and foreign direct investment. Its key industries are car manufacturing, steel production and optical-electronics, including housing China’s largest production centre for optical-electronic products. More than 170 multinational corporations such as Citroen, Foxconn, Hewlett-Packard, Honda, Nissan, Philips and Siemens have established operations in Wuhan. In addition, Wuhan has several well-known local companies such as Dongfeng Motor, FiberHome Technologies Group and Wuhan Iron and Steel.

CapitaMalls Asia’s proposed mall will have the potential to include two office towers with total GFA, excluding car park, of up to 80,000 sq m. The entire development will have a total GFA, excluding car park, of up to about 240,000 sq m. On a completed basis, the total development cost is expected to be about RMB2,800.0 million (S$544.5 million / HK$3,450.8 million).

Mr Lim Beng Chee, CEO of CapitaMalls Asia, said, “We are pleased to have won this prime site in Wuhan. A major transport and commercial hub in Central China, Wuhan is a high-growth city with strong economic fundamentals. Its GDP growth averaged 14.3% per annum from 2007 to 2011, higher than the average 10.4% per annum for Beijing and Shanghai. Its per capita urban disposable income also rose 14.1% while retail sales grew 18.0% in 2011 – slightly higher than the national average of 17.1%. These trends augur well for the outlook of Wuhan’s retail sector.”

“There is currently a lack of good shopping malls in the Gutian area, and our new mall will meet the under-served retail needs and aspirations of the residents here. With this new site, we now have four shopping malls in Wuhan. The other three malls are CapitaMall Wusheng and CapitaMall Minzhongleyuan in the Hankou area, which are already operational, as well as CapitaMall 1818 currently under development in the Wuchang area. This acquisition will entrench our presence in Wuhan, and we will be able to leverage on our established operations to develop the new mall. This acquisition is also in line with our strategy to expand our footprint in China and strengthen our presence in the cities and regions we are already in.”

Including this new development, CapitaMalls Asia now has 60 shopping malls in 36 cities in China, of which 49 are operational and the remaining 11 are under development.

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Summary of proposed shopping mall in Qiaokou District, Wuhan Overall A six-storey shopping mall (from Basement 1 to Level 5), with the potential to include two office towers.

Location  Located at the junction of Jiefang Avenue (解放大道) – one of the busiest arterial roads in Wuhan’s Hankou area – and Gutian Second Road (古田二路).  A 10-minute train ride, or 8 km, from the city centre.  Connected to the Gutian Second Road metro station on the Metro Line 1.  Accessibility to the site will be further enhanced in 2015 when the sixth Jianghan bridge (江汉六桥) spanning the Han River (汉江) is completed to link Hankou and Hanyang.  Population catchment of 500,000 within a 5-km radius.

Site area (approximate) 70,400 sq m

GFA (excluding car park, Retail : 160,000 sq m (66.7% of the entire development) approximate) Office: Up to 80,000 sq m (33.3%) Total : Up to 240,000 sq m

No. of car park spaces 2,100 (approximate)

Land use tenure 40 years, expiring in 2052

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 102 shopping malls across 52 cities in the five countries of Singapore, China, Malaysia, Japan and India, with a total property value of approximately S$30.8 billion (HK$195.2 billion) and a total GFA of approximately 95.0 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. Our landmark shopping malls in China are CapitaMall Crystal in Beijing, Hongkou Plaza in Shanghai and Raffles City Shanghai; and CapitaMall Jinniu in Chengdu. The portfolio also includes Gurney Plaza in Penang, Malaysia; Olinas Mall in Tokyo, Japan; as well as Forum Value Mall in Bangalore, India.

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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: 15 January 2013

For more information, please contact: Analyst Media Leng Tong Yan Lim Seng Jin Manager, Investor Relations Head, Corporate Communications and Marketing Tel: +65 6826 5469 Tel: +65 6826 5778 Email: [email protected] Email: [email protected]

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CapitaMalls Asia Limited

Asia’s Leading Mall Developer, Owner and Manager

Singapore • China • Malaysia • Japan • India CMA Awarded Prime Site for Shopping Mall in Wuhan 15 January 2013 CMA Awarded Prime Site for Shopping Mall in Wuhan *Jan 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 CapitaMalls Asia (“CMA”) or 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 CMA is not indicative of the future performance of CMA.

The value of shares in CMA (“Shares”) and the income derived from them may fall as well as rise. Shares are not obligations of, deposits in, or guaranteed by, CMA or any of its affiliates. An investment in Shares is subject to investment risks, including the possible loss of the principal amount invested.

2 CMA Awarded Prime Site for Shopping Mall in Wuhan *Jan 2013* Executive Summary • Project Details – Prime site located at the junction of Jiefang Avenue and Gutian Second Road. – A six-storey shopping mall with potential to build two office towers. – Total GFA excluding car park of up to 240,000 sq m. – Land acquired at ~RMB 2,700 per sq m; total PDE ~RMB 2,800 mil. • Investment Rationale – Strong market potential in Wuhan. – Prominent location with good accessibility and high population catchment. – Entrench our presence in Wuhan through leveraging our experienced team.

3 CMA Awarded Prime Site for Shopping Mall in Wuhan *Jan 2013* CapitaMall Wusheng CMA Awarded Prime Site for Shopping Mall in Wuhan *JanProject 2013* Details Site Information

Subject Site

A six-storey shopping mall (from Basement 1 to Level 5), with potential to Overall build two office towers. Junction of Jiefang Avenue (解放大道) and Gutian Second Road (古田二 Location 路).

Site Area ~70,400 sq m

Land Use Tenure 40 years, expiring in 2052

Retail : ~160,000 sq m (66.7% of the entire development) GFA (excluding Car Park) Office : Up to ~80,000 sq m (33.3%) Total : Up to ~240,000 sq m

No. of Car Park Spaces ~2,100

Tender Award Price ~RMB 660 mil (~RMB 2,700 per sq m)

Total PDE ~RMB 2,800 mil (~RMB 12,000 per sq m)

Target to Open 2015

5 CMA Awarded Prime Site for Shopping Mall in Wuhan *Jan 2013* Site Location Photos

6 CMA Awarded Prime Site for Shopping Mall in Wuhan *Jan 2013* CapitaMall Taiyanggong CMA Awarded Prime Site for Shopping InvestmentMall in Wuhan *Jan 2013* Rationale Investment Rationale  Strong Market Potential ◙ Major transportation and commercial hub with a total population close to 10 million. ◙ Positive outlook for Wuhan’s retail scene driven by strong GDP growth and retail sales.  Prominent Location ◙ Excellent frontage along two major roads – Junction of Jiefang Avenue and Gutian Second Road (Jiefang Avenue is an arterial road running through Hankou). ◙ Good Accessibility: . Direct connection to Gutian Second Road metro station on Metro Line 1. . Located 8 km (10-min train ride) from the city centre. ◙ Accessibility will be further enhanced when the sixth Jianghan bridge linking Hankou and Hanyang is completed in 2015. Combined population of the two areas is about 3 million. ◙ Population catchment of about 500,000 people within a 5-km radius.  Leverage on Our Experienced Team ◙ Entrench our presence in Wuhan while leveraging on our team’s established network and experience in Central China.

8 CMA Awarded Prime Site for Shopping Mall in Wuhan *Jan 2013* Wuhan: Major Transportation & Commercial Hub  The capital of Hubei Province and strategically located at the intersection of the and Han River, with a total population close to 10 million.

 Wuhan is Central China’s primary transportation hub: . Located at the intersection of China’s two most important high-speed railways (Beijing-Guangzhou and Shanghai–Wuhan–Chengdu railways). . Improved accessibility to major cities like Beijing and Guangzhou with the launched of the Beijing-Guangzhou rail line in December 2012. . One of the largest inland ports in China.

 Major commercial hub with key players from various industries: . China’s largest production centre for optical-electronic products. . Headquarter for established companies like Dongfeng Motor (third largest car manufacturer in China) and Wuhan Iron & Steel (one of the top steel makers in China).

 Third largest education centre in China with 35 universities (over 1 million students), 736 scientific research institutes and 10 state-level laboratories.

Source: Statistic bureau of various cities 9 CMA Awarded Prime Site for Shopping Mall in Wuhan *Jan 2013* Wuhan Economic Snapshot Economic Fundamentals – Strong Growth, Supports Retail Spending Beijing Shanghai Wuhan 16.0%

14.0%

12.50% 12.0%

10.0% Growth (%) Growth 8.20%

8.0% GDP 8.10%

6.0%

4.0% 2007 2008 2009 2010 2011  Over last 5 years, Wuhan’s GDP growth on average was 14.3% p.a., above the 10.4% p.a. registered by Beijing and Shanghai.

 High growth city, Wuhan’s GDP growth in 2011 was 12.5% versus 9.2% for whole China.

 Per capita urban disposable income reached RMB 23,738 in 2011, an increase of 14.1% over the previous year.

 Retail sales of consumer goods was RMB 300 billion in 2011, an increase of 18.0% over 2010. Growing faster than Shanghai (12.3%) and Beijing (10.8%).

Source: Statistical bureau of various cities 10 CMA Awarded Prime Site for Shopping Mall in Wuhan *Jan 2013* Good Connectivity

Hankou

Site is 8 km (about 10-min train ride) to city centre

Subject Metro Line 1 Site Gutian Second Road Metro Station Han River

Sixth Jianghan bridge to be completed in 2015

Hanyang

11 CMA Awarded Prime Site for Shopping Mall in Wuhan *Jan 2013* High & Growing Population Catchment

Dongxihu Residential Area ~ 80,000 people within 1-km Wujiashan radius Residential Area Jianghan Economic Development Zone Metro Line 1

Gutian 1KM Residential Area ~ 500,000 people within 5-km radius

Hanyang Industrial Park Hanyang Residential Area

12 CMA Awarded Prime Site for Shopping Mall in Wuhan *Jan 2013* Entrench Our Presence in Wuhan

4 Malls in Wuhan:

Hankou 1 CapitaMall Wusheng rd 1 3 Ring Road (operating) Metro Line 1

2 CapitaMall Minzhongleyuan (operating) Metro

CapitaMall 1818 Distance to CapitaMall 3 2 3 Wusheng: 8 km 1 (under development) 3 Hanyang Wuchang Subject Site

Metro Metro Line 6

13 CMA Awarded Prime Site for Shopping Mall in Wuhan *Jan 2013* CapitaMall14 Minzhongleyuan CMA Awarded Prime Site for Shopping Mall in Wuhan *Jan 2013*Appendix Companies Present in Wuhan

International Companies Well-known Local Companies

15 CMA Awarded Prime Site for Shopping Mall in Wuhan *Jan 2013* Wuhan’s Metro Lines  3 hours to Guangzhou  4 hours to Beijing  Metro lines 1 and 2 are in operation  For the next 5 years, another five metro lines will be opened

Metro Line 1

Metro Line 2

Metro Line 3

Metro Line 4

Metro Line 6

Metro Line 7

Metro Line 8 Subject Site

Source: Jones Lang LaSalle (Real Estate Intelligence Service), 1Q12

16 CMA Awarded Prime Site for Shopping Mall in Wuhan *Jan 2013* Thank You

For enquiries from analysts & investors, For enquiries from Hong Kong/China analysts please contact: & investors, please contact: Leng Tong Yan Feng Xiu Investor Relations Investor Relations Tel: (65) 6536 1188 Tel: (86) 10-5879 9041 Email: [email protected] Email: [email protected]

17 CMA Awarded Prime Site for Shopping Mall in Wuhan *Jan 2013*