The Singapore Exchange Securities Trading Limited, Kong Exchanges and Clearing Limited and The Stock Exchange of 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 1 November 2012.

BY ORDER OF THE BOARD CapitaMalls Asia Limited Choo Wei-Pin Company Secretary

Hong Kong, 1 November 2012

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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Company Registration No. 200413169H

Announcement submitted on behalf CAPITAMALLS ASIA LIMITED of

Announcement is submitted with CAPITAMALLS ASIA LIMITED respect to *

Announcement is submitted by * Choo Wei-Pin

Designation * Company Secretary

Date & Time of Broadcast 01-Nov-2012 07:14:58

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https://www1.sgxnet.sgx.com/sgxnet/LCAnncSubmission.nsf/vwprint/329A92019EF1... 01-Nov-12 CapitaMalls Asia Limited

Asia’s Leading Mall Developer, Owner and Manager

Singapore • • Malaysia • Japan • India Presentation to media & analysts

Presentation2 November to media and analysts 2012 *Nov 2012*

Contents

. CapitaMalls Asia Overview and China Strategy - Corporate Overview and Strengths - China Presence and Business Strategy

. West China Region - Overview - - Operating Malls in West Region - New Projects in West Region

. Region - Overview - - Operating Malls in North Region - New Projects in North Region

1 Presentation to media and analysts *Nov 2012* CMAPresentation Overview to media and analysts *Nov and 2012* China Strategy Corporate Overview and Strengths

3 Presentation to media and analysts *Nov 2012* Overview of CapitaMalls Asia

Asia’s Leading Mall Developer, Owner and Manager . CapitaMalls Asia Ltd. (“CMA”) is one of the largest listed shopping mall developers, owners and managers in Asia by total property value of assets and by geographic reach . Listed on SGX and HKEx, total market capitalisation of about S$7.0 billion (HK$44.2 billion)1 . 1012 shopping malls with a total property value3 of approximately S$30.7 billion (HK$193.8 billion)2 as at 30 September 2012

ION Orchard, Hongkou Plaza, Queensbay Mall Vivit Square The Celebration Mall Singapore China Penang, Malaysia Tokyo, Japan Udaipur, India

Notes (1) As at 30 October 2012 (2) Excludes CMA’s interest in Horizon Realty Fund, which CMA does not manage. (3) 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)

4 Presentation to media and analysts *Nov 2012* Extensive and Strong Portfolio of Malls in Asia

Total GFA: Approximately 92.4 million1 sq ft

Eniwa Huhhot Chitose Beijing Japan China Kobe Tokyo, Funabashi Osaka Xi’an , Kunshan, Shanghai, , Chengdu Jalandhar Quanzhou India , Udaipur 5 countries Nagpur 52 cities Hyderabad Bangalore Mangalore Malaysia 101 malls Mysore > 3,500 staff Cochin Penang Kuantan Kuala Lumpur One Unique Integrated Selangor Shopping Mall Business Singapore Notes (1) As at 30 September 2012

5 Presentation to media and analysts *Nov 2012* From 5 Malls in 2002 to 101 Malls Today

Proven track record since 2002

29.4 30.7

21.9 19.4 20.4 13.3 11.3 5.2 Property valuation 2.7 3.1 on a 100% basis 1.8 (in S$ billion) Dec-02 Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Sep-12

Properties 5 10 10 24 55 78 96 86 91 101

Milestones CMT CRCT CMA CMMT CMA listing listing listing listing HK listing

Employees 182 659 > 3,500

6 Presentation to media and analysts *Nov 2012* CMA’s Real Estate Value Chain

Integrated Retail Business with End to End Capabilities Value chain integration to extract value

1 Sourcing 2 Development 3 Mall management 4 Capital management  Ability to source  Comprehensive  Proven track record in  “Know-how” in deploying land bank and development extracting value through capital to enhance investment capabilities asset enhancement productivity opportunities initiatives  Experience in  Experience in creating  On the ground developing a  Ability to fill up malls rapidly and managing private professionals variety of malls through lease network and funds and listed REITs focused in both catering to a bring in shoppers to shop land and project diverse tenant and through branding and acquisition customer base marketing activities

 Innovative information technologies for efficient mall management and tenant intelligence

Proven Deep Proven Ability to sourcing development operational deploy capital capabilities capabilities expertise efficiently

7 Presentation to media and analysts *Nov 2012* 1 Strong Sourcing Network and Capabilities China Acquisitions in 2010, 2011 and 2012:

Shanghai

CapitaMall Tiangongyuan, Beijing

Designs for projects under development may be subject to change.

8 Presentation to media and analysts *Nov 2012* 2 Industry-Leading Network of >10,000 Leases

Strong relationship with a wide profile of retailers including home-grown chains and international brands

9 Presentation to media and analysts *Nov 2012* 2 Highlights of New Retailers in Our Malls

Attracting New Retailers Through Our International Leasing Network

In Shanghai In Shanghai In Shanghai In Shanghai

In Beijing In In Singapore Singapore

In In Penang In Penang Singapore

10 Presentation to media and analysts *Nov 2012* 3 Partnering Our Retailers to Grow and Regionalise

• Tenant engagement programme to add value to retailers’ business • Seminars and workshops conducted by industry experts

11 Presentation to media and analysts *Nov 2012* 4 REITS and Private Funds Established/Managed

REITS (Total market capitalisation of ~S$9.3 bil*) CapitaMall Trust Singapore's first and largest listed REIT

CapitaRetail China Trust Singapore's first REIT focused on retail properties in China

CapitaMalls Malaysia Trust “Pure-play" shopping mall REIT in Malaysia

Private Funds (Total funds under management: S$5.1 bil**) CapitaMalls China Invests primarily in retail property developments in various parts of China Income Fund CapitaMalls China Invests primarily in retail property developments in various parts of China Development Fund II CapitaMalls China Invests in the development of shopping malls and properties Development Fund III predominantly used for retail purposes in China CapitaMalls China Invests in retail properties in various parts of China with the long-term Incubator Fund potential to generate income after repositioning, AEIs or leasing activities CapitaMalls Japan Fund Invests in income-producing retail investment properties in Japan Pte. Ltd. CapitaMalls India Invests primarily in retail property developments in various parts of India Development Fund

* Market cap as of 12 Oct 2012; exchange rate of MYR 1 = S$0.40072 * * Based on Aug-12 exchange rates of: US$ 1 = S$ 1.25264 and US$ 1 = JPY 78.58546

12 Presentation to media and analysts *Nov 2012* China Presence and Business Strategy

13 Presentation to media and analysts *Nov 2012* CapitaMalls Asia’s Presence in China Leverage on Group Presence Since 1994

Strong Understanding of China Retail Real Estate Market

Over 15 Years of experience

Raffles City Shanghai

Minhang Plaza, Shanghai, China Hongkou Plaza, Shanghai, China

14 Presentation to media and analysts *Nov 2012* Malls are Strategically Located in Large Population Catchment Areas

One-stop shopping, dining and entertainment destinations within sizeable population catchment areas Well-positioned and accessible via major transportation routes

Raffles City Beijing CapitaMall Jinniu, Chengdu CapitaMall Dongguan

CapitaMall Saihan, Huhhot CapitaMall Yuhuating, Changsha CapitaMall Qibao, Shanghai

15 Presentation to media and analysts *Nov 2012* Deepen into Key Cities with Economies of Scale 59 shopping malls in 36 cities across China, of which 48 are operational

6 Regional Offices . North . Northeast . East . Central . West (9) . South

Suzhou

Locations of CMA offices Existing CMA malls

16 Presentation to media and analysts *Nov 2012* China Fundamentals Remain Strong Strong Potential for Shopping Mall Sector in China, especially in Tier 2 and 3 cities

1 Increasing Urbanisation – 2 Retailers Continue to Enjoy Strong Sales Projected to reach 61.9% in 2030 18,123 RMB Bil 15,700 58.6% 61.9% 55.0% 51.1% 13,268 47.0% 42.5% 10,849 35.8% 8,921 30.9% 7,641 6,718 5,950

2004 2005 2006 2007 2008 2009 2010 2011 1995 2000 2005 2010 2015 2020 2025 2030 Source: National Bureau of Statistics of China Source: United Nations

3 Rising Disposable Income per Capita (RMB) Creating Stimulus for Consumption

21,810 RMB 19,109 17,175 15,781 13,786 11,759 10,493 9,422

2004 2005 2006 2007 2008 2009 2010 2011

Source: National Bureau of Statistics of China

17 Presentation to media and analysts *Nov 2012* Income & Consumption in China’s Tier 2 & 3 Cities Catching Up

Year 1980s – 2007 2008 – Moving Forward SMEs built their plants in the Industries are moving inland as coastal coastal region (E.g. Foxconn, regions become more expensive and crowded Intel, Hewlett-Packard, IBM)

Workers travelled to coastal Suppliers (both upstream & downstream) are cities for work also moving inland to be closer Following that, workers are moving back to their hometown/cities to work

Beijing Tianjin

CMA’s tenant sales per sq m Anyang Mall Xinxiang Zhengzhou (excl tier 1 cities) witnessed an Zhengzhou Shanghai increase of 14.2% in YTD Sep Mianyang Chengdu Wuhan 2012 Chengdu Chongqing Yibin Changsha

Inland Plants Foshan Coastal Cities

18 Presentation to media and analysts *Nov 2012* CMA China Malls’ Overall Performance

Jan-Sept 2012 Performance1 Shopper traffic +9.4% (y-o-y) Tenant sales (per sqm) +10.7% ( +14.2% excl Tier 1 cities) (y-o-y) Same mall NPI growth +18.4% (y-o-y) Annualised NPI yield on cost 7.6% Annualised gross yield on cost 12.6% Committed occupancy rate 96.9%2

Note: (1) The above figures are on a 100% basis, where the NPI yield and occupancy of each mall are taken in their entirety regardless of CMA’s interest. This analysis takes into account all malls that were opened prior to 1 Jan 2011. (2) Excluding CRCT, committed occupancy is 96.6%

19 Presentation to media and analysts *Nov 2012* Strong Growth in NPI Yields of Operational Malls

100% Basis Year of Annualised NPI Yield Yield Tenant Sales (psm) Opening on Cost (%) Improvement Growth1 YTD Sep YTD Sep YTD Sep 2012 YTD Sep 2012 2012 2011 vs. YTD Sep 2011 vs. YTD Sep 2011

20052 5.2 4.7 11% 7.1% 20063 9.0 8.0 13% 10.0% 2007 9.5 8.1 17% 5.2% 2008 7.0 4.9 43% 10.7% 2009 6.9 5.8 19% 15.2% 2010 3.4 1.8 81% 29.5%

Note: annualised yields may not be representative of the full-year actual performance (1) Tenant sales are based on a same-mall basis (100%) and excludes sales from supermarkets and department stores. (2) Excludes Raffles City Shanghai. (3) Excludes malls under or previously under master lease namely CapitaMall Shuangjing, CapitaMall Anzhen, CapitaMall Erqi and CapitaMall Saihan.

20 Presentation to media and analysts *Nov 2012* CapitaMall21 Jinniu, Chengdu, China Presentation to media and analysts *NovWest 2012* China Region Geographic Distribution of West Region Malls

Map of China No. of Shopping Malls1 (include 5 under development and 2 with phase II extensions) 12 No. of Cities 6 Xian (Population: 8.5 mil) Mianyang Total GFA (sq m) (Population: 4.6 mil) (100% basis) Deyang (Population: 3.9 mil) Chengdu 1.9 million (Population: 14.1 mil) Chongqing (Population: 29.2 mil) 2 Yibin Total Property Value (Population: 5.4 mil) (100% basis) RMB10.9 billion

Notes: (1) As at 30 September 2012. (2) Total Property Value excludes Raffles City Chongqing. 22 Presentation to media and analysts *Nov 2012* Chengdu

23 Presentation to media and analysts *Nov 2012* Facts of Chengdu

• Chengdu is the capital of Province and the most important economic, transportation and cultural hub in − Centre of higher education and scientific research with well-known universities and institutions, eg. Sichuan University, Southwest Jiaotong University and University of Electronic Science and Technology of China − Named as one of the 13 emerging , or in China (Source: Jul 2012, Economist Intelligence Unit)

• Chengdu is also rich in history and culture, as well as a gateway to scenic spots − Famous tourist spots: Jiuzhaigou scenic area, the Buddhist mountains of Emei Shan and Le Shan, Wolong National Reserve and Chengdu Panda Breeding and Research Centre − Birthplace of the first widely used paper money in the world

24 Presentation to media and analysts *Nov 2012* Excellent Connectivity Around the World Extensive Transportation Network that Enhances Chengdu’s Accessibility

• 5th busiest airport in China & handled 29 million passengers in 2011 (12.6% increase from 2010) • Flights to 92 domestic and 19 international destinations, including Amsterdam, New Delhi, Bangalore, Chengdu Shuangliu International Mumbai, Singapore, Hong Kong, Airport Macao, Tokyo, Seoul, etc.

Air

Highway Railway Chengdu Highway High-speed Railway • 3 national highways that links Sichuan • High-speed railway: Province to Province, Tibet and Metro − Chengdu-Dujiangyan high speed railway Yunnan Province (completed) − Shanghai–Wuhan–Chengdu high speed • 8 expressways to Chongqing, Mianyang, railway (2013) , Ya’an, and Dujiangyan − Chengdu-Chongqing high speed railway (2014) Source: Chengdu Shuangliu International − Xian-Chengdu high speed railway (2014) Airport, Chengdu Metro. • Existing subway lines 1 & 2 • Planning subway lines 3 – 7 to be operational by 2017 25 Presentation to media and analysts *Nov 2012* • Expected to carry 13.1 million passengers per day by 2020

Chengdu Economic Indicators

2011 Economic Indicators Growth Value (%, y-o-y) Gross Domestic Product (RMB billion) 685.5 15.2% - Primary industry (RMB billion) 32.7 3.7% - Secondary industry (RMB billion) 314.4 19.8% - Tertiary industry (RMB billion) 338.3 12.4% Per Capita GDP (RMB) 48,755 0.5% Value-added Industrial Output • Provincial Capital of Sichuan 206.3 20.5% (RM billion) (Year 2010) • Economic & Cultural Hub of West China Fixed-assets Investment (RMB billion) 500.6 19.2% • Land Area: 12,128 km2 • Population: 14.07 million (Year 2011) Retail Sales (RMB billion) 286.1 18.4%

Inflation (Consumer Price Index, %) 105.4 5.4% Exports (US$ million) 22,960 65.5% Imports (US$ million) 14,950 39.0% Utilized FDI (US$ million) 6,550 34.9%

Source: Chengdu Bureau of Statistics. Note: All GDP growth rates are in real terms

26 Presentation to media and analysts *Nov 2012* Chengdu Population Growth

14.50 10.0%

9.0% 14.00 8.0%

7.0% 13.50 6.0%

13.00 5.0%

million 4.0% 12.50 3.0%

2.0% 12.00 1.0%

11.50 0.0% 2007 2008 2009 2010 2011 Population (m) 12.53 12.71 12.87 14.05 14.07 % Growth - 1.4% 1.3% 9.2% 0.2%

Source: Chengdu Bureau of Statistics Note: Total population includes long-stay residents

27 Presentation to media and analysts *Nov 2012* Chengdu: One of China’s Fastest Growing Cities

Average GDP growth of 19.3%, above China’s average of 9.2%

GDP Per Capita GDP 300% 250%

250% 200%

200%

150% 150%

100% 100% 2005 2006 2007 2008 2009 2010 2011 2005 2006 2007 2008 2009 2010 2011

RMB bil 2005 2006 2007 2008 2009 2010 2011 RMB 2005 2006 2007 2008 2009 2010 2011

Beijing Beijing 689 772 901 1,049 1,187 1,378 1,600 45,993 52,054 61,274 66,797 70,452 75,943 80,394

Shanghai Shanghai 914 1,030 1,200 1,370 1,505 1,717 1,920 49,649 54,858 62,041 66,932 69,164 76,074 82,560

Chengdu Chengdu 238 277 332 394 450 555 685 19,670 22,445 26,849 31,203 35,215 48,510 48,755

Source: Statistical bureau of various cities

28 Presentation to media and analysts *Nov 2012* Chengdu GDP Composition

Approximately 50% of the City’s GDP is Tertiary-Based

60.0%

50.0%

40.0%

30.0%

20.0%

10.0%

0.0% 2005 2006 2007 2008 2009 2010 2011 Primary 7.5% 7.0% 7.0% 6.6% 5.9% 5.1% 4.8% Secondary 41.4% 42.3% 42.9% 44.0% 44.5% 44.7% 45.8% Tertiary 51.1% 50.7% 50.1% 49.4% 49.6% 50.2% 49.4%

Source: Chengdu Bureau of Statistics Note: All growth rates are in real terms. Primary Industry refers to Agriculture. Secondary refers to Manufacturing & Construction. Tertiary refers to Services. 29 Presentation to media and analysts *Nov 2012* Key Industries in Chengdu in 2011 Electronics & IT Industry • One of the 1st service outsourcing bases and a major software industry base Telecom, IT & • 1st telecom R&D centre was set up in 1996 by Software an Indian company, Primetel Others Industry 26.1% 20.1% • Global players in Chengdu: Intel, IBM, Cisco, Nokia, Motorola, Siemens, HP, Microsoft etc. Pharmaceutical Industry • Key outsourcing enterprises in Chengdu: 4.7% Accenture, IBM, Wipro

Machinery Industry • Known for aircraft assembly, manufacturing of construction machinery, motor vehicles and motor vehicle parts Food & • Large machinery manufacturers: Chengdu Beverage and Tabacco Aircraft Industrial (Group) Co. Ltd, Sichuan Recreational Vehicle Manufacturers Co. Ltd., Building Industry 15.4% and Chengdu Ningjing Machine Tools Group Co. Materials and Petrochemical Machinery Ltd. etc Metal Industry Industry (including 9.1% 6.9% cars) Industry Financial Industry 17.7% • Successfully attracted major international financial institutions, including Citigroup, HSBC, JP Morgan Chase etc. • China’s central bank, People’s Bank of China and other domestic banks and securities Source: Chengdu Bureau of Statistics brokerage firms also set there Southwest HQ in Chengdu

30 Presentation to media and analysts *Nov 2012* Chengdu: One of China’s Fastest Growing Cities

Stronger Disposable Income Per Capita & Retail Sales Growth

Disposable Income Per Capita Retail Sales

220% 300%

200% 250% 180%

160% 200%

140% 150% 120%

100% 100% 2005 2006 2007 2008 2009 2010 2011 2005 2006 2007 2008 2009 2010 2011

RMB 2005 2006 2007 2008 2009 2010 2011 RMB bil 2005 2006 2007 2008 2009 2010 2011

Beijing Beijing 17,653 19,978 21,989 24,725 26,738 29,073 32,903 291 330 384 465 531 623 690

Shanghai Shanghai 18,645 20.668 23,623 26,675 28,838 31,838 36,230 298 338 387 458 517 607 678

Chengdu Chengdu 11,359 12,789 14,849 16,943 18,659 20,836 23,932 101 116 136 162 205 242 286

Source: Statistical bureau of various cities

31 Presentation to media and analysts *Nov 2012* Chengdu Major Micro-Markets

Major Office Areas 1. CBD 2. South Renmin Road

1 金牛 Jinniu Major Retail Areas 3. Chunxi Road 4. Yanshikou 2 沙湾 Shawan Major Luxury Residential Areas 5. Qingshuihe-Shuangnan 6. Zijing 7. Dongdajie-Wangjiang 8. South New City 9. Jianshe Road

魅力城 Meilicheng Major Industrial Areas 10. Chengdu HIDZ1 3 来福士 Raffles City 5 (West Park) 11. Chengdu HIDZ1 (South Park) 12. Chengdu ETDZ2 4 天府 Tianfu CMA Projects in Chengdu

Source: CBRE Notes: (1) Refers to High-tech Industrial Development Zone. (2) Refers to Economic & Technological Development Zone. 32 Presentation to media and analysts *Nov 2012* Chengdu Retail Supply and Retail Space Per Capita

1,400,000 1 1,300,000 0.9 1,200,000

1,100,000 0.8 1,000,000 0.7 900,000 800,000 0.6 700,000 0.5 600,000 0.4 500,000 400,000 0.3 Retail GFA (sq m) GFA Retail 300,000 0.2 200,000 Capita per Space Retail 100,000 0.1 0 0

Total Departmental Store Supply Total Shopping Mall Supply Retail Space Per Capita

Source: Chengdu Bureau of Statistics and Jones Lang LaSalle and Cushman & Wakefield Note: Population includes long-stay residents and population growth from 2012 to beyond 2014 is based on a 2.2% increase per annum.

33 Presentation to media and analysts *Nov 2012* Comparison of Retail Space per Capita Chengdu Retail Space per Capita still lower despite Upcoming Supply

1.20

1.00

0.80

0.60 1.01

0.40 0.18 0.10 0.20 Forecasted Supply 0.20 0.31 0.28 0.17 0.00 Singapore Shanghai Beijing Chengdu

Source: Statistical bureau of various cities and Jones Lang LaSalle Note: (1) Total population as at 2011, including long-stay residents. (2) Existing retail supply as at 2Q 2011 and forecast retail supply is up to 2016 for Shanghai and Beijing and 2017 for Chengdu.

34 Presentation to media and analysts *Nov 2012* Operating Malls in West Region

35 Presentation to media and analysts *Nov 2012* Case Study: Opening of CapitaMall Jinniu

Challenges faced in the first 2 years due to entry into new market

Occupancy Net Property Income Yield1 Capital Value (RMB’ million)

100% 100% Opened 455 99% 8.7% 415 in Sep 394 363 364 2006 7.1% 95% 5.3% 92% 2.4% 2.7%

2007 2008 2009 2010 2011 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011

Note: Refers to net property income yield on cost. 36 Presentation to media and analysts *Nov 2012* We Persevered & Grew Our Business

Shopper Traffic (‘000) Tenants’ Sales per sq m1 (RMB)

CAGR: 15.3% p.a. CAGR: 17.2% p.a. 16,606 16,270 1,033 14,998 884 11,372 752 9,213

2007 2008 2009 2010 2011 2009 2010 2011

Note: Excludes supermarket GTO sales. 37 Presentation to media and analysts *Nov 2012* Work Started on CapitaMall Jinniu Phase 2

Phase 2 has a GFA (excluding car park) of approx. 94,000 sq m, to be opened in 2013

Phase 2 Phase 1

38 Presentation to media and analysts *Nov 2012* CapitaMall Jinniu Positioning Largest One-Stop Shopping Mall in Jinniu District Positioned as a Mid-High End Mall with a Target Catchment of approx. 800,000 population (5 km radius)

• Existing Tenants in Jinniu Phase 1:

• Potential Prospects for Jinniu Phase 2:

39 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Jinniu Phase I

Opening Date: September 2006

Location: Jinniu district in Chengdu’s northwest, amidst government buildings, high-end residences and reputable schools GFA (excluding ~57,800 sq m car park) NLA ~48,400 sq m

No. of Floors 5 (including 1 basement)

No. of Car park 390 spaces Key retailers: Walmart, KFC, Pizza Hut, Watsons, CSC,Vero Moda, DQ, New Dynamic Institute, Highwave Sports, Belle, Basic House, Mind Bridge, I’M DAVID CapitaMall Jinniu, Chengdu (Phase I)

40 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Jinniu Phase II

Opening Date: 2013

Location: Jinniu district in Chengdu’s northwest, amidst government buildings, high-end residences and reputable schools GRA (excluding ~94,000 sq m car park) No. of Floors 6 (including 1 basement)

No. of Car park 819 spaces

CapitaMall Jinniu, Chengdu (Phase II)

41 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Shawan

Opening date September 2009 Location Within Shawan’s economic centre and the city’s Second Ring Road GFA (excluding ~38,600 sq m car park) NLA ~26,700 sq m No. of floors 5 (including 1 basement) No. of car park 268 spaces Key retailers Century Mart Supermarket, Zi Jin Cinema, Starbucks, KFC, Mannings, Ajisen Ramen, Highwave Sports, Jack & Jones, Vero Moda, Only

42 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Shapingba

Opening date: April 2008 Location: At the core of Chongqing commercial district and opposite Chongqing’s North train station GFA (excluding ~41,900 sq m car park) NLA ~26,900 sq m No. of floors 7 (including 2 basements) Key retailers Sephora, Haagen Dazs, Yonghui Supermarket, Guess, Pizza Hut, KFC, Watsons, Esprit, Cache Cache, Adidas, Lee, Vero Moda, Jack Jones, G200, Baby Fox

43 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Jiulongpo

Opening date June 2005 Location Jiulongpo district’s Yangjiaping pedestrian street and commercial centre, opposite government building and zoo

GFA (excluding ~43,200 sq m car park) NLA ~38,900 sq m No. of floors 6 (including 1 basement) No. of car park 213 spaces: Key retailers: Walmart, China Film Antaeus International Cineplex, KFC, Ajisen Ramen, CSC, Watsons, Vero Moda, Daphne

44 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Deyang

Opening date August 2009 GFA (excluding car ~44,100 sq m park) NLA ~30,400 sq m No. of floors 3 floors (L1 – L3) No. of car park 394 spaces Key retailers Walmart, KFC, Ajisen Ramen, Watsons, Sony, Apple, Samsung, Vero Moda, Only, Belle

45 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Fucheng

Phase I Phase II Opening date February 2007 2013

GFA (excluding ~46,800 sq m ~42,100 sq m car park) NLA ~34,500 sq m – No. of floors 7 floors (B1 – 9 floors (B3 – L6) L6) No. of car park 226 385 spaces Key retailers Walmart, Only, – Ajisen Ramen, Watsons, Jack & Jones, KFC

46 Presentation to media and analysts *Nov 2012* Key Statistics: Raffles City Chengdu Newly Opened Integrated Landmark Development Comprising 2 Grade A Office Buildings, Luxury Residences, Service Apartments, Hotel, Shopping Mall and Entertainment

Opening date September 2012 Location Heart of city centre along Renmin South Road and seamlessly connected to subway lines 1 & 3 linking to the New South Area and easily accessible to the airport GFA (excluding ~244,000 sq m car park) No. of car park 370 spaces

Note: Retail GFA is approx. 84,000 sq m Office GFA is approx. 73,000 sq m Hotel & Serviced Residence is approx. 54,000 sq m Residential GFA is approx. 30,000 sq m Other GFA is approx. 3,000 sq m. (All GFA figures excluding car park)

47 Presentation to media and analysts *Nov 2012* New Projects in West Region

48 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Xindicheng

Opening date November 2012

Location Yanta district’s South Second Ring Road. Easily accessible from downtown Xian and connected to important commercial centres – Xiao Zhai and Hi-Tech Zone GFA (excluding ~151,500 sq m car park) No. of car park 450 spaces Key retailers Vanguard Supermarket, Lumière Pavilions, Muji, CK Jeans, Burberry Perfume, Applestore, Nike, Adidas, Watsons, Pacific Coffee, Tissot, Paul Frank

49 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Meilicheng

Undergoing Active Marketing

Opening date 2013

Location Chenghua district and in close proximity to subway lines 2, 4 & 7 and easily accessible to high-speed rail hub and airport GFA (excluding ~59,300 sq m car park) No. of floors 5 (including 1 basement)

No. of car park 302 spaces Key retailers Cinema and Supermarket

50 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Tianfu

WOHA-Designed Landmark Integrated Development Comprising Retail, Office and Residential

Opening date: 2013

Location: Gaoxin district at the core of the upcoming South Business District, north of South 3rd Ring Road. Seamlessly connected to metro station that serves subway lines 1 & 7 GFA (excluding ~197,000 sq m car park)1 No. of floors 7 (including 1 basement)

No. of car park 1,348 spaces

Note: Retail GFA is approx. 142,000 sq m Office GFA is approx. 21,000 sq m Residential GFA is approx. 35,000 sq m

51 Presentation to media and analysts *Nov 2012* Key Statistics: Raffles City Chongqing

Landmark Integrated Development Comprising Retail, Office and Residential

Opening date 2017

Location Heart of Yuzhong district where government and international offices are located. Situated between Chao Tian Men Square and traditional CDB of Jie Fang Bei GFA (excluding ~817,000 sq m car park)

52 Presentation to media and analysts *Nov 2012* Raffles City Beijing, Beijing, China Presentation to media and analysts *NovNorth 2012* China Region Geographic Distribution of North Region Malls

Map of China No. of Shopping Malls1 (include 1 under development) 11

No. of Cities 3

Total GFA (sq m) (100% basis) 0.8 million

Beijing Total Property Value2 Huhhot (100% basis) (Population: 20.2 mil) Tianjin (Population: 2.9 mil) (Population: 13.5 mil) RMB14.0 billion

Notes: (1) As at 30 September 2012. (2) Total Property Value as at 30 Jun 2012 and includes CapitaMall Tiangongyuan. 54 Presentation to media and analysts *Nov 2012* Beijing

55 Presentation to media and analysts *Nov 2012* Facts of Beijing

• The capital of China • The political and cultural centre • The largest retail market • Highly educated workforce and large graduate population

• Key Statistics:

Total population .20.2 million

Disposable Income RMB 32,903 Per Capita

Total retail sales RMB 690 billion for 2011:

56 Presentation to media and analysts *Nov 2012* Beijing Economic Snapshot

• Economic Fundamentals – strong growth pace at heart of nation – 2011: GDP achieved 8.1% growth, expect strong growth momentum in 2012.

– Per capita GDP reached RMB80,394.

– Per capita urban disposable income reached RMB32,903, an increase of 13.2% over the previous year.

– Retail sales of consumer goods crossed RMB690 billion, ranked 1st in China, ahead of Shanghai.

• Beijing Suburb Development Plan – Background: Beijing had 20m population at end of 2011, one of the most populated cities in the world, driven by the fast-pace economic growth.

– Beijing New Town Development Plan (2007): Channel priority development emphasis to 5 suburban districts (Daxing, Tongzhou, Shunyi, Changping & Fangshan).

– Beijing South Area Development Plan (2009) Accelerate economic development towards southern Beijing, including: (a) investing RMB290 billion in infrastructure, (b) building Daxing MRT line to connect to city centre, (c) endorsing Beijing’s 2nd international airport site in Daxing.

57 Presentation to media and analysts *Nov 2012* Beijing MRT Route Map

58 Presentation to media and analysts *Nov 2012* CMA Presence in Beijing

Beijing city-north relatively congested

Beijing

N

CBD extending Existing Beijing Portfolio 2 6 8 ① CapitaMall Xizhimen ② CapitaMall Wangjing 1 3 ③ Raffles City Beijing 4 5 ④ CapitaMall Crystal 7 ⑤ CapitaMall Cuiwei eastbound ⑥ CapitaMall Anzhen west region hilly relatively - ⑦ CapitaMall Shuangjing ⑧ CapitaMall Taiyanggong

Under development site in Beijing city Beijing Beijing ⑨ CapitaMall Tiangongyuan

9

Beijing Map Beijing city-south being promoted for development emphasis 59 Presentation to media and analysts *Nov 2012* Operating Malls in North Region

60 Presentation to media and analysts *Nov 2012* Case Study: CapitaMall Wangjing, Beijing

CAGR 7% 9.5 7.6 7.9 8.7 Shopper traffic 7.4 (mil)

2007 2008 2009 2010 2011

CAGR 18% 1,573 1,320 Tenant sales psm 805 1,018 1,006 (RMB/sqm/m)

2007 2008 2009 2010 2011

11% 1,506 Valuation 1,193 1,220 1,239 1,362 (RMB mil) 2007 2008 2009 2010 2011

16%

11.4% 9.3% 9.8% Gross NPI yield 8.7% 8.9% Yield (On cost) 16.2%

2007 2008 2009 2010 2011

61 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Wangjing

Opening date August 2006

Location Guangshun North Street , Chaoyang District, Near Metro Line 14 (Under connection construction) / Line 15 GFA (excluding ~68,010 sq m car park) NLA ~55,600 sq m No. of Floors 12 (B1-F11)

No. of Car park 410 spaces Key retailers Beijing Hualian Department Store, Beijing Hualian Supermarket, ZARA, UNIQLO

62 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Crystal

Opening date December 2011

Location Xi Changan Road, Haidian District, Beijing Subway Metro Line 1 connection (basement connection to mall under construction) GFA (excluding ~72,400 sq m car park) NLA ~38,000 sq m No. of Floors 7(B1-L5) No. of Car 293 park spaces Key retailers Beijing Hualian Supermarket, Bona cinema,

63 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Taiyanggong

Opening date July 2012

Location Taiyanggongzhong Road , Chaoyang District, Beijing

Subway Metro connection GFA (excluding ~83,700 sq m car park) NLA ~42,500 sq m No. of Floors 7 (B2-F5)

No. of Car park 783 spaces Key retailers Beijing Hualian Supermarket, Hai Di Lao Hotpot,

64 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Cuiwei

Opening date April 2010

Location Cuiwei Road, Haidian District, Beijing Subway connection Near Metro Line 1 Wanshoulu station (1KM) (1.2KM) GFA (excluding car ~56,100 sq m park) NLA ~35,000 sq m No. of Floors 5 (B1-F4) No. of Car park 416 spaces Key retailers Beijing Hualian Supermarket, Hai Di Lao Hotpot

65 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Xizhimen

Opening date October 2007

Location Xizhimenwai Road , Xichen District, Beijing

Subway Metro Line 2/4/13 Connection

GFA (excluding ~83,000 sq m car park) NLA ~51,000 sq m No. of Floors 8 (B2-F6) Key retailers Beijing Hualian Supermarket, Watsons, KFC

66 Presentation to media and analysts *Nov 2012* Key Statistics: Raffles City Beijing

Opening date April 2009

Location Dongzhimen South Street, Dongcheng District, Beijing Subway Metro Line 2 Connection GFA (excluding car park) ~111,000 sq m

NLA ~90,300 sq m No of Floors 7 (B2-F5)

No. of Car park 455 spaces Key retailers Beijing Hualian Supermarket, Guess, Han Na Shan BBQ

67 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Anzhen

Opening date July 2005

Location Anzhenxili, Chaoyang District, Beijing GFA (excluding ~43,400 sq m car park) NLA ~43,400 sq m No. of Floors 6 (B1-F5) Key retailers Beijing Hualian Department Store, Beijing Hualian Supermarket

68 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Shuangjing

Opening date March 2004

Location Guangqu Road, Chaoyang District, Beijing

GFA (excluding ~49,500 sq m car park)

NLA ~49,500 sq m No. of Floors 4 (B1-F3)

No. of Car park 334 spaces Key retailers Carrefour, B&Q

69 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall TianjinOne

Opening date December 2008

Location Nan Bei Avenue， Hexi District,Tianjin

GFA (excluding ~59,300 sq m car park) NLA ~40,700 sq m No. of Floors 5 (B1-F4)

No. of Car park 436 spaces Key retailers e-mart supermarket, Xing Mei Cinema

70 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Saihan

Opening date September 2008

Location Ordos Street, SaihanDistrict, GFA (excluding ~41,900 sq m car park) NLA ~29,700 sq m No. of Floors 4 (F1-F4)

No. of Car park 45 spaces Key retailers Beijing Hualian Supermarket, Jinyi Cinema, KFC

71 Presentation to media and analysts *Nov 2012* New Projects in North Region

72 Presentation to media and analysts *Nov 2012* Key Statistics: CapitaMall Tiangongyuan

Opening date Target 2015

Location Northwest exit of Tiangongyuan Station, Xinyuan Avenue, , Beijing

Subway Daxing Subway Line connection GFA (excluding car ~122,000 sq m park) No. of Floors 7 (B1 - F6) No. of Car park 1,500 spaces Future 15km to future 2nd airport Development Year of use : 2017

73 Presentation to media and analysts *Nov 2012* Thank you

Presentation to media and analysts *Nov 2012*