MAPLETREE ANNUAL REPORT 38. INDUSTRIAL TRUST 2015/2016 STRATEGIC DIRECTION | PEOPLE | PORTFOLIO | GOVERNANCE | FINANCIAL STATEMENTS AND ADDITIONAL INFORMATION 39.

PROPERTY PORTFOLIO

FLATTED FACTORIES KEY STATISTICS (AS AT 31 MARCH 2016) Flatted Factories comprise high-rise multi-tenanted buildings. Standard units NUMBER OF GROSS FLOOR PROPERTIES AREA range from 1,000 sq ft to 10,000 sq ft, sharing naturally ventilated corridors 57 10,734,350 and lift lobbies. Other common facilities (GROUPED INTO 24 CLUSTERS) SQ FT include car parks, loading/unloading areas and cargo lifts. Selected Flatted Factories enjoy amenity centres located NET LETTABLE NUMBER OF within the cluster. AREA TENANTS

Many of MIT’s Flatted Factories are 7,685,736 1,794 SQ FT TENANTS located near established housing estates, providing tenants access to a ready labour pool and the convenience of GROSS REVENUE OCCUPANCY shops and services. Most of the Flatted (FOR FY15/16) (FOR FY15/16) Factories are also well-connected to major roads, expressways and Mass S$161.7 94.6 Rapid Transit system, offering convenient MILLION % access for tenants. VALUATION % OF PORTFOLIO (BY VALUATION) S$1,566.4 44.0 MILLION % Flatted Factory,

TOP FIVE TENANTS IN FLATTED FACTORIES

% of Portfolio Gross Monthly Property/ Rental Income Cluster Tenant (As at No Tenant Name Trade Sector 31 March 2016) 1 HGST Kaki Bukit Computer, 1.8% Electronic and Pte. Ltd. Optical Products 11.8% 43.0% 2 Semiconductor Precision 0.5% Technologies Basin 6 Engineering, 26.7% & Instruments Electrical, Pte Ltd Machinery and Transportation TENANT Products BUSINESS SECTOR (BY GROSS RENTAL INCOME) 3 Blackmagic Kolam Computer, 0.5% Design Ayer 5 Electronic and Manufacturing Optical Products Pte. Ltd.

4 Inzign Pte Ltd Kallang Printing, Recorded 0.3% 12.2% 6.3% Basin 3 Media and and Kallang Essential Products Basin 4 • MANUFACTURING INFORMATION AND COMMUNICATIONS • 5 ICM Pharma Kallang General Wholesale 0.3% FINANCIAL AND BUSINESS SERVICES • Pte. Ltd. Basin 4 Trade and Services Flatted Factory, 2 • WHOLESALE AND RETAIL TRADE • OTHER TRADE SECTORS MAPLETREE ANNUAL REPORT 40. INDUSTRIAL TRUST 2015/2016 STRATEGIC DIRECTION | PEOPLE | PORTFOLIO | GOVERNANCE | FINANCIAL STATEMENTS AND ADDITIONAL INFORMATION 41.

PROPERTY PORTFOLIO

FLATTED FACTORIES DETAILED PROPERTY INFORMATION

Purchase Valuation as at Valuation as at Gross Revenue Average Occupancy Description Acquisition Term of Remaining GFA NLA 2 Price 3 31/03/2015 31/03/2016 for FY15/16 Rate for FY15/16 of Property Date Lease1 Term of Lease1 Location (sq ft) (sq ft) S$’000 S$’000 S$’000 S$’000 % Lane 26/08/2011 60 years 55 years 510, 512 & 514 Chai Chee Lane 973,647 789,151 133,300 146,700 147,600 12,754 94.0 Singapore North 01/07/2008 60 years 52 years 11 Changi North Street 1 121,278 73,553 18,200 20,600 20,600 1,949 85.0 Singapore Clementi West 01/07/2008 30 years 22 years 1 Clementi Loop 251,038 212,740 22,200 35,000 36,700 4,575 96.2 Singapore Kaki Bukit 01/07/2008 60 years 52 years 2, 4, 6, 8 & 10 Kaki Bukit Avenue 1 1,341,959 960,155 147,600 195,000 198,500 18,611 95.9 Singapore 1 26/08/2011 20 years 15 years 5 & 7 Kallang Place 190,663 133,343 23,200 21,300 20,500 2,908 96.9 Singapore Kallang Basin 2 26/08/2011 20 years 15 years 9 & 11 Kallang Place 366,234 251,417 44,500 40,400 38,500 5,086 92.0 Singapore Kallang Basin 3 26/08/2011 30 years 25 years 16 Kallang Place 509,081 407,083 74,000 77,000 77,000 8,060 92.1 Singapore Kallang Basin 4 4 01/07/2008 33 years 25 years 26, 26A, 28 & 30 Kallang Place 584,775 383,226 50,000 74,200 88,400 8,572 94.9 Singapore Kallang Basin 5 01/07/2008 33 years 25 years 19, 21 & 23 Kallang Avenue 442,422 281,129 44,300 54,800 55,400 6,157 95.7 Singapore Kallang Basin 6 01/07/2008 33 years 25 years 25 Kallang Avenue 312,694 208,240 30,900 40,400 41,000 4,800 99.1 Singapore Kampong Ampat 01/07/2008 60 years 52 years 171 Kampong Ampat 456,708 294,841 60,300 97,000 102,700 10,350 100.0 Singapore Kampong Ubi 26/08/2011 60 years 55 years 3014A, 3014B & 3015A Ubi Road 1 723,427 535,901 125,300 122,700 122,900 10,246 89.2 Singapore Kolam Ayer 1 01/07/2008 43 years 35 years 8, 10 & 12 Lorong Bakar Batu 478,901 339,706 49,300 70,600 73,100 7,463 98.2 Singapore Kolam Ayer 2 01/07/2008 43 years 35 years 155, 155A & 161 Kallang Way 506,726 349,610 46,100 68,000 68,000 7,119 90.3 Singapore Kolam Ayer 5 01/07/2008 43 years 35 years 1, 3 & 5 Kallang Sector 670,586 447,312 71,900 84,600 84,600 9,183 94.4 Singapore Loyang 1 01/07/2008 60 years 52 years 30 Loyang Way 524,842 379,348 29,000 60,500 62,600 6,707 94.6 Singapore Loyang 2 01/07/2008 60 years 52 years 2, 4 & 4A Loyang Lane 324,253 236,248 16,800 36,000 37,400 3,785 86.4 Singapore Redhill 1 01/07/2008 30 years 22 years 1001, 1001A & 1002 Jalan 420,184 312,539 41,500 62,900 62,900 7,075 97.6 Singapore Redhill 2 01/07/2008 30 years 22 years 1003 & 3752 Bukit Merah Central 307,657 220,476 37,500 52,400 53,000 6,035 91.2 Singapore Halt 01/07/2008 56 years 48 years 115A & 115B Commonwealth Drive 242,384 171,688 28,900 42,800 44,400 4,385 99.8 Singapore Tiong Bahru 1 01/07/2008 30 years 22 years 1090 Lower Delta Road 159,831 110,574 14,500 19,000 19,000 2,356 96.1 Singapore Tiong Bahru 2 01/07/2008 30 years 22 years 1080, 1091, 1091A, 1092 & 1093 465,554 341,671 45,800 62,800 65,100 7,688 97.4 Lower Delta Road Singapore North 2 01/07/2008 30 years 22 years 1004 Toa Payoh North 167,186 108,665 13,700 20,500 20,500 2,621 100.0 Singapore Toa Payoh North 3 01/07/2008 30 years 22 years 1008 & 1008A Toa Payoh North 192,320 137,120 16,400 26,000 26,000 3,175 98.7 Singapore Subtotal Flatted Factories 10,734,350 7,685,736 1,185,200 1,531,200 1,566,400 161,660 94.6 5

¹ Refers to the tenure of underlying land. ² NLA excludes long strata leases at Kampong Ubi, Loyang 1 and Loyang 2. ³ Excludes stamp duties and other acquisition related costs. 4 Includes a new 14-storey high specification building which obtained provisional permission from Urban Redevelopment Authority on 28 March 2016. 5 Refers to the aggregate occupancy for the property segment. MAPLETREE ANNUAL REPORT 42. INDUSTRIAL TRUST 2015/2016 STRATEGIC DIRECTION | PEOPLE | PORTFOLIO | GOVERNANCE | FINANCIAL STATEMENTS AND ADDITIONAL INFORMATION 43.

PROPERTY PORTFOLIO

HI-TECH BUILDINGS KEY STATISTICS (AS AT 31 MARCH 2016) Hi-Tech Buildings are high specification industrial buildings with higher office NUMBER OF GROSS FLOOR PROPERTIES AREA content for tenants in technology and knowledge-intensive sectors. They are 13 3,035,671 usually fitted with air-conditioned lift (GROUPED INTO 8 CLUSTERS) SQ FT lobbies and common areas. Most of MIT’s Hi-Tech Buildings are occupied by anchor tenants who are involved in light industrial NET LETTABLE NUMBER OF activities such as precision engineering AREA TENANTS and data centre operations. The tenants 2,398,496 207 include multinational companies and SQ FT TENANTS Singapore-listed companies who are committed to long-term leases with built- in rent escalations. GROSS REVENUE OCCUPANCY (FOR FY15/16) (FOR FY15/16) Hi-Tech Building, 26A Ayer Rajah Crescent S$65.8 91.3 DETAILED PROPERTY INFORMATION MILLION % Gross Average Valuation Valuation Revenue Occupancy Remaining Purchase as at as at for Rate for VALUATION % OF PORTFOLIO (BY VALUATION) Description Acquisition Term of Term of GFA NLA Price 31/03/2015 31/03/2016 FY15/16 FY15/16 of Property Date Lease1 2 Lease1 2 Location (sq ft) (sq ft) S$’000 S$’000 S$’000 S$’000 % S$886.0 24.9 19 Tai Seng 21/10/2010 30+30 35 years 19 Tai Seng 92,641 92,641 13,700 15,800 16,100 1,669 100.0 MILLION % Drive years Drive Singapore

26A Ayer Rajah 27/01/2015 30 years 27 years 26A Ayer Rajah 384,802 384,802 – 120,000 121,500 8,224 100.0 TOP FIVE TENANTS IN HI-TECH BUILDINGS Crescent Crescent Singapore % of Portfolio Gross Monthly K&S Corporate 04/10/2013 30+28.5 55 years 23A 332,224 286,143 – 60,000 60,200 6,625 86.0 Rental Income Headquarters years North Avenue 5 Property/ Tenant (As at Singapore No Tenant Cluster Name Trade Sector 31 March 2016) Serangoon 01/07/2008 60 years 52 years 6 Serangoon 784,534 588,774 129,900 3 159,200 164,600 15,896 85.4 1 Tata Tata Telecommunications 3.2% North North Avenue 5 Singapore Communications Communications International Exchange Tata 21/10/2010 30+30 53 years 35 Tai Seng 172,945 144,295 95,000 95,650 95,650 10,588 100.0 9.1% Pte. Ltd. Communications years Street 29.3% Exchange Singapore 2 Equinix 26A Ayer Rajah Telecommunications 2.6% 4 3 14.0% Singapore Pte. Crescent 01/07/2008 60 years 52 years 1 & 1A Depot – – 44,000 157,000 219,500 – – Ltd. Close Singapore TENANT 3 Celestica Serangoon Computer, Electronic 1.7% 3 BUSINESS SECTOR Electronics (S) North, and Optical Products Toa Payoh 01/07/2008 30 years 22 years 970, 978, 988 666,851 478,944 43,400 108,000 110,500 13,800 99.6 North 1 & 998 Toa Pte. Ltd. Woodlands 9.5% (BY GROSS RENTAL INCOME) Payoh North Central and Singapore K&S Corporate Headquarters Woodlands 01/07/2008 60 years 52 years 33 & 35 601,674 422,897 39,400 3 90,200 97,900 9,042 80.8 38.1% Central Ind 4 Kulicke & Soffa K&S Corporate Precision Engineering, 1.3% Estate Road 3 Pte. Ltd. Headquarters Electrical, Machinery Singapore and Transportation 5 Products Subtotal Hi-Tech Buildings 3,035,671 2,398,496 365,400 805,850 885,950 65,844 91.3 • MANUFACTURING INFORMATION AND COMMUNICATIONS • 5 Life Woodlands Education, Health and 1.2% ¹ Refers to the tenure of underlying land. FINANCIAL AND BUSINESS SERVICES ² Remaining term of lease includes option to renew the land leases. • Technologies Central Social Services, Arts, ³ Excludes stamp duties and other acquisition related costs. WHOLESALE AND RETAIL TRADE • Holdings Pte. Entertainment and 4 The redevelopment of the Telok Blangah Cluster as a BTS facility for Hewlett-Packard had commenced in FY14/15. On 31 March 2015, the Telok Blangah • OTHER TRADE SECTORS Ltd. Recreation Cluster was reclassified from a Flatted Factory Cluster to a Hi-Tech Building Cluster. 5 Refers to the aggregate occupancy for the property segment. MAPLETREE ANNUAL REPORT 44. INDUSTRIAL TRUST 2015/2016 STRATEGIC DIRECTION | PEOPLE | PORTFOLIO | GOVERNANCE | FINANCIAL STATEMENTS AND ADDITIONAL INFORMATION 45.

PROPERTY PORTFOLIO

BUSINESS PARK BUILDINGS KEY STATISTICS (AS AT 31 MARCH 2016) Business Park Buildings are high-rise multi-tenanted buildings within a NUMBER OF GROSS FLOOR PROPERTIES AREA landscaped environment. Fitted with air-conditioned lift lobbies and common 3 1,680,726 areas, each unit can be customised to PROPERTIES SQ FT meet tenants’ requirements. They serve as regional headquarters for multinational companies and spaces for research and NET LETTABLE NUMBER OF development and knowledge-intensive AREA TENANTS enterprises. 1,201,358 149 Business Park Buildings are located SQ FT TENANTS within government identified zones called “Business Parks”, which GROSS REVENUE OCCUPANCY accommodate various amenities such (FOR FY15/16) (FOR FY15/16) as food and beverage outlets, fitness centres, convenience outlets and S$51.7 88.8 childcare centres. They are served by MILLION % good public transportation network and well-connected to major roads and expressways. VALUATION % OF PORTFOLIO (BY VALUATION) S$561.5 15.8 MILLION % Business Park Building, The Signature

TOP FIVE TENANTS IN BUSINESS PARK BUILDINGS DETAILED PROPERTY INFORMATION

% of Portfolio Gross Average Gross Monthly Valuation Valuation Revenue Occupancy Property/ Rental Income Term Remaining Purchase as at as at for Rate for Cluster Tenant (As at Description Acquisition of Term of GFA NLA Price 2 31/03/2015 31/03/2016 FY15/16 FY15/16 1 1 No Tenant Name Trade Sector 31 March 2016) of Property Date Lease Lease Location (sq ft) (sq ft) S$’000 S$’000 S$’000 S$’000 % 1 Johnson & The Wholesale Trade 2.3% The Signature 01/07/2008 60 years 52 years 51 Changi 510,324 342,700 98,500 141,900 147,400 11,649 70.3 Business Park Johnson Strategy Central 2 Pte. Ltd. Singapore 13.8% 19.1% 2 Dell Global The Wholesale of 1.5% The Strategy 01/07/2008 60 years 52 years 2 International 725,171 575,291 213,900 283,200 287,200 27,168 96.9 B.V. Strategy Machinery, Business Park 41.3% (Singapore Equipment and Singapore Branch) Supplies The Synergy 01/07/2008 60 years 52 years 1 International 445,231 283,367 91,000 124,700 126,900 12,912 94.9 TENANT 3 Sony The Precision 1.1% Business Park BUSINESS SECTOR 11.9% Electronics Strategy Engineering, Singapore (Singapore) Electrical, (BY GROSS RENTAL INCOME) Subtotal Business Park Buildings 1,680,726 1,201,358 403,400 549,800 561,500 51,729 88.8 3 Pte. Ltd. Machinery and Transportation 1 Refers to the tenure of underlying land. Products 2 Excludes stamp duties and other acquisition related costs. 13.9% ³ Refers to the aggregate occupancy for the property segment. 4 Covance (Asia) The General Wholesale 0.8% Pte Ltd Synergy Trade and Services

5 Clariant The Refined Petroleum 0.6% MANUFACTURING • (Singapore) Synergy and Chemicals INFORMATION AND COMMUNICATIONS • Pte. Ltd. • FINANCIAL AND BUSINESS SERVICES • WHOLESALE AND RETAIL TRADE • OTHER TRADE SECTORS MAPLETREE ANNUAL REPORT 46. INDUSTRIAL TRUST 2015/2016 STRATEGIC DIRECTION | PEOPLE | PORTFOLIO | GOVERNANCE | FINANCIAL STATEMENTS AND ADDITIONAL INFORMATION 47.

PROPERTY PORTFOLIO

STACK-UP/RAMP-UP BUILDINGS KEY STATISTICS (AS AT 31 MARCH 2016) Stack-up/Ramp-up Buildings are multi-storey developments that serve NUMBER OF GROSS FLOOR PROPERTIES AREA a wide range of industrial activities. Principal activities include precision 7 3,703,171 engineering, semiconductor assembly (GROUPED INTO 1 CLUSTER) SQ FT and manufacturing of products like dies, moulds, tools and commodities. NET LETTABLE NUMBER OF Each unit within the six-storey stack-up AREA TENANTS buildings is a standalone factory with its own loading and unloading area and 3,024,955 145 parking lots. Each level of the eight- SQ FT TENANTS storey ramp-up building resembles a typical Flatted Factory’s ground floor. GROSS REVENUE OCCUPANCY Units located on each floor of the ramp- (FOR FY15/16) (FOR FY15/16) up building share common loading and unloading area. S$44.2 96.3 MILLION %

VALUATION % OF PORTFOLIO (BY VALUATION) S$447.8 12.6 MILLION % Stack-up/Ramp-up Buildings, Woodlands Spectrum

TOP FIVE TENANTS IN STACK-UP/RAMP-UP BUILDINGS DETAILED PROPERTY INFORMATION

% of Portfolio Gross Average Gross Monthly Valuation Valuation Revenue Occupancy Property/ Rental Income Term Remaining Purchase as at as at for Rate for Cluster Tenant (As at Description Acquisition of Term of GFA NLA 2 Price 3 31/03/2015 31/03/2016 FY15/16 FY15/16 1 1 No Tenant Name Trade Sector 31 March 2016) of Property Date Lease Lease Location (sq ft) (sq ft) S$’000 S$’000 S$’000 S$’000 % 1 Univac Woodlands Precision Engineering, 0.7% Woodlands 01/07/2008 60 years 52 years 2 Woodlands 3,703,171 3,024,955 265,000 441,200 447,800 44,218 96.3 Spectrum 1 Sector 1 and Precision Spectrum Electrical, Machinery and 2 201, 203, Engineering and Transportation 205, 207, 13.8% Pte. Ltd. Products 209 and 211 57.7% Woodlands 2 Ultra Clean Woodlands Precision Engineering, 0.4% Avenue 9 Asia Pacific Spectrum Electrical, Machinery 16.6% Singapore Pte. Ltd. and Transportation Products Subtotal Stack-up/Ramp-up Buildings 3,703,171 3,024,955 265,000 441,200 447,800 44,218 96.3 TENANT BUSINESS SECTOR 3 Sys-Mac Woodlands Precision Engineering, 0.3% 1 Refers to the tenure of underlying land. (BY GROSS RENTAL INCOME) Automation Spectrum Electrical, Machinery ² NLA excludes long strata leases at Woodlands Spectrum 1 and 2. Engineering and Transportation ³ Excludes stamp duties and other acquisition related costs. Pte Ltd Products 9.3% 4 Biomin Woodlands Food and Beverage 0.3% 2.6% Singapore Pte. Spectrum Ltd.

5 Reliance Safety Woodlands Printing, Recorded 0.3% MANUFACTURING • Glass Pte. Ltd. Spectrum Media and Essential INFORMATION AND COMMUNICATIONS • Products • FINANCIAL AND BUSINESS SERVICES • WHOLESALE AND RETAIL TRADE • OTHER TRADE SECTORS MAPLETREE ANNUAL REPORT 48. INDUSTRIAL TRUST 2015/2016 STRATEGIC DIRECTION | PEOPLE | PORTFOLIO | GOVERNANCE | FINANCIAL STATEMENTS AND ADDITIONAL INFORMATION 49.

PROPERTY PORTFOLIO

LIGHT INDUSTRIAL BUILDINGS KEY STATISTICS (AS AT 31 MARCH 2016) Light Industrial Buildings consist of medium to high-rise developments. They NUMBER OF GROSS FLOOR PROPERTIES AREA are located in central locations or in areas with access to key transportation modes. 5 556,546 Each building is occupied by an anchor PROPERTIES SQ FT tenant who is involved in a light industrial activity such as precision engineering or multimedia manufacturing. NET LETTABLE NUMBER OF AREA TENANTS 521,700 13 SQ FT TENANTS

GROSS REVENUE OCCUPANCY (FOR FY15/16) (FOR FY15/16) S$8.1 99.9 MILLION %

VALUATION % OF PORTFOLIO (BY VALUATION) S$96.2 2.7 MILLION % Light Industrial Building, 26 Woodlands Loop

TOP FIVE TENANTS IN LIGHT INDUSTRIAL BUILDINGS DETAILED PROPERTY INFORMATION

% of Portfolio Gross Average Gross Monthly Valuation Valuation Revenue Occupancy Property/ Rental Income Remaining Purchase as at as at for Rate for Cluster Tenant (As at Description Acquisition Term of Term of GFA NLA Price 31/03/2015 31/03/2016 FY15/16 FY15/16 1 2 1 2 No Tenant Name Trade Sector 31 March 2016) of Property Date Lease Lease Location (sq ft) (sq ft) S$’000 S$’000 S$’000 S$’000 % 1 Heptagon 26 Computer, 0.6% 2A Changi 28/05/2014 30+30 45 years 2A Changi 67,845 67,845 12,000³ 14,100 14,100 1,097 100.0 Micro Optics Woodlands Electronic and North Street years North Street 2 2 Singapore Pte. Ltd. Loop Optical Products 19 Changi 21/10/2010 30+30 41 years 19 Changi 74,900 74,900 12,400 14,000 14,000 1,304 99.5 19.4% 26.2% 2 Aureumaex 2A Changi Education, 0.4% Industries (S) North Health and Social South Street years South Street 1 1 Singapore Pte. Ltd. Street 2 Services, Arts, Entertainment and 65 Tech Park 21/10/2010 60 years 37 years 65 Tech Park 107,373 107,373 13,200 17,500 17,600 1,085 100.0 Recreation Crescent Crescent TENANT Singapore BUSINESS SECTOR 3 Metech 65 Tech Admin and Support 0.4% (BY GROSS RENTAL INCOME) International Park Service 45 Ubi Road 21/10/2010 30+30 37 years 45 Ubi Road 1 150,610 123,132 23,500 25,000 25,000 2,550 100.0 Limited Crescent 1 years Singapore 16.9% 4 Centurion 45 Ubi Financial Services 0.3% 26 21/10/2010 30+30 39 years 26 Woodlands 155,818 148,450 21,900 25,500 25,500 2,111 100.0 Corporation Road 1 Woodlands years Loop Limited Loop Singapore 37.5% 5 Skechers 45 Ubi General Wholesale 0.1% Subtotal Light Industrial Buildings 556,546 521,700 83,000 96,100 96,200 8,147 99.9 4 Singapore Road 1 Trade and Services 1 Refers to the tenure of underlying land. MANUFACTURING • Pte. Ltd. ² Remaining term of lease includes option to renew the land leases. • FINANCIAL AND BUSINESS SERVICES ³ Excludes stamp duties and other acquisition related costs. • WHOLESALE AND RETAIL TRADE 4 Refers to the aggregate occupancy for the property segment. • OTHER TRADE SECTORS