For immediate release 28 September 2012

NEWS RELEASE

Official opening of CapitaMall Crystal in

Singapore, Hong Kong & Beijing ，，，28 September 2012 – CapitaMalls Asia Limited (SGX: JS8 and HKEx: 6813) is pleased to announce that CapitaMall Crystal in Beijing is holding its official opening ceremony today, witnessed by over 200 guests comprising Chinese government officials, retailers and media.

Located along the West Chang’an Avenue in the centre of (公主坟), CapitaMall Crystal enjoys good connectivity with direct access to the from the Wan Shou Lu ( 万寿路) station and more than 20 bus services. On the east of the mall lie key government offices, as well as popular tourist attractions such as the Century Altar and Yuyuantan Park. On its west are sports and entertainment facilities, including the MasterCard Centre and Beijing International Sculpture Park.

The mall serves a catchment of about 600,000 people, including residents living in the high-end apartments nearby. CapitaMall Crystal’s opening in Gongzhufen helps to improve the retail offerings in western Beijing and meet the demand of discerning shoppers for a quality shopping experience in a modern cosmopolitan setting.

The seven-storey shopping mall (spanning Basement 1, Lower Ground and Levels 1 to 5), has a gross floor area (“GFA”), excluding car park, of about 72,000 square metres (“sq m”). Positioned as a middle- to upper-middle income, one-stop shopping destination, the mall houses popular international fashion brands like Juicy Couture, DKNY, Club Monaco, Armani Exchange, CK Jeans, Folli Follie, 7 for all Mankind, Rabeanco, Tissot and UNIQLO; as well as BHG premium supermarket. Of the total 144 leases at CapitaMall Crystal, about 43% or 62 are international brands and 32 brands are new to western Beijing. 1

Since the soft opening in December 2011, CapitaMall Crystal’s unique “under-one-roof” shopping mall concept has injected a new vitality into Gongzhufen. The addition of experiential retail concepts such as Bona Cineplex, Sundan Electronics, Bookfun, beauty and wellness centres and edutainment stores, has filled the area’s gap in entertainment and leisure offerings; while the arrival of popular food and beverage outlets, such as Tai Hing Restaurant, Nanjing Impressions, Song Ben Lou Japanese Restaurant, He Lu Sushi, Costa Coffee and Paris Baguette, has brought a greater variety of dining options to shoppers in western Beijing.

To celebrate its official opening, CapitaMall Crystal will be holding a series of promotions from 28 September to 14 October. Special gifts have also been prepared for shoppers in appreciation of their support.

Mr Yeo Kee Whye, Managing Director, North China of CapitaMalls Asia, said: “We are pleased to officially open CapitaMall Crystal, a prime asset strategically located in Gongzhufen, a major traffic and public transportation hub in the of western Beijing. Fashioned as a trend-setting iconic shopping mall, we believe that CapitaMall Crystal will emerge as a shining star in tandem with the economic development of western Beijing. CapitaMall Crystal is our second mall in Gongzhufen; the other being CapitaMall Cuiwei, a family-oriented shopping mall. With their complementary offerings, we are confident that the two malls will enhance the positioning of Gongzhufen as a key retail destination in western Beijing.”

Summary of CapitaMall Crystal Overall A prime development comprising a seven-storey shopping mall (spanning Basement 1, Lower Ground and Levels 1 to 5) Location CapitaMall Crystal is located along the West Chang’an Avenue between the and 4 th Ring Road. It has good connectivity and enjoys direct access to the Beijing Subway Line 1 from the Wan Shou Lu ( 万寿路) station and more than 20 bus services. Site area 16,000 sq m (approximate) GFA (excluding car 72,000 sq m (approximate) park) No. of car park spaces About 400 (Basement 2 and 3)

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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 101 shopping malls across 52 cities in the five countries of Singapore, China, Malaysia, Japan and India, with a total property value of approximately S$30.7 billion (HK$190.1 billion) and a total GFA of approximately 92.4 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; Vivit Square in Tokyo, Japan; as well as Forum Value Mall in Bangalore, India.

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: 28 September 2012

For more information, please contact: Analyst Media Brenda Ng Lim Seng Jin Senior Executive, Investor Relations Head, Corporate Communications and Marketing Tel: +65 6826 5569 Tel: +65 6826 5778 Email: [email protected] Email: [email protected]

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