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Capitaland's Raffles City Chengdu Achieves Structural Top-Out

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Capitaland's Raffles City Chengdu Achieves Structural Top-Out For Immediate Release 15 September 2011 NEWS RELEASE CapitaLand’s Raffles City Chengdu achieves structural top-out Singapore, 15 September 2011 – CapitaLand Limited’s wholly-owned subsidiary CapitaLand China Holdings today held the topping-out ceremony for Raffles City Chengdu in Sichuan province, its first integrated development project in inland China. Designed by renowned architect Steven Holl, the flagship ‘Raffles City’ development comprises a Grade A office building, a shopping mall, serviced residences, as well as luxury apartments, which will be completed in phases from 2Q2012 onwards. With a construction floor area of over 300,000 square metres, Raffles City Chengdu is CapitaLand’s biggest and most architecturally-outstanding project under the ‘Raffles City’ brand to date. The topping-out ceremony was graced by Mr Lim Swee Say, Minister, Prime Minister’s Office; Mr Lawrence Wong, Minister of State (MOS) for Defence and Education; and Mr Huang Xiaoxiang, Vice Governor of Sichuan. Minister Lim and MOS Wong and were in Chengdu, Sichuan province for a business mission organised by IE Singapore. Raffles City Chengdu is located in the heart of Chengdu’s bustling city centre at the edge of First Ring Road along Renmin Nan Road. The development will be connected with an MRT interchange, and surrounded by quality offices, high-end residences, trendy high-tech retail shops, and dining and entertainment hubs for both the local and international communities. Raffles City Chengdu has also been awarded the prestigious LEED Gold Pre- Certification by the US Green Building Council (USGBC) for its green features which include state-of-the-art energy conservation and management systems; rainwater recycling system; green roofs; as well as the use recycled building materials. Mr Jason Leow, CEO of CapitaLand China Holdings, said: “Chengdu is the economic, political and cultural centre of West China. In 2010, disposable income of urban residents in Chengdu achieved sustainable growth of more than 13.3% while retail sales exceeded RMB240 billion. This translates to strong demand for integrated developments like Raffles City Chengdu. With the rise of West China, CapitaLand is confident of Chengdu’s growing importance as an international commercial hub.” When completed in 2012, Raffles City Chengdu will be the third operational ‘Raffles City’ development in China, after Raffles City Shanghai and Raffles City Beijing. Currently, CapitaLand has seven ‘Raffles City’ developments across China and one in Singapore. Of these, Raffles City Singapore, Raffles City Shanghai and Raffles City Beijing are in operation while those in Chengdu, Hangzhou, Ningbo, Shenzhen and Shanghai (Changning) are presently under development. 1 About CapitaLand Limited CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, the multi-local company's core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific and Europe. The company's real estate and hospitality portfolio, which includes homes, offices, shopping malls, serviced residences and mixed developments, spans more than 110 cities in over 20 countries. CapitaLand also leverages on its significant asset base, real estate domain knowledge, financial skills and extensive market network to develop real estate financial products and services in Singapore and the region. The listed entities of the CapitaLand Group include Australand, CapitaMalls Asia, CapitaMall Trust, CapitaCommercial Trust, Ascott Residence Trust, CapitaRetail China Trust, CapitaMalls Malaysia Trust and Quill Capita Trust. About CapitaLand China Holdings CapitaLand China Holdings Limited (CCH) is a wholly-owned subsidiary and strategic business unit of CapitaLand Group, one of Asia’s largest real estate companies. CCH has been developing quality homes and commercial developments in China since 1994. Today, its footprint extends to gateway cities such as Shanghai, Beijing and Guangzhou, as well as other key Chinese cities including Chengdu, Hangzhou, Ningbo and Shenzhen. Its ‘Raffles City’ branded projects are architecturally- outstanding landmark developments which offer an exciting integrated living, working and retail experience. CCH’s business spans across the residential, commercial, integrated development and financial services sectors. The company offers a full spectrum of products and services across the complete real estate value chain, with core competencies in real estate investment, development, asset management and fund management. In the spirit of its credo "Building People", CCH is committed to being a good corporate citizen in the communities within which it operates. Through its talent management programme, the company attracts and develops human capital to deliver excellent products and services. Issued by: CapitaLand Limited (Co. Regn.: 198900036N) Date: 15 September 2011 Analyst Contact Media Contact Harold Woo Lorna Tan SVP, Investor Relations SVP, Corporate Communications Tel: +65 68233 210 Tel: +65 68233 205 Email: [email protected] Email: [email protected] 2 .
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