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 9 May 2012. BY ORDER OF THE BOARD CapitaMalls Asia Limited Kannan Malini Company Secretary Hong Kong, 9 May 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 the executive director; 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. * For identification purposes only ACQUISITIONS AND DISPOSALS Page 1 of 1 ACQUISITIONS AND DISPOSALS :: CHANGES IN COMPANY'S INTEREST :: CAPITAMALLS ASIA AND SIME DARBY PROPERTY TO JOINTLY DEVELOP SHOPPING MALL IN THE KLANG VALLEY Like 0 0 * Asterisks denote mandatory information Name of Announcer * CAPITAMALLS ASIA LIMITED Company Registration No. 200413169H Announcement submitted on CAPITAMALLS ASIA LIMITED behalf of Announcement is submitted with CAPITAMALLS ASIA LIMITED respect to * Announcement is submitted by * Kannan Malini Designation * Company Secretary Date & Time of Broadcast 09-May-2012 17:47:56 Announcement No. 00087 >> ANNOUNCEMENT DETAILS The details of the announcement start here ... Announcement Title * CapitaMalls Asia and Sime Darby Property to jointly develop shopping mall in the Klang Valley Description The attached announcement, news release and presentation slides issued by CapitaMalls Asia Limited on the above matter are for information. Attachments Presentation_20120509.pdf NewsRelease_20120509-EN.pdf NewsRelease_20120509-CN.pdf Announcement_20120509.pdf Total size = 2672K (2048K size limit recommended) Total attachment size has exceeded the recommended value http://info.sgx.com/webcorannc.nsf/AnnouncementToday/9F36B143D6875A58482579F800... 09-May-12 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) ANNOUNCEMENT CAPITAMALLS ASIA AND SIME DARBY PROPERTY TO JOINTLY DEVELOP SHOPPING MALL IN THE KLANG VALLEY CMA wishes to announce that its wholly-owned subsidiary, Pronto Investment, has on 9 May 2012 entered into a conditional agreement with Sime Darby Urus Harta, a wholly-owned subsidiary of Sime Darby Property and a party unrelated to CMA, to jointly develop the Project in Taman Melawati, the Klang Valley, Malaysia. Sime Darby Property is Malaysia’s largest property developer in terms of landbank. Pronto Investment and Sime Darby Urus Harta will each have a 50% interest in the Proposed Investment through their respective subscription of shares amounting to 50% interests in the JV Company. Upon the subscription of the shares, the JV Company will become a 50% owned associated company of CMA. * For identification purposes only 1 The Project is expected to have a land area of approximately 242,000 sq ft and is expected to be completed in 2016. Pending regulatory approvals, the Project will have a total NLA of approximately 635,000 sq ft. The land is located in Melawati township, an established and affluent residential district north-east of Kuala Lumpur city centre and part of Klang Valley. Melawati township is bounded by the established residential areas of Taman Melati, Wangsa Maju, Taman Permata and Kemensah Heights. The site is also near to one of the most established international schools in Kuala Lumpur, as well as popular tourist destinations such as Batu Caves and the National Zoo. The total development costs for the Proposed Investment are expected to be approximately RM500.0 million (S$204.5 million1/ HK$1,279.8 million2). The Proposed Investment is subject to, among other things, relevant regulatory approvals. The Proposed Investment will be funded by equity and debt and is not expected to have any material impact on the net tangible assets or earnings per share of the CMA Group for the financial year ending 31 December 2012. Save as disclosed above, none of the directors of CMA or the controlling shareholders of CMA have any interest, direct or indirect, in the Proposed Investment. Definitions: CMA : CapitaMalls Asia Limited CMA Group : CMA and its subsidiaries JV Company : Prized Corridor Sdn. Bhd. NLA : Net Lettable Area Project : The development of the land parcel of approximately 242,000 sq ft located at Bandar Ulu Kelang, Daerah Gombak, Negeri Selangor, Malaysia, into a retail property development Pronto : Pronto Investment One Pte. Ltd., a wholly-owned Investment subsidiary of CMA 1 Based on an exchange rate of RM1: S$0.4089. 2 Based on an exchange rate of RM1: HK$2.5596. 2 Proposed : The proposed 50-50 joint venture between Pronto Investment Investment and Sime Darby Urus Harta in respect of the development of the Project Sime Darby : Sime Darby Property Berhad Property Sime Darby Urus : Sime Darby Urus Harta Sdn. Bhd., a wholly-owned Harta subsidiary of Sime Darby Property sq ft : Square feet Currencies HK$ : Hong Kong dollars RM : Malaysian Ringgit S$ : Singapore dollars BY ORDER OF THE BOARD CapitaMalls Asia Limited Kannan Malini Company Secretary Singapore, 9 May 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 the executive director; 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. 3 For immediate release 9 May 2012 NEWS RELEASE CapitaMalls Asia and Sime Darby Property to jointly develop shopping mall in the Klang Valley . First major shopping mall in the established Taman Melawati residential district . CapitaMalls Asia’s entry into greenfield developments in Malaysia . Maximises returns on investment and diversifies income portfolio for Sime Darby Property Singapore and Kuala Lumpur, 9 May 2012 – CapitaMalls Asia Limited (SGX: JS8 and HKEx: 6813), Asia’s leading shopping mall developer, owner and manager; and Sime Darby Property, Malaysia’s largest property developer in terms of landbank; are pleased to announce today that they have entered into a conditional agreement to form a 50:50 joint venture to develop a shopping mall on a freehold site in Taman Melawati in the Klang Valley, Malaysia. The site has an area of about 242,000 square feet (“sq ft”). It is located in the centre of Melawati township and is the last sizeable plot of commercial land in the township. The township includes Taman Melawati, an established and affluent residential district north-east of Kuala Lumpur city centre and part of the Klang Valley. It is bounded by the established residential areas of Taman Melati, Wangsa Maju, Taman Permata and Kemensah Heights. The site is also near one of the most established international schools in Kuala Lumpur, as well as popular tourist destinations such as Batu Caves and the National Zoo. CapitaMalls Asia and Sime Darby Property will develop a shopping mall with a total net lettable area of approximately 635,000 sq ft 1 on the site. The shopping mall is expected to be completed in 2016, and will serve a catchment population of around 800,000 people within a 10- minute drive. The total development cost is expected to be about RM500.0 million (S$204.5 million / HK$1,279.8 million). Mr Lim Beng Chee, CEO of CapitaMalls Asia, said: “We are pleased to partner Sime Darby Property to jointly develop this site in Taman Melawati. Sime Darby Property has extensive 1 Subject to the relevant regulatory approvals in Malaysia. 1 experience in property development in Malaysia. On our part, CapitaMalls Asia will bring our proven expertise in developing and managing shopping malls around the region.” “This project marks our first greenfield development in Malaysia. It will be the first major shopping mall in the established and affluent residential district of Taman Melawati, and will cater to the under-served retail needs of the residents there as well as the surrounding neighbourhoods. It will also provide both Malaysian and international retailers the opportunity to expand their presence to an established residential district in the Klang Valley.” Dato’ Wahab Maskan, Group Chief Operating Officer of Sime Darby Berhad and Managing Director of Sime Darby Property, said: “We are confident that our partnership with CapitaMalls Asia to develop this site in Taman Melawati is the best strategy to maximise the returns on our investment and diversify our income portfolio.