CapitaLand Integrated Commercial Trust - Annual Report 2021

Notes to the Financial Statements YEAR ENDED 31 DECEMBER 2021 6 SUBSIDIARIES (continued) The trustee fees of VO1 Trust and VO2 Trust are presently charged at a scaled basis of up to 0.03% per annum of the respective deposited properties (subject to a minimum sum of $5,000 per month). HSBC Institutional Trust Services (Singapore) Limited as trustee of VO1 Trust and HSBC Institutional Trust Services (Singapore) Limited as trustee of VO2 Trust are also entitled to reimbursement of expenses incurred in the performance of their duties under their respective trust deeds. The trustee fees are payable quarterly in arrears. For RCS Trust, MSO Trust and CapitaLand Commercial Trust, the property management fees, management fees payable and trustee fees are as follows:- RCS Trust RCS Trust has entered into several service agreements in relation to the management of RCS Trust and its property operations. The fee structures of these services are as follows: (a) Property management fees Under the property management agreement with CapitaLand (RCS) Property Management Pte. Ltd., property management fees are charged as follows: (i) 2.00% per annum of the property income of the property; and (ii) 2.50% per annum of the net property income of the property. The property management fees are payable monthly in arrears. (b) Management fees Pursuant to the RCS Trust Trust Deed, the management fees comprise a base component of 0.25% per annum of the value of deposited property of RCS Trust and a performance component of 4.00% per annum of the net property income of RCS Trust, including all its authorised investments for the time being held or deemed to be held upon the trusts of the RCS Trust Trust Deed. The management fees shall be paid entirely in the form of units or, with the approval of the Manager, either partly in units and partly in cash or wholly in cash. The base and performance components of the management fees are payable quarterly and yearly in arrears respectively. (c) RCS Trust Trustee-Manager’s fees Pursuant to the RCS Trust Trust Deed, HSBC Institutional Trust Services (Singapore) Limited as trustee-manager of the RCS Trust (“RCS Trust Trustee-Manager”)’s fees shall not exceed 0.10% per annum of the value of deposited property of RCS Trust, as defined in the RCS Trust Trust Deed (subject to a minimum sum of $15,000 per month), payable out of the deposited property of RCS Trust. The RCS Trust Trustee-Manager is also entitled to reimbursement of expenses incurred in the performance of its duties under the RCS Trust Trust Deed. RCS Trust Trustee-Manager’s fees are payable quarterly in arrears. CapitaLand Integrated Commercial Trust 256