CapitaLand Integrated Commercial Trust - Annual Report 2021

1 Independent valuation of S$1,175.0 million by Knight Frank Pte Ltd as at 30 September 2021 was based on the capitalisation method and the discounted cash flow method. 2 As announced on 23 December 2021, the Implied NPI is based on the pro forma 1H 2021 annualised NPI of 101 Miller Street and Greenwood Plaza, 66 Goulburn Street and 100 Arthur Street and taking into account the following assumptions: (a) the acquisitions of the two trusts holding 66 Goulburn Street and 100 Arthur Street as well as 101 Miller Street and Greenwood Plaza were completed on 1 January 2021 and held and operated to 30 June 2021; (b) including rental guarantee for 100 Arthur Street; and (c) the tenants and committed tenants of 100 Arthur Street as at 30 September 2021 were in place on 1 January 2021. 3 The estimated purchase consideration is based on the adjusted net asset value of the trusts that hold the two assets, being (i) the total assets of the two trusts taking into account the agreed property value for the properties (which was negotiated on a willing buyer willing seller basis), other adjustments and other assets; and less (ii) the total amount of liabilities of the two trusts (including the external bank loans taken out by the trusts). 4 Independent valuations of A$300.0 million for 66 Goulburn Street and A$372.0 million for 100 Arthur Street by Jones Lang LaSalle Advisory Services Pty Limited and CBRE Valuations Pty Limited as at 15 November 2021 were based on the capitalisation method and the discounted cash flow method. 5 Independent valuation of A$422.0 million by Savills Valuations Pty Ltd as at 1 December 2021 was based on the capitalisation method and the discounted cash flow method. 66 Goulburn Street, Sydney, Australia 100 Arthur Street, Sydney, Australia 101-103 Miller Street and Greenwood Plaza, Sydney, Australia In line with its portfolio reconstitution strategy, CICT divested its 50.0% interest in One George Street for S$640.7 million 1 (or S$2,875 per sq ft) at an exit yield of 3.17% to SG OGS Pte. Ltd. on 9 December 2021. The capital was redeployed to acquire three higher yielding assets in Sydney, Australia at a combined implied NPI yield of 5.1% 2 . 66 Goulburn Street and 100 Arthur Street were acquired from CLA Real Estate Holdings Pte. Ltd. at at an estimated aggregate purchase consideration3 of A$330.7 million 4 while 101 – 103 Miller Street and Greenwood Plaza was acquired from TGA Miller Street Trust at a purchase price of A$422.0 million 5 . This marks our first foray into Australia, our second overseas developed market after Germany. Upon completion, the acquisitions will allow CICT to tap into future growth prospects, alongside improving fundamentals in Sydney, Australia. Portfolio Reconstitution PROPOSED ACQUISTION OF THREE ASSETS IN SYDNEY, AUSTRALIA Recycling Capital into Higher Yielding Assets Scan QR code for a property tour of 66 Goulburn Street and 100 Arthur Street CapitaLand Integrated Commercial Trust 30 Value Creation

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