CapitaLand Integrated Commercial Trust - Annual Report 2021

Valuer as at 31 Dec 21 Valuer as at 31 Dec 20 Cap Rate as at 31 Dec 21 Cap Rate as at 31 Dec 20 % % Westgate Savills Savills 4.50 4.50 Bugis Junction Colliers Colliers 4.70 4.70 Tampines Mall Knight Frank CBRE 4.70 4.70 Junction 8 Knight Frank Knight Frank 4.70 4.70 Bedok Mall Knight Frank CBRE 4.60 4.60 IMM Building JLL Knight Frank Retail: 6.20 Warehouse: 7.00 Retail: 6.20 Warehouse: 7.00 Lot One Shoppers' Mall Cushman Cushman 4.70 4.70 Clarke Quay Colliers Colliers 4.85 4.85 Bugis+ Colliers Colliers 5.20 5.20 Bukit Panjang Plaza Cushman Cushman 4.80 4.80 JCube Savills Savills 4.75 4.75 Raffles City Singapore Savills Knight Frank Retail: 4.70 Office: 3.90 Hotel: 4.75 Retail: 4.70 Office: 3.95 Hotel: 4.75 Plaza Singapura Savills Savills 4.40 4.40 The Atrium@Orchard Savills Savills Retail: 4.65 Office: 3.625 Retail: 4.65 Office: 3.75 Funan Colliers Colliers Retail: 4.85 Office: 3.70 Retail: 4.85 Office: 3.90 CapitaSpring (45.0% interest) Colliers Colliers Retail: 4.00 Office: 4.00 SR: 4.50 N.M. Asia Square Tower 2 Cushman Knight Frank 3.40 3.45 CapitaGreen Colliers Colliers 3.75 3.95 Capital Tower JLL Cushman 3.50 3.55 Six Battery Road Cushman Cushman 3.40 3.45 21 Collyer Quay Savills CBRE 3.45 3.45 Gallileo, Germany (94.9% interest) KF C&W 2.95 1 3.90 1 Main Airport Center, Germany (94.9% interest) KF C&W 3.60 1 4.25 1 1 Refers to exit capitalisation rate at the end of discounted cashflow period. In 2021, independent valuations of the properties were conducted by Knight Frank Pte Ltd (Knight Frank), Jones Lang LaSalle Property Consultants Pte Ltd (JLL), Savills Valuation and Professional Services (S) Pte Ltd (Savills), Colliers International Consultancy & Valuation (Singapore) Pte Ltd (Colliers), Cushman & Wakefield VHS Pte. Ltd. (Cushman), and Knight Frank Valuation & Advisory GmbH & Co. KG. (KF). CapitaLand Integrated Commercial Trust 58 Operations Review