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Investor Presentaiton

✓ FY 2017 distributable income rose 7.4% YoY Change Remarks 12 FY 2017 FY 2016 (%) Gross Revenue (S$ million) 337.5 298.6 13.0 Property Operating Expenses (S$ million) (72.0) (67.3) 7.0 Please see note (1) Net Property Income (S$ million) 265.5 231.3 14.8 Distributable Income (S$ million) 288.9 269.0 7.4 Please see note (2) DPU (cents) 8.66 9.08 (4.6) Please see note (3) For Information Only 8.66 8.25 5.0 Please see note (4) Adjusted DPU (cents) Notes: (1) Higher revenue, operating expenses and net property income mainly contributed by CapitaGreen (12 months in FY 2017 versus 4 months in FY 2016), as well as contribution from AST2 (2 months in FY 2017, nil in FY 2016) offset by divestments of One George Street (50.0% interest) in June 2017, Golden Shoe Car Park in July 2017 and Wilkie Edge in September 2017. (2) To note that AST2 Co did not pay any dividend this quarter. The higher distributable income is from MSO Trust which holds CapitaGreen and RCS Trust which holds Raffles City Singapore. Includes top-up of S$4.4 million for the loss of distributable income arising from the divestments of One George Street (50.0% interest) and Wilkie Edge as well as tax-exempt distribution of S$8.0 million. (3) DPU in FY 2017 of 8.66 cents was the aggregate of DPU in 1H 2017 of 4.56 cents announced on 27 July 2017 and DPU in 2H 2017 of 4.10 cents. 2H 2017 of 4.10 cents was computed based on 3,608.1 million of CCT units issued as at 31 December 2017. (4) Adjusted DPU for FY 2016 of 8.25 cents comprised actual 1H 2016 DPU of 4.39 cents announced on 26 July 2016 and adjusted 2H 2016 DPU of 3.86 cents, adjusted for the enlarged 3,608.1 million Units arising from new units issued for equity raised, conversion of convertible bonds and issuance of units for management fees in FY 2017. CapitaLand Commercial Trust Presentation February 2018 Cap/taLand Commercial Trust
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