Investor Presentaiton

33 33 ✓ Value creation for Raffles City Tower AEI(1) Return on Investment of 9.3% with estimated capital expenditure of S$32.3m Difference in committed rents before AEI and after AEI RCT City Hall/Marina sub-market Increase attributable to AEI S$ psf $0.91 psf $0.25 psf (2) $0.66 psf Value creation Incremental Net Property Income per annum S$3.0m Estimated Capital Expenditure S$32.3m (Lower than announced capital expenditure of S$34.7m in 2012) Return on Investment 9.3% (An improvement over the projected ROI of 8.6% in 2012) Capital Value of AEI (assuming 4.5% capitalisation rate (³)) Increase in Value (net of capital expenditure) S$66.6m S$34.4m Notes: (1) Based on Manager's estimates. (2) We have conservatively used Knight Frank's published rent for the City Hall / Marina sub-market. CBRE and Colliers have registered lower increases in the same sub-market rent for the period. (3) Capitalisation rate of 4.5% is used, similar to that adopted in the estimates at the start of the AEI. CapitaCommercial Trust Presentation August 2014 Cap/ta Commercial Trust

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