Investor Presentaiton

28 Above market office rents in 4Q 2017 but lower than expiring rents Building Average Expired Rents (S$) Committed (1) Market Rents of Comparative Sub-Market Sub-Market Rents (S$) (S$) Cushman & Wakefield(2) Knight Frank (3) Six Battery Road 12.77 10.69 -13.50 Grade A Raffles Place 9.37 9.10-9.60 One George Street 9.62 9.00-10.60 Grade A Raffles Place 9.37 8.00-8.50 Notes: (1) Renewal/new leases committed in 4Q 2017 (2) Source: Cushman & Wakefield 4Q 2017 (3) Source: Knight Frank 3Q 2017; based on leases of a whole floor office space on the mid-floor levels of office properties, and taking into account rent free period and other concessions (4) For reference only: CBRE Pte. Ltd.'s 4Q 2017 Grade A rent is S$9.40 psf per month and they do not publish sub-market rents CapitaLand Commercial Trust Presentation February 2018 Cap/taLand Commercial Trust

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