CapitaLand Real Estate Private Equity Funds Overview

14 ; Streamlined Cashflow From REITS Before After Legend CapitaLand CMA REITS Dividend Distribution ← Ownership CapifaLand REITS FY 2014 REIT Distributions of S$269.5 million • 3 tiers of 9 listed entities¹ reduced to 2 tiers of 6 listed entities . • Enables cash to flow more efficiently and for CapitaLand to make strategic capital allocation decisions CapitaLand now have access to all REIT distributions Streamlined Organisational Structure Crucial For Capital Management Note: 1) Include listed REITs: CapitaCommercial Trust, Quill Capita Trust, CapitaMall Trust, Capita Retail China Trust, Capita Malls Malaysia Trust, Ascott Residence Trust CapitaLand

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