Investor Presentaiton

Market Outlook • 3Q 2021 GDP growth was 6.5% year-on-year based on advance estimates(1) Singapore Economy • 2021 GDP growth projected between 4.0% and 6.0% (1) Singapore Retail Singapore Office (3) Germany Office Pandemic Notes: (1) Source: Ministry of Trade and Industry (2) Source: Ministry of Manpower (3) Source: CBRE Research, 3Q 2021 • Overall unemployment rate dipped slightly, from the 2.8% in Jul 2021 to 2.7% in Aug 2021(2) • Suburban retail prime rents continued to grow • Poised to benefit from improvement in economic activity and consumer sentiment with the progressive easing of border restrictions in 2022 and higher vaccination rates, barring any unforeseen setbacks • Limited supply between 2021 to 2024 with no new projects of more than 100,000 sq ft in Downtown • Grade A CBD office rents continued to recover Q-o-Q in 3Q 2021 to S$10.65 psf • CBRE expects further rental growth in the mid term underpinned by tight vacancy, limited options in next three years and rapid expansion in demand from the tech sector • Limited supply between 2021 to 2024 with larger projects' completion in 2023 and 2024 • Forecast for Germany's 2021 and 2022 GDP at 2.7% and 4.1% respectively (4) • CBRE noted office leasing market gradually returning to normal, in line with their survey on companies' space requirements post pandemic that about two-thirds of the respondent companies in Europe anticipate they will need the same or even up to 30% more space (5) • Pandemic situation continues to be fluid while economies are opening up given high levels of vaccination rate . Singapore government has maintained a cautious approach to gradual reopening • 85% of Singapore's population has completed their full regimen of COVID-19 vaccines (6) as at 15 November 2021 Singapore extended Vaccinated Travel Lane scheme to more countries • • Germany could see potential tightening of measures with new wave of infections (4) Source: European Commission: Autumn 2021 Economic Forecast for Germany (5 Source: CBRE Germany office investment market 3Q 2021 (6) Source: Ministry of Health. Please visit Ministry of Health's website for the latest COVID-19 updates CapitaLand Integrated Commercial Trust A 25

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