Overwhelming Demand for Private Placement

1 1 NEWS RELEASE For Immediate Release 22 April 2005 Overwhelming Demand for Private Placement More than 5 times subscribed Singapore, 22 April 2005 CapitaCommercial Trust Management Limited (CCTML), the manager of CapitaCommercial Trust (CCT), is pleased to announce that it has received indications of interest of more than 5 times the 29,154,000 New Units available for subscription under the Private Placement as at 9 pm (Singapore time) yesterday, just 6 hours after the commencement of the Private Placement . In view of the Overwhelming Demand , DBS Bank Ltd and The Hongkong and Shanghai Banking Corporation Limited, joint lead managers and underwriters for the equity fund raising exercise, have, in consultation with CCTML, decided to close the book of orders for the Private Placement .

2 Said Mr Martin Tan, Chief Executive Officer of CCTML, We are very pleased with the Overwhelming investor response for the Private Placement . The Demand comes from a wide spectrum of investors including institutional investors and high net worth individuals, both local and foreign. This clear endorsement of the Private Placement reflects the strong investor confidence in CCT. In view of the response, we expect the take-up for the ATM Offering, which opens at 11 today, to be similarly strong. The ATM Offering to retail investors, comprising 28,000,000 New Units will open for applications at the DBS/POSB ATMs at 11 today on a first-come, first-served basis.

3 The expected trading time and date for the New Units is on 29 April 2005. About CapitaCommercial Trust Listed on 11 May 2004, CCT is Singapore s first commercial property REIT. Its aim is to own and invest in real estate and real estate-related assets which are income-producing and used, or predominantly used, for commercial purposes. CCT currently owns a S$ billion portfolio of seven prime properties in the Central Business District of Singapore. The properties are Capital 2 Tower, 6 Battery Road, Starhub Centre, Robinson Point, Bugis Village, Golden Shoe Car Park and Market Street Car Park. CCT is managed by an external manager, CCTML, which is an indirect wholly owned subsidiary of CapitaLand Limited, one of the largest listed real estate companies in Asia.

4 Visit CCT s website at for more details. Issued by CapitaCommercial Trust Management Limited (Company registration no. 200309059W) For media enquiries, please contact: Julie Ong, DID: (65) 6823 3541; Email: For analyst enquiries, please contact: Lee Eu Jin, DID: (65) 6826 5737; Email: Important Notice This release may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business.

5 You are cautioned not to place undue reliance on these forward looking statements, which are based on current view of management on future events, which are based on CCTML s current view on future events. All forecasts and projections are based on the issue price of S$ per New Unit and on CCTML s assumptions as explained in the offer information statement lodged with the Monetary Authority of Singapore on 21 April 2005 in connection with the equity fund raising ( Offer Information Statement ). Such yields will vary accordingly for investors who purchase Units in the secondary market at a market price higher or lower than such issue price.

6 The forecast and projected financial performance of CCT is not guaranteed and there is no certainty that any of it can be achieved. Investors should read the whole of the OIS for details of the forecasts and projections and consider the assumptions used and make their own assessment of the future performance of CCT before deciding whether to subscribe for New Units. The value of units in CCT ( Units ) and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.

7 Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. This release is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The past performance of CCT is not necessarily indicative of the future performance of CCT.