IPO for Singapore's first property trust, CapitaMall Trust

213 mln units to be offered to the public and institutional investors

CapitaMall Trust Management Limited, the manager of CapitaMall Trust and an indirect wholly-owned subsidiary of CapitaLand Limited, is pleased to announce that it is launching an initial public offering of 213 million units in CMT, Singapore’s first listed real estate investment trust, today. The total number of units in CMT after the Offer is 738 million.

CMT owns three major Singapore shopping malls: Tampines Mall, Junction 8 Shopping Centre and Funan The IT Mall.

The Offer is opened to retail and institutional investors concurrently today. The Offer closes at 11 a.m. on 11 July 2002 and the price of each unit (within the price range of S$0.90 to S$0.96) will be determined on the same day. Trading on a “ready” basis on Singapore Securities Exchange Trading Limited ('SGX-ST') is expected on 17 July 2002.

For more information please visit www.capitaland.com.

(source: CapitaLand)

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