CapitaLand Malaysia Mall Trust | Annual Report 2020

SALIENT FEATURES OF CMMT Fund Name CapitaLand Malaysia Mall Trust (CMMT) Fund Category Real Estate Investment Trust Fund Type Income Fund Duration CMMT shall terminate on the earlier of: › the occurrence of any of events listed in Clause 25.2 of the Deed 1 ; or › the expiration of a period of twenty-one (21) years after the death of the last survivor of the issue now living of His Majesty, the current Yang di-Pertuan Agong of Malaysia or until such further period as the lawmay permit. Authorised Investments Real estate, non-real estate assets, cash, deposits and money market instruments in accordance with the REITs Guidelines 2 and the Deed. Authorised Investments Limits › At least 75% of CMMT’s total asset value must be invested in real estate that generates recurrent rental income at all times; and › Such other investments or limits as may be permitted by SC and/or the REITs Guidelines. Distribution Policy Payout policy ratio: › At least 90.0% of CMMT’s distributable income of each financial year. › Semi-annual distribution payment for the six-month period ending 30 June and 31 December of each year. Borrowing Limitations Up to 60.0% (FY 2019: 50.0%) of CMMT’s total asset value at the time the borrowings or financing facilities or deferred payment arrangements are incurred. As announced by the Securities Commission on 12 August 2020, the gearing limit for Malaysia Real Estate Investment Trusts was temporarily increased from 50% to 60% until 31 December 2022. Performance Benchmarks › FTSE Bursa Malaysia Kuala Lumpur Composite Index › FTSE Bursa Malaysia EMAS Index › Bursa Malaysia REIT Index Revaluation Policy Valuation of investment properties are carried out: › Annually based on independent professional valuation; and › When a real estate is to be acquired or disposed by CMMT. Management Fee › Base Fee: up to 1.0% per annum of the value of Deposited Property 3 (FY 2020 actual: 0.29%) › Performance Fee: up to 5.0% per annum of NPI (before Management Fee) (FY 2020 actual: 4.75%) › Acquisition Fee: up to 1.0% of the purchase price of any Authorised Investments directly or indirectly acquired by the Trustee on behalf of CMMT › Divestment Fee: up to 0.5% of the sale price (after deducting the interest of any co-owners or co-participants) of any Authorised Investments directly or indirectly sold or divested by the Trustee on behalf of CMMT Financial Year 1 January 2020 to 31 December 2020 Listing Market Main Market of Bursa Malaysia Securities Berhad Minimum Investment 100 units per board lot Bursa Securities Stock Name/Code CMMT 5180 1 The Deed dated 7 June 2010 (as amended and restated on 28 October 2020) entered into between the Manager and the Trustee. 2 Guidelines on Listed Real Estate Investment Trusts. 3 As defined in the Deed, the value of Deposited Property is equal to all the assets of CMMT (total asset value). 11 BECAUSE TOMORROW MATTERS