CapitaLand India Trust Management Pte. Ltd. (in its capacity as trustee-manager of CapitaLand India Trust ("CLINT")) announced that CLINTMPL, as trustee-manager of CLINT, has entered into a SGD 150 million sustainability-linked term loan facility agreement with DBS Bank Ltd. on 9 May 2024, and that under the Facility Agreement: (a) a mandatory prepayment event would occur if CapitaLand Investment Limited ("CLI") does not own or ceases to own (directly or indirectly, through any of CLI's wholly-owned subsidiaries) at least 51% of the issued and paid-up capital of CLINTMPL; and (b) an event of default would occur if CLINT is terminated pursuant to the provisions of the Trust Deed dated 7 December 2004 (as amended and/or re-stated from time to time), and/or if CLINTMPL ceases to be the trustee-manager of CLINT. (collectively, the "Trigger Events").

If any of the Trigger Events occur and CLINTMPL fails to pay the outstanding amounts due and payable under the Facility Agreement, it may trigger cross defaults under other facilities, debt issues and borrowings of CLINT and/or its subsidiaries (collectively, together with the facility under the Facility Agreement, "Borrowings"). The aggregate level of Borrowings which are outstanding and that may be affected is approximately SGD 1,483 million (excluding interest) as at 9 May 2024.