CapitaLand Mall Trust : In Relation To The Proposed Merger Of CapitaLand Commercial Trust And CapitaLand Mall Trust By Way Of A Trust Scheme Of Arrangement - Dealings Disclosure

IN RELATION TO THE PROPOSED MERGER OF CAPITALAND COMMERCIAL TRUST AND CAPITALAND

MALL TRUST BY WAY OF A TRUST SCHEME OF ARRANGEMENT

DEALINGS DISCLOSURE

1. INTRODUCTION
   On 22 January 2020, the respective boards of directors of CapitaLand Commercial Trust Management Limited (the "CCT Manager"), as manager of CapitaLand Commercial Trust ("CCT"), and CapitaLand Mall Trust Management Limited, as manager of CapitaLand Mall Trust ("CMT"), announced (the "Joint Announcement") the proposed merger (the "Proposed Merger") of CCT and CMT. The Proposed Merger is proposed to be effected through the acquisition of all the units held by unitholders of CCT (the "CCT-Units") in exchange for a combination of cash and units in CMT (the "CMT-Units") by way of a trust scheme of arrangement in compliance with the Singapore Code on Take-overs and Mergers. Credit Suisse (Singapore) Limited ("CS Singapore") is the sole financial adviser to the CCT Manager in relation to the Proposed Merger, and CS Singapore is part of Credit Suisse Group AG and its subsidiaries (the "CS Group").
   All capitalised terms used and not defined herein shall have the same meanings as ascribed to them in the Joint Announcement.
2. DEALINGS
   Pursuant to Rule 12.1 of the Code and the Practice Statement on the Exemption of Connected Fund Managers and Principal Traders under the Code issued by the Securities Industry Council on 1 February 2018 (the "Practice Statement"), CS Singapore wishes to announce the dealings in relevant securities by CS Singapore and its associates on 23 January 2020.
   The resultant holdings in securities following the transactions on 23 January 2020 is 26,232,597, and the resultant total percentage is 0.7111%1.

Issued by

CREDIT SUISSE (SINGAPORE) LIMITED

24 January 2020

1 The percentage shareholding is computed based on the total issued equity capital of CMT being 3,688,804,100 CMT-Units, as set out in the Joint Announcement.

DEALINGS ON 23 JANUARY 2020

Party Involved	Type of	Nature of Investment Clients and	Date of Dealing	Total Number	Price Transacted and (in	(In relation to transactions
	Security	Nature of Dealing		of Securities /	relation to transactions	involving Exempt Principal
	(CCT-Units,			Reference	involving Exempt	Traders) Highest and
	CMT-Units			Securities (as	Principal Traders) Total	Lowest Prices Paid and/or
	Convertible			applicable)	Amount Paid and/or	Received
	Securities,				Received
	Options,
	Warrants or
	Derivatives)
Credit Suisse	Derivatives	Purchase of cash settled swap	23 January	4,500	S$ 2.62 / S$ 11,790	Highest: S$ 2.62 and
AG, Dublin	in respect	derivative from non-discretionary	2020			Lowest: S$ 2.62
Branch	of CMT-	client in order for client to unwind
	Units	their derivative position with
		trade date 23 January 2020 and
		settlement date 28 January 2020
		("Trade A").
Credit Suisse	Derivatives	Purchase of cash settled swap	23 January	226,200	S$ 2.57 / S$ 581,334	Highest: S$ 2.57 and
AG, Dublin	in respect	derivative from non-discretionary	2020			Lowest: S$ 2.57
Branch	of CMT-	client in order for client to unwind
	Units	their derivative position with
		trade date 23 January 2020 and
		settlement date 28 January 2020
		("Trade B").
Credit Suisse	Derivatives	Purchase of cash settled swap	23 January	11,900	S$ 2.57 / S$ 30,583	Highest: S$ 2.57 and
AG, Dublin	in respect	derivative from non-discretionary	2020			Lowest: S$ 2.57
Branch	of CMT-	client in order for client to unwind
	Units	their derivative position with
		trade date 23 January 2020 and
		settlement date 28 January 2020
		("Trade C").

Credit Suisse	Derivatives	Sale of cash settled swap	23 January	76,000	S$ 2.593141 / S$	Highest: S$ 2.62 and
AG, Dublin	in respect	derivative from non-discretionary	2020		197,078.72	Lowest: S$ 2.57
Branch	of CMT-	client in order for client to unwind
	Units	their derivative position with
		trade date 23 January 2020 and
		settlement date 28 January 2020
		("Trade D").
Credit Suisse	CMT-Units	Sale of securities from previous	23 January	4,500	S$ 2.62 / S$ 11,780.27	Highest: S$ 2.62 and
Securities		hedge purchase of cash settled	2020			Lowest: S$ 2.62
(Europe)		swap derivatives referred to
Limited		above in Trade A
Credit Suisse	CMT-Units	Sale of securities from previous	23 January	11,900	S$ 2.57 / S$ 30,557.78	Highest: S$ 2.57 and
Securities		hedge purchase of cash settled	2020			Lowest: S$ 2.57
(Europe)		swap derivatives referred to
Limited		above in Trade C
Credit Suisse	CMT-Units	Sale of securities from previous	23 January	226,200	S$ 2.57 / S$	Highest: S$ 2.57 and
Securities		hedge purchase of cash settled	2020		580,854.40	Lowest: S$ 2.57
(Europe)		swap derivatives referred to
Limited		above in Trade B
Credit Suisse	CMT-Units	Purchase of securities from	23 January	76,000	S$ 2.59315 / S$	Highest: S$ 2.62 and
Securities		previous hedge purchase of cash	2020		197,079.40	Lowest: S$ 2.57
(Europe)		settled swap derivatives referred
Limited		to above in Trade D