Mapletree Industrial Trust : Notice of Record Date and Distribution Payment Date

(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 29 January 2008 (as amended))

ANNOUNCEMENT

NOTICE OF RECORD DATE AND DISTRIBUTION PAYMENT DATE

26 January 2023 - Notice is hereby given that the Transfer Books and Register of Unitholders of Mapletree Industrial Trust ("MIT") will be closed at 5.00pm on Friday, 3 February 2023 for the purpose of determining Unitholders' entitlements to MIT's distribution (the "Record Date"). MIT has announced a distribution of 3.39 Singapore cents per unit in MIT ("Unit") for Third Quarter Financial Year 2022/2023 from 1 October 2022 to 31 December 2022 ("3QFY22/23 Distribution"). The 3QFY22/23 Distribution of 3.39 Singapore cents per Unit comprises a taxable income component of 2.37 Singapore cents per Unit, a tax-exempt income component of 0.95 Singapore cent per Unit and other gain component of 0.07 Singapore cent per Unit.

On 26 January 2023, Mapletree Industrial Trust Management Ltd., as manager of MIT (the "Manager") announced that the distribution reinvestment plan ("DRP") will apply to the 3QFY22/23 Distribution. The DRP will be suspended after the 3QFY22/23 Distribution.

Unitholders whose securities accounts with The Central Depository (Pte) Limited ("CDP") are credited with Units as at 5.00pm on Friday, 3 February 2023 will be entitled to 3QFY22/23 Distribution in cash or new Units. The cash distribution will be paid to Unitholders by Tuesday, 14 March 2023. Unitholders who have elected to participate in the DRP for the 3QFY22/23 Distribution will have their new Units in MIT credited and listed on the Singapore Exchange Securities Trading Limited (the "SGX-ST") on Tuesday, 14 March 2023.

Declaration for Singapore Tax Purposes

1. The tax-exempt income component of the distribution is exempt from tax in the hands of all Unitholders. No tax will be deducted at source from this component.
2. The other gain component of the distribution is not taxable in the hands of all Unitholders. No tax will be deducted at source from this component.
3. Tax will be deducted at source from the taxable income component in certain circumstances. The following paragraphs describe the circumstances in which tax will or will not be deducted from the taxable income component of the distribution.
4. The following categories of Unitholders will receive a gross distribution (i.e. no tax will be deducted from the taxable income component):
5. 1. Unitholders who are individuals and who hold the Units either in their sole names or jointly with other individuals;

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1. Unitholders which are companies incorporated and tax resident in Singapore;
2. Unitholders which are Singapore branches of companies incorporated outside Singapore;
3. Unitholders which are body of persons (excluding companies or partnerships) incorporated or registered in Singapore;
4. Unitholders which are international organisations that are exempt from tax on such distributions by reason of an order made under the International Organisations (Immunities and Privileges) Act 1948; and
5. Unitholders which are real estate investment trust exchange-traded funds which have been accorded the tax transparency treatment.

1. To receive a gross distribution, Unitholders in category 4(b) to 4(f) above must complete a prescribed form - the "Declaration for Singapore Tax Purposes Form" ("Form A").
2. These categories of Unitholders, unless they are exempt from tax because of their own circumstances, will have to pay income tax subsequently at their own applicable tax rates.
3. Unitholders in category 4(a) are not required to submit any form. The gross distribution received by these Unitholders (irrespective of their tax residence status) is exempt from tax. However, this tax exemption does not apply to such Unitholders in respect of distribution derived by them through a partnership in Singapore or from the carrying on of a trade, business or profession.
4. Tax at the reduced rate of 10% will be deducted from the distribution made to Unitholders which are:
5. 1. qualifying non-residentnon-individual; and
   2. qualifying non-resident fund.
6. A qualifying non-residentnon-individual is one who is not a resident of Singapore for income tax purposes and:
7. 1. who does not have any permanent establishment in Singapore; or
   2. who carries on any operation through a permanent establishment in Singapore, where the funds used to acquire the Units are not obtained from that operation.

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1. A qualifying non-resident fund is one that qualifies for tax exemption under section 13D, 13U or 13V of the Income Tax Act 1947 that is not a resident of Singapore for income tax purposes and:
2. 1. does not have any permanent establishment in Singapore (other than a fund manager in Singapore); or
   2. carries on any operation through a permanent establishment in Singapore (other than a fund manager in Singapore), where the funds used to acquire the Units are not obtained from that operation.
3. To receive the distribution net of tax deducted at 10%, Unitholders in categories 8(a) and (b) are required to complete Form A.
4. Beneficial owners of Units who hold Units through depository agents will receive:
5. 1. gross distribution if they are persons described in categories 4(a) to 4(f); and
   2. distribution net of tax deducted at 10% if they are Unitholders described in categories 8(a) and (b) above.
6. To receive gross distribution and distribution net of tax deducted at 10%, depository agents are required to complete the "Declaration by Depository Agents for Singapore Tax Purposes Form" ("Form B") and its annexes.
7. Form A and Form B (and its annexes) will be sent to Unitholders and depository agents respectively, by MIT's unit registrar (the "Unit Registrar"), Boardroom Corporate & Advisory Services Pte. Ltd. located at 1 Harbourfront Avenue, #14-07 Keppel Bay Tower, Singapore 098632, on or around Thursday, 9 February 2023.
8. Unitholders (Form A) and the depository agents (Form B and its annexes) will have to ensure that their duly completed forms are received by the Unit Registrar by 5.00pm on Monday, 27 February 2023. Failure to comply with any of these requirements will render Form A and Form B invalid and the Trustee and the Manager of MIT will be obliged to deduct tax at the rate of 17% from the distribution.
9. Unitholders who hold Units under the Central Provident Fund Investment Scheme and the Supplementary Retirement Scheme do not have to return any form. They will receive gross distribution.

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Distribution Reinvestment Plan

The DRP provides Unitholders with the option to receive their distributions, either in the form of Units or cash or a combination of both. A Unitholder will have the following options in respect of his distribution:

• elect to receive a cash distribution on his existing Units held; or
• elect to receive an allotment of DRP Units credited as fully paid in lieu of the cash amount of the distribution entitlement for the 3QFY22/23 Distribution only; or
• elect to receive an allotment of DRP Units, in lieu of part of the cash amount of the distribution entitlement credited as fully paid and the remaining distribution entitlement in cash.

The Manager will suspend the application of the DRP after the 3QFY22/23 Distribution.

For practical reasons and to avoid any violation of the securities laws applicable in countries outside Singapore where Unitholders may have their registered addresses (unless otherwise determined by the Manager) ("Overseas Unitholders"), the DRP will not be offered to Overseas Unitholders who have not provided to the CDP, not later than three Market Days1 prior to the Record Date, addresses in Singapore for the service of notices and documents.

The tax treatment as described above will apply for Unitholders electing to receive distributions in Units. Where deduction of income tax is applicable and the Unitholders elect to receive the distributions in Units, the number of Units to be allotted under the DRP will be computed based on the distributions net of tax deducted.

Unitholders who wish to participate in the DRP will have to ensure that the duly completed Notice of Election2 is received by the Unit Registrar by 5.00pm on Monday, 27 February 2023. Unitholders who do not wish to participate in the DRP need not complete the Notice of Election. Such Unitholders will receive their distributions in cash.

Declaration in Income Tax Return

This distribution is considered as income for the year 2023. Beneficial owners of the distribution, other than those who are exempted from tax on the distribution or who are entitled to the reduced tax rate of 10%, are required to declare the gross amount of the taxable income component of the distribution (regardless of whether the distribution is paid in cash or in the form of new Units) as taxable income in their Singapore income tax return for the year of assessment 2024.

1. "Market Day" means a day on which the SGX-ST is open for trading in securities.
2. "Notice of Election" means the one or more notices of election (in such form as the Manager may approve) which the Manager will, at its discretion, send to each Unitholder and through which each Unitholder may indicate whether they wish to participate in the DRP.

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Important Reminder

Unitholders and depository agents must complete and return Form A or Form B (and its annexes) and Notice of Election to the Unit Registrar's office by 5.00pm on Monday, 27 February 2023 in order to receive the distribution either at gross or at net (after deduction of tax at 10%) as described above.

Important Dates

Date	Event
5.00pm, Wednesday 1 February 2023	Last day of trading on "cum" basis
9.00am, Thursday 2 February 2023	Units will be traded ex-distribution
5.00pm, Friday 3 February 2023	Closure of MIT's Transfer Books and Register of
	Unitholders
5.00pm, Monday 27 February 2023	Unitholders and depository agents must have
	completed and returned Form A or Form B, as
	applicable, and Notice of Election to the Unit
	Registrar (Boardroom Corporate & Advisory
	Services Pte. Ltd. located at 1 Harbourfront
	Avenue, #14-07 Keppel Bay Tower, Singapore
	098632)
Tuesday, 14 March 2023	Payment of cash distribution, crediting of DRP
	Units to Unitholders' securities accounts and
	listing of the DRP Units on the SGX-ST

Should Unitholders have any queries in relation to these procedures, please do not hesitate to contact:

Melissa TAN

Director, Investor Relations

Tel: [phone]

Email:[e-mail]

CHENG Mui Lian

Senior Manager, Investor Relations

Tel: [phone]

Email:[e-mail]

Or visit MIT's website atwww.mapletreeindustrialtrust.com

By order of the Board Wan Kwong Weng Joint Company Secretary

Mapletree Industrial Trust Management Ltd. (Company Registration No. 201015667D) As Manager of Mapletree Industrial Trust

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