(Constituted in the Republic of Singapore pursuant to a trust deed dated 23 October 2006 (as amended))

ANNOUNCEMENT PAYMENT OF DIRECTORS' FEES BY WAY OF UNITS IN CAPITARETAIL CHINA TRUST

CapitaRetail China Trust Management Limited (the "Manager"), as manager of CapitaRetail

China Trust ("CRCT"), wishes to announce that it has transferred 27,891 units in CRCT

("Units") from its unitholding to the non-executive directors of the Manager as part payment of directors' fees1 for the financial year ended 31 December 2013.

Prior to the transfer, the Manager held an aggregate of 28,288,429 Units, which constitute approximately 3.46% of the total Units in issue. Following the above transfer, the Manager's unitholding is reduced to an aggregate of 28,260,538 Units, which constitutes approximately

3.46% of the total Units in issue.

BY ORDER OF THE BOARD

CapitaRetail China Trust Management Limited

(Company Registration No: 200611176D) As manager of CapitaRetail China Trust

Goh Mei Lan

Company Secretary

9 May 2014

Important Notice

The value of Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager, or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.
Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on the Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that unitholders of CRCT may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.
The past performance of CRCT is not necessarily indicative of the future performance of CRCT.

1 Each non-executive director (save for Directors who are employees of CapitaLand Limited or CapitaMalls Asia Limited) has received up to 20% of his director's fees in the form of Units (subject to the rounding adjustments) and the remainder has been paid in cash except the director's fee of Ms Chew Gek Khim, who resigned from the Board in February 2014, which has been paid wholly in cash. The Chief Executive Officer as an Executive Director does not receive any director's fees.

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