City Developments : BCA Awards 2016 – CDL Extends Lead in Tenant Engagement as the Most-Awarded Developer in Green Mark Pearl Category

f8e62cdf-c106-45c1-a88d-f0e4fabc0c14.pdf News Release

26 May 2016

BCA AWARDS 2016 - CDL EXTENDS LEAD IN TENANT ENGAGEMENT AS THE MOST-AWARDED DEVELOPER IN GREEN MARK PEARL CATEGORY

• Only developer to win top-tier Green Mark Pearl Prestige Award for two consecutive years

• Most-awarded developer in the Green Mark Pearl category, winning three out of the five awards given out

• Only developer to receive top honours, Quality Excellence Award - Quality Champion (Platinum) for four consecutive years, in recognition of its firm commitment and leadership in delivering high quality homes

• Over 90% of CDL's existing commercial tenants signed the Green Lease Memorandum of Understanding (MOU) under its Green Lease Partnership Programme

City Developments Limited (CDL) has emerged as the only developer to receive Building and Construction Authority (BCA) Green Mark Pearl Prestige Award for two straight years. The top-tier award recognises the concerted commitment of developers, building owners, landlords and tenants of the same building towards environmentally-friendly efforts.

Mr Grant Kelley, CDL Chief Executive Officer said, "Receiving the Green Mark Pearl Prestige Award for two consecutive years is a strong endorsement of our steadfast leadership commitment in greening our built environment. Over the years, CDL has pioneered green building innovations and championed industry-changing methods that enhance productivity, construction excellence and environmental sustainability. We have also introduced significant green property and facilities management efforts in our buildings."

"In line with BCA's 3rd Green Building Masterplan, beyond focusing on the building infrastructure, we recognise that CDL can work with our commercial tenants to play a bigger role in the green building movement. Our end-user initiatives have enabled tenants to adopt sustainable practices, achieve utility savings and lower their carbon footprint."

Developed and managed by CDL, 7 & 9 Tampines Grande is lauded with Green Mark Pearl Prestige Award for outstanding commercial tenant engagement. The Green Mark Platinum building embraces one of the largest and most extensive use of solar technology in a commercial property in Singapore. It is owned by Golden Crest Holdings Pte Ltd, a joint investment entity by CDL and Alpha Investment Partners Limited through Alpha Asia Macro Trends Fund II.

Two other CDL-managed and -developed buildings, 11 Tampines Concourse and Golden Crest Holdings-owned Central Mall (Office Tower), are also winners of BCA Green Mark Pearl Awards 2016. 11 Tampines Concourse, the first CarbonNeutral® development in Singapore and Asia Pacific, is a Green Mark GoldPLUS building, while the Central Mall (Office Tower) is a Green Mark Platinum building.

In total, CDL is the most-awarded developer in the Green Mark Pearl category, winning three out of the five awards given out this year.

Last year, CDL was the inaugural recipient of the BCA Green Mark Pearl Prestige Award for City House, a Green Mark Platinum building in the Central Business District. To date, CDL has garnered a total of two Green Mark Pearl Prestige and four Green Mark Pearl Awards - the most amongst local developers in Singapore.

In recognition of CDL's firm commitment and leadership in delivering high quality homes, the Company was also conferred the Quality Excellence Award - Quality Champion (Platinum) this year, making it the only developer to win this award for the fourth consecutive year.

CDL's Green Lease Part nership Achi e ves Over 90% Commitment Level

As part of efforts to actively engage CDL's commercial tenants to use less energy through changes in behavior and daily operations, the CDL Green Lease Partnership Programme was introduced in 2014 to support tenants in reducing their energy consumption and environmental footprint. As at March 2016, over 90% of CDL's commercial tenants have signed the CDL Green Lease MOU, pledging their commitment to monitor, manage and reduce energy consumption.

Under the Programme, CDL has a dedicated team of Green Lease Ambassadors to guide tenants on 'greening' their offices by giving advice on indoor greenery, as well as energy and water conservation measures. The team of ambassadors also act as consultants to help tenants achieve the BCA Green Mark Office Interior certification.

Tenants are also empowered to have more control over their energy consumption via an energy monitoring portal that provides real-time half hourly updates of energy consumption. As an incentive to encourage greater energy conservation amongst tenants, CDL further introduced a 1% electricity rebate for those who attain 2% savings over the previous quarter's bill.

NCR Asia Pacific, a tenant at 7 & 9 Tampines Grande, leveraged CDL's green initiatives and attained Green Mark for Office Interior Gold certification this year. CDL fitted the perimeter lights of NCR Asia Pacific's office with photocell sensors, which reduce their energy consumption and increase utility savings. NCR Asia Pacific is also a participant of CDL's paper and lamp recycling programme, whereby CDL has created collection points within the building for tenants to place used paper and lamps for recycling.

Since 2005, CDL has been tracking the paper recycling rate across its commercial properties. In CDL-managed buildings, 1,057 tonnes of paper was recycled in 2015. CDL's paper recycling programme has seen increasing tenant participation from 68% in 2005 to 94% in 2015. Under the lamp recycling programme with Global Lamp Recyclers, 14,459 lamps were recycled in 2015.

Setting New Benchmarks for Building Industry

Looking ahead, in support of the national vision for a smarter, greener and more liveable Singapore, CDL will continue to push boundaries to build quality developments that are more comfortable, resource-friendly and cater to a green and smart lifestyle.

Recently, CDL announced a partnership with the National University of Singapore (NUS) School of Design and Environment to promote innovations in smart, green building technologies. The first-of-its-kind NUS-CDL Smart Green Home and Tropical Technologies Laboratory (T² Lab) will conduct research such as developing smart building technologies for indoor and outdoor tropical environments.

By combining CDL's decades of expertise in pioneering sustainable building innovation with NUS' robust research culture, the initiatives will add greater value to homebuyers by creating practical and crucial solutions to meet their energy, security, mobility and healthcare needs.

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Please refer to:

ANNEX A - List of CDL's BCA Awards in 2016

ANNEX B - Fact Sheet on CDL's Green Mark Pearl Award Buildings ANNEX C - CDL Green Tenant Engagement Initiatives

For media queries, please contact:

Belinda Lee Head, Investor Relations and Corporate Communications City Developments Limited (Regn No: 196300316Z) Tel: (+65) 6428 9315 Email: BelindaLee@cdl.com.sg

Tan Hock Lee Senior Manager, Corporate Communications City Developments Limited Tel: (+65) 6428 9312 Email: HockLee@cdl.com.sg

ANNEX A

LIST O F CDL'S BC A AW ARDS I N 2016

CDL'S BCA AWARDS 2016 - HONOURS ROLL
Only developer to win top-tier Green Mark Pearl Prestige Award for two consecutive years Most-awarded developer in the Green Mark Pearl category, winning three out of the five awards given out Only developer to receive top honours, Quality Excellence Award - Quality Champion (Platinum) for four consecutive years, in recognition of its firm commitment and leadership in delivering high quality homes
CORPORATE AWARD
QUALITY EXCELLENCE AWARD	Quality Champion (Platinum)
PROJECT AWARDS
GREEN MARK PEARL AWARD	Pearl Prestige 7 & 9 Tampines Grande (commercial building near Tampines Central, completed in 2009) 11 Tampines Concourse (commercial building near Tampines Central, completed in 2009) Central Mall (Office Tower) (office-cum-retail building located along Magazine Road, completed in 1997) Pearl
GREEN MARK AWARD	GoldPLUS Exchange Tower (retail-cum-office building located in the prime business district at Sukhumvit Road, Bangkok, Thailand, acquired in 2005)*
UNIVERSAL DESIGN MARK AWARD	GoldPLUS H2O Residences (condominium at Sengkang West Avenue and Fernvale Link, completed in 2015) The Palette (condominium at Pasir Ris Grove, completed in 2015) The Rainforest (Executive Condominium at Choa Chu Kang Avenue 3, completed in 2015 ) Gold
CONSTRUCTION EXCELLENCE AWARD	Award 368 Thomson (condominium at Thomson Road, completed in 2014) Buckley Classique (condominium at Buckley Road, completed in 2014)