CapitaLand Commercial Trust : Payment Of Directors' Fees By Way Of Units In CapitaLand Commercial Trust

CAPITALAND COMMERCIAL TRUST

(Constituted in the Republic of Singapore pursuant to a trust deed dated 6 February 2004 (as amended))

ANNOUNCEMENT

PAYMENT OF DIRECTORS' FEES BY WAY OF UNITS IN CAPITALAND COMMERCIAL TRUST

CapitaLand Commercial Trust Management Limited (the "Manager"), as manager of CapitaLand Commercial Trust ("CCT"), wishes to announce that it has transferred 36,881 units in CCT ("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 2018.

Prior to the transfer, the Manager held an aggregate of 167,005,993 Units, which constitute approximately 4.45% of the total Units in issue. Following the above transfer, the Manager's unitholding is reduced to an aggregate of 166,969,112 Units, which constitute approximately 4.45% of the total Units in issue.

BY ORDER OF THE BOARD

CapitaLand Commercial Trust Management Limited (Registration number: 200309059W)

As manager of CapitaLand Commercial Trust

Lee Ju Lin, Audrey

Company Secretary

3 May 2019

Important Notice

The value of units in CapitaLand Commercial Trust ("Units") and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by CapitaLand Commercial Trust Management Limited (the "Manager"), as manager of CapitaLand Commercial Trust, or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.

Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that unitholders may only deal in their Units through trading on Singapore Exchange Securities Trading Limited (the "SGX-ST"). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

The past performance of CapitaLand Commercial Trust is not necessarily indicative of the future performance of CapitaLand Commercial Trust.

1Non-executivedirectors (save for directors who are employees of CapitaLand Limited) receive up to 20% of directors' fees in Units (subject to truncation adjustments). The remainder of the directors' fees is paid in cash. The Chief Executive Officer as an executive director does not receive any director's fees. The director's fees of Mr Lam Yi Young, a public officer, was paid wholly in cash to a government agency, The Directorship & Consultancy Appointments Council.