As at the close of the Public Offer at 2.00 p.m. on 9 January 2012, valid applications in respect of approximately S$465 million in aggregate principal amount of CMA bonds, at the issue price of 100 per cent. under the Public Offer, were received.

As the total valid applications in respect of the Placement and the Public Offer have exceeded S$200 million in aggregate principal amount of Bonds, the Issuer has decided to exercise the right, in consultation with the Lead Manager, to upsize the Offer and issue an additional S$200 million in aggregate principal amount of Bonds, of which S$120 million will be allocated to the Public Offer.

All applicants who submitted valid applications for the CapitaMall Asia bonds under the Public Offer will be allocated a proportion of the bonds for which such applicants have applied for. The allocations are as follows:

Range of principal amount of Bonds applied for under the Public Offer (S$’000) | Principal amount of Bonds under the Public Offer allocated per applicant (S$’000)

2 | 2
3 | 3
4 | 4
5 to 9 | 5
10 to 19 | 6
20 to 29 | 10
30 to 49 | 15
50 to 99 | 24
100 to 149 | 44
150 to 199 | 66
200 to 299 | 85
300 to 499 | 125
500 to 999 | 191
1,000 to 1,999 | 365
2,000 and above | 616

It is expected that the CMA bonds will be listed for quotation on the Main Board of the SGX-ST on 13 January 2012 and that trading of the bonds will commence with effect from 9.00 a.m. on the same date, subject to the SGX-ST being satisfied that all conditions necessary for the commencement of trading in the Bonds have been fulfilled.

The CapitaMall Asia bonds will be traded on the Main Board of the SGX-ST under the trading name “CapMallA3.8%b220112″.

CapitaMalls Asia, through its wholly-owned subsidiary CapitaMalls Asia Treasury, will be raising $200 million through a bond issue. Half of the CMA bond issue will be for public application while the other half will be for private placement.

The CapitaMalls Asia bonds will have a term of ten years from their date of issue and will mature on 12 January 2022. The bonds will be fully tradeable in the secondary market on the SGX.

For the first 5 years (starting from 12 January 2012), the Bonds will bear interest at the rate of 3.8% per annum. Interest will be payable semi-annually in arrear.

For the next 5 years (starting from 12 January 2017), in the event that the Bonds are not redeemed or purchased and cancelled, the Bonds will bear interest at the rate of 4.5% per annum.

The bonds are callable yearly at par by the issuer, in whole or in part, on 12 January 2017, 12 January 2018, 12 January 2019, 12 January 2020 and 12 January 2021, or if such date falls on a day which is not a Singapore business day, the immediately following Singapore business day.

The CapitaMalls Asia bonds will be available using cash only (No CPF or SRS). In the event of oversubscription, the issuer shall have the right to issue up to an additional S$200 million of bonds.

The full offer information statement can be found here:

Capitamalls Asia Bond OIS

Just for comparison, recent public bond issues in the past two years include:

• SIA 5-year giving 2.15% p.a.
• CapitaMalls Asia 1-year and 3-year bonds giving 1% and 2.15% p.a. respectively
• CapitaMalls Trust 2-year giving 2% p.a.
• F&N 5-year and 7-year giving 2.48% and 3.15% p.a. respectively

Key dates

Opening date and time for applications for the Bonds under the Placement : 3 January 2012 at 2.00 p.m.

Opening date and time for applications for the Bonds under the Public Offer : 4 January 2012 at 9.00 a.m.

Last date and time for applications for the Bonds under the Placement and Public Offer: 9 January 2012 at 2.00 p.m.

Last date and time for applications for the Bonds under the Public Offer: 9 January 2012 at 2.00 p.m.

Commence returning or refunding of application moneys to unsuccessful or partially successful applicants: 11 January 2012

Expected date of issue of the Bonds: 12 January 2012

Expected date of commencement of trading of the Bonds on the Main Board of the SGX-ST: 13 January 2012

Application Process

The issue price for the Bonds is S$1 per S$1 in principal amount of the Bonds (being 100 per cent. of the principal amount of the Bonds). Bonds applied for under the public offer are payable in full upon application. You will need your own CDP account to apply for the public offer.

Under the public offer, the minimum subscription is S$2,000 in principal amount of Bonds or higher amounts in integral multiples of S$1,000 thereof.

Investors can apply for the Bonds under the Public Offer at any ATM of DBS Bank Ltd. (including POSB), Oversea-Chinese Banking Corporation Limited and United Overseas Bank Limited and its subsidiary, Far Eastern Bank Limited, and the internet banking websites of DBS Bank Ltd. and United Overseas Bank Limited.

Under the Placement, the minimum subscription is S$50,000 in principal amount of Bonds or higher amounts in integral multiples of S$1,000 thereof. Applications for the Bonds under the Placement may only be made directly through DBS Bank Ltd., who will determine, at its discretion, the manner and method for applications under the Placement.