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Singapore • China • Malaysia • Japan • India

Proposed Shopping Mall Development

in Klang Valley, Malaysia

9 May 2012

CapitaMalls Asia Limited

Asia’s Leading Mall

Developer, Owner and Manager

Disclaimer

This presentation may contain forward-looking statements that involve assumptions, risks and

uncertainties. Actual future performance, outcomes and results may differ materially from those

expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions.

Representative examples of these factors include (without limitation) general industry and economic

conditions, interest rate trends, cost of capital and capital availability, competition from other

developments or companies, shifts in expected levels of occupancy rate, property rental income, charge

out collections, changes in operating expenses (including employee wages, benefits and training costs),

governmental and public policy changes and the continued availability of financing in the amounts and

the terms necessary to support future business. You are cautioned not to place undue reliance on these

forward-looking statements, which are based on the current view of management on future events.

The information contained in this presentation has not been independently verified. No representation or

warranty expressed or implied is made as to, and no reliance should be placed on, the fairness,

accuracy, completeness or correctness of the information or opinions contained in this presentation.

Neither CapitaMalls Asia (“CMA”) or any of its affiliates, advisers or representatives shall have any

liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or

indirectly, from any use, reliance or distribution of this presentation or its contents or otherwise arising in

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The value of shares in CMA (“Shares”) and the income derived from them may fall as well as rise.

Shares are not obligations of, deposits in, or guaranteed by, CMA or any of its affiliates. An investment in

Shares is subject to investment risks, including the possible loss of the principal amount invested.

2 Proposed Shopping Mall Development In Klang Valley, Malaysia *May 2012*

• Project Highlights

• Rationale

• Summary

Contents

Proposed Shopping Mall Development In Klang Valley, Malaysia *May 2012* 3

4 Project Highlights Queensbay Mall, Penang, Malaysia

CMA’s First Development Project in Malaysia

New shopping mall will cater to under-served

retail needs of established residential district

• Strategically located in the established Taman Melawati residential

district in Klang Valley, Malaysia

• Serves a ready catchment population of around 800,000 people within

10 minutes’ drive

• Freehold site with an area of approximately 242,000 sq ft

• Net lettable area of approximately 635,000 sq ft1

• Target opening: 2016

• Development cost of approximately RM500.0 million (S$204.5 million)

1. Subject to the relevant regulatory approvals


Strategic Location

• Sited along arterial

Middle Ring Road 2

(MRR2)

• Accessible via

DUKE Expressway

and Ampang-KL

Elevated Highway

(AKLEH)

• 20 minutes’ drive

from Kuala Lumpur

City Centre (KLCC)


Joint Venture Structure: 50/50

To develop a shopping mall in Taman Melawati, the Klang Valley, Malaysia

Estimated development cost of approximately RM500.0 million (S$204.5 million)

Joint Venture

Company

50% 50%

“CMA” “SDP”


Proposed Shopping Mall Development In Klang Valley, Malaysia *May 2012*

Site Information

Location Located in Taman Melawati, an established and affluent

residential district north-east of Kuala Lumpur city centre

and part of the Klang Valley. It is bounded by the

established residential areas of Taman Melati, Wangsa

Maju, Taman Permata and Kemensah Heights. It is also

near one of the most established international schools in

Kuala Lumpur, as well as tourist destinations such as Batu

Caves and the National Zoo.

Site area ~ 242,000 sq ft

Total NLA ~ 635,000 sq ft

Target to open 2016

Tenure Freehold

Total PDE ~ RM500.0 million (S$204.5 million)

8

Rationale The Mines, Selangor, Malaysia

Rationale for the Development

Strategic Location in Taman Melawati 1

Synergistic Partnership 2

Strengthening CMA’s Foothold in Malaysia 3

Strengthening SDP’s Foothold in Commercial Development and Transforming Melawati

4


Source: Google Maps

Proposed

shopping mall

TAMAN MELAWATI

MELAWATI TOWN CENTRE

Strategic Location in Taman Melawati 1

The development will be the first large “one-stop” shopping mall in the area

• Strategically situated

in the mature

residential precinct of

Taman Melawati

• Easily accessible and

well served by major

highways

• Catchment population

of about 800,000

people within 10

minutes’ drive

• 635,000 square feet of

net lettable area - no

other mall of similar

size in the vicinity


CapitaMalls Asia is Asia’s leading mall developer, owner and manager

• CapitaMalls Asia is one of the largest listed shopping mall developers, owners

and managers in Asia by total property value of assets and by geographic

reach

• 99 shopping malls with a total property value1 of approximately S$29.5 billion

Notes

1. Aggregate property value of the properties in CMA’s portfolio (where the property value of each of the properties is taken in its entirety regardless of the extent of

CMA’s interest)

Queensbay Mall

Penang, Malaysia The Celebration Mall

Udaipur, India

Vivit Square

Tokyo, Japan

ION Orchard,

Singapore

Hongkou Plaza, Shanghai

China

2 Synergistic Partnership

12 Proposed Shopping Mall Development In Klang Valley, Malaysia *May 2012*


Sime Darby Property is Malaysia’s largest property developer in terms of landbank

Sime Darby

Property

Townships

Seri Pilmoor,

Ara Damansara

Ficus Peak,

Denai Alam

Delora,

Bandar Bukit Raja Isola,

Subang Jaya

• Land bank of 17,000 acres (another

18,700 acres for future development)

• Built 10 townships with communities of

about 80,000 families and 400,000

residents

• Developments include Themed

Township Development and Niche and

Integrated Development which

comprise residential and commercial

buildings.

• Strong presence in Malaysia (Klang

Valley & Negeri Sembilan) and

internationally (Singapore, Vietnam,

China, Australia & United Kingdom)


Queensbay Mall1, Penang East Coast Mall2, Kuantan

1. CapitaMalls Asia owns 90.7% of the retail strata area of Queensbay Mall.

2. CapitaMalls Asia through CapitaMalls Malaysia Trust owns Gurney Plaza in Penang, The Mines in Selangor, East Coast Mall in Kuantan and 61.9%

of the retail strata area and 100% of the car park area of Sungei Wang Plaza in Kuala Lumpur.

3

MALAYSIA

CMA’s 6th mall in Malaysia, deepening its presence in Klang Valley

Strengthening CMA’s Foothold in

Malaysia

Sungei Wang Plaza2, Kuala Lumpur The Mines2, Selangor Gurney Plaza2, Penang


• Enhancement of land value - the shopping mall is expected to serve as a catalyst to

enhance the value of the surrounding area

• Market demand - the synergistic benefits of the shopping mall to Melawati Township

are significant. It will provide opportunities for the proposed retail mall to tap into

substantial purchasing power represented by the middle income segments residing in

these developments and increase the vibrancy of the surrounding residential

developments, including housing estates of Taman Melawati and Desa Melawati.

• In line with the Malaysian Government’s objective to improve the community lifestyle

and transform the Melawati town centre into a commercial destination - 'East KL'. The shopping mall is part of the bigger Melawati Urban Renewal Development.


4

Eleven Avenue, Bandar Bukit Raja

E-Boulevard, Denai Alam

Oasis, Ara Damansara

D’Vida, Bukit Jelutong


Gurney Plaza, Penang Summary

Summary

Strategic Location in

Taman Melawati 1


Strengthening CMA’s

Foothold in Malaysia 3

• Site located in established residential district north-

east of Kuala Lumpur city centre

• Catchment population of around 800,000 people

within 10 minutes’ drive

• Win-win collaboration

• CMA – Asia’s leading mall developer, owner and

manager

• SDP – Malaysia’s largest property developer

• 6th mall for CMA in Malaysia

• Deepen presence in Klang Valley


4

• Enhance land value

• Synergistic benefits and market demand

• Align with Government’s objectives


Thank You For enquiries from analysts & investors

Please contact:

Brenda Ng

Investor Relations

Tel: (65) 6826 1188

Email: [email protected]

18

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