Capitaland : CMA: Presentation slides - CapitaMalls Asia offers first retail bond in 2012 paying 3.8% per year to public, with step-up to 4.5%

CapitaMalls Asia offers first retail bond in 2012

paying 3.8% per year to public, with step-up to 4.5%

Singapore • China • Malaysia • Japan • India

3 January 2012 Important Notice

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES

These materials are qualified in its entirety by, and should be read in conjunction with, the full text of the offer information statement dated 3 January
2012 (the "Offer Information Statement") lodged with the Monetary Authority of Singapore (the "Authority") on 3 January 2012.
A printed copy of the Offer Information Statement may be obtained on request, subject to availability, during operating hours from selected branches of DBS Bank Ltd. (including POSB). A copy of the Offer Information Statement is also available on the Authority's OPERA website at http://masnet.mas.gov.sg/opera/sdrprosp.nsf
Anyone wishing to subscribe for the Bonds should read the Offer Information Statement in full and must make an application in the manner set out in the Offer Information Statement.
These materials are not, and do not purport to be, investment advice. Investors should also consult their own legal, tax, accounting, financial and other professional advisers to assist them in determining the suitability of the Bonds for them as an investment. Investors should make an investment only after they have determined that such investment is suitable for their financial investment objectives. Investors should consider carefully whether the Bonds are suitable for them in light of their experience, objectives, financial position and other relevant circumstances.
These materials are not a prospectus nor do they constitute an invitation or offer to acquire, purchase or subscribe for the Bonds in any other jurisdiction where it is unlawful to do so. These materials may not be forwarded to any other person and may not be reproduced in any manner whatsoever. Any forwarding, distribution or reproduction of these materials in whole or in part is unauthorized.
Nothing in these materials constitutes an offer of securities for sale in the United States or any other jurisdiction where it is unlawful to do so. Neither these materials nor any copy or portion of it may be sent or taken, transmitted or distributed, directly or indirectly, into the United States. The Bonds have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold, resold, transferred or delivered directly or indirectly, within the United States, except in certain transactions exempt from the registration requirements of the Securities Act.
In the event of any ambiguity, discrepancy or omission between these materials and the Offer Information Statement, the contents of the Offer
Information Statement shall apply and prevail.

2

Rationale of Bonds Offering to Public

• Strategic diversification of funding sources and optimisation of capital structure

• Active management of debt maturity profile and composition

• Offers opportunity for public to invest in fixed income and capital protected investment

• Builds corporate branding and profile

Bank loans

• Local

• Foreign

• Fund managers

• Sophisticated investors

Corporate bonds

Diversified debt funding sources

Retail bonds

• General public

3

Overview of Retail Bonds

Issuer	SIA	CMA	CMT	F&N
Issue Date	30-Sep-10	21-Jan-11	28-Feb-11	28-Mar-11
Tenor	5Y	1Y and 3Y	2Y	5Y and 7Y
Coupon	2.15%	1Y: 1.00% 3Y: 2.15%	2.00%	5Y: 2.48% 7Y: 3.15%

Source: Bloomberg

4

Investor Interest in Previous Retail Bond Offerings

SIA to sell five-year bonds worth S$300m

(Channel NewsAsia, 21 September 2010)

SIA offers bonds to retail investors

(Straits Times, 22 September 2010)

CapitaMall Trust expands bond offering to S$300m

(TODAY, 26 February 2011)

CMA raises S$200m from bonds issue

(Business Times, 22 January 2011)

CapitaMalls Asia's bonds oversubscribed

(Channel NewsAsia, 21 January 2011)

F&N offers $300m bonds

(Business Times, 17 March 2011)

5

Why "Bond with Us"?

Caters to investors looking for attractive fixed income and capital

protected investments

• Listed and tradable on the Main Board of the SGX-ST

• Low minimum investment of S$2,000 under the Public Offer, S$50,000 under the Placement; tradable in board lots of S$1,000

• Interest rate of 3.8% per annum for Year 1 to 5; step-up interest to 4.5% per annum for Year 6 to 10, if the Bonds are not redeemed early at the option of the Issuer

• Annually callable by Issuer, in full or in part, on and after 12 January

2017 (Year 5)

• Full principal protection and redemption at maturity

• The Bonds are guaranteed by CapitaMalls Asia Limited

6

Offer Summary

CapitaMalls Asia Treasury Limited - a wholly-owned subsidiary of

CapitaMalls Asia Limited

7

Offer Summary Interest for Year 1 to 5 3.8% per annum

Interest for Year 6 to 10	4.5% per annum if the Bonds are not redeemed early on 12 January 2017
Interest Payment Date	Payable half-yearly in arrear on 12 January and 12 July of each year
	S$1 per S$1 in principal amount of the Bonds (being 100% of the principal amount of the Bonds)
	S$1 per S$1 in principal amount of the Bonds (being 100% of the principal amount of the Bonds)
Issue Price	S$1 per S$1 in principal amount of the Bonds (being 100% of the principal amount of the Bonds)
Sole Bookrunner and Lead Manager

8

Application Details

	Public Offer via ATMs of DBS Bank Placement (including POSB), OCBC Bank and UOB Group and internet banking websites of DBS Bank and UOB Group
Minimum Application Amount	S$2,000 and incremental multiples of S$50,000 and incremental S$1,000 multiples of S$1,000
Opening date and time	9.00 am 2.00 pm 4 January 2012 3 January 2012 (Wednesday) (Tuesday)
Closing date and time	2.00 pm 9 January 2012 (Monday)	2.00 pm 9 January 2012 (Monday)
Expected Issue Date of the Bonds	12 January 2012 (Thursday)
Expected date of commencement of trading of the Bonds	13 January 2012 (Friday)

9