Mapletree Commercial Trust : Proposed Merger by way of a Trust Scheme of Arrangement (Dealings Disclosure)

PROPOSED MERGER OF MAPLETREE COMMERCIAL TRUST AND MAPLETREE NORTH ASIA COMMERCIAL TRUST

DEALINGS DISCLOSURE

1. INTRODUCTION
   The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch ("HSBC") refers to the joint announcement released on 31 December 2021 (the "Joint Announcement") in connection with the proposed merger (the "Merger") of Mapletree Commercial Trust ("MCT") and Mapletree North Asia Commercial Trust ("MNACT"), which will be effected through the acquisition by MCT of all the issued and paid-up units of MNACT, by way of a trust scheme of arrangement in accordance with the Singapore Code on Take-overs and Mergers (the "Code").
   HSBC is the sole financial adviser to the manager of MNACT in respect of the Merger.
   All capitalised terms used and not defined herein shall have the same meanings given to them in the Joint Announcement.
2. DISCLOSURE OF DEALINGS
   Pursuant to Rule 12.1 of the Code and the Practice Statement on the Exemption of Connected Fund Managers and Principal Traders under the Code, HSBC wishes to announce the dealings by certain entities within the HSBC group in the relevant securities of MCT on 13 January 2022, details of which are set out in the Schedule hereto.

Issued by

The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch

Date of Submission: 14 January 2022

				Schedule
				Dealings on 13 January 2022
Dealings in MCT Units
									Resultant
									total number
									of units
		Name of dealing							owned or
		entity or if				(Where the dealing			controlled by	% of
		different, the				entity is an exempt	Total		the associate
						resultant
	Date of	ultimate	Description		Number	principal trader)	amount paid		and by
	Nature of transaction		total
	dealing	beneficial owner	of Security	of units		/ received		investment
				number
		or controller of				Price per unit paid /	(S$)		accounts
						of units
		the dealing				received (S$)			under the
		entity							discretionary
									management
									of the
									associate

	Nature of
Buy/Sell	investment	Nature of dealing	Highest	Lowest
	client

13	Global Markets of	Trust units	Buy	Discretionary	Hedging of Delta 1	6,100 SGD 1.86	SGD 1.85	SGD 11,345	15,764,589	0.47%
January	the Hongkong				products created as
2022	and Shanghai				a result of	wholly
	Banking				unsolicited	client-
	Corporation				driven orders
	Limited

For Dealings in Derivatives in respect of MCT Units

					Number of
Date of	Name of dealing	Description of			shares to	Maturity	Closing out		Total amount paid
Nature of transaction	which the	[date]/[period	date (if	Reference
dealing	entity	derivative	/ received (S$)
		derivative	]	applicable)	price (S$)
					relates
			Nature of	Nature of dealing
			investment client
13	Global Markets of	Delta 1 Product	Discretionary	Closing / flattening /	6,100	08 February	13 January	SGD	SGD 11,344.99
January	HSBC Bank plc			unwinding of proprietary		2023	2022	1.859836
2022				positions arising from
				unsolicited client-driven
				dealings. I confirm this was
				done no later than the close
				of the morning trading
				session on the trading day
				following the originating
				client-driven dealing