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For immediate release

29 July

2012 NEWS RELEASE CapitaMalls Asia acquires Olinas Mall in Tokyo Strategically located nine minutes away from JR Tokyo Station, with a catchment of over 1.

2 million Attractively priced at about S$964 per sq ft of NLA, with net property income yield in excess of 6% Singapore, Hong Kong and Tokyo,

29 July

2012 C CapitaMalls Asia Limited (SGX: JS8 and HKEx: 6813) is pleased to announce today that it has acquired Olinas Mall in Tokyo for JPY22.8 billion (S$367.3 million / HK$2.2 billion) from Tiger Eye Realty Yugen Kaisha, a special purpose vehicle of a real estate investment fund managed by Invesco Global Real Estate Asia Pacific, Inc., which is a group member of Invesco Ltd. Completed in 2006, Olinas Mall is one of the biggest and newest malls in vibrant Kinshicho in the Sumida Ward of Tokyo. Kinshicho is one of the biggest commercial areas in eastern Tokyo, which has undergone revitalisation in recent years along with the development of the world'

s tallest broadcasting and observation tower, the Tokyo Skytree C also the latest tourist attraction in Tokyo. Olinas Mall is strategically located near two train stations. It is about

400 metres away from Japan Railway ( JR ) Kinshicho Station, which is nine minutes from Tokyo Station on the Sobu Line, and about

240 metres away from the Tokyo Metro Kinshicho station. Facing the popular Kinshi Park, Olinas Mall is also within walking distance from the Tokyo Skytree. Olinas Mall is part of a large integrated development and is connected to a residential tower and an office tower. It has a total gross floor area ( GFA ) of about 583,000 square feet ( sq ft ), with total car parking capacity of

853 spaces. It is multi-tenanted and is currently at 100% occupancy. Its anchor tenants include XEBIO (a sports shop), Toho Cinemas, Babies R Us and Tokyu Store (a supermarket). Mr Lim Beng Chee, CEO of CapitaMalls Asia, said: The Kinshicho area, where Olinas Mall is located, is a growing commercial area in Tokyo that attracts an influx of tourists, young families and youths. This generates demand for shopping over and above the current catchment of over 1.2 million people within a

5 kilometre ( km ) radius. The mall is attractively priced at about S$964 (HK$5,848) per sq ft of net lettable area ( NLA ). With the recent opening of the Tokyo Skytree expected to draw more tourists and locals to the area, we are confident of the growth prospects of Olinas Mall. The current net property income ( NPI ) yield of the mall is also in excess of 6%, and has the potential to be further enhanced through tenancy remix and pro-active mall management. Our strategy in Japan is to build critical mass in a capital efficient manner and tap on local capital, and this acquisition is part of that strategy. The addition of Olinas Mall will also strengthen our portfolio in Japan and widen our retailers'

network in the region. We have seen an increased interest by Japanese retailers to expand overseas. Some of the Japanese brands we have successfully introduced in our malls outside of Japan are: earth music &

ecology, Nice Claup, Samantha Thavasa and Create Restaurants. With our portfolio of

100 malls in

52 cities in Singapore, China, Malaysia, Japan and India, we will be able to facilitate the expansion of more Japanese brands to our overseas markets. With this acquisition, CapitaMalls Asia now has eight malls in Japan. The other seven malls are: Vivit Square, La Park Mizue and Narashino Shopping Centre in Tokyo;

Izumiya Hirakata in Osaka;