MGCCT (IPO)

MGCCT: Termsheet details as follows. Price Range: $0.88 – 0.93 per unit Base Offer Size: 1,730,111,000 units (Up to S$1.6 bn, 100% Primary) Over-Allotment Option: 79,851,000 units (Up to S$74 mm, 100% secondary. 4.6% of Base Offer) Base Offer Tranches: - Global Placement: 511,279,000 Units, 29.6% of Base Offer (Up to S$475 mm) - Singapore Public Offer: 265,357,000 Units, 15.3% of Base Offer (Up to S$247 mm) - Cornerstone: 953,475,000 Units, 55.1% of Base Offer(Up to S$887 mm) Offer Size % of MCap: - 65% (pre over-allotment option), - 68% (post over-allotment option) Total Units (Post IPO): 2,661,709,000 units Sponsor: Mapletree Investments Pte Ltd (“MIPL”) Sponsor Stake: - 35% (pre over-allotment option) - 32% (post over-allotment option) Gearing at IPO: 43.0% (Net gearing of 40.0%) Lock-up Period: 6 month lockup for 100% of units and additional 6 month lockup for 50% of units held by the Sponsor Use of Proceeds: Acquisition of IPO portfolio properties and working capital Selling Restrictions: Reg S Only JGCs: Citi, DBS, GS, HSBC JBRs: Citi, DBS, GS, HSBC Indicative Timetable Feb 15 MAS Lodgement Feb 25 Pricing Feb 27 Allocation / MAS Registration Feb 28 – Mar 5 Public Offer Period Mar 7 Listing / Trading