Forterra Trust

Forterra Trust: Proposed the sale of Central Plaza in Shanghai for US$266.7m, (S$333.5m) to Central Plaza Holding Company, an entity affiliated with an investment fund managed by an affiliate of The Carlyle Group. As outlined previously on 27 Feb 2013, the Group has been actively pursuing the sale of Central Plaza for proceeds that are considered essential for the completion of The HQ, Forterra’s landmark mixed-use office and retail development in Shanghai. Occupancy rate of Central Plaza as at 31 Dec 2012 was 99.8%; Forterra trades at 0.4x P/B;