Footnotes:

1. CapitaMall Trust (“CMT”) has not disclosed any forecast to the market for the year 2009.
2. In 3Q 2009, CMT received distribution income from CapitaRetail China Trust (“CRCT”) for the period 1 January 2009 to 30 June 2009. As distribution income is receivable from CRCT on a semi-annual basis, CMT is distributing the distribution received over two quarters. Hence, distribution income for 3Q 2009 includes approximately S$2.2 million of net tax-exempt income from CRCT , after interest expense of S$0.3 million. Approximately S$2.5 million of distribution income from CRCT in 3Q 2009 has been retained for distribution in 4Q 2009.
3. This included release of S$4.8 million of taxable income available for distribution to holders of Units in CMT (“Units” and holders of Units, “Unitholders”) retained in 1st half ended 30 June 2009 and S$2.2 million of net tax-exempt distribution (after interest expense of S$0.3 million) from CRCT retained in 3Q 2009.
4. DPU in the table above is computed on the basis that none of the S$650.0 million convertible bonds due 2013 (the “Convertible Bonds”) are converted into Units before the books closure date. Accordingly, the actual quantum of DPU may differ from the table above if any of the Convertible Bonds are converted into Units before the books closure date.
5. Refers to actual DPU for the respective years.
6. Prior year DPUs have been restated with the effects of Rights Issue and are computed based on the issued Units at end of each quarter plus 1,502,358,923 Rights Units pursuant to the underwritten renounceable 9-for-10 Rights Issue.

1. Included as part of the other property operating expenses are the following:
   

   	Group			Trust
   	4Q 2009 S$'000	4Q 2008 S$'000	% Change	4Q 2009 S$'000	4Q 2008 S$'000	% Change
   Depreciation and amortization	257	367	(30.0)	172	169	1.8
   Bad debts written off	(4)	(1)	NM	7	(1)	NM

2. Investment income relates to distributable income from RCS Trust.
3. Share of profit of associate relates to the equity accounting of CRCT's results on a 3 month lag basis.
4. This relates to the fair value change on re-measurement of the derivatives arising on the Convertible Bonds and interest rate swaps.
5. This includes 100% share in CRS's and CMT MTN's income tax.
6. Included in the non-tax deductible items are the following:
   

   	Group			Trust
   	4Q 2009 S$'000	4Q 2008 S$'000	% Change	4Q 2009 S$'000	4Q 2008 S$'000	% Change
   Non-tax deductible items
   - Asset management fees	2,874	4,311	(33.3)	1,633	3,072	(46.8)
   - Trustee's fees	226	228	(0.9)	193	194	(0.5)
   - Temporary differences and other adjustments(A)	3,702	3,527	5.0	4,542	3,274	38.7
   Net effect of non-tax deductible items	6,802	8,066	(15.7)	6,368	6,540	(2.6)

   
   
   ^(A)4Q 2009 includes the amortisation costs of S$6.2 million relating to the Convertible Bonds, the interest and borrowing cost of S$0.3 million which has been deducted against distribution income from CRCT and other non-tax deductible items that are non income generating. 4Q 2008 includes the amortisation costs of S$5.9 million relating to the Convertible Bonds, the interest and borrowing cost of S$1.0 million which has been deducted against distribution income from CRCT and other non-tax deductible items that are non income generating.
   
   
7. Distribution income for 4Q 2009 includes release of S$4.8 million retained in 1st half ended 30 June 2009 and S$2.2 million of distribution income from CRCT, after interest expenses of S$0.3 million, retained in 3Q 2009.
   
   Distribution income for 4Q 2008 included release of S$5.5 million retained in 1Q 2008 and S$0.6 million of net capital distribution income and net tax-exempt income (after interest expense of S$1.0 million) from CRCT retained in 3Q 2008.
   
   NM – not meaningful

Balance Sheet
As at 31 Dec 2009 vs 31 Dec 2008

1. Investment properties are stated at valuation performed by independent professional valuers as at 31 December 2009.
2. Interest in subsidiaries includes cost of investment in CRS and CMT MTN.
3. Interest in associate consists of cost of investment in CRCT. Aggregate investment in CRCT amount to 122,705,000 Units in CRCT at a cost of S$130.8 million.
4. Includes investment in S$213.0 million of junior bonds issued by CRS and S$350.0 million of intercompany loan to CRS.
5. Include S$15.0 million mainly placed in fixed deposit with bank and pledged with SM.
6. On 3 February 2009 and 16 March 2009, a total of S$30.0 million RCF has been repaid.
   On 2 April 2009 and 8 May 2009, CMT Group has repaid the bridge loan facility of S$200.0 million and fixed rate notes of S$80.0 million issued by CMT TN under the unsecured multi-currency medium term note programme.
   At the CMT Group level, CRS has repaid the fixed rate term loan of S$320.0 million and RCF of S$26.2 million on 9 April 2009.
   On 2 August 2009, CMT has repaid S$335.0 million term loan issued by Silver Maple.
   In addition, S$440.0 million previously classified as long term borrowings as at 31 December 2008 have been reclassified as short term borrowings.
7. On 2 July 2008, CMT issued the Convertible Bond convertible into new Units. The net proceeds from the issue of the Convertible Bonds were applied towards the acquisition of Atrium on 15 August 2008.
   Financial derivatives as at 31 December 2009 relate mainly to the fair value of the derivatives arising from the Convertible Bonds.
   Debt Securities relates mainly to the Convertible Bonds, adjusted for the fair value of derivatives, net of fee and expenses incurred for the debt raising exercise amortised over 5 years.
8. At Group level, Raffles City Singapore has drawn down a total of S$32.0 million of RCF on 5 January 2009, 8 May 2009 and 13 November 2009 and CMT's 40% interest is S$12.8 million.
   
   NM - not meaningful

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