CapitaLand India Trust : EGM Presentation Slides

CAPITALAND INDIA TRUST

Extraordinary

General Meeting

17 April 2023, 4.00 p.m.

(or as soon thereafter following the conclusion or adjournment of the annual general meeting of CLINT to be held at 2.30 p.m. on the same day and at the same place)

Disclaimer

This presentation on the Proposed Acquisition of International Tech Park Pune - Hinjawadi, Pune, India and the Proposed Sponsor Subscription should be read in conjunction with CLINT's announcement and the Circular dated 24 March 2023, which are available on

www.sgx.comor www.clint.com.sg.

This presentation may contain forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other developments or companies, shifts in customer demands, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training, property operating expenses), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business.

You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management regarding future events. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither CapitaLand India Trust Management Pte. Ltd. ("Trustee-Manager") nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use of, reliance on or distribution of this presentation or its contents or otherwise arising in connection with this presentation.

The past performance of CapitaLand India Trust ("CLINT") is not indicative of future performance. The listing of the units in CLINT ("Units") on Singapore Exchange Securities Trading Limited ("SGX-ST") does not guarantee a liquid market for the Units. The value of the Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Trustee-Manager. An investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the Trustee-Manager redeem or purchase their Units while the Units are listed on the SGX-ST. It is intended that holders of Units may only deal in their Units through trading on the SGX-ST.

This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units.

Capitalised terms used herein, unless otherwise defined, shall have the meanings ascribed to them in the Circular dated 24 March 2023.

All measurements of floor area are defined herein as "Net Lettable Area " or "NLA", which is the sum of the floor area enclosed within the walls, the area occupied by the walls, and the common areas such as the lobbies, lift shafts, toilets and staircases of that property, and in respect of which rent is payable.

The Indian Rupee and Singapore Dollar are defined herein as "INR/₹" and "SGD/S$" respectively.

Any discrepancy between individual amounts and total shown in this presentation is due to rounding.

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Extraordinary General Meeting

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Overview

International Tech Park Pune - Hinjawadi

Transaction Rationale

Particulars	Description
	▪ Pune has emerged as a major hub for IT/ITES tenants over the past decade
Expand presence in	▪ CLINT currently owns aVance Pune which is in the same micro-market, and has an NLA of 1.5 million sq ft
Pune
	▪ The proposed acquisition would expand CLINT's portfolio in Pune by ~150% to 3.8 million sq ft
Quality Tenant Profile	▪ Fully leased to prominent IT/ITES tenants such as Infosys, Synechron and Tata Consultancy Services
	▪ The Property is located in the Hinjawadi micro-market which has emerged as one of the prominent
Established Micro-	commercial destinations for Pune city and is located in proximity to established mixed-use markets in the city
Market	▪ This micro-market has a Grade A office stock of ~13.0 million sq ft and accounts for ~22.0% of the Grade A
	office stock in Pune1
Financially Attractive	▪ The transaction is DPU accretive and is expected to increase Unitholder returns
Transaction
Consistent with	▪ The transaction is consistent with the Trustee-Manager's investment strategy to invest in quality income-
Investment Strategy	producing business space properties to deliver stable distributions to Unitholders
Proposed Sponsor	▪ Reinforcement of the Sponsor's support towards CLINT and to enhance the alignment of its interests with the
Subscription	Unitholders

1. Source: Cushman & Wakefield

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International Tech Park Pune - Hinjawadi

Location	Sellers
Rajiv Gandhi InfoTech Park,	Ascendas India Development VII (78.53%);
Maharashtra Industrial Development
Hinjawadi, Phase III
Corporation (21.47%)

Specifications

Land title - Leasehold Land1 Project Type - IT SEZ

Purchase Consideration

Upfront2 - ~INR13.5 billion / S$221.9 million3

Additional2 - ~INR0.3 billion / S$4.8 million3

Occupancy	WALE	Weighted Average Rent	NLA
~100%	3.4 years	₹ 45.30 / sq ft / month	2.3 million sq ft

1. The term of the lease is for 95 years expiring on 25 February 2103 and is subject to renewal on payment of premium and other terms at MIDC's discretion.
2. For further details, please refer to the Circular dated 24 March 2023, a copy of which is available on www.sgx.com or www.clint.com.sg.
3. Based on an exchange rate of S$1.00 = INR60.70, for illustrative purposes only.

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