Mapletree Commercial Trust announced that DBS Trustee Limited has entered into a facility agreement comprising a four-year revolving credit facility and a five-year term loan facility to borrow an aggregate of SGD 461,800,000. The proceeds from the facilities will be applied to partially finance the acquisition by the trust of the property known as Mapletree Anson. For purpose of disclosure under Rule 704(31) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the facilities contain a condition where a mandatory prepayment event may occur if either the Manager or Mapletree Commercial Property Management Pte.

Ltd., as Property Manager of trust resigns or is removed as a manager of trust, without the prior consent in writing of the lenders of the Facilities; the replacement manager is not appointed in accordance with the terms of the trust deed constituting trust; and/or the replacement manager following the resignation or removal of the Manager or the Property Manager is not a direct or indirect wholly-owned subsidiary of Mapletree Investments Pte Ltd, the sponsor of trust. Should the Prepayment Event occurs, the aggregate level of the facilities and existing outstanding borrowings of trust that may be affected is approximately SGD 1,590.5 million (excluding interest).