Mapletree Greater China Commercial Trust : Payment of Base Fee & Property Management Fee by Way of Issue of New Units in Mapletree Greater China Commercial Trust

General

(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 14 February 2013 (as amended))


ANNOUNCEMENT

PAYMENT OF BASE FEE & PROPERTY MANAGEMENT FEE BY WAY OF ISSUE OF NEW UNITS IN MAPLETREE GREATER CHINA COMMERCIAL TRUST (“MGCCT”)

20 November 2017 – Mapletree Greater China Commercial Trust Management Ltd. (the “Manager”), as the Manager of Mapletree Greater China Commercial Trust, wishes to announce that a total of 7,238,706 new units in MGCCT (“Units”) have been issued on 20 November 2017 at S$1.1475 per unit for the following purposes:

  1. 4,578,200 Units issued to the Manager as payment of the Base Fee (as defined in the Trust Deed) for the period from 1 July 2017 to 30 September 2017.

  2. 2,660,506 Units issued to Mapletree Greater China Property Management Limited (the “Property Manager”) as payment of Property Management Fee (as defined in the Trust Deed) relating to Festival Walk and Gateway Plaza for the period from 1 July 2017 to 30 September 2017.

The issue price of the Units is based on the 10-day volume weighted average price for the Units up to 29 September 2017.

This issuance of Units is in accordance with the disclosure in the IPO prospectus of MGCCT dated 27 February 2013. The Manager has elected to receive 100% of the Base Fee in the form of Units and the Manager has elected to pay the Property Manager the Property Management Fee relating to Festival Walk and Gateway Plaza in the form of Units. For Sandhill Plaza, the Manager has elected to pay the Property Manager the Property Management Fee in cash from the date of acquisition on 17 June 2015.

Following this issuance, the Manager holds 104,413,108 Units and the Property Manager holds 53,282,090 Units. Total number of Units in issue as at 20 November 2017 is 2,819,404,198.

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Mapletree Greater China Commercial Trust Management Ltd.

10 Pasir Panjang Road, #13-01 Mapletree Business City, Singapore 117438


Tel 65 6377 6111 Fax 65 6273 2753 www.mapletreegreaterchinacommercialtrust.com Co. Reg No. 201229323R

By order of the Board Wan Kwong Weng

Joint Company Secretary

Mapletree Greater China Commercial Trust Management Ltd. (Company Registration No. 201229323R)

As Manager of Mapletree Greater China Commercial Trust

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Mapletree Greater China Commercial Trust published this content on 20 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 November 2017 10:00:09 UTC.