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Press release: “Singapore, 14 January 2019 – CapitaLand Limited (“CapitaLand”) announced today that it has entered into a transaction with Temasek to acquire from its subsidiary, AscendasSingbridge Pte Ltd (“ASB”), all the shares in the two wholly owned intermediary subsidiaries of ASB1 , the effect of which will be to create the largest diversified real estate group in Asia (the “Group”)2 . The proposed transaction (the “Transaction”) is valued at S$11 billion and is subject to approval by CapitaLand’s independent shareholders at an Extraordinary General Meeting (“EGM”), expected to be convened by 1H 2019. Post transaction, the combined total assets under management (AUM) of the Group will exceed S$116 billion.”

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