CapitaRetail China Trust ("CRCT")

CAPITARETAIL CHINA TRUST

(a unit trust constituted on 23 October 2006 under the laws of the Republic of Singapore

Overview of CapitaRetail China Trust ("CRCT") CRCT is the first pure-play China Retail real estate investment trust ("REIT") based in Singapore. It is established with the objective of investing on a long-term basis in a diversified portfolio of income-producing real estate used primarily for retail purposes and located primarily in China, Hong Kong and Macau. CRCT's initial portfolio of seven retail malls (the "Properties") is strategically located within large population catchment areas in five cities across China, including Beijing, Shanghai, Wuhu (Anhui), Zhengzhou (Henan) and Huhehaote (Inner Mongolia).

The quality geographically diversified portfolio, valued at approximately S$690 million, is anchored by major international and domestic retailers, such as Wal-Mart, Carrefour and the Beijing Hualian Group. The Properties are positioned as one-stop family-oriented shopping, dining and entertainment destinations for the sizeable population catchment areas in which they are located.

The manager, CapitaRetail China Trust Management Limited (the "Manager"), is an indirect wholly-owned subsidiary of CapitaLand Limited. The Manager's principal investment strategy is to invest in a diversified portfolio of income producing real estate used primarily for retail purposes and located primarily in China, Hong Kong and Macau. CRCT currently owns and invests in a portfolio of Properties located in five various cities of China and, should suitable opportunities arise, the Manager intends to grow the portfolio to include other geographic markets where CRCT does not presently operate.

The Manager intends to hold the properties for long-term investment purposes and will place strong emphasis on regular maintenance, periodic renovation and capital improvement, as deemed necessary to maintain the attractiveness and marketability of the Properties.

The Manager's key financial objective is to provide Unitholders with a competitive rate of return for their investment by ensuring regular and stable distributions to Unitholders and achieving long-term growth in distributions and net asset value per Unit.