#039;000) (sq ft) Size* (sq ft) Price* ($ psf) * Includes share of JV partners 13

Slide 14: Residential Launches in 2014

PROPERTY DEVELOPMENT Residential Launches in 2014 Artist’s Impression Artist’s Impression Coco Palms Commonwealth Towers Location: Pasir Ris Grove Location: Commonwealth Avenue No. of Units: 944 No. of Units: 845 Launched: May 2014 Launched: May 2014 Status: Over 80% sold Status: About 75% of 500 re

Slide 15: Completed Residential Projects Handed Over in 2014

PROPERTY DEVELOPMENT Completed Residential Projects Handed Over to Purchasers in 2014 Buckley Classique Blossom Residences Location: Buckley Road Location: Segar Road Number of units: 64 Number of units: 602 368 Thomson Location: Thomson Road Number of units: 157 15

Slide 16: Upcoming Residential Project Launches: Executive Condominium

PROPERTY DEVELOPMENT Upcoming Residential Project Launches (subject to market conditions) Executive Condominium Location: Canberra Drive Number of units: 638 • Located within Sembawang New Town • Next to future Canberra MRT station • Likely the world’s largest application of Prefabricated Prefinishe

Slide 17: Upcoming Residential Project Launches: Gramercy Park

PROPERTY DEVELOPMENT Upcoming Residential Project Launches (subject to market conditions) Gramercy Park Location: Grange Road Number of units: 174 • Freehold project, located in prime District 10 • Designed by world renowned architecture firm NBBJ of New York • Minutes away from Orchard Road and the

Slide 18: Mixed Development: South Beach

MIXED DEVELOPMENT South Beach Artist’s Impression HOTEL: The South Beach 654 rooms COMMERCIAL: South Beach Tower ~ 500,000 sq ft CLUB: South Beach Club ~ 30,000 sq ft RESIDENTIAL South Beach Residences 190 units Artist’s Impression RETAIL: South Beach Avenue ~ 37,000 sq ft 18

Slide 19: South Beach – Milestones for 1H 2015

OPERATIONS REVIEW South Beach – Milestones for 1H 2015 South Beach Tower (Offices) • 500,000 sq ft of Grade A office space • 80% of the leases secured • First tenant commenced operations in Q1 2015 Artist’s Impression The South Beach (Hotel) • Interior design by Philippe Starck • 654 rooms including

Slide 20: Hotel Operations & CDLHT

HOTEL OPERATIONS & CDLHT The Chelsea Harbour Hotel UK

Slide 21: Millennium Mitsui Garden Hotel Tokyo

Millennium Mitsui Garden Hotel Tokyo

Slide 22: Hotel Operations: M&C Group Trading Performance

HOTEL OPERATIONS M&C Group Good Trading Performance  Increase in hotel revenue due to improvement in RevPAR (in constant currency) driven mainly by acquisitions and the positive impact of the refurbishment programme. RevPAR FY 2014 £71.55 6.9% Q4 2014 £76.48 8.9%  RevPAR growth for 2014 driven by:

Slide 23: M&C Group – Hotel Room Count and Pipeline

HOTEL OPERATIONS M&C Group – Hotel Room Count and Pipeline Hotels Rooms 31 Dec 31 Dec 31 Dec 31 Dec Hotel and Room Count 2014 2013 2014 2013 By region: ● New York 4 3 2,238 1,758 ● Regional US 15 16 4,463 4,938 ● London 8 7 2,651 2,493 ● Rest of Europe 16 16 2,560 2,695 ● Middle East * 17 16 5,123 4

Slide 24: M&C Group – New Acquisitions

HOTEL OPERATIONS M&C Group – New Acquisitions The Chelsea Harbour Hotel • 154 suites and 4 penthouses • Completed on 25 March 2014 • Acquisition price £65 m Novotel New York Grand Hotel Palace Rome Times Square • 5-star hotel with 87 rooms • 4-star hotel with 480 rooms • Completed on 9 October 2014

Slide 25: M&C Group – Asset Enhancement

HOTEL OPERATIONS M&C Group – Asset Enhancement (on-going)  £42m was spent under the programme in 2014. The bulk of this expenditure was accounted for by the continuing refurbishment of Grand Hyatt Taipei.  On 1 October 2014, the former Millennium Resort and Villas Scottsdale was re-opened as The M

Slide 26: CDL Hospitality Trusts: Trading Performance

CDL HOSPITALITY TRUSTS (CDLHT) Trading Performance S$’000 FY 2014 FY 2013 Change Gross Revenue 166,812 148,782 12.1% Net Property 140,526 137,389 2.3% Income Grand Copthorne Waterfront Hotel Gross revenue and net property income increase mainly due to revenue generated by Jumeirah Dhevanafushi acqui

Slide 27: CDL Hospitality Trusts: Acquisitions

CDL HOSPITALITY TRUSTS (CDLHT) Acquisitions  Acquisition of Hotel MyStays Asakusabashi and Hotel MyStays Kamata in Tokyo was completed on 19 December 2014.  Purchase consideration: ¥5.8 billion. Hotel MyStays Asakusabashi  Business (economy) hotel with 138 rooms and 1 convenience store. Hotel MyS

Slide 28: Sustainability Review

SUSTAINABILITY REVIEW Tree House – Guinness World Record for Largest Vertical Garden Singapore

Slide 29: Sustainability Accolades

SUSTAINABILITY ACCOLADES Commitment Towards Sustainability & Green Building Excellence Key Awards in 2014 FTSE4Good Index Series (Since 2002) Global 100 Most Sustainable Corporations in the World (Since 2010) Only Singapore company that has been ranked for six consecutive years Dow Jones Sustainabil

Slide 30: Setting New Benchmarks

SETTING NEW BENCHMARKS Guinness World Record for Largest Vertical Garden* Tree House • Eco-condominium with a 24-storey green wall, measuring 2,289 square metres • Entered Guinness World Records for Largest Vertical Garden in April 2014 • The green wall has heat absorption and carbon reduction benef

Slide 31: Diversification Strategy

DIVERSIFICATION STRATEGY The Quayside Collection, Sentosa Cove Quayside Isle Singapore

Slide 32: Diversification Strategies

DIVERSIFICATION STRATEGIES New Geographies • Accelerate expansion initiatives to supplement existing operations • Focus remains on US, UK, Japan, China and Australia Results: Acquired approximately $1.3 billion worth of assets in US, UK, Italy, Japan and China over the past 12 months (2014) New Plat

Slide 33: Japan – Prime Freehold Tokyo Land Site

JAPAN – Prime Freehold Tokyo Land Site

Slide 34: Japan: Landmark Development Site, Tokyo

JAPAN Landmark Development Site – Tokyo, Japan Acquired in September 2014 – ¥30.5 billion • Freehold 16,815 sqm land site in Tokyo’s affluent Minato ward • Sizeable land parcel includes a 1,340 sqm mansion, the former residence of Seiko Holdings Corporation’s founder, Mr Kintaro Hattori • Acquisitio

Slide 35: Japan – Millennium Mitsui Garden Hotel Tokyo

JAPAN – Millennium Mitsui Garden Hotel Tokyo

Slide 36: Japan: Flagship Hotel in Tokyo

JAPAN Flagship Hotel in Japan – Millennium Mitsui Garden Hotel Tokyo Opened on 17 December 2014 • M&C’s first hotel in Japan with 329 well-appointed rooms • Strategically located in the heart of Tokyo’s Ginza 4-Chome district • CDL and Mitsui Fudosan Group collaboration • Site was acquired by M&C in

Slide 37: UK Real Estate Development Platform

UK UK Real Estate Development Platform – Established in 2013 Up to £300 million set aside for UK investment • 6 freehold properties in UK acquired to date for £157 million 28 Pavilion Road, 32 Hans Road, 15 Lansdowne Artist’s Impression Road, Knightsbridge Knightsbridge Croydon 31/35 Chesham Street,

Slide 38: UK – Prime Freehold Riverside Site

UK – Prime Freehold Riverside Site

Slide 39: UK: Proposed Acquisition, Teddington

UK Proposed Acquisition Freehold Riverside Site in Teddington • 18,211 sqm freehold site in a prime residential area in Greater London for £85 million • Exclusive riverside location; along the banks of the River Thames in south-west London • Expected purchase completion in 2H 2015, upon fulfilment o

Slide 40: China: Eling Residences, Chongqing

CHINA Eling Residences 鹅岭峰 – Chongqing, China Soft Launch – Targeted in Q2 2015 • Exclusive 126-unit luxury residence • Sited at the peak of Eling Hill in Yuzhong district • All structural works completed • 3 show flats and a sales gallery completed • 1st BCA Green Mark Platinum Artist’s Impression

Slide 41: China: Huang Huayuan Project, Chongqing

CHINA Huang Huayuan project – Chongqing, China Good Construction Progress Achieved • Mixed-use riverside development with 3 high-rise residential towers, 150-room hotel and mall • Located beside Jialing River in Yuzhong district • Good progress made in excavation and retaining wall works Artist’s Im

Slide 42: China: Hong Leong City Center, Suzhou

CHINA Hong Leong City Center 丰隆城市中心 – Suzhou, China Sales Permits for Phase 1 Obtained • Mixed-use waterfront development at Jinji Lake, in Suzhou Industrial Park  Phase 1 – 462-unit residential tower & 899-unit SOHO tower  Phase 2 – 362-unit residential tower, office tower, retail mall & hotel (a

Slide 43: China: Foothold in Shanghai

CHINA Established foothold in Shanghai, China Via Corporate Acquisition in December 2014 – RMB 799 million • Acquired residential developer Shanghai Jingwen Zhaoxiang Real Estate Limited in Shanghai • Completed luxury residential project in 2013 with 120 residences built on 163,837 sqm land parcel •

Slide 44: New Platforms: Profit Participation Securities

NEW PLATFORMS Profit Participation Securities (PPS) Completed in December 2014 – $1.5 Billion Strategic Platform • Strategic partners:  Blackstone’s Tactical Opportunities Fund  CIMB Bank Berhad, Labuan Offshore Branch • PPS provides:  Fixed payment of 5% interest per annum for a period of 5 year

Slide 45: New Platforms: PPS First-of-its-kind in Singapore

NEW PLATFORMS Profit Participation Securities (PPS) First-of-its-kind in Singapore • Total of $1.5 billion raised for global capital deployment:  $750 million : Total aggregated value of PPS by investors  $750 million : Senior loan facilities from two banks • Leverages on the solid cashflows of th

Slide 46: Disclaimer

Disclaimer: This document may contain forward-looking statements that involve assumptions, risks and uncertainties. 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

Slide 47: www.cdl.com.sg

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