News

Announcement relating to PREMAS (Middle East) Pte. Ltd.

With reference to the announcement released on 31 March 2005 entitled "Incorporation of a new subsidiary, PREMAS (Middle East) Pte. Ltd.", CapitaLand Limited ("CapitaLand") would inform that the title should be amended as "Incorporation of a new joint venture company, PREMAS (Middle East) Pte. Ltd.", as PREMAS (Middle East) Pte. Ltd. is a joint venture company held equally by PREMAS Investments Pte Ltd, an indirect wholly-owned subsidiary of CapitaLand, and Tricon Global General Contracting and Maintenance, and not an indirect subsidiary of CapitaLand.

By Order of the Board

Tan Wah Nam

Company Secretary

18 April 2005