1 ASSET VALUATION Pursuant to Rule 703 of the SGX-ST Listing ...

(Constituted in the Republic of Singapore pursuant toa trust deed dated 6 February 2004 (as amended))ASSET VALUATIONPursuant to Rule 703 of the SGX-ST Listing Manual, the Board of Directors ofCapitaCommercial Trust Management Limited, as manager of CapitaCommercialTrust (the “Manager”) wishes to announce that the Manager has obtained newindependent valuations, as of 1 June 2007, for all properties owned byCapitaCommercial Trust (“CCT”) and RCS Trust which CCT has a 60% interest.OwnerHSBC Institutional Trust Services (Singapore) Limited astrustee of CapitaCommercial TrustDate of Valuation 1 June 2007ValuerCB Richard Ellis (Pte) LtdDescription of PropertyCapital Tower168 Robinson RoadValuation (S$’ million)1,090.06 Battery Road 1,031.0Starhub Centre51 Cuppage RoadRobinson Point39 Robinson RoadHSBC Building21 Collyer QuayBugis Village62 to 67 Queen Street151 to 166 Rochor Road229 to 253 (odd numbers only) Victoria StreetGolden Shoe Car Park50 Market StreetMarket Street Car Park146 Market Street295.0169.0229.670.0110.059.01

OwnerDate of Valuation 1 June 2007HSBC Institutional Trust Services (Singapore) Limitedas trustee-manager of RCS TrustValuerCB Richard Ellis (Pte) LtdDescription of PropertyRaffles City250 & 252 North Bridge Road, 2 Stamford Roadand 80 Bras Basah RoadValuation (S$’ million)2,411.0 1Note:(1) CCT’s 60% interest in Raffles City amounted to S$1,446.6 million.Copies of the valuation reports for the above properties are available for inspectionat the Manager’s registered office at 39 Robinson Road #18-01, Robinson Point,Singapore 068911, during normal business hours for a period of three months fromthe date hereof.BY ORDER OF THE BOARDCapitaCommercial Trust Management Limited(Company registration no. 200309059W)As manager of CapitaCommercial TrustMichelle KohCompany SecretarySingapore20 July 2007Important NoticeThe value of units in CapitaCommercial Trust (“Units”) and the income from them may fall as well as rise. Unitsare not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units issubject to investment risks, including the possible loss of the principal amount invested.Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended thatthe holder of Units may only deal in their Units through trading on Singapore Exchange Securities TradingLimited (the “SGX-ST”). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.The past performance of CCT is not necessarily indicative of the future performance of CCT.2