Notice of Cumulative Distribution Books Closure and ... - Suntec REIT

Trust Management (Suntec) LimitedManager ofNOTICE OF CUMULATIVE DISTRIBUTION BOOKS CLOSURE AND DISTRIBUTIONPAYMENT DATENOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders ofSuntec Real Estate Investment Trust (“Suntec REIT”) will be closed at 5.00 p.m. onFriday, 3 November 2006 (the “Cumulative Distribution Books Closure Date”) todetermine entitlements of holders of units in Suntec REIT (“Units”, and the holders ofUnits, “Unitholders”) to Suntec REIT’s distributable income for the period from 1 July2006 to the day immediately prior to the day on which new units in Suntec REIT (“NewUnits”) are issued under the Private Placement (as defined in the announcement issuedearlier today by ARA Trust Management (Suntec) Limited, as manager of Suntec REIT(the “Manager”)) (the “Cumulative Distribution”). The New Units are expected to beissued on 6 November 2006. The next distribution following the Cumulative Distributionwill comprise Suntec REIT’s distributable income for the period from the day the NewUnits are issued under the Private Placement to 31 December 2006. Quarterlydistributions will resume thereafter.Unitholders whose securities accounts with The Central Depository (Pte) Limited arecredited with Units as at the Cumulative Distribution Books Closure Date will be entitledto the Cumulative Distribution (which is currently expected to be paid on or aboutWednesday, 29 November 2006).The current expectation of the Manager is that the quantum of the distribution perUnit under the Cumulative Distribution will be between 2.607 cents and 2.667 centsand not less than 2.607 cents per unit. The actual quantum of the distribution perUnit will be announced on or about 17 November 2006, after the managementaccounts of Suntec REIT for the relevant period have been finalised.DECLARATION FOR SINGAPORE TAX PURPOSES1. The HSBC Institutional Trust Services (Singapore) Limited (“Trustee”) andManager of Suntec REIT will not deduct tax from Cumulative Distribution madeout of Suntec REIT’s taxable income that is not taxed at Suntec REIT’s level to:

(a)(b)(c)(d)Unitholders who are individuals and who hold the units either in their solenames or jointly with other individuals;Unitholders which are companies incorporated and tax resident inSingapore;Unitholders which are Singapore branches of foreign companies thathave obtained specific approval from the Inland Revenue Authority ofSingapore to receive the Cumulative Distribution from Suntec REITwithout deduction of tax; orUnitholders which are non-corporate entities (excluding partnerships)constituted or registered in Singapore, such as:i. institutions, authorities, persons or funds specified in the FirstSchedule to the Income Tax Act (Cap. 134);ii. co-operative societies registered under the Co-operativeSocieties Act (Cap. 62);iii. trade unions registered under the Trade Unions Act (Cap. 333);iv.charities registered under the Charities Act (Cap. 37) orestablished by an Act of Parliament; andv. town councils.2. For Cumulative Distribution made to classes of Unitholders that do not fall withinthe categories stated under Note 1 above, the Trustee and the Manager ofSuntec REIT will deduct tax at the rate of 10% if the Unitholders are foreign nonindividualinvestors. A foreign non-individual investor is one who is not a residentof Singapore for income tax purposes and:(a)(b)who does not have a permanent establishment in Singapore; orwho carries on any operation in Singapore through a permanentestablishment in Singapore, where the funds used to acquire the units inSuntec REIT are not obtained from that operation.3. Unitholders are required to complete the applicable Section A, B or C of the“Declaration for Singapore Tax Purposes Form A” (“Form A”) if they fall withinthe categories (b) to (d) stated under Note 1 or Section D of Form A if theyqualify as a foreign non-individual investor as described under Note 2. TheTrustee and the Manager of Suntec REIT will rely on the declarations made inForm A to determine:(i)(ii)if tax is to be deducted for the categories of Unitholders listed in (b) to (d)under Note 1; andif tax is to be deducted at the rate of 10% for Cumulative Distribution toforeign non-individual investors.4. Unitholders who fall within class (a) under Note 1 are not required tosubmit Form A.2

5. Unitholders who do not fall within the classes of Unitholders listed in Note 1 andNote 2 above can choose not to return Form A as tax will be deducted from thedistributions made to them at the prevailing corporate tax rate in any case.6. The Trustee and the Manager of Suntec REIT will deduct tax at the prevailingcorporate tax rate from Cumulative Distribution made out of Suntec REIT’staxable income that is not taxed at Suntec REIT’s level, in respect of units heldby depository agents except where the beneficial owners of these units are:(a)(b)Individuals and the units are not held through a partnership in Singapore;Qualifying Unitholders (as listed in categories (b) to (d) under Note 1); or(c) Foreign non-individual investors (as defined under Note 2).For units held through depository agents, the depository agents must completethe “Declaration by Depository Agents for Singapore Tax Purposes Form B”(“Form B”) and its annexes (Annex 1 for individuals, Annexes 2 and 2.1 forqualifying Unitholders and Annex 3 for foreign non-individuals).7. Form A and Form B (and its annexes) will be sent to Unitholders and depositoryagents respectively, by Suntec REIT’s Unit Registrar, Lim Associates (Pte) Ltd,on or around 7 November 2006.8. Unitholders (Form A) and the depository agents (Form B and its annexes) willhave to complete the forms legibly and send them to the Unit Registrar such thatthey are received by 5.00 p.m. on Friday, 17 November 2006. The Trustee andthe Manager of Suntec REIT will rely on the declarations made in Form A andForm B to determine if tax is to be deducted. Failure to comply with any of theserequirements will render Form A and Form B invalid and the Trustee and theManager of Suntec REIT will be obliged to deduct the appropriate amount of taxfrom the Cumulative Distribution in respect of which this announcement is made.9. Unitholders who hold units under the Central Provident Fund Investment Scheme(CPFIS) or the Supplementary Retirement Scheme (SRS) do not have to returnthe Form as they will receive gross Cumulative Distribution as long as theCumulative Distribution are paid to their respective CPFIS or SRS accounts.Last Date and Time for Return of the FormsUnitholders and the depository agents must complete and return the “Declaration forSingapore Tax Purposes Forms A and B (and its annexes)”, respectively to Lim Associates(Pte) Ltd’s office by 5.00 p.m. on Friday, 17 November 2006 in order to receive theCumulative Distribution, either at gross or at net (after deduction of tax at 10%) asdescribed above.DECLARATION IN INCOME TAX RETURNThe Cumulative Distribution is considered as income for the year 2006. Beneficialowners of the Cumulative Distribution, other than those who are exempt from tax on the3

Cumulative Distribution, are required to declare the gross Cumulative Distribution astaxable income in their income tax return for the Year of Assessment 2007.IMPORTANT DATES AND TIMESDate/Deadline5.00 p.m., Friday, 3November 20065.00 p.m., Friday, 17November 2006On or aboutWednesday, 29November 2006EventClosing of Suntec REIT’s Transfer Books andRegister of UnitholdersUnitholders and depository agents must havecompleted and returned the “Declaration forSingapore Tax Purposes Form A and Form B” tothe Unit Registrar, Lim Associates (Pte) LtdPayment of DistributionShould Unitholders have any queries in relation to these procedures, please do nothesitate to contact Johnson Yap or Tan Cheng Cheng at 65122778 or 65122771 oremail: johnsonyap@ara.com.hk or chengchengtan@ara.com.hk or visit our website at.BY ORDER OF THE BOARDYeo See KiatChief Executive OfficerARA Trust Management (Suntec) Limited (Company Registration No. 200410976R)As Manager of Suntec REIT26 October 2006Important NoticeThe value of Units and the income derived from them, if any, may fall as well as rise.Units are not obligations of, deposits in, or guaranteed by, the Manager or any of itsaffiliates. An investment in Units is subject to investment risks, including the possible lossof the principal amount invested.Investors should note that they have no right to request the Manager to redeem orpurchase their Units for so long as the Units are listed on Singapore Exchange Securities4

Trading Limited (the “SGX-ST”). It is intended that Unitholders may only deal in theirUnits through trading on the SGX-ST. The listing of the Units on the SGX-ST does notguarantee a liquid market for the Units.The past performance of Suntec REIT is not necessarily indicative of the futureperformance of Suntec REIT.5