CapitaLand sets up 3 French units

No material implication is expected on earnings.

CapitaLand announces the establishment of three wholly owned subsidiaries incorporated in France as part of its ongoing business development.

First is an investment holding firm Citadines Euro SAS with a paid-up share capital of EUR1,000 (approximately SGD1,530) comprising 1,000 ordinary shares of EUR1 each.

Second is franchising firm Citadines Franchise SAS with paid-up share capital of EUR1,000 (approximately SGD1,530) comprising 1,000 ordinary shares of EUR1 each.

The last one is a property holding firm SCI TAL Bassano 1. It has a paid-up share capital of EUR10 (approximately SGD15) comprising 10
ordinary shares of EUR1 each.

According to CapitaLand, the establishment of the above subsidiaries is not expected to have any material impact on the net tangible assets or earnings per share of the CapitaLand Group for the financial year ending 31 December 2016.

None of the directors or the controlling shareholder of CapitaLand has any interest,cdirect or indirect, in the establishment of the above subsidiaries.