CapitaLand buys back 2 million shares

At weighted average of S$3.0037 per share.

CapitaLand Limited (CapitaLand) announced that it has bought back an aggregate of 2 million shares of CapitaLand in an on-market share buyback exercise on the Singapore Exchange Securities Trading Limited on 6 December 2013.

This was in pursuant to the Share Buyback Mandate approved by shareholders at the Extraordinary General Meeting of CapitaLand held on 26 April 2013.

The Shares were bought back at the weighted average price of S$3.0037 per Share. CapitaLand will hold the bought back Shares as treasury shares.

At approximately 17% discount to CapitaLand’s Net Tangible Asset of S$3.63 as at 30 September 2013, Management believes that the current CapitaLand share price is attractive given the outlook for CapitaLand’s businesses in Singapore and China. CapitaLand may consider further Buybacks subject to market conditions.