Mapletree Industrial Trust IPO

Mapletree Industrial Trust (“MIT”)
Singapore-focused real estate investment trust (“REIT”) that invests in a diversified portfolio of income-producing real estate used primarily for industrial purposes, whether wholly or partially,as well as real estate-related assets.MIT’s initial portfolio (the “IPO Portfolio”) of 70 properties (the “Properties”), valued at S$2.1 billion as at 31 August 2010,includes business park buildings, flatted factories, stack-up/ramp-up buildings and light industrial buildings.

Purpose of IPO
The Manager intends to raise gross proceeds of S$1,187.6 million from the Offering as well as the
Mapletree Cornerstone Subscription Units and the Cornerstone Units.The Manager also intends to draw down an amount of S$837.0 million from the New Debt Facility (as defined herein), on the Listing Date.
The total cash proceeds raised from the Offering, the Mapletree Cornerstone Subscription Units and
the Cornerstone Units, as well as the amount drawn down from the New Debt Facility will be used
towards the following:
• S$183.3 million for the purchase consideration for MSIT comprising acquisition of the MSIT Units
for S$2.00, repayment of MSIT’s related party loans of S$58.3 million, repayment of MSIT’s bank
borrowings of S$90.0 million and a payment of distribution of retained earnings of S$35.0 million
to existing MSIT unitholders (“Purchase Consideration for MSIT”);
• payment of the MIT Private Trust Distribution (as defined herein) to the Existing MIT Unitholders;
• partial redemption of the MIT Private Trust Units;
• repayment of S$977.8 million of MIT’s existing debt (see “Capitalisation — Indebtedness — MIT’s
Existing Debt”) (the “Repayment of Existing MIT Private Trust Debt”);
• payment of issue and debt related costs; and
• working capital.

Shares and Price
594 913 000 shares at S$0.93.
TIMETABLE
13 Oct 2010,9am Opening date and time for the Public Offer
18 Oct 2010,8am Closing date and time for the Public Offer
21 Oct 2010,2pm Commencement of trading on the SGX-ST

Dividend Related
Yield - 8%
First distrubution- 1 March 2011 , from listing date to 2010 dec.
Frequency - Quarterly

Net asset value per Unit
S$0.86
Price to NAV 1.08x

further analysis to be done over next few days.

source from prospectus