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• Revenue: -27.9% (2Q09), -25.7% (1H09)
• Net Profit: NM (2Q09), NM (1H09)
• Outlook: The broader Group successfully strengthened its financial position by completing four successful rights issues (Australand, CapitaLand, CapitaMall Trust and CapitaCommercial Trust).
• With cash reserves of S$4.2 billion and a low net debtto- equity ratio of 0.43x, the Group will seek to deploy capital into quality assets at good value
  while being fully aware that the economic recovery could be slow.
• Going forward, operating results should benefit from the recognition of profits from The Seafront on Meyer and The Orchard Residences projects, the higher residential sales achieved in China as well as maiden rental contributions from Raffles City Beijing and ION Orchard.
• The Group-wide management changes, with several younger senior officers taking over leadership roles, emphasises the care with which the Group treats succession while the newly formed CapitaLand China Executive Committee underlines the Group's intention to expand its businesses in China.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 487,013 591,140
2008 631,274 820,138 597,165 703,744 2,752,321
2007 637,016 935,590 895,769 1,324,328 3,792,703
2006 658,651 771,727 718,668 998,679 3,147,725
2005 736,315 1,359,203 851,323 898,796 3,845,637
2004 768,375 1,002,171 657,716 1,065,660 3,179,064
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 42,853 (156,921)
2008 247,469 515,247 419,443 77,956 1,260,113
2007 608,133 912,595 563,933 674,652 2,759,313 (Incl. Fair Value Gain)
2006 129,560 157,182 273,426 453,525 1,012,677
2005 70,005 143,565 443,760 93,179 750,510
2004 48,896 70,655 74,659 111,471 305,681
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA 0.055 0.015
2007 NA 0.08 0.07
2006 NA 0.07 0.05
2005 NA 0.06 0.12
2004 NA 0.05 0.01
2003 NA 0.04 NA
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Bonus / Rights / Stock Split

Date Type Details
2009-02-19 Rights OFFER OF 1 FOR 2 @ $1.3
2004-05-11 Share Offer 1CCT FOR 5SH OFFER OF 1 FOR 5
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Share Data (SGD)

NAV = $2.86
EPS = $(0.003) (6M FY09)
Diluted EPS = $(0.003) (6M FY09)
No of Shares = 4,246,056,188
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA