CDL: Results of Resolutions passed at the 58th Annual General Meeting held on 30 April 2021

CITY DEVELOPMENTS LIMITED

(Co. Reg. No. 196300316Z)

RESULTS OF RESOLUTIONS PASSED AT THE 58TH ANNUAL GENERAL MEETING OF CITY DEVELOPMENTS LIMITED HELD ON 30 APRIL 2021

The Board of Directors of City Developments Limited (the "Company") wishes to announce that at the Company's 58th Annual General Meeting held today, 30 April 2021 ("58th AGM"), all resolutions referred to in the Notice of the 58th AGM dated 15 April 2021 were duly passed based on the proxy votes cast which have been reviewed by the polling agent and verified by the scrutineers.

(a) The results of the votes cast in respect of each of the resolutions are set out below:

		FOR	AGAINST
	Total
		As a		As a
	number of
		percentage		percentage
Resolution number and	shares
	of total		of total
represented
details	Number of	number of	Number of	number of
by votes for
	shares	votes for	shares	votes for
	and against
		and against		and against
	the relevant
		the		the
	resolution
		resolution		resolution
			(%)		(%)
Ordinary Business - Ordinary Resolutions
Resolution 1
Adoption of the Directors'	666,856,570	666,786,370	99.99	70,200	0.01
Statement and Audited
Financial Statements
together with the Auditors'
Report thereon
Resolution 2
Declaration of a Final Ordinary	666,980,064	666,909,864	99.99	70,200	0.01
Dividend and a Special Final
Ordinary Dividend
Resolution 3
Approval of Directors' Fees	666,980,064	666,897,064	99.99	83,000	0.01
Resolution 4
Re-election of Mr Philip Yeo	666,832,464	660,800,667	99.10	6,031,797	0.90
Liat Kok as a Director retiring in
accordance with Clause 83(a)
of the Constitution of the
Company
Resolution 5(a)
Re-election of Mr Ong Lian Jin	666,880,064	664,362,285	99.62	2,517,779	0.38
Colin as a Director retiring in
accordance with Clause 76 of
the Constitution of the
Company

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CITY DEVELOPMENTS LIMITED (Co. Reg. No. 196300316Z)

		FOR	AGAINST
	Total
		As a		As a
	number of
		percentage		percentage
Resolution number and	shares
	of total		of total
represented
details	Number of	number of	Number of	number of
by votes for
	shares	votes for	shares	votes for
	and against
		and against		and against
	the relevant
		the		the
	resolution
		resolution		resolution
			(%)		(%)
Ordinary Business - Ordinary Resolutions (cont'd)
Resolution 5(b)
Re-election of Mr Daniel Marie	666,980,064	666,188,708	99.88	791,356	0.12
Ghislain Desbaillets as a
Director retiring in accordance
with Clause 76 of the
Constitution of the Company
Resolution 5(c)
Re-election of Mr Chong Yoon	666,980,064	666,188,708	99.88	791,356	0.12
Chou as a Director retiring in
accordance with Clause 76 of
the Constitution of the
Company
Resolution 5(d)
Re-election of Ms Chan Swee	666,980,064	663,126,170	99.42	3,853,894	0.58
Liang Carolina (Carol Fong) as
a Director retiring in
accordance with Clause 76 of
the Constitution of the
Company
Resolution 5(e)
Re-election of Mr Lee Jee	666,980,064	644,024,511	96.56	22,955,553	3.44
Cheng Philip as a Director
retiring in accordance
with Clause 76 of the
Constitution of the Company
Resolution 6
Re-appointment of KPMG LLP	666,980,064	651,392,593	97.66	15,587,471	2.34
as Auditors

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CITY DEVELOPMENTS LIMITED (Co. Reg. No. 196300316Z)

		FOR	AGAINST
	Total number
		As a		As a
	of shares		percentage		percentage
Resolution number and details	represented		of total		of total
by votes for	Number of	number of	Number of	number of
	and against	shares	votes for	shares	votes for
	the relevant		and against		and against
	resolution		the		the
			resolution		resolution
			(%)		(%)
Special Business - Ordinary Resolutions
Resolution 7
Authority for Directors to issue	666,980,064	648,016,252	97.16	18,963,812	2.84
ordinary shares and/or make or
grant offers, agreements or
options pursuant to Section 161
of the Companies Act, Chapter
50 of Singapore and the Listing
manual of Singapore
Exchange Securities Trading
Limited
Resolution 8
Renewal of Share Purchase	666,195,108	664,581,345	99.76	1,613,763	0.24
Mandate
Resolution 9
Renewal of IPT Mandate for	224,984,954	224,903,871	99.96	81,083	0.04
Interested Person Transactions

(b) Details of parties who abstained from voting on the following resolution:

Name	Number of shares held	Resolution Number
Mr Kwek Leng Beng (Director)	397,226	9
Hong Leong Investment Holdings	Aggregate of	9
Pte. Ltd. and its subsidiaries	440,316,144