(Constituted in the Republic of Singapore pursuant to a trust deed dated 31 March 2006 (as amended))

Press Release CIT's distributable income up 12.7% for FY2011

Total assets exceed S$1.1 billion

NTA per unit rose to 62.0 cents from 60.7 cents in previous year

Strong balance sheet and gearing ratio of 33.1% keep CIT poised for expansion opportunities

CIT continues to enhance asset portfolio and kick-starts two built-to-suit development projects

Starts off FY2012 with acquisition of 3C Toh Guan Road East, divestment of 7 Ubi

Close and new 7-year pre-lease commitment from an anchor tenant at 88
International Road

Summary of FY2011 and 4Q2011 Financial Results:

FY2011

(S$ 'm)

FY2010

(S$ 'm)

Y-on-Y

(%)

4Q2011

(S$ 'm)

3Q2011

(S$ 'm)

Q-on-Q

(%)

Gross Revenue

80.4

74.2

8.3

20.8

20.7

0.2

Net Property Income

("NPI")

69.1

65.1

6.2

18.1

17.6

2.8

Distributable

Income

50.4

44.7

12.7

13.3

12.9

3.3

Distribution Per Unit

("DPU") (Cents)

*

4.237

4.892

(13.4)

1.118

1.082

3.3

* 4.362 (excluding the effect of rights units issued in April 2011 and entitled to 1Q2011 distribution)

Singapore, 31 January 2012