Mapletree Commercial Trust : Proposed Merger by way of a Trust Scheme of Arrangement (Dealings Disclosure)

To: An Authorised Person

For and on behalf of Mapletree Commercial Trust Management Ltd.

From: BlackRock, Inc.1

Relationship to MCT: Associate of MCT

Date: 4th January 2022

1. Disclosure of Dealings in MCT units ("MCT Units") during the Trust Scheme Period

Date of	Nature of Dealing	Number of MCT	Number of MCT	Price	Holdings in	Name of Registered
Purchase/Sale			Units	Units	Transacted	MCT Units	Holder or Identity of
			Bought/Increased	Sold/Decreased	per MCT Unit	following the	Principal or
						Transaction	Associate or other
							Person Dealing
31-Dec-21	Stock loan	Loan Out		7,981,075	N/A	159,368,144	BlackRock, Inc.
3-Jan-22	Stock loan	Loan Out		18,231,000	N/A	141,137,144	BlackRock, Inc.

BlackRock, Inc. owns or controls 141,137,144 MCT Units after the dealings reported above, representing approximately 4.25% of the total number of issued MCT Units2.

1

2

Dealings on behalf of investment clients have been made on a discretionary (not non-discretionary) basis. Based on 3,322,353,562 MCT Units outstanding as at the date hereof.

2. Disclosure of Dealings in MNACT units ("MNACT Units") during the Trust Scheme Period

Date of	Nature of Dealing	Number of MNACT	Number of	Price	Holdings in	Name of Registered
Purchase/Sale			Units	MNACT Units	Transacted	MNACT Units	Holder or Identity of
			Bought/Increased	Sold/Decreased	per MNACT	following the	Principal or
					Unit	Transaction	Associate or other
							Person Dealing
3-Jan-22	Stock loan	Loan Out		685,619	N/A	69,740,520	BlackRock, Inc.

BlackRock, Inc. owns or controls 69,740,520 MNACT Units after the dealings reported above, representing approximately 1.98% of the total number of issued MNACT Units3.

3. Disclosure of Dealings in Convertible Securities, Warrants, Options and Derivatives in respect of MCT Units ("Relevant MCT Securities") during the Trust Scheme Period

							Holdings and	Name of Registered
			Number(2)		Exercise Date /		Resultant
			of		Holder or Identity of
Date of	Nature of Transaction	Maturity Date /	Price per MCT	Percentage (%)
Reference MCT	Principal or Associate
Transaction(1)	(Buy / Sell / Settlement)	Closing-Out	Unit(4)	in MCT Units
Units		or other Person
				Date(3)		following
						Dealing
							Transaction

1. In respect of derivatives, this would be the date of entering into or closing out of the derivative.
2. In respect of derivatives, this would be the number of reference securities to which they relate.
3. In respect of derivatives, this would be the maturity date of such derivatives.
4. In respect of derivatives, this would be the reference price of such derivatives.

Other arrangements in relation to MCT Units or Relevant MCT Securities (if applicable): N/A

3Based on 3,527,974,156 MNACT Units outstanding as at the date hereof.

4. Disclosure of Dealings in Convertible Securities, Warrants, Options and Derivatives in respect of MNACT Units ("Relevant MNACT Securities") during the Trust Scheme Period

							Holdings and	Name of Registered
			Number(2)		Exercise Date /		Resultant
			of		Holder or Identity of
Date of	Nature of Transaction	Maturity Date /	Price per	Percentage (%)
Reference MNACT	Principal or Associate
Transaction(1)	(Buy / Sell / Settlement)	Closing-Out	MNACT Unit(4)	in MNACT Units
Units		or other Person
				Date(3)		following
						Dealing
							Transaction

1. In respect of derivatives, this would be the date of entering into or closing out of the derivative.
2. In respect of derivatives, this would be the number of reference securities to which they relate.
3. In respect of derivatives, this would be the maturity date of such derivatives.
4. In respect of derivatives, this would be the reference price of such derivatives.

Other arrangements in relation to MNACT Units or Relevant MNACT Securities (if applicable): N/A

The information relating to us/me or my close relatives (if applicable) is provided to the best of our/my knowledge, on a "best efforts" basis. I/We confirm that I/we agree to the MCT Manager disclosing the information provided herein to the Securities Industry Council and other regulatory authorities as may be required or necessary, such other persons as the MCT Manager may in its absolute discretion deem necessary or appropriate and in any public document which may be required by any regulatory authority or by any law or regulation (including, without limitation, the Singapore Code on Take-overs and Mergers).

I/We will promptly notify the MCT Manager should any of the said information prove to be untrue or incorrect in any respect between the date of this disclosure and the latest practicable date prior to the printing of the Scheme Document. In the absence of such notification, the parties involved in the preparation of the Scheme Document are entitled to assume that the information hereby furnished is true, accurate and complete and remains unchanged.

Yours faithfully

_______________________________

Name: Anh Do on behalf of BlackRock, Inc.