Notice of Valuation of Real Assets::Notice of Recent Valuation of Properties

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Issuer/ Manager

METRO HOLDINGS LTD

Securities

METRO HOLDINGS LIMITED - SG1I11878499 - M01

Stapled Security

No

Notice of Valuation of Real Assets::Notice of Recent Valuation of Properties Issuer & Securities

Announcement Details

Announcement Title

Notice of Valuation of Real Assets

Date & Time of Broadcast

30-May-2017 06:59:17

Status

New

Announcement Sub Title

Notice of Recent Valuation of Properties

Announcement Reference

SG170530OTHRGJN7

Submitted By (Co./ Ind. Name)

Tan Ching Chek

Designation

Company Secretary

Description (Please provide a detailed description of the event in the box below)

Please refer to the attached file.

Additional Details

Valuation Details Date of Valuation Name of the

Valuer Description of Property

Valuation Currency Valuation Amount

31/03/2017

DTZ Debenham Tie Leung Limited

DTZ Debenham

Part of Guangzhou International Electronics Tower, Guangzhou, comprising approximately 62.5% of a 7- storey shopping podium and 35-storey office tower.

Yuan

Renminbi479,800,000

31/03/2017

31/03/2017

Tie Leung Limited

DTZ Debenham Tie Leung Limited

Part of Metro City, Shanghai, comprising 60% of a 9-

storey entertainment centre.

Part of Metro Tower, Shanghai, comprising 60% of a 26-storey office tower.

Yuan

Renminbi

Yuan Renminbi

614,400,000

575,100,000

Valuation of Reports available for inspection

at address during office hours 391A Orchard Road #19-00 Tower A Ngee Ann City Singapore 238873

Reports available till date 30/08/2017 Attachments

MHLAnnValueProperty2017.pdf Total size =8K

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=Announce...

30-May-17

METRO HOLDINGS LIMITED (Company Registration No :197301792W) NOTICE OF RECENT VALUATION OF PROPERTIES

The Directors of Metro Holdings Limited ("Metro" or the "Company") wish to inform that in accordance with the Metro Group's accounting policies, a valuation exercise has been conducted on the following properties of the Metro Group on an open market value for existing use basis. The valuation reports are available for inspection at 391A Orchard Road #19-00 Tower A Ngee Ann City Singapore 238873 during normal business hours up to 30 August 2017.

Investment Properties Owned By Subsidiaries

Date of Valuation

: 31 March 2017

Name of Valuer

: DTZ Debenham Tie Leung Limited

Description of

Property

: Part of Guangzhou International Electronics Tower, Guangzhou,

comprising approximately 62.5% of a 7-storey shopping podium and 35-storey office tower.

Valuation

: RMB479,800,000 (equivalent to approximately S$97,399,400)

Investment Properties Owned By Joint Ventures

Date of Valuation

: 31 March 2017

Name of Valuer

: DTZ Debenham Tie Leung Limited

Description of

Property

: Part of Metro City, Shanghai, comprising 60% of a 9-storey entertainment

centre.

Valuation

: RMB614,400,000 (equivalent to approximately S$124,723,200)

Date of Valuation

: 31 March 2017

Name of Valuer

: DTZ Debenham Tie Leung Limited

Description of

Property

: Part of Metro Tower, Shanghai, comprising 60% of a 26-storey office tower.

Valuation

: RMB575,100,000(equivalent to approximately S$116,745,300)

By Order of the Board

Tan Ching Chek and Lee Chin Yin Joint Company Secretaries

Dated : 30 May 2017

Metro Holdings Limited published this content on 30 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 May 2017 13:19:26 UTC.

Original documenthttp://www.metroholdings.com.sg/update2017/2017-05-30 Notice of Valuation of Real Assets.pdf

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