Interest fee

Mapletree Industrial Trust: Payment of the Manager’s Base Compensation by Issuance of Units in Mapletree Industrial Trust

(Incorporated in the Republic of Singapore by Trust Deed dated January 29, 2008 (as amended))

ANNOUNCEMENT

PAYMENT OF THE MANAGER’S BASE FEES BY ISSUE OF UNITS IN MAPLETREE INDUSTRIAL TRUST

February 7, 2022 – Mapletree Industrial Trust Management Ltd., as manager (the “Manager”) of Mapletree Industrial Trust (“MIT”), wishes to announce that 708,841 new units of MIT (“New Units”) have been issued to the Manager today today at S$2.6795 per unit. The issue price is based on MIT’s 10-day volume-weighted average trading price before and through December 31, 2021.

The issuance of the aforementioned New Units was intended to pay the basic fees associated with the management of the following MIT properties:

  1. 25% base fee versus MIT’s 50% stake in portfolio of 13 North American data centers acquired through Mapletree Rosewood Data Center Trust1;
  2. 25% of the base fee relative to the remaining 60% interest in the portfolio of 14 data centers in the United States of America, which was acquired on September 1, 2020;
  3. 50% of the base fee relating to 8011 Villa Park Drive, Richmond, Virginia, which was acquired on March 12, 20212; and
  4. 50% of the base fee relating to the 29 data centers in the United States of America, which were acquired on July 22, 20213.

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Details can be found in the September 16, 2019 announcement titled “Joint Venture with Mapletr ee

Investments to acquire 10 live Shell data centers and co-invest in three turnkey data centers in the North

America”.

  1. Details can be found in the announcement dated September 14, 2020 titled “The proposed acquisition of a data center located in Virginia, USA”.
  2. Details can be found in the announcement dated May 20, 2021 titled “The proposed acquisition of 29 data centers located in the United States of America”.

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Following the issuance, the manager holds 21,313,071 MIT shares and the total number of MIT shares outstanding is 2,661,029,332.

By order of the council

Wan Kwong Weng

General secretary of the company

Mapletree Industrial Trust Management Ltd.

(Company Registration No. 201015667D)

As manager of Mapletree Industrial Trust

Important Notice

The value of Units and the income from them may go down as well as up. Units are not obligations, deposits or guarantees of the Manager or any of its affiliates. An investment in Units is subject to investment risks, including possible loss of principal invested.

Investors do not have the right to ask the manager to redeem their shares as long as the shares are listed. It is intended that unitholders of MIT may only trade their Units through trading on the Singapore Exchange Securities Trading Limited (the “SGX-ST”). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

MIT’s past performance is not necessarily indicative of MIT’s future performance.

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