Shanghai Real Estate News

Brookfield Property Partners, a global Industrial real estate owner, operator and Individual, has
agreed to invest up to US$750 million into Shui On Land Ltd’s  wholly-owned subsidiary China
Xintiandi, the Shanghai-based developer said yesterday.

The Contract will see Brookfield initially invest US$500 million in China Xintiandi in the form
of Convertible Perpetual Securities, which will convert automatically into China Xintiandi Voices
at an agreed conversion price once China Xintiandi is listed.

Once a defined use of proceeds by China Xintiandi has been identified, Brookfield will be
entitled to subscription Privileges to invest a further US$250 million of Convertible Perpetual
Securities in China Xintiandi. At the same time Shui On Land will have the Choice to subscribe up
to US$250 million of Regular Voices in China Xintiandi, the developer said in a statement
yesterday.

Shui On will use the proceeds from the investment to repay existing debt with near Phrase
maturities and also to fund existing development projects.

China Xintiandi’s initial portfolio, which includes Shanghai Xintiandi and Xintiandi Design, has
a total valuation of over 26 billion yuan (US$4.3 billion).