Mapletree Industrial Trust announced a distribution of 2.51 Singapore cents per unit in MIT (“Unit”) in relation to the Third Quarter Financial Year 2013/2014 from 1 October 2013 to 31 December 2013 (“3QFY13/14 Distribution”).

21 January 2014




NOTICE OF BOOK CLOSURE AND DISTRIBUTION PAYMENT DATE


NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Mapletree Industrial Trust ("MIT") will be closed at 5.00pm on Wednesday, 29 January 2014 (the book closure date or "BCD") for the purpose of determining Unitholders’ entitlements to MIT’s distribution. MIT has announced a distribution of 2.51 Singapore cents per unit in MIT ("Unit") in relation to the Third Quarter Financial Year 2013/2014 from 1 October 2013 to 31 December 2013 ("3QFY13/14 Distribution"). The 3QFY13/14 Distribution of 2.51 Singapore cents per Unit comprises a taxable income component of 2.37 Singapore cents per Unit and a capital component of 0.14 Singapore cents per Unit.

On 21 January 2014, Mapletree Industrial Trust Management Ltd., as manager of MIT (the "Manager") announced that the distribution reinvestment plan ("DRP") will apply to the 3QFY13/14 Distribution.

Unitholders whose securities accounts with The Central Depository (Pte) Limited ("CDP") are credited with Units as at 5.00pm on Wednesday, 29 January 2014 will be entitled to the cash distribution that will be paid by Thursday, 6 March 2014. Unitholders who have elected to participate in the DRP for the 3QFY13/14 Distribution will have their new Units in MIT credited and listed on the Singapore Exchange Securities Trading Limited ("SGX-ST") on Friday, 7 March 2014.




Declaration for Singapore Tax Purposes


1 The capital component of the distribution is treated as a return of capital for Singapore income tax purposes. No tax will be deducted at source from this component.

2 Tax will be deducted at source from the taxable income component in certain circumstances. The following paragraphs describe the circumstances in which tax will or will not be deducted from the taxable income component of the distribution.

3 The following categories of Unitholders will receive a gross distribution (i.e. no tax will be deducted from the taxable income component):-

(a) Unitholders who are individuals and who hold the Units either in their sole names or jointly with other individuals;

(b) Unitholders which are companies incorporated and tax resident in Singapore;

(c) Unitholders which are Singapore branches of foreign companies that have obtained specific approval from the Inland Revenue Authority of Singapore to receive the distribution from MIT without deduction of tax; and

(d) Unitholders which are non-corporate entities (excluding partnerships) constituted or registered in Singapore,
4 To receive a gross distribution, Unitholders in category 3(b) to 3(d) above must complete a prescribed form – the "Declaration for Singapore Tax Purposes Form" ("Form A").


5 These categories of Unitholders, unless they are exempt from tax because of their own circumstances, will have to pay income tax subsequently at their own applicable tax rates.

6 Unitholders in category 3(a) are not required to submit any form. The gross distribution received by these Unitholders (irrespective of their tax residence status) is exempt from tax. However, this tax exemption does not apply to such Unitholders in respect of distribution derived by them through a partnership in Singapore or from the carrying on of a trade, business or profession.

7 Tax at the reduced rate of 10% will be deducted from the distribution made to foreign non-individuals Unitholders. A foreign non-individual Unitholder is one (other than an individual) who is not a resident of Singapore for income tax purposes and:-

(a) who does not have a permanent establishment in Singapore; or

(b) who carries on any operation in Singapore through a permanent establishment in Singapore, where the funds used to acquire the Units are not obtained from that operation.
8 To receive the distribution net of tax deducted at 10%, foreign non-individual Unitholders are required to complete Form A.


9 Beneficial owners of Units who hold Units through depository agents will receive:-

(a) gross distribution if they are persons described in categories 3(a) to 3(d); and

(b) distribution net of tax deducted at 10% if they are foreign non-individuals described in Paragraph 7 above.

10 To receive gross distribution and distribution net of tax deducted at 10%, depository agents are required to complete the "Declaration by Depository Agents for Singapore Tax Purposes Form" ("Form B") and its annexes.

11 Form A and Form B (and its annexes) will be sent to Unitholders and depository agents respectively, by MIT’s unit registrar (the "Unit Registrar"), Boardroom   

Corporate & Advisory Services Pte. Ltd. at 50 Raffles Place #32-01 Singapore Land Tower, Singapore 048623, on or around Friday, 7 February 2014.

12 Unitholders (Form A) and the depository agents (Form B and its annexes) will have to complete the forms legibly and send it to the Unit Registrar such that the forms are received by 5.00pm on Thursday, 20 February 2014. Failure to comply with any of these requirements will render Form A and Form B invalid and the Trustee and the Manager of MIT will be obliged to deduct tax at the rate of 17% from the distribution.


13 Unitholders who hold Units under the Central Provident Fund Investment Scheme and the Supplementary Retirement Scheme do not have to return any form. They will receive gross distribution.

DISTRIBUTION REINVESTMENT PLAN
 The DRP provides Unitholders with the option to receive their distributions, either in the form of Units or cash or a combination of both. A Unitholder will have the following options in respect of his distribution:

 elect to receive a cash distribution on his existing Units held; or
  elect to receive an allotment of DRP Units credited as fully paid in lieu of the cash amount of the distribution entitlement for the Distribution Period ended 31 December 2013 only; or



 elect to receive an allotment of DRP Units, in lieu of part of the cash amount of the distribution entitlement credited as fully paid and the remaining distribution entitlement in cash.

For practical reasons and to avoid any violation of the securities laws applicable in countries outside Singapore where Unitholders may have their registered addresses (unless otherwise determined by the Manager) ("Overseas Unitholders"), the DRP will not be offered to Overseas Unitholders who have not provided to the CDP, not later than three Market Days1 prior to the BCD, addresses in Singapore for the service of notices and documents.


The tax treatment as described above will apply for Unitholders electing to receive distributions in Units. Where deduction of income tax is applicable and the Unitholders elect to receive the distributions in Units, the number of Units to be allotted under the DRP will be computed based on the distributions net of tax deducted.
Unitholders who wish to participate in the DRP will have to complete the Notice of Election2 and send it to the Unit Registrar such that it is received by 5.00pm on Thursday, 20 February 2014. Unitholders who do not wish to participate in the DRP need not complete the Notice of Election. Such Unitholders will receive their distributions in cash.
Declaration in Income Tax Return
 This distribution is considered as income for the year 2014. Beneficial owners of the distribution, other than those who are exempted from tax on the distribution or who are entitled to the reduced tax rate of 10%, are required to declare the gross amount of the taxable income component of the distribution as taxable income in their Singapore income tax return for the year of assessment 2015.
 Important Reminder
 Unitholders and depository agents must complete and return Form A, Form B (and its annexes) and Notice of Election to the Unit Registrar’s office by 5.00pm on Thursday, 20 February 2014 in order to receive the distribution either at gross or at net (after deduction of tax at 10%) as described above.

Important Dates Date	Event
5.00pm, Friday 24 January 2014	Last day of trading on "cum" basis
9.00am, Monday 27 January 2014	Units will be traded ex-distribution
5.00pm, Wednesday 29 January 2014	Closure of MIT’s Transfer Books and Register of Unitholders
5.00pm, Thursday 20 February 2014	Unitholders and depository agents must have completed and returned Form A or Form B, as applicable, and Notice of Election to the Unit Registrar (Boardroom Corporate & Advisory Services Pte. Ltd. located at 50 Raffles Place #32-01 Singapore Land Tower, Singapore 048623)
By Thursday, 6 March 2014	Payment of cash distribution
By Friday, 7 March 2014	Crediting of DRP Units to Unitholders’ securities accounts / Listing of the DRP units on the SGX-ST

Should Unitholders have any queries in relation to these procedures, please do not hesitate to contact:-

Melissa TAN

Vice President, Investor Relations

Tel: +65 6377 6113

Email: melissa.tanhl@mapletree.com.sg

Or visit MIT’s website at www.mapletreeindustrialtrust.com

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