CapitaLand Limited's ("CapitaLand") subsidiary, Australand, has today issued an announcement on the above matter, as attached, for information. CapitaLand has approximately 59.27% stake in Australand and consolidates Australand's operations in its Group's results.

Revaluations of CapitaLand Group's properties (including Australand) and those of its significant associated companies will also be included in the consolidated financial statements of the Group for the quarter ended June 2009.

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