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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES. THIS

RELEASE IS NOT AN OFFER FOR SALE OF THE SECURITIES IN THE UNITED STATES. THE SECURITIES OF CITYSPRING

INFRASTRUCTURE TRUST ARE NOT BEING REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS

AMENDED (THE

AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS UNDER THE

SECURITIES ACT. THERE WILL BE NO PUBLIC OFFERING OF THE SECURITIES IN THE UNITED STATES.SECURITIES ACT), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES EXCEPT PURSUANT TO

CITYSPRING INFRASTRUCTURE TRUST

(a business trust constituted under the laws of Singapore and

registered under the Business Trusts Act, Chapter 31A of Singapore (Registration No: 2007001))

managed by

CITYSPRING INFRASTRUCTURE MANAGEMENT PTE. LTD.

as Trustee-Manager of CitySpring Infrastructure Trust

(incorporated in Singapore (Registration No: 200614377M))

RENOUNCEABLE UNDERWRITTEN RIGHTS ISSUE

RECEIPT OF IN-PRINCIPLE APPROVAL AND NOTICE OF BOOKS CLOSURE DATE

Capitalised terms used herein shall have the definitions ascribed to them in the announcement dated 14 August 2009,

unless otherwise stated or the context otherwise requires.

1. Introduction

CitySpring Infrastructure Management Pte. Ltd., as trustee-manager (“

CitySpring Infrastructure Trust (“

on the renounceable fully underwritten rights issue of new units in CitySpring (“

raise gross proceeds of approximately S$235.2 million (“Trustee-Manager”) ofCitySpring”) refers to its announcement dated 14 August 2009Rights Units”) toRights Issue”).

2. In-Principle Approval

The Trustee-Manager wishes to announce that in-principle approval has been obtained from the

Singapore Exchange Securities Trading Limited (“

quotation of the Rights Units on the Main Board of the SGX-ST.

The SGX-ST’s in-principle approval is subject to,

(a) compliance with continued listing requirements;

(b) preference being given to the rounding of odd lots in the allotment of any excess Rights

Units, and substantial Unitholders and the directors of the Trustee-Manager ranking last in

priority in the allotment of any excess Rights Units;

(c) submission of the notification referred to in Rule 864(4) of the Listing Manual, if applicable,

upon any significant changes affecting the matter in the application for the listing of the

Rights Units;

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(d) submission of an undertaking to (i) make periodic announcements on the use of proceeds

from the Rights Issue when materially disbursed and (ii) provide status report(s) on the

use of proceeds in the annual report(s), until such time the proceeds from the Rights Issue

have been fully utilised; and

(e) prominent disclosures made in an SGXNET announcement that the Rights Units will have

the right to distributions of CitySpring which may accrue from 1 July 2009 to 30 September

2009 as well as all distributions thereafter, and the provision of basis of views by the

Trustee-Manager on whether such an arrangement is fair to existing Unitholders.

The SGX-ST’s in-principle approval is not to be taken as an indication of the merits of the Rights

Issue, the Rights Units, the Trustee-Manager, CitySpring and its subsidiaries.SGX-ST”) on 19 August 2009 for the listing andinter alia, the following:

3. Waiver of Rule 704(25) of the Listing Manual of the SGX-ST

The Trustee-Manager also wishes to announce that the SGX-ST has on 19 August 2009 granted

the Trustee-Manager a waiver from Rule 704(25) of the Listing Manual of the SGX-ST which

states that an issuer must not close its books for any purpose until at least eight market days after

the last day of the previous books closure period.

In view of the waiver, the Trustee-Manager is permitted to fix a books closure date of 27 August

2009 for the purpose of determining the provisional allotments of Rights Units to Unitholders under

the Rights Issue, notwithstanding that it has fixed a record date of 26 August 2009 for the payment

of distributions accrued during the period 1 April 2009 to 30 June 2009. The waiver granted by the

SGX-ST is subject to the condition that the Trustee-Manager submits a written confirmation to the

SGX-ST that it is not aware of any information that will have a material bearing on investors’

decision which has yet to be announced.

4. Notice of Books Closure Date

Notice is hereby given that the register of unitholders and the unit transfer books of the CitySpring

will be closed at 5.00 p.m. (Singapore time) on 27 August 2009 (“

purpose of determining the provisional allotments of Rights Units to Unitholders under the Rights

Issue.

Unitholders are requested to note the following important dates and times leading up to the Books

Closure Date:

Last day of “cum-rights” trading of Units : Monday, 24 August 2009

Units trade ex-Rights : Tuesday, 25 August 2009 from 9.00 a.m.

Books Closure Date : Thursday, 27 August 2009 at 5.00 p.m.

More details on the timeline for the Rights Issue will be set out in an announcement following

lodgment of the Offer Information Statement with the Monetary Authority of Singapore (“

3Books Closure Date”) for theMAS”).

5. Distributions

CitySpring’s current policy is to distribute its distributable income on a quarterly basis to

Unitholders. The Rights Units are expected to be issued towards the end of September 2009.

Unitholders should note that the Rights Units, when issued and fully paid, will rank

passu

Rights Units, including the right to any distribution declared for the second quarter ending

30 September 2009 as well as all distributions thereafter.pariin all respects with the then existing Units in issue as at the date of issue of the

The Board is of the view that this arrangement is fair to existing Unitholders as the provisional

allotments of Rights Units are being offered to all existing Unitholders on a

renounceable basis. Entitled Unitholders who decide not to accept in full their provisional

allotments of Rights Units can sell their “nil-paid” rights on the SGX-ST under the book-entry

(scripless) settlement system.

For the avoidance of doubt, the Rights Units will not be entitled to the DPU of 1.75 Singapore cents

declared for the first quarter ended 30 June 2009, which record date for distribution has been fixed

on 26 August 2009.pro rata and

6. Eligibility to Participate in the Rights Issue

Entitled Unitholders.

Limited (“

Date (“

Units then standing to the credit of their securities accounts with CDP.

To be “Entitled Unitholders”, Depositors must have registered addresses in Singapore with CDP

as at the Books Closure Date or if they have registered addresses outside Singapore must provide

CDP, at 4 Shenton Way, #02-01 SGX Centre 2, Singapore 068807, with a registered address in

Singapore no later than three market days prior to the Books Closure Date, in order to receive their

provisional allotment of Rights Units.

Unitholders should note that the offer and sale of, or exercise or acceptance of, or subscription for,

“nil-paid” Rights and Rights Units to or by persons located or resident in jurisdictions other than

Singapore may be restricted or prohibited by the laws of the relevant jurisdiction. (For further

information, please refer to the Offer Information Statement which will be lodged with the MAS in

due course.)Unitholders whose securities accounts with The Central Depository (Pte)CDP”) are credited with Units as at 5.00 p.m. (Singapore time) on the Books ClosureDepositors”) will be provisionally allotted with Rights Units on the basis of the number of

SRS investors and investors who hold Units through a finance company and/or Depository

Agent.

through a finance company and/or Depository Agent (as defined in Section 130A of the

Companies Act, Chapter 50 of Singapore) can only accept their provisional allotments of Rights

Units and (if applicable) apply for excess Rights Units by instructing the relevant approved banks

in which they hold their SRS accounts, finance companies and/or Depository Agents to do so on

their behalf.

the CDP or ATMs will be rejected.

Statement for details relating to the offer procedures in connection with the Rights Issue.

4Supplementary Retirement Scheme (“SRS”) investors and investors who hold UnitsAny acceptance and/or application made by such Unitholders directly throughSuch Unitholders should refer to the Offer Information

Foreign Unitholders.

laws outside Singapore, the Rights Units will not be offered to Unitholders with registered

addresses outside Singapore as at Books Closure Date and who have not at least three market

days prior thereto provided CDP with addresses in Singapore for the service of notices or

documents in accordance with the foregoing.

To the extent it is practicable to do so, arrangements may, at the absolute discretion of the

Trustee-Manager, be made for the Rights Units which would otherwise have been provisionally

allotted to Foreign Unitholders to be sold “nil-paid” on the SGX-ST as soon as practicable after

commencement of trading of “nil-paid” Rights. The net proceeds of such sales (after deducting any

applicable brokerage, commissions and expenses, including goods and services tax) will be

aggregated and paid to Foreign Unitholders in proportion to their respective unitholdings as at the

Books Closure Date, save that no payment will be made of amounts of less than S$10.00 to a

single or joint Foreign Unitholders, which amounts will be aggregated and will ultimately accrue to

the benefit of CitySpring.

For the avoidance of doubt, even if a Foreign Unitholder has provided a Singapore address as

aforesaid, the offer of Rights Units to him will be subject to compliance with applicable securities

laws outside Singapore.For practical reasons and in order to avoid violating applicable securities

Entitled QIBs.

intended to be offered or sold to persons in the United States, except for offers and sales to a

limited number of qualified institutional buyers (as defined in Rule 144A under the Securities Act):

(a) whose identities have been agreed upon by the Trustee-Manager and the Underwriters; (b)

who are also qualified purchasers as defined in Section 2(a)(51) of the United States Investment

Company Act of 1940, as amended (“

Trustee-Manager, and the Trustee-Manager has accepted, a signed Investor Representation

Letter in the form enclosed in the Offer Information Statement; and (d) who are also Entitled

Unitholders (“

Securities Act under Section 4(2) thereof. The Trustee-Manager and the Underwriters reserve

absolute discretion in determining whether to allow such participation.Notwithstanding the foregoing, the “nil-paid” Rights and Rights Units are notInvestment Company Act”); (c) who have provided to theEntitled QIBs”), pursuant to the exemption from the registration requirements of the

7. Underwriting of the Rights Issue

As mentioned in the announcement dated 14 August 2009, the Rights Issue is fully underwritten,

severally and not jointly, by the Underwriters on the terms and subject to the conditions of the

Underwriting Agreement. In consideration of the Underwriters’ agreement to fully underwrite the

Rights Units, the Trustee-Manager will pay the Underwriters an underwriting commission of (a)

1.75% of the Rights Issue Price multiplied by the number of Temasek

2.25% of the Rights Issue Price multiplied by the difference between (i) the total number of Rights

Units and (ii) the number of Temasek

The Underwriters will also be entitled to a financial advisory fee of 0.3% of the gross proceeds of

the Rights Issue. This fixed fee is meant to remunerate the Underwriters for the provision of

financial advisory services relating to the Rights Issue, and fees of similar nature with different

names (e.g. management fee) have been charged in other rights issues in Singapore.

In addition, they may also be entitled to a discretionary incentive fee of up to 0.25% of the Rights

Issue Price multiplied by the difference between (a) the total number of Rights Units and (b) the

number of Temasek

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Trustee-Manager and has been noted in other rights issues in Singapore. It serves to incentivise

the Underwriters to work towards the success of the Rights Issue.

By Order of the BoardPro Rata Units, and (b)Pro Rata Units.Pro Rata Units. This incentive fee is payable at the sole discretion of the

CitySpring Infrastructure Management Pte. Ltd.

as Trustee-Manager of

CitySpring Infrastructure Trust

Susanna Cher

Company Secretary

19 August 2009

For investor and media enquiries, please contact:

Low Hooi Hoon

Weber Shandwick

T: +65 6825 8024

E: hlow@webershandwick.com

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IMPORTANT NOTICE

This Announcement is for information purposes only and does not constitute or form part of any offer or invitation to sell or issue, or

any solicitation of any offer to acquire, Rights or Rights Units or to take up any entitlements to Rights Units in any jurisdiction in which

such an offer or solicitation is unlawful. No person should acquire any Rights or Rights Units except on the basis of the information

contained in the Offer Information Statement.

The information contained in this Announcement should not be distributed, forwarded to or transmitted in or into any jurisdiction

where to do so might constitute a violation of applicable securities laws or regulations.

The issue, exercise or sale of rights and the acquisition or purchase of Rights Units are subject to specific legal or regulatory

restrictions in certain jurisdictions. The Trustee-Manager and the Underwriters assume no responsibility in the event there is a

violation by any person of such restrictions.

The distribution of this Announcement, the Offer Information Statement and/or the application forms for Rights Units and/or excess

Rights Units into jurisdictions other than Singapore may be restricted by law. Persons into whose possession this Announcement and

such other documents come should inform themselves about and observe any such restrictions. Any failure to comply with these

restrictions may constitute a violation of the securities laws of any such jurisdiction.

Neither the content of CitySpring’s website nor any website accessible by hyperlinks on the CitySpring’s website is incorporated in, or

forms part of, this Announcement.

This Announcement contains or incorporates by reference “forward-looking statements” regarding the belief or current expectations

of the Trustee-Manager, the Board and other members of its senior management about CitySpring’s businesses and the transactions

described in this Announcement. Generally, words such as ‘‘may’’, ‘‘could’’, ‘‘will’’, ‘‘expect’’, ‘‘intend’’, ‘‘estimate’’, ‘‘anticipate’’,

‘‘believe’’, ‘‘plan’’, ‘‘seek’’, ‘‘continue’’ or similar expressions identify forward-looking statements. These forward-looking statements

are not guarantees of future performance. Rather, they are based on current views and assumptions and involve known and unknown

risks, uncertainties and other factors, many of which are outside the control of the Trustee-Manager and are difficult to predict, that

may cause actual results to differ materially from any future results or developments expressed or implied from the forward-looking

statements. Such risks and uncertainties include the effects of continued or increasing volatility in international financial markets,

economic conditions both internationally and in individual markets in which the Group operates, and other factors affecting the level of

the Group’s business activities and the costs and availability of financing for the Group’s activities. Any forward-looking statement

contained in this Announcement based on past or current trends and/or activities of the Group should not be taken as a

representation that such trends or activities will continue in the future. No statement in this Announcement is intended to be a profit

forecast or to imply that the earnings of CitySpring for the current year or future years will necessarily match or exceed the historical

or published earnings of CitySpring. Each forward-looking statement speaks only as of the date of the particular statement. The

Trustee-Manager and the Underwriters expressly disclaim any obligation or undertaking to release publicly any updates or revisions

to any forward-looking statements contained herein to reflect any change in the Trustee-Manager’s expectations with regard thereto

or any change in events, conditions or circumstances on which any such statement is based.

Congrats..with the dividends paid out U shd be> than break even..Aug 24 another round.

Looks like creeping up again from low 725 to 76cts after announcement of rights issue..must factor in the dividends ex date on Aug 24 $17.50 per lot