Regulation 2

the arranger; or

any corporation related to the arranger which is licensed as a dealer or investment adviser, is an exempt dealer or is an investment adviser exempt from the requirement to hold an investment adviser’s licence under the Securities Industry Act (Cap. 289); “initial public offer” means an offer to the public of units in a unit trust for subscription or purchase or an invitation to the public to subscribe for or purchase units in a unit trust, such units not having previously been the subject of such an offer or an invitation and not having previously been issued;“institutional investor” means any person or institution referred to in section 106C of the Act;“pre-deal research report” means any report issued prior to the initial public offer of units in the relevant unit trust which —

advertises the initial public offer; or (b)contains any statement that directly or indirectly refers to the initial public offer, but which contains a statement to the effect that the report does not amount to an offer or invitation to the public to subscribe for or purchase units in the relevant unit trust;“relevant unit trust” means the unit trust scheme initially constituted as SingMall Property Trust and now known as CapitaMall Trust.