LETTER TO UNITHOLDERS
M&C Business Trust Management Limited
Company registration number: 200607118H
(Incorporated in the Republic of Singapore)
Date: 13 March 2015
To: Holders of Stapled Securities in CDL Hospitality Trusts
Dear Sir / Madam
AUDITED FINANCIAL STATEMENTS OF M&C BUSINESS TRUST MANAGEMENT LIMITED FOR THE FINANCIAL YEAR
ENDED 31 DECEMBER 2014
We are pleased to enclose for your information a copy of the audited financial statements of M&C Business Trust Management
Limited for the financial year ended 31 December 2014, pursuant to Section 78(1)(b) of the Business Trusts Act, Chapter 31A
of Singapore.
Please note that the enclosed audited financial statements are not in respect of CDL Hospitality Business Trust, but in respect of
M&C Business Trust Management Limited, which is the trustee-manager of CDL Hospitality Business Trust. The enclosed set of
audited financial statements is independent of the financial statements of CDL Hospitality Trusts and does not have any impact
on the distributable income of the holders of stapled securities in CDL Hospitality Trusts.
Please refer to the Annual Report 2014 for the audited financial statements of CDL Hospitality Business Trust for the financial year
ended 31 December 2014.
For and on behalf of the Board of Directors
M&C Business Trust Management Limited
Vincent Yeo Wee Eng
Director
