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CitySpring Infrastructure Management Pte. Ltd. (“Trustee-Manager”) as Trustee-Manager of CitySpring Infrastructure Trust (“CitySpring”) has the dual responsibility of safeguarding the interests of unitholders, and managing the business conducted by CitySpring. The Board of Directors of the Trustee-Manager (the “Board”) and its Management are committed to a good standard of corporate governance so as to ensure transparency and protection of unitholders’ interests.

The Business Trust Act, Chapter 31A, of Singapore (“BTA”) stipulates requirements and obligations in respect of corporate governance. The Business Trust Regulations 2005 (“BTR”) set out the requirements for, among other things, board composition of a Trustee-Manager, audit committee composition of a Trustee-Manager and independence of directors of a Trustee-Manager. The Trustee-Manager, in addition to complying with BTA and BTR, uses the Code of Corporate Governance 2005 (the “Code”) as its benchmark for its corporate governance policies and practices.

For a full report of the Trustee-Manager's corporate governance framework and practices, please refer to CitySpring's Annual Report 2008 (pages 41 to 50) found here.