Everyday Malls Primed For Defensive Growth

Listed on the Singapore Stock Exchange on 19 November, 2007, Lippo-Mapletree Indonesia Retail Trust is a Singapore-based real estate investment trust with a diversified portfolio of income producing retail and retail-related properties in Indonesia.

LMIR Trust's portfolio comprises eight high-quality retail malls and seven retail spaces located within other malls with a combined net lettable area ("NLA") of 403,632 sqm and valuation of S$1.056 billion. Strategically located within large urban middle-class population catchment areas such as in Greater Jakarta, Bandung and Medan. LMIR Trust's properties are everyday malls favoured by middle income to upper-middle income domestic consumers in Indonesia. Top tenants include well known international and domestic retailers and brand names, such as Matahari

Department Store, Hypermart, Giant Hypermarket, Centro, Gramedia Bookstore, Ace Hardware, SOGO, Timezone and Studio 21 Cinema.

The Sponsor of LMIR Trust is PT. Lippo Karawaci Tbk, Indonesia's largest listed property company and an internationally recognized corporation with a recognized track record and dominant position within the retail property industry in Indonesia.

The Manager of LMIR Trust, Lippo-Mapletree Indonesia Retail Trust Management Ltd. is incorporated in Singapore and 60% indirectly owned by the Sponsor and 40% owned by Mapletree Capital Management Pte Ltd, a wholly owned subsidiary of Mapletree Investments Pte Ltd ("Mapletree"). Mapletree is a leading Asia-focused real estate capital management company headquartered in Singapore. It owns and manages more than S$12 billion of real estate assets comprising office, logistics, industrial, business park, and retail/lifestyle properties across Asia.