1. These 14 Singapore SPCs (collectively, the "Retail Mall Singapore SPCs") comprise the Tier 1 Retail Mall Singapore SPCs and the Tier 2 Retail Mall Singapore SPCs. Seven of these 14 Retail Mall Singapore SPCs (the "Tier 1 Retail Mall Singapore SPCs") will be acquired by LMIR Trust on the Listing Date. Each of these Tier 1 Retail Mall Singapore SPCs in turn, wholly-own another Singapore SPC (collectively, the "Tier 2 Retail Mall Singapore SPCs"). (See "Certain Agreements Relating to LMIR Trust and the Properties-Summary of Ownership Structure of the Retail Malls".)
  2. LMIR Trust will own ordinary and redeemable preference shares in, and receive dividends and/or redemption proceeds from, the Tier 1 Retail Mall Singapore SPCs and not from the Tier 2 Retail Mall Singapore SPCs. LMIR Trust will also own ordinary and redeemable preference shares in, and receive dividends and/or redemption proceeds from, the Retail Space Singapore SPCs.
  3. These seven Singapore SPCs (collectively, the "Retail Space Singapore SPCs") will be acquired by LMIR Trust on the Listing Date.
  4. As at the Listing Date, the entire share capital in each of the seven Indonesian SPCs (the "Retail Mall Indonesian SPCs") will be owned by two of the 14 Retail Mall Singapore SPCs. Each of the Retail Mall Indonesian SPCs owns one of the seven Retail Malls and receives rental payments from the tenants of the respective Retail Mall. (See "Certain Agreements Relating to LMIR Trust and the Properties-Summary of Ownership Structure of the Retail Malls".)
  5. The entire share capital in each of these seven Indonesian SPCs (the "Retail Space Indonesian SPCs") is owned by two of the seven Retail Space Singapore SPCs. Each of these Retail Space Indonesian SPCs will acquire one of the seven Retail Spaces from Matahari on the Listing Date and will, pursuant to the terms of the Master Lease Agreements, lease it to Matahari, as the Master Lessee, in consideration for rental payments from the Master Lessee.
  6. The Operating Companies comprise PT Multi Nusantara Karya, PT Selaras Maju, PT Sarana Karya Megah, PT Antara Nusa Permai, PT Primatama Kreasi Bersama and PT Kharisma Abadi Selaras.
  7. A service charge for the expenses incurred during each lease agreement shall be payable by each tenant to the relevant Operating Company for three years commencing from 1 January 2007.
  8. A fee for property management services in respect of theRetail Malls shall be payable to the Property Manager for an initial term of four years from the date of the relevant Existing Property Management Agreement. (See "-Certain Fees and Charges".)