LIPPO-MAPLETREE - Lippo Malls Indonesia Retail Trust - Investor ...

Retail Space LocationPeriod 2007 2007 (1) 2007 (1) Year 2008 Year 2009Knight Frank by Colliers 2007 Knight Frank)NPI for Forecast NPI for Projection NPI for Projection Appraised value by Knight Frank as at 30 June AnnualisedForecast Period 2007NPI yield on valuation by Appraised value by Colliers as at 30 June AnnualisedForecastPeriod 2007NPI yield on valuation NLA as at 30 June Percentage ofaggregatevalue of theProperties (asdetermined by(S$’000) (S$’000) (S$’000) (S$ million) (%) (S$ million) (%) (sq m) (%)Mall WTC Matahari Units . . . Tangerang, Greater Jakarta 843 1,742 1,770 25.2 6.7 24.3 6.9 11,184 (8) 2.5Metropolis Town SquareUnits................ Tangerang, Greater Jakarta 1,156 2,382 2,420 33.5 6.9 32.2 7.2 15,248 (9) 3.3Depok Town Square Units . . Depok, Greater Jakarta 861 1,778 1,807 25.7 6.7 24.8 7.0 13,045 (9) 2.6Java Supermall Units ...... Semarang, Central Java 836 1,726 1,754 26.0 6.4 25.0 6.7 11,082 (8) 2.6Malang Town Square Units . . Malang, East Java 834 1,723 1,751 25.5 6.5 25.8 6.5 11,065 (9) 2.5Plaza Madiun ........... Madiun, East Java 1,081 2,228 2,264 33.4 6.5 31.8 6.8 19,029 3.3Grand Palladium MedanUnits................ Medan, North Sumatra 886 1,829 1,859 26.2 6.8 25.2 7.0 13,417 (9) 2.6Total for Retail Spaces .... 6,497 13,408 13,626 (6) 195.5 6.6 188.9 (6) 6.9 94,070 19.5 (6)Total for Properties ...... 37,868 (10) 80,037 (10) 86,426 (10) 1,004.7 7.5 1,016.3 7.5 313,452 100.0Notes:(1) Based on exchange rate adopted at S$1 = Rp. 5,900(2) Current ongoing asset enhancement works to include a new alfresco café area called the “Plangi on the Sky” café will increase NLA by an estimated 3,000 sq m, bringing total NLAto approximately 61,685 sq m by the end of 2007.(3) Recently completed asset enhancement works to expand the retail space at Mal Lippo Cikarang have increased the NLA by 10,694 sq m, bringing the total NLA to 28,668 sq m.(4) Recently completed asset enhancement works for the third floor and mezzanine floor have increased the NLA by 5,013 sq m, bringing the total NLA to 25,600 sq m.(5) Recently completed asset enhancement works have increased the NLA by 3,843 sq m, bringing the total NLA to 30,315 sq m.(6) Due to rounding differences.(7) Weighted average occupancy as at 30 June 2007.(8) Based on Strata Titles Ownership Certificates.(9) Based on Kiosks Sale and Purchase Binding Agreements (See “Business and Properties—Information Regarding the Title of the Properties—The Retail Spaces—Kiosks Sale andPurchase Binding Agreement.”).(10) Does not tie in with the NPI in the consolidated statement of total return for the Forecast Period 2007, Projection Period 2008 and Projection Period 2009 as the NPI in theconsolidated statement of total return for these respective periods include the operating expenses of the Singapore SPCs.14