Circular - Lippo Malls Indonesia Retail Trust - Investor Relations

The Pejaten Village Acquisition Pejaten Village comprises a six-level shopping centre with a total leasable retail floor area ofabout 41,847 square metres in the South Jakarta Region of Indonesia. Pejaten Village will be acquired by LMIR Trust through its wholly-owned subsidiary,Requis Investment Pte Ltd (“Requis”). Requis will enter into a sale and purchase agreementwith Sea Pejaten for the acquisition of a 75.0% interest in PT Panca Permata Pejaten(“PPP”), which directly holds Pejaten Village, and Gaillard Investment Pte Ltd(“Gaillard”), which is a wholly-owned subsidiary of Requis, will enter into a sale andpurchase agreement with Sea Pejaten and GNU for the remaining 20.0% and 5.0% interest inPPP, respectively. The purchase consideration for Pejaten Village is Rp. 748.0 billion (S$95.1 million) (the“Pejaten Village Purchase Consideration”), which was arrived at on a willing-buyer andwilling-seller basis after taking into account the valuations of Pejaten Village by: (a) KJPPWillson & Rekan in affiliation with Knight Frank (“KJPP Willson & Rekan”); and (b)KJPP Rengganis, Hamid & Rekan in strategic alliance with CB Richard Ellis (“KJPPRHP”) (KJPP Willson & Rekan and KJPP RHP are referred to as the “IndependentValuers”).LMIR Trust is expected to incur an acquisition fee in relation to Pejaten Village (the“Pejaten Village Acquisition Fee”) of Rp. 7.5 billion (or S$1.0 million) (which is equal to1.0% of the Pejaten Village Purchase Consideration) in connection with the Pejaten VillageAcquisition, which is payable in Units to the Manager pursuant to Clause 15.2.1 of the TrustDeed.The Binjai Supermall Acquisition Binjai Supermall comprises a 3-level shopping centre with a total leasable retail floor area ofabout 17,787 square metres in the North Sumatera Province of Indonesia. Binjai Supermall will be acquired by LMIR Trust through its wholly-owned subsidiary,Sagacity Investments Pte Ltd (“Sagacity”). Sagacity holds a 75.0% interest in PT AmandaCipta Utama (“ACU”), and Maxi Magna Investments Pte Ltd (“Maxi Magna”), which is awholly-owned subsidiary of Sagacity, holds a 25.0% interest in ACU. ACU will in turn enterinto a conditional sale and purchase agreement with the Binjai Supermall Vendors for theacquisition of Binjai Supermall. The purchase consideration for Binjai Supermall is Rp. 237.5 billion (S$30.2 million) (the“Binjai Supermall Purchase Consideration”), which was arrived at on a willing-buyer andwilling-seller basis after taking into account the valuations of Binjai Supermall by theIndependent Valuers. LMIR Trust is expected to incur the acquisition fee in relation to Binjai Supermall (the“Binjai Supermall Acquisition Fee”) of Rp.2.4 billion (or S$0.30 million) (which is equalto 1.0% of the Binjai Supermall Purchase Consideration) in connection with the BinjaiSupermall Acquisition, which is payable in Units to the Manager pursuant to Clause 15.2.1of the Trust Deed.A-2