Right Place, Right Time, Right Company

PT Tbk 9M 2016 ’s Largest and Most Integrated Property Group Leaders in Integrated Developments, Hospitals, Retail Malls, Hotels and Asset Management CONTENTS

CORPORATE STRUCTURE 01

LARGEST & MOST INTEGRATED PROPERTY COMPANY 02

FOUR BUSINESS DIVISIONS 03

MOST RECENT FINANCIAL RESULTS 04 - 05

DIVERSIFIED LANDBANK & PROJECTS 06 - 07

MOST INTEGRATED BUSINESS MODEL 08

HIGHLY EXPERIENCED & PROFESSIONAL MANAGEMENT 09

GROWTH STRATEGIES 10

OUR PORTFOLIO 11 - 36

FINANCIAL PERFORMANCE 37 - 41

APPENDICES 42 - 62 CORPORATE STRUCTURE

LIPPO RELATED COMPANIES CREDIT SUISSE AGSG TRACCL MPU PUBLIC 25.95% 5.32% 68.73 %

As of 30 Sept 2016 No of Floating Shares : 22,771,585,119 Code : LPKR.JK ; LPKR IJ

61,8% 54,4% 59,8% 100%

PT SILOAM INTERNATIONAL PT LIPPO CIKARANG TBK PT GOWA TOURISM PT BOWSPRIT ASSET HOSPITALS TBK DEVELOPMENT TBK MANAGEMENT

01 LARGEST & MOST INTEGRATED PROPERTY COMPANY

Largest listed property Company by Revenue and Total Assets. Revenue and Total Assets for 9M’2016: USD 571 million and USD 3.5 billion, respectively.

Fastest growing Indonesian real estate group market cap grew by more than 9x to USD 1.8 billion1 since the merger of eight property related companies in 2004. Market leader in townships & residential property, hospitals, and retail malls.

Integrated business model with ability to recycle capital, and largest diversified landbank throughout Indonesia.

Only Property Company rated by three rating agencies (B+ by Standard & Poor’s2 , BB- by Fitch3, Ba3 by Moody’s 4)

Included in MSCI Global Standard Indices & major Indices: LQ45,IDX30, Islamic Index, Bisnis-27, ISSI, Kompas-100, and Investor-33.

Strong International Partners and Shareholders.

Multi Award winning Developer.

1As of September 30, 2016 2Affirmed on October 24, 2016 3Affirmed on October 27, 2016 4Affirmed on October 18, 2016 02 FOUR BUSINESS DIVISIONS

DEVELOPMENT REVENUE RECURRING REVENUE

RESIDENTIAL AND ASSET URBAN DEVELOPMENT HOSPITALS COMMERCIAL MANAGEMENT

Development rights: 23 hospitals with more Malls: Manages 2 public than 5,100 beds capacity listed REITs in SGX : 8,087 ha Own and/or manage under the Siloam 44 malls First REIT & LMIRT Hospitals network. (GFA of 3.2 million sqm) Land already acquired: 43 hospitals in the 14 malls in the pipeline USD2.2 billion Assets 4,943 ha pipeline Under Management

Hotels: Landbank Inventory: National and Own and/or manage Town Management 1,328 ha International (JCI) 9 hotels with 1,970 Lippo Village : 26% accreditation rooms Lippo Cikarang : 37% Tanjung Bunga: 22% San Diego Hills : 7%

03 REVENUE & EBITDA CONTRIBUTION

REVENUE EBITDA 9M’16: Rp7,425 Trillion 9M’16: Rp1,701 Trillion

32% 41% 28% 52%

9% 17% 7% 14%

Residential & Urban Development Commercial Hospitals Asset Management

Source : Company as of 9M’2016 04 INCOME STATEMENTS: 9M’2016 AND 9M’2015

REVENUE 9M’16: RP 7,425 TRILLION EBITDA 9M’16: RP 1,701 TRILLION REVENUE 9M’15: RP 6.759 TRILLION EBITDA 9M’15: RP 1,815 TRILLION Rp bn Rp bn

4.500 1.200 1.056 4.000 3.824 1.000 3.500 2.771 3.013 3.000 800 2.412 702 2.500 600 2.000 482 412 1.500 400 280 1.000 651 237 538 440 535 184 163 500 200 - - - Residential & - Healthcare - Commercial - Asset - Residential & - Healthcare - Commercial - Asset Urban Management Urban Management Development Development

NPAT 9M’16: RP 665 BILLION Source : Company as of 9M’2016 NPAT 9M’15: RP 66 BILLION 05 MOST DIVERSIFIED LANDBANK AND PROJECTS

INDONESIA

Grand Palladium Sun Plaza Plaza Medan Fair Aryaduta Hotel Manado Medan Siloam Hospitals Manado Monaco Bay Binjai Supermall Siloam Hospitals Medan Holland Village Manado Aryaduta Hotel Medan

Aryaduta Hotel Pekanbaru Siloam Hospitals Samarinda Siloam Hospitals Balikpapan

KALIMANTAN SULAWESI MALUKU Siloam Hospitals Jambi PAPUA Lippo Plaza Jambi Palembang Square St Moritz Panakukang PSx Mall Lippo Plaza Buton Siloam Hospitals Palembang Projects in Greater Jakarta Siloam Hospitals Buton Aryaduta Hotel Palembang Siloam in Greater Jakarta (8) Tanjung Bunga Township Palembang Icon Mall Malang Town Square Siloam Hospitals Makassar Indah Plaza JAVA GTC Makassar Istana Plaza Aryaduta Hotel Bandung Siloam Hospitals Labuan Bajo Siloam Hospitals Purwakarta Lippo Plaza Kupang Lippo Plaza Yogya Siloam Hospitals Kupang City of Tomorrow, Siloam Hospitals Nusa Dua, Kuta, Sunset (Bali) Residential & Urban Development Siloam Hospitals Surabaya Lippo Plaza Sunset Hospitals Lippo Mall Kuta Retail Malls Hotels

06 MOST DIVERSIFIED LANDBANK AND PROJECTS

PROJECTS IN GREATER JAKARTA Jakarta Population : 12 million1 N Greater Jakarta Population : 30 million1 JAVA SEA

NORTH JAKARTA

International Airport Soekarno Hatta St. Moritz Gajah Mada Plaza Lippo Mall Puri Holland Village PX Pavilion CENTER OF Metropolis Town Square JAKARTA Aryaduta Hotel Jakarta Siloam Hospitals Kebon Jeruk Lippo Thamrin MRCCC Aryaduta Hotel Semanggi Lippo Village Township Benton Junction Embarcadero Bintaro The Plaza Semanggi Grand Mall Bekasi Millenium Village (LV new CBD) Blu Plaza Bekasi Siloam Hospitals Lippo Village Siloam General Hospitals Lippo Mall Kemang The Nine Residence Aryaduta Hotel & Country Club WTC Matahari San Diego Hills Memorial Park Maxxbox Karawaci Royal Serpong Village Kramat Jati Indah Plaza Siloam Hospitals TB Simatupang Lippo Cikarang Township BANTEN Siloam Hospitals Cinere Orange County (LC new CBD) PROVINCE Tamini Square Siloam Hospitals Asri Siloam Hospitals Lippo Cikarang EAST Lippo Cikarang Mall JAKARTA Citywalk Cikarang Maxxbox Cikarang Residential & Urban Development Cibubur Junction Hospitals Retail Malls WEST JAVA Hotels Bellanova Country Mall PROVINCE Offices Depok Town Square Eka Lokasari Mall TOLL ROAD Park View Apartments 1Indonesia Central Statistic Bureau Puncak Resort 07 MOST INTEGRATED BUSINESS MODEL IN INDONESIAN PROPERTY SECTOR

DEVELOPERS PROPERTY OPERATIONS Majority of Indonesian Developer, Operator and Majority of Indonesian Developers REIT & Portfolio Developers Managers

REITs

Integrated Projects Development Across Property Income Proven Experience & Value Chain Track Record Projects: Buyers: Prudent & Sustainable Existing • Residential • Individual Financial Management Landbank & • Industrial • Corporate Proactive • Commercial Capitalizing on Group Land Synergies Recurring Income Acquisition Service: • Healthcare Sophisticated Marketing • Hospitality Middle income and • Leased Mall upper market segment Management THIRD PARTIES

DEVELOPMENT AND OPERATING CAPABILITIES ACROSS THE SPECTRUM OF REAL ESTATE PRODUCTS

08 HIGHLY EXPERIENCED & PROFESSIONAL MANAGEMENT

BOARD OF COMMISSIONERS: BOARD OF DIRECTORS:

Theo L. Sambuaga Surjadi Soedirja Agum Gumelar Ketut Budi Wijaya Tjokro Libianto Lee Heok Seng* Chairman Vice Chairman President Director

Farid Harianto H. Sutiyoso Muladi Jenny Kuistono Johanes Jany Alwi Sjaaf SENIOR EXECUTIVES BUSINESS UNITS:

Richard Setiadi* Chan Chee Meng* Romeo Lledo Toto Bartholomeus Edward Ng Anthony Ross * New appointees on 2016 AGM 09 GROWTH STRATEGIES

ASSET RESIDENTIAL AND HOSPITALS COMMERCIAL URBAN DEVELOPMENT MANAGEMENT

Enhance value of our Deliver as promised on our RETAIL MALLS Deliver a significant landbank through various hospital expansion program Execute on planned pipeline growth in scale in our new infrastructure whilst further enhancing our developments REITs through our asset development and high position as the leading light strategy. quality residential and hospital and healthcare Expedite the development of commercial products. group in Indonesia. pipeline projects

Continue to complete and Continue our operational Fast track asset Continue to grow our fee deliver on project pipeline and cost efficiency enhancement projects in income contribution which with due consideration of programs to shorten existing malls. strengthen our recurring recent regulations in a more stabilisation periods of new revenue base. realistic launch schedule hospitals. Enhance process and culture to create Indonesia’s Continue to diversify into Set the benchmark for premier malls operator. Increase Fee Income other types of property innovative medical packages through management of developments, i.e. office. that meet the needs of our HOTELS Real Estate Investment growing middle class. Increase market share and Funds (DIRE) Ramp up our marketing profitability of our existing sales to capitalise on Create new medical package hotel portfolio current opportunities and to meet the needs of broad our industry leading market segment for world Entry into the middle market position. class healthcare through launch of three star hotel chain

Wider price range to capture broad market coverage

10 RESIDENTIAL & URBAN DEVELOPMENT

LIPPO VILLAGE AT KARAWACI, JAKARTA WEST

Artist Impression

Total Area Development Area Green Area Development Rights Land already acquired Landbank inventory 132 ha 71 ha 125 ha 3,066 ha 1,184 ha 283 ha Planned Development Development Period Residential Total Towers Built > 70 3 Phase Population Jobs Houses > 10,583 Est. Building GFA > 6 mn sqm > 59,405 48,664 Condos > 1,120 - Residential > 2 mn sqm Shophouses > 1,193 - Medical City > 400,000 sqm - Commercial (Retail +Office)> 600,000 sqm - Mixed Use > 3 mn sqm 113.5 km roads built, 59,572 trees planted, 21% green space Lippo Hotels > Five Star & Boutique Hotel Art District, Lippo World Expo, ZU Private Club, Lippo Grand Mall 11 RESIDENTIAL & URBAN DEVELOPMENT

LIPPO CIKARANG, JAKARTA EAST

Glendale Park Westwood Suites (505 units) Pasadena Suites (435 units) (419 units)

Burbank Suites (560 units) Irvine Suites (441 units) Burbank Suites (560 units)

Artist Impression

Total Area Development Area Open Area Development Rights Land already acquired Landbank inventory 280 ha 236 ha 44 ha 3,250 ha 2,821 ha 490 ha Planned Development Development Period Workers Residential Population Total Towers Built > 50 3 Phase 484,300 Houses > 14,000 > 50,720 Est. Building GFA > 6 mn sqm Condos > 1,395 - Residential > 1.8 mn sqm Shophouses > 1,216 Global Names : - Commercial (Office & Retail) > 520,000 sqm No. of Factories Toyota Tsusho, - Mixed Use > 3.7 mn sqm Industrial > 990 Hankook, Danone, Lippo Hotels > Five Star & Boutique Hotel Epson, Sanyo, KIA Motors Siloam Hospitals, University, School, Lippo Mall, Offices 12 281 km roads built, and 93,850 trees planted, RESIDENTIAL & URBAN DEVELOPMENT

TANJUNG BUNGA, MAKASSAR, SOUTH SULAWESI SAN DIEGO HILLS MEMORIAL PARK AND FUNERAL HOME

Development Rights Land already acquired Landbank inventory Master Plan Land already acquired Landbank inventory 1,500 ha 643 ha 290 ha 500 ha 125 ha 91 ha (+ 14 ha family center & lake} Residential Population Jobs Houses > 6,509 Plot Sold > 14,343 12,945 Shophouses > 172 45,891

27 km roads built, and 8,659 trees planted,

13 A LANDMARK PROJECT – SOUTH JAKARTA (FIRST LAUNCHED ON JULY 2007)

THE COSMOPOLITAN

THE INFINITY SOLD (AS OF 30 SEPTEMBER 2016) THE BLOOMINGTON THE THE THE RITZ THE EMPIRE INTERCON COSMOPOLITAN THE TIFFANY 98% 97% 97% Rp 438 bio Rp 388 bio Rp 340 bio THE RITZ 100% completion 100% completion 100% completion

THE EMPIRE THE TIFFANY THE INFINITY THE INTERCON

JW MARRIOTT HOTEL 100% 100% 100%

International Rp 599 bio Rp 392 bio Rp 359 bio School 100% completion 100% completion 100% completion

THE BLOOMINGTON PAYMENT PROFILE LIPPO MALL KEMANG

91% Cash 30% Rp 915 bio Mortgage 49% 12-36 Monthly Installment 21% Construction Progress as at 31 Dec 2013 100% completion

14 TOTAL LAND AREA : 11.4 Ha (FIRST LAUNCHED ON AUGUST 2008)

PRESIDENTIAL SUITE SOLD (AS OF 30 SEPTEMBER 2016) (140 units) ROYAL AMBASSADOR SUITE SUITE NEW ROYAL (144 units) (231 units) SUITE PRESIDENTIAL AMBASSADOR (197 units) ROYAL SUITES NEW PRESIDENTIAL SUITES SUITES SUITE (159 units) 96% 97% 98% Rp 449 bio Rp 356 bio Rp 367 bio

New AMBASSADOR SUITE 100% completion 100% completion 100% completion (171 units) NEW NEW NEW ROYAL PRESIDENTIAL AMBASSADOR SUITES Hotel & SUITES SUITES Offices 85% 90% 99% Rp 584 bio Rp 512 bio Rp 367 bio

97% completion 96% completion 100% completion

PAYMENT PROFILE

LIPPO MALL Cash 28 % PURI Mortgage 49 % Construction Progress as at 31 Dec 2014 12-36 Monthly Installment 23 %

15 PIPELINE PROJECTS

NEWPORT PARK URBAN HOMES ORANGE COUNTY, LIPPO VILLAGE LIPPO CIKARANG

Tentative Launch : Nov 2016 Tentative Launch : Dec 2016 SGA : 28,933 sqm Land Area : 1.3 Ha Total Units : 554 Total Units : 2,520 (2 towers) 16 PRE-SOLD PROJECTS UNDER CONSTRUCTION (LAUNCHED IN 2011- 2013)

OFFICE TOWER PARK VIEW APARTMENTS HOLLAND VILLAGE LIPPO THAMRIN AT THE ST. MORITZ THE NINE RESIDENCE DEPOK CENTRAL JAKARTA WEST JAKARTA SOUTH JAKARTA

17 PRE-SOLD PROJECTS UNDER CONSTRUCTION (LAUNCHED IN 2014)

ST. MORITZ PANAKUKANG EMBARCADERO BINTARO OFFICE TOWER AT HILLCREST+ FAIRVIEW MAKASSAR WESTERN WING, TANGERANG HOLLAND VILLAGE, JAKARTA LIPPO VILLAGE

HOLLAND VILLAGE SECOND PHASE EMBARCADERO BINTARO IRVINE + WESTWOOD CENTRAL JAKARTA EASTERN WING, TANGERANG LIPPO CIKARANG

18 PRE-SOLD PROJECTS UNDER CONSTRUCTION (LAUNCHED IN 2015)

PASADENA SUITES MONACO BAY HOLLAND VILLAGE BURBANK GLENDALE PARK ORANGE COUNTY, MANADO, MANADO, ORANGE COUNTY, ORANGE COUNTY, LIPPO CIKARANG NORTH SULAWESI NORTH SULAWESI LIPPO CIKARANG LIPPO CIKARANG

19 22

Mature Hospitals

SILOAM HOSPITALS LIPPO VILLAGE SILOAM HOSPITALS BALIKPAPAN TANGERANG (West of Jakarta) EAST KALIMANTAN 308 Bed Capacity JCIA 232 Bed Capacity 274 Operational Beds 165 Operational Bed 238 GP and Specialists 113 GP and Specialists 391 Nurses 162 Nurses Centre of Excellence : Cardiology, Neuroscience, Centre of Excellence : Orthopedics & Emergency Orthopedics & Emergency 79.61% Ownership

SILOAM HOSPITALS KEBON JERUK SILOAM HOSPITALS PURWAKARTA WEST JAKARTA WEST JAVA 285 Bed Capacity JCIA 202 Bed Capacity 215 Operational Beds 190 Operational Beds 208 GP and Specialists 56 GP and Specialists 326 Nurses 180 Nurses Centre of Excellence : Urology, Centre of Excellence : Emergency Orthopaedic, Cardiology & Emergency

SILOAM HOSPITALS SURABAYA EAST JAVA 162 Bed Capacity 160 Operational Beds 156 GP and Specialists 247 Nurses Centre of Excellence : Fertility Treatment, Cardiology & Emergency

20 23

Developing Hospitals

SILOAM HOSPITALS CIKARANG SILOAM GENERAL HOSPITAL (RSUS) BEKASI (East of Jakarta) TANGERANG (West of Jakarta) 114 Bed Capacity 640 Bed Capacity 108 Operational Beds 300 Operational Beds 93 GP and Specialists 52 GP and Specialists 162 Nurses 228 Nurses Centre of Excellence : Occupational Health & Centre of Excellence : Emergency Emergency

SILOAM HOSPITALS JAMBI SILOAM HOSPITALS MANADO EAST SUMATERA NORTH SULAWESI 100 Bed Capacity 238 Bed Capacity 90 Operational Beds 177 Operational Beds 66 GP and Specialists 108 GP and Specialists 125 Nurses 198 Nurses Centre of Excellence : Emergency Centre of Excellence : Emergency 83.0% Ownership

MRCCC SILOAM SEMANGGI SILOAM HOSPITALS MAKASSAR SOUTH JAKARTA SOUTH SULAWESI 334 Bed Capacity 362 Bed Capacity 155 Operational Beds 215 Operational Beds 173 GP and Specialists 123 GP and Specialists 293 Nurses 239 Nurses Centre of Excellence : Cancer, Liver & Emergency Centre of Excellence : Cardiology, Endocrinology & Emergency

21 24

Developing Hospitals

SILOAM HOSPITALS PALEMBANG SILOAM HOSPITALS MEDAN SOUTH SUMATERA NORTH SUMATERA 357 Bed Capacity 356 Bed Capacity 150 Operational Beds 75 Operational Beds 136 GP and Specialists 103 GP and Specialists 171 Nurses 82 Nurses Centre of Excellence : Gastroenterology & Centre of Excellence : Emergency & Trauma Emergency

SILOAM HOSPITALS CINERE SILOAM HOSPITALS TB SIMATUPANG DEPOK (South of Jakarta) SOUTH JAKARTA 50 Bed Capacity 269 Bed Capacity 37 Operational Beds 100 Operational Beds 18 GP and Specialists 155 GP and Specialists 43 Nurses 131 Nurses Centre of Excellence: Cardiology Centre of Excellence : Cardiology, Oncology, Neuroscience & Emergency

80.0% Ownership

SILOAM HOSPITALS KUPANG EAST NUSA TENGGARA 416 Bed Capacity 110 Operational Beds 56 GP and Specialists 151 Nurses Centre of Excellence : Emergency 22 25 Distinct Market Segment Hospitals

SILOAM HOSPITALS BALI BIMC KUTA BALI BALI 281 Bed Capacity 19 Bed Capacity 110 Operational Beds 18 Operational Beds 122 GP and Specialists 51 GP and Specialists 195 Nurses 64 Nurses Centre of Excellence : Treatment for tourists, Centre of Excellence : Treatment for tourists & Orthopedics, Cardiology & Emergency Emergency

SILOAM HOSPITALS ASRI BIMC NUSA DUA SOUTH JAKARTA BALI 40 Bed Capacity 39 Bed Capacity 40 Operational Beds 24 Operational Beds 100 GP and Specialists 57 GP and Specialists 79 Nurses 65 Nurses Centre of Excellence : Urology Centre of Excellence : Cosmetic Surgery & Emergency

23 26

New Hospitals

SILOAM HOSPITALS LABUAN BAJO SILOAM HOSPITALS SAMARINDA EAST NUSA TENGGARA EAST KALIMANTAN 124 Bed Capacity 34 Bed Capacity 60 Operational Beds 10 Operational Beds 20 GP and Specialists 34 GP and Specialists 64 Nurses 18 Nurses Centre of Excellence : Emergency Centre of Excellence : Emergency

SILOAM HOSPITALS BUTON SOUTHEAST SULAWESI 140 Bed Capacity 30 Operational Beds 32 GP and Specialists 69 Nurses Centre of Excellence : Emergency

24 27

Siloam Clinic

CYBER PARK KARAWACI

FAÇADE RECEPTION GP’s CONSULTATION ROOM

MERTANADI BALI

FAÇADE RECEPTION GP’s CONSULTATION ROOM

25 28

Completed Hospital in Yogyakarta

FAÇADE MAIN LOBBY

FRONT OFFICE OUT PATIENT DEPARTMENT 26 29

Completed Hospital in Bogor

FAÇADE MAIN LOBBY

EMERGENCY DEPARTMENT OUT PATIENT DEPARTMENT

27 30

Completed Hospital in Blu Plaza Bekasi

FAÇADE FRONT OFFICE

EMERGENCY OUT PATIENT DEPARTMENT

28 31

For Completion in 2017

BANJARMASIN BATU LIPPO MALL BEKASI GRAND MALL KALIMALANG

LIPPO KUNINGAN MANADO KAIRAGI NINE RESIDENCE PALANGKARAYA

Current

GUNUNG SAHARI PLUIT VILLAGE SEMARANG HOO SURABAYA CITO

29 32

For Completion in 2017

BANGKA BELITUNG JEMBER

Dec 2015Current Current

LUBUK LINGGAU SORONG

30 33

PROGRESS IN LICENSING

In order to be able to fully commission a new hospital, we have to go through a licensing process involving local governments and provincial health departments. This process involves more than 40 licenses and can be summarized into 6 most critical licenses.

Hospital Certificate of Environmental License Building Permit Nuisance Operational Building Permit Proper Building (AMDAL) (IMB) Permit (HO) License (IO) (IMRS) Function (SLF)

Status of Major Projects for 2016 & 2017

Hospital AMDAL IMB HO IMRS SLF IO Yogyakarta Bekasi Blu Plaza FAÇADE Bogor Bangka Lubuk Linggau Jember Sorong Semarang Hoo Bekasi Grand Mall Banjarmasin Gunung Sahari 31 As per 30 Sept 2016 DOMINANT POSITION IN RETAIL DEVELOPMENT & PROPERTY MANAGEMENT MANAGES 44 MALLS THROUGHOUT INDONESIA . 3.2 million sqm GFA . As of September 30, 2016 : Overall average occupancy 89% and 95% in LMIRT properties

NEW MALLS IN THE PIPELINE:

LIPPO MALL PURI PX PAVILLION

LIPPO PLAZA LUBUK LINGGAU

LIPPO PLAZA JAMBI LIPPO PLAZA PANGRANGO

32 MANAGES 9 HOTELS THROUGHOUT INDONESIA . As of September 30, 2016 : Overall average occupancy 67%

HOTEL ARYADUTA HOTEL ARYADUTA HOTEL ARYADUTA HOTEL ARYADUTA HOTEL ARYADUTA LIPPO VILAGE (192 rooms) JAKARTA (302 rooms) MEDAN (197 rooms) PEKANBARU (158 rooms) MANADO (200 rooms)

HOTELS UNDER ARYADUTA MANAGEMENT :

HOTEL ARYADUTA HOTEL ARYADUTA HOTEL ARYADUTA HOTEL ARYADUTA SEMANGGI (274 rooms) MAKASSAR (224 rooms) PALEMBANG (169 rooms) BANDUNG (254 rooms) 33 ASSET MANAGEMENT

UNIQUE FOR AN INDONESIAN PROPERTY COMPANY

100% 100% 100% 100%

BOWSPRIT LMIR TRUST PT LIPPO MALLS PT ARYADUTA CAPITAL MANAGEMENT INDONESIA INTERNATIONAL CORPORATION 33.12% LTD 29.33% MANAGEMENT LTD

MALL HOTEL REIT MANAGER Code : FIRT REIT MANAGER Code : LMRT MANAGEMENT OPERATOR SERVICES

Management Fee Management Fee Management Fee Fees -Base fee : -Base fee : - 2% p.a. of the gross Fees consists of: 0.4% p.a. of the value of the Deposited Property. 0.25% p.a. of the value of the Deposited revenue of the retail malls. -Performance fee : Property. - 2% p.a. of the Net -- Management Fee : 5.0% p.a. of the Net Property Income. -Performance fee : Property Income of the 2% of total Revenue 4.0% p.a. of the Net Property Income. retail malls. -Investment & Divestment fee. -- Incentive Fee: -Investment & Divestment fee. - 0.5% p.a. of the retail 1.5% of GOP malls in lieu of leasing commission.

As of 30 September 2016 IN SINGAPORE IN INDONESIA

34 Managed by Bowsprit Capital Corporation Limited, First REIT’s portfolio consists of 17 properties located in Indonesia, Singapore and South Korea . Manages 12 Siloam Hospitals and 2 Aryaduta Hotels in Indonesia . As of September 30, 2016 : Annualised DPU : SGD 8.47 cents

Share Price (SGD) Portfolio Size (SGD mn) Dividend Yield (%) 1,600 1.400 7,2 1.268 1.260 7,1 1,355 1,400 1.200 1.172 1,255 7,0 1,200 1.052 6,9 1,200 6,8 1.000 1,060 1,060 6,8 1,000 797 800 6,6 0,800 6,4 600 6,4 0,600 6,3

400 6,2 0,400

0,200 200 6,0

- - 5,8 2012 2013 2014 2015 9M 2016 2012 2013 2014 2015 9M 2016 2012 2013 2014 2015 9M 2016

35 MANAGES 19 RETAIL MALLS AND 7 RETAIL SPACES . As of September 30, 2016 : Annualised DPU: SGD 2.54 cents

Share Price (SGD) Dividend Yield (%) 0,6 Portfolio Size (SGD mn) 12,0 2.000 1.841 1.830 1.867 0,49 1.800 1.753 0,5 10,0 9,7 1.600 8,9 0,42 1.412 8,1 7,83 0,4 0,375 1.400 8,0 0,34 0,32 1.200 6,0 0,3 6,0 1.000

800 0,2 4,0 600

400 0,1 2,0 200

0 - 0,0 2012 2013 2014 2015 9M 2016 2012 2013 2014 2015 9M 2016 2012 2013 2014 2015 9M 2016

36 FINANCIAL PERFORMANCE BALANCE SHEET

AS OF 31 DECEMBER (Unless otherwise stated)

30 Sept Rp Trillion 2015 2014 2013 2012 2016 TOTAL ASSET 44.822 41.327 37.773 31.303 24.869 TOTAL LIABILITIES 23.050 22.410 20.152 17.142 13.399 TOTAL EQUITY 18.718 16.394 15.588 12.784 10.656

TOTAL DEBT 12.637 12.365 9.997 7.808 6.014 CASH AND CASH EQUIVALENTS 2.055 1.839 3.529 1.855 3.337

D/E RATIO (X)* 0.7 0.8 0.6 0.6 0.6 NET GEARING RATIO (X)* 0.6 0.6 0.4 0.5 0.3

Source : Company as of 9M’2016 38 DEBT MATURITY PROFILE

USD million Coupon rate Coupon rate 7% pa 6.75% pa Debt Profile 450 ** ** * 10% 400 7% 350 * 300 83% 130.0 250 425 USD Bank Loans 200 403 410 IDR Bank Loans 250 USD Bonds 150 273.3

* Redemption of 2019 notes and 100 76.3 issuance of 2022 notes per Aug 2016 50 5.5 24 17.9 ** Redemption of 2022 notes and 51.5 issuance of 2026 notes per Oct 2016 0 2016 2017 2019 2020 2022 2023 2026 BPD Kalimantan Timur : Rp 19.1 bn (USD 1.5mn) ICBC : Rp 70 bn (USD 5.4mn) UBS-DB : Rp 650 bn (USD 50mn) Bonds BCA : Rp 1.6 bn (USD 0.1mn)

BCA : Rp 2.7 bn (USD 0.2mn) CIMB Niaga : Rp 312.3 bn (USD 24mn) BNI : Rp 270 bn (USD20.7mn) Mandiri : Rp 70 bn (USD 5.4mn) J Trust : Rp 232.9 bn (USD 17.9 mn) UBS-DB: Rp 650bn (USD50 mn) 39 Source: Bonds as of October 2016 ATTRACTIVE ASSET VALUE

Ownership (%) Land Area (ha) Assets Value (Rp bn) URBAN DEVELOPMENT: Lippo Village 100 405 27.651 Lippo Cikarang 54,4 626 15.145 Tanjung Bunga 59,8 191 2.555 San Diego Hills 100 94 2.415 Micro Suburbs 100 20 324 SUB TOTAL1) 48.091 LARGE SCALE INTEGRATED DEVELOPMENT: City of Tomorrow (retail, apart, inv & hotel) 85 5 735 Kemang Village 92 8 2.132 St Moritz 100 11 7.038 11 New Projects 39 5.117 Others (land, retail space inv & other devt) 100 2.492 SUB TOTAL1) 17.513 RETAIL MALLS: 3 Malls 100 1.887 1 Appraised value as of Retail Space Inventory 100 714 31 Dec 2015 by: 2) - Rengganis Hamid & Partner (in SUB TOTAL 2.601 stategic alliance with CB Richard HOTELS: Ellis) & - Ihot, Dollar & Raymond (an 2 Hotels FREIT 682 independent member of Baker Tilly Hotels 100 1.675 International) 2 Business Value : 2) SUB TOTAL 2.357 - Malls - 14.10% WACC - Hotels - 13.98% WACC REIT Units3) 6.224 HOSPITALS3) 61,8 7.359 3 Market Cap as of 30 Sep 2016 ESTIMATED TOTAL ASSET VALUE 84.145 4 Financial Statement as of 30 Sep 2016 4) Add: Cash 2.055 5 NAV/share (30 Sep 2016) = Rp 2,981 Less: Debt4) 12.637 Less: Advances from Customers4) 4.776 5) ESTIMATED NAV 68.787 40 PROPERTY MARKETING SALES

(in Rp bn) FY 2014 9M 2015 FY 2015 9M 2016 Budget 2016 (R)

Residential 3.723 2.446 3.039 556 2.915 Low Rise 1.046 993 1.129 488 1.033 High Rise 2.677 1.453 1.910 68 1.882

Commercial 550 80 127 12 50

Industrial 734 276 279 68 276

Unique Product SDH 173 138 178 118 213

Retail Space Inventory 5 - - - -

Total Property Sales 5.185 2.940 3.623 753 3.454

Assets sold to REITS 3.330 - - - 1.714

Total Marketing Sales 8.515 2.940 3.623 753 5.168

41 APPENDICES

REGIONAL PRESENCE IN CHINA, HONG KONG, An Indonesian Business Leader SINGAPORE, PHILIPPINES, KOREA, MACAU Growing in Stewardship – Impacting Lives

INDONESIA

RETAIL EDUCATION

PROPERTY PT Matahari Putra Prima Tbk (MPPA.IJ) PT Matahari Dept. Store Tbk (LPPF.IJ) Yayasan Pelita Harapan PT. Solusi Ecommerce Global PT Lippo Karawaci Tbk (LPKR.IJ) (Mataharimall.com) MEDIA

HOSPITALS PT First Media Tbk (KBLV.IJ) PT Berita Satu Media Holdings PT Siloam International Hospitals Tbk (SILO.IJ) TECHNOLOGY

PT Multipolar Technology Tbk (MLPT.IJ) PT Link Net Tbk (LINK.IJ)

FINANCIAL SERVICES

PT Lippo General Insurance Tbk (LPGI.IJ) PT Bank National Nobu Tbk (NOBU.IJ) 43 INDONESIA: ATTRACTIVE GROWING MARKET

Economic Indicators

2016 2017 2015 Assumption Assumption

Economic Growth (%) 4.8 5.2 5.1

Inflation Rate (%) 3.35 4.0 4.0

Exchange Rate (Rp/USD) 13,795 13,200 13,300

7 Day RR (%) 7.5 5.25 5.3

Oil Price (USD/bbl) 50 40 45

Oil Lifting (k bbl/day) 779 820 815 Source : Bank of Indonesia, Statistics Indonesia, World Bank

Indonesia : Stable as TOP 5 destinations 2014-2106

Source : Indonesia Investment Coordinating Board, BCG, UNCTAD 44 INDONESIA PROPERTY SECTOR HAS ROOM TO GROW

ASIA PACIFIC PROPERTY . Rapid urbanisation . Growing middle–class Price (USD/SQM) . Strong savings and income growth Hongkong 22.814 . Low mortgage penetration Singapore 15.251 . Property as investment India 11.455 . Improving regulatory environment Japan 10.784 . Banking innovation Taiwan 7.112 . Property prices cheapest in the region Thailand 3.952 . Highest yields in the region Phillipines 3.156 Cambodia 2.913 Indonesia 2.766 Rental Yield (%) Malaysia 2.616

Phillipines 7,51 Price per SQM/ GDP per Capita Indonesia 7,05 India 758,61 Cambodia 5,33 Cambodia 283,37 Thailand 5,13 Phillipines 113,08 Japan 5,02 Indonesia 78,8 Malaysia 4,57 Thailand 69,63 Singapore 2,83 Hongkong 60,11 Hongkong 2,82 Taiwan 33,99 India 2,22 Japan 28,03 Taiwan 1,57 Singapore 27,64 Malaysia 25,02 Source: Global Property Guide 45 PROPERTY FOREIGN OWNERSHIP

LAND TITLES AVAILABLE : 1. Freehold : may be held by Indonesian citizens only (not even by fully Indonesian- owned companies). 2. Right to Build (renewable leasehold) : may be held by Indonesian citizens and any company established in Indonesia for an initial 30 years. 3. Right to Use (renewable leasehold) : may be held by Indonesian citizens, any company and foreigner residence in Indonesia for an initial 30 years, extendable for another 20 years and renewable for another 30 years OPTIONS FOR FOREIGN OWNERSHIP : 1. Foreign residence in Indonesia can purchase property in own name under Right to Use title under Government Regulation no 103/2015 dated on 22 December 2015 and further reinforced by The Ministry of Agricultural and Spatial Planning /National Land Agency Regulation no 29/2016 dated on 19 Sept 2016 for certain minimum property value, which in Jakarta Province, a minimum Rp 10 bn for landed house and Rp 3 bn for condominium and subsequently much lower value for other areas. 2. Establish a company with approval for full or part foreign ownership (PMA company) to own the property. 3. Through Indonesian nominees, establish a locally owned company. 4. Use an Indonesian professional third party corporate nominee. 5. Private unregistered lease. 6. Establish a person to person arrangement with an Indonesian private individual who will personally own the property. 46 NEW BI REGULATION

New LTV Regulation takes effect in Aug 2016: Property Type First Mortage Second Mortgage Third Mortgage Old New Old New Old New Landed House Land > 70 sqm 80% 85% 70% 80% 60% 75% Land 22-70 sqm - - 80% 85% 70% 80% Apartment Area > 70 sqm 80% 85% 70% 80% 60% 75% Area 22-70 sqm 90% 90% 80% 85% 70% 80% Area < 21 sqm - - 80% 85% 70% 80% Shophouse - - 80% 85% 70% 80% Mortgage disbursement scheme for unbuilt properties: (applies to 1st and 2nd mortgage) Stages of disbursement Old New Signing of Mortgage 0% 0% Completion of Foundation 50% 40% Topping Off 30% 40% Hand-over 10% 10% Change of Title 10% 10% 47 OVERVIEW OF JAKARTA’S CONDOMINIUM MARKET

Source : Q3’2016 Market Review for Jakarta Jones Lang LaSalle Research 48 OVERVIEW OF JAKARTA’S RETAIL MARKET

Source : Q3’2016 Market Review for Jakarta Jones Lang LaSalle Research 49 OVERVIEW OF JAKARTA’S OFFICE MARKET - CBD AREA

Source : Q3’ 2016 Market Review for Jakarta Jones Lang LaSalle Research 50 OVERVIEW OF JAKARTA’S OFFICE MARKET – non CBD AREA

Source : Q3 ‘2016 Market Review for Jakarta 51 Jones Lang LaSalle Research Indonesia - Severely Underserved Healthcare Market Beds and Doctors

Beds Doctors /1,000 OECD Average = 4.93 /1,000 OECD Average = 3.14 population population 3,50 238,373 beds 3,00 (1) 70,655 doctors 2,79 v. Global: Shortage of 229,491 beds (1) (1) v. Global: Shortage of 267,000 doctors v. OECD: Shortage of 977,189 beds (1) 2,95 v. OECD: Shortage of 718,086 doctors 3,00 2,84 2,84 Global Average = 3.0 2,50 2,31

2,50 2,00 2,16 1,77 2,01 2,00

Global Average = 1.4 1,48 1,63 1,50 and 1,26 Lack of 1,50 Qualified Beds… Doctors… 1,02 1,00 0,97 1,00 0,74

0,50 0,50 0,30 0,31

0,00 (2) 0,00 (2) Indo India MY TH SG UK US China TH Indo India MY China SG US UK

• Indonesia’s bed to population ratio way below • Doctor to population ratio also way below global global average average • Ample opportunity for private healthcare • Ability to attract and retain doctors and specialists operators to fill the supply gap is a critical success factor for hospitals

52 INDONESIA HEALTHCARE LANDSCAPE

Population Growth Primary Care Accessibility

Now = 240 Million 2040 = 360 Million Now = 8,300 2040 = 12,000

Universal Coverage Health Spend

USD 20 Bn USD 640 Bn 58% 100% Coverage Coverage

Now= 140 Million 2017 = 264 Million Now = 2.5% of GDP (USD 800 Bn) 2040 = 8% of GDP (USD 8Tr)

Changing Disease Pattern Morbidity Per Capita Spend

35% 55% 1st 10 Years Succeeding 20 Years 45% 65% USD 82 60% 40% USD 1,780

Now Infection Life-Style 2017 Now 2040

53 MARKET DRIVERS & RESTRAINTS IN INDONESIA’S HEALTHCARE SECTOR

MARKET DRIVERS

A large Longer life population expectancy The Universal base with a and a epidemiological health booming population transition has insurance 2015 economy, pyramid presented coverage would give more emerging increasing Indonesia’s 2010 middle class towards the healthcare sector people access and rising older with a double to healthcare affluent population burden services

Shortage of Quality of Lost of healthcare healthcare domestic professionals professional spending in education Indonesia due to high level of 2015 outbound medical tourism 2010

©2012 KPMG Services Pte. Ltd (Registration No. 200003956 G), a Singapore incorporated company & a member firm of the KPMG network of indpendent member firms affiliated with KPMG international MARKET RESTRAINTS cooperative (“KPMG International”), a Swiss entity. All rights reserved.

54 HOSPITALS IN INDONESIA

No OWNER 31 Dec 10 31 Dec 11 31 Dec 12 31 Dec 13 31 Dec 14 31 Dec 15 30 Sep 16

1 MOH 31 32 32 33 34 36 33 2 PROVINCE 85 85 89 96 98 113 119 GOVERNMENT 3 MUNICIPAL 63 86 88 92 93 98 97 GOVERNMENT 4 DISTRICT GOVERNMENT 403 411 444 455 463 469 477 5 ARMY / POLICE 131 134 155 159 170 170 167 6 OTHER MINISTRIES / 79 80 79 79 79 79 75 PUBLIC COMPANIES 7 PRIVATE 840 893 1,179 1,314 1,472 1,525 1,612 TOTAL 1,632 1,721 2,066 2,228 2,409 2,490 2,580

Source : Ministry of Health

55 COMPARISON HEALTH STATISTICS

Indonesia Vietnam Malaysia Singapore South Korea India China Australia USA UK Hospital beds per 10,000 pops 9 20 19 20 103 7 38 39 29 29 Physician per10,000 pops 2 12 12 20 21 7 15 33 25 28 Health Profesionals per 10,000 pops 16 24 45 77 72 24 32 139 123 116 Life expectancy at birth (years) 69 76 75 83 82 68 76 83 79 81 IMR per 1,000 live birth 14 11 4 1 2 28 6 2 4 2 MMR per 100,000 live birth 126 54 40 10 11 174 27 6 14 9 % Government Expenditure 39 42 55 40 53 32 56 67 47 84 % Private Expenditure 61 58 45 60 47 68 44 33 53 16 Healthcare Spend as % of GDP 3 6 4 5 7 4 6 9 17 9 Per capita total expenditure on healthcare (USD) 293 308 938 3.578 2.398 215 646 4.191 9.146 3.311

Physicians per 10,000 pops Total Healthcare Spending as % of GDP Australia 32,7 USA 17,1 UK 28,1 Australia 9,4 USA 24,5 UK 9,1 South Korea 21,4 South Korea 7,2 Singapore 19,5 Vietnam 6,0 China 14,9 China 5,6 Malaysia 12,0 Singapore 4,6 Vietnam 11,9 Malaysia 4,0 India 7,0 India 4,0 Indonesia 2,0 Indonesia 3,1

Source : World Bank, WHO 2016 56 LIPPO KARAWACI’S MILESTONES

May December March Corporate Actions October April November Non Pre- 3rd Rights Issue LPKR placed 82.5 mn August emptive Rights USD150 mn bonds of 4.32 bn new USD 100 mn bonds SILO shares or 7.1% of LMIRT was listed Issuance issuance, at the rate of shares at issuance, at the rate total shares outstanding Stock Split in SGX, sponsored of 1.45 bn new 7% p.a. offered at par Rp 550/share, of 7% p.a. offered for total proceed of 1 for 2 by the Company shares at February at 105.25%, due Rp 858bn due 2022 May Rp 660/share, 2019 st March 1 Rights Issue November June of 607.8 mn USD 270 mn March May USD 250 mn February shares at Total 1,055 mn bonds issuance, bonds issuance, USD 150 mn LPKR placed 92.8 mn Initial Public Rp 500/share, warrants are fully at the rate of USD 125 mn at the rate of bonds issuance, SILO shares or 8% of total Offering of issued & listed exercised, 9% p.a. bonds issuance, 8.875% p.a. at the rate of 7% shares outstanding for total 30.8 mn on the JSX & generating total Issue price at the rate of 9% issue price 100%, p.a. offered at proceed of shares SSX cash of Rp 923 bn 100%, p.a. offered at due 2011 due 2015 108%, due 2015 99.32%, due 2019 Rp 1.14 trillion

1996 1998 2005 2006 2007 2010 2011 2012 2013 2014 2015 2016

January August December November October January December USD 130 mn bonds USD260 mn 2nd Rights Issue Stock Split 1 USD273.3 mn USD425 mn The listing of issuance, at bonds issuance, for 2.5 Debt Exchange bonds issuance, of 881.9 mn First REIT on the rate of at the rate of at the rate of 7% at the rate of new shares at the SGX, 6.125% p.a. 6.125% p.a. p.a. offered at 6.75% p.a. due Rp 1,050/share offering 271.4 offered at due 2020 103.75%due 2026, to redeem mn units at 104.4%, due 2022, to redeem 2020 bonds price of 2020 2019 bonds SGD 0.71/unit September August SILO successfully Rp 2.2 tn equity deal listed in IDX at of which CVC invested Rp 9000/share, 15% stake in SILO valuing Siloam and participated in at USD 1 billion SILO right issue 57 LIPPO KARAWACI’S MILESTONES

Corporate Developments July August January October May Launched January Launched Launched July Opened Px Pavilion at Launched St Moritz Holland Village Kemang Village, Holland Village St Moritz, as part of Panakukang, an integrated Second Phase Started a large scale Office Tower in Merger of 8 integrated development development in the city 190 condo Lippo integrated dev’t. Central Jakarta property- in West Jakarta center of Makassar Units in Village in South Jakarta June related Central Jakarta October Township companies, January January March August Started in October Launched November November Established Tanjung Property, Launched The Company formalised its 6 Launched Hillcrest House Launched Launched Irvine under the Bunga Healthcare & San Diego BU : Urban Devt, Large Scale Started Embarcedero, an and Faiview Embarcadero Suites as part of name Township Hospitality Hills Integrated, Healthcare, Retail Lippo integrated Tower as part Eastern Wing, Orange County, PT Tunggal business Memorial Malls, Hospitality & Infras, and Cikarang development in of Millenium 156 condo units a new CBD in Reksakencana Park Property & Portfolio Mgmt. Township Bintaro, South Jakarta Village (new in South Jakarta Lippo Cikarang CBD in LV)

1990 1993 1997 2004 2007 2009 2014

2002 2005 2008 2012 2013 2015

March December September August August May June September Launched Launched rd Launched Holland Launched Launched The Launched Holland Village, Pasadena 3 Launched Village Manado Glendale Launched St.Moritz, a large Nine a large scale tower in Orange City of the landed house Park, fifth its first retail scale integrated Residence , integrated County, Tomorrow development in tower in strata-titled development in a large scale development in a new CBD in (CITO), its Manado, North Orange project, and West Jakarta integrated Central Jakarta Lippo Cikarang first large Sulawesi County followed by scale development 7 others integrated in North May October development December Kemang Launched Monaco June Launched Lippo in Surabaya Opening of Jakarta Bay the first Sold Burbank, Thamrin, an Pejaten integrated 4th tower in Office Tower in Village, its first development in Orange County CBD Jakarta leased mall, in Manado, North to single South Jakarta Sulawesi Japanese 58 investor LATEST AWARDS

Lippo Cikarang received Lippo Karawaci received Lippo Karawaci received Lippo Ckarang received Lippo Karawaci received Lippo Karawaci received Trifecta Award 2016 Property Indonesia Two Indonesia Property Award for Top 40 Public Top 50 Public Listed Companies for winning three Top 50 Best of the Best Listed Companies selected by Award 2016 Indonesian Company Award 2016 for implementing Good years in a row for the category for St Moritz Makassar Analysts in 2016 Corporate Governance (from Forbes Magazine) Award 2016 (from Association of The Biggest Revenue (from Forbes Magazine) and Embarcadero Park (from Indonesian Institute for in Property Industry (from Hans Grohe and Indonesian Securities Analyst Corporate Directorship) (from Properti Properti Guru Group) and CSA Institute) Indonesia Magazine)

Lippo Cikarang received Lippo Karawaci received two Property Indonesia Lippo Cikarang received awards: Indonesia in Growth Award 2016 two Nusantara CSR Lippo Cikarang received Lippo Karawaci received Lippo Karawaci received Property Development and for the category Award 2016 from the La Indonesia Green Awards Highly Commended Company of The Year for Property Developer for the The Well Integrated Tofi School of CSR under 2016 from the La Tofi 2016 Asia Pacific Property Award Leadership Property Year 2015 Industrial Estate the programs free School of CSR in the For Kemang Village, Embarcadero, Development in Indonesia (from Frost & Sullivan) (from Properti medical healthcare and category of Water Bloomington at Kemang Village 2016 (from IAIR Real Estate Indonesia Magazine) mini nursery and planted Retention and Monaco Bay Magazine) 1000 trees (from Intl Property Media Ltd) 59 SHARE PRICE PERFORMANCE

Closing Price (Rp) Volume (Shares) 1.800 1.000.000.000 1.700 1.600 900.000.000 1.500 1.400 800.000.000 1.300 700.000.000 1.200 1.100 600.000.000 1.000 900 500.000.000 800 700 400.000.000 600 500 300.000.000 400 200.000.000 300 200 100.000.000 100 - - Jan- Jun- Jan- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- 06 06 07 07 07 08 08 09 09 10 10 11 11 12 12 13 13 14 14 15 15 16

(LPKR.JK ; LPKR IJ)

Average Daily Trading Value Oct’15 – Sep’16 (in USD) Market Cap as of 30 Sep 2016 8.000.000 in Comparison with Peers 7.000.000 (in USDmn) 6.000.000 3.258 5.000.000 2.501 4.000.000 1.758 1.948 1.887 3.000.000 2.000.000 698 1.000.000 454 - Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Lippo Bumi Serpong Pakuwon Jati Summarecon Ciputra Alam Sutra Agung 15 15 15 16 16 16 16 16 16 16 16 16 Karawaci Damai Agung Development Podomoro

Source : Indonesia Stock Exchange 60 TOP 25 LISTED COMPANIES BY TRADING VALUE

INDONESIA STOCK EXCHANGE IDX QUARTERLY STATISTICS, 3rd QUARTER 2016 (Cumulative Data) 20

25 Most Active Stocks by Trading Value

Total Trading Trading No. Listed Stocks Volume Value (Rp) % Freq. (X) Days 1, Telekomunikasi Indonesia (Persero) Tbk. [S] 23.837.805.937 88.750.692.360.338 7,49 1.284.625 183 2, Tbk. [S] 9.663.858.095 68.702.311.229.677 5,80 860.739 183 3, Bank Rakyat Indonesia (Persero) Tbk. 5.948.832.535 66.088.937.030.434 5,58 962.369 183 4, Bank Central Asia Tbk. 4.656.534.781 64.265.610.599.074 5,42 750.215 183 5, Bank Mandiri (Persero) Tbk. 6.186.292.010 62.092.226.382.997 5,24 818.321 183 6, Bank Negara Indonesia (Persero) Tbk. 6.578.740.831 33.799.366.432.862 2,85 752.202 183 7, Hanson International Tbk. 75.958.083.101 30.528.277.621.892 2,58 369.712 183 8, Perusahaan Gas Negara (Persero) Tbk. [S] 10.592.023.001 29.151.631.053.183 2,46 913.935 183 9, Matahari Department Store Tbk. [S] 1.510.623.403 27.776.620.926.266 2,34 688.238 183 10, Gudang Garam Tbk. 327.256.168 21.360.140.781.110 1,80 572.715 183 11, Saw it Sumbermas Sarana Tbk. [S] 11.060.054.163 20.195.196.656.049 1,70 746.636 183 12, Semen Indonesia (Persero) Tbk. [S] 1.999.657.174 20.184.658.426.203 1,70 588.293 183 13, Unilever Indonesia Tbk. [S] 451.067.602 19.382.975.745.697 1,64 539.988 183 14, Waskita Karya (Persero) Tbk. [S] 7.989.203.572 18.739.373.284.567 1,58 632.916 183 15, HM Sampoerna Tbk. 1.932.183.568 18.614.154.647.170 1,57 477.147 183 16, Indofood Sukses Makmur Tbk. [S] 2.325.834.080 17.239.911.896.472 1,45 467.846 183 17, Indocement Tunggal Prakarsa Tbk. [S] 912.465.928 16.023.968.462.632 1,35 405.206 183 18, Aneka Tambang (Persero) Tbk. [S] 26.279.480.909 15.834.709.577.118 1,34 666.136 183 19, United Tractors Tbk. [S] 975.647.752 15.713.260.966.455 1,33 589.054 183 20, Tbk. [S] 8.071.322.057 15.561.256.298.227 1,31 484.332 183 21, Kalbe Farma Tbk. [S] 10.141.993.149 14.673.488.231.497 1,24 749.470 183 22, Lippo Karawaci Tbk. [S] 13.634.864.540 14.262.087.596.223 1,20 665.907 183 23, Adhi Karya (Persero) Tbk. [S] 4.740.318.600 12.477.969.532.643 1,05 461.312 183 24, PP Properti Tbk. [S] 24.402.191.671 11.086.067.073.432 0,94 496.339 183 25, Sugih Energy Tbk. 33.283.917.560 10.687.495.688.791 0,90 93.645 183 Source : IDX 61 INVESTOR RELATIONS

Mark Wong (Executive Director) email :[email protected]

Address : Menara Matahari, 22nd Floor 7 Boulevard Palem Raya Lippo Village Tangerang 15811 Banten – Indonesia telp.+62 21 25669000 fax. +62 21 25669098 website : www.lippokarawaci.co.id

62 DISCLAIMER

This presentation has been prepared by PT Lippo Karawaci Tbk (“LPKR”) and is circulated for the purpose of general information only. It is not intended for any specific person or purpose and does not constitute a recommendation regarding the securities of LPKR. No warranty (expressed or implied) is made to the accuracy or completeness of the information. All opinions and estimations included in this report constitute our judgment as of this date and are subject to change without prior notice. LPKR disclaims any responsibility or liability whatsoever arising which may be brought against or suffered by any person as a result of reliance upon the whole or any part of the contents of this presentation and neither LPKR nor any of its affiliated companies and their respective employees and agents accepts liability for any errors, omissions, negligent or otherwise, in this presentation and any inaccuracy herein or omission here from which might otherwise arise.

Forward-Looking Statements The information communicated in this presentation contains certain statements that are or may be forward looking. These statements typically contain words such as "will", "expects" and "anticipates" and words of similar import. By their nature, forward looking statements involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described in this presentation. Factors that could cause actual results to differ include, but are not limited to, economic, social and political conditions in Indonesia; the state of the property industry in Indonesia; prevailing market conditions; increases in regulatory burdens in Indonesia, including environmental regulations and compliance costs; fluctuations in foreign currency exchange rates; interest rate trends, cost of capital and capital availability; the anticipated demand and selling prices for LPKR’s developments and related capital expenditures and investments; the cost of construction; availability of real estate property; competition from other companies and venues; shifts in customer demands; changes in operation expenses, including employee wages, benefits and training, governmental and public policy changes; LPKR’s ability to be and remain competitive; LPKR’s financial condition, business strategy as well as the plans and objectives of LPKR’s management for future operations; generation of future receivables; and environmental compliance and remediation. Should one or more of these uncertainties or risks, among others, materialize, actual results may vary materially from those estimated, anticipated or projected. Specifically, but without limitation, capital costs could increase, projects could be delayed and anticipated improvements in production, capacity or performance might not be fully realized. Although LPKR believes that the expectations of its management as reflected by such forward-looking statements are reasonable based on information currently available to us, no assurances can be given that such expectations will prove to have been correct. You should not unduly rely on such statements. In any event, these statements speak only as of the date hereof, and LPKR undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise.