Right Place, Right Time, Right Company

PT Lippo Karawaci Tbk 9M 2018 ’s Largest and Most Integrated Property Group Leaders in Integrated Developments, Hospitals, Retail Malls, Hotels and Asset Management 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. 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 - 28

FINANCIAL PERFORMANCE 29 - 33

MEIKARTA 34 - 40

APPENDICES 41 - 61 CORPORATE STRUCTURE

OTHER MAJORITY SHAREHOLDERS LIPPO RELATED COMPANIES > 5% PUBLIC < 5%

58.89% 8.84%. 32.27 %

As of 30 SEP 2018 No of Floating Shares : 22,771,585,119 Code : LPKR.JK ; LPKR IJ

51,05% 54,37% 62,69% 100%

PT SILOAM INTERNATIONAL PT LIPPO 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 as per 9M 2018: USD 575 million and USD 3.5 billion, respectively.

Fast growing Indonesian real estate group market cap has grown to USD 532 million1 since the merger of eight property related companies in 2004. Market leaders in mixed use integrated developments, 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 , CCC+ by Fitch3, B3- by Moody’s 4)

Included in major Indonesia Stock Exchange Indices: LQ45, Kompas-100, JII, ISSI, IDX SMC Composite, IDX SMC Liquid and JII70

Strong International Partners and Shareholders.

Multi Award winning Developer.

1As of Sep 30, 2018 2Rerated on April 24, 2018 3Rerated on November 2, 2018 4 Rerated on October 17, 2018 02 LPKR FOUR BUSINESS DIVISIONS

DEVELOPMENT REVENUE RECURRING REVENUE

RESIDENTIAL AND ASSET URBAN DEVELOPMENT HOSPITALS COMMERCIAL MANAGEMENT

Development rights: 34 hospitals in 25 cities Malls: Manages 2 public listed with more than 6,800 REITs in SGX : 8,087 ha Own and/or manage beds capacity under the 49 malls First REIT & LMIRT Siloam Hospitals (GFA of 3.4 million sqm) Land already network. acquired: 20 malls in the pipeline Assets Under 5,011 ha 16 hospitals in the Management pipeline Hotels: FIRT : SGD 1,35 billion Landbank Inventory: Own and/or manage LMRT : SGD 1,92 billion 1,326 ha National and 10 hotels with 2,148 Lippo Village : 28% International (JCI) rooms accreditation Town Management Lippo Cikarang : 35% Tanjung Bunga: 22% San Diego Hills : 7%

03 REVENUE & EBITDA CONTRIBUTION

REVENUE EBITDA 9M’18: Rp 8.585 Trillion 9M’18: Rp 2.178 Trillion

33% 51% 25%

48%

9% 13% 7% 14%

Residential & Urban Development Commercial Hospitals Asset Management

Source : Company as of 9M’18 04 INCOME STATEMENTS: 9M’2018 AND 9M’2017

REVENUE 9M’18: RP 8.585 TRILLION EBITDA 9M’18: RP 2.178 TRILLION REVENUE 9M’17: RP 7.434 TRILLION EBITDA 9M’17: RP 1.707 TRILLION Rp bn Rp bn 1.200 5.000 4.396 1.046 4.500 1.000 3.900 4.000

3.500 800 2.804 714 3.000 2.277 600 548 2.500 508 2.000 400 1.500 279 276 305 209 1.000 809 707 576 550 200 500 - - - Residential & - Healthcare - Commercial - Asset - Residential & - Healthcare - Commercial - Asset Urban Management Urban Management Development Development

Source : Company as of 9M’2018 NPAT 9M’18: RP 470 BILLION NPAT 9M’17: RP 625 BILLION 05 MOST DIVERSIFIED LANDBANK AND PROJECTS

INDONESIA

Grand Palladium Sun Plaza Plaza Medan Fair Aryaduta Hotel Manado Lippo Plaza 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 Siloam Hospitals Balikpapan Bangka Belitung KALIMANTAN SULAWESI MALUKU Siloam Hospitals Jambi PAPUA Lippo Plaza Jambi St Moritz Panakukang Lippo Plaza Kendari Palembang Square Lippo Plaza Lubuk Linggau Lippo Plaza Buton PSx Mall Siloam Hospitals Lubuk Linggau Siloam Hospitals Buton Siloam Hospitals Palembang Projects in Greater Tanjung Bunga Township Aryaduta Hotel Palembang Siloam in Greater Jakarta (12) Siloam Hospitals Makassar Palembang Icon Mall Malang Town Square GTC Makassar Indah Plaza JAVA Lippo Plaza Batu Hotel Aryaduta Makkassar Istana Plaza Siloam Hospitals Mataram Aryaduta Hotel Bandung Siloam Hospitals Siloam Hospitals Purwakarta Siloam Hospitals Labuan Bajo Lippo Plaza Kupang Lippo Plaza Yogya Lippo Plaza Jember Siloam Hospitals Yogya Siloam Hospitals Jember Siloam Hospitals Kupang Siloam Hospitals Nusa Dua, Kuta, Sunset (Bali) Residential & Urban Development Lippo Plaza Sunset Hospitals Siloam Hospitals Semarang Lippo Mall Kuta Retail Malls Kediri Town Square Hotels City of Tomorrow, Siloam Hospitals Surabaya Lippo Plaza Sidoarjo 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 Grand Mall Blu Plaza Bekasi Benton Junction Embarcadero Bintaro The Plaza Semanggi Millenium Village (LV new CBD) Siloam Hospitals Sentosa Bekasi Siloam Hospitals Hosana Medica Bekasi Siloam Hospitals Lippo Village Siloam Hospitals Bekasi Timur The Nine Residence Siloam General Hospitals Lippo Mall Kemang Aryaduta Hotel & Country Club WTC Matahari Lippo Plaza Mampang San Diego Hills Memorial Park Maxxbox Lippo Village Royal Serpong Village Kramat Jati Indah Plaza Lippo Cikarang Township Siloam Hospitals TB Simatupang CBD Meikarta BANTEN Siloam Hospitals Cinere Tamini Square Meikarta PROVINCE Siloam Hospitals Asri EAST Siloam Hospitals Lippo Cikarang JAKARTA Lippo Cikarang Mall Citywalk Cikarang Maxxbox Meikarta Residential & Urban Development Cibubur Junction Hospitals Retail Malls Hotels Bellanova Country Mall PROVINCE Offices Town Square Eka Lokasari Mal TOLL ROAD Park View Apartments Lippo Plaza Kebun Raya 1Indonesia Central Statistic Bureau Siloam Hospitals Bogor 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:

Ketut Budi Wijaya Hendra Sidin* Tjokro Libianto President Director Vice President Director Theo L. Sambuaga Agum Gumelar Chairman

Richard Setiadi Alwi Sjaaf Wijaya Subekti

Farid Harianto H. Sutiyoso

*Newly Appointed on EGM JUN 5, 2018 Marshal Martinus* 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. other types of property innovative medical packages developments that meet the needs of our HOTELS growing middle class. Increase market share and 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 position. class healthcare

Wider price range to capture broad market coverage

10 RESIDENTIAL & URBAN DEVELOPMENT

LIPPO VILLAGE IN KARAWACI, WEST OF JAKARTA LIPPO CIKARANG, EAST OF JAKARTA

Existing CBD Industrial Industrial Landbank Meikarta

EJIP (Sumitomo) BIIE (Hyundai) Existing Residential

Existing Industrial

Development Rights Land already acquired Landbank inventory Development Rights Land already acquired Landbank inventory 3,066 ha 1,228 ha 317 ha 3,250 ha 2,836 ha 458 ha Workers Residential Population Residential > 51,250 500,500 Population Jobs Houses > 14,000 Houses > 10,583 > 59,519 48,734 Condos > 1,976 Condos > 3,601 Shophouses > 1,216 Global Names : Shophouses > 1,193 No. of Factories Toyota Tsusho, Industrial > 1.200 Hankook, Danone, Epson, Sanyo, KIA Motors 113.5 km roads built, 59,588 trees planted, 21% green space 282 km roads built, and 94,275 trees planted, 11 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 651 ha 289 ha 500 ha 125 ha 90 ha (+ 14 ha family center & lake} Residential Population Jobs Houses > 6,724 Plot Sold > 17,176 13,662 Shophouses > 196 54,501

27 km roads built, and 10,674 trees planted,

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

SOLD (AS OF 30 SEP 2018)

THE THE BLOOMINGTON THE RITZ THE EMPIRE COSMOPOLITAN THE THE INFINITY COSMOPOLITAN THE 98% 97% 100% INTERCON Rp 482 bio Rp 483 bio Rp 352 bio

100% completion 100% completion 100% completion THE THE TIFFANY RITZ THE TIFFANY THE INFINITY THE INTERCON THE EMPIRE 100% 100% 100% Rp 638 bio Rp 439 bio Rp 361 bio

International 100% completion 100% completion 100% completion School THE BLOOMINGTON PAYMENT PROFILE

LIPPO MALL KEMANG 91% Cash 30% Rp 915 bio Mortgage 51% 12-36 Monthly Installment 19% 100% completion

Construction Progress as at 31 Dec 2017 13 TOTAL LAND AREA : 11.4 Ha (FIRST LAUNCHED ON AUGUST 2008)

NEW ROYAL ROYAL SOLD (AS OF 30 SEP 2018) SUITE SUITE

PRESIDENTIAL AMBASSADOR ROYAL SUITES NEW SUITES SUITES AMBASSADOR SUITE 96% 99% 98% AMBASSADOR SUITE Rp 449 bio Rp 357 bio Rp 367 bio

100% completion 100% completion 100% completion Hotel & Offices NEW NEW NEW ROYAL PRESIDENTIAL AMBASSADOR SUITES SUITES SUITES PRESIDENTIAL NEW PRESIDENTIAL 92% 91% 99% SUITE SUITE Rp 626 bio Rp 517 bio Rp 367 bio

99% completion 98% completion 100% completion

PAYMENT PROFILE

LIPPO MALL PURI Cash 29 % Mortgage 48 % 12-36 Monthly Installment 23 %

Construction Progress as at 31 Dec 2017 14 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

15 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 CBD Meikarta LIPPO CIKARANG

16 PRE-SOLD PROJECTS UNDER CONSTRUCTION (LAUNCHED IN 2015-2016)

PASADENA SUITES MONACO BAY HOLLAND VILLAGE BURBANK GLENDALE PARK NEWPORT PARK CBD Meikarta, MANADO, MANADO, CBD Meikarta, CBD Meikarta, CBD Meikarta, LIPPO CIKARANG NORTH SULAWESI NORTH SULAWESI LIPPO CIKARANG LIPPO CIKARANG LIPPO CIKARANG

17 21

Mature East Hospitals

Date Bed Operationa GPs & Name Place Nurses Centre of Excellence Accreditation Remarks Opened Capacity l Beds Specialists

SH Kebon Cardiology, Urology, W. JAKARTA 2002 285 217 216 341 Jeruk Orthopedics, Emergency JCIA

SH Surabaya E. JAVA 2002 162 160 167 238 Cardiology, Emergency

SH Manado N. SULAWESI 2012 238 177 105 190 Emergency

E. SH Balikpapan 2002 232 165 94 143 Orthopedics, Emergency 79.90% KALIMANTAN

RS Grha W. NUSA Ultima 2017 69 40 45 61 Emergency TENGGARA Medika

SH Cardiology, Emergency, S. SULAWESI 2012 362 215 132 217 Makassar Endocrinology

SH Samarinda E. KALIMANTAN 2016 34 10 24 19 Emergency

18 22

Mature West Hospitals

Date Bed Operation GPs & Name Province Nurses Centre of Excellence Accreditation Remarks Opened Capacity al Beds Specialists

MRCC Siloam S. JAKARTA 2011 334 176 183 235 Cancer, Liver, Emergency Semanggi

SH Cinere DEPOK 2012 50 33 22 40 Cardiology 80.00%

S. SH Palembang 2012 357 150 125 146 Gastroenterology, Emergency SUMATERA

SH TB Cardiology, Emergency, S. JAKARTA 2013 269 117 142 109 Simatupang Neuroscience, Oncology

Cardiology, Orthopedics, SH Lippo Village TANGERANG 1996 308 274 274 365 Neuroscience, Emergency JCIA

SH Lippo Occupational Health, BEKASI 2002 164 118 88 148 Cikarang Emergency

SH Jambi E. SUMATERA 2011 119 107 67 122 Emergency 83.00%

RS Siloam N. Dhirga Surya 2014 356 117 113 121 Emergency, Trauma SUMATERA Medan

19 23

Mature Distinct Hospitals

Date Bed Operatio GPs & Name Place Nurses Centre of Excellence Accreditation Remarks Opened Capacity nal Beds Specialists

SH Denpasar Cardiology, Orthopedics, BALI 2013 281 124 133 184 (East) Tourists, Emergency JCIA

SH Asri S. JAKARTA 2014 42 42 114 82 Urology (West)

BIMC Kuta BALI 2013 19 18 43 62 Tourists, Emergency (East)

BIMC Nusa Cosmetic Surgery, BALI 2013 39 24 56 46 Dua (East) Emergency

BPJS Hospitals

SH Buton SE. SULAWESI 2016 140 80 35 94 Emergency

SH W. JAVA 2014 219 212 79 216 Emergency Purwakarta

E. NUSA SH Kupang 2014 416 110 64 152 Emergency TENGGARA

SH Labuan E. NUSA 2016 124 88 23 67 Emergency Bajo TENGGARA

SGH (RSUS) TANGERANG 2012 640 300 126 226 Emergency 20 24 New Hospitals

Date Bed Operation GPs & Name Place Nurses Centre of Excellence Accreditation Remarks Opened Capacity al Beds Specialists RS Umum Putera CIREBON 2017 114 104 51 118 Emergency Bahagia

SH Bogor W. JAVA 2017 246 60 60 58 Emergency

RS Siloam BANGKA 2017 412 33 42 49 Emergency Bangka BELITUNG

RS Hosana BEKASI 2017 101 60 37 65 Emergency Bekasi

RS Siloam YOGYAKARTA 2017 149 60 60 53 Emergency Yogyakarta

Siloam Medika Blu BEKASI 2017 56 32 33 53 Emergency Plaza

RS Siloam S. SUMATERA 2018 175 69 29 45 Emergency Silampari

SH Jember E. JAVA 2018 323 30 39 45 Opening April 2018

RS Umum BEKASI 2017 50 50 38 59 Emergency Sentosa 21 25

Clinics – currently 16 operational located in Bali, Balikpapan, Bekasi, Jakarta and Tangerang

MERTANADI, ROBSON, GRAHA RAYA, BALI CIKARANG TANGERANG

BONA INDAH, HARKIT, SILIGITA, BALI JAKARTA TANGERANG

MERUYA, PERMATA, BALIKPAPAN JAKARTA TANGERANG Current

CISOKA, BEKASI LABUAN BAJO TANGERANG

CYBERPARK, CIANJUR TANGERANG

JABABEKA, GADING CIKARANG SERPONG 22 26

Comprehensive Licensing Requirements for New Hospitals

Status of Selected Projects for 2018-2019* 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 involves more than 40 licenses and can be summarized into 6 most critical licenses.

* As of April2018

Batu Lippo Bekasi Gunung Semarang Palangka Status Ambon Banjarmasin Jember Kelapa Dua Tegalrejo Mall Grand Mall Sahari Hoo Raya

Beds >100 <100 <100 <100 <100 >100 >100 <100 >100 >100

Planned Opening 2019 2018 2019 2019 2019 Apr 2018 2018 2018 2019 2018

EnvironmentalLicense (AMDAL) P P P P P P P P P P Building Permit (IMB) P P P P P P P P P Nuisance Permit (HO) P P P P P P P P Hospital Building Permit (IMRS) P P P P P Certificate of Proper P Building Function (SLF) P P P P

Operational P License (IO) P 23 DOMINANT POSITION IN RETAIL DEVELOPMENT & PROPERTY MANAGEMENT MANAGES 49 MALLS THROUGHOUT INDONESIA . 3.4 million sqm GFA . As of Sep 30, 2018 : Overall average occupancy 89% and 94% in LMIRT properties Pipeline Malls:

LIPPO MALL PURI PX PAVILLION

LIPPO PLAZA SRONDOL, SEMARANG

LIPPO PLAZA JAMBI 24 MANAGES 10 HOTELS THROUGHOUT INDONESIA . As of Sep 30, 2018 : Overall average occupancy 71%

HOTEL ARYADUTA HOTEL ARYADUTA HOTEL ARYADUTA HOTEL ARYADUTA HOTEL ARYADUTA HOTEL ARYADUTA LIPPO VILAGE (192 rooms) MEDAN (197 rooms) PEKANBARU (158 rooms) JAKARTA (302 rooms) MANADO (200 rooms) KUTA BALI (178 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) 25 ASSET MANAGEMENT

UNIQUE FOR AN INDONESIAN PROPERTY COMPANY

100% 100% 100% 100% 100%

PT BOWSPRIT BOWSPRIT LMIR TRUST PT LIPPO MALLS PT ARYADUTA ASSET CAPITAL MANAGEMENT INDONESIA INTERNATIONAL MANAGEMENT CORPORATION 28.25% LTD 30.52% MANAGEMENT LTD ASSET MANAGER OF DIRE MALL HOTEL OPERATOR BOWSPRIT REIT MANAGER Code : FIRT REIT MANAGER Code : LMRT MANAGEMENT COMMERCIAL AND SERVICES INFRASTRUCTURE

Management Fee Management Fee Management Fee Fees Management Fee -Base fee : -Base fee : - 2% p.a. of the gross Fees consists of: -0.2% p.a. of the total asset 0.4% p.a. of the value of the Deposited 0.25% p.a. of the value of the Deposited revenue of the retail malls. under management. Property. Property. - 2% p.a. of the Net -- Management Fee : -Performance fee: -Performance fee : -Performance fee : Property Income of the 2% of total Revenue 2% p.a. of the Net Property 5.0% p.a. of the Net Property Income. 4.0% p.a. of the Net Property Income. retail malls. Income after final tax (10%) -- Incentive Fee: -Investment & Divestment fee. -Investment & Divestment fee. - 0.5% p.a. of the retail - 1% of the acquisition value 1.5% of GOP malls in lieu of leasing - 0.5% of the divestment value commission.

As of 30 Sep 2018 IN SINGAPORE IN INDONESIA

26 Managed by Bowsprit Capital Corporation Limited, First REIT’s portfolio consists of 20 properties located in Indonesia, Singapore and South Korea . Manages 15 Siloam Hospitals and 2 Aryaduta Hotels in Indonesia . As of Sep 30, 2018 : Annualised DPU : SGD 8.62 cents Dividend Yield (%) Share Price (SGD) Portfolio Size (SGD mn) 7,0 1,450 1.400 6,9 1.349 1.350 6,8 1,400 1,390 1.350 6,8 6,7

1,350 1.300 1.268 1.273 6,6

1,300 1.250 6,4 1,265 6,4 1,255 1,260 1,250 1.200 1.172 6,2 1,200 6,2 1,200 1.150

6,0 1,150 1.100

1,100 1.050 5,8 2014 2015 2016 2017 9M 2014 2015 2016 2017 9M 2014 2015 2016 2017 9M 2018 2018 2018

27 MANAGES 23 RETAIL MALLS AND 7 RETAIL SPACES . As of Jun 30, 2018 : Annualised DPU: SGD 2.52 cents Dividend Yield (%) Share Price (SGD) Portfolio Size (SGD mn) 12,0 0,45 1.960 1.949

0,4 1.940 0,4 0,37 10,0 9,7 1.920 1.918 9,2 1.920 0,35 0,34 8,6 0,32 0,32 8,1 8,0 1.900 8,0 0,3 1.880 0,25 1.860 6,0 0,2 1.841 1.840 1.836 0,15 4,0 1.820

0,1 1.800 2,0 0,05 1.780

0 1.760 0,0 2014 2015 2016 2017 6M 2014 2015 2016 2017 6M 2014 2015 2016 2017 6M 2018 2018 2018

28 FINANCIAL PERFORMANCE BALANCE SHEET

AS OF 31 DECEMBER (unless otherwise stated)

Sep Rp Trillion 2017 2016 2015 2014 2018 TOTAL ASSET 52.985 56.772 45.604 41.327 37.773 TOTAL LIABILITIES 25.840 26.912 23.529 22.410 20.152 TOTAL EQUITY 20.196 22.829 18.572 16.394 15.588

TOTAL DEBT 15.217 13.837 13.663 12.365 9.997 CASH AND CASH EQUIVALENTS 1.849 2.538 3.250 1.839 3.529

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

Source : Company as of 9M’2018 30 DEBT MATURITY PROFILE

Coupon rate Coupon rate Debt Profile USD million Coupon rate 9.625% pa 7% pa 6.75% pa 450 425 9% 410 5% 400

350

300 410 425 86% 250 425 200

150 USD Bonds USD Bank Loans 100 73 75 IDR Bank Loans 25.1 50 21.4 7.3 16.5 Bonds 0 2018 2019 2020 2021 2022 2023 2026 Source: Company as of 9M’2018 ICBC : Rp 70 bn (USD 4.69 mn) CTLI : Rp 81,92 bn (USD 5.49 mn) Mega : Rp 250 bn (USD 16.75 mn) ICBC : Rp 77 bn (USD 5.16 mn) BPD Kalimantan Timur : Rp 3.68 bn (USD 0.24 mn) Hana : Rp 87.85 bn (USD 5.88 ,mn) BNI : Rp 270 bn (USD 18.08 mn) Mandiri : Rp 70 bn (USD 4.69 mn) CIMB Niaga : Rp 140 bn (USD 9.37 mn) UBS-DB : Rp 746.45 bn (USD 50 mn) CTLI : Rp 36.41 bn (USD 2.44 mn) MULI : Rp 41.13 bn (USD 2.76 mn) CTLI : Rp 13.8 bn (USD 0.92 mn) J Trust : Rp 115.58 bn (USD 7.74 mn) MUFG : Rp 30.54 bn (USD 2.05 mn) Ganesha : Rp 41.02 bn (USD 2.75 mn) ICBC : Rp 65 bn (USD 4,35 mn) 31 ATTRACTIVE ASSET VALUE

Ownership (%) Land Area (ha) Assets Value (Rp bn) URBAN DEVELOPMENT: Lippo Village 100 408 28.783 Lippo Cikarang 54,4 622 16.045 Tanjung Bunga 62,7 192 2.610 San Diego Hills 100 93 2.581 Micro Suburbs 100 20 352 SUB TOTAL1) 50.371 LARGE SCALE INTEGRATED DEVELOPMENT: City of Tomorrow (retail, apart, inv & hotel) 85 5 724 Kemang Village 92 13 2.205 St Moritz 100 11 7.611 11 New Projects 5.412 Others (land, retail space inv & other devt) 100 2.528 SUB TOTAL1) 18.480 RETAIL MALLS: 3 Malls 100 1.996 1 Appraised value as of 31 Dec 2016 by: Retail Space Inventory 100 732 - Rengganis Hamid & Partner (in SUB TOTAL2) 2.728 stategic alliance with CB Richard Ellis) & HOTELS: - Ihot, Dollar & Raymond (an independent member of Baker Tilly 2 Hotels FREIT 683 International) Hotels 100 1.677 2 Business Value : 2) - Malls - 12.66% WACC SUB TOTAL 2.360 - Hotels - 11.96% WACC REIT Units3) 5.528 3 Market Cap as of 30 Sep 2018 HOSPITALS3) 51,05 2.423 4 ESTIMATED TOTAL ASSET VALUE 81.890 Financial Statement as of 30 Sep 2018 Add: Cash4) 1.849 5 NAV/share (30 Sep 2018) = Rp 2.805 Less: Debt4) 15.217 Less: Advances from Customers4) 3.790 ESTIMATED NAV 5) 64.732 32 PROPERTY MARKETING SALES

(in Rp bn) FY 2015 FY 2016 FY 2017 9M 2017 9M 2018 Budget 2018

Residential 3.039 973 423 292 893 1.162 Low Rise 1.129 573 227 111 811 593 High Rise 1.910 400 196 181 82 569

Commercial 127 - 63 55 15 250

Industrial 279 75 78 64 53 100

Unique Product SDH 178 154 138 109 164 178

Retail Space Inventory ------

Total Property Sales 3.623 1.201 702 521 1.125 1.690

Assets sold to REITS - 938 1.109 - - 4.000

Total Marketing Sales 3.623 2.139 1.811 521 1.125 5.690 33 MEIKARTA RESIDENTIAL & URBAN DEVELOPMENT

A New Visionary City Redefining The Meaning of Beautiful Modern City 250.000 New Housing for 1.000.000 communities

35 RESIDENTIAL & URBAN DEVELOPMENT

SURROUNDED BY FORTUNE 500 COMPANIES . 4.000 MULTINATIONAL COMPANIES . 1 MILLION CAR PRODUCTION / YEAR . 10 MILLION MOTORCYCLES PRODUCTION / YEAR . 12.000 EXPATRIATES

JAKARTA

BANDUNG

36 RESIDENTIAL & URBAN DEVELOPMENT

6 New Infrastructures

PATIMBAN DEEP SEAPORT LRT CAWANG –BEKASI TIMUR – CIKARANG EST. VALUE : Rp 40 T EST. VALUE : Rp 3,2 T EST. COMPLETION : 2019 (PARTIAL) EST. COMPLETION : 2019

KERTAJATI INTERNATIONAL AIRPORT APM (MONORAIL) CONNECTING EST. VALUE : Rp 23 T 7 INDUSTRIAL AREAS OPEN: MAY 2018 EST. VALUE : Rp 21 T EST. COMPLETION : 2020

EXPRESS TRAIN ELEVATED TOLL JAKARTA – CIKAMPEK JAKARTA – BANDUNG EST. VALUE : Rp 16 T EST. VALUE : Rp 65 T EST. COMPLETION : 2019 EST. COMPLETION : 2021 (PARTIAL)

37 RESIDENTIAL & URBAN DEVELOPMENT

200,000 PEOPLE CAPACITIES

International Exhibition & Convention Center CentralTaman KotaPark 100 Ha

4 Layers Coherent Internal Road Networks Indonesian Silicon Valley World Class • Industrial Research Center • Malls 300,000 sqm • National Library • • Facilities • Top 3 Universities International Financial Center Opera Theatre & Art Center • Top 5 High Schools & • 10 International 5 Star Hotels • International Health Center Top 10 Primary Schools 38 MEIKARTA UNDER CONSTRUCTION

39 MEIKARTA : LAUNCHED IN MAY 2017

American Style

American Style European Style Asian Style Modern Style

18 40 APPENDICES LIPPO GROUP

TMT RETAIL REAL ESTATE Technology – Multimedia – Telecommunications Hypermart Matahari Dept Township Commercial Malls Healthcare Multimedia IT Services & Financial UPH Foundation Store / Int Devt Other Services TMT

Stores Nationwide • Largest modern • 33 Hospitals - Leading privately • 6,800 beds in 24 - Leading PayTV and -IT Services & owned securities house - 155 stores in 71 PT Lippo Karawaci mall operator / cities Internet Service Systems Integrator - Shareholder in cities Tbk. management in RI Provider • 36 Targeted -80% Mkt Share Bussan Auto Finance - 5.5 million card •Largest RI Property • accounts for over - Over 550,000 Hospitals Mkt Cap (BAF) – a national members Group; 20-30% of all subscribers multifinance 291 Stores; 4.3mn th Mkt Cap - Rp 1.4T (Apr 2018) - 8 most valuable Mkt Cap modern retail mall company; in loyalty card Mkt Cap - Rp849bn (Apr 2018) - US$101mn brand in Indonesia • Rp 11.1T (Apr space in Indonesia partnership with members • Rp13.0T (Apr 2018) - US$62mn • Non-Profit (2016) 2018) • 63 malls in 31 Yamaha Motors Co. Nationwide in 69 • US$931mn Educational Mkt. Cap. • US$808mn cities; 45 pipeline Ltd., and Mitsui & Co. cities - Rp31.1T (Apr 2018) Ltd. Foundation - 117 Hypermart - US$2.3B - Largest High-speed - First 4G LTE • Over 29 schools - 112 Boston Mkt Share Cable Network Operator Operator in RI; 30 nationwide in 22 - 26 Foodmart -over 1.9mn Homepass; - 40.8% MHz spectrum cities - 36 FMX & 29% penetration rate - Over 2.8 million - Life, general and • 17,800 students • Residential and SmartClub Mkt Cap Bolt subscribers medical insurance • 1,400 teachers light industrial - Rp16T (Apr 2018) Mkt. Cap. - 4,500 installed BTS provider • 432 Staff estate - US$1.2bn - Rp2.1T (Apr 2018) (Jabodetabek) Mkt Cap Mkt Cap - US$155mn - Rp 600B (Apr 2018) • Rp 2.2T (Apr 2018) Mkt Share 10 Hotels - US$44mn • US$160mn - 35.5% nationwide - DTH PayTV; 184 ch / 30HD; over 250k subs - TV News and Publication Group - over a 1.2 million • Integrated - Over 102 Nobu Bank - Multi-screen online readership branches in 47 cities township Entertainment Centers; nationwide Mkt Cap 197 screens; 38 Mkt Cap • Rp 1.32B (Apr 2018) locations - Rp3.97T (Apr 2018) • US$ 96mn 88 Stores - US$288m - Most aggressive and -Tier 3 / 4 Data successful online - One of Indonesia’s Center; multi-fiber retailer - Manages over SS$3.4 billion in assets (Dec 2017) newest and most optic ready 39 bookstores - Well positioned to be - Combined Market Capitalization of SS$2.32billion (Apr 2018) progressive B2B and - In partnership with the #1 online B2C B2G providers - Publicly listed in SNG Mitsui MKI 4 retailer in Indonesia - Provides a “free” and Indonesia’s newest effective E-Procurement mobile / online system. financial and internet 5 payment service

42 INDONESIA: ATTRACTIVE GROWING MARKET

Economic Indicators

2018 2019 2017 State Budget State Budget

Economic Growth (%) 5.07 5.4 5.3

Inflation Rate (%) 3.61 3.5 3.5

Exchange Rate (Rp/USD) 13,384 13,400 14.400

3 Month SBI (%) 4.98 5.2 5.3

Oil Price (USD/bbl) 51,2 48 70

Oil Lifting (k bbl/day) 803.9 800 750 Source : Bank of Indonesia, Ministry of Finance

Indonesia ranks fourth as the most prospective country for Indonesia : TOP 3 destinations for investors (The Economist survey 2017) invesment for 2017-2019 (UNCTAD business survey)

43 INDONESIA PROPERTY SECTOR HAS ROOM TO GROW

ASIA PACIFIC PROPERTY . Rapid urbanisation . Growing middle–class RENTAL YIELD . Strong savings and income growth . Low mortgage penetration INDONESIA 8,61% . Property as investment PHILLIPINES 6,13% . Improving regulatory environment . Banking innovation THAILAND 5,13% . Low property prices in the region MALAYSIA 4,53% . Highest yields in the region HONGKONG 2,75%

SINGAPORE 2,54% PRICE PER SQM/ GDP PER CAPITA

PHILLIPINES 138,04 PROPERTY PRICE (USD/SQM)

INDONESIA 85,93 HONGKONG 25.551

THAILAND 68,83 SINGAPORE 13.748

HONGKONG 60,41 THAILAND 3.952

SINGAPORE 25,99 PHILLIPINES 3.952

MALAYSIA 19,23 INDONESIA 2.889

MALAYSIA 1.827 Source: Global Property Guide 44 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. 45 NEW LTV REGULATION

Mortgage Disbursement stages

Mortgage Disbursement:

46 OVERVIEW OF JAKARTA’S CONDOMINIUM MARKET

Source : Q2’2018 Jones Lang LaSalle Research 47 OVERVIEW OF JAKARTA’S RETAIL MARKET

Source : Q2’2018 Jones Lang LaSalle Research 48 OVERVIEW OF JAKARTA’S OFFICE MARKET - CBD AREA

Source : Q2’ 2018 Jones Lang LaSalle Research 49 OVERVIEW OF JAKARTA’S OFFICE MARKET – non CBD AREA

Source : Q2 2018 Jones Lang LaSalle Research 50 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

51 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

52 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.

53 HOSPITALS IN INDONESIA

No OWNER 31 Dec 12 31 Dec 13 31 Dec 14 31 Dec 15 31 Dec 16 31 Dec 17 30 Jun 18

1 MOH 32 33 34 36 33 33 33 2 PROVINCE 89 96 98 113 120 136 139 GOVERNMENT 3 MUNICIPAL 88 92 93 98 97 97 97 GOVERNMENT 4 DISTRICT GOVERNMENT 444 455 463 469 480 497 512 5 ARMY / POLICE 155 159 170 170 167 171 171 6 OTHER MINISTRIES / 79 79 79 79 77 78 78 PUBLIC COMPANIES 7 PRIVATE 1,179 1,314 1,472 1,525 1,627 1,765 1,816 TOTAL 2,066 2,228 2,409 2,490 2,601 2,777 2,846

Source : Ministry of Health

54 COMPARISON HEALTH STATISTICS

Indonesia Vietnam Malaysia Singapore South Korea India China Australia USA UK Hospital beds per 10,000 pops 12 26 19 24 115 7 42 38 29 28 Physician per10,000 pops 2 8 15 23 23 8 18 35 26 28 Nursing and Midwife per 10,000 pops 13 14 41 71 69 21 23 126 118 84 Life expectancy at birth (years) 69 76 75 83 83 69 76 83 79 81 NMR per 1,000 live birth 14 12 4 1 2 25 5 2 4 3 MMR per 100,000 live birth 126 54 40 10 11 174 27 6 14 9 % Government Expenditure 38 42 52 52 56 26 60 67 50 80 % Private Expenditure 62 58 48 48 44 74 40 33 50 20 Healthcare Spend as % of GDP 3 6 4 4 7 4 5 9 17 10

Health expenditure per capita in PPP 369 334 1.064 3.681 2.556 238 762 4.492 9.536 4.145

Hospital Beds/ 10,000 pops Total Healthcare spending as % of GDP South Korea 115 USA 17% Australia 38 UK 10% China 42 Australia 9% UK 29 South Korea 7% UK 28 Vietnam 6% Vietnam 26 China 5% Singapore 24 Singapore 4% Malaysia 19 India 4% Indonesia 12 Malaysia 4% India 7 Indonesia 3%

Source : WHO, World Bank 2018 55 LIPPO KARAWACI’S MILESTONES

May August December Corporate Actions October November Non Pre- April Rp 2.2 tn equity deal 3rd Rights Issue August emptive Rights of which CVC invested of 4.32 bn new USD 100 mn bonds LMIRT was listed Issuance USD150 mn bonds 15% stake in SILO shares at issuance, at the rate Stock Split in SGX, sponsored of 1.45 bn new of 7% p.a. offered issuance, at the rate of and participated in by the Company Rp 550/share, 7% p.a. offered at par SILO right issue February 1 for 2 shares at at 105.25%, due Rp 660/share, due 2022 May 2019 August st March October 1 Rights Issue November June of 607.8 mn USD 270 mn March May March USD260 mn USD 250 mn USD425 mn shares at Total 1,055 mn bonds issuance, bonds issuance, bonds issuance, USD 150 mn bonds issuance, Initial Public Rp 500/share, warrants are fully at the rate of USD 125 mn LPKR placed 82.5 mn at the rate of 7% at the rate of bonds issuance, at the rate of Offering of issued & listed exercised, 9% p.a. bonds issuance, SILO shares or 7.1% of p.a. offered at 8.875% p.a. at the rate of 7% 6.75% p.a. due 30.8 mn on the JSX & generating total Issue price at the rate of 9% total shares outstanding 103.75%due issue price 100%, p.a. offered at 2026, to redeem shares SSX cash of Rp 923 bn 100%, p.a. offered at for total proceed of 2022, to redeem due 2011 due 2015 108%, due 2015 99.32%, due 2019 Rp 858bn 2019 bonds 2020 bonds

1996 1998 2005 2006 2007 2010 2011 2012 2013 2014 2015 2016 2017 2018

November April January May December February October January December The settlement USD 130 mn LPKR placed SILO completed its USD 75 mn USD273.3 mn of the entire bonds bonds issuance 2nd Rights Issue Stock Split 1 92.8 mn SILO second Rght Issues The listing of Debt Exchange balance of the issuance, at with coupon for 2.5 shares or 8% raising Rp 3.1 trillion of 881.9 mn First REIT on at the rate of unsecured bond the rate of of total shares whereas LPKR 9,625% p.a. due new shares at the SGX, 6.125% p.a. amounting to 6.125% p.a. outstanding for maintained 51.05% 2020 through Rp 1,050/share offering 271.4 due 2020 USD offered at total proceed of ownership and private placement mn units at 119,229,000 at 104.4%, due Rp 1.14 trillion CVC increased to price of a price of 2020 15.66% September SGD 0.71/unit 104.5% September Sell 17.6% units SILO in FIRT to OUE successfully generating SGD listed in IDX at 202 mn Rp 9000/share, valuing Siloam at USD 1 billion 56 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, CBD Meikarta, 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 2016 2017

March December November May September August August May June September Launched Launched rd Launched Holland Launched Launched Launched Launched Launched The Launched Holland Village, Pasadena 3 Village Manado Glendale Newport Meikarta, a city at Launched City of St.Moritz, a large Nine a large scale tower in CBD the landed house Park, the Park, the the heart of Lippo its first retail Tomorrow scale integrated Residence , integrated Meikarta, development in fifth tower sixth tower Cikarang that will strata-titled (CITO), its development in a large scale development in a new CBD in Manado, North in CBD in CBD be more beautiful project, and first large West Jakarta integrated Central Jakarta Lippo Cikarang Sulawesi Meikarta Meikarta than Jakarta 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 CBD Office Tower in Village, its first development in Meikarta to single CBD Jakarta leased mall, in Manado, North Japanese South Jakarta Sulawesi investor 57 LATEST AWARDS

Siloam received Lippo Cikarang received Lippo Karawaci received Lippo Cikarang received Best of the Best Award Nusantara CSR award 2018 Certificate of Appreciation Lippo Cikarang received Lippo Cikarang received Certificate of The Top 50 Companies for in the category community economic For Tempo Country Indonesia Best Public Company 2018 Indonesia Property Award 2018 Appreciation from 2018 empowerment, improving health Contributor 2018 in the category Property, Real Estate in the category of the for CSR (from Forbes Magazine) quality, improving the quality of (from Tempo Inti Media) and Building Construction prospective housing in Cikarang education, and regional infrastructure in Education and (from Warta Ekonomi magazine) for The Patio project development Healthcare (from Property Indonesia (from La Tofi School of CSR) magazine)

Lippo Karawaci received Lippo Cikarang received Lippo Cikarang received Lippo received Lippo Cikarang received “One of the Most Valuable Indonesia Green Award 2018 Certificate Appreciation from Lippo Karawaci received Top Ten Developer in Indonesia Property Award 2018 Indonesian Brands 2018” with in the category of pioneer in West Java Governor as its Indonesia Property Award 2018 Indonesia award in 2018 as Top Marketing Communication a US 150 million Brand Value pollution prevention, saving partner in developing West as Top Marketing Communication (from BCI Asia) in the category Industrial Estate and AA- Brand Rating water resources, Java through its CSR in 2018 in the category City & Township (from Warta Ekonomi magazine) (from Brand Plc) development of biodiversity (from Warta Ekonomi magazine) (from La Tofi School of CSR)

58 SHARE PRICE PERFORMANCE

Closing Price (Rp) Volume (Shares) 1.800 1.400.000.000 1.700 1.600 1.500 1.200.000.000 1.400 1.300 1.000.000.000 1.200 1.100 1.000 800.000.000 900 800 600.000.000 700 600 500 400.000.000 400 300 200 200.000.000 100 - - Jan- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- 10 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 18 (LPKR.JK ; LPKR IJ)

Average Daily Trading Value Oct’17 – Sep’18 (in USD) Market Cap as of 30 Sep 2018 in Comparison with Peers 8.000.000 (in USDmn) 7.000.000 1.661 6.000.000 1.489 5.000.000 1.088 4.000.000 3.000.000 532 633 2.000.000 376 1.000.000 196 - Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Lippo Karawaci Pakuwon Jati Bumi Serpong Ciputra Summarecon Alam Sutra Agung 17 17 17 18 18 18 18 18 18 18 18 18 Damai Development Agung Podomoro

Source : Indonesia Stock Exchange 59 TOP 20 LISTED COMPANIES BY TRADING VOLUME

20 Most Activ e Stocks by Trading Volume Total Trading Trading No. Listed Stocks Volume % Value (IDR) Freq. (x) Days 1, Hanson International Tbk. (MYRX) 169.374.346.047 9,12 21.336.090.726.768 266.690 178 2, Rimo International Lestari Tbk. (RIMO) 153.741.905.731 8,28 20.500.255.930.893 236.828 178 3, Trada Alam Minera Tbk. (TRAM) 82.999.934.151 4,47 25.789.300.402.943 873.849 178 4, Inti Agri Resources Tbk. (IIKP) 74.892.294.172 4,03 18.396.283.379.510 244.803 178 5, Bumi Resources Tbk. (BUMI) 70.540.368.277 3,80 20.197.894.191.123 894.123 178 6, Sentul City Tbk. (BKSL) 47.044.486.928 2,53 8.525.941.027.919 672.659 178 7, Bumi Resources Minerals Tbk. (BRMS) 38.902.154.828 2,10 3.003.364.887.272 267.071 178 8, Energi Mega Persada Tbk. (ENRG) 35.145.385.581 1,89 6.754.497.169.097 603.936 178 9, Armidian Kary atama Tbk. (ARMY) 27.948.994.590 1,51 7.936.210.315.060 53.531 178 10, Bank Rakyat Indonesia (Persero) Tbk. (BBRI) 27.804.223.545 1,50 91.372.225.851.968 1.700.661 178 11, Intikeramik Alamasri Industri Tbk. (IKAI) 25.257.082.892 1,36 8.274.960.620.630 670.045 176 12, Darma Henwa Tbk. (DEWA) 24.325.651.363 1,31 1.333.830.732.922 166.020 178 13, Medco Energi Internasional Tbk. (MEDC) 23.510.094.066 1,27 28.859.900.886.584 672.420 178 14, Telekomunikasi Indonesia (Persero) Tbk. (TLKM) 23.413.285.616 1,26 87.950.037.571.212 1.576.003 178 15, Kresna Graha Investama Tbk. (KREN) 22.402.758.736 1,21 14.748.500.520.185 1.037.032 178 16, Bank Panin Dubai Syariah Tbk. (PNBS) 22.114.664.600 1,19 1.909.295.595.600 319.098 178 17, Logindo Samudramakmur Tbk. (LEAD) 21.441.961.110 1,15 2.977.747.802.510 548.645 178 18, Sri Rejeki Isman Tbk. (SRIL) 21.165.443.093 1,14 7.414.178.810.844 440.225 178 19, Lippo Karawaci Tbk. (LPKR) 21.002.333.508 1,13 10.131.146.859.147 250.780 178 20, Bumi Teknokultura Unggul Tbk. (BTEK) 19.950.240.932 1,07 2.568.503.902.200 31.884 177

Source : IDX 60 INVESTOR RELATIONS

William Wijaya Utama (Senior Manager) 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

61