PRESS RELEASE Oakwood Residence Cikarang Celebrates Entry as The City’s First International Serviced Apartment Brand Providing a safe oasis of calm for travellers and executives in Cikarang CIKARANG, Indonesia - October 9, 2019 – Oakwood Residence Cikarang today celebrated its opening in Kota Jababeka, Indonesia, attended by the Board of Directors from Selaras Holding Group, the property’s owning company; Mr. Yuji Hirahara, General Manager and the management team of Oakwood Residence Cikarang; corporate clients; in-house residents and media friends. The ceremony was marked with a traditional “tumpeng” cutting ceremony. A “tumpeng” is an Indonesian cone-shaped rice dish with side dishes of vegetables and meat, and is used as a symbol of gratitude in celebrations. The opening of Oakwood Residence Cikarang marks the debut of Cikarang’s first international serviced apartment brand within the industrial city that is the largest in Southeast Asia, and an important area to Indonesia’s economy with approximately 4,000 companies from around the world located within the estate. Providing a safe and secure community for relocating business travellers and their families working in Cikarang, Oakwood Residence Cikarang features 335 elegant studios and apartments with a choice of garden or cityscape views. The spacious studios at 40 square metres and one- to three-bedroom apartments ranging from 53 to 112 square metres each offers a 50-inch LED TV with multi-channel cable, high speed WiFi connection, bathroom complete with bathtub and rainshower, a well-equipped kitchenette, as well as a washer and dryer. Oakwood Residence Cikarang offers a residential oasis of calm right from the moment of entry, away from the hustle and bustle of the city. Well-appointment facilities include The Library, a residents’ lounge providing a tranquil respite for those who wish to dive into a good book in golden silence; an infinity pool overlooking the lush gardens of the property, a pool lounge, a fully-equipped Fitness Center, a Children’s Playground, meeting facilities and Fujimart convenience store. To rejuvenate after a day’s work and chores, guests can take a relaxing hot bath at Daiyokujyo bathhouse, before indulging in a massage therapy at Yasuragi Reflexology. Mercato, the all- day dining restaurant serves up a varied menu of Asian, Western and European interpretation of popular classics. “Cikarang has the enviable reputation of being Southeast Asia’s largest industrial estate and this gives us a great opportunity to extend Oakwood’s expertise in residential lifestyle to this growing community of over 4,000 international enterprises. The promise of a sophisticated enclave serviced by world-class hospitality professionals and convenient access to thoughtful facilities make it a desirable home address,” said Dean Schreiber, interim chief executive officer of Oakwood and managing director of Oakwood Asia Pacific. Complementing Oakwood Residence Cikarang’s convenient work commute is its proximity to wide-ranging leisure activities - shopping and dining options, as well as one of Asia’s finest golfing destination, the Jababeka Golf and Country Club, are only a short drive away. Family- friendly attractions in the vicinity include the Waterboom Lippo Cikarang, Matador Waterpark, Parks Limo Jatiwangi and the Lippo Cikarang Mall whilst the central business district of Jakarta is approximately 90 minutes’ drive via the Cikarang Utara Highway. “At the Oakwood Residence Cikarang, our residents return home to an environment surrounded by lush greenery, great service and facilities, and at the same time enjoy a peace of mind with fingerprint access control throughout the property for maximum security. We are confident that Oakwood Residence Cikarang will be the residence of choice, be it for visitors here on short trips or working executives on extended stays,” commented Yuji Hirahara, General Manager of Oakwood Residence Cikarang. Note to Editors: The first internationally branded serviced apartment to open in Cikarang, Southeast Asia’s largest industrial city, Oakwood Residence Cikarang offers an abode of peace and tranquility complemented with warm hospitality service amidst the bustle of the city. Featuring 335 elegant studios and one- to three-bedroom apartments alongside well-appointed facilities such as an infinity pool, residents’ lounge, children’s playground, restaurant, meeting rooms, bathhouse, spa and convenience store; it is the perfect choice of accommodation for visitors and executives working in Cikarang. For more information, visit Oakwoodasia.com/Cikarang. About Oakwood® Oakwood®, a wholly owned subsidiary of Mapletree Investments, is the leading global accommodation solutions provider helping businesses and individual travellers be anywhere they need to be. With an extensive and flexible selection of move-in ready furnished and serviced apartments, Oakwood has enabled thousands of companies to expand their reach to more customers and markets. The award-winning company continues investing in its exclusive and growing portfolio of Oakwood-branded properties throughout the Americas, EMEA (Europe, the Middle East and Africa) and APAC (Asia Pacific) offering travelers a broad range of accommodation options from apartments with luxurious style and full amenities to sensible accommodations with modern essentials. For more information, please visit www.Oakwood.com. ### MEDIA CONTACT: Irmilindo Sirait Director of Sales & Marketing M: +62 815 85192 123 E: [email protected] .