PT INDONESIAN PARADISE PROPERTY TBK CONFIDENTIAL Company Presentation February 2020 Page Title: 24 pt; Nirmala Disclaimer You must read the following before continuing. The confidential information following this page, the oral presentation of such information and other materials distributed at, or in connection with, the 50 50 50 presentation (the "Presentation") is for information purposes only, and does not constitute or form part of any offer or invitation to sell or the solicitation of an offer or invitation to purchase or You must read the following before continuing. This presentation (the "Presentation") is for information purposes only, and does not constitute or form part of any offer or invitation to sell or the subscribe for, or any offer to underwrite or otherwise acquire any securities of PT Indonesian Paradise Property Tbk (“Indonesian Paradise Property” or the “Company”) or any other securities, nor solicitation of an offer or invitation to purchase or subscribe for, or any offer to underwrite or otherwise acquire any securities of PT Indonesian Paradise Property Tbk (“Indonesian Paradise shall any part of the Presentation or the fact of its distribution or communication form the basis of, or be relied on in connection with, any contract, commitment or investment decision in relation Property” or the “Company”) or any other securities, nor shall any part of the Presentation or the fact of its distribution or communication form the basis of, or be relied on in connection with, any thereto in Indonesia, Singapore, the United States, China, Japan or any other jurisdiction. This Presentation has been prepared solely for informational use and may not be taken away, Placeholder Heading contract, commitment or investment decision in relation thereto in Indonesia, Singapore, the United States, China, Japan or any other jurisdiction. This Presentation has been prepared solely for reproduced, referred to publicly or redistributed in whole or in part to any other person. By attending the meeting where the Presentation is made and/or by reading this Presentation, you are informational use. By reviewing this Presentation, you are agreeing to be bound by the foregoing and below restrictions and represent that you are a person who is permitted under applicable law agreeing to be bound by the foregoing and below restrictions and represent that you are a person who is permitted under applicable law and regulation to receive information of the kind contained Font color – 14/62/78 and regulation to receive information of the kind contained in this Presentation. This Presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or in this Presentation. This Presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other Fill Color – 255/255/255 resident or located in any locality, state, country or other jurisdiction where such distribution, transmission, publication, availability or use would be contrary to law or regulation or which would jurisdiction where such distribution, transmission, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. require any registration or licensing within such jurisdiction. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. If you are not the intended recipient Any failure to comply with these restrictions may constitute a violation of applicable securities laws. If you are not the intended recipient of this Presentation, please delete and destroy all copies Line: 14/62/78 of this Presentation, please delete and destroy all copies immediately. immediately. Some of the information in the Presentation is still in draft form and has not been independently verified. This Presentation is confidential, and all contents of this Presentation are to be kept strictly confidential until the publication of research in accordance with the applicable guidelines. Some of the information in the Presentation is still in draft form and has not been legally verified. Charts/Objects Color Scheme This Presentation contains certain forward-looking statements that may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “depends,” “projects,” “estimates” or other words of similar meaning and that involve risks and uncertainties. All statements that address expectations or projections about the future, including, but not limited to, This Presentation contains certain forward-looking statements that may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “depends,” “projects,” statements about the strategy for growth, product development, market position, expenditures, and financial results, are forward-looking statements. Forward-looking statements are based on “estimates” or other words of similar meaning and that involve risks and uncertainties. All statements that address expectations or projections about the future, including, but not limited to, 14 62 78 certain assumptions and expectations of future events which are subject to significant uncertainties and contingencies many of which are beyond the Company’s control. The Company does not statements about the strategy for growth, product development, market position, expenditures, and financial results, are forward-looking statements. Forward-looking statements are based on guarantee that these assumptions and expectations are accurate or will be realized. Past performance does not guarantee or predict future performance. Actual future performance, outcomes and certain assumptions and expectations of future events which are subject to significant uncertainties and contingencies many of which are beyond the Company’s control. The Company does not results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. guarantee that these assumptions and expectations are accurate or will be realized. Past performance does not guarantee or predict future performance. Actual future performance, outcomes and 20 92 118 results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, government policies and actions, interest rate trends, cost of capital and capital availability, competition, shifts in demand for tenancy, levels of tourism, amount of business travel, level of rental income from properties which may decrease for a number of reasons including the Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from other 27 123 157 lowering of rates, insolvency of tenants, delay in payment by tenants, changes in operating expenses including employee wages, benefits and training, governmental and public policy changes and companies, shifts in demand for tenancy, level of rental income from properties which may decrease for a number of reasons including the lowering of rates, insolvency of tenants, delay in the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which payment by tenants, changes in operating expenses including employee wages, benefits and training, governmental and public policy changes and the continued availability of financing in the are based on the current view of the Company on future events. The Company does not assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of the 140 140 140 subsequent developments, information or events, or otherwise. Company on future events. The Company does not assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise. The information in this Presentation has been prepared by the Company and has not been independently verified, approved or endorsed by any other party. No representation or warranty, express 190 190 190 or implied, is made as to, and no reliance, in whole or in part, should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions in this Presentation. It is not The information in this Presentation has been prepared by the Company and has not been independently verified, approved or endorsed by any underwriter, selling agent or advisor retained by the intended that these materials provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of Indonesian Paradise Property. The information and opinions Company. It is not intended that these materials provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of Indonesian Paradise Property or any in these materials are provided as at the date of this Presentation,