Investor Presentaiton

OVERVIEW OF JAKARTA'S CONDOMINIUM MARKET COLIPPO PT LIPPO KARAWACI TBK Around 4,100 units sold in the year-to-date 18,000 16,000 14,000 12,000 10,000 8,000 Units 6,000 4,000 2,000 Strong demand for all market segments as the market recovered Impact of GFC felt strongest in 2009 Average annual sales: 8,600 units Weakening Average sales rate has fallen steadily in recent quarters but remains healthy compared to many other markets. 82% in 3Q15 Vs 70% in 3Q16 demand 45,000 100% 40,000 35,000 Average sales rate: 70% 80% 30,000 60% 25,000 • 20,000 40% 15,000 10,000 20% 5,000 0 0% Lower Middle Grade Middle Grade Upper Grade Proposed Total Sold Sales Rate 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 - Ytd Prices remain largely flat amidst relatively weak demand IDR per sq m 60,000,000 55,000,000 50,000,000 45,000,000 40,000,000 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 In periods of weaker demand, primary market prices are unlikely to fall Strong post-GFC demand translated into healthy price growth in most market segments 3011 2011 1011 4Q10 3Q10 2Q10 1010 4Q09 3009 2009 1Q09 Lower middle 4011 3Q12 2012 1012 Middle 4013 3013 2013 1013 4Q12 Upper High-end 3016 2016 1Q16 4015 3015 2015 1015 4014 3Q14 2014 1014 -Luxury Existing Supply: + 119,000 units Sales Rate: 98% Jakarta Condominium Market Future Supply: + 68,000 units Sold Units Sold Units Sales Rate: 70% Source Q3'2016 Market Review for Jakarta Jones Lang LaSalle Research 48

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