Investor Presentaiton

Asset Enhancement Initiatives Recent AEI track record LMIR Trust has demonstrated a track record of specific value enhancing initiatives to drive positive rental reversions in the portfolio AEI completed in 4Q2017A: Istana Plaza AEI completed in 1Q2019A: Cibubur Junction AEI completed in 1Q2020A: Pluit Village Date of work commencement Completion date Details 4Q2016 4Q2017 ■Construction of an extension to increase its NLA and increase motorcycles parking lots ■The increased NLA was leased to a Cinema, various new specialty tenants and a new food court AEI to be completed in 2021: Sun Plaza Date of work commencement Completion date Details 2Q2018 1Q2019 ■Conversion of anchor space into new food court and space for a big tenant completed in 4Q2018 ■Conversion of former food court into specialty restaurants completed in 1Q2019 ■ Overall, the F&B mix and average rental rate ("ARR") were improved Planned AEI: Gajah Mada Plaza Date of work commencement Completion date Details ■Identified as our next major AEI. The mall is more than 30 years old and requires a major refurbishment to revamp both its external façade and interiors. The AEI is in the planning process and is expected to commence in 3Q2021 Planned AEI: The Plaza Semanggi ■The AEI involves major refurbishment of the mall's external façade and interiors, reconfiguration of the mall's layout and the upgrade of amenities. The AEI is expected to commence at the end of 2021 1Q2019 1Q2020 ■ Replacement of anchor tenant space into new F&B district consisting of 3 lifestyle dining concepts, alfresco, indoor and island dining ■Target to improve F&B tenancy mix in the mall and the ARR as compared to previous anchor tenant rate. ■ As of commencement, we have already secured 50% of total leases • LMIRT Manager works closely with the Property Manager to actively refresh and reconfigure the layout of retail malls and retail spaces and tenant mix in order to maximize the retail offering and drive footfall at each retail mall and retail space Date of work commencement Expected completion date Details 4Q2018 2021 ■The AEI involves major refurbishment of the existing mall including a complete revamp of the external façade and interiors, reconfiguration of the mall's layout to maximise space and the creation of additional atrium space. The refurbishment is expected to be completed in 2021 31

View entire presentation