Property Marketing and Sales Review

Holdco Hedging Strategy BOND 2025 15,000 Hedging SOLIPPO PT LIPPO KARAWACI TOK 16,000 17,500 BOND 2026 15,000 16,000 17,500 COUPON 2026* 13,300 Hedged Description Amount ($m) (Rp) Lower Strike Upper Strike (Rp) Maturity Bond 2025 420 15,000 17,500 Jan-25 Bond 2026 417 15,000 17,500 Oct-26 Coupon 2026* 417 13,300 15,500 Oct-26 15,500 17,000 Unhedged The Company enters into non- deliverable USD call spread options to protect our USD denominated bonds principal & coupon payments. *2026 coupon hedge has cap of Rp17,000. There will be no coverage if USD/IDR exchange rate goes beyond Rp17,000. Note: Subsequently we recalled our hedges of principal in 1020 for a gain of more than Rp860 billion and changed them to collar hedges at Rp15,000 to Rp17,500 39

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