Investor Presentaiton

Currency risk is offset by our hedging strategy BOND 2022 BOND 2026 COUPON 2026 11,500 Hedging SOLIPPO PT LIPPO KARAWACI TOK 14,000 17,000 11,500 14,500 13,300 Hedged Description Amount ($m) Lower Upper Strike (Rp) Strike (Rp) Maturity Bond 2022 409.3 11,500 14,000 Apr-22 Bond 2026 417 11,500 14,500 Oct-26 Coupon 2026 417 13,300 17,000 Oct-26 17,000 15,500 17,000 Unhedged From time to time, the Company enters into non-deliverable USD call spread options to protect our USD denominated bonds principal & coupon payments. Note: Subsequently we recalled our hedges of principal in 1Q20 for a gain of more than $60 million and changed them to collar hedges at Rp15,000 to Rp17,500 32

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