Property Marketing and Sales Review

Simplified organization and refocused strategy GOLIPPO Revised strategy focused on disciplined capital allocation approach across segments and supported by efficient asset rotation PT LIPPO KARAWACI TOK Capital Allocation Strategy HoldCo ■ No increase in head office personal expenses over the next 3 years Focused business strategy base off operational excellence, transparency and strong governance structure Land Banking & Development ■ Asset monetization vs. Land acquisition: projects being effectively self-funded by leveraging on LPKR's existing landbank and future marketing sales ■ Value vs Volume: focus on new landed projects with shorter time frame for completion ■New projects focused around 3 core areas: Karawaci, Makassar and Cikarang where LPKR has differentiated landbank assets Real Estate Management & Services ■ROCE-accretive growth ■ Operating and efficiency improvement targeting substantial EBITDA margin improvement Active asset recycling / disposal strategy Investments and Fund Management Active approach to managing proprietary portfolio of assets as well as 3rd party assets ■ Explore alternative avenues to recycle capital Incremental capital requirement limited to seeding minority position in new funds Active portfolio management strategy to be executed with Rp3.5 trillion worth of non-core assets (excl. sale of Puri Mall) identified for ROCE-accretive disposals 7

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