Landed Residential Portfolio

1 2 Selling of Non-Core Assets Non-Core Assets . intiland Non-core assets are the assets that have not been planned to be developed in the next 5 years. In line with the deleveraging strategy, the Company is focusing on selling the non-core assets to enhance the liquidity and profitability of the Company. . 9% share ownership in PT Putra Sinar Permaja (South Quarter, Jakarta) Office building in Surabaya Divestment of Non-Core • ~30 ha land in Pantai Timur, Surabaya Assets in 2019 • ~9.3 ha land in Gunung Anyar, Surabaya 50% share ownership in PT Surabaya Jasa Medika (National Hospital, Surabaya) Use of Proceeds • Divestment of Non-Core Assets in 1020 Total transaction value from selling the non-core assets in 2019 was ~IDR 1.3tn The proceeds from selling of the non-core assets were used for loan repayment and additional working capital to strengthen the Company's financial position. ~3.2 ha land in Gunung Anyar, Surabaya Total transaction value from selling the non-core assets was ~IDR 58.3bn 27

View entire presentation