Investor Presentaiton

LPKR's trading performance LPKR historical Price / NAV per share post global financial crisis Rp 2,000 1,500 1,000 500 имини QOLIPPO PT LIPPO KARAWACI TBK Period Price / NAV average Min Average Max 2015 1.3X 1.6X 1.9X 2017 0.5X 0.8X 1.0X 2019 0.2X 0.5X 0.7X 0 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 INAV per share LPKR Share Price Price to Book as of 28 February 2020(1) (x) 1.80 1.70 PT. Pakuwon Jati Tbk. summarecon Wunderful Life-Wonderful World 1.17 CIPUTRA Average: 0.84 0.67 0.55 0.31 0.28 0.24 BSDCITY QOLIPPO PT LIPPO KARAWACI TBK Ab Alam Sutera Big City. Big Opportunity AGUNG PODOMORO LAND Source: Market data extracted from Bloomberg and FactSet as of 28 February 2020. Note: (1) Peers average determined based on the simple average P/BV ratio of Summarecon, Pakuwon, Ciputra, Bumi Serpong, Alam Sutera, Agung Podomoro and Modernland MODERNLAND PT MODERNLAND REALTY Tbk 77

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