Investor Presentaiton

Selective Acquisitions & Divestments LMIR Trust undertakes active portfolio and asset management strategies, which involve ongoing review of potential strategic acquisitions and selective asset divestments opportunities to constantly rejuvenate the portfolio and augment organic growth Unlocking Value with Divestments Pejaten Village - Divestment completed on 30 Jul 2020 Purchase Consideration Rp748.0 billion Binjai Supermall - - Divestment completed on 3 Aug 2020 Purchase Consideration Rp237.5 billion in 2012 XXI in 2012 Sale Rp890.6 billion Binjas Consideration Sale Rp262.0 billion Consideration • The total proceeds from these divestments = Rp1, 152.6 billion (c.S$113.2 million) Divestments has boosted LMIR Trust's cash balances for greater financial flexibility Value Creation Through Investment in Accretive Assets Lippo Mall Puri - Acquisition completed on 27 Jan 2021 LIPPOMALL Purchase Consideration NLA Occupancy Rate Rp3,500 billion (S$330.6 million) 9.47% discount to average of two independent valuations 116,014 sq m (122,862 sq m upon restoration of the P2 Space) @ 30 Jun 2020 91.9% (89.9% upon restoration of P2 Space) @ 30 Jun 2020 90.8% (88.8% upon restoration of P2 Space) @ 30 Sep 2020(1) (1) As at 30 Sep 2020, after adjusting for any tenants that have given early termination notices but are still physically operating within the Property, and including any new leases signed to occupy retail spaces that will be vacated as a consequence of such early termination, the Property's adjusted occupied area amounts to 103,124 sq m and consequently, the adjusted occupancy rate stands at 85.6% excluding P2 Space. Including P2 Space, the Property's adjusted occupancy rate stands at 83.9%. 32 32

View entire presentation