One - Lippo Malls Indonesia Retail Trust - Investor Relations

49Trustee’s ReportHSBC Institutional Trust Services (Singapore) Limited (the “Trustee”) is under a duty to take into custody and hold the assets of Lippo-Mapletree Indonesia Retail Trust (the “Trust”) and its subsidiaries (the “Group”) in trust for the holders (“Unitholders”) of the units in theTrust (the “Units”). In accordance with, inter alia, the Securities and Futures Act, Cap. 289 of Singapore, its subsidiary legislation and theCode on Collective Investment Schemes and the Listing Manual (collectively referred to as the “laws and regulations”), the Trustee shallmonitor the activities of Lippo-Mapletree Indonesia Retail Trust Management Ltd (the “Manager”) for compliance with the limitationsimposed on the investment and borrowing powers as set out in the trust deed dated 8 August 2007 (the “Trust Deed”) between theManager and the Trustee in each annual accounting period and report thereon to Unitholders in an annual report.To the best knowledge of the Trustee, the Manager has, in all material respects, managed the Group during the period covered by thesefi nancial statements, set out on pages 52 to 102 in accordance with the limitations imposed on the investment and borrowing powers setout in the Trust Deed.For and on behalf of the Trustee,HSBC Institutional Trust Services (Singapore) LimitedJohannes Van VerreDirectorSingapore18 March 2010