LIPPO-MAPLETREE - Lippo Malls Indonesia Retail Trust - Investor ...

Ownership of UnitsPRINCIPAL UNITHOLDERS OF LMIR TRUST AND THEIR UNITHOLDINGSThe following table sets out the principal Unitholders of LMIR Trust and their Unitholdings immediatelyafter the Offering and the issuance of Cornerstone Units:Units owned afterOffering (assuming thatthe Over-allotment Optionis not exercised)Units owned afterOffering (assuming thatthe Over-allotment Optionis exercised in full)(’000) (%) (’000) (%)Lippo Strategic (1) . . . . . . . . . . . . . . . . . . . . . . . . 287,695 27.1 190,875 18.0Mapletree LM (2) . . . . . . . . . . . . . . . . . . . . . . . . . 127,250 12.0 127,250 12.0Total for Cornerstone Investors . . . . . . . . . . . . 414,945 39.1 318,125 30.0Public and institutional investors . . . . . . . . . . . . . 645,469 60.9 742,289 70.0Total ................................. 1,060,414 100.0 1,060,414 100.0Notes:(1) Lippo Holdings Inc, Lippo Capital Limited, Lippo Cayman Limited and Lanius Ltd are deemed to haveinterests in the Cornerstone Units held by Lippo Strategic due to their direct or indirect (as the casemay be) interests in Lippo Strategic.(2) MIPL and Mapletree Dextra are deemed to have interests in the Cornerstone Units held by MapletreeLM due to their direct or indirect (as the case may be) interests in Mapletree LM.Concurrently with but separate from the Offering, the Cornerstone Investors will receive an aggregate of414,945,000 Cornerstone Units constituting approximately 39.1% of the total issued Units as at the ListingDate, of which up to 96,820,000 Units, which constitute approximately 9.1% of the Units expected to beissued on the Listing Date, will be lent to the Underwriters by Lippo Strategic (as the Unit Lender) inconnection with the Over-allotment Option.Lippo Strategic (also the Unit Lender), Lippo Holdings Inc, Lippo Capital Limited, Lippo Cayman Limited,Lanius Ltd, MIPL, Mapletree Dextra Pte Ltd and Mapletree LM have on 9 November 2007 agreed to certainlock-up periods in respect of their direct or indirect interests (as the case may be) in their respectiveinterests in their Cornerstone Units, as at Listing Date, subject to certain exceptions (see “Plan ofDistribution—Lock-up Arrangements”).The Cornerstone Investors (as set out below) have entered into Cornerstone Subscription Agreementswith the Manager to subscribe for an aggregate of 414,945,000 Cornerstone Units at the Offering Price,conditional upon the Underwriting Agreement having been entered into and not having been terminatedpursuant to its terms on or prior to the Listing Date.INFORMATION ON THE CORNERSTONE INVESTORSLippo StrategicLippo Strategic, a wholly-owned subsidiary of Lippo Holdings Inc, is a limited liability companyincorporated in the British Virgin Islands on 2 March 2007. Lippo Holdings Inc is wholly-owned byLippo Capital Limited, which is in turn wholly-owned by Lippo Cayman Limited. Lanius Ltd is the registeredand legal owner of the entire issued share capital of Lippo Cayman Limited.Lanius Ltd is the trustee of a discretionary trust of which Dr Mochtar Riady is the founder. The share capitalof Lippo Cayman Limited are assets comprised in such trust. The beneficiaries of the trust includeDr Mochtar Riady and his family members.Lippo Strategic will be subscribing for 287,695,000 Units, representing 27.1% of the total issued Units ofLMIR Trust as at the Listing Date.89