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

Exchange rates and exchange controls(1) For full years, the average shown is calculated based on the middle exchange rate by Bloomberg onthe last day of each month during the year indicated. For monthly averages from January 2007 toSeptember 2007, the average shown is calculated based on the daily middle exchange rates duringthe month indicated.(2) For full years, the high and low amounts are determined based on the month-end middle exchangerate by Bloomberg during the year indicated. The high and low figures for 1 January 2007 to30 September 2007 are determined based on the daily middle exchange rates during the monthindicated.Source: BloombergCurrently, no exchange control restrictions exist in Indonesia. The Indonesian Rupiah has been, and ingeneral is, freely convertible. Bank Indonesia has introduced regulations to restrict the movement ofIndonesian Rupiah from banks within Indonesia to banks domiciled outside Indonesia or to an offshorebranch or office of an Indonesian bank, or any investment in Rupiah denomination with foreign parties and/or Indonesian citizens domiciled or permanently residing outside Indonesia without underlying trade orinvestment reasons, thereby limiting offshore trading to existing sources of liquidity. In addition, BankIndonesia has the authority to request information and data concerning the foreign exchange activities ofall people and legal entities that are domiciled, or who plan to reside, in Indonesia for at least one year.Bank Indonesia regulations also require resident banks and companies that have total assets or totalannual gross revenues of at least Rp. 100 billion to report to Bank Indonesia all data concerning theirforeign currency activities, if the transaction is not conducted via a domestic bank or domestic non-bankfinancial institution (for example, insurance companies, securities companies, finance companies, orventure capital companies). However, if the transaction is conducted via a domestic bank and/or domesticnon-bank financial institution, the requirement to report to Bank Indonesia is imposed on the relevantIndonesian banks or non-bank financial institutions that carried out the transaction. The transactions thatmust be reported include receipt and payment of foreign currency through bank accounts outside ofIndonesia.94