Circular - Lippo Malls Indonesia Retail Trust - Investor Relations

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4.3 Top Ten Tenants of the Enlarged PortfolioThe table below sets out selected information about the top ten tenants of the EnlargedPortfolio by NLA and total Rental Income (excluding retail turnover rent) as at 30 June 2012and for the month of June 2012 respectively.No Top ten tenants of the Enlarged Portfolio (by NLA as at 30 June 2012) %1 Matahari Department Store (Retail Spaces + Retail Malls) 27.4%2 Hypermart 7.8%3 Carrefour 7.1%4 XXI Cineplex 2.4%5 SOGO Department Store 2.2%6 Gramedia 1.7%7 Giant Super Store 1.4%8 Millenium International Executive Club 1.2%9 Centro 1.1%10 Electronic Solution 1.1%Note:(1) The table above does not take into account the Binjai Units which are owned by MPP.No.Top ten tenants of the Enlarged Portfolio(by total Rental Income for the month of June 2012) %1 Matahari Department Store (Retail Spaces + Retail Malls) 23.0%2 Carrefour 4.3%3 Hypermart 3.0%4 Gramedia 1.0%5 Fitness First 1.0%6 Solaria 0.9%7 Centro 0.7%8 Timezone 0.7%9 Cinema 21 0.6%10 Electronic Solution 0.2%Note:(1) The table above does not take into account the Binjai Units which are owned by MPP.B-22
APPENDIX CTAX CONSIDERATIONSThe following summary of certain Singapore income tax considerations to Unitholders in respectof the Proposed Acquisitions is based upon tax laws, regulations, rulings and decisions now ineffect, all of which are subject to change (possibly with retroactive effect). This summary is not atax advice and does not purport to be a comprehensive description of all the tax considerationsthat may be relevant to Unitholders. Unitholders should consult their own tax advisers on the taximplications that may apply to their own individual circumstances.SINGAPORE INCOME TAXIncome derived from the Proposed PropertiesThe rental income and other related income earned from the Proposed Properties will be receivedin Singapore by the relevant Singapore subsidiaries in a combination of some of the followingforms:(i)(ii)(iii)dividend income;interest income; andproceeds from repayment of shareholder’s loans.Any dividend income received in Singapore by the relevant Singapore subsidiaries from PPP andACU (the “Foreign Dividend Income”) will be exempt from tax under section 13(8) of the IncomeTax Act, Chapter 134 of Singapore (the “Income Tax Act”), provided that each of the relevantSingapore subsidiaries is a tax resident of Singapore and the following conditions are met:(i)(ii)(iii)in the year the Foreign Dividend Income is received in Singapore, the headline corporate taxrate of the jurisdiction from which it is received is at least 15.0%;the Foreign Dividend Income has been subjected to tax in the jurisdiction from which it isreceived; andthe Singapore Comptroller of Income Tax is satisfied that the tax exemption would bebeneficial to the relevant Singapore subsidiary.The relevant Singapore subsidiaries in respect of the Proposed Properties will make anapplication to the Inland Revenue Authority of Singapore to exempt the interest income receivedin Singapore from PPP and ACU from Singapore income tax under section 13(12) of the IncomeTax Act.This tax exemption, if granted to the relevant Singapore subsidiaries, will be subject to stipulatedconditions and will only apply to interest income received in Singapore on or before 31 March2015. Unless the tax exemption is subsequently extended by the Singapore Government, any ofsuch interest income received in Singapore after 31 March 2015 will be subject to Singaporeincome tax at the prevailing corporate rate of tax, currently 17.0%.Cash that cannot be repatriated by PPP and ACU in the form of dividends may be used by theseIndonesian subsidiaries to repay the principal amount of shareholder’s loans. The proceeds fromthe repayment of shareholder’s loans received in Singapore by the relevant Singaporesubsidiaries are capital receipts and hence not subject to Singapore income tax.C-1
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CIRCULAR DATED 26 NOVEMBER 2012THIS
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TABLE OF CONTENTSPageCORPORATE INFO
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SUMMARYThe following summary is qua
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Key Benefits of the Proposed Acquis
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METHOD OF FINANCINGThe Manager inte
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RESOLUTION 2: PROPOSED ACQUISITION
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INDICATIVE TIMETABLEThe timetable f
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and are in line with the Manager’
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KJPP WR and KJPP RHP were appointed
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Acquisition is an Interested Party
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The Trustee had, on 23 October 2012
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(vi)the lease agreement made by and
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Based on the Manager’s experience
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(iii)The relative figures for each
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Therefore, each of the Pejaten Vill
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4.6. Interests of Directors and Sub
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The reduction in the absolute amoun
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5.2. Six months ended 30 June 2012P
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The maximum possible increase in th
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(v)(vi)LMIR Trust appoints an indep
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7.3. On the Whitewash ResolutionThe
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IMPORTANT NOTICEThe value of Units
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(viii) other investments not covere
Page 49 and 50: EGM : The extraordinary general mee
Page 51 and 52: Mandatory Offer : A general offer m
Page 53 and 54: Sea Pejaten : Sea Pejaten Pte. Ltd.
Page 55 and 56: APPENDIX AINDEPENDENT FINANCIAL ADV
Page 57 and 58: The Manager intends to finance the
Page 59 and 60: “6.3. Rationale for the Whitewash
Page 61 and 62: We have relied upon the representat
Page 63 and 64: 2.1.2. Opportunity to Enhance the E
Page 65 and 66: The Valuation Reports assess: the m
Page 67 and 68: Based on the financial year ended 3
Page 69 and 70: Six months ended 30 June 2012Pro-fo
Page 71 and 72: Selected comparable companies in So
Page 73 and 74: (i)(ii)all and any losses which the
Page 75 and 76: AnnouncementDateCompletionDateREITP
Page 77 and 78: The Independent Directors should no
Page 79 and 80: APPENDIX BINFORMATION ABOUT THE ENL
Page 81 and 82: The table below sets out a summary
Page 83 and 84: Gross revenue for 6M2012 Rp.23.6 bi
Page 85 and 86: 2.3 Tamini Square2.3.1 Description
Page 87 and 88: Occupancy rate (as at 30September 2
Page 89 and 90: The mall has a good tenancy mix whi
Page 91 and 92: (5) Ekalokasari PlazaEkalokasari Pl
Page 93 and 94: (10) Plaza Medan FairPlaza Medan Fa
Page 95 and 96: Malang Town Square, in which Malang
Page 97 and 98: 3.3 Major Usage Mix for the Septemb
Page 99: Usage Mix (by Rental Income for the
Page 103 and 104: APPENDIX DSUMMARY VALUATION REPORTS
Page 105 and 106: To : HSBC Institutional Trust Servi
Page 107 and 108: forecasts of income, expenses and c
Page 109 and 110: D-7
Page 111 and 112: To : HSBC Institutional Trust Servi
Page 113 and 114: forecasts of income, expenses and c
Page 115 and 116: APPENDIX EEXISTING INTERESTED PERSO
Page 117 and 118: APPENDIX FRELATED TENANCY AGREEMENT
Page 119 and 120: NOTICE OF EXTRAORDINARY GENERAL MEE
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Circular - Lippo Malls Indonesia Retail Trust - Investor Relations

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