Circular - Lippo Malls Indonesia Retail Trust - Investor Relations

VALUATION CERTIFICATEProperty Description Indicative Market Valueas at 30 June 2012Property BriefSite Detail and TenureIDR 841,000,000,000/-The subject property is Pejaten The site is irregular in shape with an area of (EIGHT HUNDRED FORTYVillage Mall (PV) with total netleasable area of 41,847 squaremeters (excluding casual leasingabout 18,662 square meters. The frontage toJalan Warung Jati Barat is about 120 meters andto Jalan Pejaten Raya is about 100 meters. TheONE BILLION RUPIAHS)area of about 324 square site is generally flat and higher than the frontingmeters).road.LocationPV is located at Jalan Warung JatiBarat No. 39, Jati Padang SubDistrict, Pasar Minggu District,South Jakarta, DKI JakartaProvince, Indonesia. It is on thesouth side of Jalan Warung JatiBarat and on west side of JalanWarung Jati Barat, or within radiusof: about 1,6 kilometers to thesouth of intersection betweenJalan Warung Jati Barat andJalan TB Simatupang or outerring toll road; about 4.7 kilometers to thesouth of intersection betweenJalan Mampang Prapatanwhich is the prolongation ofJalan Warung Jati Barat tothe north and Jalan JenderalGatot Subroto or inner city tollroad; about 11,5 kilometers to thesouth of Monumen Nasional(Monas);Based on the photocopy of the land titledocument provided by PV, we understand thatthe PV is covered under 3 (three) LeaseholdCertificate (Hak Guna Bangunan Certificate –“SHGB”) registered under the name of PT PancaPermata Pejaten, as described below:HGB NoNo. 742No. 1223No. 1224Issuance &Expiry Date4-11-1997 &3-11-202711-03-2002 &10-03-202211-03-2002 &10-03-2022Land Area(sqm)15,2347082,720Total 18,662Building DescriptionPejaten Village is a 6-storey building retail mallwith gross building area is about 91,749 squaremeters and net leasable area of about 41,847square meters (excluding casual leasing area ofabout 324 square meters). The parking capacityis 851 lots for car and 550 lots for motor cycle.VALUATION & ADVISORY SERVICESivD-6