Circular - Lippo Malls Indonesia Retail Trust - Investor Relations

Pro forma capitalisationThe following table sets forth the pro forma capitalisation of LMIR Trust as at 30 June2012, as if LMIR Trust had purchased (i) the Recent Properties, (ii) the Recent Propertiesand Pejaten Village, (iii) the Recent Properties and Binjai Supermall, and (iv) the RecentProperties and the Proposed Properties on 30 June 2012.June 2012Portfolio (1) June 2012Portfolio withRecentAcquisitionsJune 2012Portfolio withRecentAcquisitions andPejaten VillageJune 2012Portfolio withRecentAcquisitions andBinjai SupermallJune 2012Portfolio withRecentAcquisitions andProposedAcquisitions(S$'000) (S$'000) (S$'000) (S$'000) (S$'000)Short term debt:Unsecured - - - - -Secured - - - - -Total short term debt - - - - -Long term debt:Unsecured - 194,000 296,000 231,000 333,000Secured 147,500 147,500 147,500 147,500 147,500Total long term debt 147,500 341,500 443,500 378,500 480,500Total debt 147,500 341,500 443,500 378,500 480,500Unitholders funds 1,215,527 1,215,527 1,215,527 1,215,527 1,215,527Total Capitalisation 1,363,027 1,557,027 1,659,027 1,594,027 1,696,027Note:(1) Based on the 6M2012 Unaudited Financial Statements.We make the following comments in relation to the various pro-forma financial effectsdisplayed above:(1) The pro forma NAV per Unit, in each instance analyzed, has not been impactedassuming completion of the Proposed Acquisitions.(2) The pro forma distribution yields generated by LMIR Trust fall assuming completion ofthe Proposed Acquisitions. However, we note that the pro-forma distribution yields arewithin the range of distribution yield figures exhibited by a selection of comparablecompanies in South East Asia:A-16