Circular - Lippo Malls Indonesia Retail Trust - Investor Relations

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Occupancy rate (as at30 September 2012)Average gross rent (1)Number of tenants (as at 30September 2012)96.3%Rp.151,000 psm per month147GFA (sq m) 91,749NLA (sq m) 41,847 as at 30 June 2012Gross revenue for 6M2012 Rp.47.3 billion (2)Net property income for6M2012EncumbrancesValuation by KJPP WR (4)Valuation by KJPP RHP (5)Restriction in interest (6)Notes:1.2 Binjai SupermallRp.35.0 billion (3)NilRp.870.15 billionRp.841.00 billionNil(1) This is computed by taking the average of the gross rent (excluding service charge) for 6M2012.(2) Comprises gross rental income, car park income and other income pertaining to Pejaten Villageincluding service charge.(3) Excludes depreciation of investment property for Pejaten Village.(4) Based on KJPP WR’s valuation report dated 30 June 2012.(5) Based on KJPP RHP’s valuation report dated 30 June 2012.(6) Restriction in interest is a limitation imposed by any state authority in Indonesia on the powers andrights of a registered proprietor to deal with the land including restriction on the right to transfer,charge and/or encumber the land and/or the building.1.2.1 Description of Binjai SupermallBuilt in 2007, Binjai Supermall is the first and only modern retail mall in Binjai City.Binjai Supermall is a three-level retail mall, and is currently undergoing an expansionand renovation program which is expected to increase its NLA by more than 25% byend 2012.Binjai Supermall is prominently located along the main road which connects the Binjaiand Medan city, and bears the postal address Jalan Soekarno Hatta No. 14, Timbanglangkat Sub District, East Binjai District, Binjai City, North Sumatra, Indonesia. Theretail mall is positioned as a lifestyle mall for the middle to upper middle incomesegments of the retail market. Binjai Supermall targets a wide range of customers,including families, business professionals as well as teenagers.The tenants of Binjai Supermall include well known domestic and Internationalretailers and brand names such as Matahari Department Store, Gramedia, Hypermart,Texas Chicken and Dunkin Donuts.B-2
The table below sets out a summary of selected information on Binjai Supermall (asat 30 June 2012 unless otherwise stated).Address/LocationTitle detailsDescription/Existing UseParking baysValidity period of land titlesYear of completionof buildingOccupancy rate (as at 30September 2012)Average gross rent (1)Number of tenants (as at 30September 2012)Jalan Soekarno Hatta No.14, Timbang LangkatSub District, East Binjai District, Binjai City, NorthSumatra Province, IndonesiaSHGB No. 93 with an area of 13,267 sq mA three-level retail mall591 car lots and 850 motorcycle lotsUntil 2 September 2016, and may be extendablefor 20 years200791.2%Rp.83,000 psm per month83GFA (sq m) 37,332NLA (sq m) (as at 30 June2012)Gross revenue for the6M2012Net property income for6M2012EncumbrancesValuation by KJPP WR (4)Valuation by KJPP RHP (5)Restriction in interest (6)Notes:17,787Rp.12.6 billion (2)Rp.4.4 billion (3)NilRp.253.90 billionRp.247.00 billionNil(1) This is computed by taking the average of the gross rent (excluding service charge) for 6M2012.(2) Comprises gross rental income, car park income and other income pertaining to Binjai Supermallincluding service charge.(3) Excludes depreciation of investment property for Binjai Supermall.(4) Based on KJPP WR’s valuation report dated 30 June 2012.(5) Based on KJPP RHP’s valuation report dated 30 June 2012.(6) Restriction in interest is a limitation imposed by any state authority in Indonesia on the powers andrights of a registered proprietor to deal with the land including restriction on the right to transfer,charge and/or encumber the land and/or building.B-3
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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
Page 29 and 30: (iii)The relative figures for each
Page 31 and 32: Therefore, each of the Pejaten Vill
Page 33 and 34: 4.6. Interests of Directors and Sub
Page 35 and 36: The reduction in the absolute amoun
Page 37 and 38: 5.2. Six months ended 30 June 2012P
Page 39 and 40: The maximum possible increase in th
Page 41 and 42: (v)(vi)LMIR Trust appoints an indep
Page 43 and 44: 7.3. On the Whitewash ResolutionThe
Page 45 and 46: IMPORTANT NOTICEThe value of Units
Page 47 and 48: (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: APPENDIX BINFORMATION ABOUT THE ENL
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 and 100: Usage Mix (by Rental Income for the
Page 101 and 102: APPENDIX CTAX CONSIDERATIONSThe fol
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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