Circular - Lippo Malls Indonesia Retail Trust - Investor Relations

2. RECENT ACQUISITIONSLMIR Trust had recently completed the Recent Acquisitions, being the acquisitions ofPalembang Square, Palembang Square Extension, Tamini Square and KJI. For theavoidance of doubt, the Recent Acquisitions do not constitute Interested PersonTransactions under Chapter 9 of the Listing Manual, and the Manager is of the view thatthese acquisitions are made in the ordinary course of LMIR Trust’s business.2.1 Palembang Square2.1.1 Description of Palembang SquarePalembang Square is a four-level retail mall located in Palembang, South Sumatra,Indonesia, bearing the postal address Jalan Angkatan 45/POM IX, Lorok Pakjo SubDistrict, Ilir Barat 1 District, Palembang City, South Sumatera Province.Palembang Square is part of a mixed-use development consisting of a hotel, aproposed hospital and Palembang Square Extension and has an NLA (after thecompletion of a refurbishment and repositioning exercise) of 31,448 sq m.Its anchor tenants is well complemented by international and local specialty tenantswhich include restaurants, fashion labels, a cinema, bookstores, a video game centreand home furnishing store.The mall is currently undergoing an expansion and renovation program which isexpected to increase its NLA by more than 30%. The new expanded area will housea cinema and is also intended to include a karaoke and a game centre.The table below sets out a summary of selected information on Palembang Square (asat 30 June 2012 unless otherwise stated).Address/LocationTitle detailsJalan Angkatan 45/POM IX, Lorok Pakjo SubDistrict, Ilir Barat 1 District, Palembang City,South Sumatera Province, IndonesiaConsist of 389 strata title certificatesDescription/Existing Use A four-level retail mallParking bays573 car lots and 1,488 motorcycle lotsValidity period of HGB title Until 2 September 2039Year of completion2004of buildingOccupancy rate(as at 30 September 2012)Average gross rent (1)Number of tenants(as at 30 September 2012)96.2%Rp.88,000 psm per month115GFA (sq m) 44,850NLA (sq m) 23,665B-4