Circular - Lippo Malls Indonesia Retail Trust - Investor Relations

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The table below sets out a summary of selected information on Palembang SquareExtension (as at 30 June 2012 unless otherwise stated).Address/LocationTitle detailsDescription/Existing UseParking baysValidity period of the BOTAgreementYear of completionof buildingOccupancy rate (as at 30September 2012)Average gross rent (1)Number of tenants (as at 30September 2012)Jalan Angkatan 45/POM IX, Lorok Pakjo SubDistrict, Ilir Barat 1 District, Palembang City,South Sumatera Province, IndonesiaRight to Use (Hak Pakai) No. 419/Lorok Pakjounder the name of Provincial Government ofSouth Sumatera (which currently is in the processof being converted into Right to Manage (HakPengelolaan) 1A two-level retail mall (including one undergroundlevel) with a bridge250 car lots and 800 motorcycle lotsUntil 25 January 2041201290.6%Rp.188,000 psm per month35GFA (sq m) 45,886NLA (sq m) 17,326Gross revenue for the6M2012Net property income for6M2012EncumbrancesValuation by KJPP RHP (4)Restriction in interest (5)Notes:Rp.5.7 billion (2)Rp.2.5 billion (3)NilRp.232 billionApproval from the Government of South SumateraProvince(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 Palembang SquareExtension including service charge.(3) Excludes depreciation of investment property for Palembang Square Extension.(4) Based on KJPP RHP’s valuation report dated 30 June 2012.(5) 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.1 Based on the BOT Agreement, the BOT Grantor has granted the BOT Grantee a right to develop and manage landwith an area over 23,285 sq m. The total area of the Right to Use (Hak Pakai) No. 419/Lorok Pakjo which is currentlyin the process of being converted into Right to Manage (Hak Pengelolaan) in the name of the BOT Grantor is 16,256sq m. In addition, based on information from the BOT Grantee, the BOT Grantor is currently in the process ofapplying for the Right to Manage (Hak Pengelolaan) in relation to an additional area of 7,055 sq m. In suchoccurrence, the total area for the Right to Manage (Hak Pengelolaan) that will be owned by the BOT Grantor is23,311 sq m.B-6
2.3 Tamini Square2.3.1 Description of Tamini SquareTamini Square is a seven-level (including two basement levels) strata titled retail malllocated in the city of Jakarta, Indonesia, bearing the postal address Jalan Raya TamanMini Pintu 1 No. 15, Pinang Ranti Sub District, Makasar District, East Jakarta Region,DKI Jakarta Province).The retail mall is located within close proximity to one of Jakarta’s popular touristdestinations Taman Mini Indonesia Indah, which is a culture-based recreationalattraction in east Jakarta and draws large shopping and dining traffic daily.LMIR Trust has acquired 37 strata title units (Hak Milik Atas Satuan Rumah Susun) inTamini Square aggregating a total NLA of 17,475 sq m (representing 44% of the totalNLA of Tamini Square). The units are currently fully occupied by anchor tenant suchas Carrefour, Pizza Hut and other well known specialty tenants in the F&B sector.The strata title units are built on a plot of land with a HGB title with an expiry date of28 April 2025.The table below sets out a summary of selected information on Tamini Square (as at30 June 2012 unless otherwise stated).Address/LocationTitle detailsDescription/Existing UseParking baysValidity period of HGB titlesYear of completionof buildingOccupancy rate(as at 30 September 2012)Average gross rent (1)Number of tenants(as at 30 September 2012)Jalan Raya Taman Mini Pintu 1 No. 15, PinangRanti Sub District, Makasar District, East JakartaRegion, DKI Jakarta Province, IndonesiaConsist of 37 strata title certificatesA seven-level retail mall including two basementlevels902 car lots and 992 motorcycle lotsUntil 26 September 2015, and may be extendablefor 20 years2006100%Rp.72,500 psm per month13GFA (sq m) 18,963NLA (sq m) 17,475Gross revenue for the6M2012Net property income for6M2012EncumbrancesValuation by KJPP RHP (4)Restriction in interest (5)Rp.10.5 billion (2)Rp.8.8 billion (3)NilRp.235.00 billionNilB-7
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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
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 and 80: APPENDIX BINFORMATION ABOUT THE ENL
Page 81 and 82: The table below sets out a summary
Page 83: Gross revenue for 6M2012 Rp.23.6 bi
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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