LMIRT Management Ltd., as manager of Lippo Malls Indonesia Retail Trust announced that Perpetual (Asia) Limited, has obtained a committed SGD 30 million revolving loan facility ("SGD 30 Million Facility") from Barclays Bank PLC which will be used for working capital requirements and/or repayment of any existing financial indebtedness. The SGD 30 Million Facility contains conditions making reference to and restrictions on the change in shareholding of PT Lippo Karawaci Tbk (the "Sponsor"), a controlling shareholder, in the capital of the Manager. Under the SGD 30 Million Facility, it would be a mandatory prepayment event, if at any time: the Manager ceases to be the manager of LMIR Trust and a replacement manager is not appointed in accordance with the terms of the Trust Deed constituting LMIR Trust; or the Sponsor and its subsidiaries cease to hold or control (directly or indirectly) more than 50% of the issued and paid-up share capital of the Manager (including any replacement manager); or the Manager (including any replacement manager) ceases to be a subsidiary of the Sponsor.