LMIRT Management Ltd., in its capacity as manager of Lippo Malls Indonesia Retail Trust, announced that LMIR Trust, through its wholly-owned subsidiary, has obtained a secured amortising term loan facility of up to IDR 2,500,000,000,000 (equivalent to SGD 215,572,9931) with an average life of approximately 6 years based on terms and conditions set out in a facility agreement dated 11 December 2023 (the "Facility Agreement") (the "Facility"). The proceeds from the Facility will be used to finance (i) the purchase of the outstanding 7.25%. Senior Notes due 2024 (the "2024 Notes"); (ii) the purchase of the outstanding 7.50%.

Senior Notes due 2026 (the "2026 Notes"); (iii) the payment of the consent fee pursuant to a consent solicitation in relation to the 2024 Notes (the "2024 Notes Consent Solicitation"); (iv) the payment of the consent fee pursuant to a consent solicitation in relation to the 2026 Notes (the "2026 Notes Consent Solicitation"); and (v) other related fees and expenses. The 2024 Notes and the 2026 Notes are both issued by LMIRT Capital Pte. Ltd. and unconditionally and irrevocably guaranteed by Perpetual (Asia) Limited (in its capacity as trustee of LMIR Trust) (including any accrued interest).

The drawdown of the Facility is conditional upon obtaining requisite consents from the holders of the 2024 Notes pursuant to the 2024 Notes Consent Solicitation and the holders of the 2026 Notes pursuant to the 2026 Notes Consent Solicitation. Pursuant to Rule 704(31) of the Listing Manual of the Singapore Exchange Securities Trading Limited (the "SGX-ST"), the Facility Agreement includes a condition whereby a mandatory prepayment event ("Prepayment Event") occurs if: PT Lippo Karawaci Tbk ("LPKR") ceases to be the substantial unitholder2 of LMIR Trust and the ultimate shareholder/owner of LPKR as stipulated in its disclosure document which has been submitted by LPKR to the relevant capital market institution which can be accessed by the public, as at the date of the Facility Agreement, is no longer the ultimate shareholder. LPKR is no longer the ultimate shareholder3 (whether directly or indirectly) of LMIRT Management Ltd. Should a Prepayment Event occur, the aggregate level of loan facilities of LMIR Trust that may be affected as at the date of this announcement is approximately SGD 359,000,000 (excluding interest).

Meanwhile, the aggregate level of loan facilities of LMIRT Capital Pte. Ltd. that may be affected as at the date of this announcement is approximately SGD 653,837,000. For the avoidance of doubt, this does not take into account the amount of the loan facilities which have not been drawn down, including in respect of the Facility.