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Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackAug 11, 2009
Part I
1. Date of notice to issuer 11/08/2009
2. Name of Substantial Shareholder Temasek Holdings (Private) Limited
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Deemed Interest 05/08/2009
2. The change in the percentage level From 12.85 % To 13.04 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

On 5 August 2009, Lippo-Mapletree Indonesia Retail Trust Management Ltd. ("LMIRTM") as manager of Lippo-Mapletree Indonesia Retail Trust ("LMIR") received 1,927,798 new units of LMIR ("Units") issued at an average price of S$0.3834 per Unit in payment of the performance fee component of its management fees. Since May 2008, LMIRTM received a total of 12,741,253 new Units.

LMIRTM is 40% owned by Mapletree Capital Management Pte. Ltd., a wholly owned subsidiary of Mapletree Investments Pte Ltd ("MIPL").

As of 5 August 2009, MIPL has an aggregated interest of 139,991,253 Units representing 13.04% of the issued Units comprising 12,741,253 Units held by LMIRTM and 127,250,000 held by Mapletree LM Pte. Ltd., a wholly owned subsidiary of MIPL. MIPL is a wholly owned subsidiary of Fullerton Management Pte Ltd which is in turn a wholly owned subsidiary of Temasek Holdings (Private) Limited ("Temasek").

From 12 February 2008 to 14 May 2008, there were a series of transactions in the Units by DBS Asset Management Ltd ("DBSAM") on behalf of its clients. On 14 May 2008 DBSAM ceased to have any interest in the Units. DBSAM is an indirect wholly owned subsidiary of DBS Group Holdings Limited which is in turn an associated company of Temasek.

Therefore as at 5 August 2009, Temasek has an interest in 139,991,253 Units representing 13.04% of the issued Units in which MIPL is deemed to have an interest.

Temasek became aware of the change in the percentage level of its interest in the Units on 6 August 2009.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change in the percentage level is the result of a series of transactions.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 136,250,000
As a percentage of issued share capital 0 % 12.85 %
No. of shares held after the change 0 139,991,253
As a percentage of issued share capital 0 % 13.04 %
Footnotes 1) Where reference is made to shares, it refers to the units in LMIR Trust.

2) The percentage of units in issue before the change was calculated based on the total number of 1,060,414,000 units as at 19 November 2007.

The percentage of units in issue after the change was calculated based on the total number of 1,073,155,253 units as at 5 August 2009.

3) UBS is the sole financial adviser to the Offering. UBS, BNP Paribas Capital (Singapore) Ltd. and Oversea-Chinese Banking Corporation Limited are the joint lead managers, issue managers and underwritters. PT. Ciptadana Capital is the sole financial adviser to the sponsor of LMIR Trust, PT. Lippo Karawaci Tbk.
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