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LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2013 51
HSBC Institutional Trust Services (Singapore) Limited (the “Trustee”) is under a duty to take into custody and hold the assets of Lippo
Malls Indonesia Retail Trust (the “Trust”) and its subsidiaries (the “Group”) in trust for the holders (“unitholders”). In accordance with
the Securities and Futures Act, Chapter 289 of Singapore, its subsidiary legislation and the Code on Collective Investment Schemes,
the Trustee shall monitor the activities of LMIRT Management Ltd (the “Manager”) for compliance with the limitations imposed on
the investment and borrowing powers as set out in the Trust Deed between the Manager and the Trustee in each annual fnancial
reporting year and report thereon to unitholders in an annual report.
To the best knowledge of the Trustee, the Manager has, in all material respects, managed the Trust during the fnancial reporting year
covered by these fnancial statements, set out on pages 54 to 124 in accordance with the limitations imposed on the investment
and borrowing powers set out in the Trust Deed.
For and on behalf of the Trustee,
HSBC Institutional Trust Services (Singapore) Limited
Anthony Wade Lewis
Director
Singapore
25 March 2014
TRUSTEE’S REPORT