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

Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest *

* Asterisks denote mandatory information

 

"DISCLAIMER:- This announcement was prepared and issued by the belowmentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement."

Name of Announcer *	LIPPO-MAPLETREEINDORETAILTRUST
Company Registration No.	N.A.
Announcement submitted on behalf of	LIPPO-MAPLETREEINDORETAILTRUST
Announcement is submitted with respect to *	LIPPO-MAPLETREEINDORETAILTRUST
Announcement is submitted by *	Viven G. Sitiabudi
Designation *	Executive Director and CEO, Lippo-Mapletree Indonesia Retail Trust Management Ltd (as manager of LMIR-Trust)
Date & Time of Broadcast	26-Dec-2007 17:37:43
Announcement No.	00077

>> Announcement Details

The details of the announcement start here ...

>> PART I

1.

Date of notice to issuer *

26-12-2007

2.

Name of Substantial Shareholder *

Lippo Capital Limited

3.	Please tick one or more appropriate box(es): *
	Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]

>> PART II

1.

Date of change of [Select Option]

2.

Name of Registered Holder

3.	Circumstance(s) giving rise to the interest or change in interest	[Select Option]
	# Please specify details

4.	Information relating to shares held in the name of the Registered Holder
	No. of [Select Option] held before the change   As a percentage of issued share capital %   No. of N.A. which are subject of this notice   As a percentage of issued share capital %   Amount of consideration (excluding brokerage and stamp duties) per share paid or received     No. of N.A. held after the change   As a percentage of issued share capital %

>> PART III

1.

Date of change of Deemed Interest

21-12-2007

2.

The change in the percentage level

From 18.0 % To 27.1 %

3.	Circumstance(s) giving rise to the interest or change in interest	# Others
	# Please specify details	Lippo Strategic Holdings Inc. ("Lippo Strategic") has subscribed for 287,695,000 Units under a conerstone subscription agreement entered into between Lippo Strategic and Lippo-Mapletree Indonesia Retail Trust Management Ltd. under the initial public offering of Lippo-Mapletree Indonesia Retail Trust. Lippo Strategic has on 19 November 2007 lent 96,820,000 Units (the "Loan Units") to USB AG, acting through its business group, UBS Investment Bank ("UBS"), as stabilising manager, pursuant to an over-allotment option granted to UBS. UBS has on 14 December 2007 re-delivered the Loan Units to Lippo Strategic as the over-allotment option was not exercised. Lippo Strategic is a wholly-owned subsidiary of Lippo Holdings Inc. Lippo Holdings Inc is in turn a wholly-owned subsidiary of Lippo Capital Limited. As such, Lippo Capital Limited is deemed to have an interest in the 287,695,000 Units held by Lippo Strategic.

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 transaction.

>> PART IV

1.	Holdings of Substantial Shareholder , including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	190,875,000
As a percentage of issued share capital	0 %	18.0 %
No. of shares held after the change	0	287,695,000
As a percentage of issued share capital	0 %	27.1 %

Footnotes

1) Where reference is made to shares, it refers to the units in LMIR Trust. 2) 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 underwriters. PT. Ciptadana Capital is the sole financial adviser to the sponsor of LMIR Trust, PT. Lippo Karawaci Tbk.