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ARYADUTA HOTELS CELEBRATES ‘40 YEARS IN INDONESIA’

Growth Continues With 50 Planned Openings of Luxury, Upscale and Midscale Branded Hotels

Throughout Indonesia

Lippo Village, Tangerang, Indonesia

Tuesday, June 2, 2014

PT Lippo Karawaci Tbk., Hospitality & Leisure Group announced that it anticipates a strong year of new hotel

developments and subsequent future openings in its upper upscale hotel portfolio under the Aryaduta brand as

it celebrates Aryaduta Hotels’ four decades of renowned hospitality presence in Indonesia. Aryaduta, the

Indonesian hospitality icon that has been a pioneer in the nation’s hospitality service industry, will continue to

contribute materially PT Lippo Karawaci Tbk.’s growth with nearly 50 planned openings of luxury, upscale and

midscale brandsby the year 2020 in key destinations across the Indonesian archipelago including Jakarta,

Bogor, Tangerang, Bekasi, Bali and key cities in Sumatra, Sulawesi, Kalimantan, Maluku, and Nusa Tenggara

Timur in lock step with Lippo Group’s mall, hospital, school and township developments. The first two upscale

hotels to open in 2015 will be Aryaduta Bali Kuta and Aryaduta Surabaya CITO. Later this year Lippo

Karawaci will unveil its new midscale brand to address demand in the most popular segment of the rapidly

growing domestic leisure and business market.

“June 2014 marks Aryaduta’s 40 yearsas a leader in hospitality in Indonesia since our first hotel The Aryaduta

Jakarta was opened in Tugu Tani on June 1, 1974 ” said Rosmalia Hardman, Chief Marketing Officer, PT Lippo

Karawaci Tbk., Hospitality & Leisure Group.“With 8 hotels spanning across 3 islands and 7 destinations in the

Indonesian archipelago, we are now well-positioned for continued footprint growth in new Indonesian

destinations. Our long-established national presence remains a competitive advantage, and our teams’highly

established local insights and strong relationships will pave the way for future growth and the continued

expansion of brands which will include in excess of ten upscale Aryaduta hotels and forty new midscale-

branded hotels in response to the market demand which has brought Indonesia to be one of the fastest growing

hotel markets in the world with annual growth in excess of 25% .”

Ms Hardman added: “Our hotels are uniquely positioned to benefit from Lippo Karawaci’s nationwide presence

in property development and the development of integrated sustainable independent townships. We are also

seeing significant opportunities in mature cities where there are record low rooms supply and growing demand.”

Lippo Karawaci will invest in excess of US$ 350 million from a combination of internal cash flow, equity

investment and external funding sources. The company will continue to focus on identifying the right partners

for continued development of our hospitality and leisure portfolio throughout Indonesia.

In celebration of its 40 Years in Indonesia, Aryaduta Hotels across the archipelago will welcome guests

throughout the anniversary month with exciting offers and surprises, from weekend escapes to business benefits

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and conveniences. For more information, please email valentia.agustadi@aryaduta.com or call +62 21

25669000 ext. 7705

About Lippo Karawaci Tbk.

Lippo Karawaci is Indonesia’s largest listed property company by total assets and revenues, anchored by a large

land bank and solid recurring income base.

Lippo Karawaci’s businesses comprise of Residential/Township, Retail Malls, Hospitals, Hotels and Asset

Management.

Lippo Karawaci is listed on the Indonesian Stock Exchange with a market capitalization of Rp. 25.4 trillion or

US$ 2.2 billion as of June 02, 2014. For more information, please visit www.lippokarawaci.co.id

About Aryaduta Hotels.

Aryaduta Hotels (“Aryaduta”) is the hospitality icon of Indonesia, first built in 1971 and began its commercial

operations on 1 June 1974 as ‘The Ambassador Hotel’. In August 1995, with the government decree to use

Bahasa Indonesia in naming, the hotel was renamed Hotel Aryaduta Jakarta. Aryaduta Hotels is focused on

continuing its growth towards becoming the country’s premier operator of hotels and resorts. The hospitality

arm of Lippo Karawaci offers the Company access to major growth opportunities as Indonesia grows as a

destination for business and leisure. With a portfolio of assets in premium locations, Aryaduta Hotels also serve

as value enhancing additions to key integrated property projects. Aryaduta remains a leader in local five-star

establishments with 8 hotels now operating and another 50 hotels planned for opening over the next 5 years.

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Media Contact:

Valentia Agustadi

Head of Marketing Communications

Aryaduta Hotels

T. +62 21 25669000 ext. 7705

M. +62 81513051512

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This press release has been prepared by PT Lippo Karawaci Tbk (“LPKR”) and is circulated for the

purpose of general information only. It is not intended for any specific person or purpose and does not

constitute a recommendation regarding the securities of LPKR. No warranty (expressed or implied) is

made to the accuracy or completeness of the information. All opinions and estimations included in this

release constitute our judgment as of this date and are subject to change without prior notice. LPKR

disclaims any responsibility or liability whatsoever arising which may be brought against or suffered by

any person as a result of reliance upon the whole or any part of the contents of this press release and

neither LPKR nor any of its affiliated companies and their respective employees and agents accepts

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liability for any errors, omissions, negligent or otherwise, in this press release and any inaccuracy herein

or omission here from which might otherwise arise.

Forward-Looking Statements

Certain statements in this release are or may be forward- looking statements. These statements typically contain

words such as "will", "expects" and "anticipates" and words of similar import. By their nature, forward looking

statements involve a number of risks and uncertainties that could cause actual events or results to differ

materially from those described in this release. Factors that could cause actual results to differ include, but are

not limited to, economic, social and political conditions in Indonesia; the state of the property industry in

Indonesia; prevailing market conditions; increases in regulatory burdens in Indonesia, including environmental

regulations and compliance costs; fluctuations in foreign currency exchange rates; interest rate trends, cost of

capital and capital availability; the anticipated demand and selling prices for our developments and related

capital expenditures and investments; the cost of construction; availability of real estate property; competition

from other companies and venues; shifts in customer demands; changes in operation expenses, including

employee wages, benefits and training, governmental and public policy changes; our ability to be and remain

competitive; our financial condition, business strategy as well as the plans and objectives of our management

for future operations; generation of future receivables; and environmental compliance and remediation. Should

one or more of these uncertainties or risks, among others, materialize, actual results may vary materially from

those estimated, anticipated or projected. Specifically, but without limitation, capital costs could increase,

projects could be delayed and anticipated improvements in production, capacity or performance might not be

fully realized. Although we believe that the expectations of our management as reflected by such forward-

looking statements are reasonable based on information currently available to us, no assurances can be given

that such expectations will prove to have been correct. You should not unduly rely on such statements. In any

event, these statements speak only as of the date hereof, and we undertake no obligation to update or revise any

of them, whether as a result of new information, future events or otherwise.