LMIRT Management Ltd., in its capacity as manager of Lippo Malls Indonesia Retail Trust(LMIR Trust and as manager of LMIR Trust, the "Manager") announced the following changes to the composition of the Board and Board Committees effective 1 November 2019 which is undertaken by the Manager as part of the board renewal process: The appointment of Mr. Murray Dangar Bell as Lead Independent Director of the Company. Mr. Murray Dangar Bell will also be appointed as a member of the Audit and Risk Committee and Nominating and Remuneration Committee. Mr. Murray Dangar Bell is considered independent for the purposes of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited. Mr. Murray Dangar Bell has more than 30 years of experience in real estate management, primarily in shopping malls management in the Asia Pacific and Middle East regions. Prior to founding Intergen Property Group, Mr. Murray Dangar Bell held various leadership roles with leading real estate organisations, which included Managing Director ­ Retail at Al Futtaim Group Real Estate, United Arab Emirates, Head of Asset and Mall Management at AMP Capital Shopping Centres, Australia, Chief Executive Officer ­ Malls at Lippo Karawaci, Indonesia, Senior Vice President at Majid Al Futtaim, United Arab Emirates, Managing Director at Jones Lang LaSalle, South Korea and Chief Executive Officer ­ Malls at Lend Lease Retail, Australia. In the early years of his career, he also held various positions with Jones Lang LaSalle in Indonesia and Hong Kong. The resignation of Mr. Douglas Chew as Lead Independent Director. Accordingly, Mr. Douglas Chew also stepped down from his role as Chairman of the Nominating and Remuneration Committee and as a member of the Audit and Risk Committee. The appointment of Mr. Goh Tiam Lock as the Chairman of the Nominating and Remuneration Committee.