LMIRT Management Ltd. in its capacity as manager of Lippo Malls Indonesia Retail Trust announced the following changes to the composition of the Board and Board Committees effective 31 December 2019: The resignation of Mr. Ketut Budi Wijaya as the Board Chairman, Non-Executive Non- Independent Director and member of the Nominating and Remuneration Committee ("NRC") of the Manager; The appointment of Mr. Murray Dangar Bell as Board Chairman of the Manager in place of Mr. Ketut Budi Wijaya and remains as the Lead Independent Director, member of the Audit and Risk Committee and Nominating and Remuneration Committee; The redesignation of Ms. Gouw Vi Ven from Executive Director to Non-Executive Non- Independent Director and be appointed as member of the NRC of the Manager; The appointment of Mr. Liew Chee Seng James as Executive Director of the Manager and remains as the Chief Executive Officer of the Manager. The Board wishes to place on record its appreciation to Mr. Ketut Budi Wijaya for his invaluable contributions and guidance during his tenure and extends its best wishes to him in his future endeavours.