Business UpdateDecember 2016

- MPPA FMCG retail

Market cap: USD 592 millionShareholding value: USD 298 million

- Matahari Department Store fashion retail

Market cap: USD 3.3 billion Shareholding value: USD 574 million

New retail channels:

- Matahari Mall B2C e-commerce

(thru MPPA & MDS)

Complementary/other retail:

Timezone, Books & Beyond, Robbinz department store

Investment Summary

• Listed in Jakarta Stock Exchange (MLPL)• Market Cap: IDR 3.4tn (USD 256mm)1)

RetailTelecommunications, Multimedia &

Technology (TMT)Other Businesses

& Investments

- Property GroupRetail malls, free-standingretail stores, warehouse, office buildingBook value: USD 150 million

- Lippo KarawaciMarket cap: USD 1.2 billionShareholding value:USD 26 million

- Nobu BankMarket cap: USD 251 milionShareholding value:USD 49 million

- Multipolar TechnologyGroupIT system integration, services,data center

Market cap: USD 246 millionShareholding value: USD 196 million

- First Media GroupCable TV, broadband Internet,4G LTE, satellite TV, cinema

Market cap: USD 158 millionShareholding value: USD 53 million

1 USD = IDR 13,436

Multipolar at-a-Glance

PT IMTV• 44.00% indirect share• Satellite TV

provider

PT Tecnoves Int’l• 85.00% indirect share• Satellite operator

• Listed in Jakarta Stock Exchange (MLPL)• Market Cap: IDR 3.4tn (USD 256mm)1)

Matahari Putra Prima (MPPA)

• 50.23% share

• Mkt Cap: IDR 8tn(USD 592mm)1)

• Mkt share: 35.5%2)

• 115 Hypermarts26 Foodmarts46 FMX109 Boston3 Smartclub4)

Retail

Indonesia Food Retail

China Retail Operations

Robbinz Department Store Wholly owned

• 3 RobbinzDepartment Stores4)

Telecommunications, Multimedia & Technology (TMT)

Multipolar Technology• 80.00% share• IT consulting, hardware, software

& application system provider to integration & maintenance services

• Mkt Cap: IDR 3.3tn(USD 246mm)1)

VisioNet Data Internasional

• 80.00% indirect share

• Business Process Managed Services

Data Center• 52.00% indirect share

IT Services Multimedia

First Media

• 33.76% indirect share

• Mkt Cap:IDR 2.1tn(USD 158mm)1)

Link Net

• BroadbandInternet, cable TV, data comm

Other Businesses & Investments

Department Store

Matahari Dept. Store(MDS)

• 17.48% share

• Mkt Cap:IDR 44tn(USD 3.3bn)1)

• Mkt share: 34.4%2)

• 151 stores4)

Timezone

• 50.01% indirect share

• 83 stores4)

Books & Beyond

• Wholly owned

• 39 bookstores4)

Other TMT Others

Multifiling MitraIndonesia (MMI)• 33.13% indirect share• Mkt Cap:

IDR 598bn(USD 44mm)1)

• Document management

Others

Nobu Bank• 19.58% indirect share • Mkt Cap:

IDR 3.4tn(USD 251mm)1)

Notes:

1) As of Dec 31, 2016; USD 1 = IDR 13,436

2) Source: Euromonitor

3) Includes contribution from consolidated entities only

4) Updated per 31 Dec 2016

Consolidated Non-consolidated

RetailOthers

Properties

MatahariPacific

Nadya PutraInvestama

• Wholly owned

81.5%

10.8%

7.7%FY16 Sales Contribution

Retail

TMT

Others

Matahari Putra Prima (MPPA)Multipolar owns 50.2% of MPPA, operator of the fastest growing hypermarket chain in Indonesia

with an extensive store portfolio of hypermarkets, supermarkets and health & beauty stores across Indonesia.

FY16 net profit IDR 38.5 bn vs FY15 net profit IDR 221.7 bn5

FY16 vs FY15 Same Store Sales Growth (SSSG): -4.5%4

FY16 vs FY15 total sales growth: -2.0% to IDR 13.5 tn 3

299 multiformat stores in 73 cities 2

Largest hypermarket network in Indonesia: 115 Hypermart stores1

Matahari Department Store (LPPF)Multipolar owns 17.5% of Matahari Department Store, the #1 department store in Indonesia based on

market share2) and brand awareness with a proven low risk, high-return business model

FY16 vs FY15 net profit growth: 13.4% to IDR 2,020 bn 6

FY16 vs FY15 same-store sales growth: 5.5%5

FY16 vs FY15 ttl sales growth: 8.3% to IDR 17.3 tn4

Opened 9 new stores during 20163

Largest dept store network in Indonesia: 151 stores in 70 cities1

Largest market share in Indonesia: 34.4% vs. 23.1% nearest comp2

Multipolar Technology (MLPT)Multipolar owns 80% of Multipolar Technology, which provides end-to-end IT services to Indonesian

corporate clients with special focus on the financial, Telecom & natural resources industries

FY16 vs FY15 net profit growth: 33.9% to IDR 130.2 bn3

FY16 vs FY15 sales growth: -10.0% to IDR 1,928 bn2

155 service points in 132 locations5

Largest system integrator in Indonesia since 19751

Trusted world-class brands – IBM, Cisco, Oracle, NCR, Microsoft 4

Partners with Mitsui operating Rate-3 ready data center6

FY16 Profit and Loss

in million IDR

Dec 31, 2016 Dec 31, 2015*

Net Sales 17,814,235 17,739,513

COGS (14,625,667) (14,555,255)

Gross Profit 3,188,568 3,184,258

Net Profit (Loss) 312,379 (1,207,787)

Attributable to owners

of the parents243,625 (1,180,708)

Attributable to non-

controlling interests68,754 (27,079)

*) Restated and reclassified

Balance Sheet as of Dec 31, 2016

in million IDR

Dec 31, 2016 Dec 31, 2015*

Total Assets 24,122,671 22,472,352

Total Liabilities 14,758,200 13,821,169

Total Equity 9,364,471 8,651,183

*) Restated and reclassified

Source: Company materials, filings.

26.97% 5.05%

100%

67.98%

Cyport Limited

Grandhill Asia Limited

Public

PT Multipolar Tbk (MLPL)

Shareholding Structure