Bali Hotel Property Market Report

Research & Forecast Report Q4 215 Bali Hotel Property Market Report Accelerating success.

During 215, there were 2,517 in additional hotel rooms coming onto the market, mainly from 5-star hotels (1,874 rooms), 4-star hotels (1,596 rooms) and 43 rooms from 3-star hotels. By end of 215 total star-rated hotel rooms in Bali were 53,921. The Bali hotel market is anticipating 16,347 rooms from 216 219. Hotel occupancy in Bali in 4Q 215 increased moderately by 2.4% to 61.38% for all hotel categories. Ferry Salanto Associate Director - Research Hotel Sector Economy and Tourism During 215, the Indonesian economy was unfavourable. This can be seen in the weakening of the rupiah against the US dollar for quite some time. The weakening of the rupiah might be bad news for some people, but at some point, it could be good news for the tourism industry, as foreign tourists have more buying power. The Indonesian government set a target of 1 million tourists visiting Indonesia in 215. To achieve the target, the government has already issued a new regulation, Presidential Decree No. 14 of 215 on Amendment of Presidential Decree No. 69 215 About Visa-Free Visits. Through this regulation, the government plans to increase the number of countries granted exemptions from the obligation to have a visitor s visa in order to travel, and provide more flexibility for foreign tourists visiting Indonesia. Starred Hotel With the beautiful scenery and culture, Bali remains the favourite tourism destination of Indonesia. To support this, Bali continues to see several new hotels ready to begin operations while some of the old hotels are being rebranded to improve their image. In the last year, several things happened in the Bali hotel industry. Approaching the end of 214, the Fairmont, one of the big hotel operators announced their takeover of Regent Bali Sanur Hotel, which has 12 rooms. This is their first property in Indonesia. In early 215, the Hyatt Regency Sanur Bali temporarily closed for 24 months for renovations. They expect to reopen in 1Q 217 with the new Hyatt brand, Andaz.

Hotels Newly Operating in Bali in 215 hotel Source: Colliers International Indonesia - Research star rating str global equivalent rate location rooms opening time Horison Sunset Road 3-star N/A Kuta 15 1Q Quest Hotel San Denpasar 3-star N/A Denpasar 179 1Q NEO+ Kuta Legian 3-star N/A Kuta 117 1Q Santika Hotel & Resort 3-star Upper Upscale Kuta 19 4Q Evitel 3-star N/A Ubud 88 4Q Total 3-star hotel rooms 643 Alaya Hotels & Resorts 4-star N/A Kuta 116 2Q Swiss-Belhotel Petitenget 4-star Upscale Petitenget 111 2Q Swiss-Belhotel Tuban 4-star Upscale Tuban 324 2Q Holiday Inn Resort Benoa 4-star Upper Midscale Tanjung Benoa 171 2Q Bali Paragon 4-star N/A Jimbaran 379 2Q Bellevue Heritage Hotel & Villas 4-star N/A Nusa Dua 22 3Q Sadara Boutique Beach Resort Bali 4-star N/A Tanjung Benoa 47 3Q Four Points by Sheraton 4-star Upscale Kuta 185 3Q Mega Boutique Hotel 4-star N/A Kuta 69 3Q Rumah Luwih 4-star N/A Gianyar 75 3Q SenS Hotel & Spa Conference Ubud Town Centre 4-star N/A Ubud 97 3Q Total 4-star hotel rooms 1,596 The Trans Resort Hotel Bali 5-star N/A Kuta 2 1Q Ritz-Carlton Nusa Dua 5-star Luxury Nusa Dua 313 1Q Maya Sanur Resort 5-star N/A Sanur 13 2Q Watermark Hotel & Spa 5-star N/A Jimbaran 143 2Q Ritz-Carlton Mandapa 5-star Luxury Ubud 6 3Q Padma Resort Ubud 5-star N/A Ubud 149 3Q Innaya Putri Bali 5-star N/A Kuta 46 3Q Alila Seminyak 5-star Luxury Seminyak 24 4Q Sintesa Peninsula 5-star N/A Jimbaran 26 4Q Total 5-star hotel rooms 1,874 Total hotel rooms 4,113 Bali witnessed at least 1 new hotels beginning operations in 215. These were dominated by 5-star and 4-star hotels. During 215, there were 2,517 additional rooms coming into the supply. There were 1,874 rooms from 5-star hotels (nine new hotels), 1,596 rooms from 4-star hotels (eleven new hotels), and 643 rooms from 3-star hotels (five new hotels). Looking at the room growth, 5-star hotels experienced the highest growth with 14.46%, followed by 4-star hotels with 8.5%, and 3-star hotels with 4.88%. The mature tourism industry in Bali has provoked illegal tourism activities like illicit unrated accommodation and unauthorised travel agencies that may harm the tourism industry in Bali. To prevent this, the local government (government tourism office, Department of Transport, etc.), helped by the Association of Indonesian Travel Companies, will restrain and close down those illegal activities. These activities not only harm Bali s reputation as one of the favourite destinations but also will make tourist travel unsafe. By the end of 215, there were 17,53 rooms at 5-star hotels, 2,373 rooms at 4-star hotel, and 16,45 rooms at 3-star hotels. 3 Research & Forecast Report Q4 215 Hotel Colliers International

Cumulative Supply of Starred Hotel Projects in Bali 25 225 2 175 15 125 1 75 5 25 Cumulative Supply of Starred Hotel Rooms in Bali 3, 27, 24, 21, 18, 15, 12, 9, 6, 3, 21 211 212 213 214 215 216F 217F 218F 219F 21 211 212 213 214 215 216F 217F 218F 219F 3-star 4-star 5-star Source: Colliers International Indonesia - Research 3-star 4-star 5-star Source: Colliers International Indonesia - Research Hotel Development in the Pipeline hotel star rating str global equivalent rate location region rooms projected completion time Ibis Legian 3-star Midscale Legian Kuta 16 1Q 216 Artotel Bali Sanur 3-star N/A Danau Tamblingan Sanur 89 1Q 216 Ibis Styles Bali Petitenget 3-star Midscale Kerobokan Kelod Kuta 134 1Q 216 Kila Infinity 8 Jimbaran 3-star N/A By Pass Ngurah Rai, Jimbaran Jimbaran 18 1Q 216 Kila Citialits Bali 3-star N/A Goa Gong Jimbaran 215 2Q 216 Holiday Inn Express Tuban 3-star Upper Midscale Wana Segara Tuban 187 3Q 216 Ivory Hotel Kuta 3-star N/A Padma Kuta 5 3Q 216 Ibis Style Bali Legian 3-star Midscale Padma Utara Legian 113 216 Horison Hotel Kuta 3-star N/A Kuta Kuta 15 216 Prasanthi Hotel Kuta 3-star N/A Kuta Kuta 112 216 Jambuluwuk Hotel 3-star N/A Seminyak Seminyak 115 216 Grand Serela Hotel 3-star N/A Ubud Ubud 1 216 YELLO Hotel Kuta Beach 3-star N/A Kuta Kuta 12 4Q 218 Tegal Alang 3-star N/A Ubud Ubud 6 219 Total 3-star hotel rooms 1,731 Swiss-Belresort Ubud 4-star Upscale Ubud Ubud 42 1Q 216 Golden Tulip Saranam Resort & Spa 4-star Upper Midscale Bedugul Bedugul 6 1Q 216 Prama Sthala Ubud 4-star N/A Ubud Ubud 145 1Q 216 Best Western Bali Ungasan 4-star Midscale Ungasan Jimbaran 12 1Q 216 The Himana - Mercure Bali Jimbaran 4-star Upscale Jimbaran Jimbaran 258 1Q 216 Swiss-Belresort Jimbaran 4-star Upscale Jimbaran Jimbaran 273 1Q 216 The Nest 4-star N/A Tanjung Benoa Tanjung Benoa 89 2Q 216 Majestic Water Village 4-star N/A Jimbaran Jimbaran 64 2Q 216 Golden Tulip Jineng Tamansari 4-star Upper Midscale Kuta Kuta 198 2Q 216 Novotel Bali Ngurah Rai Airport 4-star Upscale Ngurah Rai International Airport Kuta 214 2Q 216 Continued 4 Research & Forecast Report Q4 215 Hotel Colliers International

hotel star rating str global equivalent rate location region rooms projected completion time continuation Preference Hotel Sanur 4-star N/A Ubud Sanur 7 3Q 216 Golden Tulip Essential Legian 4-star Upper Midscale Legian Kuta 1 3Q 216 Preference Hotel Seminyak 4-star N/A Seminyak Seminyak 12 216 Indigo Hotel Seminyak 4-star Upscale Canggu Seminyak 28 216 THE HAVEN Bali Berawa 4-star N/A Seminyak Seminyak 61 216 The Eden Hotel Benoa 4-star N/A Benoa Tanjung Benoa 27 216 Adaya Balangan Jimbaran Bali 4-star N/A Jimbaran Jimbaran 112 216 Grand Summit Pecatu 4-star N/A Pecatu Jimbaran 388 216 Springhill Villas & Resort at Jimbaran 4-star Upscale Jimbaran Jimbaran 25 216 Hijau The Edelweiss Ultimo Canggu 4-star N/A Canggu Seminyak 15 216 Tamansari Gangga 4-star N/A Tanah Lot Gangga, Tanah 64 216 Lot Hilton Garden Inn - Legian 4-star Upscale Legian Kuta 125 216 Paramapada Hotel 4-star N/A Uluwatu, Jimbaran Jimbaran 125 216 Harris Resort Benoa Bali 4-star Upscale Benoa Tanjung Benoa 275 1Q 217 Veasna Bali-Jimbaran Beachfront 4-star N/A Jimbaran Jimbaran 18 1Q 217 suites Eastin Hotel 4-star N/A Pantai Canggu Seminyak 12 2Q 217 Novotel Bali Batu Belig 4-star Upscale Batu Belig Seminyak 12 217 Royal Bali Tulip 4-star Lusury Kuta Kuta 136 217 Premiere Inn Bali Jimbaran 4-star Midscale Jimbaran Jimbaran 17 217 Ramada Encore Bali Uluwatu 4-star N/A Uluwatu Jimbaran 2 217 Aloft Bali Ubud 4-star Upscale Ubud Ubud 148 3Q 218 Four Points by Sheraton Bali - Ubud 4-star Upscale Kedewatan Ubud 1 3Q 218 Love Fashion Hotel 4-star N/A Seminyak Seminyak 25 218 Mercure Bali Eco Beach 4-star Upscale Eco Beach Seminyak 138 218 Grand Orange Pandawa Beach 4-star N/A Pandawa Beach Jimbaran 129 218 Hardysland Nusa Dua Hill Hotel 4-star N/A Nusa Dua Hill Nusa Dua 1 218 Swiss-Belresort Tanjung Benoa 4-star Upscale Tanjung Benoa Tanjung Benoa 169 218 Harris Resort Beach Cove Jimbaran 4-star Upscale Jimbaran Jimbaran 3 1Q 219 Preference Hotel Nusa Penida 4-star N/A Nusa Penida Nusa Penida 7 1Q 219 Skales Hotel & Residences Nusa Dua 4-star N/A By Pass Ngurah Rai Nusa Dua 15 219 Golden Tulip Essential Kuta Raya 4-star Upper Midscale Kuta Kuta 1 219 Wana Prasta Resort Bali by Horison 4-star N/A Canggu Seminyak 17 219 The Stones Hotel 4-star N/A Desa Payangan Ubud 6 219 Total 4-star hotel rooms 6,537 The Katamama Potato Head Boutique 5-star N/A Seminyak Seminyak 58 1Q 216 Hotel Hilton Garden Inn Bali Ngurah Rai 5-star Upper Upscale Ngurah Rai International Kuta 291 2Q 216 Airport Airport The Westin Ubud Resort & Spa 5-star Luxury Lodtunduh, Singakerta Ubud 11 2Q 216 Shangri-La Nusa Dua Resort & Spa 5-star Luxury Kawasan Wisata BTDC Nusa Dua 18 3Q 216 Amari Pecatu Bali 5-star N/A Pecatu Indah Resort Jimbaran 435 4Q 216 The Sarasvati, a Luxury Collection 5-star N/A Seminyak Beach Seminyak 64 4Q 216 Resort, Bali Panghegar Uluwatu Cliff Resort & 5-star N/A Uluwatu Cliff Jimbaran 267 4Q 216 Spa Continued 5 Research & Forecast Report Q4 215 Hotel Colliers International

hotel star rating Source: Colliers International Indonesia - Research and STR Global str global equivalent rate location region rooms projected completion time continuation Anvaya Hotel 5-star N/A Dewi Sartika Kuta 5 4Q 216 Mandarin Oriental 5-star Luxury Bukit Pandawa Jimbaran 121 4Q 216 Avani Hotel - Nusa Dua Circle 5-star N/A By Pass Ngurah Rai Nusa Dua 456 216 Kempinski Nusa Dua Bali 5-star Luxury Badung Nusa Dua 2 216 Raffles Bali 5-star Luxury Jimbaran Jimbaran 8 216 Fairmont Hotel & Resort 5-star Luxury Bukit Jimbaran, Badung Jimbaran 17 216 Jumeirah 5-star Luxury Jimbaran Jimbaran 14 216 Meritus Seminyak Bali 5-star Luxury Petitenget Seminyak 181 216 Andaz Hotel Bali by Hyatt (re-branded 5-star Luxury Danau Tamblingan, Sanur Sanur 144 1Q 217 from Bali Hyatt) Mövenpick Resort & Spa Jimbaran 5-star N/A Jimbaran Bay Jimbaran 34 217 Bay De Vasa Hotel Legian Bali 5-star N/A Legian Kuta 254 217 PARKROYAL Pecatu Bali Resort 5-star Upscale Pecatu Indah Resort Jimbaran 415 217 Radisson Bali 5-star Upscale Ungasan - Uluwatu, Jimbaran Jimbaran 125 217 Waldorf Astoria Bali Uluwatu 5-star Luxury Pecatu Indah Resort Jimbaran 96 217 Worldhotel Balangan Bali 5-star N/A Balangan Beach Jimbaran 76 217 Worldhotel Dreamland Bali 5-star N/A Dreamland Beach Jimbaran 25 217 Solis Capella Resort Hotel 5-star Luxury Ubud Ubud 18 217 Rosewood Tanah Lot Bali 5-star Luxury Tanah Lot Tanah Lot 12 217 Marriott Saba Bay Resort 5-star Luxury Gianyar Gianyar 2 217 New World Grand Bali Resort 5-star N/A Pecatu Indah Resort Pecatu 18 217 Swissotel Bali 5-star Upper Upscale Bukit Pandawa Jimbaran 17 217 Jivanara Ubud by Preference Hotel 5-star N/A Ubud Ubud 42 1Q 218 Cordis Nusa Dua Bali 5-star Luxury Nusa Dua Nusa Dua 25 4Q 218 Renaissance Resort & Spa 5-star Luxury Siligita, Nusa Dua Nusa Dua 2 218 Tamansari Payangan Resort 5-star N/A Desa Puhu Payangan Ubud 25 218 Langham Place Hotel 5-star Luxury Ungasan, Uluwatu Jimbaran 117 218 Fashion TV Hotel & Residence Resort 5-star N/A Jimbaran Jimbaran 2 218 Seven Palm Bali Resort 5-star N/A Jimbaran Jimbaran 12 218 Goco Retreat Ubud 5-star N/A Gianyar Ubud 6 218 Bugatti Bali Villas and Resorts 5-star N/A Pecatu Indah Resort Jimbaran 397 219 Yoo Hotel Bali 5-star N/A Lepang Beach Lepang 175 219 Edition Hotel & Residences 5-star Luxury Pantai Balangan Jimbaran 25 219 Total 5-star hotel rooms 7,684 Total hotel rooms 15,952 Budget Hotel The development of budget hotels in Bali was not as massive as that of star-rated hotels. During 215, the growth of newly operating budget hotels based on the number of rooms increased by 12.1% or 321 rooms. By the end of 215, there were 2,869 rooms at Bali budget hotels. 6 Research & Forecast Report Q4 215 Hotel Colliers International

Budget Hotels Newly Operating in Bali in 215 hotel str global equivalent rate location region rooms opening time Maison Boutique Hotel & Spa N/A North Kuta Badung 132 1Q Zodiak Seminyak N/A Seminyak Seminyak 84 2Q Favehotel Tohpati N/A WR Supratman Denpasar 15 3Q Source: Colliers International Indonesia - Research and STR Global Total budget hotel rooms 321 Cumulative Supply of Budget Hotel (by Number of Projects) in Bali 35 3 25 2 15 1 5 Cumulative Supply of Budget Hotel (by Number of Rooms) in Bali 4, 3,5 3, 2,5 2, 1,5 1, 5 21 211 212 213 214 215 216F 217F 218F 219F 21 211 212 213 214 215 216F 217F 218F 219F Source: Colliers International Indonesia - Research Source: Colliers International Indonesia - Research Future Budget Hotel Development in Pipeline Name of development location region Source: Colliers International Indonesia - Research and STR Global No. of rooms projected completion time Zest Legian Padma Utara Legian 5 3Q 216 Fame Hotel Sunset Road Kuta 9 3Q 216 POP! Hotel Benoa Benoa Benoa 156 4Q 216 Favehotel Raya Kuta (Dewi Sri) Dewi Sri Kuta 9 216 MaxOne Tuban Tuban Tuban 1 216 @HOM Jimabaran By Pass Ngurah Rai Jimbaran 145 217 POP! Hotel Riverview Kuta Kuta Riverview, Badung Kuta 8 2Q 219 Total budget hotel rooms 711 7 Research & Forecast Report Q4 215 Hotel Colliers International

Demand Bali was rated one of The Best Islands in the World by the Best of Readers Choice Award 215 held by Condé Nast Traveler. In fact, Bali is in the Top 1, which indicates that tourism in Bali is still growing and offers the greatest potential for the island. During 215, Bali s condition fluctuated. There were several events that affected the Bali tourism industry. The first was the Bali Nine execution. This action increased the tension between the Indonesian and Australian governments. As a result, the number of Australian tourists shrank by 4.% in 1H 215. The second was the eruptions of Mount Raung and Mount Barujari. The volcanic ash forced the Airport Authority to close some airports, which forced the airlines to cancel all flights to and from Ngurah Rai International Airport. This had a definite impact on the tourism industry in Bali. Based on information from the Bali Provincial Tourism Office, by the end of October 215, the number of Australian tourists reached 821,214, an increase of 1.4% compared to the same period in 214. In order to maintain the number of Australian tourists coming to Bali, Indonesia AirAsia opened a new route to Sydney. Currently, there are four airlines offering direct flights from Sydney; Garuda Indonesia has five flights a week; Jetstar has six; Virgin Australia has eight; and Indonesia AirAsia has five. Within the last three years, the number of Chinese tourists increased significantly. The increasing number of Chinese tourists in Bali is strongly encouraged by the government taking several actions like encouraging human resources in the tourism industry to take Chinese language training; and opening new direct routes from and to Guangzhou, China. To increase the Chinese market, Garuda Indonesia will open a new direct flight from and to Shanghai. This route will open before the 216 Chinese New Year. Other than Garuda Indonesia, one of the biggest private airlines in Indonesia, Lion Air, will open a direct route from and to mainland China. They plan to launch this route in early 216. Other than China and Australia, India is a potential market for the Bali tourism industry. Within the last two years, Indian tourism has experienced rapid growth. Based on data from the Bali Tourism Board, 9,46 Indian tourists came to Bali by October 215, a 27.37% increase compared to the same month in the previous year. Besides increasing the Chinese market, Garuda Indonesia s subsidiary company, Citilink, is bringing 12 new direct flights to Ngurah Rai International Airport to improve the local market. They provide four flights from Soekarno Hatta, two flights from Halim Perdanakusuma, one flight from Bandung, four flights from Surabaya and one flight from Balikpapan. By the end of October 215, 8,16,589 foreign tourists came to Indonesia, 3.36% more than in the same period in 214. The Indonesian Government is aiming for 1 million tourists in 215. To reach the target, the government has issued a new regulation, Presidential Decree No. 14 of 215 on Amendment of Presidential Decree No. 69-215 About Visa-Free Visits, which placed an additional 75 countries on the visa-free visit list, bringing the total to 9. This new regulation is already in effect. Unfortunately, Australia, the biggest market for Bali, is not included on the list. Conversely, the Australian Government introduced easier visa controls to encourage Indonesians to visit Australia because they want to increase the number of Indonesian visitors. Looking at the data from the Bali Provincial Tourism Office, the number of Australian visitors keeps increasing. From 211 to October 215, the number of Australian tourists never experienced minus growth. The growth might be slowing, but it remains positive. Based on YoY data, the growth in the number of Australian tourists coming to Bali slightly increased by 1%. This deceleration is happening due to several events in 215 as mentioned earlier. Number of Australian Tourists to Bali 1,2, 1,, 8, 6, 4, 2, 21 211 212 213 214 215YTD Source: Statistics Bureau Office (BPS), Bali In order to facilitate foreign tourism, the head of the Association of Indonesian Tours & Travel Agencies (ASITA) Bali stated that the government needs to open more immigration services and more international gateways. Currently, there are only five airports available for immigration inspection, and they are Medan, Jakarta, Surabaya, Batam and Denpasar (Bali), and this is not enough. If the government opens more immigration services and international gateways, it may be the trigger needed to increase the number of foreign tourists as well as their length of stay in Indonesia. 8 Research & Forecast Report Q4 215 Hotel Colliers International

Hotel demand is no longer only coming from the business or leisure markets. There is a new market that has great potential for the hotel industry and that is sporting activities. In Bali itself, there were not less than 12 sporting activities held during 215. The events varied from local to international. Local government has considered this as a potential market, and has asked the tourism industry, in particular hoteliers, to help promote these events to attract more tourists to Bali. Number of Visitors by Country of Origin (Top 15 Countries) 1,2, 1,, 8, 6, 4, 2, South Bali is still more famous than other parts of Bali. The inequality of tourism development has created gaps between the areas and local government realises this. The unavailability of infrastructure to support the development is the main problem. To equalise the development, the local and/or Indonesian governments should promote more infrastructure development to and from other areas in Bali. Comparison of Foreign Visitors Coming to Bali and Indonesia (excluding Bali) 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% Australia Japan China Malaysia South Korea Taiwan France United Kingdom Singapore Germany Netherlands USA Russia India New Zealand Other 21 211 212 213 214 215YTD Source: Statistics Bureau Office (BPS), Bali % 25 26 27 28 29 21 211 212 Bali Indonesia Source: Ministry of Tourism and Bali Provincial Tourism Office Comparison of Visitors to Bali and Indonesia 1,, 8,, 6,, 4,, 2,, 25 26 27 28 29 21 213 214 211 212 213 214 215YTD 215YTD Performance As a tourism destination, Bali highly depends on the leisure market. As the number of foreign tourists keeps increasing, there were a lot of new hotels built. The developments have both positive and negative impacts on the Bali hotel performance. Indonesia Bali Source: Ministry of Tourism and Bali Provincial Tourism Office 9 Research & Forecast Report Q4 215 Hotel Colliers International

Average Occupancy Rate 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% There were many events during 215 in Bali that indirectly affected the ADR of Bali hotels. In 3Q 215, the ADR of Bali hotels decreased by 1.%. Unfortunately, by 4Q 215, the ADR of Bali hotels was down by 1.9% to USD117.7. This also occurred in South Bali and the South Central Bali area. The South Bali area experienced a 1.87% decrease, which changed the 4Q 215 ADR to USD159.63. Similarly, the ADR for South Central Bali decreased by 1.76%, bringing the 4Q 215 ADR for South Central Bali to USD83.1. The numerous hotel developments in Bali have tightened the competition. Several hotels were obliged to provide lower rates to their guests in order to increase occupancy. This condition may confound the market and make the average ADR not representative of the market. % 213 214 1Q 215 2Q 215 3Q 215 215YTD Bali South Bali Area South Central Bali Area Source: STR Global Hotel occupancy in Bali in 4Q 215 increased moderately by 2.4% to 61.38%. The occupancy performance of hotels in the South Bali area is high, at 63.38%, an increase of 2.49% compared to the previous quarter. The South Central Bali area was catching up in 4Q 215 at 6.34%. Bali hotel occupancy during 215 is still underperforming. The 214 occupancy was not less than 65% all around Bali. Although hotel development in Bali was quite massive, the Christmas and New Year s tourism was expected to boost hotel occupancy in Bali, especially with the rapid development of infrastructure. Average Daily Rate USD2. USD18. USD16. USD14. USD12. USD1. USD8. USD6. USD4. USD2. USD. 213 214 1Q 215 2Q 215 3Q 215 215YTD Bali South Bali Area South Central Bali Area Source: STR Global 1 Research & Forecast Report Q4 215 Hotel Colliers International

52 offices in 67 countries on 6 continents United States: 14 Canada: 31 Latin America: 24 Asia: 39 ANZ: 16 EMEA: 18 $2.3 billion in annual revenue Primary Authors: Ferry Salanto Associate Director Jakarta 62 21 343 673 Ferry.Salanto@colliers.com Colliers International Indonesia World Trade Centre 1th & 14th Floors Jalan Jenderal Sudirman Kav. 29-31 Jakarta 1292 Indonesia TEL 62 21 343 6888 158 million square meters managed 16,3 professionals and staff About Colliers International Group Inc. Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,3 professionals operating from 52 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 1 outsourcing firms by the International Association of Outsourcing Professionals Global Outsourcing for 1 consecutive years, more than any other real estate services firm. colliers.com/indonesia Copyright 213 Colliers International. The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report. Accelerating success.