Jakarta, July 19, 2011- PT. Medco Energi Internasonal Tbk is pleased to announce its success on the offering of the first phase of Self-Registered Medco Energi Internasional USD Bond I ("Self-Registered USD Bond I) amounting USD 50 Million, as part of the Self-Registered USD Bond I's maximum principal amount of USD 150 Million. The Self-Registered USD Bond I is ranked id AA-(double A minus, negative outlook) from PT. Pemeringkat Efek Indonesia (PEFINDO), as stated in certificate No.564/PEF-Dir/IV/2011 April 28, 2011.

Since Self-Registered USD Bond I Phase I bidding process began on June 14, 2011, Medco Energy has successfulyy obtained USD 50 Million on July 14, 2011, with coupon rate of 6.05% per annum, which will be paid quarterly starting on October 7, 2011. Approximately 60% of the funds obtained from the Bond proceeds after cost of issuance will be used as full or partial repayment of the Company's debts with priority toward maturing debts and/or the company's debt with higher interest rates and approximately 40% of which will be used for the Group's capital expenditure.

Managing Underwriter appointed by the Company are PT Bahana Securities and the Trustee of PT Bank Mega Tbk