DANAMON’S EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS (EGMS) APPROVED THE LIMITED PUBLIC OFFERING V OF PT BANK DANAMON INDONESIA TBK

The Extraordinary General Meeting of Shareholders’ (EGMS) of PT Bank Danamon Indonesia Tbk
(Danamon) today approved the company’s plan to conduct a limited public offering V through rights offering (“LPO V”) to its shareholders. As part of the LPO V, Danamon will issue 1,162,285,399 (one billion one hundred and sixty two million two hundred and eighty five thousand three hundred ninety nine) Series B shares with a nominal value of Rp 500 (five hundred Rupiah) per share at the offering price of Rp 4,300 (four thousand three hundred Rupiah) per share, with a total value of Rp 4,997,827,215,700 (four trillion nine hundred and ninety seven billion eight hundred and twenty seven million two hundred and fifteen thousand seven hundred Rupiah).
 

“The LPO V will further strengthen Danamon’s capital and balance sheet position, and support our business growth in the future,” said Henry Ho, President Director of Danamon. After the LPO V, Danamon’s proforma standalone Capital Adequacy Ratio (CAR) will increase from 12.05% to 16.98%, while its consolidated CAR will improve from 14.75% to 19.16% as of 31 March 2011. “Proceeds from the LPO V, after payment of fees and related expenses, will be allocated for the extension of credit to micro, small and medium-scale business sectors as well as automotive financing,” stated Vera Eve Lim, Chief Financial Officer and Director Danamon. The LPO V will be

PT Timah (Persero) Tbk Posted Up Income of Rp 689 Billion on the First Semester 2011

BUSINESS SITUATION

The highest refined tin price in LME on the

first semester 2011 was US$ 33,255/mt

and the lowest was US$ 24,600/mt with

the average price of US$ 29,337/mt, or

67% higher than that on the same period

in 2010 of US$ 17,529/mt.

• Global demand of refined tin expected to continue to rise over the next few years. Moreover, global refined tin consumption on 2011 is estimated 2% higher than last year the same period.
• Company seek to increase revenue by focusing on premium tin sales as well as downstream product development.

PRODUCTION AND SALES:

>Company seek to reduce dependence from onshore mining by increasing offshore production

capacity. Meantime, company is constructing new type of dredge called Bucket Wheel Dredge

(BWD) with better technology that able to mine deeper compare to our existing Bucket Line Dredge (BLD) in order to support company management strategic plan to go offshore go deeper.

>Tin ore production volume from offshore operation during first semester is 8,255 ton Sn, 9%

decreased from the same period in 2010 which is 9,085 ton. Sn. Meanwhile, tin ore production from onshore operation is 9,446 ton Sn or 11% higher than that of the same period in 2010 of 8,503 ton. Sn.

>Refined tin production by the end of June 2011 is 18,455 mton while refined tin production on first semester 2010 is 19,501 mton.

>Refined tin sales on the first half 2011 is 17,457 mton or 12 % lower than that of same period in

2010 which was 19,760 mton.

FINANCIAL

Refined tin price average received by the company during the first half 2011 is US$ 29,541 which

is 69% higher than that of the same period in 2010 of US$17,529.

 Company consolidation income on first semester 2011 is Rp 4,830 billion or 29% higher than the

Astra Agro Lestari (AALI) - As of July 2011, AALI’s CPO sales volume reached 688,888 tons

During the first seven months of 2011, AALI’s
CPO sales volume reached 688,888 tons, grew
by 20.1% from 573,608 tons in the same period
last year. Of the total CPO sales volume,
approximately 95.7% or 659,340 tons were
absorbed by local market, while the remaining
volume of 25,548 tons by export market. The
average CPO selling price of AALI in the first
seven months of 2011 was Rp 7,868,- /kg, an
increase of 19.9% compared to the same
period last year. Meanwhile, sales volume of
kernel in this period went up by 40%, from
57,991 tons in the seven months of 2010 to
81,159 tons with the average selling price was
Rp. 5,818,- /kg.

ADARO ENERGY BUYS 75% OF COAL MINING COMPANY PT MUSTIKA INDAH PERMAI FOR US$222.5 MILLION

Jakarta, August 23rd, 2011 – 

PT Adaro Energy Tbk (IDX: ADRO) is pleased to
announce that on August 19th, 2011, PT Alam Tri Abadi, a wholly owned subsidiary
of PT Adaro Energy Tbk, signed a share purchase agreement to acquire a 75% stake
of PT Mustika Indah Permai ("MIP") from Elite Rich Investment Limited for
US$222.5 million.
MIP is a coal mining company developing a greenfield coal project in South Sumatra.
MIP holds a mining permit, known in Indonesian as an IUP, which was granted in
April 2010 for a period of twenty years. The project covers an area of approximately
2,000 hectares.
Adaro Energy’s President Director, Mr. Garibaldi Thohir said, “our investment in
MIP is part of our drive to create sustainable value from Indonesian coal and achieve
our vision to become a leading Indonesian mining and energy group.”
MIP is one of a number of acquisitions opportunities that, together with organic
growth, will help Adaro Energy to achieve 80 million tonnes of production in the
medium term.
Adaro Energy’s advisors and engineers visited the area in November 2010 and
subsequently carried out a geological and drilling program. Following these and other

PP London Sumatra Indonesia gained net profit of 886 billion rupiahs

LSIP recorded a net profit of Rp 886.26 M during the first half of 2011  , grows 112.14% from Rp 417.78 M in the first half of 2010. Sales grew 52.12% from Rp 1,566.43 M in 2010 to Rp 2,382.89 M in 2011. Cost of sales grew more small percentage of sales growth, which only amounted to 36.89% from Rp 816.04 M in 2010 to $ 1,117.06 M in 2011. Operating expenses edged up 1.12% from Rp 179.71 M in 2010 to $ 181.72 M in 2011. Operating profit grew 92.14% from Rp 550.18 M in 2010 to $ 1,057.14 M in 2011. Total assets grew 15.82% from Rp 5,561.43 M per end December 2010 an advanced Rp 6,441.20 M as of end June 2011. (Source: Bisnis Indonesia)

Bank Pembangunan Daerah Jawa Barat dan Banten (BJBR)-acquisition planning

In 2012 Bank Pembangunan Daerah Jawa Barat dan Banten (BJBR) plan to acquire as many as 35 rural banks (BPR). Bank Pembangunan Daerah Jawa Barat dan Banten (BJBR) will promptly process and perform due diligence acquisition all these RBs. In October this year there are three RBs that will soon be acquired.

Unilever Tbk sold Taro Brand to Tiga Pilar Sejahtera Food (AISA)

Unilever Tbk (UNVR) just solda  portfolio of business, namely Taro Snack, to Tiga Pilar Sejahtera Food (AISA). UNVR believe the main business portfolio of home and personal care categories and food and Beverages can cover the contribution lost due to the sale of Taro. UNVR also continue to open up acquisition opportunities for another company in order to change the position of Taro.

Tiga Pilar Sejahtera Food (AISA) - 2nd Quarter Financial Result

Tiga Pilar Sejahtera Food (AISA) gained  net profit growth of 82.26% from Rp 24.75 M in half of 2010 to Rp 45.11 M in the first half of 2011. This increase of net profit is supported by a rapid growing net sales by 146.47% from Rp 302.74 M half of 2010 to Rp 746.17 M in the first half of 2011. Operating expenses grew 107.57% from Rp 23:53 M in first half of 2010 to Rp 48.85 M in the first half of 2011. Income from operations grew 77.61% from Rp 71.27 M in the first half of 2010 to Rp 126.59 M in first half 2011. Total assets grew 7.63% from Rp 1,936.95 M 31 December 2010 to Rp2,084.70 per June 30, 2011.

Salim Group buy 4.78 million stock of Indomobil Sukses Internasional (IMAS)

Trinity Intipermata (TIP), a company owned by the Salim Group, was buy back 4.78 million stock of Indomobil Sukses Internasional (IMAS). The purchase was made at a price of Rp 12,000 per share so that total value reached USD 57.3 M. Purchases made ​​on July 29, 2011. The purpose of this buyback is for long term investment. TIP is a shareholder of IMAS who own stock of IMAS above 5%. Majority shareholder of Indomobil Sukses Internasional (IMAS) is Cipta Sarana Duta Perkasa with ownership of 52.35%.

United Tractors - Coal Mine Acquisition Planning

United Tractor Tbk (UNTR)  through its subsidiary, Pamapersada Nusantara, targeting 500 million tonnes of  coal reserves within the next 3 years by acquisition some coal mines. Currently the company's coal reserves is about 250 million tons.
UNTR will use funds from the rights issue around Rp 6:07 T to acquire some coal mines.

Gudang Garam Tbk. First half 2011 Financial report

GGRM recorded a net profit Rp 2:29 T in the first half of 2011 which increase 28.85 % from the same period last year Rp 1.78 T or grow. Operating revenues increased from Rp 18 T to Rp 19.85. Operating income rose by 25.36% from the same period last year Rp 2:52 M to 3:16 M  Total assets edged down 0.01% compared to last year from Rp 30,742 to Rp 30 738 T T.

Telekomunikasi Indonesia Tbk - First Half 2011 financial statement

PT. Telekomunikasi Indonesia  reported net income first half 2011 was decreased 1:53% of Rp 6:03 T in the first half of 2010 to USD 5.94 T. The decline also occurred in the operating income of 3.65% of Rp to Rp 10.92 11:34 T T. Operating revenues  increased by 2:22% YoY to Rp 34.46 T. While operating expenses rose 5:20% compared to the first half of 10 to Rp 23:53 T. While total assets increased very thin at only 0.08% from Rp 99.76 T at the end of the year 2010 to Rp 99.83 T in mid-2011