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)