| Narrative version | PT Alam Sutera Realty Tbk (the "Company"), has mandated J.P. Morgan and UBS as Dealer Managers in relation to its offer to exchange (the "Exchange Offer") outstanding 11.50% Senior Notes due 2021 (ISIN/Common Code: XS1937702311/ 193770231)(the 2021 Notes ) and its 6.625% Senior Notes due 2022 (ISIN/Common Code: XS1504809499/ 150480949)(the 2022 Notes and together with the 2021 Notes, the Existing Notes ) issued by Alam Synergy Pte. Ltd. for the Company s US$ denominated Senior Secured Notes due 2024 (the 2024 Notes ) and Senior Secured Notes due 2025 (the 2025 Notes and together with the 2024 Notes, the New Notes ), each to be issued in connection with the Exchange Offer announced on September 29 2020, and the consent solicitation to amend the existing indentures in respect of the Existing Notes (the Existing Indentures ) to remove substantially all of the restrictive covenants and all of the reporting requirements and amend certain events of default of the Existing Notes (the Consent Solicitation ). The Exchange Offer and Consent Solicitation are made on the terms and subject to the conditions set out in the Exchange Offer Memorandum dated September 29, 2020. The New Notes will be issued by the Company and will be unconditionally and irrevocably guaranteed by the Subsidiary Guarantors and secured by applicable Collateral. Noteholders who validly submit their Existing Notes pursuant to the terms of the Exchange Offer will be deemed to have delivered Consents to the Proposed Amendments. |