ACQUISITIONS AND DISPOSALS :: CHANGES IN COMPANY'S INTEREST :: NEW SUBSIDIARIES

* Asterisks denote mandatory information

Name of Announcer *
SINARMAS LAND LIMITED
Company Registration No.
199400619R
Announcement submitted on behalf of
SINARMAS LAND LIMITED
Announcement is submitted with respect to *
SINARMAS LAND LIMITED
Announcement is submitted by *
Kimberley Lye Chor Mei
Designation *
Company Secretary
Date & Time of Broadcast
03-Jan-2014 18:07:27
Announcement No.
00115

ANNOUNCEMENT DETAILS

The details of the announcement start here ...
Announcement Title *
New Subsidiaries
Description
The Board of Directors of Sinarmas Land Limited (SML) wishes to announce the establishment of the following subsidiary companies in Indonesia:

Subsidiary companies of PT Paraga Artamida (PA):

(1) PT Duta Usaha Sentosa (DUS)

DUS was established with an initial issued and paid up share capital of IDR12.5 million (equivalent to SGD1,250) comprising 12,500 shares of IDR1,000 each fully paid up.

(2) PT Bumi Megah Graha Asri (BMGA)

BMGA was established with an initial issued and paid up share capital of IDR30 billion (equivalent to SGD3 million) comprising 30,000 shares of IDR1 million each fully paid up.

The principal activity of both DUS and BMGA is that of real estate development and/or related business.

PA is a subsidiary company of SML.

Subsidiary company of PT Putra Alvita Pratama (PAP):

(3) PT Putra Tirta Wisata (PTW)

PTW was established with an initial issued and paid up share capital of IDR50 billion (equivalent to SGD5 million) comprising 100 million shares of IDR500 each fully paid up. The principal activity of PTW is that of property management and/or related business.

PAP is a subsidiary company of PT Duta Pertiwi Tbk, which is in turn a subsidiary company of SML listed on the Indonesia Stock Exchange.

(Note: The amount in SGD equivalent using exchange rate as at 31 December 2013 of IDR1= SGD0.0001)

By Order of the Board
SINARMAS LAND LIMITED

Ferdinand Sadeli
Director
3 January 2014
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