Professional Consulting Services in Valuation and Property Economics

As requested, may we take the liberty of introducing our company, Kantor Jasa Penilai Publik (KJPP) “ANTONIUS SETIADY DAN REKAN”, which is essentially involved in the valuation of tangible as well as intangible assets.

As specialist in the appraisal field, our highly professional consultants have the knowledge and experiences to provide you or your clients comprehensive studies for "Going Public", "Financing", "Mergers and Acquisitions", "Transfer of Ownership" (Sale/Purchase), "Insurance", "Property Accounting" as well as other corporate requirements. The services also include the following :

1. Property Valuation

2. Plant, Machinery & Equipment Valuation

3. Business Valuation

4. Feasibility Studies

5. Investment Analysis

KJPP ANTONIUS SETIADY DAN REKAN has been recognized as a licensed valuer by the Ministry of Finance with accreditation from the Capital Market Agency of the Republic of Indonesia (Bapepam - LK) with the following licenses : • As a Registered Kantor Jasa Penilai Publik KJPP Antonius Setiady & Rekan, with registration No. 380/KM.1/2009 dated April 13, 2009 issued by Minister of Finance.

Our experience covers every aspect of property appraisals and modern valuation requirements. Our clients have recognized our professional integrity, dependability and our supportable appraisals. We have served several companies to provide supporting testimony required by the companies for the purpose of offering of company's shares to the public (IPO), Merger and Acquisition, Fairness Opinion, Bond or Right Issue through domestic and overseas "Capital Market".

To strengthen our professionalism and gathering exchange of expertise, KJPP Antonius Setiady & Rekan becomes a member of International Network Partners with:

- ARCALAUDIS / TROOSTWIJK GROEP B. V., Amsterdam - The Netherlands with Global Network over 20 countries cover Europe, USA, Latin American, South Africa, Asia, Australia and New Zealand.

We believe that the information briefly presented in this letter can give you a clear description of the scope of our services and provide you with a vital information required for action.