The Company hereby announces to The Shareholders that the Company will held Extraordinary General Meeting of Shareholders (“Meeting”) on:

	Day/Date	:	Monday, 15 February 2016
	Time	:	10.00 am – finish
	Vanue	:	Jakarta

Those entitled to be present or represented at the meeting shall be:

1. for stocks that are not in collective custody: the Shareholder or the Proxy whose name legitimately listed in the Shareholder Registry of the Company dated 21 January 2016 until 04.00 pm in PT Raya Saham Registra, as the Company’s stock administration bureau domiciles in Jakarta addressed at Gedung Plaza Sentral, Lt. 2 Jl. Jend. Sudirman Kav. 47-48 Jakarta 12930; and
2. for stocks that are in collective custody: the Shareholder or the Proxy whose name legitimately listed on account holder or custodian bank in PT. Kustodian Sentral Efek Indonesia (“KSEI”) dated 21 January 2016 until 04.00 pm. For KSEI account holders in collective custody are required to provide the Shareholder Registry of the Company managed by KSEI to obtain written Meeting Confirmation.

Each Shareholder’s proposal will be added in Meeting Agenda which meets requirement in article 14 clause 6 Company’s Articles of Association and has to be accepted by The Board of Director in no more than 7 (seven) days before Meeting Summons’s date, which is on Friday, 15 January 2016.

Pursuant to Article 21 clause 4 Company’s Articles of Association and Article 13 clause 3 Financial Service Authority’s Regulation No. 32/POJK.04/2014 regarding Planning and Implementation of the Public Company’s General Meeting of Shareholders, The Summons of Meeting will be announced in 1 (one) daily newspapers in Bahasa Indonesia on Monday, 22 January 2016, Stock Exchange’s website and also the Company’s website.

Henceforth, regarding to Meeting Agenda related to the planning of capital increase to provide Pre-emptive Rights (“PR”), herewith informed as follows:

1. The maximum number of PR shares
   The Company plans to issue as much as possible up to 400.000.000 (four hundred million) class C shares of common stock with par value Rp 1.000,00 (one thousand Rupiah). The number of shares to be issued will be subjected to the purpose of the Company’s funds and the exercise price of the Rights. In the event changes in maximum number of shares to be issued, the Company will announce no later than to The Summons of Meeting scheduled to be held on 22 January 2016.
2. Estimated Implementation Period PR
   The Company plans PR implementation will be held as soon as Meeting Approval obtained, considering Financial Service Authority’s Regulation No. 32/POJK.04/2015 implementation will be done in no more than 12 (twelve) months from the Meeting Approval given date.
3. Analysis on the effect of the capital increase against Company’s financial condition and the Shareholders
   The effect of the capital increase, among others, is to (i) raise fresh funds which will be used to expand the Company's business and (ii) to increase the number of outstanding shares. Thereby with the capital increase through PR, number of shares in the market and the frequency of shares trading will increase, or in other words, the liquidity of the stock can be improved.
4. Estimates outline the use of funds
   All proceeds from the Rights Issued, after deducting the emissions costs, shall be allocated by the Company entirely for the Company’s business development of commercial farm which can be done through new projects development or for others Company’s business purposes to be specified further at the time of rights execution.   
   
   Thus informed, so to be advised and noticed by The Shareholders.

Jakarta, 7 Januari 2016
Board of Directors