The material that follows is a confidential presentation of general background information about PT. Hokindo Properti Investama and its subsidiaries (collectively, “Hokindo” or the “Company”) as of the date of the presentation. It is information in summary form and does not purport to be complete. No representation or warranty, express or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of this information. This presentation may contain certain forward-looking statements and information relating to Hokindo that reflect the current views and/or expectations of Hokindo and its management with respect to its performance, business and future events. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like “anticipate”, “believe”, “estimate”, “expect”, “forecast”, “plan”, “predict”, “project”, “target” or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation, including: market acceptance of Hokindo’s products or services; volatility in the property industry, the Indonesian economy and the financial markets; changes in legislation, accounting standards, taxation and government policies affecting the property sector. In no event, neither Hokindo nor any of its affiliates, directors, officers, agents or employees, nor the shareholder, or advisors shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this presentation or for any consequential, special or similar damages.

All forward-looking statements in this presentation are based on information and data available as of the date they were made, and Hokindo undertakes no obligation to update them in light of new information or future developments. This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part without Hokindo’s prior written consent.

This presentation does not constitute an offer, or invitation, or solicitation of an offer, to subscribe for or purchase any securities. Neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever.

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