Corporate Presentation January 2012

Top 10 Best Performing companies in Indonesia

Best Overall for Corporate Governance in Indonesia

Key Investment Highlights

Strong Future Growth

Largest Private sector Petroleum distributor of Unsubsidised fuel in Indonesia Largest Bulk Chemicals Distributor in Indonesia

Robust Financial Performance

Entry into Coal Mining and Coal Logistics First Private Company allowed to distribute Subsidised Fuel

2

Extensive Logistics to handle bulk products

Integrated Logistics and Supply Chain Company

Coal Mining & Coal Infrastructure in Central Kalimantan

Petroleum distribution Unsubsidised fuel

Retail Stations For Subsidised Petroleum

Container Ports, Coal Terminals, Bulk Cargo Ports in Guigang, China

Logistics Port Operations – bulk cargo & containers Indonesia Basic Chemicals distribution

3

Independent Petroleum Storage & Value added services

Delivering Consistent High Growth in Revenue and Net Profits Strong Revenue Growth 14,383

7

of GR A C rs Ye a

36%

12,195

9M 2011 Sales Revenue Break down 9,476

8,960 Logistics 3%

5,895

Chem 12%

3,970 1,382

2003

2,187

2004

2,828

2005

2006

2007

2008

2009

2010

Consistent Earning Growth

7

rs Ye a

5% of 3 R G CA 191

54

2003

119

128

2005

2006

9M 2011 456 Petrol 81%

311 275

210

76

2004

Mfg 4%

2007

2008

2009

2010

9M 2011

4

Delivering superior returns to Stakeholders Share Performance AKR Corporindo Tbk PT JSX COMPOSITE INDEX

1 Month 6 Months 1 Year +1.68% +40.70% +74.86% +0.78% -3.65% +2.85%

5 Years +485.49% +107.41%

AKRA IJ

Source: www.ft.com (1 Jan 2012) • Bloomberg Code

: AKRA IJ

• Market Cap (US$ mn) :

1,260

• Issued Shares (mn)

3,822

:

• Major Shareholders (%) • PT Arthakencana Rayatama 59.68%

:

• Others 40.32%

:

5

Awarded for Good Corporate Governance 2011 • • • •

Best Best Best Best

Overall for Corporate Governance in Indonesia – Rank 2 for Investor Relations in Indonesia – Rank 1 for Disclosure and Transparency in Indonesia- Rank 2 for Responsibilities of Management and the BOD in Indonesia- Rank 3

• Haryanto Adikoesoemo - Best of Best CEO in Indonesia • Corporate Governance Asia Recognition Award 2011: The Best of Asia • Top 10 Best Performing Companies in Indonesia

2010 • • • • • •

Best Best Best Best Best Best

Overall for Corporate Governance in Indonesia for Disclosure and Transparency in Indonesia for Responsibilities of Management and the Board of Directors in Indonesia for Shareholder’s Right and Equitable Treatment in Indonesia for Investor Relations in Indonesia Investor Relations Officer in Indonesia

Asia Best Companies • Indonesia’s Best Investor Relations

2009 • The Best Managed Small-Cap Corporate in Indonesia • Haryanto Adikoesoemo – E & Y Entrepreneur of the year- Indonesia

2008 • Best Investor Relations Officer in Indonesia

6

Infrastructure spread across the vast Indonesian Archipelago Tank Terminals, bulk warehouse, Ports, Petroleum tankers, Trucks to service customers across Indonesia Operates in 18 major sea and river ports in Indonesia Kalimantan:

Sumatera: 1.

Medan

2.

Parawang (Terminal & Dermaga)**

3.

Palembang (Terminal & Dermaga)

4.

Lampung

11

Stagen

12

Pontianak

13

Banjarmasin

14

Buntok Baru**

15

Sanga sanga / Samarinda **

16

Satui

Sulawesi:

1

17.

Makassar

18.

Bitung**

Eastern Indonesia :

18 2

16

14

12

15 3

19

13 5

6

4

8

11

9

20 17

10 7 Jawa: ** Under construction *** Tankers being acquired

5.

Ciwandan (Merak)

6.

Jakarta

7.

Bandung

8.

Semarang

9.

Surabaya

Bali:

10. Benoa

7

19.

Tanker***

20.

Tanker***

Assets Petroleum and Chemical Tank Terminals

Location: Medan- Palembang- Lampung- Banten- Bandung- Jakarta- SemarangSurabaya- Tanjung Benoa- Pontianak- Stagen- Satui- Banjarmasin- Muara TeweSanga-Sanga- Pangkep Number of Tanks: 135 Tanks

Total Cap: 542,650 KL

8

Under construction: 76,900 KL

Assets Sea and River Transport

SPOB AKRA 20 Capacity (DWT)

Ownership

Permit

MT AKRA 10

1.000

AKR

SIOPSUS. No B XXXIV.239/AT 54

SPOB AKRA 20

2.000

AKR

MT & TNB (20 Units)

27.050

Chartered

TOTAL

30.050

Vessel

9

Assets Road Transport units

10

500+ units fleet ( Owned + 3rd Party )

Assets Bulk Warehouses

Location : Medan Bandung Jakarta Semarang Surabaya Total Space : 58,240 M2

11

Assets River Ports in Pearl River China

5 River Ports handling Containers and General Cargo Coal and Bulk Cargo in the Pearl River

12

Guigang- Guangxi- China

Largest distributor of Basic Chemicals Principals

Basic Chemical Portfolio Caustic Soda Hydrochloric Acid PVC Resin Soda Ash Sodium Sulfate Sulfuric Acid Methanol

Customes covering entire spectrum of Indonesian Economy • • • • • •

Chemicals Textiles Paper Construction Consumer Industry Fertilizers

Agriculture Plywood and wood working Food and Pharmaceuticals Mining Energy Bunker Services

• AKR is Indonesia’s largest Basic Chemicals distributor with over 50 years of operation history (since 1960’s) • Dominant market share as a supplier of many of the Basic Chemicals that it distributes • Stable Revenues Stream: Predominantly commission based products 13

Basic Chemical Performance Indonesian GDP and consumer growth drives Revenues Quarterly Basic Chemicals Revenue (Rp bio)

Quarterly volume of Basic Chemicals (k MT)

261

280

286

306

302

310

332

754

294

446

1Q10

645

665

2Q11

3Q11

584

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

1Q10

4Q11

520

488

480

2Q10

3Q10

4Q10

2,261

2,273

3Q11

4Q11

Quarterly Basic Chemicals ASP (Rp / kg)

1,936 1,707

1,745

1,677

1,702

1Q10

2Q10

3Q10

4Q10

14

1Q11

2,084

2Q11

1Q11

4Q11

A major player in Distribution of Petroleum Products in Indonesia

15

Delivering fuels from Reliable and efficient end-to-end supply chain End-to-end supply chain International Suppliers

AKR Corporindo Logistics/Supply Chains

Refineries

Hub Terminal

Terminal

Inv Mgmt System

Import

Small Vessel

Barge

Truck

Petroleum Products

Gasoil Fuel Oil Industrial Diesel Oil Mogas

Customers

How AKR adds value to our Petroleum customers:

• Controls the entire Supply Chain thereby ensuring Quality products and reliability in supplies • Petroleum products from Reputed Oil Majors • Competitive pricing • Innovative solutions to customer requirements 16

Overview of Indonesian Petroleum downstream Market Indonesia Consumption of Refined Products Indonesia Downstream Petroleum Market 2011

Increase in Imports to meet shortfall in domestic production (k bbl/day) 1,500 1,400

Non40% Non Subsidised Subsidized 26.4 Mn KL Fuel, 25

1,300 1,200 Subsidised Subsidized 40.45 Mn KL

Fuel, 37

1,100

60%

1,000

Consumption Source : Ministry of Finance

Production

20 10

20 08

20 06

20 04

20 00

800

20 02

900

Consumption Linear Trendline

Source : BP Statistical Review of World Energy 2011

Subsidy quota for 2012.. 37.5 Mn KL Ron 88 .. Premium 21.9 Mn KL, Kerosene 1.7 Mn KL, Diesel 13.9 Mn KL

• Indonesia is one of the largest downstream petroleum market in the Region • Deregulation mandated by Law 22/2001 implemented from Oct 2005 • Commodity boom and Strong GDP growth is driving energy demand • AKR being the first mover has invested in infrastructure and registered significant increase in Petroleum sales

17

Indonesia now a Net Importer of Petroleum products - Falling crude and refinery output pushes Imports Forecast of Indonesian Petroleum Consumption

‘000 BBL 120

100

'Miillion Kilo liters

80

60

40

20

0 2010

2012

2014

2016

2020

2022

2025

2027

2030

Year Gasoline

Refined Products consumption

Gasoline Diesel Kerosene Fuel Oil Total Mn KL Total '000 Bbl per day

Kerosene

Fuel Oil

2010

2012

2014

2016

2020

2022

2025

2027

2030

21.58 31.36 8.89 5.07

23.79 31.51 8.48 5.48

26.23 31.89 8.11 5.91

28.91 32.68 7.94 6.15

35.15 35.1 7.19 7.46

38.75 36.46 6.94 8.07

44.86 38.73 6.62 9.07

49.45 40.4 6.44 9.81

57.25 43.13 6.21 11.03

66.9

69.26

72.14

75.68

84.9

90.22

99.28

106.1

117.62

1,153

1,463

18 Source: BCG Report / Pertamina

Diesel

2,027

Petroleum sales volume grew 51% CAGR (2006 -2011) Low base offers future growth opportunity

Strong Growth in AKR Sales Volume

y 50

o

y 2,040

% 1,356

1,025 671 522 258 21 2005

2006

2007

2008

2009

2010

(Million KL) 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 -

2011

AKR Market Share 8.0%

AKR Market Share 0.3%

38.5 24.4 2.0

0.1

Non Subsidized

Subsidized AKR

Other Players

• Sales volume in 2011 reached over 2.0 Million Kilo liters ( 50% growth Y o Y ) • Growth driven by higher sales volume to Mining companies in Kalimantan, Irian Jaya and Eastern Indonesia • Significant growth opportunity considering current market share and increased demand for Petroleum products in Mining, Power and other sectors

19

Providing value added solutions to miners in Kalimantan • • • •

Eastern Indonesia Provinces contribute over 70% of AKR fuel sales Driven by demand from coal mining/energy related sector. Established a robust supply chain with coastal and inland terminals Delivery mechanisms to service customer requirements – SPOB, Fuel Management systems

Kalimantan Island

Stagen, Pulau Laut Hub (80,000 KL) Sanga-Sanga Pontianak

Muara Teweh Balikpapan

Banjarmasin

Stagen (HUB Terminal)

Existing Terminal Proposed New terminal

20

SPOB for river transport

Petroleum distribution – strong revenue growth Quarterly voluem of Petroleum (k KL) Quarterly Petroleum revenue (Rp bio)

592 507 399 259

4,298

490

450

405

3,464

293

2,105 1,391

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q10

Quarterly Petroleum ASP (Rp / L) 7,652 6,830 5,382

5,597

5,279

1,642

2Q10

3Q10

4Q10

2Q10

3Q10

2Q11

7,599

Jawa & Bali 21%

5,767

4Q10

1Q11

Petroleum Volume by Region

7,258

1Q11

2Q11

3Q11

4Q11

21

3,422

2,336

Kalimantan, Sulawesi, Papua 71% 1Q10

3,750

Sumatera 8%

3Q11

4Q11

Growth Drivers 2012- 2015 1. Opportunity for growth in Retail Sector

22

Fuel subsidy removal priority of the Indonesian Government 2011 Energy Subsidies Allocation as % of budget

Fuel Subsidies Rp Trillion 180

Salary Allow 22%

168

160

140

123 92

88

100 67

60

Energy Subsidy 16% Other sub 6%

Others 2%

58

Capital Invst 16%

Soc Assist 8%

40

20 2005

2006

2007

2008

2009

2010

2011

2012(B)

Interest 14%

Mtl Proc 16%

Subsidies availed by the well to do class – Mis allocation of subsidies

Higher Income range

Middle Income Range

23

Lower Income Range

Recent Developments on Subsidy Removal •Indonesian government has announced plans for limiting fuel subsidies during 2012 •Law No. 22 of 2011 on the Indonesian State Budget 2012 mandates limitation of use of subsidized gasoline for private cars •Private car owners in Java and Bali banned from using subsidised fuel wef April 1, 2012 •Deregulation of the Retail segment expected to open up market in the coming years • Opportunity for local and foreign players to participate in Retail distribution

Oil Majors are currently only selling Un subsidised Gasoline

24

Reappointed to distribute Subsidised fuel during 2012

• •

AKR has been re appointed by BPH Migas to distribute subsidised fuel during 2012. Operates retail stations – Own / Franchisee owned in 31 locations Province

# petrol station

• North Sumatra • Lampung • West Kalimantan • South Kalimantan • East Kalimantan • South Sulawesi Total

7 10 5 5 3 1 31

Franchisee Based Business Model I T systems and packages implemented to control operations Presents Growth Opportunity as Subsidised segment is deregulated

25

Provider of Petroleum logistics facilities to oil majors - Independent Tank Storage and Haulier Services Independent Tank terminal facilities from the largest Private Tank Storage facilities in Tanjung Priok Port – Joint venture with Royal Vopak Premium haulier for meeting the transportation needs of Oil Companies

Largest Independent Petroleum Storage facility in Jakarta – inaugurated 2010

Premium Transportation Provider

26

Petroleum Distribution Growth Plan

Consolidate and grow market share

Develop Franchise Based Retail distribution supported by Network

Mining, Power Industrial and Commercial Sector

Participate in opening up of Retail Sector

( Un subsidised )

( Now subsidised )

2011

Provide Value added Terminal and Haulier Facilities to Third Parties

2015 27

Building an Integrated Coal Logistics & Coal Mining and distribution Business

28

FLASH : First shipment of Coal delivered in December 2011 First Shipment of Coal delivered to Buyer from Muara Tewe Port on December 21, 2011 Coal Specification : S. No

Parameters

Typical Values

1

GCV KCals / kg on ‘As Received Basis’

5000

2

TM % (As Received Basis)

26

3

IM % (Air Dried Basis)

18

4

Sulfur % (Air Dried Basis)

Max1

5

Ash % (Air Dried Basis)

8%

6

VM % (Air Dried Basis)

36

7

HGI

59

8

Size

0 – 50 mm – 90%

AKR coal expects to increase production of coal and commence exports to China during 2012

29

Coal Logistics infrastructure to connect Pit to Port in China

Kalimantan, Indonesia

Building an integrated Coal Logistics Infrastructure to enable movement of coal from Mine to Customer a) Hauling Roads from Pit to River Port - 50: 50 JV with Forest concession owner in Central Kalimantan b) River Port at Buntok Baru - Already commissioned c) Intermediate stock pile at Teluk Timbau - Under Planning – completion by 2012 d) Coal Ports in Guigang China - Acquired in 2006, expansion and building of stock pile completed e) Announced acquisition of 33.5% shareholding in PT Jabal Nor, a company in Tapin, South Kalimantan engaged in Coal river Port and Road project.

30

Coal Mining and Infrastructure Assets Coal Concessions

24,388 ha

Indonesian Coal Terminal

China Guigang Coal Terminals

Hauling Roads & Coal Ports

PT Anugerah Karya Raya ( AKR : 94.64%) Coal Concessions : IUP / CCOW • PT Bumi Karunia Pertiwi – Operational since July 2011 • • • •

PT PT PT PT

Sarana Tambang Utama Rizki Tambang Selaras Mineral Tambang Wahana Baruta Abadi

Not yet operational

• Location : Muara Tewe, 38 ha, capacity 1,000 MT/hour, 100% owned by AKR, handles AKR and 3rd Parties Coal, commissioned in 2011 • Intermediate coal terminal under construction at Teluk Timbau, area 42 ha, Ownership: 100% AKR, expected to be completed by 2012.

AKR Guigang Transshipment Port, China (AKR : 78%) & AKR Guigang Port ( AKR 100%) • Coal Terminal capacity 8 mn MT • Acquired in 2006 • Coal Market: End Users (Power Plants, Steel Factory, Industrials, etc) PT Berkah Rukun Bersama ( JV 50: 50 ) • Central Kalimantan : Upgrade and develop road infrastructure 58 kilometers to serve AKR mines and 3rd party users PT Jabal Nor ( AKR : 33.5%) • South Kalimantan : Project to develop 28 kms coal hauling roads and Coal port in Tapin Regency, to serve 3rd party coal mines

31

Coal mining in Central Kalimantan; it is about logistics Capitalizing on its strong logistics and supply chain capabilities AKR is now investing and building a robust coal mining and coal logistics business in Central Kalimantan % of Logistics cost Muara Tewe 51 km

AKR Buntok Baru Coal Terminal

213 km

AKR Coal Mining

Map of Kalimantan

23 9k

m

AKR Teluk Timbau Intermediate Stock Pile (ISP)

• Over 50% of the FOB cost of Coal mined in Central Kalimantan is Logistics • Mining cost – paid to Mining contractor includes 30% cost of Fuel • AKR sees significant Synergies in Coal Business Medium to High CV Coal

• Central Kalimantan home for medium to high calorie coal • Logistics infrastructure key to mining and transporting coal • Low Sulphur – ideal for blending with Chinese coal

Coal Resources in Central Kalimantan Inferred

: 2,427,890,674 MT

Indicated

: 1,576,837,874 MT

Measured

: 1,353,795,594 MT

Total

: 5,358,524,142 MT

Source: Central Kalimantan Government

Coal Logistics Network from Buntok Baru to Taboneo Transshipment Port

32

Synergies between coal, petroleum, and logistics Key Strategies: 1. Mine and distribute coal from Own mines in a cost effective way 2. Synergize with Petroleum distribution business 3. Develop hauling roads, coal terminals for own use and also generate 3rd parties logistics income 4. Opportunity to buy coal directly from surrounding mine sites 5. Explore opportunities to acquire undervalued coal concessions surrounding AKR coal logistics network 6. Market coal to China through AKR Coal Terminal in Guigang River Ports: • Blend with high sulfur Chinese coal and sell as environmentally friendly coal • Increase coal handled in AKR Coal Terminal in China

Linking the world’s largest thermal coal exporter with the world’s largest consumer of coal

Coal Mining

Hauling Road

Indonesia coal terminal 33

Guigang Coal Terminals

2011 – Year of Profitable growth in Trading and Distribution

34

9M 2011 Financial performance Strong core net profit and revenue growth in 9M 2011 driven by strong petroleum performance

Consolidated Income Statement (IDR billion) Sales Cost Of Goods Sold Gross profit Operating expense Operating profit Interest expense Forex gain (loss) Other income (expense) Earning Before Tax Tax Earning before minority interest Minority interest Net income Extraordinary items Net income including extraordinary items Gross margin Operating margin Net margin

9M11 9M10 % increase 14,383 8,538 68.5% 13,626 7,858 757 680 11.3% 291 360 466 320 45.4% -28 -83 80 57 38 22 556 317 75.6% -112 -58 444 258 71.8% 13 -33 456 225 102.4% 1,683 0 2,139 225 849.4% 5.3% 3.2% 3.2%

8.0% 3.8% 2.6%

Performance of Trading and Distribution Business

Income Statement (IDR billion) Sales Cost Of Goods Sold Gross profit Operating expense Operating profit Interest expense Forex gain (loss) Other income (expense) Earning Before Tax Tax Earning before minority interest Minority interest Net income gross margin operating margin net margin

35

9M11 9M10 % increase 13,594 6,685 103.4% 12,996 6,389 597 296 102.2% 180 133 418 162 157.3% -4 -43 78 53 46 5 537 178 202.0% -101 -31 436 147 196.5% 0 0 436 147 196.5% 4.4% 4.4% 3.1% 2.4% 3.2% 2.2%

Top line driven Strong growth performance in all segments reported during 9M 2011 drives profitability

Products Trading and Distribution Petroleum Basic Chemicals Logistics - General & Bulk BU, UEPN, & ADH AGP & AGTP Logistics - Container Indonesia GGACP Manufacturing Aruki Khalista Coal Trading

Unit

9M11

KL MT

1,589,339 905,242

950,691 826,848

67.2% 9.5%

MT MT

6,925,268 2,604,167

5,376,498 3,228,106

28.8% -19.3%

TEUs TEUs

108,061 58,795

143,070 33,142

-24.5% 77.4%

MT MT MT

66,835 69,226 17,742

53,346 46,817 12,534

25.3% 47.9% 41.5%

36

9M10

% increase

Strong balance sheet to fund growth Balance sheet as at September 30, 2011 compared to June 30, 2011 and Dec 31, 2010 Consolidated Balance Sheet (IDR billion) Current asset Cash Trade receivable Other receivable Inventory Prepaid expense Other current asset Noncurrent asset Fixed asset Other noncurrent asset Total asset Current liabilities Trade payable Other payable Advance received Accrued expense Short-term loan Other short-term liabilities Long-term liabilities Long-term loan Other long-term liabilities Minority interest Equity Capital Retained earning Total liabilities and equity

30-Sep-11 30-Jun-11 31-Dec-10

Working Capital Turnover 70

1,334 2,198 92 1,181 309 54

1,591 2,192 79 947 358 138

716 1,607 79 1,425 78 125

66 60 50 42

40 30

24

20

2,370 571 8,109

2,314 496 8,115

3,038 600 7,666

10 0 3M10

6M10

9M10

Receivable Days

3,269 150 24 124 155 129

2,688 133 92 133 123 137

1,967 188 11 141 1,441 95

826 62 188

836 57 188

880 82 472

1,114 2,069 8,109

1,076 2,652 8,115

1,173 1,213 7,666

37

12M10

3M11

Inventory Days

6M11

9M11

Payable Days

Net Gearing 1.1

0.8

0.7

0.7

3Q10

4Q10

0.6

4Q09

1Q10

2Q10

1Q11

2Q11

-0.2

-0.2

3Q11 -0.1

Key financial ratio Ratios profitability gross margin operating margin net margin Return On Asset * Return On Equity *

Unit % % % % %

asset management * total asset turnover receivable period inventory period payable period cash conversion cycle leverage current ratio asset / equity net gearing times interest earned * Annualized 38

9M11

9M10

5.3% 3.2% 3.2% 7.5% 19.1%

8.0% 3.8% 2.6% 4.2% 12.6%

x days days days days

2.4 42 24 66 0

1.6 54 38 54 37

x x x x

1.3 2.5 -0.1 81.9

1.1 3.0 0.7 4.8

Consistent payout of dividend Consistent dividend payout ratio above 30% in the last 7 years.

Cash Dividend per Share (Rp)(1) 8 12 13 19 21 25 32 335(2)

Year 2004 2005 2006 2007 2008 2009 2010 2011

(1) adjusted with a 1: 5 stock split

140 120 100 80 60 40 20 -

Total Dividend (Rp Mn) 24,960 37,440 40,560 59,379 65,633 94,591 122,289 1,276,355

(%)

Historical Cash Dividend Payment 122

Consistent Payout Ratio

40%

95 35% 59 25

37

Payout Ratio 32.8% 31.4% 31.7% 31.0% 31.2% 34.4% 39.3% - na -

(2) Interim dividend. Including Interim Dividend II of Rp 200/share paid on 8 September 2011 (Cum Date is on 22 August 2011)

(3) 6M 2011 Net Profit

(Rp Bio)

Net Profits (Rp Mn) 76,117 119,289 128,084 191,208 210,033 274,718 310,916 1,958,263(3)

66

41

39%

34% 33% 31%

32%

31%

31%

2005

2006

2007

2008

30% 25%

2004

2005

2006

2007

2008

2009

2004

2010

39

2009

2010

Outlook 2012

40

Consolidated Revenue 2010 - 2012

Revenue (IDR billion) 12,195

Year 2010

YOY Growth

2011 E

18,589

52%

2012 B

24,970

34%

Consolidated Revenue (in IDR billion)

rs CA 6 Yea

3,970

2006

) 012 B 2 6 00 GR ( 2

24,970

% of 36 18,589 12,195

9,476

8,960

2008

2009

5,895

2007

2010

2011 E

The figures for 2011 are subject to audit. Read Disclaimer

41

2012 B

Consolidated Net Income Estimates Net Income (IDR billion) 311

Year 2010

YOY Growth

2011 E

610

96%

2012 B

735

20%

Consolidated Net Profit (in IDR billion)

735 610

128

2006

f 34% o ) B - 2012 6 0 0 2 ( 311 CAGR s 275 r a e Y 6 210 191

2007

2008

2009

2010

2011 E

2012 B

Note : 2011 Net Profit Estimate not including Extraordinary gain of Rp 1,683 Billion The figures for 2011 are subject to audit. Read Disclaimer

42

Revenue Projection 2011 and 2012 Petroleum Sales Value (IDR billion)

Chemicals Sales Value (IDR billion) 3,031

19,574

2,525

14,637

1,934

7,477

2,010

2011 E

Sales Value Coal

2012 B

2,010

2011 E

Sales Value Aruki (IDR billion)

AKR (IDR billion)

Sales Value Khalista (IDR billion)

380

366 788

239

2012 B

439

459

2011 E

2012 B

288

5

0

0

2,010

2011 E

2012 B

2,010

2011 E

2012 B

The figures for 2011 are subject to audit. Read Disclaimer

43

2,010

Capex Plans 2012 Company AKR

Amount (IDR Million) 945,623

UEPN

150,000

ARUKI

13,529

JTT

13,515

GGACP

36,232

AGTP

79,346

Total Exchange rates: USD RMB Note : Excludes Capex and Investments of AKR Coal

1,238,245 8,700 1,400 44

Capex 2012 AKR BU PT AKR CORPORINDO, Tbk Budget Capital Expenditure 2012 Sl

Particulars

Budget Rp Million

1 AKRA 30- OIL BARGE

17,850

2 AKRA 60- TUG BOAT

10,150

3 AKRA 50- SPOB

17,500

4 H2SO4 Project - Surabaya

31,794

5 LAB and methanol Methanol - Surabaya

39,354

6 HCL Project - Surabaya

61,562

7 Capex for Buntok Baru, Teluk Timbau, and Bitung, Surabaya Jetty 8 Tanker and Inland Transportation

500,000 90,000

9 Palaran

150,000

10 Furniture, Office, Equipment

27,413

Total

945,623

11 UEPN : - HMC, Port equipment

150,000

AKR BU

1,095,623

45

Thank you Please visit us at www.akr.co.id Mailing address: PT AKR Corporindo Tbk. Wisma AKR, 6-8th Floor Jl. Panjang no.5, Kebon Jeruk Jakarta 11530 Indonesia Contacts: V Suresh Director AKR Corporindo Tbk. e-mail [email protected] ph +62 21 531 1177

Disclaimer: This communication is solely for the addressees) and may contain confidential or privileged information. This publication does not have regard to specific investment objectives, financial situation and the particular needs of any specific person or entity who may receive this report. Accordingly, neither we nor any of our affiliates nor persons related to us accept any liability whatsoever for any direct, indirect or consequential losses or damages that may arise from the use of information or opinions in this publication. Many factors, including those discussed more fully elsewhere in this release and in PT AKR Corporindo Tbk Or its affiliates' filings with the respective regulatory authorities particularly their quarterly financial statements, annual reports, corporate presentations as well as others, could cause results to differ materially from those stated. Opinions expressed may be subject to change without notice. Please contact us if you do not wish to receive these communications in the future.

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