PHILOSOPHY To understand and service our clients’needs by aligning our interests with the clients.

We bring western standards of dynamic financial advise structuring with asian values of relationship & trust

Client service of a boutique with the resources of a global investment bank

Simasindo is a Jakarta based Investment Holding, investing in Asset Management, Hotel Development, Property & Housing Development, Hedge Funds, Private Equity and Capital Market Investment. Since establshed in 2005, Simasindo has seen rapid growth as Asset Under Management has amounted to Rp 2 Trillion (USD180 Million). We are a multifaceted company with strategies industry.

To Become a Leading Holding Investment Group in South East Asia As an investment Holding, our subsidiaries in Asset Management and Financial Services will be a backbone to support all activities within the group.

Developing and Integrating Hotel networking through out the region, primarily focusing in major cities in Indonesia like Bali, Jakarta and cities to support the growth of Indonesian Tourism development.

Any line of business within the group is encouraged to expand taking into account the momentum of the Indonesian economic growth.

The Management Erry Sulistio

Made Adi Wibawa

Ronny Tome

Founder and CEO of Del Mango & Del One Seminyak Bali.

Director

Mr. Sulistio, earned Bachelor of Economics and Finance from the University of Wiscosin, USA. He has experienced in Banking, Finance and Capital Markets since 1995 and has capabilities in Mergers and Acquisitions transactions.

Mr. Wibawa graduated from Ottawa University, Kansas, USA, with Bachelor of Business Administration degree. He has experienced in the Stock Market since 1996 and a holder of Investment Manager License.

Founder and Shareholder of Del Villa Seminyak Estates and Del One Coulture Hotel Seminyak. He also the Owner and Managing Director of PT. Bali Permata Indah, a concept resort development with a health theme located in Tabanan. This German citizen is also the initiator of using Bitcoin payment in Indonesia through the sale of villa in Seminyak.

Mr. Gede has graduated from Business Finance of Iowa State University and has experience in the capital markets since 1996. He also has experience in Bali Pecatu property and has a stake in Balikom before it was acquired by Tower Bersama . He was also as an investment manager at Indika Group Holding.

Founder and Managing Director of Simasindo Investment Holding.

Founder and Director of Simasindo Investment Holding.

Gede Arie Soetedja Antara

The Management James D. Hogan

Rizano Loekman

He has expertise in Hotel Management with over 25 years’ experience spanning the region including Indonesia, Vietnam, China, Japan, and Korea. Jim has been CEO for Tourism Training South Australia for 15 years (1986-1999) and State Chairman for Tourism Council Australia (SA) for 10 years (1990-1999). He also has worked with various international organizations such as APEC, PATA, ADB, AusAID, etc. Currently he works as a Senior Advisor and Consultant to several hotels in Indonesia.

An executive and professional with understanding in financial and multifinance industry, especially in leasing and Syariah financing for capital goods. Hands on experience covers area of strategic planning, executing and day to day operation. Other experience encompass end to end setting up of new business, business restructurization, corporate finance as well as group/holding operation.

Technical Advisor

Putu Antara

Chairman

He graduated from the Faculty of Economics, University of Gajah Mada in 1965. His first carrer was a Director of PT. Inter Pacific Financial Corporation – a joint venture company between BRI, CCF (France) and Sanwa Bank Tokyo (1983-1986). Before joining PT. Bank International Indonesia Tbk, He served as Commissioner of PT. Sanwa BRI Leasing (1987-1990). He also served as Area Manager for BRI Jakarta, West Kalimantan and the Greater Jakarta area (1992-1999). Mr. Antara also served as Commissioner of PT. Bank International Indonesia Tbk since November 2002. Prior to his current position, Mr. Antara also served in the PT. Bank International Indonesia Supervisory team from 17 May 2002 – 7 November 2013.

BUSINESS DEVELOPMENT Hotel Development • Del One Couture Hotel, Bali. • Del Mango Villa, Bali. Property & Housing Development • Ratu Prabu 3. • Meang Peninsula, Lombok

Hedge Funds • Merger & Acquisition Investment Management • Management of Customer Funds Capital Market Investment • Shares & Bonds Transaction • Repo Transaction

HOTEL DEVELOPMENT, PROPERTY & HOUSING DEVELOPMENT, HEDGE FUNDS INVESTMENT MANAGEMENT AND CAPITAL MARKET INVESTMENT

Service, Understanding & Trust

Company Structure NorthCliff Capital Pte, Ltd

Simasindo Intitama Simasindo Inti Selaras

PT Delone Development The BalavaBali Hotel, Malang (Delone Couture Hotel)

PT Delone BaliHotel, Development Taman Suci Bali (Delone Couture Hotel)

Simasindo SimasindoInti Inti Selaras Selaras

Projects Projects

Ratu RatuPrabu Prabu 33

Meang MeangPeninsula Peninsula

NorthCliff Simasindo Indonesia Inti Selaras

Equity Equity&&Bond BondTrading, Trading, Asset and AssetManagement, Management, and Repo Transaction Repo Transaction

01 Ratu Prabu 3 Indonesia

Ratu Prabu 3

Ratu Prabu 2

Ratu Prabu 3 comprises of units for lease (an upscale serviced apartments), a luxurious hotel and apartment for strata-title sale. It is also facilitated with a supporting retail arcade. The project will be marketed with a combined marketing scheme:

The proposed project is intended to provide some uniqueness in terms of exterior and interior design. The exterior design for the proposed Ratu Prabu 3 will have a unique and beautiful design of a flower. From the interior side, the apartment for strata title, service apartment, and hotel will have bigger unit size than it's comparable. Moreover, unit layout and fixtures will have customized designs according to buyer needs.

• Strata-title scheme for the 3-bedroom units. • Lease scheme (with service) for 2- and other type of bedrooms. • Hotel rooms (Five Star Hotel).

The facilities provided for the proposed Ratu Prabu 3 will be a comprehensive, luxurious, and exclusive with diamond services such as swimming pool, tennis court, putting green, function room, bar, fine dining, cigar room, boutique shops and also will be equipped with helipad and limousine services. Further, the building will be equipped with double glazed laminated glass for safety. The Project will be developed on 9,196 square meters land at Jalan TB Simatupang Kay.20 Sub- District East Cilandak, District Pasar Minggu, South Jakarta. The Property is accessible from any part of the Greater Jakarta, because it has direct access to Jakarta Outer Ring Road. The main access to the Property is via Jalan TB Simatupang. Jalan TB Simatupang itself is now growing as the second CBD in Jakarta. In addition, there will be alternative road access through Jalan NIS in the future. It is also will be easily reached from Mass Rapid Transit (MRT) station and Depok- Antasari toll road in the future.

04 Kiwoom Securities Indonesia No. 1 Online Trading Company In Korea KIWOOM [KIUM]

The corporate logo of Kiwoom has been designed to symbolize continuous growth within the company as well as growth in shareholder and customer value. It also demonstrates our continuous expansion into new business lines to over a wealth of financial products and services that suit the needs of our loyal customers. Since its establishment, KSI has played a major role in the transfer of Capital Market know-how to Indonesian capital market. KSI was the first securities firm in Indonesian to install a gallery equipped with an electronic board of stock price movement. KSI has made considerable efforts in introducing Indonesia capital market to Korean investor by hosting several official and unofficial events. Especially, KSI held an Investment Seminar in 2000 at Seoul in cooperation with Indonesian Banking Restructuring Agency (IBRA). In 2006, KSI also held an Investment Seminar introducing several projects of Indonesia Natural Resources (Mining, Palm Plantation, etc) at Seoul. As a result, a few deals have been done successfully between Korean investors and local operators. And others are now undergoing. KSI is also providing investment management services through its subsidiary of Dongsuh Investment Management Co (DOSIM), now Kiwoom Investment Management Indonesia (KIMI), with

a type of private fund for equity and short-term fixed income bonds. Two spot funds were among major examples, winding up shortly after achieving its target returns. PT. Kiwoom Securities Indonesia (KSI) is a subsidiary of Kiwoom Securities Co., Ltd. (Kiwoom) in Korea which owns a 70% stake of KSI. Kiwoom is number one on-line trading securities firm in Korea with its biggest market share in brokerage business in Korea for more than seven years in a row. Kiwoom Securities Co., Ltd. is a listed securities company in Korean Stock Exchange and also owns online trading system called HERO, No. 1 in South Korea with the biggest market share for more than 7 years. Kiwoom Securities Co., Ltd. also has an asset management divission i.e. Kiwoom Asset Management Co., Ltd. (Korea).

05 NorthCliff Indonesia PT. NorthCliff Indonesia (“NCI”) was established in 2009, mainly focusing on activities in Corporate Finance. Recent activities of NCI have included successfully closing several transactions in Merger & Acquisitions , Debt Capital Market Issuances, Banks Financing, as well as Debt Restructurings. NCI‘s network varies from highly individual net worth groups to financial institutions from local sources and overseas such as

Pension Funds, Hedge Funds, Distressed Funds and Strategic Investors. NCI‘s clients also vary from Oil and Gas, Oil Contractors, Hotels, Food Processing, Amusements, Infrastructure Mining, Consumer Goods and General Manufacturing. NCI is not only interested in acting in an advisory capacity but also investing in assets which are appropriate to our future strategic and business plans.

NorthCliff Stock Portfolios No.

Shares

Price

Lot

Volume

Amount

1

BMRS

80

5.000.000

500.000.000

Rp 40.000.000.000

2

BKSL

90

3.333.333

333.333.333

Rp 30.000.000.000

3

BIPI

87

2.298.851

229.885.057

Rp 20.000.000.000

4

MKPI

14.625

27.350

2.735.043

Rp 40.000.000.000

5

META

190

4.736.842

473.684.211

Rp 90.000.000.000

6

MYRX

730

958.904

95.890.411

Rp 70.000.000.000

7

DILD

700

1.000.000

100.000.000

Rp 70.000.000.000

8

DILD

730

1.369.863

136.986.301 Total Amount

Lines of Business

Lead Arranger

Our lines of business includes:

01.

02.

Corporate Strategy: • Corporate Restructuring • Feasibility Studies • Business Planning

PT. Radiant Utama Interinsco, Tbk Loan Refinancing of IDR150 billion NorthCliff as Arranger

PT. Elnusa, Tbk FRN USD 50 million NorthCliff as Joint Lead Arranger

Corporate Finance: • Merger & Acquisition • Due Diligence • Business Recovery Services • Transaction Support

03.

Corporate Value Advisory: • Valuation Service • Shareholder Value Services

Shares Financing of TRAM Stock USD 30 million NorthCliff as Arrang

Financial Advisory

01.

02.

Taum Seminyak & Pecatu Hotel M&A Transaction NorthCliff as Arranger

PT. Indonesia Smart Card Corporate Value Advisory

Rp 100.000.000.000

03.

04.

Rp 460.000.000.000

PT. Smart Wisdom Group Corporate Value Advisory

PT Renuka Coalindo, Tbk Corporate Restructuring & IPO Advisory

Investment Banking: • Private Placement (Debt & Equity) • Project Financing • Structured Finance • Asset Securitization

06 NorthCliff Capital Pte Ltd Private Equity • Asset Securitization A Singapore based private equity and family office. The NorthCliff Capital private equity team has been involved with the emerging markets of Asia with on the ground and in-dept knowledge of the socio-political cultural and the geo-economic landscape. Our seasoned team has a brand depth of local business knowledge and width of industry and cross-boarder execution capability. We also bring key players and investor to the table to enhance the value of investments. Using the same investments techniques that help our client succed , the Northcliff Capital raised from our clients in corporate and real estates assets in Asia. Asia has tremendous opprtunites for Private Equity investments in light of corporation, restructuring, market deregulation, emergence of new technologies, lack of capital, capital outflow from multinational companies and geo-political interests. There are major areas of caution. Classic investments issue in

developing countries are readily characterized in basic economic teams such as information asymmetry, agency conflict, adverse selection, limited legal resources etc. The nature of these problem is manifested in the volatility of the public capital markets.

Family Office A family office or single family office (SFO) is a private company that manages investments and trusts for a single family. The company's financial capital is the family's own wealth, often accumulated over many family generations. Traditional family offices provide personal services such as managing household staff and making travel arrangements. Other services typically handled by the traditional family office include property management, day-to-day accounting and payroll activities, and management of legal affairs. Family offices often provide family management services, which includes family governance, financial and investment education, philanthropy coordination, and succession planning.

Menara Rajawali Lt.6 Jl. Dr. Ide Anak Agung lot #5.1, Kawasan Mega Kuningan, Jakarta 12950, Indonesia T. +62.21.576.1661 | F. +62.21.576.2619 www.simasindo.co.id