Use of Proceeds Prospectus Limited Public Offering I

xii  The Company’s operations involve risks that may not be covered by its insurance or may have a material adverse effect on its business.  Compliance with environmental and occupational health and safety laws and regulations may require the Company to incur costs or restrict its operations in a manner that could have a material adverse effect on our business, financial condition, profitability or cash flows.  If the Company is unable to obtain, renew or maintain its permits, approvals and technology licenses required to operate its business this may have a material adverse effect on its business.  The ability to compete effectively depends in part on our ability to attract and retain key personnel with relevant industry knowledge. 2. Risk relating to Indonesia  Domestic, regional or global economic changes may materially and adversely affect the Indonesian and global economies and our business.  Natural disasters may disrupt the Indonesian economy and the Company’s operations that could lead to social unrest and economic loss.  The Company operates in a legal system in which the application of various laws and regulations may be uncertain, and through the phurchase of the New Shares, the potential shareholders of the New Shares in the future may be exposed to such legal system and may find it difficult or impossible to pursue claims in respect to the New Shares.  Labor activism and legislation may adversel y affect the Company, the Company’s customers and Indonesian companies in general, which in turn may affect the Company’s business, financial condition and operational result.  The growht of regional autonomy creates uncertain business environment for the C ompany and may increase the Company’s business costs.  Fluctuations in the value of the Rupiah may materially and adversely affect our financial conditions and results of operations.  Credit ratings downgrades of the Government or Indonesian companies may materially and adversely affect our business. 3. Risk Relating to Ownership of the Share  The trading price of the Shares has been, and may continue to be, volatile.  Future changes on the value of the Rupiah against the U.S. dollar or other currencies will affect the foreign currency equivalent of the value of the Companys Shares and any dividends.  Indonesian laws contain restrictions that could discourage a takeover of the Company.  Investors may not be subject to protection provisions on minority shareholders rights as in other countries.  The Company is incorporated in Indonesia and it may not be possible for the investors to effect service of process, or enforce judgments of a foreign court against the Company in Indonesia.  Indonesian laws may apply differently from the laws in other jurisdictions, with regard to the convening of, and the right of shareholders to attend and vote at, the General Meeting of Shareholders of the Company.  There maybe less company information available, and the corporate governance standards may differ, for public companies listed in the stock exchange in Indonesia as compared to those listed in the stock exchange in other countries.

7. Summary of Financial Statement

The summary of financial statement below is taken from or calculated based on consolidated financial statements of the Company and its Subsidiaries for the six months period ended 30 June 2013 and the year ended 31 December 2012 which were audited by Public Accounting Firm, Osman Bing Satrio Eny, member firm of Deloitte Touche Tohmatsu Limited and Tenly Wijaya, an accountant, with unqualified opinion, and the consolidated financial statements of the Company and its Subsidiaries for the year ended 31 December 2010 and 2011, which were audited by Public Accounting Firm, Osman Bing Satrio Rekan member firm of Deloitte Touche Tohmatsu Limited and Bing Harianto, S.J., an accountant, with unqualified opinion. Consolidated Statements of Financial Position US ‘000 30 June 2013 31 Dec 2012 31 Dec 2011 31 Dec 2010 Current Assets 693,227 694,849 651,807 625,180 Non Current Assets 1,014,422 992,266 953,115 861,317 Current Liabilities 520,497 484,305 370,362 292,203 Non Current Liabilities 461,717 481,980 436,891 399,632 Equity 725,435 720,830 797,669 794,662