NICHE JUNGLE Indonesia Outlook

• A story of Financial Crisis The hardest hit country during the Asian Financial crisis of 1997 Jakarta Stock Index (US$) during the crisis > JAKARTA COMPOSITE INDEX Index GP Related Functions Menu JCI 17026.256 +2.07% At 9:15 0 6948.226 H 7032.822 L 6938.293 Prev 6883.504 X[ JCI Index 07/01/1997-07/31/1998 Last Px 1D 3D 1M 6M YTD 1Y 5Y Max Daily ▼ The equity market lost over 90% in dollar terms in a year • Small caps wiped out • Few banks survived • Changed the perception of the equity market Created a mantra that small caps are un-investable • Opened the door to a sustainable democracy 120 Volume 177.994M Oct 1997 Message 口ˋ 96) Actions 97) Edit ▾ Line Cha Mov Avgs Key Events Table +Quick-Add Add Data «Edit Chart +Track Annotate News Zoom Last Price 0.03622 High on 07/08/97 0.30449 Average 0.30 0.10804 -92% Mar Apr 1998 Collapsing Currencies (against USD, July 1 1997-100) 100 80 60 Thailand Korea 40 Indonesia Philippines Malaysia 20 Taiwan Source: Bloomberg Singapore Aug-97 Sep 97- Oct-97 Nov-97- Dec-97- Jan-98 - Feb-98 - Mar-98 Low on 06/17/98 0.02597 0.25 0.20 0.15 0.10 0.036 18 0.5B NICHE JUNGLE

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