Investor Presentaiton

Although Indonesia's economy was doing well early in 2008, spurred on by high commodity prices, it began to be affected by the World Economic Crisis in the third quarter of the year. However, GDP growth did not experience the sharp downturn of most Asian countries. GRAPH 1. THE INDONESIAN ECONOMY STARTED TO SLOW IN THE THIRD QUARTER OF 2008 GDP Growth % YoY 14 12 10 8 6 st 4 China Indonesia Philippines Thailand -Malaysia Korea 2 Japan 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 -2 2006 2007 2008 Source: Danareksa Research Institute: Yearly Outlook, July 2009

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