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PT Profesional Telekomunikasi Indonesia Announces the Signing of an Initial US$250,000,000 Facility Agreement

Jakarta, May 5, 2011 | Source: Company

PT Profesional Telekomunikasi Indonesia ("Protelindo"), a 99.9994% owned subsidiary of PT Sarana Menara Nusantara Tbk., has received a loan facility initially in the amount of US$250,000,000.

Protelindo signed the Initial US$250,000,000 Facility Agreement dated 3 May 2011 with (i) DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank and The Royal Bank of Scotland N.V., Hong Kong Branch, (ii) certain Financial Institutions that are listed in the Facility Agreement as Original Lenders, (iii) The Royal Bank of Scotland PLC (as the Facility Agent) and (iv) PT Bank Central Asia Tbk (as the Common Security Agent). Protelindo intends to use the proceeds of the Loan Facility for the following purposes: (i) to partially repay the May 27, 2010 Loan Facility in the amount of US$100,000,000, (ii) to repay in full the Subordinated Loan from Stewart Island Investments, Pte. Ltd, (iii) to pay fees and expenses and (iv) to fund the acquisition and construction of telecommunication towers. Protelindo and the Original Lenders plan to up size this loan facility in syndication. Any amounts received in excess of the US$250,000,000 will be used to further repay amounts outstanding under the May 27, 2010 Loan Facility.

This announcement has been made in the framework of the compliance with the Bapepam and LK Rule No. X.K.1. on Disclosure of Information that must be made to the public immediately.