PT AGUNG PODOMORO LAND TBK COMPLETED SECOND ACQUISITION OF POTENTIAL PROJECTS UNDER CONSIDERATION

April 16, 2012

Jakarta, April 16, 2012. PT Agung Podomoro Land Tbk (“APLN” or “the Company”) – (Ticker IDX: APLN) – today announced that the Company has made share purchase agreement to acquire 55% stake in PT Sumber Air Mas Pratama (SAMP) for about IDR216 billion. SAMP owns 342 hectares of land in Karawang, West Java, which will be prepared for industrial estate.

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