PT AGUNG PODOMORO LAND TBK COMPLETED ACQUISITION OF ONE PROJECT OUT OF 10 – 15 POTENTIAL PROJECTS UN

April 05, 2012

Jakarta, April 5, 2012. PT Agung Podomoro Land Tbk (“APLN” or “the Company”) – (Ticker IDX: APLN) – announced the acquisition of a 65% stake in PT Pandega Citraniaga (PC) for about IDR210 billion. PC owns and manages Mal Plaza Balikpapan, the first and one of the best malls/trade centers in Balikpapan, East Kalimantan. Located in 5 hectares of land, the Company will also undertake reclamation for additional 5 hectares to be developed into a mini superblock complex which will include lifestyle mall, hotel, apartment tower and office tower.

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