PT AGUNG PODOMORO LAND TBK INCREASED ITS BOND OFFERING TO IDR 1.2 TRILLION

August 15, 2011

Jakarta, 15 August 2011. PT Agung Podomoro Land Tbk ("APL" or "Company") - (IDX Ticker: APLN) – announced today that following bookbuilding process, the Company increased its bond offering to IDR 1.2 trillion from only IDR800 billion previously. The Company expects to receive approval from Bapepam within this week. This high demand from investors shows strong confidence from the financial community to APL and its ability to fulfill its commitment to bondholders.

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