PT AGUNG PODOMORO LAND TBK MADE ANOTHER ACQUISITION IN ORDER TO EXPAND ITS BUSINESS

05 September 2011

Jakarta, September 5, 2011. PT Agung Podomoro Land Tbk (“APL” or “the Company”) – (Ticker IDX: APLN) – today announced that the Company has made share purchase agreement to acquire 99.90% stake in PT Karya Gemilang Perkasa (PT KGP) which has a 52.83% shares of PT Pluit Propertindo (owner of the "Emporium Pluit Mall” Project). Emporium Pluit Mall is one of the most complete family shopping recreations with One Stop Lifestyle Shopping concept in the Pluit region, Jakarta, with major tenants such as Sogo, Carrefour, Gramedia, Cinema XXI and Starbucks. Emporium Pluit Mall is currently developing new facilities that will be ready in 2012, which is expected to create added value to the Mall by providing ballroom/function hall on the 9th floor as facilities for meetings, exhibitions and weddings.

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