Argo Pantes' investment

We refer to the article Argo Pantes doubles annual capacity to 24 million yards (March 3, 1997).

We would like to inform you that an incorrect statement made by Mr. Chan Wing Wah was printed on the article.

The fifth paragraph: "For this year, machinery restructuring in our spinning industry will involve an investment of US$35 million," said Chan. This should have been: "For 1996/1997, we have invested US$35 million to expand and upgrade our machinery in order to support our strategy of producing higher value-added products," said Chan.

WIRA TJENDANA

Director

PT Argo Pantes

Jakarta