Bank Exim clarifies

Referring to a Reuters news report published by The Jakarta Post, June 25, 1998, titled RI govt and Central Bank sued for $58.59 billion, we, Bank Exim, would like to clarify as follows:

1. Bank Exim never had any agreement to act as a conduit and has never issued any letters of confirmation or received any funds regarding the so-called "Gustaff D. Parengkuan/The Group of BA Ltd's transaction."

2. So, we state that any such allegations are false and have no basis whatsoever.

WINARSO TARUPRANOTO

Chief of Directors Bureau

Bank Exim, Jakarta