Bimantara clarifies

Bimantara clarifies

We were disappointed to read your report titled Pertamina
cancels Soeharto's oil and gas contracts in your July 3, 1999,
edition. Paragraph eight states: "PT Genindo EPS, a subsidiary of
the Bimantara Group controlled by Soeharto's son Bambang
Trihatmodjo, was forced to transfer its stake in the Sembakung
oil and gas field in East Kalimantan to PT Equatorial of Canada".

We feel there are several inaccuracies in the article and
would like to place on the record the true facts.

Bimantara Citra, as a holding company, is involved in seven
business sectors. Media & Broadcasting, Telecommunications,
Infrastructure, Transportation & Automotive, Chemical, Hotels &
Property and Financial Services & Investment in the
Infrastructure division. Bimantara has stakes in six companies:
PT Aqualindo Mitra Industri (waste management); PT Trans Javagas
Pipeline (gas pipeline); PT Trihasra Bimanusa Tunggal (oil
pipeline); PT Sankyu Indonesia International (general & heavy
cargo and land transportation services); PT Citra Kartika Daya
and PT Citra Kalimantan Energy (neither of these companies are
currently active).

In addition to this, we would like to make clear that PT
Genindo EPS is not related with Bimantara.

TOTO PRIBADI

PR Manager

Bimantara Citra Tbk.

Jakarta