Committed to improvement to keep pace

Committed to improvement to keep pace

The Winterthur Insurance Group was founded 125 years ago, and
is now the largest insurance company in Switzerland and amongst
the top five in Europe. Now part of the huge Credit Suisse
financial services group, with its AA rating from Standard and
Poors, Winterthur has achieved a reputation for financial
soundness and reliability combined with the very latest advances
in technology and product innovation.

In Indonesia, Winterthur signed a memorandum of understanding
in 1990, marking the commencement of a joint-venture partnership
with PT Asuransi Wahana Tata; PT Asuransi Winterthur Life
Indonesia (WLI) commenced operations in 1992.

In 1994, WLI was one of the original five pioneer companies
that were granted licenses to transact a pension fund management
business under the Department of Finance Pension Fund (DPLK)
legislation. Since then, WLI has acquired a sizable portfolio of
corporate DPLK clients covering large multinational conglomerates
with operations in Indonesia as well as many large and small
local enterprises.

Despite the economic crisis, not one of Winterthur's clients
terminated its DPLK scheme during 1998. In fact, Winterthur even
attracted a significant number of new corporate clients.

Winterthur Indonesia uses up-to-date technology to administer
its DPLK funds. The DPLK computer system is Y2K compliant and
allows a high degree of flexibility in terms of contributions and
investment choices. As technology innovation is a continuous
process, Winterthur is committed to further significant
improvements to keep pace.

With a proven track record of successful pension fund
management, combined with the very latest Swiss-developed
computer technology, Winterthur is well-positioned to take
advantage of the booming DPLK market in Indonesia.

No matter what events unfold in 1999, the Swiss culture of
efficiency, discretion, conservative management and above all
integrity, permeates strongly through the Indonesian operations.
DPLK Winterthur Indonesia clients can be confident that their
pension schemes are in good hands.