Equity research report on BCA

I refer to my article Report on Bank Central Asia: Setting the record straight (The Jakarta Post, May 31, 2000), I would like to make some corrections on the mistakes found in the first paragraph.

The paragraph reads: There are several misconceptions related to the analysis contained in the equity research report on the Bank Central Asia prepared by its lead underwriter PT Danareksa, as reflected in the article by Melville S. Brown (the Post May 29, and May 30, BCA's initial public offering: Let the buyer beware). This paragraph should read: "In response to the article published in The Jakarta Post dated May 29, 2000 and May 30, 2000 (BCA's initial public offering: Let the buyer beware, by Melville S. Brown), we would like to straighten out the writer's misconception on several issues related to the analysis contained in the equity research report on Bank Central Asia prepared by PT Danareksa".

The paragraph as printed in the Post has prompted many inquiries directed to me from foreign and domestic investors, as there is no relevance between this paragraph and the paragraphs that follow.

In fact, we have clearly presented it by adding the preceding two words "the writer" to the word "misconception" to read "the writer's misconception", which is really a misconception on the part of Melville S. Brown.

IRMA STAMBOEL

Head of Equity Research

PT Danareksa Securitas

Note:We apologize for the error and the inconvenience caused.

--Editor