Lippo Life shares

Lippo Life shares

I bought 700 Lippo Life shares at Rp 350 per share on Nov. 9,
1999, and 13 shares on Nov. 10, 1999. At lunchtime on Nov. 10,
1999 I received a Lippo Life rights issue announcement dated Nov.
9, 1999 by fax from my securities company. After I read it I
tried to register my shares so I would have the right to buy more
shares.

Unfortunately, the securities company rejected my application.
The reason is that my shares were purchased after "cum" (the last
day of share registration). I have been wondering even until now
how this could happen. How can the last day of share registration
fall prior to the official announcement?

Meanwhile, if I do not apply for my rights, my shares will be
split. In this case, I will be left with no other choice but to
sell at a loss.

I have tried to protest and claim this through my securities
company but did not get a satisfactory answer or solution. So I
would like to ask Capital Market Supervisory Agency (Bapepam) and
the Jakarta Stock Exchange how to solve this Lippo problem.

RUSLI

Jakarta