On Visa Electron

On Visa Electron

We refer to the letter by Adrianus Hiyung Tjung published in
The Jakarta Post dated Feb. 9, 2000.

We appreciate his valuable input to our new product, Lippobank
Visa Electron. In response to his inquiries, we would like to
provide the following information; Lippobank charges no fees i.e.
monthly administration fees -- to the customer. This means that
if a Lippobank Visa Electron cardholder uses the card on
Lippobank's ATM Network, no fees will be applied for the
transaction. But if a cardholder uses Lippobank Visa Electron
card on other networks such as another national private bank's
ATM, which is a member of ALTO, there will be a charge per
transaction. This fee is for using third party facilities and the
fee rate is applied to all member banks.

Fee per transaction using ALTO's ATMs is Rp 1,250 for balance
inquiry and Rp 2,600 for cash withdrawal. The same pattern of
fees is applied by VISA when using Visa/Plus ATMs. The charge is
in U.S. dollars and translated into IDR. Transactions using
Visa/Plus ATM in Indonesia, such as when using Citibank's ATMs
will be charged the same fee as transactions using Visa/Plus ATM
outside Indonesia.

For usage outside Indonesia, Lippobank's exchange rate is
based on Visa's exchange rate with 0 percent mark up. Retail
transactions using Lippobank Visa Electron is free of charge.
Other than the above, Lippobank charges a "fall below" fee which
is charged under the following conditions:

* Tahapan account with an average balance below Rp 100,000 and
non-active (no transaction) accounts for six months will be
charged Rp 1,000 a month.

* Lippo Saving with an average balance below Rp 100,000 is
charged with a Rp 2,500 monthly fee.

* Both Tahapan and Lippo Saving are saving accounts available for
connection to Lippobank Visa Electron.

AGUS SUYANTO

Lippo Bank Card Business

(Vice President)

Jakarta