PT Kodel denies relationship

With reference to your report on June 19, 1998 titled 'Govt considering amending social security law: Fahmi' which mentions PT Moya Zamzami Utama, we hereby would like to make clear that PT Kodel has no relationship whatsoever with PT Moya Zamzami Utama neither as a shareholder nor as a member of its management.

We hope this letter will bring your attention to the fact that the report was erroneous and we are looking forward to you publishing a correction.

BACHRUMSJAH HAMZAH

Corporate Secretary

PT Kodel, Jakarta