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Saturday, June 13, 2015

Nurturing the Environmental Conservation at Pantai Muara Tawar

Jakarta: On Saturday, 13 June 2015, PT United Tractors Tbk (UT) together with its subsidiaries conducted mangrove planting and voluntary day at Pantai Muara Tawar, Marunda. The activity was attended by UT’s Director, Bp. Edhie Sarwono; Department of Animal Husbandry, Fisheries and Maritime Affairs; Sectoral Police Chief, AKP Kunto Bagus; community leaders and villagers of Segara Jaya; UT group management; as well as UT group employees.   This activity is a manifestation of UT’s commitment to build awareness and actively  participating in understanding the importance of environmental conservation. Historically, since 2012 until the end of 2014, UT group has planted about 91,000 mangroves in Jakarta, covering Pantai Muara Tawar as well as Cengkareng Ecotourism area. Mangrove planting target in

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Tuesday, April 21, 2015

United Tractors Distributes Rp 2.76 Trillion or Rp 740 per Share Cash Dividend for Financial Year 2014

JAKARTA: On Tuesday, 21 April 2015, United Tractors (“UT/ the Company”) conducted the Annual General Meeting of Shareholders (“AGMS”) at JW Marriott Hotel, Jakarta. The AGMS adopted the resolutions in brief as follows: Approved and accepted the Annual Report for the book year 2014, ratified of the Supervisory Report of Board of Commissioners, and ratified the  Financial Statement of the Company for the book year 2014, audited by the Public Accountant Firm of Tanudiredja, Wibisana & Partners (a member of the PricewaterhouseCoopers network of firms) as stated in their  report dated 20 February 2015, rendering the opinion of fairly stated in all material respects. Approved the utilization of profits of Rp5.36 trillion as follows: to be distributed as

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Thursday, February 26, 2015

United Tractors Recorded 2014 Net Income of Rp 5.37 Trillion

  PT United Tractors Tbk (“UT”) today reported the Company’s performance in 2014 that showed an increased in comparison to 2013.   The Company’s consolidated net revenue in 2014 recorded an increase by 4% to Rp53.14 trillion from Rp51.01 trillion in 2013. The favorable exchange rate serves as one major factor that generates positive impact, thus increasing the Company’s gross profit by 27%, while the Company’s net income increased 11% to Rp5.37 trillion from Rp4.83 trillion.   The continuing decrease of the coal price led the Company to assess its mining properties value and determine provision of impairment of this mining property. The provision charge to profit after tax attributable to owners of the parent was amounted to Rp1.54

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Tuesday, February 10, 2015

The Inauguration of United Tractors Branch in Semarang, Central Java

SEMARANG – On Tuesday, February 10th, 2015, PT United Tractors Tbk (UT) officially changes the status of UT’s representative office in Semarang to become a branch office. The inauguration, which takes place at Raya Randu Garut Street Km 12, Tugu, Semarang, is attended by Governor of Central Java Province Ganjar Pranowo, UT’s Director Edhie Sarwono, UT’s Director Iman Nurwahyu, UT’s management team and business partners.   UT Semarang is the Company’s 20th branch office. The office building was established in 1982, and later on new building was build and officially inaugurated on June 9th, 1995 as the representative office. UT Semarang branch office covers all areas in Central Java that consist of 30 regencies and six cities. In addition,

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Thursday, January 15, 2015

UT Officially Acquires PT Acset Indonusa Tbk

JAKARTA: On Monday, January 5th 2015, UT through its subsidiary, PT Karya Supra Perkasa (“KSP”) has made a purchase of 200,000,000 shares, representing 40% of the total issued and fully paid shares in PT Acset Indonusa Tbk (“ACST”), from PT Cross Plus Indonesia (“CPI”)  and PT Loka Cipta Kreasi (“LCK”). Closing ceremony of the shares purchase was held in Astra International and signed by Tan Tiam Seng Ronnie CPI Director, Hilarius Arwandhi LCK Director, Gidion Hasan KSP President Director, and Jeffrey Chandrawijaya KSP Director. The acquisition process is a continuation of the Memorandum of Understanding ("MOU") which was signed on October 10, 2014 and Conditional Sale and Purchase of Shares Agreement ("CSPA") on December 18, 2014. Under the MOU and the CSPA, KSP plans to buy a minimum amount of 250.5 million ACST shares ("Majority Shares"). Furthermore, KSP

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