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Press Release - In Strengthening its Corporate Capital, Jasa Marga is Ready to Sell “Treasury Stock”

PRESS RELEASE

Nomor: 05/2012 Tanggal  3 April 201

In Strengthening its Corporate Capital,

Jasa Marga is Ready to  Sell “Treasury Stock

 

PT Jasa Marga (Persero) Tbk with securities code of JSMR plans to sell the “treasury stock” to public to strengthen the corporate capital, in line with the plan of expansion and new toll roads construction. The total shares to be sold to public is approximately 24,5 million share notes. “According to Bapepam’s (Capital Market Supervisory Agency) regulation, the treasury shares for this year have entered the period of compulsory selling,” stated Jasa Marga Corporate Secretary, Okke Merlina.

In addition to releasing the treasury shares, Jasa Marga also plans to release its remaining share ownership in CMNP, that is approximately 81,6 million share notes. Jasa Marga has appointed PT Danareksa Sekuritas as the executor of both corporate actions.

As previously stated in several events, Jasa Marga currently has the permission to construct 9 toll road lanes, located in Jabodetabek, Banten, West Java, Central Java, East Java and Bali. The nine toll lanes are JORR W2N Lane (Kebonjeruk-Ulujami), Bogor Ring Road, Cengkareng-Kunciran, Kunciran-Serpong, Semarang-Solo, Gempol-Pandaan, Gempol-Pasuruan, Benoa-Ngurah Rai-Nusa Dua and Porong-Gempol toll relocation. The lanes of Cengkareng-Kunciran and Kunciran-Serpong are parts of Jakarta Outer Ring Road second lane (JORR-2). Seven out of the nine lanes will commence the construction in 2012. “It is in line with our commitment to proclaim 2012 as the Year of Construction,” added Okke.

In order to construct the nine toll lanes, Jasa Marga requires funding of approximately Rp. 25 trillions. Starting from 2013, most of the toll roads are estimated to gradually begin the operations.

“In addition to leveling up funding for toll road construction, Jasa Marga also plans to acquire the new toll road lanes that are currently owned by other companies,” stated Okke.

Jakarta, 3 April 2012

 

 

Contact Person :

Okke Merlina,

Corporate Secretary

PT Jasa Marga (Persero) Tbk

Telp. 8413526 – 8413630

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