The Board of Directors of Sinarmas Land Limited ('SML' and together with its subsidiaries, the 'Group') wishes to announce the establishment of a new associated company of the Group, PT Sahabat Duta Wisata ('SDW'), in the Republic of Indonesia, with an initial issued and paid up share capital of IDR250,000,000,000 (equivalent to SGD25,000,000) comprising 250,000 shares of IDR1 million each. The principal activity of SDW is that of property development.

SML's effective interest in SDW is 9.31%.

(Note: Amount in SGD equivalent derived using exchange rate as at 11 December 2019 of IDR1 = SGD0.0001)

By Order of the Board
SINARMAS LAND LIMITED

Ferdinand Sadeli
Director
13 December 2019

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Sinarmas Land Ltd. published this content on 13 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 December 2019 09:20:09 UTC