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News Update

PT AGUNG PODOMORO LAND TBK INCLUDED IN LIST OF GLOBAL GROWTH COMPANIES BY THE WORLD ECONOMIC FORUM

The World Economic Forum’s Community of Global Growth Companies included PT Agung Podomoro Land Tbk (APLN) into their member list of 315 companies from 60 countries as August 2011. To be included in their member list, these companies should show consistent annual growth rate exceeding industry and regional averages by 15%, minimum turnover of US$100 million, growth potential, capacity and intends to build global business and exemplary executive leadership.

As part of the list, The World Economic Forum recognizes APLN’s potential to become one of tomorrow’s industry leaders and to become a driving force of economic and social change. APLN is one of five Indonesian companies included in the list. With this recognition, APLN could benefit from having new business opportunities across industries and regions, networking with the world’s leading business and policy experts, peer to peer collaboration and experience exchange as well as industry – specific and cross – industry knowledge sharing.

About PT Agung Podomoro Land Tbk

PT Agung Podomoro Land Tbk. has 15 (fifteen) subsidiaries in property sector in Jakarta, Karawang, Bandung and Bali. With 40 years of experience as part of the Agung Podomoro Group, Agung Podomoro Land has a solid foundation to become the leading developers in developing property business in Indonesia.

Within 10 (ten) years, the Agung Podomoro has completed more than 50 property projects, with majority addressed to middle class segments of society, with projects ranging from low cost apartments to high end apartments in South Jakarta, high end and the neighborhood mall, shop houses, hotels and office towers. With a motto to be part of future investors and buyers, and provide a harmonious lifestyle, Agung Podomoro Land believes to continuously growing rapidly in Indonesia, where local knowledge meets international standards.

For further information, please contact:

Wibisono

Investor Relations

Tel: 62-21-290 34562 Mobile: 628551000535 Fax : 62-21-290 34300

Email : wibisono@agungpodomoroland.com Website: www.agungpodomoroland.com

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