Sampoerna Agro Tbk.

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Sumatera: Jln. Basuki Rahmat No. 788, Palembang 30127, Sumatera Selatan, Indonesia Tel +62-711 813388 Fax +62-711 811585 Jakarta : Sampoerna Strategic Square, North Tower, 28th_{Floor, Jln. Sudirman Kav. 45, Jakarta 12930, Indonesia}

Tel +62-21 5771711 Fax +62-21 5771712 http://www.sampoernaagro.com

PT SAMPOERNA AGRO Tbk

COMPANY NEWSLETTER

April 2014 issue

summary

IN TIMES OF HIGHER PRICES

Jakarta, 30 April 2014– PT Sampoerna Agro Tbk and subsidiaries “a poe a Ag o" o the Co pa released its financial and operational results for the period ending in 31 March 2014 1Q14 .

Global CPO commodity price traded in Malaysian markets, when measured in terms of quarterly average, has been strengthening steadily since the final quarter of 2012. In fact, the rate of increase has accelerated within the past two quarters to reach close to Rm2,700 per ton by 1Q14. This is 7% higher tha a e age p ice i fou th ua te of Q o 6% highe versus first quarter of 2013 Q . Management has an optimistic view that CPO market prices should sustain at about 15% p e iu e sus last ea ’s pe fo a ce.

Within 1Q14, Sampoerna Agro sold its CPO at an average price of Rp9,011 per kg, which meant 10% rise versus 4Q13 average or a robust 47% increase against 1Q13. As a result, revenue contribution from CPO in 1Q14 climbed 13% versus 1Q13 to reach Rp534.72 billion despite 23% lesser volume sold this year. CPO contributed 82% to total consolidated revenue for the Company that amounted to Rp649.63 billion in 1Q14, a rise of 13% against 1Q13 figure.

FFB harvest from the Company nucleus estates managed to book 13% rise in 1Q14 to reach 163,676 tons. However, total CPO output within the same period retreated 10% primarily due to lower contribution from external production which declined 36% year on year. Production growth booked during 1Q14 was wholly attributable to estates in the Kalimantan region that saw 35% increase while on the other hand, Sumatra region booked 31% lower volumes.

Notably though, production trend in 2014 have started to pick up in the month of March, unlike 2013 when it only picked up in July, or more visibly, in August. Therefore, management remained upbeat on this ea ’s olu e g o th especiall co side i g that weather pattern in 2013 was mostly pleasant.

Following the receipt of International Sustainability & Carbon Certification (ISCC) certificates for couple of company subsidiaries late last year, Sampoerna Agro managed to engage in selling ISCC certified palm oil with premium pricing this year. The Company, through several of its subsidiaries, was also awarded the Indonesian Sustainable Palm Oil (ISPO) certification in February 2014.

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-o0o-Sumatera: Jln. Basuki Rahmat No. 788, Palembang 30127, Sumatera Selatan, Indonesia Tel +62-711 813388 Fax +62-711 811585 Jakarta : Sampoerna Strategic Square, North Tower, 28th_{Floor, Jln. Sudirman Kav. 45, Jakarta 12930, Indonesia}

Tel +62-21 5771711 Fax +62-21 5771712 http://www.sampoernaagro.com

PT SAMPOERNA AGRO Tbk

COMPANY NEWSLETTER

April 2014 issue

corporate details

o Area statement (oil palm only) as of March 2014:

nucleus plasma nucleus mitra

Unit Jan-14 Feb-14 Mar-14 YTD 14 Jan-13 Feb-13 Mar-13 YTD 13 Change

FFB - nucleus ton 54,534 47,433 61,709 163,676 63,772 41,782 39,899 145,453 +13% FFB - external ton 39,836 27,647 34,199 101,681 74,734 49,697 35,586 160,018 -36% CPO ton 17,726 16,346 19,177 53,249 27,324 17,361 14,223 58,908 -10% P.Kernel ton 4,515 3,923 4,299 12,736 6,143 4,468 4,346 14,956 -15% G.Seeds 1000 660 921 566 2,146 1,128 952 763 2,842 -24%

Note: Not all FFB was processed by palm oil mill within the same month it was harvested

o Average selling price of several key products:

CPO Rp/kg 8,578 8,898 9,319 9,011 6,017 6,251 6,128 6,131 +47%

CPO Rp bn 110.43 185.38 238.91 534.72 180.95 184.04 108.58 473.57 +13%

P.Kernel Rp bn 24.16 15.41 21.66 61.23 18.43 16.48 15.43 50.35 +22%

G.Seeds Rp bn 5.05 3.07 4.54 12.65 8.04 5.83 2.96 16.84 -25%

Others Rp bn 18.96 6.32 15.74 41.03 15.34 13.87 15.57 44.79 -8%

Total Sales Rp bn 158.60 210.18 280.85 649.63 222.77 220.24 142.55 585.56 +11%

Note: Others are revenue generated from sago, rubber, FFB, PKO, and PKE