TBIG Officially Becomes the Latest Issuer with IDX

PT Tower Bersama Infrastructure, Tbk. today officially becomes the latest issuer , or the fifteenth issuer in 2010 to list with the Indonesia Stock Exchange (IDX) under the code "TBIG".

Jakarta, 26 October 2010 - Following the successful IPO process, PT Tower Bersama Infrastructure, Tbk solidified its position by listing its shares in the stock market and become one of the issuers in the telecommunications infrastructure sector that provides telecommunications operators access to place their BTS and is listed under stock code of "TBIG". Today is indeed a historic day for us and this represents the beginning of a new chapter for TBIG," explained Herman Setya Budi, President Director of PT Tower Bersama Infrastructure Tbk, before the presence of journalists following TBIG's official listing with the IDX.

Herman Setya Budi, along with members of TBIG's Board of Commissioners and Board of Directors and officials from the Indonesia Stock Exchange witnessed the placement of the "TBIG" name among the numerous issuers at the IDX as it commenced trade today at a price of Rp 2,025,- per share.

"TBIG's IPO process was generally conducted well in line with the expectations of the Commissioners, Management, and other supporting professional institutions," Herman revealed.

"We are pleased to inform you that TBIG was over 17 times oversubscribed following its Initial Share Offering Period that occurred last week,"stated Moloenoto, Managing Director of PT Indo Premier Securities and Rajiv Lous, Head of Investment Banking of PT UBS Securities Indonesia as the Securities Underwriter for PT Tower Bersama Infrastructure, Tbk's (TBI) Initial Public Offering (IPO).

Helmy Yusman Santoso, the Finance Director and concurrent Corporate Secretary of PT Tower Bersama Infrastructure, Tbk. (TBI) indicated that, TBIG will strive to maintain the Company's performance the best it can to ensure investor's trust. He added that "TBIG will focus its efforts on strategic acquisitions and the development of new towers to achieve growth and development in the years ahead in line with the Company's business direction."

"We would like to express our gratitude for the enthusiastic reception and trust from both local and overseas investors, which have invested their funds in TBIG." continued Helmy.

Optimistic, Strong Market Sentiment
Both Rajiv Louis as well as Moleonoto on behalf of the Securities Underwriters assured that the now is the right time for a Company to engage in an IPO and other corporate actions. "We are optimistic that the momentum is right as this is the ideal time since the strong and conductive market sentiment is predicted to continue on to the coming year," they stressed. Bullish market conditions serve as a positive supporting factor.

"TBIG's shares are potentially sought by investors as both a medium and long-term investment as market players view this as an opportune time in light of the tower business positive growth trend, which is in line with the growth in the number of cellular phone users in Indonesia, and the telecommunication operators current trend towards jointly leasing towers to optimize networks', stressed Helmy Yusman Santoso, PT Tower Bersama Infrastructure, Tbk's Finance Director.

TBIG's period, from 18 up to 20 October 2010, resulted in a final allotment of TBIG's shares whereby 72 percent was allocated to foreign investors and 28 percent went to domestic investors of which 12 percent were held by retail investors while the remaining 15 percent were held by institutional investors.

At an offering price of Rp 2,025 per share, total funds raised by TBI amounts to a total of Rp 1.97 Trillion, of which an estimated Rp 1.11 trillion derived from the issuance of new shares amounting to 551,111,000 shares and shares sold by shareholders of as much as Rp 855 billion derived from the sale of 339,750,000 shares through a private placement as well as 82,666,500 shares derived from a "green shoe" allotment.

About PT Tower Bersama Infrastructure, Tbk:
TBI, or more commonly known as the Tower Bersama Group (TBG), is a provider of telecommunications infrastructure for the placement of BTS by telecommunications operators in Indonesia. TBI is one of Indonesia's largest independent telecommunications tower company, which also provides telecommunications infrastructure along with its operational and maintenance services for telecommunications operators. Infrastructure services offered by TBI include tower and DAS (Distributed Antenna System) rentals through build-to-suit and co-location solutions for telecommunications operators. TBI has, since its establishment in 2004 and up to April 2010, owned and operated over 2,600 sites and over 4,000 tenants and this amount continues to grow in line with the high demand from telecommunications operators. TBI is a Company whose shares are owned by the Saratoga Group and Provident Capital Group.

For more detailed information, contact:
Helmy Yusman Santoso - Tower Bersama Group
Phone: (62-21) 571 1946
Email: corporate.secretary@tower-bersama.com