TBIG Signs an Exclusive, Non-Binding Memorandum of Understanding with PT. Indosat Tbk for a Potential Tower Asset Acquisition

PT Tower Bersama Infrastructure Tbk. signs an exclusive, non-binding memorandum of understanding with PT. Indosat Tbk. for a potential tower asset acquisition

JAKARTA, 15 November 2011 - PT Tower Bersama Infrastructure Tbk. (“TBIG” or the “Company”) today announces that it has signed an exclusive, non-binding memorandum of understanding (“Non-binding MOU”) with PT Indosat Tbk. (“Indosat”) to negotiate a proposed transaction involving the purchase of a portion of Indosat's existing tower assets and the lease of certain site space thereon to Indosat. The Non-binding MOU does not create an obligation on the part of either party to consummate any transaction, with definitive agreements providing for the specific terms and conditions still to be finalized. There is no assurance that any transaction will be concluded.

About PT Tower Bersama Infrastructure Tbk:
PT Tower Bersama Infrastructure Tbk. (“TBIG”), is a provider of telecommunications infrastructure for the placement of BTS by telecommunications operators in Indonesia. As of 30 September 2011, TBIG owned 4,508 telecommunication sites serving 6,409 tenants, and these continue to grow in line with the high demand from telecommunications operators. TBIG is publicly listed on the Indonesian Stock Exchange and is majority owned by Saratoga Capital and Provident Capital.