Jakarta, 9 June 2017 

Reference is made to: (i) the suspension of payments proceedings in respect of PT Bumi Resources Tbk. (the “Company”) pursuant to Indonesian Law No. 37 of 2004 on Bankruptcy & Suspension of Debt Payment Obligations (the “Bankruptcy Law”) that commenced on 25 April 2016; and (ii) the composition plan dated 9 November 2016 (the “Composition Agreement”) agreed between the Company and its creditors pursuant to the terms of the Bankruptcy Law and approved by the Commercial Court of the Central Jakarta District Court (the “Court”) on 28 November 2016 pursuant to decision number 36/PDT.SUS-PKPU/2016/PN.Niaga.Jkt.Pst.

Pursuant to the Composition Agreement, the Company has today commenced four exchanges (the "Exchanges”) to exchange existing debt of the Company for new loans and/or securities:

1. to exchange the existing debt (the "CFL Loan") under the US$1,900,000,000 term loan granted pursuant to a loan agreement made between, amongst others, the Company and Country Forest Limited, dated September 18, 2009, as amended and restated on September 24, 2009, October 28, 2009 and November 5, 2009;

2. to exchange the existing debt (the "CDB Loan") under the US$600,000,000 term loan granted pursuant to a loan agreement made between, amongst others, the Company and China Development Bank Corporation, dated February 6, 2012, as amended on August 15, 2014;

3. to exchange the existing debt (the "Total CB Debt") under the US$375,000,000 9.25% guaranteed convertible bonds due 2014 issued by Enercoal Resources Pte. Ltd.; and

4. to exchange the existing debt (the "Total Remaining Debt") under various other syndicated loans and (i)  the US$300,000,000 12% guaranteed senior secured notes due 2016 issued by Bumi Capital Pte. Ltd., a private company limited by shares incorporated under the laws of Singapore and (ii) the US$700,000,000 10.75% guaranteed senior secured notes due 2017 issued by Bumi Investment Pte. Ltd., a company limited by shares incorporated under the laws of Singapore.

4. These Exchanges are mandated by the Court in accordance with the terms of the Composition Agreement and no securities are being solicited for purchase or offered for sale pursuant to any of the Exchanges. Such Exchanges shall be upon the terms and subject to the conditions set forth in the applicable Exchange Memorandum relating to such Exchange.