Jakarta, 6 December 2017
 
The Company confirms that its three SPVs: Enercoal Resources Pte Ltd, Bumi Capital Pte Ltd, and Bumi Investment Pte Ltd., the issuers of Guaranteed Convertible Bonds (due 2014), Guaranteed Senior Secured Notes (Due 2016 and 2017) have conveyed Settlement Instructions to eligible lenders on 5 December 2017, that the settlement for delivery of the new loans and new securities is expected to occur on 11 December 2017 (the Effective Date) as already advised earlier.
The Exchange Consideration formula for each issue that Noteholders should expect to receive for each US$1000 principal amount has also been advised by value of New Senior Secured Debt, MCB, CVRs and shares, as applicable. The mechanism, procedure and relevant details for the settlement have been described. It has also been advised that in terms of the Debt Composition Agreement, Holders who failed to participate by submitting their Notice of Election prior to 11 September 2017 would have their applicable notes cancelled as of 11 December 2017 (the present Effective Date).
The individual settlement notices by the 3 SPV’s on 5 December 2017 have already been conveyed to eligible lenders and the beneficial owners. If any party has not received the settlement notices as yet, they are advised to contact the Company at info@bumiresources.com.