Jakarta, 19 January 2018
 
It is hereby informed that the debt restructuring process of PT Bumi Resources Tbk (BUMI) is now fully and finally closed with the effective date commencing on 11 December 2017 which saw the transfer of shares and MCB to eligible lenders.
 
This resulted in reduction of BUMI debts from the initial USD4.2 billion to USD1.7 billion. From the aspect of Management, the Board has been strengthened with the inclusion of 6 (six) new members, consisting of 3 Directors and 3 commissioners, 4 of whom are from CIC, and 1 each from CDB and secured bondholders. In addition, KPMG has also been appointed as Monitoring Public Accountant tasked with monitoring BUMI cash flow.
 
The debt restructuring process was successfully concluded by virtue of support from various parties involved, such as legal advisors, financial advisors, public accountants and other parties who have lent their assistance with the implementation of BUMI restructuring process.