Bumi Resources announces pricing of $300m 12% Guaranteed Senior Secured Notes Due 2016

(Jakarta, 9 November 2009) PT Bumi Resources Tbk. (?Company?) is pleased to announce the pricing of its US$300,000,000 12% Guaranteed Senior Secured Notes due 2016 (?Notes?) to be issued by Bumi Capital Pte. Ltd. (?Bumi Capital?) and unconditionally and irrevocably guaranteed by the Company and certain of its subsidiaries.

The Notes are expected to be issued on 13 November 2009 and to mature on 10 November 2016. The Notes will bear interest at a fixed rate of 12% per annum, payable semiannually in arrears in May 10 and November 10. Credit Suisse and Deutsche Bank have acted as the Joint Lead Managers and Joint Bookrunners for the offering of the Notes.

The Company intends to use the net proceeds of the offering for initial capital expenditures and mine exploration and development expenditures at the Dairi Project of Herald Resources Ltd. (a subsidiary), future acquisitions and investments in mining related companies, and working capital and general corporate purposes.

Approval in principle has been received from the Singapore Exchange Securities Trading Limited ("SGX-ST") for the listing and quotation of the Notes on the SGX-ST. The Company expects the Notes to be listed on the SGX-ST upon closing. (end of release)