Bumi Resources announces pricing of $300m 5% Guaranteed CB due 2016

(November 20, 2009)-- PT Bumi Resources Tbk (?Bumi Resources? or the ?Company?) today announced the pricing of its US$300 million 7-year 5% guaranteed convertible bonds due 2016 (the ?Bonds?). The Bonds are expected to be issued by Enercoal Resources Pte. Ltd (the ?Issuer?), a wholly-owned subsidiary of the Company, and unconditionally and irrevocably guaranteed by, and convertible into ordinary shares of the Company (?Shares?).

The transaction includes a US$50 million upsize option. The Bonds are expected to be issued at a 30% conversion premium. Credit Suisse (Singapore) Limited (?Credit Suisse?) is acting as the sole bookrunner for the issuance of the Bonds. Subject to certain conditions precedent, the transaction is expected to close on November 25, 2009.

The Issuer will on-lend the proceeds from the sale of the Bonds to the Company. The Company intends to use the net proceeds of the offering for future acquisitions and investments in mining-related companies, to fund an equity swap transaction to be entered into with Credit Suisse and for working capital, refinancing and general corporate purposes.

About Bumi Resources
Bumi?s main coal subsidiaries, PT Kaltim Prima Coal and PT Arutmin Indonesia, are two of the largest thermal coal producers in Indonesia and, collectively, Bumi believes it is one of the largest thermal coal exporter globally with approximately 2.9 billion metric tonnes of combined coal reserves as of mid-2008. Additionally, PT Kaltim Prima Coal?s Sangatta mine is one of the largest single thermal coal exporting mines in the world.

In 2008, Bumi?s coal subsidiaries shipped over 50 MT of coal, of which 90% was sold in overseas markets - predominantly Asia, including Japan, Taiwan, South Korea, India and China, followed by Europe and the Americas. (end of release)