PRESS RELEASE: KPC offered 51% shares to Government of Indonesia

Following is a press release from PT Kaltim Prima Coal:

PT Kaltim Prima Coal (KPC) is pleased to advise that, as of on Wednesday, the Attachment Orders over the KPC shares have been formally lifted and that an application to withdraw the civil case against KPC has been lodged with the District Court of South Jakarta.

As a result, KPC yesterday offered 51 percent of KPC shares to the Government of Indonesia at a price of US$419.22 million subject to finalization of the detailed terms and conditions applying to this offer by close of business on Monday 5 August 2002. (*)

For further information, please contact: Lex Graefe ? Rio Tinto; Phone: (021) 527 4208; Fax: (021) 527 4270 - OR - Thierry Brunner ? BP; Phone: (021) 7854 9330; Fax: (021) 7854 9069.