Release: ABM secures over 50% of 2012 targeted coal sales

(17 April 2012) - PT ABM Investama Tbk (IDX: ABMM) an integrated energy company focusing on resources, services, and infrastructure, through its subsidiary PT Reswara Minergi Hartama (Reswara) signed a sales contract of 935,000 metric tons of 5500 kCal ADB* coal with Avra Commodities Pte Ltd. (Avra Commodities) on April 16, 2012.

With the volume of new coal sales achieved in the beginning of second quarter, Reswara has secured 2.9 million metric tons or more than 50% of the 2012 coal sales target of 5.5 metric tons. The coal is produced by a subsidiary of Reswara, PT Tunas Inti Abadi (TIA), from the concession area in South Kalimantan.

This is a strategic contract between Reswara and Avra Commodities, a wholly owned subsidiary of a multinational commodity trading company, focuses on coal trade in Indonesia.

"With the new sales contract, Reswara has secured another important trading counterpart after partnering with an Indian company in the beginning of the year. This will guarantee market availability for our coal, which is produced from our two concessions," said Harry Asmar, President Director of Reswara.

Reswara and Avra Commodities also see an opportunity to increase the sales of coal owned by TIA (TIA Compliant Coal - TCC) as well as coal sold through Reswara (Reswara Trading Coal - RTC) for specifications of 6000 GAR** calorific value (East Kalimantan), 5000 GAR calorific value (Central Kalimantan), and 4000 GAR calorific value (South Kalimantan). Avra Commodities is primarily involved in commodity trading, especially in supplying thermal coal to India, China, Thailand, Taiwan, and Philippines. The company owns a subsidiary in Indonesia by the name of PT Avra Indonesia.

President Director Avra Indonesia, Bob Kamandanu added, "We welcome the cooperation between Avra Commodities and Reswara. We believe that as part of an integrated energy company like ABM Investama, Reswara is able to guarantee on-time and reliable delivery, an essential factor in coal trading.?

"Reswara?s success in achieving more than half of targeted sales before mid year 2012 inspires confidence that we will achieve our target for this year. This is aligned with Company?s strategy to achieve long-term business growth in a sustainable manner," said Andi Djajanegara, President of ABM Investama.(ends)