Release: Antam to distribute interim dividend of Rp 37.39 billion

Jakarta, December 10 2004 ? PT Antam Tbk herewith announces that the Meeting of the Board of Directors? convened in Jakarta on December 8th 2004 has decided to pay an interim cash dividend in the amount of Rp37.39 billion from Antam's profits after tax for the first nine months of 2004 of Rp520.71 billion. The interim cash dividend, which is equivalent to Rp19.60 per share, will be distributed January 10, 2005. The interim cash dividend will be accounted for with dividend that will be distributed based on decision of the next Annual General Meeting of Shareholders.

Schedule of Dividend Payment
Interim cash dividend per share: Rp 19.60
Recording date: December 29, 2004
Cum Dividend (Continuous Auction Market: December 23, 2004); (Spot Market: December 29, 2004)
Ex Dividend (Continuous Auction Market: December 27, 2004); (Spot Market: December 30, 2004)
Payment Date: January 10, 2005

Manner of Payment
1. For those shareholders who hold scripless shares, which are included in the Collective Deposits of PT KSEI, their interim cash dividend will be paid through PT KSEI in accordance with the aforementioned schedule.

2. For shareholders whose shares are not included in the Collective Deposits of PT KSEI, the Company will send a Notification of Dividend Payment (?SPPD?) to the addresses of the shareholders. Interim cash dividends will be paid in Bank Mandiri branches throughout Indonesia in accordance with the aforementioned schedule.

3. In accordance with the letter of the Director General of Non Tax and Public Service Revenue of the Finance Ministry (S-1574/AP/2004) dated December 7 2004, the interim cash dividend payment to the Government of the Republic of Indonesia will be paid on December 30, 2004.

4. In compliance with Indonesian tax regulations, the Company will directly deduct taxes payable arising from the payment of the interim cash dividend.

5. In accordance with the Circular Letter of the Director General of Taxation (SE-08/PJ.35/1993jo.S-101/PJ.43/1996), for those shareholders considered Foreign Taxpayers, income tax deduction will be based on the Double Taxation Avoidance Agreement (?P3B?), Income Tax Article 26. For this, such shareholders must provide the Company?s Securities Administration Office with an original Certificate of Domicile issued by their home country (which has such a tax agreement with Indonesia) or if the shareholder concerned used the services of a custodian bank, a photocopy of the Certificate of Domicile, legalized by a legitimate custodian official, as on the recording date. Should the required Certificate of Domicile, or legalized photocopy, not be received on time, the shareholder shall be subject to Income Tax Article 6 and a 20% income tax will be deducted from the interim cash dividend payment. (end release)