Release: Delta Dunia - Northstar Tambang Persada announcement

Monday, December 20 2010 - 01:10 AM WIB

(19 December 2010)--Northstar Tambang Persada Ltd. (?NTP?), a 40% shareholder of Delta Dunia Makmur Tbk, hereby informs the Board of Commissioners and Directors of Delta of a change in the lineup of its non‐voting shareholding.

A consortium of investors consisting of affiliates/nominated investment vehicles of TPG Capital and Government of Singapore Investment Corporation Pte Ltd has today completed a purchase of all the non‐voting interests in NTP from certain investors/shareholders. Northstar Equity Partners is not one of the selling parties and will continue to retain voting rights and a controlling interest in NTP.

TPG Capital is the global buyout group of TPG, a leading private investment firm founded in 1992, with $48 billion of assets under management. Government of Singapore Investment Corporation Pte Ltd is a global investment management company established in 1981 to manage Singapore's foreign reserves. (end of edited release)

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