RELEASE FROM PT ANEKA TAMBANG: Due diligence on divested shares of KPC update

"We write as regards the request for clarification from the Jakarta Stock Exchange (JSX), in a letter dated October 14, 2002. With reference to the Bisnis Indonesia newspaper article dated October 14 2002 entitled, "Antam will utilize project financing facility to acquire KPC". Antam would like to notify the JSX of the following:

* Antam always seeks to increase shareholders' value. Related to that, Antam has formed a team to perform a due diligence review of PT altim Prima Coal (KPC) as part of the bidding process to potentially acquire a portion of the divested shares of KPC.

* The due diligence team will perform a thorough due diligence review of KPC to assess whether such an acquisition will provide value for Antam's shareholders and will not affect Antam's current expansion of its ferronickel capacity (Antam's core business) with the development of the FeNi III project in which Antam will be bound with a long term

loan agreement.

* Antam's final decision on the potential bid will depend on the results of the due diligence, provided that the financing scheme will not interrupt the financing of FeNi III.

Thank you for your kind attention.

Dohar Siregar, Corporate Secretary (October 17, 2002). (*)