RELEASE: Moody's upgrades Antam's Senior Unsecured rating

(Hong Kong, May 19, 2006) -- Moody's Investors Service has upgraded the foreign currency senior unsecured bond rating of Antam Finance Limited to B1 from B2. The outlook is stable. The company's bonds are irrevocably and unconditionally guaranteed by PT Aneka Tambang (Persero) Tbk (Antam).

This rating action follows Moody's decision to upgrade Indonesia's foreign currency sovereign rating to B1 from B2.

At the same time, Moody's has affirmed Antam's B1 local currency corporate family rating. The rating outlook remains positive.

Antam, headquartered in Jakarta, is 65% owned by the Indonesian government. The company is involved in the exploration and production of nickel ore, smelting of ferronickel, exploration, and production and refining of gold and silver, bauxite and iron sands.(end of release)