RELEASE: S&P withdraws 'B' ratings on PT Berau Coal

(SINGAPORE Oct. 17, 2008)--Standard & Poor's Ratings Services said today that it had withdrawn its 'B/Stable' long-term corporate credit rating on Indonesia's PT Berau Coal and the 'B' foreign currency rating on the US$325 million senior secured notes issued by Berau Coal's wholly owned subsidiary, Empire Capital Resources Pte. Ltd. due to the unavailability of information from the company.

This unsolicited rating(s) was initiated by Standard & Poor's. It may be based solely on publicly available information and may or may not involve the participation of the issuer's management.

Standard & Poor's has used information from sources believed to be reliable, but does not guarantee the accuracy, adequacy, or completeness of any information used. (end of release)