Release: San Miguel eyes 51% of Bumi Resources

(06 November 2008)--We reply to your request for clarification of the news article entitled ?San Miguel eyes 51% of PT Bumi? published in the November 6, 2008 issue of the Philippine Daily Inquirer (Internet Edition). The articled reported in part that:

?Philippine beverage, food and packaging conglomerate San Miguel Corp., in a diversification thrust, is keen on acquiring at least 51 percent of Indonesian mining heavyweight PT Bumi Resources, its president and chief operating officer Ramon Mg confirm this in a text message...?

We confirm that the Company is interested in acquiring at least 51% of PT Bumi Resources. Discussions on the transaction are ongoing. (end of release)