Jakarta, 31 August 2017 – Keeping up with the momentum from 2016, the overall portfolio of PT Saratoga Investama Sedaya Tbk. (ticker code: SRTG) delivered solid result in the first semester of 2017. A net profit of Rp 2.5 trillion was recorded with total assets under management reaching Rp 27 trillion. The results were mainly driven by the strong growth of the investee companies as well as the growing dividend distribution from a number of investee companies.

We are proud to have delivered strong results to our shareholders, said Saratoga President Director Michael W.P. Soeryadjaya. The overall portfolio did well in the first semester, and we are glad to see the outstanding performance of our investee companies in their business growth and earnings results. Going forward, Saratoga will continue to support its investee companies in developing their businesses and strategic vision, said Michael in Jakarta
(31/08/17).

The contribution to net profit was driven by diversified sources in the portfolio including the increase of the share price of the listed investee companies and dividend distribution from investee companies. In the first semester of 2017, dividend income grew by 61% to Rp 371 billion compared to the same period last year, attributable to PT Tower Bersama Infrastructure, Tbk. (ticker code: TBIG) with Rp 220 billion, PT Adaro Energy Tbk. (ticker code: ADRO) with Rp 90 billion and PT Mitra Pinasthika Mustika Tbk. (ticker code: MPMX) with Rp 54 billion. In addition, the increase in the price of shares of investee companies has contributed Rp 2 trillion in unrealized income.

In terms of the new investment and divestment during the period, in the first quarter, Saratoga divested PT Lintas Marga Sedaya (LMS), a toll-road operator that oversees the operation of Cikopo-Palimanan stretch of toll-road.

In March, Saratoga acquired shares of PT Deltomed Laboratories through a Saratoga subsidiary, PT. Saratoga Sentra Business. Saratoga has been increasing investments in the consumer-related infrastructure sector since last year. It also made investments in coldchain logistics and hospital operator group in 2016. We believe the sectors play an important role in Indonesia as the economy and population continues to grow.. We are excited to participate in the growth of the sector and support the expansion of the economy, said Michael.

We are pleased to welcome Deltomed as the latest addition to the portfolio, commented Saratoga Chief Financial Officer Jerry Ngo. Our goal is to continue building a welldiversified and balanced portfolio through the cycle of new investment, divestment and growth of the existing companies. The overall portfolio did well in the first semester, and is
well positioned to ride through different investment environment scenarios we might face in the second half of the year. We have also built strong diversified sources of liquidity through investment activities, dividend income and strategic banking partners. This puts us in a strong position in capturing interesting opportunities the market has to offer. Since the Company started adopting the new accounting standards in 2016, the new approach allows
us to provide more transparency and corporate governance to its daily business activities and reflect the true value growth of the company.

Performance of Investee Companies

In the natural resources sector, PT Adaro Energy Tbk. (ADRO) in the second quarter of 2017 produced 13.27 million tonnes (Mt) of coal from PT Adaro Indonesia (AI), PT Semesta Centramas (SCM), PT Laskar Semesta Alam (LSA) and Adaro MetCoal Companies (AMC), a slight increase compared to 13.23 Mt in the second quarter of 2016.

As Indonesia’s coal requirement grows, Adaro is committed to meet the nation’s growing coal demand. The domestic sales portion for the first six months of 2017 was 23% while the rest was exported. The top export destination countries are Malaysia (14%), China (11%) and Japan (10%).

In the infrastructure sector, PT Medco Power Indonesia (MPI) achieved the operations of the first commercial unit of Sarulla Geothermal Power Plant with a gross capacity of 110 MW, starting from March 18, 2017. The Sarulla project is one of the largest geothermal plants in the world with a total gross capacity of 330 MW on one single contract and consists of three phases. The second phase and third phase are scheduled to start commercial operations end of 2017 and mid 2018, respectively. The electricity produced by Sarulla Geothermal Power Plant is sold to Perusahaan Listrik Negara (PLN) over a 30-year period under its PPA.

In the consumer sector, PT Mitra Pinasthika Mustika Tbk. (MPMX) a smart mobility company in Indonesia, booked a net profit attributable to the parent company (NPATMI) of Rp 323 billion throughout the first semester of 2017 or up 80 percent compared to the same period last year, attributable to the Company’s internal restructuring to optimize the capital structure and boost growth across all businesses. The 20 percent divestment of MPMFinance produced a one-off gain of Rp 107 billion.

PT Gilang Agung Persada (GAP), a dedicated fashion and lifestyle brand management company in Indonesia, managed to secure the distribution rights for Citizen timepieces. This brand has a longstanding reputation in Indonesia. GAP had also been granted the right to wholesale Casio products, owning to our success in retail distribution. This is a great opportunity for GAP as the wholesale business is a significantly larger contributor of the overall Casio business in Indonesia.

***END***

About PT Saratoga Investama Sedaya Tbk.

Founded in 1998, PT Saratoga Investama Sedaya TBk. (IDX ticker code: SRTG) is a leading active investment company in Indonesia. Saratoga takes an active role in managing its investee companies as well as in exploring investment opportunities in Indonesia. Saratoga focuses on investment opportunities in the early-stage as well as in the growth stage, and also in special conditions with emphasis on sectors that support Indonesian economic development,
such as consumer, infrastructure, and natural resources.

Saratoga’s vision is to continue to be the major active investment company in Indonesia as well as the partner of choice for national and foreign investors, who wish to participate in the dynamic growth of the Indonesian economy.

For further information on Saratoga, please visit www.saratoga-investama.com.

Contact:

Jakarta, 25 April 2016 – The year 2016 was a significant year for PT Saratoga Investama Sedaya Tbk (ticker code : SRTG). As an active investment company, Saratoga successfully identified investment opportunities, growing and increasing the values of its investee companies to their full potential, and optimally monetizing its assets.

 “It has been an exciting journey for Saratoga over the years and in 2016 we managed to complete several full cycles of investment through divestments and monetization of parts of our portfolio,” explained Saratoga President Director Michael W.P. Soeryadjaya after Saratoga’s Annual General Meeting of Shareholders in Jakarta, Wednesday (25/4).

In 2016, Saratoga monetized several assets, such as PT Pulau Seroja Jaya for IDR 98 billion, as well as the plantation assets of PT Provident Agro Tbk, which focuses on natural resources. Saratoga also relinquished its ownership in PT Sinar Mentari Prima (SMP), part of the company’s infrastructure portfolio.

Having carefully selected and thoroughly considered over 100 investment opportunities, in2016 Saratoga made two new investments in PT Mulia Bosco Logistik and PT Famon Awal Bros Sedaya, adding to its consumer portfolio. This year Saratoga deployed a total of IDR 420 billion in capital into new opportunities.

Michael said that a majority of Saratoga’s portfolio companies performed very well in 2016. In the natural resources sector, the fundamental strengthening of PT Adaro Energy Tbk. (ticker code: ADRO) has driven up Adaro’s share prices in 2016, from IDR 515 to IDR 1,695 per share.

In the consumer sector, the positive business improvements of PT Mitra Pinasthika Mustika Tbk. (ticker code: MPMX) boosted MPMX’s share price from IDR 489 to IDR 820 per share. Further evidence of these improvements can be observed through the record number of dividends paid, which in 2016 amounted to IDR 622 billion, a record for Saratoga, improving from IDR 268 billion in 2015.

Saratoga Chief Financial Officer Jerry Ngo explained that in 2016, Saratoga started the implementation of Statement of Financial Accounting Standards (SFAS) 65. With the new accounting standards, Saratoga is able to reflect fair value to its investment assets, providing concrete illustration on the company’s business performance in the future.

With regards to the new accounting standards, Saratoga posted IDR 6.34 trillion in unrealized gain in investment income in 2016 – majority of which was obtained through oneoff, mark-to-market adjustments, which marked the transition from equity accounting to fair value.

“Our performance in 2016 does not necessarily serve as a reference to how Saratoga will perform in the future, as it was the result of the implementation of SFAS 65 in 2016. With the new standards, shareholders will have the transparency to make a decision with regard to their investment in Saratoga,” Jerry explained.

Annual General Meeting of Shareholders 2016 Results

In today’s Annual General Meeting of Shareholders, shareholders decided to pay a final dividend of IDR 235.8 billion or IDR 87 per share, therefore the total dividend paid for 2016 was IDR 401 billion.

About PT Saratoga Investama Sedaya Tbk.

Founded in 1998, Saratoga Investama Sedaya (Saratoga) is a leading active investment company in Indonesia. Saratoga takes an active role in managing its investee companies as well as in exploring investment opportunities in Indonesia.

Saratoga focuses on investment opportunities in the early-stage as well as in the growth stage, and also in special conditions with emphasis on sectors that support Indonesian economic development, such as consumer, infrastructure, and natural resources.

Saratoga’s vision is to continue to be the major active investment company in Indonesia as well as the partner of choice for national and foreign investors, who wish to participate in the dynamic growth of the Indonesian economy.

for further information on PT Saratoga Investama Sedaya, Tbk., please visit: www.saratoga-investama.com.

or email:

The establishment of this Vocational School Specializing in Electric Power Engineering Program is a concrete support to the government in realizing the 35,000 MW electricity program

Tangerang, March 1, 2017 – PT Saratoga Investama Sedaya Tbk. (Saratoga) supports Ora et Labora Foundation in the establishment of the first private Vocational School specializing in Electrical Engineering Program (SMK Program Teknik Ketenagalistrikan) in Indonesia. This activityis marked by groundbreaking held today in South Tangerang. The initiative of Saratoga and Ora et Labora (OeL) is a concrete support to the government in realizing the 35,000-megawatt electricity program.

PT Saratoga Investama Sedaya Tbk. Chief Financial Officer, Jerry Ngo explained that Saratoga’s initiative is driven by a growing demand from industry players for more skilled manpower in the power-generating sector. This program is also aligned with one of Saratoga’s Corporate SocialResponsibility pillars that focuses on human capital development. Investment in education will create more qualified Indonesians that can contribute positively to the country’s development.

“Saratoga, through its investee companies in the power sector and the power plant industry, takes an active role in creating the school’s curriculum and monitoring the learning process at SMK Teknik Ketenagalistrikan Ora et Labora. The involvement of Saratoga’s investee companies will be enlarged with more partnerships with other companies in the power-generating sector. This is to ensure that the program implementation and its graduates match with the needs in the power sector and of its players. The curriculum developed and applied will be industry-based with training facilities that closely resemble the actual equipments. Moreover, the students will obtain certificates from the government and industry player that partners with SMK OeL to strengthen their quality standards,” Jerry said.

Jerry also added that as an active investment company in Indonesia, Saratoga would like to be at the forefront in concerted efforts to prepare quality, educated manpower in the powergenerating sector. “We hope that with the standards and quality of the faculty and curriculum, this SMK is going to be one of the best vocational schools and will make positive contributions to the industry and country,” said Jerry.

The school is expected to meet the increasing demand from the industry for trained and qualified operators, including those from the companies under Saratoga Group, like Adaro Power (one of the subsidiaries of Adaro Energy), Medco Power Indonesia, Paiton Energy and Tenaga Listrik Gorontalo. Saratoga is one of the largest investor groups that invests in power generation.

Ora et Labora Foundation Chairperson, Sandi Rahaju, explained that the establishment of SMK Program Teknik Ketenagalistrikan Ora et Labora is a significant step in preparing quality human resources in the electricity sector, especially power plant experts. There is an increasing demand for electricity nationally, thus, the availability of human resources that are skillful in the power sector becomes more crucial.

There is a greater need for human resources in the electricity sector due to the government’s
35,000 MW electricity program. The government recorded that demand for professional manpower in electricity reaches to 3.65 million people, which consist of 3 million people of indirect labor and 650,000 of direct labor.1

“We are grateful SMK Program Teknik Ketenagalistrikan – a partnership between Ora Et Labora and Saratoga – will be realized soon. This SMK is open to public and hopefully can become part of the government’s solution in strengthening the electricity sector in Indonesia,” explained Sandi in Tangerang (1/3).

According to Sandi, the educational system at SMK Program Teknik Ketenagalistrikan Ora Et Labora will be divided into two programs. The first one is the Voc-Tech program, which will be starting in the 2017/2018 academic year in July 2017 and On-Board Training which will be conducted in 2018 over a period of 6-8 months. The first batch of participants will be recruited from power plants companies who want to improve their employees’ skills in electricity.

Within the first year, SMK Program Teknik Ketenagalistrikan Ora Et Labora will begin submissions for one class wherein the students will learn for four years, which equals Diploma I. In the second year, one more class will be added, which will eventually evolve to accommodate more and nore students.

To ensure the quality of the SMK graduates, Ora Et Labora Foundation also teams up with Swiss German University (SGU) to bring competent and credible educators in their respective fields. Meanwhile, for electrical engineering training, Ora Et Labora will also embrace Industrial Technology Enterprise (CITE), an industrial-based, social-oriented and world-class global agency.

Ora et Labora Foundation Head of Board of Trustees, Edwin Soeryadjaya explained that the establishment of a Vocational School like SMK Teknik Ketenagalistrikan Ora et Labora is the manifestation of a collaboration between the educational sector and corporate sector as well as the government, which can bridge the gap between theoretical education at school and its application on the field, thus, the graduates of this SMK can become quality human resources who are ready to enter the professional realm immediately upon graduating.

“We hope that our concept of educational–corporate sector collaboration can serve as a benchmark for other industry players, encouraging them to support this program, especially in the power sector and other sectors, and for them to follow suit, so we can all contribute more to the development of the nation,” Edwin concluded.

***END***

About PT Saratoga Investama Sedaya Tbk.

Founded in 1998, Saratoga Investama Sedaya (Saratoga) is a leading active investment company in Indonesia. Saratoga
takes an active role in managing its investee companies as well as in exploring investment opportunities in Indonesia.

Saratoga focuses on investment opportunities in the early-stage as well as in the growth stage, and also in special
conditions with emphasis on sectors that support Indonesian economic development, such as consumer,
infrastructure, and natural resources.

Saratoga’s vision is to continue to be the major active investment company in Indonesia as well as the partner of choice
for national and foreign investors, who wish to participate in the dynamic growth of the Indonesian economy.

About Ora Et Labora Foundation

YPK Ora et Labora has been managing the ORA et LABORA school since May 28, 1966. It began with Benny Rob Arie
Riupassa and Johannes Boudewijn Riupassa who built a school for teaching-learning activity at Kindergarten (TK) level,
Elementary School (SD), Junior High School (SMP) to High School (SMA).

The ORA et LABORA school has booked academical achievements both on the national and international levels. On the
national level, ORA et LABORA students have claimed various winning titles in the National Science Olympics (OSN) for
Natural Sciences (IPA) and Math.

Meanwhile, on the international level, several accomplished students have honored the ORA et LABORA name by
winning gold and silver medals at several math and science olympics at ASEAN level and on a global scale.

Today, YPK ORA et LABORA has established three schools in Panglima Polim, Bumi Serpong Damai and Pamulang.

for further information on PT Saratoga Investama Sedaya, Tbk., please visit: www.saratoga-investama.com.

or email:

For further information on Yayasan Ora Et Labora, please contact:
Nunuk Istriani (nunukst@oel.or.id) or telp (021) 537 6346, 5315 7370

Jakarta, June 15, 2016 – Decision to pay out IDR 32/share in dividends to shareholders was taken today at the Annual General Meeting of Shareholders (RUPST) of PT Saratoga Investama SedayaTbk. (ticker: SRTG), the company’s first since its IPO in 2013.

Saratoga President Director, Michael W.P.Soeryadjaya stated that the AGMS decision to pay out dividend – despite challenging economic condition–reflectsthe company’s solid commitment to increasing shareholders value. “Shareholders’ support is a critical source of strength for our long term growth and sustainability.”

One transaction that proves the company’s outstanding capability to create value was the IDR98 billion divestment of PT PulauSeroja Jaya, resulting in a 48% Internal Rate of Returnover 8 years.

“Our investment and divestment activities must allow us to unlock value and boost growth for investee companies, thus enhancing strategic importance and financial returns for our shareholders,” said Michael after the company’s Annual General Shareholders Meeting (RUPST) in Jakarta, Wednesday (15/06).

In the past eight years, Saratoga has successfully recycled capital which leads to Net Asset Value (NAV) growth from IDR 1.3 trillion in 2008 to IDR 13.3 trillion in 2015, resulting in the 33.5% CAGR. As of Q1 2016, Saratoga booked a Net Asset Value (NAV) of IDR 14.8 trillion, with 22 operating investee companies across the three key sectors, employing more than 40,000 employees. The NAV was calculated conservatively based on the market value of listed investee companies — the shares of which are listed on the stock exchange and the book value of non-public investee companies.

In 2015, the companyinvesteda total of IDR 649 billion, IDR 304 billion of which was for investments into new opportunities, the remainder being deployed as follow on investments into existing portfolio companies.

This disciplined and prudent investment strategy is also reflected in the Company’s approach in screening new opportunities. As an example, in 2015, Saratoga managed to identify 101 investment prospects, from which only 2 made it through a very strict screening mechanism employed by Saratoga’s management.

The new investments are into PT Agra Energi Indonesia andacquisition of PT BatuHitam Perkasa; as the shareholder of Paiton Energy, one of the largest IPPs in Indonesia with 2GW power generating capacity.

Saratoga Finance Director, Jerry Ngo said that in Q1 2016, Saratoga invested in cold-chain logistics through the share acquisition in PT Mulia Bosco Logistik (MGM Bosco). “This transaction presented Saratoga an exceptional opportunity to build a strong growth platform in the cold chain logistics sector,” Jerry said.

In May 2016, Saratoga took an opportunity to reduce debt by repurchasing USD 17.3 million worth of its Exchangeable Bond issued by its subsidiary Delta Investment Horizon Ltd (“Delta”). All the repurchased bonds were cancelled, reducingthe outstandingprincipal amount from USD 100 million to USD 82.7 million.

The management’s decision to repurchaseEB also produced positive cash flow of USD 2.7 million.“The initiative has proven that Saratoga’s active investment business model is effective in monetizing from and investing intoits investee companies,” explained Jerry.

As part of the AGMS decisions, the shareholders agreed that by first half of 2016 Saratoga will begin implementing financial report based on PSAK 65 – Consolidation Exception, which was taken effect on 1 January2015. The change in the financial reporting aims to provide better presentation of the Company’s financial performance to shareholders, creditors, and other capital market professionals in making their investment decisions.

“The implementation of PSAK 65will hopefully allow stakeholders and shareholders to have clearer information that reflect the Company’s effectivebusiness model of investing, growing, and monetizing,” Jerry said.

Investee Companies’ Performance

Saratoga actively manages its investment portfolio to ensure sustainable growth in the long term.

Natural Resources Sector

PT Adaro Energy Tbk. (IDXticker: ADRO) through its subsidiary PT Bhimasena Power Indonesia on June 6, 2016 has achieved financial close for 2×1,000 MW power plant project in Batang Regency, Central Java. Following the financial close, construction of the power plant will begin with the commercial operational date expected in 2020. The total investment for the project is USD 4.2 billion.

In early June 2016, PT Adaro Energy Tbk. through its subsidiaries have signed a Share Sale Agreement with BHP Mineral Holdings Pty. Ltd. and BHP Minerals Asia Pacific Pty. Ltd with the objective of purchasing and taking over the entirety of the shares of the Indomet Coal Project, consisting of 7 PKP2B in Central and East of Kalimantan with an overall transaction value of USD 120 million.

PT Merdeka Copper Gold Tbk (IDX ticker: MDKA) targets production of gold from the Tujuh Bukit Mine in Banyuwangi by the end of2016. Production of gold and silver at the mine will reachapproximately 90,000 oz and 300,000 oz per year respectively for the first nine  years. In an effort to support the construction of its Tujuh Bukit gold production facilities, Merdeka has successfully securedits capital expenditurerequirement from various funding sources.

Sumatra Copper & Gold (ASX ticker: SUM) also started its gold production in 2015 at its Tembang project. SUM is listed on the ASX with projects spread throughout several locations in Sumatera.

Infrastructure Sector

PT Lintas MargaSedaya (LMS) successfully completed and commercially opened the 116.75 km Cikopo – Palimanan (Cipali) toll road – which is part of the Trans Java toll network. The toll which was inaugurated by President Joko Widodo in June 2015, crosses 5 regencies in West Java, namely Purwakarta, Subang, Majalengka, Indramayu, and Cirebon. The toll reduces travelling time by 1.5 – 2 hours and distance by 40 kilometers compared to Pantura road. Cipali toll road is expected to drive people and logistical mobility that will create economic multiplier effect across the regions.

The infrastructure sector also foresees future challenges pertaining to the status of PT Tri Wahana Universal (TWU). The mini refinery in Bojonegoro, East Java has ceased production although it continues to run operational activities, including sales, distribution and collection. The reason behind the halt in TWU’s mini refinery production is the lack of regulation on the crude oil supply pricing formula at the well mouth, which is fundamental to the continuation of TWU’s crude oil supply contract.

As the first national private oil refinery in Indonesia which has been in production for over 5 years, TWU mini refinery has made positive contributions and created multiplier effect for the local economy and social growth, including employment opportunities and promoting higher income for the people of Bojonegoro and East Java.

Consumer Sector

PT MitraPinasthikaMustikaTbk. (IDX ticker: MPMX), a national consumer automotive company has decided through its AGMS a 2.5X increase in dividend payout from IDR 30.5billion in previous year to IDR 75.9 billion or IDR 17per share. The amount accounts for 26.6% of the profits attributable to owners of the parent in 2015.

About PT Saratoga Investama SedayaTbk.

Founded in 1998, Saratoga Investama Sedaya (Saratoga) is a leading active investment company in Indonesia. Saratoga takes an active role in managing its investee companies as well as in exploring investment opportunities in Indonesia.

Saratoga focuses on investment opportunities in the early-stage as well as in the growth stage, and also in special conditions with emphasis on sectors that support Indonesian economic development, such as consumer, infrastructure, and natural resources.

Saratoga’s vision is to continue to be the major active investment company in Indonesia as well as the partner of choice for national and foreign investors, who wish to participate in the dynamic growth of the Indonesian economy.

For further information on Saratoga, please visit www.saratoga-investama.com

Contact:

Jakarta, October 29, 2015 – PT Saratoga Investama Sedaya Tbk. (ticker: SRTG) continues to maintain an active, disciplined and measured investment strategy as it attempts to maximize opportunities presented by the dynamic global and domestic economic conditions.

In the first nine months of 2015, Saratoga has undertaken several investment initiatives to strengthen the company’s three core sectors of natural resources, infrastructure and consumer products and services.

In power generation, Saratoga has acquired 16.67% of shares in PT Batu Hitam Perkasa (BHP), a holding company controlling 5% shares in PT Paiton Energy. Paiton Energy is one of the largest Independent Power Producer (IPP) in Indonesia that owns a license to construct, own and operate coal steam generators located at the Paiton Power Plant complex in Probolinggo Regency, East Java. Paiton operates two electricity generators: Unit 7/8 and unit 3 for a total generating capacity of 2,035MW.

Saratoga’s investment in PT Paiton Energy aligns with the Indonesian government’s plan to build 35,000MW of power generation in the country over the next five years.

In the natural resources sector, Saratoga is exploring opportunities for local companies to develop early-stage oil & gas assets in Indonesia. Together with our joint venture partner, PT Puncak Jaya Berlima, Saratoga has established PT Agra Energi Indonesia a company engaged
in early-stage oil and gas exploration. Saratoga controls 30% of the company.

Saratoga President Director Michael W.P. Soeryadjaya said that the Company is undertaking several strategic measures to maximize opportunities while making sure that business fundamentals remain sustainable. Investment strategies applied by Saratoga have also been
proven to maintain the resilience of the company’s business model despite the sluggish Indonesian economy.

For the first nine months in 2015, Saratoga has generated a consolidated revenue of IDR 3.4 trillion, while gross profit increased 44% from IDR 507 billion in the 9M 2014 to become IDR 730 billion in the same period this year. Saratoga also booked net profit attributable to shareholders
in the amount of IDR 822 billion, up 8% from IDR 762 billion in the same period last year.

Every investment decision by Saratoga has undergone an extensive process that involves careful considerations. This strategy has kept the company’s performance positive amidst the currently dynamic and challenging economic climate,” said Michael W.P Soeryadjaya in Jakarta,
Thursday(29/10).

Saratoga supported investee companies to grow and realize their plan. In the natural resources sector, Saratoga’s investee company PT Merdeka Copper Gold Tbk. (ticker: MDKA) – a preproducing mining company in Indonesia– successfully listed its shares on the Indonesia Stock Exchange (IDX) in June 2015.

In the coal and energy business, Adaro sustained an impressive performance to record US$119 million in profit in the first semester (HI) of 2015, proving that the company’s business model remains solid despite the difficult conditions in the coal market.

Mid this year, Saratoga’s investee company PT Lintas Marga Sedaya (LMS) has commenced operations of its 116.75 kilometers Cikopo – Palimanan (Cipali) toll-road that connects 5 regencies in West Java. The Cipali toll-road is expected to contribute to the local and national
economies, particularly by trimming logistic costs as it reduces travel time by up to 2 hours compared to the previous Pantura route. Data from the police indicate that the 2015 homecoming season saw 70% of travelers from the Jabodetabek area making use of the Cipali toll road.

“We are committed to continue growing our investment portfolio by focusing on strengthening the fundamentals of our investee companies. We remain optimistic on the medium and longterm prospects of the Indonesian economy and view the current economic challenges as an opportunity to further bolster Saratoga’s investment value,” said Michael.

About PT Saratoga Investama Sedaya Tbk.

Founded in 1998, Saratoga Investama Sedaya (Saratoga) is a leading active investment company in Indonesia. Saratoga takes an active role in managing its investee companies as well as in exploring investment opportunities in Indonesia.

Saratoga focuses on investment opportunites in the early-stage as well as in the growth stage, and also in special conditions with emphasis on sectors that support Indonesian economic development, such as consumer, infrastructure, and natural resources.

Saratoga’s vision is to continue to be the major active investment company in Indonesia as well as the partner of choice for national and foreign investors, who wish to participate in the dynamic growth of the Indonesian economy.

For more information on PT Saratoga Investama Sedaya Tbk. please visit: www.saratoga-investama.com

For further information, please contact:

Jakarta, July 31, 2015 – PT Saratoga Investama Sedaya Tbk. (ticker: SRTG) first half result continues to prove up the resilience of its business model as it continues to invest and actively explore new opportunities throughout the three key sectors of natural resources, infrastructure, and consumer.

In the first semester of 2015, Saratoga posted Rp 1.2 trillion in profit attributable to shareholders, up 121% from Rp 542 billion for the same period last year.

The increase in net profits was partly due to the robust results of its refining business as well as on the one-off impact as a result of reclassification in PT Merdeka Copper Gold Tbk. (Ticker: MDKA) from the equity to cost method due to the dilution following Merdeka’s IPO.  MDKA’s IPO last June is part confirmation of Saratoga’s business model as it invests in early stage companies, develop them and position them for further growth and development potentials.

On the other hand, lower net share profit was recorded by 51.4% to Rp 244 billion this semester due to the decline income recognition from ADRO, TBIG and MPMX, compared to Rp 501 billion in the same period last year.

The company’s revenue in the period reached Rp2.3 trillion while its net asset value was at Rp 20 trillion based on the market value of its listed investee companies, as well as the book value of non-public investee companies. In line with the macro-economic themes, infrastructure now accounts for 60% of the portfolio with the recent milestones like the opening of the 116km Cikopo-Palimanan tollroad and the recent entry into Paiton Energy.

Saratoga President Director Michael W.P. Soeryadjaya remarked that as an active investment company, Saratoga always find ways to strengthen its investment portfolio to achieve continous growth in the long-term. “Amid the sluggish economic climate, Saratoga continues its strategy of looking at new opportunities that offer bright prospects, strengthen the existing investments and provide maximum added value to the Company. We are confident that the strategy will allow Saratoga to positively sustain its business growth,” said Michael in Jakarta, Friday (7/31).

In the first semester, a number of Saratoga investee companies turned in further significant growth and new acquired businesses further bolstered Saratoga’s investment portfolio

In the infrastructure sector, PT Lintas Marga Sedaya (LMS) since 13 June 2015 has commenced operations of the 116.75 kilometer Cikopo-Palimanan (Cipali) toll road. This longest toll road in Indonesia contributes significant benefits to the economic sector, particularly reducing travel durations and lowering logisitic costs through the North Java Coast Road (pantura). Based on Information available, the 2015 homecoming (Mudik) season saw 70% of travelers from the greater Jakarta (Jabodetabek) area making use of the the Cipali toll road.

Together with PT Agung Indonesia Mandiri, Saratoga have signed an CSPA to aquire 16.67%shares of PT Batu Hitam Perkasa (BHP) on 14 July 2015 . BHP holds 5 percent of shares in PT Paiton Energy, an electricity-generating company, which has secured a license to construct, own and operate a coal steam generator located at the Paiton Power Plant complex in Probolinggo Regency, East Java. Paiton operates two electricity generators: unit 7/8 and unit 3 for a total generating capacity of 2,035MW.

In the natural resources sector, Saratoga’s investee company PT Merdeka Copper Gold Tbk was successfully listed on the Indonesia Stock Exchange (IDX) on 19 June 2015. Merdeka is the first pre-producing mineral mining company successfully listed its shares on the Indonesia Stock Exchange (IDX). Merdeka shares saw an oversubscription at the upper price range, proving the high trust among investors to place their funds in the gold, silver and other mineral mining services offered by Merdeka.

Furthermore, Saratoga through its investee company PT Surya Nuansa Ceria (PT SNC) has signed a working agreement with PT Puncak Jaya Berlima to establish PT Agra Energi Indonesia to explore oil and gas. Saratoga controls up to 30 percent of shares worth US$7.5 million.

In the consumer sector, Saratoga together with its investee company PT Mitra Pinasthika Mustika Tbk. (MPM) and Golden Valley Advisors Inc. (Golden Valley) signed a Conditional Sales and Purchase Agreement (CSPA) to acquire 51 percent of PT Express Transindo Utama Tbk. (Express) shares from PT Rajawali Corpora (Rajawali) on 6 July 2015. The transaction is expected to be finalized this year.

“The recent results, albeit challenging, is a testament to the resilience of the company’s business model and to the robustness of its portfolio.  We will continue to diversify and strengthen our portfolio by exploring further investment opportunities and believe that the current conditions are constructive for further investments in our focused sector.  Not withstanding the current macro challenges, we are confident of the Indonesian economy’s long-term prospects and on our firm’s potential to continue to create value for our shareholders” said Jerry Ngo, Saratoga Financial Director.

–   end   –

About PT Saratoga Investama Sedaya Tbk.

Founded in 1998, Saratoga Investama Sedaya (Saratoga) is a leading active investment company in Indonesia. Saratoga takes an active role in managing its investee companies as well as in exploring investment opportunities in Indonesia.

Saratoga focuses on investment opportunites in the early-stage as well as in the growth stage, and also in special conditions with emphasis on sectors that support Indonesian economic development, such as consumer, infrastructure, and natural resources.

Saratoga’s vision is to continue to be the major active investment company in Indonesia as well as the partner of choice for national and foreign investors, who wish to participate in the dynamic growth of the Indonesian economy.

For more information on PT Saratoga Investama Sedaya Tbk. please visit: www.saratoga-investama.com

For further information, please contact:

Jakarta, 10 June 2015 – The Annual General Meeting Shareholders (RUPST) of PT Saratoga Investama Sedaya Tbk. (stock code: SRTG) today approved the use of the entire net profit for the 2014 financial year to as capital. This decision reflects the high commitment and support of shareholders to continually strengthen the company’s business in order to optimize business opportunities in 2015.

In 2014, Saratoga recorded a net profit increase of up to 226% to Rp 803 billion from Rp 246 billion in 2013. The achievement was driven by increased revenue of 67% to Rp 6.1 trillion. Business growth was followed by strengthening fundamental investment companies, mainly in two sectors – infrastructure and natural resources.

Meanwhile, the Extraordinary General Meeting Shareholders (RUPSLB) approved the resignation of Sandiaga Salahuddin Uno as the president director of PT Saratoga Investama Sedaya Tbk. and appointed Michael W.P. Soeryadjaya as his successor. Sandiaga’s resignation was a personal decision to pursue personal aspirations. He will continue to remain as one of the major shareholders in Saratoga.

After the RUPSLB, Sandiaga expressed his gratitude for the support of the entire management, staff, business partners as well as the shareholders and stakeholders while under his leadership at Saratoga. Due to the solid support and cooperation, Saratoga has become an active investment company, expanding rapidly and is supported by very strong business fundamentals.

Under the leadership of Sandiaga, Saratoga has had a long track record of creating and improving corporate value for its stakeholders. Through a careful, disciplined and measurable investment approach as well as supported by conservative funding, Saratoga successfully nurtured investment firms to grow as major business players in the sector. At the end of 2014, Saratoga’s investment portfolio value reached Rp 22.2 trillion, an increase from Rp 17.8 trillion in 2013.

In an effort to strengthen the investment portfolio, the Company invested Rp 583 billion in 2014 – of which Rp 336 billion was for new investments and Rp 247 billion was to strengthen existing investments. Saratoga is extremely careful and highly selective in determining investments. Of the total 139 new opportunities considered in 2014, the Company only chose two new investments, namely PT Gilang Agung Persada (GAP), a company in the luxury fashion & lifestyle brand management company, and PT Merdeka Copper Gold, a gold and copper mining company, through PT Trimitra Karya Jaya. PT Merdeka Copper Gold’s inaugural listing in the Indonesia Stock Exchange is scheduled for June 2015.

Sandiaga is delighted to have been able to lay a solid foundation at Saratoga. This is strengthened by The Company’s consistent achievements in delivering successful investment results that give significant added value for its stakeholders. There will be one key important milestone under Saratoga infrastructure sector that will happen during this month of June. One of the investee companies in the infrastructure sector – PT Lintas Marga Sedaya – will inaugurate the operation of the Cikopo-Palimanan toll road (Cipali) as part of the Trans Java toll. The Cipali toll road – at 116 km – is a significant portion of the toll roads in Indonesia, which now totals 820 km (data from BPJT, April 2015).

Cipali’s operations will provide many benefits, both for the community around the toll road and for the national economy, as it will encourage the growth of new economic centers, improving the efficiency of travel time and reducing logistical costs. The successful development of the Cipali toll is expected to accelerate the development of infrastructure, especially other toll roads in Indonesia.

“I am grateful and proud to have been part of Saratoga’s remarkable business growth. As an active investment company, Saratoga actively tries to optimize every new business opportunity, so as to create new jobs and contribute to the growth of Indonesia’s economy, and the improvement and quality of life. With solid fundamentals and strategies that have been tested, Saratoga’s business future is very bright,” said Sandiaga.

Investment in 2015

Saratoga President Director Michael W.P. Soeryadjaya showed his appreciation of Sandiaga’s decisions and thanked and congratulated him on Saratoga’s robust performance under his leadership. Going forward, Saratoga will continue to strengthen its business by optimizing investment opportunities in the three main sectors, namely consumer, infrastructure and natural resources. With growing number of population, the middle class and purchasing power, business opportunities in Indonesia are indeed promising.

“Saratoga is set to enter the new era and will continue to strengthen its position as an active investment company and will keep creating optimal added values for stakeholders. With ever-stronger capital and more solid investment portfolios, we believe Saratoga will be able to optimize its future growth. We will continue to focus on prudent, disciplined and measured investment strategies to ensure optimized added value for shareholders and stakeholders,” said Michael.

Saratoga Finance Director Jerry Ngo added that as part of investment strategies this year, on 21 May 2015, Saratoga through its subsidiary PT Surya Nuansa Ceria (SNC), signed an operational agreement with PT Puncak Jaya Berlima to set up PT Agra Energi Indonesia, an early-stage oil and gas exploration company, with a 30% ownership stake worth USD7.5 million.

Funding in 2015

On 26 May 2015, Saratoga through its subsidiary Delta Investment Horizon Ltd (Delta) issued five-year bonds scheduled to mature in 2020. The bonds can be converted into shares or exchangable bonds (EB) with a coupon set at 3% (YTM 3.75%) with a nominal value of USD100 million.

The EB is exchangeble to PT Tower Bersama Infrastructure Tbk shares (stock code: TBIG) at a premium of 22.5%, which is equivalent to Rp 10,706.7 per share. The shares represent 2.6% of TBIG’s total fully paid shares outstanding. Saratoga is planning to use the funds generated from EB to finance its new investments, settle a portion of its debts and support the company’s operations.

“The issuance of the Exchangeable Bond (EB) is one of our strategies in diversifying our funding sources. We are the first Indonesian company that issued equity-based bonds since 2010. We are very proud and pleased that the EB issuance was such a success, which is a testament to investors’ confidence in Saratoga’s solid business model and track records. We believe with our conservative leverage and welll-executed funding strategy, Saratoga can continue its investment strategy actively to generate positive results,” said Jerry.

 – end –

About PT Saratoga Investama Sedaya Tbk.

Founded in 1998, PT Saratoga Investama Sedaya Tbk. (Saratoga) is a leading active investment company in Indonesia. Saratoga takes an active role in managing its investee companies as well as in exploring investment opportunities in Indonesia.

Saratoga focuses on investment opportunities in the early-stage as well as in the growth stage, and also in special conditions with emphasis on sectors that support Indonesian economic development, such as consumer, infrastructure, and natural resources.

Saratoga’s vision is to continue to be the major active investment company in Indonesia as well as the partner of choice for national and foreign investors, who wish to participate in the dynamic growth of the Indonesian economy.

For more information on PT Saratoga Investama Sedaya Tbk. please visit: www.saratoga-investama.com

For further information, please contact: