Saratoga’s New Investment in Logistics

On 7 January 2016, PT Saratoga Investama Sedaya Tbk (“Saratoga”) agreed to invest into 5.63% stake in PT Mulia Bosco Logistik (“MBL”) through the subscription of new shares of the company.

After the completion of the transaction and other corporate actions conducted by MBL, MBL will further acquire PT Bonecom Servicetama Compindo (“Bosco”) as the majority shareholder and increase capital in PT Mulia Gunung Mas (“MGM”). Through MGM and Bosco, MBL provides a refrigerated trucking service serving blue-chip clients in the FMCG industry based in Surabaya and Jakarta connecting over 20 cities in Java, Bali and Sumatra, and operates cold storage facilities located in North Jakarta.

This transaction gives an excellent opportunity for Saratoga to build a platform in the high-growth cold chain logistic sector, an interesting sector which aligns with the increasing demand of vital logistics infrastructure in the country. The joint venture of MGM and Bosco provides valuable scale to support its business growth as well as deliver end-to-end cold chain logistics benefits for its clients.

As an active investment company, Saratoga continues to explore investment opportunities in the three key drivers of Indonesia’s economy: Infrastructure, Consumers Products and Services and Natural Resources. This transaction is intended as part of Saratoga’s effort in strengthening its investment portfolio.

The IDX announcement of the above transaction can be viewed at:

http://www.idx.co.id/StaticData/NewsAndAnnouncement/ANNOUNCEMENTSTOCK/From_EREP/201601/dd8b1fe70a_c9869a7fef.pdf