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JV Agreement Ceremony 4th December 2012

Keppel T&T expands logistics footprint into Indonesia --- Singapore /Jakarta, 4 December 2012

New joint venture brings Keppel Logistics' winning formula for efficient and reliable logistics services into Indonesia.

Keppel Telecommunications & Transportation Ltd's (Keppel T&T) wholly-owned subsidiary, Keppel Logistics Pte Ltd (Keppel Logistics), has signed a joint venture agreement with PT Puninar Jaya (Puninar Logistics) to provide integrated logistics services for the consumer and retail goods sector in Indonesia.

The joint venture company (JV Co), PT Keppel Puninar Logistics, will be 49% owned by Keppel Logistics and 51% owned by Puninar Logistics.

Synergising Keppel Logistics' strengths in serving the fast moving consumer goods (FMCG) industry, modern logistics management expertise and IT infrastructure with Puninar Logistics' wide domestic distribution network and storage capabilities, the JV Co will provide customised and cost-effective integrated logistics services, with a focus on the growing FMCG, retail and healthcare sectors in Indonesia.

Puninar Logistics' comprehensive range of integrated logistics services are supported by 150,000 sm of indoor warehouse facilities, 150,000 sm of open yard storage space and a fleet of 800 vehicles.

The joint venture agreement signing ceremony was graced by His Excellency Mr Anil Kumar Nayar, Singapore's Ambassador to Indonesia; Dr Muhamad Chatib Basri, Chairman of Indonesia's Investment Coordinating Board (BKPM); Mr TP Rachmat, President Director of PT Triputra Investindo Arya; Mr Eddy Korompis, President Commissary of Puninar Logistics and Mr Teo Soon Hoe, Senior Executive Director of Keppel Corporation and Chairman of Keppel T&T. The agreement was signed between Mr Tjahjadi Lukiman, CEO of Puninar Logistics and Mr Pang Hee Hon, CEO of Keppel T&T.

Mr Pang said, "We are delighted that our first inroad into Indonesia is with Puninar Logistics, one of the largest and most reputable logistics players in Indonesia. This partnership will allow Keppel T&T to tap into the opportunities offered by the rapid growth of Indonesia and strengthen our Southeast Asian distribution network, thereby enabling us to better serve the needs of our customers in the region."

For the past five years since 2007, the Indonesian economy has posted healthy GDP growth rates above 6%, except for 2009, when it grew 4.5%. Indonesia's economic performance in the first half of 2012 has been positive, with a projected overall GDP growth rate of 6.1% in 2012 by the World Bank.

Mr Pang added, "Indonesia's economic growth has been supported by large domestic consumption and rising incomes, particularly in the middle-income segment. The rise in consumerism creates a growing demand for quality logistics services, especially in sectors such as retail and healthcare. As a leading integrated logistics solutions provider backed by 40 years of extensive experience, we look forward to leverage our capabilities to provide value-added solutions for our customers and partners through this joint venture."

The above mentioned joint venture agreement is not expected to have material impact on the net tangible assets or earnings per share of Keppel T&T for the current financial year.

- End-


Singapore /Jakarta, 4 December 2012



PUNINAR LOGISTICS MENJALIN KERJASAMA DENGAN KEPPEL LOGISTICS SEBAGAI MITRA PERTUMBUHAN BISNIS LOGISTIK TERINTEGRASI DI BIDANG PRODUK RITEL DAN PRODUK KESEHATAN

Dengan adanya bukti nyata perkembangan bisnis logistik yang semakin pesat di Indonesia saat ini, didukung dengan pertumbuhan ekonomi nasional yang diprediksi terjadi sebesar 6% per tahun, maka Puninar Logistics sebagai salah satu perusahaan dibawah naungan Triputra Group telah menunjuk jalinan kerjasama dengan mitra internasional ternama, Keppel Logistics dari Singapura, sebagai mitra selaras yang akan mendukung rencana pertumbuhan prima Puninar Logistics. Sebagai realisasi rencana tersebut, Puninar Logistics dan Keppel Logistics telah melakukan penandatanganan kontrak kerjasama yang diselenggarakan pada tanggal 4 Desember 2012 di Hotel Four Seasons Jakarta.

Pada kesempatan tersebut, penandatanganan dilakukan oleh Tjahjadi Lukiman selaku CEO Puninar Logistics dan Pang Hee Hon selaku CEO Keppel T&T disaksikan langsung oleh Mr. Anil Kumar Nayar selaku ambassador Singapura untuk Indonesia, dan Dr. Muhamad Chatib Basri selaku Ketua BKPM. Perusahaan joint venture yang baru dibentuk, Keppel Puninar Logistics, akan berfokus pada sektor produk ritel dan produk kesehatan dengan layanan lengkap terintegrasi meliputi kepengurusan bea cukai, transportasi, pergudangan, serta manajemen nilai tambah lainnya.

Tjahjadi Lukiman menjelaskan bahwa "Visi kami adalah memperkuat posisi kompetisi kami di pasar domestik, dengan menjadi leading player di Indonesia dan kawasan asia, dengan selalu mempertahankan dan terus mengembangkan nilai tambah pada layanan kami, disertai fokus pada kerjasama yang strategis, demi pencapaian peningkatan kemampuan daya guna, nilai tambah, dan komitmen."

Kedua perusahaan mempertegas bahwa jalinan kerjasama ini akan memperkuat posisi target fundamental yang telah direncanakan bersama demi pengembangan layanan pasar logistik di Indonesia dan asia. Disela kesempatan, Tjahjadi Lukiman juga menambahkan bahwa "Disaat kondisi ekonomi Indonesia yang sedang bertumbuh [Red: diperkirakan 6% per tahun] seperti saat ini, Puninar Group meyakini peningkatan kualitas layanan dan jaringan usaha yang luas adalah faktor kunci sukses yang harus terus dikembangkan dan diselaraskan dengan kebutuhan pelanggan yang semakin beragam."

Puninar Logistics meyakini bahwa dukungan sepenuhnya dari setiap instansi terkait akan memperkuat kerjasama ini untuk dapat mewujudkan citra pertumbuhan logistik yang lebih maju di Indonesia.