Jakarta, 23 October 2014 : Following our previous email memo dated 2nd October 2014, in regards to PT. Tunas Baru Lampung Tbk’s (TBLA or the Company) scheduled Extraordinary General Shareholders Meeting seeking for shareholders approval on Non-Preemptive Rights Issue. The said event will be conducted on Friday, 7th  November 2014, 2pm at Ikat Room, Four Season Hotel, Jl. HR Rasuna Said, Jakarta.


This morning, Thursday, 23rd October 2014, the Company has put forward the Non-Preemptive Rights Issue details to Otoritas Jasa Keuangan (OJK), which also published in the Bisnis Indonesia and Investor Daily newspapers. The proposed plan entails the issuance of 400,000,000 (four hundred million) of new shares at a price of Rp715/share, 6.7% premium from yesterday`s (22nd October 2014) closing price of Rp670/share. This will generate a total of Rp286billion in new equity.


As previously mentioned, the proceed will strengthen TBLA`s equity capital, thus keeping the Company’s gearing position at an acceptable level amidst current business expansion. This will ensure the Company’s balance sheet remains healthy and robust as we move forward.