PT ANUGERAH BERKAH MADANI to issue 3,333,333,000 shares

JAKARTA, Aug 17, 2016 - (ACN Newswire) - PT ANUGERAH BERKAH MADANI (hereinafter ABMA Land or Company), an Indonesia's leading property and real estate developer, today announced that it will conduct a Public Expose in Jakarta. A contractor of eight high-profile property developments spread across a number of Indonesia's big cities such as Jakarta, Tangerang, Cilegon, Solo, Surabaya, and Makassar, ABMA Land owns and manages over 87,2 hectares of land banks.

With the aim to be a real estate company of integrity, ABMA Land is commited to give a significant value to all of its stakeholders, environment, and nation, supported by professional human resources, a sound financial structure, efficient operations, as well as customer satisfaction-oriented culture, and the employee welfare. PT Saligading Bersama (SGB) is the majority shareholder of ABMA Land.

SGB paved the way into the property industry back at 2004, with many successful developments such as Essence Darmawangsa Apartment, Hampton Park Pondok Indah, Suvarna Padi Tangerang, Taman Royal Residence, and Mal Jogjatronik. Its founders and the key management are the seasoned property and real estate practioners both in state-owned and private companies in Indonesia. In addition to the property business, SGB also involves in a number of commercial-oriented industries, such as hospitality, restaurant, aquaculture, manufacture, telco, and medical equipment.

ABMA Land has received the effectiveness statement from the Financial Services Authority of Indonesia (OJK) on Aug. 15, 2016 and the offering period will be held on Aug. 16-25 2016. The shares are estimated to be publicly traded on Indonesian Stock Exchange (BEI) on Sept. 15 2016.

ABMA Land, with the stock ticker of ABMA, plans to offer 3,333,330,000 new shares or approximately 25% (twenty five percent) of the overall ABMA Land's shares. ABMA Land assigned PT CIMB Securities, PT Mandiri Sekuritas, and PT RHB Securities Indonesia as the underwriters. The stock will be traded between Rp.800 - Rp.1,250 (US$0.06 - US$0.10) per share.

After being deducted by all of the public offering-related issuance costs, the fund raised of the IPO will be allocated to as below:

1. About 87.5% will be allocated to support the Company's business expansion plan consisting of:

1) About 75% of the fund will be provided to purchase a number of lots in the area of Greater Jakarta and/or Cilegon and/or Surabaya, in which the Company considers promising for the Company's or Company's entity's and/or the Association Entity's future business development. The purchase will be conducted through the direct purchase to the third parties, in which the pricing of the lots to be acquired by PT Bintang Express Sarana, PT Lumbung Usaha Sejahtera, and PT Cakrawala Sinar Mulia are currently in the negotiating phase.

2) Around 12,5% will be used to finance a number of ongoing developments of ABMA Land Groups, such as: Nifarro Park (Jakarta) by PT Sekar Artha Sentosa; Royal Betawi (Tangerang) by PT Cahaya Baru Raya Realty; Samala Park (Cilegon) by PT Lumbung Usaha Sejahtera; East CBD (Surabaya) by PT Cakrawala Sinar Mulia; Tanjung Layar Lagoon (Makassar) by PT Creative Softhouse; The Kahyangan (Solo Baru) by PT Propertindo Mulia Investama; North CBD (Jakarta) by PT Bintang Express Sarana; and The Simpruq Signature (Jakarta) by PT Trixindo Selaras.

2. About 12.5% will be allocated for the repayment of a number of Company's outstanding debts.

ABMA Land has designed its business development strategies: First, always prioritize the human resource development as one of the most important corporate assets, with the experienced key management leading the way; second, to handle the bigger scale development in the downtown area in order to acquire higher and sustainable added value; third, to aim the middle and upper-class in the big cities as they keep emerging overtime; fourth, to conduct two developments per year to maintain the growth rate; fifth, to choose the strategic and sunrise areas; and sixth, always embrace the regional and national macroeconomics that leads to the positive growth.

ABMA Land, within SGB business group, both directly or through its entities, owns and manages total of 87,2 hectares land banks spread across the islands of Java and Sulawesi, that consist of eight properties located in the premium areas. Our ongoing portofolio includes: Jakarta: Nifarro Park, Simpruq Signature andNorth CBD; Banten: Royal Betawi and Samala Park; Surabaya: East CBD; Solo Baru: The Kahyangan; and Makassar: Tanjung Layar Lagoon.

About ABMA Land

PT. Anugerah Berkah Madani, Tbk (IDX:ABMA), previously PT. Putra Indonesia Bersama (PIB), is a property development company focusing in mixed-use projects from low to high-rise buildings. ABMA aims to build properties that meet the needs of the growing middle to upper segments in several cities in Indonesia, as well as conserving the human and environmental health.

PIB itself was established in 2003. In order to raise its expansion, the company intends to pursue public offering of shares of its common stock and has altered its name to ABMA.

ABMA properties are located in Jakarta: Nifarro Park, Simpruq Signature and Cakung Park; Banten: Royal Betawi and Samala Park; Surabaya: New Mountain City; Solo Baru: The Kahyangan; and Makassar: Tanjung Bunga Lagoon.

ABMA is a subsidiary of holding company PT. Saligading Bersama (SGB), a diversified company formed in 2004 that engages mainly in property development, including city and landed development, hotels, IT, aquaculture, entertainment and the food industry.

For further info, please visit: www.abmaland.co.idCorporate Secretary

About PT ANUGERAH BERKAH MADANI