BUDI ACID JAYA’S NET PROFIT ROCKETED 123%

Jakarta, 31 October 2008 – PT Budi Acid Jaya Tbk (BAJ), a producer of tapioca starch and its derivatives with cassava as its main ingredients, recorded an increase of 123% in net profit for the period of 9 months ended September 2008 compared to the same period in 2007 i.e. from IDR 31 billion in 2007 to IDR 70 billion in 2008.

Sales up to September 2008 also increased by 30% from IDR 934 billion in 2007 to IDR 1.22 trillion in 2008.

The rise in sales is particularly contributed by the increase in sales of tapioca starch, glucose & fructose and citric acid, both in volume and selling price. Tapioca strach accounted for 66% of total consolidated sales, followed by glucose and fructose 21% and citric acid 9%.

To support the needs of cassava roots as the feed stocks for tapioca starch, BAJ is working on 20.000 ha of land in Lampung, together with the farmers by utilising the idle land.

With reference to Bapepam-LK regulation No. XI.B.3 Attachment No. Kep-401/BL/2008 regarding the Buy Back of Publicly Listed Company’s Shares in the Potentially Crisis Market Condition, hence BAJ has allocated the fund of maximum IDR 70 billion for Buy Back during the period of 3 (three) months from 20 October 2008 to 19 January 2009.