Reference is made to the announcements made by PT Chandra Asri Petrochemical Tbk on May 3, 2021, May 17, 2021 and May 20, 2021 in relation to the invitation by the company to holders of the Notes (the "Noteholders") to submit tenders to the company to purchase their Notes for cash (the "Tender Offer") on the terms and subject to the conditions contained in the Tender Offer Memorandum dated May 3, 2021 (the "Original Tender Offer Memorandum") and the Supplemental Tender Offer Memorandum dated May 17, 2021 (the "Supplemental Tender Offer Memorandum", and together with the Original Tender Offer Memorandum, the "Tender Offer Memorandum"). Capitalized terms used in this announcement have the meanings ascribed to them in the Announcements and the Tender Offer Memorandum, unless the context requires otherwise. The company announced that as at 5:00 p.m. (New York City time) on May 28, 2021 (the "Expiration Deadline"), USD 900,000 in aggregate principal amount of the Notes have been validly tendered and not validly withdrawn pursuant to the Tender Offer after the Early Tender Deadline and at or prior to the Expiration Deadline. The aggregate principal amount of Notes validly tendered and accepted in the Tender Offer is USD 33,450,000, which represents approximately 12.5% of the principal amount of Notes that was outstanding as of the commencement of the Tender Offer. The company will accept for purchase all of the Notes that have been validly tendered and not validly withdrawn after the Early Tender Deadline and at or prior to the Expiration Deadline (the "Final Accepted Notes"), and will pay the Tender Offer Consideration and the Accrued Interest Payment for the Final Accepted Notes on June 3, 2021 (the "Final Payment Date"), subject to the terms and conditions described in the Tender Offer Memorandum. The Final Accepted Notes repurchased by the company pursuant to the Tender Offer will be promptly cancelled on the Final Payment Date and will not be resold. Following the cancellation of the Final Accepted Notes, the aggregate principal amount of Notes that will remain outstanding is USD 234,330,000.
PT Chandra Asri Pacific Tbk, formerly PT Chandra Asri Petrochemical Tbk, is an Indonesia-based chemical and infrastructure solutions company, operating an integrated petrochemical plant. Its segment includes Olefins (Ethylene, Propylene, Pyrolysis Gasoline, Mixed C4 and naptha), Polyolefins (Polyethylene and Polypropylene), Styrene Monomer, Methyl Tert-butyl Ether (MTBE) and Butene-1 (B1), Butadiene, Tanks and Jetty Rental, and Sales of electricity and other electrical services (Electricity). Its Olefins products and by-products (Py-Gas, Mixed C4 and PFO) are produced from the Naphtha Cracker plant. It distributes Ethylene, Propylene by pipeline to its customers and ships Py-Gas and PFO to its customers. Its Polyolefins offers Polyethylene resin under the Asrene brand, which covers high-density polyethylene (HDPE) and Linear low-density polyethylene (LLDPE) products. Polypropylene resin is sold under the trademark brand Trilene, which includes Homopolymer, Random Copolymer and others.
PT CHANDRA ASRI PACIFIC TBK 
