AKR Coal invests in PT Jabal Nor – Integrated coal infrastructure project

FOR IMMEDIATE RELEASE

PT Anugrah Karya Raya, (AKR Coal ) subsidiary of PT AKR Corporindo Tbk., (AKRA), entered into an agreement with the existing shareholders of PT Jabal Nor, a company in Tapin, South Kalimantan to acquire shares in a Coal river Port and Road project.

AKR Coal acquired shareholding in PT Jabal Nor of 48,575 shares, (33.50% of the share capital) with par value of Rp. 24,287,500,000.