Announcement of the Results of the Annual General Meeting of Shareholders and Extraordinary General Meeting of Shareholders

 FOR IMMEDIATE RELEASE

Announcement of the Results of the Annual General Meeting of Shareholders and Extraordinary General Meeting of Shareholders

JAKARTA, May 10, 2011 – We hereby announce that PT AKR Corporindo Tbk’s (“AKRA”) Annual General Meeting of Shareholders (“AGM”) and Extraordinary General Meeting of Shareholders (“EGM”) today was successfully with 82.5% quorum and has resolved:

I.          Annual General Meeting of Shareholders (AGM):

1.     (a) To approve and accept the Company’s Annual Report including the Board of Commissioners Supervisory Duty Report for the fiscal year 2010.

(b) To approve the Company’s Financial Statements for the fiscal year 2010, which was audited by the Public Accountant Office “PURWANTONO, SUHERMAN & SURJA”, a member firm of Ernst & Young Global Limited and to give full release and discharge to the members of the Company’s Board of Directors and the members of the Company’s Board of Commissioners from any liabilities and fully ratify all actions taken in the course of their management and supervision of the Company during the fiscal year 2010, to the extent such actions are reflected in the books of the Company

2.                To approve the decision for the Company to pay a final dividend for the fiscal year 2010 of Rp 2 per share to shareholders on record as of June 6, 2011. An interim dividend for 2010 of Rp 30 per share was previously paid on December 9, 2010, bringing the aggregate dividend for 2010 to Rp 32 per share or representing 39.3% payout ratio.

3.             To approve the reappointment of the Public Accountant Office “PURWANTONO, SUHERMAN & SURJA”, a member firm of Ernst & Young Global Limited, to audit the Company’s Financial Statements for the fiscal year 2011 and the delegation of authority to the Company’s Board of Directors to determine the amount of honorarium of the Public Accountant.

II.      Extraordinary General Meeting of Shareholders (EGM):

1.               To approve the amendment of the 2007 MSOP Program and the issuance of the 2011 MSOP Program as described in the Information Disclosure advertised in Investor Daily newspaper on April 25, 2011.

2.             To approve the establishment of 2011 MSOP Program Committee which members include Independent Commissioner, President Commissioner, Board of Directors, and People Development.

3.              To approve the delegation of authority to the Company’s Board of Commissioners to increase the Company’s issued / paid up capital in association with the implementation of MSOP Program.

We would like thanks to the shareholders for approving all management’s proposal.