Acquisition of 95% equity stake in PT. Alam Karya Sejahtera (“PT AKS”) by PT. Sekarbumi Alamlestari, thus making PT AKS a subsidiary of KLK.

PT AKS holds Certificates of Izin Lokasi for approximately 5,900 hectares located in Kecamatan Membalong and Kecamatan Dendang, Belitung, Republic of Indonesia which it intends to develop into oil palm plantations.