IPO : Media Nusantara Citra (update) 

  a.. Business activity : integrated media company
  b.. Offered shares : 4.125b (30% from outstanding shares), consist of 1.375b 
from Global Mediacom divestment (10% from outstanding shares), remaining of 
2.75b from new shares (20% from outstanding shares)
  c.. Offer price : Rp 900
  d.. The proceeds will be used 11% for capex, 13% to retire RCTI's Rupiah 
bond, and 76% for working capital.
  e.. Lead underwriters are Danareksa Sekuritas and Bhakti Securities 
(affiliated).
  f.. Effective Date : 13 June 2007
  g.. Offer Period : 15, 18, 19 June 2007
  h.. Listing Date : 22 June 2007
 

Rgds,

Ade HW


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