Disclaimer

This presentation was prepared exclusively for the benefit and internal use of the Andromeda Investama client or potential client to whom it is directly addressed and delivered (including such client’s subsidiaries of the Company) and where the circumstances dictate to assist the Company in evaluating, on a preliminary basis, the feasibility of a possible transaction or transactions and does not carry any right of publication or disclosure, in whole or in part, to any other party. This presentation is for discussion purposes only and is incomplete without reference to, and should be viewed solely in conjunction with, the oral briefing provided by Andromeda Investama. Neither this presentation nor any of its contents may be disclosed or used for any other purpose without the prior written consent of  Andromeda Investama.

Where the circumstances dictate, the information in this presentation is based upon any management forecasts supplied to us and reflects prevailing conditions and our views as of this date, all of which are  accordingly subject to change. Andromeda Investama‘s opinions and estimates constitute Andromeda Investama judgement and should be regarded as indicative, preliminary and for illustrative purposes only. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all the information available from public sources or which was provided to us by or on behalf of the Company or  which was otherwise reviewed by us. Andromeda Investama makes no representations as to the actual value which may be received in connection with a transaction nor the legal, tax or accounting effects of consummating a  transaction. Unless expressly contemplated hereby, the information in this presentation does not take into account the effects of a possible transaction or transactions involving an actual or potential change of  control, which may have significant valuation and other effects.

This document is not for distribution into any jurisdiction where its distribution would be unlawful, and in particular not for distribution in or into the United States or to any national, resident or citizen of the United States where such distribution would be unlawful. The distribution of this document in other jurisdictions may be restricted by law and therefore persons into whose possession this document comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Andromeda Investama‘s policies prohibit employees from offering, directly or indirectly, a favourable research rating or specific price target, or offering to change a rating or price target, to a subject company as a consideration or inducement for the receipt of business or for compensation. Andromeda Investama also prohibits its research analysts from being compensated for involvement in investment banking transactions except to the extent that such  participation is intended to benefit investors.

This presentation does not constitute a commitment by Andromeda Investama or its affiliates to underwrite, subscribe for or place any securities or to extend or arrange credit to provide any other services.