This document provides an overview of Indonesia's cement industry, SMGR's role within it, and the future outlook. Key points: - Indonesia's cement industry produced over 71 million tons in 2013 and has an annual growth rate of 5-6%. Several new plants are planned through 2017 bringing additional capacity. - SMGR is the largest cement producer in Indonesia, with a market share of 44% in 2013. It has a total installed capacity of 30 million tons across several subsidiaries. - Cement demand is driven by national economic growth, infrastructure expansion, and increasing per capita consumption. The residential sector accounts for most consumption currently.

1. Together We Build a Better Future
0

2. INDONESIA’S CEMENT INDUSTRY: NOW and THE FUTURE
SMGR Corporate Presentation
MAY 2014

3. Singapore
Kuala
Lumpur
SMGR
2
1
3
4
5
1
1
6
7
CEMENT INDUSTRY AT A GLANCE
2
1. SEMEN INDONESIA 29.5 mn ton
- Semen Padang : 7.3 mn ton
- Semen Gresik : 14.4 mn ton
- Semen Tonasa : 7.8 mn ton
2. Semen Andalas 2) 1.6 mn ton
3. Semen Baturaja 1.3 mn ton
4. Indocement TP 20.5 mn ton
5. Holcim Indonesia 12.1 mn ton
6. Semen Bosowa 6.0 mn ton
7. Semen Kupang 0.5 mn ton
TOTAL 71.5 mn ton
• Design Capacity : 68.0 mio tons 71.5 mio tons 82.2 mio tons
• Production Capacity : 55.2 mio tons 60.0 mio tons 69.8 mio tons
• Domestic Growth : 5.5% 6.0% 6.0%
• Domestic Utilization : 100% 100% 94%
•Supply
 Domestic : 58.0 mio tons 61.0 mio tons 65.8 mio tons
 Export : 0.5 mio tons 0.5 mio tons 0.5 mio tons
 Import : 3.3 mio tons2) 3.0 mio tons 3) 3.0 mio tons3)
1) Based on the Company’s forecast
2) Imported cement by PT Semen Andalas (1.0 mio ton) and clinker by Bosawa and Kupang
3) Imported cement & clinker
DOMESTIC CAPACITY (2014)
CEMENT INDUSTRY 2013 2014F 1) 2015F 1)

4. No
Company
Targeted Plant Location
Declared Capacity
(mn tons)
Prognose Design Capacity (mn tons)
Investment
(US$ mn)
Remarks + Local Partner
1
Siam Cement (Thailand)
Sukabumi, West Java
1.8
1.8
360
Greenfield
2
CNBM (China)
Central Java
2.4
0
350
Greenfield, Semen Grobogan
3
Semen Merah Putih
Bayah, Lebak, Banten
11.5
3.0
600
Greenfield (PT Cemindo Gemilg)
4
Anhui Conch Cement
- Tanjung
- Tanah Grogot
- Pontianak
- West Papua
Various
- South Kalimantan
- East Kalimantan
- West Kalimantan
- West Papua
13.7
3.8
3.8
3.8
2.4
3.0
2,350
400
600
600
750
Greenfield
Greenfield
Greenfield
Greenfield
Greenfield
5
Ultratech
Wonogiri, Centr Java
4.5
0
827
Greenfield
6
Semen Puger
East Java
0.6
0
n.a
Upgrading
7
Semen Barru
Barru, South Sulawesi
3.3
0
470
Greenfield (Fajar Group)
8
Semen Panasia
Ajibarang, Central Java
2.0
1.5
240
Greenfield
9
Jui Shin Indonesia
Karawang, West Java
1.5
1.5
n.a
Greenfield
T O T A L
40.3
10.8
4,470
New Cement Capacity from Existing Players (2013 – 2017)
No
Company
Targeted Plant Location
Declared Capacity
(mn tons)
Prognose Design Capacity (mn tons)
Investment
(US$ mn)
Remarks
1
Semen Indonesia
Java, Sumatera, Sulawesi
11.5
9.0
970
Upgrading + green/brownfield
2
Indocement
Java, Kalimantan
8.8
6.3
1,560 (E)
Cement Mill + brown/greenfield
3
Holcim
East Java
3.8
3.4
680 (E)
Brown/Greenfield
4
Bosowa
Java, Sulawesi
7.9
3.4
620
Cement Mill + Brownfield
5
Semen Andalas
Sumatera
1.6
0
300
Greenfield
6
Semen Baturaja
Sumatera
2.6
1.5
325
Greenfield/Brownfield
T O T A L
36.2
23.6
4,130
ADDITIONAL INSTALLED CAPACITY IN THE NEXT 5 YEARS

5. Source: Deutsche, Indonesia Cement Association
229
kg
0
200
400
600
800
1.000
1.200
1.400
1.600
1.800
China
Singapore
Malaysia
Vietnam
Thailand
Indonesia
Philippines
India
kg/capita
COMPARISON: CEMENT CONSUMPTION PER CAPITA 2013

6. Retail (residential) sector is the largest consumer of cement in Indonesia
Bag 79%
Bulk
21%
Key Drivers of Domestic cement demand:
•National Economic Growth
•Favorable Interest Rate Environment
•Infrastructure Expansion
•Per Capita Consumption increase from current low levels
•Ready-mix (infrastructure): ± 60%
•Fabricator (pre-cast, fiber cement, cement based industry): ± 35%
•Projects (mortar, render): ± 5%
•Housing: ± 90%
•Cement based industry: ± 10%
±
±
Source: Internal Research
DOMESTIC MARKET CONSUMPTION (2013)

7. INDONESIA’S ECONOMY AND DOMESTIC CEMENT CONSUMPTION GROWTH
Source: Indonesian Cement Association & BPS Statistic
Growth
:
1.1%
Growth
:
9.7%
Growth
:
4.2%
Growth
:
1.8%
Growth
:
6.6%
Growth
:
5.8%
Growth
:
19.4%
Domestic consumption (LHS) GDP growth % (RHS)
(mio tons)
40,8
48,0
54,9
58,0
14,0
39,1
27,2 27,5
30,2
31,5 32,1
34,2
38,1
6,10% 6,00%
5,70%
6,80%
5,6%
4,7%
5,1%
5,4%
4,4%
6.3%
6.1%
4.60%
6,50%
3.5%
5,5%
14,5%
6.0%
11.5%
4.2%
9.7%
2.5%
6.6%
1.1% 1.8%
5.8%
17.7%
0,0
10,0
20,0
30,0
40,0
50,0
60,0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 3M2014
0,0%
10,0%
20,0%
Cement growth % (RHS)

8. Bag and Bulk cement consumption (million tons)
Source: Indonesia Cement Association and the Company’s data
ARISING INFRASTRUCTURE EXPANSION TREND
0
5
10
15
20
25
30
35
40
45
1997
1999
2001
2003
2005
2007
2009
2011
2013
21,0
18,1
16,9
20,0
22,7
23,7
23,7
25,2
25,5
26,9
28,2
32,2
32,8
34,2
39,2
44,1
45,7
6,5
1,0
1,9
2,3
3,0
3,5
3,8
5,0
6,0
5,1
6,0
5,9
6,2
6,6
8,8
10,8
12,2
Bagged Cement
Bulk Cement

9. DOMESTIC MARKET UPDATE
SMGR Corporate Presentation
MAY 2014

10. MARKET BY GEOGRAPHY
Papua
Bali & N T
Sulawesi
Kalimantan
Population Distribution (2013)
Sumatera
21.3% Java
57.5.%
8.4%
5.8%
5.5% 1.5%
REGION
MARKET SHARE (%)
SMGR INTP SMCB BSWA ANDLS BTRJA KPG
1. JAVA 41,2% 38.0 18.4 2.0 - - -
2. SUMATERA 42,7% 13.6 13.6 3.0 17.0 10.0 -
3. KALIMANTAN 48,8% 30.9 11.9 9.0 - - -
4. SULAWESI 62,2% 15.1 1.0 21.0 - - -
5. NUSA TENGGR. 40,2% 35.1 3.7 16.4 - - 5.0
6. EASTERN IND. 54,7% 19.5 0.6 24.0 - -
TOTAL
INDONESIA
43,9% 29.9 14.3 5.8 3.5 2.2 0.3



SG
SP
ST
1
2
4 3
5
6
21.1%
8.0
7.3%
6.2 2.3%
Java
55.0%
Sumatera
Cement Distribution (4M2014)
Domestic Market Share (4M2014)

11. MARKET UPDATE - Cement Consumption 3M2014
*) Source: Indonesia Cement Association, un-audited figures
AREA
3M 2014
3M 2013
CHANGE (%)
Jakarta
1,332,130
1,277,629
4.3
Banten
720,425
815,965
(11.7)
West Java
2,151,859
1,916,588
12.3
Central Java
1,455,072
1,489,557
(2.3)
Yogyakarta
225,077
215,851
3.8
East Java
1,857,414
1,704,252
9.0
Total Java
7,740,977
7,419,842
4.3
Sumatera
2,974,672
2,933,155
1.4
Kalimantan
1,125,635
1,081,493
4.1
Sulawesi
1,031,516
936,063
10.2
Nusa Tenggara
878,305
846,884
3.7
Maluku & Papua
324,938
358,583
(9.4)
TOTAL INDONESIA
14,076,043
13,576,020
3.7
Export Cement
14,955
36,150
(58.6)
Export Clinker
-
-
-
Total Export
14,955
36,150
(58.6)
GRAND TOTAL
14.090,998
13,612,170
3.5
4M 2014 – Domestic Consumption (mio tons)
DESCRIPTION
3M-14
3M-13
CHANGE (%)
DOMESTIC
6,163,140
5,952,091
3.5
Semen Indonesia
3,291,334
3,086,244
6.6
Semen Padang
1,610,926
1,675,494
(3.9)
Semen Tonasa
1,260,880
1,190,353
5.9
EXPORT
14,955
27,350
(45.3)
GRAND TOTAL
6,178,095
5,979,441
3.3
Industry Sales Type (mio tons)
1Q-14
2M-13
YoY Change
Bag
11.1 (79.3%)
10.8 (79.9%)
3.0%
Bulk
2.9 (20.7%)
2.7 (20.1%)
6.9%
4M 2014 - SMGR Sales Volume (million tons)
SMGR Sales Type (mio tons)
1Q-14
1Q-13
YoY Change
Bag
4.7 (76.2%)
4.6 (78.3%)
0.7%
Bulk
1.4 (23.8%)
1.3 (21.7%)
13.7%

12. COMPANY PROFILE
SMGR Corporate Presentation
MAY 2014

13.  1957 : Inauguration of Gresik I, installed capacity of 250,000 ton cement per annum
 1991 : Initial Public Offering, Market Cap.: IDR0.63tn, resulting shareholding structure post IPO:
● Government of Republic of Indonesia: 73%
● Public: 27%
 1995 : Acquisition of PT Semen Padang (Persero) and PT Semen Tonasa (Persero)
 1998 : Cemex became a strategic partner, Market Cap.: IDR4.9tn
 2006 : Blue Valley Holdings bought Cemex’s 24.9% stake in SMGR, Market Cap.: IDR21.5tn
 2010 : In March 31, Blue Valley Holdings sold all of its stake ownership in SMGR, Market Cap per April 30, 2010: IDR72.1tn
 2011 : Total installed capacity of 20.00mm tons, Market Cap per June 29, 2012: IDR67.0tn
 2012 : Acquisition of Thang Long Cement Vietnam, Total installed capacity of 2.3mm tons, Market Cap Dec 19th, 2012: IDR91.9tn
BRIEF HISTORY
0,0
5,0
10,0
15,0
20,0
25,0
30,0
1957
-
1970
-
1980
-
1984
1985
1986
-
1990
-
1995
1997
1998
-
2006
2007
2008
2009
2010
2011
2012
2013
SMGR CAPACITY BUILD-OUT (Mio TONS)
Pre-consolidated capacity
Post-consolidated capacity
_ _ _ _ _ _
SMGR IS THE #1 CEMENT COMPANY IN INDONESIA
• Total Installed capacity: 30 million
tons (2013) including TLCC;
• Market share of Semen Indonesia in
2013 was 44% based on sales volume
• 2013 Revenues amounted to IDR 19.6
trillion (equivalent to EUR 1.2 billion),
with EBITDA margin of 35%

14. Public
The Government of the Republic of Indonesia
PT Semen Indonesia (Persero) Tbk.
PT Semen Padang
PT Semen Tonasa
OWNERSHIP STRUCTURE1
¹ As of Jan, 2014
51.01%
48.99%
99.99%
99.99%
Name Activities % Ownership
1.Igasar Cement distribution & Trading 12.00%
2.Sepatim B General trading, cement packaging 85.00%
3.Bima SA General trading, cement packaging 80.00%
4.SUPS Cement Packaging 10.00%
Name Activities % Ownership
1.UTSG Limestone & Clay Mining 55.00%
2.IKSG Cement Packaging 60.00%
3.KIG Industrial Estate 65.00%
4.Swadaya Gra Steel fabrication, contractor 25.00%
5.Varia Usaha Transport and general trading 24.90%
6.Eternit Gresik Building materials 17.60%
7.SGG Prima Coal Trading Coal 99.99%
8.SGG Prima Beton Ready Mix Concrete 99.99%
Thang Long Cement, VN
70.00%
Name Activities % Ownership
1.UTSG Limestone & Clay Mining 55.00%
2.IKSG Packaging Paper 60.00%
3.KIG Industrial Estate 65.00%
4.Swadaya Graha Contractor & Machine Fabricator 25.00%
5.Varia Usaha Transport and general trading 24.90%
6.Eternit Gresik Building materials 17.60%
7.SGG Energy Prima Coal Mining and Trading 97.00%
8.SGG Prima Beton Ready Mix Concrete 99.99%
FOCUS IN CORE BUSINESS
PT Semen Gresik

15. REGIONAL CEMENT PLAYERS
SMGR Corporate Presentation
MAY 2014

16. Integrated Cement Plant
4 location
Kiln
13 Unit
Cement Mill
22 Unit
Grinding Plant
2 location
Cement Mill
4 Unit
Warehouse
30 location
Packing Plant
22 location
Sea Port
11 location
Kiln
1 unit
Cement Mill
1 unit
Kiln
4 unit
Cement Mill
6 unit
Kiln
4 unit
Cement Mill
9 unit
Grinding Plant
1 unit Cement Mill
Kiln
4 unit
Cement Mill
6 unit
Grinding Plant
3 unit Cement Mill
Competitiveness of Semen Indonesia

17. Kiln
1 unit
Cement Mill
1 unit
Kiln
4 unit
Cement Mill
9 unit
Grinding Plant
1 unit Cement Mill
Kiln
4 unit
Cement Mill
6 unit
Grinding Plant
3 unit Cement Mill
NEW TARGET
Kiln
4 unit
Cement Mill
6 unit
STRATEGIC POSITION IN THE REGION

18. FINANCIAL UPDATE
SMGR Corporate Presentation
MAY 2014

19. EBITDA (Rp billion)
NET INCOME (Rp billion)
EBITDA Margin (%)
FY07 FY08 FY09 FY10 FY11 FY12 FY13
29.7 31.7 33.2 34.6 33.0 35.0 33.1
NET INCOME Margin (%)
FY07 FY08 FY09 FY10 FY11 FY12 FY13
18.5 20.7 23.1 25.3 24.0 24.7 21.9
4847
3,925
3,633
3,326
2,524
1,775
0
1.000
2.000
3.000
4.000
5.000
2007 2008 2009 2010 2011 2012 2013
6.869
2,849
3,867
4,773 4,970
5,402
0
1.000
2.000
3.000
4.000
5.000
6.000
7.000
2007 2008 2009 2010 2011 2012 2013
FINANCIAL SUMMARY: FY2013 RESULTS
8.099
5.370
Description
(Rp bn)
3M-2013 3M-2014
Change
(%)
Revenue 5,544 6,178 11.4
Cost of Revenue 3,059 3,503 14.5
Gross Profit 2,485 2,675 7.7
Operating Expenses 879 1.021 16.0
Operating Income 1.605 1.655 3.1
EBITDA a) 1,862 1,953 4.9
Profit attributable to equity holders
of parent entity (Net Income)
1,236 1,303 5.4
EPS (full amount) 280 220 5.4
Ratio (%) Formula 3M-2013 3M-2014
Ebitda Margin Ebitda / Revenue 33.59 31.61
Interest Coverage (x) Ebitda / Interest Expense 24.65 24.50
Cost Ratio (COGS+Opex) / Revenue 71.16 73.47
Total Debt to Equity b) Total Debt / Total Equity 18.72 18.61
Total Debt to Asset b) Total Debt / Total Asset 13.26 11.96

20. Cash balance (IDR bn) Total debt (IDR bn)
4.719
3.905 4.213 3.846 3.682 3.317
5.283
2008 2009 2010 2011 2012 2013 1Q2014
3.850 4.083 3.838
251 199
686
1.871
2008 2009 2010 2011 2012 2013 1Q2014
* Include short term investment
Debt/EBITDA Return on Assets
0,50x
0,06x
2,00x
0,35x
0,04x
0,14x
0.56x
2008 2009 2010 2011 2012 2013
The projected adjusted debt/EBITDA of 2.0x to
maintain rating level from Moody’s Investors
Service.
18,2% 17,4%
24,0%
25,8%
23,5%
20,1%
2008 2009 2010 2011 2012 2013
STRONG BALANCE SHEET AND RETURNS

21. 50% 50% 55% 50% 45% 45%
50%
2007 2008 2009 2010 2011 2012 2013
Average: 50%
SMGR DIVIDEND PAY OUT RATIO IN THE LAST 7 YEARS
REGULAR DIVIDENDS
Key determinants of
dividend policy:
•Historical dividend payout
trends
•Comparison with peers
•Projected cash-flows
available for dividends
(after taking into account
potential expansionary
capex etc)
•Analyst and investor
expectations
REGULAR DIVIDEND PAYMENTS WITH ATTRACTIVE YIELD
887,7
1.261,7
1.829,5 1.816,7
1.962,7
2.181,3
2.416,6
0
500
1000
1500
2000
2500
3000
2007 2008 2009 2010 2011 2012 2013
Total Dividend Payout
Total
Dividend
(IDR billion)

22. COGM / Ton*
1Q-2013(Rp)
1Q-2014 (Rp)
CHANGE (%)
Raw & Supporting Material
28,786
30,675
6.6%
Fuel
111,032
121,821
9.7%
Electricity
69,931
76,794
9.8%
Direct Labor
47,997
49,610
3.4%
Maintenance
39,032
48,392
24.0%
Depletion, Depreciation & Amortization
38,036
41,279
8.5%
GA, Tax & Insurance
15,281
18,405
20.4%
COGM
350,094
386,976
10.5%
COGS / Ton**
1Q-2013 (Rp)
1Q-2014 (Rp)
CHANGE (%)
COGM
350,094
386,976
10.5%
Packaging
33,976
37,668
10.9%
Transportation
73,012
87,380
19.7%
Other
24,039
8,759
(63.6%)
COGS
481,121
520,784
8.2%
COGM & COGS BREAKDOWN (1Q-2014)
*) Divided by cement production exclude commercial volume for production
**) Divided by sales volume exclude commercial volume for sales

23. STRATEGIC PROJECTS
SMGR Corporate Presentation
MAY 2014

24. SMGR LONG TERM STRATEGIC FOCUS
THE OVERALL
STRATEGY
COMBINES
6 CRITICAL
ELEMENTS
1. Undertake Capacity Growth
2. Manage Energy Security
3. Enhance Company Image
4. Move Closer To The Customer
5. Enable Corporate Growth
6. Manage Key Risks
SMIG

25. CEMENT PLANTS PROJECTS
Tuban’s view
Pyroprocessing Tonasa V
Jetty Extension Area
Tuban
Tonasa
Tonasa
ESP Power Plant
These strategic projects will ensure sustainability of the Company’s market leadership
Preheater Tuban IV
Raw Mill Dept. Tonasa V
New Plants Location
Capacity (mn tons)
Investment (US$ mn)
Construction
Start
Completed
Indarung VI-SumBar
3.0
352
2013
Q4-2015
Rembang-Java 2
3.0
403
2013
Q2-2016
TOTAL CAPEX
6.0
755

26. INSTALLED CAPACITY (Mio Ton) 17,118191920,225,33031,833,339,340,820072008200920102011201220132014F2015F2016F2017FInstalled Capacity

27. UP GRADING CAPACITY PLAN
Year
Plant
Design Capacity
(mio tons)
Est. Time Operation
Location
2013
New Cement Mill
1.5
Q3
Tuban
2014
New Cement Mill
0.9
Q3
Dumai
Cement Mill
0.4
Q2
Gresik Plant B
2015
New Cement Mill
1.5
Q3
Tonasa
2015
New Cement Plant
3.0
Q4
Indarung
2016
New Cement Plant
3.0
Q2
Rembang
2017
New Cement Plant
-
-
Domestic Area

28. CONCLUSION: WHY SMGR?
SMGR Corporate Presentation
MAY 2014

29. Outstanding performance
Experienced management team
Conservative capital structure and financial policies
Robust cash flow generation
Outstanding business performance
Favorable industry outlook
Outstanding business performance
–Leading cement player in Indonesia with over 43.8% market share based on sales volume for 10M-2013 and approximately 41% share of total installed cement capacity (Source: Indonesia Cement Association (“ASI”))
–Strategically plants location is close to key markets throughout the country
–As of Dec 2012, acquired Thang Long Cement Company, Vietnam by 70% share with installed capacity 2.3 mio tons per annum
–Substantial growth opportunities through expansion and optimization
–Superior distribution network and strong brands recognition
–Long-term access to raw materials for cement production and coal for fuel consumption
–Concerns on environmental and Corporate Social Responsibility programs to ensure sustainable growth.
Favourable industry outlook
–Cement consumption pretty much in-line with Indonesian economic growth
–Real estate and infrastructure projects and declining interest rates key demand drivers
–High barriers to entry (plant, distribution and brand investment costs)
–Disciplined investment on supply side
Robust cash flow generation
–Historically strong revenue, margin and price trends
–High plant utilization and strong focus on cost and revenue management
Conservative capital structure and financial policies
–[Investment grade-like credit metrics]
–Conservative capital structure policy; low use of leverage
–Access to capital markets for expansion initiatives
Experienced management team
–Experienced and successful management team
Strengths of SMGR
SMGR’s COMPARATIVE & COMPETITIVE ADVANTAGE DRIVES SMGR TO BE THE MARKET LEADER IN INDONESIA

30. Gresik Office: Semen Indonesia Tower Jln. Veteran Gresik 61122 – Indonesia Phone: (62-31) 3981731 -2, 3981745 Fax: (62-31) 3983209, 3972264
Jakarta Office: The East Building, 18th Floor, Jln. DR. Ide Anak Agung Gde Agung Kav. E3.2 No.1, Mega Kuningan, Jakarta 12950 – Indonesia Phone : (62-21) 5261174 – 5 Fax : (62-21) 5261176
www.semenindonesia.com
IMPORTANT NOTICE
THIS PRESENTATION IS NOT AND DOES NOT CONSTITUTE OR FORM PART OF, AND IS NOT MADE IN CONNECTION WITH, ANY OFFER FOR SALE OR SUBSCRIPTION OF OR SOLICITATION, RECOMMENDATION OR INVITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR ANY SECURITIES NOR SHALL IT OR ANY PART OF IT FORM THE BASIS OF OR BE RELIED ON IN CONNECTION WITH ANY CONTRACT, COMMITMENT OR INVESTMENT DECISION WHATSOEVER.
THE SLIDES USED IN THIS PRESENTATION ARE STRICTLY CONFIDENTIAL AND HAVE BEEN PREPARED AS A SUPPORT FOR ORAL DISCUSSIONS ONLY. THE INFORMATION CONTAINED IN THIS PRESENTATION IS BEING PRESENTED TO YOU SOLELY FOR YOUR INFORMATION AND MAY NOT BE REPRODUCED OR REDISTRIBUTED TO ANY OTHER PERSON, IN WHOLE OR IN PART.
This presentation includes forward-looking statements, which are based on current expectations and forecast about future events. Such statements involve known / unknown risks uncertainties and other factors, which could cause actual results to differ materially from historical results or those anticipated. Such factors include, among others:
● economic, social and political conditions in Indonesia, and the impact such conditions have on construction and infrastructure spending in Indonesia;
● the effects of competition;
● the effects of changes in laws, regulations, taxation or accounting standards or practices;
● acquisitions, divestitures and various business opportunities that we may pursue;
● changes or volatility in inflation, interest rates and foreign exchange rates;
● accidents, natural disasters or outbreaks of infectious diseases, such as avian influenza, in our markets;
● labor unrest or other similar situations; and
● the outcome of pending or threatened litigation.
We can give no assurance that our expectations will be attained.
DISCLAIMER
The information contained in this report has been taken from sources which we deem reliable. However, none of PT Semen Indonesia (Persero) Tbk and/or its affiliated companies and/or their respective employees and/or agents make any representation or warranty (express or implied) or accepts any responsibility or liability as to, or in relation to, the accuracy or completeness of the information and opinions contained in this report or as to any information contained in this report or any other such information or opinions remaining unchanged after the issue thereof.
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