Investor Relations
News Detail

21st Aug 2008

Indonesia Completion Announcement

Independent News & Media PLC completes investment in Indonesian media sector

Ticker: (Bloomberg) INM.ID/ INM.LN and (Reuters) INME.I/ INME.L

Independent News & Media PLC [‘INM’] today announces that it has completed the purchase of a 20% stake in the Jakarta based media group, PT Abdi Bangsa TBK (ABBA.JK).

PT Abdi Bangsa continues to report strong growth, with revenues for the half year (to June 2008) increasing by 24% year-on-year to IDR 66.0bn (€4.7m), while EBITDA has increased 44% year-on-year to IDR 14.7bn (€1.0m).

PT Abdi Bangsa is the publisher of “Republika” one of Indonesia’s largest circulating national daily newspapers and has interests in online publishing, radio, magazine publishing and outdoor advertising.

ENDS 21st August 2008

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“Independent News & Media has always understood that beyond being a very successful company in the financial sense, it has broader social responsibilities to all those communities where it operates. This is demonstrated by over 200 projects and charities which the company has underwritten and supported and can be seen from the work that INM has done in education, particularly the work they’ve done in health education in South Africa in relation to HIV and AIDS.”

Baroness Margaret Jay, Non-Executive Director
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