UNITED TRACTORS (UNTR IJ) - Rights Issue - CLSA INDO

CLSA is a Joint Financial Advisor in the rights issue by PT United Tractors Tbk (UNTR IJ)

Details of the Rights Issue:
Ratio: 4 rights for every 33 existing shares (4 for 33), in total representing 403,257,853 New Shares to raise up Rp 6,069,030,687,650 (US$696m)

Rights Price: Rp 15,050, representing 30.8% discount to the closing price of Rp21,750 on 30 March 2011. Discount to TERP is 28.4%

Standby Purchaser: Astra

Use of proceeds:
90% business expansion (including mine contracting and coal infrastructure related projects), 10% working capital

Joint Financial Advisors: CLSA and UBS

Timetable:
02 May Shareholder EGM to approve the rights issue
10 May Ex-Rights Date
12 May Record Date
16 May Commence Rights Trading Period (Rights Exercise/Subscription)
30 May End of Rights Trading Period (Final Rights Exercise/Subscription)
01 Jun Last day of Payment for Excess Rights Shares
03 Jun Allotment of Excess Rights Shares
07 Jun Refund for Excess Rights Shares

Management Roadshow schedule:
08 Apr Jakarta
11-12 Apr Singapore
13 Apr Hong Kong
14-15 Apr United Kingdom