PT Voksel Electric Tbk.

Head Ofce Menara Karya 3rd Floor, Unit D Jl. HR. Rasuna Said Blok X-5 Kav. 1-2 Jakarta 12950 Phone (021) 5794-4622 Fax (021) 5794-4649 E-mail: ve@voksel.co.id Website: http://www.voksel.co.id Jl. Raya Narogong Km. 16, Desa Limusnunggal Cileungsi, Kab. Dati II Bogor 16820, Jawa Barat Phone (021) 823-0525, 823-0143 Fax (021) 8249-0177 E-mail: ve@voksel.co.id Cables Industry PMA

Cables Summary of Financial Statement

(Million Rupiah) 2008 2009 2010
Total Assets Current Assets of which Cash and Cash Equivalents Trade receivables Inventories Non-Current Assets of which Fixed Assets-Net Deffered Tax Assets Other Assets Liabilities Current Liabilities of which Trade payables Bank Loans Taxes payable Non-Current Liabilities Minority Interests in Subsidiaries Shareholders' Equity Paid-up capital Paid-up capital in excess of par value Revaluation of fixed assets Retained earnings (accumulated loss) Net Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Profit (Loss) Other Income (Expenses) Profit (Loss) before Taxes Profit (Loss) after Taxes Per Share Data (Rp) Earnings (Loss) per Share Equity per Share Dividend per Share Closing Price Financial Ratios PER (x) PBV (x) Dividend Payout (%) Dividend Yield (%) Current Ratio (x) Debt to Equity (x) Leverage Ratio (x) Gross Profit Margin (x) Operating Profit Margin (x) Net Profit Margin (x) Inventory Turnover (x) Total Assets Turnover (x) ROI (%) ROE (%) PER = 9.10x ; PBV = 1.15x (June 2011) Financial Year: December 31 Public Accountant: Hendrawinata, Gani & Hidayat
(million rupiah) 2011 2010
Total Assets Liabilities 1,230,000 794,000 435,000 949,000 50,000 4.07 11.49 1,151,089 787,756 362,799 503,418 (12,656) (1.10) (3.49)

1,165,128 904,529 48,944 417,849 364,784 260,599 199,374 6,952 2,595 849,783 831,755 462,360 279,593 11,491 18,028 270 315,075 415,560 940 1,153 ( 102,578) 2,267,484 2,013,100 254,384 113,749 140,636 ( 129,982) 10,653 5,238

1,237,958 960,356 32,824 571,499 253,461 277,601 212,644 6,635 4,273 862,195 843,861 424,754 263,281 5,971 18,334 309 375,454 415,560 940 1,153 ( 42,199) 1,729,113 1,531,230 197,884 115,406 82,477 ( 6,886) 75,591 53,563

1,126,481 891,583 37,210 501,848 251,281 234,898 210,898 6,572 2,226 740,456 719,232 470,124 157,032 3,475 21,225 504 385,520 415,560 940 1,153 ( 32,133) 1,309,570 1,156,342 153,228 105,941 47,287 ( 30,243) 17,044 10,066

Factory

Business Company Status

Financial Performance: The Company booked net income amounted IDR 10.066 billion in 2010, lower than last year income worth IDR 53.563 billion. Brief History: PT Voksel Electric Tbk. (the Company) was established in Jakarta on April 19, 1971. Since 1989, the Company became a foreign capital investment through a joint venture agreement with Showa Electric Wire & Cable Co. Ltd Japan (Showa). In concurrent with its aggressive growth strategy, the Company issued its initial public offering in the Jakarta and Surabaya Stock Exchanges on December 20th 1990. Through consistent hard work and dedication from all management and employees, the Company soon positioned itself as one of the leading cable manufacturers in Indonesia. The Companys core businesses include manufacturing of power, telecommunication and ber optics cables. Through its continuous pursuit for quality excellence, the Company was awarded numerous international quality certicates, such as ISO 9002:1994 year 1995, ISO 9001:1994 year 1999 and ISO 9001:2000 year 2003 by SGS Yarsley International Certication Services, Ltd.

6 379 n.a 300

64 452 n.a 410

12 464 n.a 450

47.60 0.79 n.a n.a 1.09 2.70 0.73 0.11 6.20 0.23 5.52 1.95 0.45 1.66

6.36 0.91 n.a n.a 1.14 2.30 0.70 0.11 4.77 3.10 6.04 1.40 4.33 14.27

37.15 0.97 n.a n.a 1.24 1.92 0.66 0.12 3.61 0.77 4.60 1.16 0.89 2.61

Shareholders Standard Chartered Bank Ltd., Hongkong Triwise Group Limited, BVI SWCC Showa Cable System Co., Ltd, Japan Public

Shareholders' Equity

27.69% 10.94% 10.02% 51.35%

Net Sales Profit after Taxes ROI (%) ROE (%) In June

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Indonesian Capital Market Directory 2011

PT Voksel Electric Tbk.

Board of Commissioners President Commissioner Kumhal Djamil Commissioners Hardi Sasmita, Michael Tjandrawinata, Christianto Wibisono, Akihisa Takizawa

Cables

Board of Directors President Director Heru Gondokusumo Directors Fumiaki Nakajima, Masahiko Saegusa, Linda Lius, Muliany Anwar, Tan Yong Han Number of Employees 711

No 1 2 3 4 5 6 7 8 9 10

Type of Listing First Issue Partial Listing Partial Listing Cooperative Company listing Bonus Shares Right Issue Bonus Shares Stock Split Additional Listing without Pre-emptive Rights

Listing Date 20-Dec-90 20-Dec-90 13-Aug-91 03-Jul-92 03-Jul-92 22-Feb-94 10-Mar-94 12-Aug-96 19-Mar-02 12-Jun-06

Trading Date 20-Dec-90 17-Apr-91 20-Aug-91 31-Dec-99 03-Jul-92 22-Feb-94 13-May-94 12-Aug-96 19-Mar-02 12-Jun-06

Number of Shares per Listing 3,080,000 1,500,000 1,500,000 154,200 13,765,800 16,000,000 6,000,000 21,000,000 63,000,000 705,120,519

Total Listed Shares 3,080,000 4,580,000 6,080,000 6,234,200 20,000,000 36,000,000 42,000,000 63,000,000 126,000,000 831,120,519

Underwriters PT INDOVEST, PT SEAB Securindo Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization

Stock Price and Traded Chart

Stock Price (Rp) 700 600 500 400 300 200 100 Jan-10 Feb-10Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11

Million Shares 5 5 4 4 3 3 2 2 1 1 -

Institute for Economic and Financial Research

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