<p>Jakarta, April 5, 2012. PT Agung Podomoro Land Tbk (&ldquo;APLN&rdquo; or &ldquo;the Company&rdquo;) &ndash; (Ticker IDX: APLN) &ndash; announced the acquisition of a 65% stake in PT Pandega Citraniaga (PC) for about IDR210 billion. PC owns and manages Mal Plaza Balikpapan, the first and one of the best malls/trade centers in Balikpapan, East Kalimantan. Located in 5 hectares of land, the Company will also undertake reclamation for additional 5 hectares to be developed into a mini superblock complex which will include lifestyle mall, hotel, apartment tower and office tower.</p>