<p>Jakarta, September 14, 2011. PT Agung Podomoro Land Tbk (&ldquo;APL&rdquo; or &ldquo;the Company&rdquo;) &ndash; (Ticker IDX: APLN) &ndash; today announced that the Company has acquired 80% stake in PT Alam Hijau Teduh (PT AHT) which has closed to two hectares of land in West Jakarta. Total acquisition cost was around IDR 56 billion. The Company will develop the area into a residential apartments and commercial complex.</p>