<p>Jakarta, April 20, 2012. PT Agung Podomoro Land Tbk (&ldquo;APLN&rdquo; or &ldquo;the Company&rdquo;) &ndash; (Ticker IDX: APLN) &ndash; announced that its subsidiary PT Cipta Pesona Karya (CPK) will develop a mini superblock in South Jakarta. CPK has acquired a parcel of land with an area of around 7,800 square meters at a cost of IDR143 billion. The land is strategically located close to the Inner City Toll Road, in the intersection of Jl. Letjen. MT. Haryono and Jl. Prof. DR. Soepomo. The development will include one Small Office Home Office (SOHO) type tower with around 500 units and a retail space with net leasable area of around 10,000 square meters.</p>