<p>Jakarta, July 12, 2012. PT Agung Podomoro Land Tbk (&ldquo;APLN&rdquo; or &ldquo;the Company&rdquo;) &ndash; (Ticker IDX: APLN) &ndash; announced that it has entered into a conditional share purchase agreement to acquire a 51% stake in PT Bali Perkasa Sukses (BPS) for about IDR 256 billion. BPS owns around 4.5 hectares of land in Seminyak, Bali which will be developed into a four or five star hotel with around 250 to 400 rooms.</p>