1. INDONESIA HEAVENLY GOLF Presented by 2014

2.  4 th biggest Population : 297 mio  Surface Area : 1.904.569 km2  Archipelago Country with total island: 17.504 islands  4 Big Islands: Java (5.7%), Sumatra (25.2%), Kalimantan (28.5%), Sulawesi (9.9%), Papua (25.9%), etc(4.8%).  Java Island inhabited 52.8% of total population  Tropical Country  365 days of Sunshine  Famous Island : Bali (Island of Gods) and Raja Ampat

3. Competitive & Reasonable Price W/day from USD 30 W/end from USD 50 Competitive & Reasonable Price W/day from USD 30 W/end from USD 50 World Class Designer Jack Niklaus’ Signature Robert Trent Jones Jr. Arnold Palmer Gary Player Nick Faldo Peter Thomson Greg Norman World Class Designer Jack Niklaus’ Signature Robert Trent Jones Jr. Arnold Palmer Gary Player Nick Faldo Peter Thomson Greg Norman Excellent Maintenance Avr employment 600 Excellent Maintenance Avr employment 600

4. 45 15 72 5 6 1 st Golf Course established at 1872 in Jakarta. (Heritage Landmark of Jakarta) Total Golf Courses currently 149 Golf Courses (Excld Private Golf Courses) 2 4

5. Pondok Indah Golf Club Padang Golf Halim Jakarta Golf Club Riverside Golf Club Padang Golf Modern

6. Gading Raya Padang Golf & Country Club IMPERIAL GOLF CLUB DAMAI INDAH GOLF BSD COURSE

7. Driving Range Locker Room Swimming Pool VIP Restaurant Royale Jakarta Golf Club Damai Indah Golf ( BSD Course) Emeralda Golf & Country Club Pondol Indah Golf Club Sentul Highland Golf Club Emeralda Golf Club

8. Minimum 2 month Training

10. There are 26 golf courses in greater Jakarta Jakarta Area

11. Data from 11 golf courses in Jakarta 2011 – 2012 NO CLUB NAMEYear Semester 1 2010 vs 20112011 vs 2012 Greater Jakarta20102011Sem 2011Sem 2012% 1 Damai Indah Golf - BSD 43,155 47,973 23,244 22,98111.2%-1.1% 2 Damai Indah Golf - PIK 57,510 74,174 36,467 35,14929.0%-3.6% 3 Emeralda Golf & CC 64,603 67,565 34,645 34,2164.6%-1.2% 4 Imperial Golf 61,870 63,330 30,733 32,0982.4%4.4% 5 Jababeka Golf & Country Club 42,017 41,466 20,343 21,579-1.3%6.1% 6 Kedaton Golf & CC 24,483 30,162 14,834 14,83123.2%0.0% 7 Klub Golf Bogor Raya 62,146 62,681 33,100 33,6220.9%1.6% 8 Padang Golf Modern 52,658 49,076 23,155 26,196-6.8%13.1% 9Permata Sentul Golf & CC 28,759 55,053 28,909 32,06291.4%10.9% 10Riverside Golf Club 21,457 41,844 20,620 22,36395.0%8.5% 11Sentul Highland 28,429 52,631 25,586 28,43685.1%11.1% 489,097 585,955 291,636 303,53320.2%4.1%

13. Investment ItemsUSD (mio)Asumption Land Acquisition560 ha ( 1 ha = 10.000 m2) Course Development5.418 holes Club House18.0000 m2 Machinery0.25 Golf Carts0.575 carts Total12 Others Payback Period30 yrExcl Land Min SalaryUSD 200 / month600 employees Average GM SalaryUSD 4.000 - 6.000 /month