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On behalf of TM, we wish to announce that on 23 September 2005, TMIL and PT Telekomindo Primabhakti (“Telekomindo”) entered into an agreement to amend the Call and Put Option Agreement dated 11 January 2005 as follows:

(a) Exercise Period

• Under the Call and Put Option Agreement dated 11 January 2005, Telekomindo may require TMIL to purchase up to 1,193,656 (52.7%) Excelcomindo shares (“Option Shares”) (“Put Option”), and TMIL may require Telekomindo to sell to TMIL the Option Shares (“Call Option”):
  
  (i) between 30 days after the completion of the proposed listing of Excelcomindo to 120 days thereafter; or
  
  (ii) if the proposed listing of Excelcomindo has not occurred by 30 September 2005, within 30 days from 1 October 2005.
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  The above exercise period has been amended such that the Put Option and Call Option may be exercised during the following period instead:(i) immediately after the completion of the proposed listing of Excelcomindo to 30 days thereafter; or
  
  (ii) if the proposed listing of Excelcomindo has not occurred on or before 31 October 2005, for a period of 25 days from 1 November 2005.

• Under the Call and Put Option Agreement dated 11 January 2005, in the event Telekomindo exercises the Put Option, TMIL is required to deposit the option exercise price with an escrow agent (“Escrow Agent”) agreed between TMIL and Telekomindo within ten (10) business days of Telekomindo giving the Put Option exercise notice to TMIL.
  
  An additional phrase has been included in the Call and Put Option Agreement which states that in the event the Put Option exercise notice is delivered to the Escrow Agent less than ten (10) business days prior to the 30th day after the proposed listing of Excelcomindo, TMIL shall deposit the option exercise price with the Escrow Agent by:(i) the 30th day after the proposed listing of Excelcomindo; or
  
  (ii) the 2nd business day after the delivery of the Put Option exercise notice,

• whichever is later.