Announcement of Annual General Meeting of Shareholders.

The Board of Directors of PT Alam Sutera Realty Tbk (“Company”) hereby announces that an Annual General Meeting of Shareholders (“GMS”) will be held on Friday, June 3rd, 2016. Pursuant to Article 20.4 of the Company’s Article of Association, an invitation to the GMS will be published in 1 (one) national circulated newspaper, IDX website and Company website on May 12th, 2016. The Shareholders who are entitled to attend the GMS are those whose names are registered in the Shareholders Registry on May 11th, 2016 as at 16.00 WIB, or the stock account holders in the Stock Collective Custody of PT Kustodian Sentral Efek Indonesia (Indonesian Central Securities Depository) on close trading day of May 11th, 2016. Pursuant to Article 20.3 of the Company’s Article of Association, any suggestions from shareholders will be included in the Agenda of GMS if it meets the requirement pursuant to the Company’s Article of Association and such suggestion has been received by the Board of Directors by no later than 7 (