Partnership Inauguration of Synthetic Rubber Facility between Michelin & CAP

On November 5, 2013, the management of PT Chandra Asri Petrochemical Tbk (CAP) along with Compagnie Financière Michelin (Michelin) conduct a partnership inauguration of synthetic rubber plant (synthetic rubber) which is managed by PT Synthetic Rubber Indonesia (SRI). The inauguration of this partnership is a milestone of the joint venture agreement between PT Petrokimia Butadiene Indonesia (PBI, a subsidiary of CAP) with Michelin, which has been signed by both parties in June 2013. In this inauguration, the Michelin Team led by Mr. Jean-Dominique Senard, General Managing Partner and CEO of Michelin Group also took time to do a site survey for the SRI Plant. The plant construction that produces feedstock of environmentally friendly tires is planned to begin in early 2015, with completion and start-up targeted at the beginning of 2017. The collaboration between the two companies is expected to give positive contributions for Indonesian economic by reducing import of feedstock and to increase export of tires. The construction of SRI plant is a form of commitment by CAP and its Subsidiaries to increase the value chain of petrochemical products which are produced by the Company and to further support the realization of an integrated petrochemical industry in Indonesia.