PT Santika Griya Persada signed a share purchase agreement to acquire 50% stake in PT Bumi Orion Seruyan Sawit from PT. Multi Agro Gemilang Plantation TBK. (JKSE:MAGP) for IDR 17.5 billion in cash on September 27, 2012. PT Santika Griya Persada will purchase 17,500 shares of Bumi Orion at price per share of IDR 1 million per share. In a related transaction, PT Santika Griya Persada signed a share purchase agreement to acquire 49.9% stake in PT Bumi Orion Seruyan Sawit from PT. Multi Agro Gemilang for IDR 17.5 billion on October 2, 2012.

PT Santika Griya Persada completed the acquisition of 50% stake in PT Bumi Orion Seruyan Sawit from PT. Multi Agro Gemilang Plantation TBK. (JKSE:MAGP) during the year ended March 31, 2013.