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Company Milestones

Matahari

1958 First store in Pasar Baru, Jakarta   
1972 Pioneer of Departement Store concept in Indonesia   
1980 Opening of first store outside Jakarta - Sinar Matahari Bogor   
1992 IPO at Jakarta Stock Exchange and Surabaya Stock Exchange   
1995 Core Business Expansion to Supermarket Operation. 1st Rights Issue - Rp 75 B    
1996 Issuance of 5-year US$ 100 Million Bond. 2nd Rights Issue - Rp 226 B   
1997 Multipolar became majority shareholder. 3rd Rights Issue - Rp 902 B     
2000 Launch of Matahari Club Card (MCC)    
2001 Settlement of 5-year US$ 100 Million Bond   
2002 • New Management Team  •  Core Business Restructuring : Matahari Departement Store, Matahari 
  Supermarket & TimeZone  •  Independent and transparent Business Units. Issuance of 5-year 
  Obligasi I - Rp 450 B     
2003 • Consolidation Year  •  Closure of Non-profitable stores  •  Re-focus to internal infrastructure, 
  resources & company’s foundation   
2004 • Launch of Hypermart  • Top 500 Asia Pacific Retail Award : #1 - Indonesia. Issuance of 5-year 
  Obligasi II -  Rp 300 B & Syariah I Rp 150 B
2005 • Successfull Aggresive expansion : 10 Departement Stores, 4 Kids2Kids, 13 Hypermarts, 4 Cut Prices, 
  1 Matahari Supermarket  • First Matahari Departement Store in China 
  • Top 500 Asia Pasific Retail Award :  #1- Indonesia   
2006 • Continued aggresive expansion : +18 new MDS / Hypermart / Specialty Stores. 
  • Top 500 Asia Pasific Retail Award: #1- Indonesia  •  Issuance of 3-year US$ 150 M, Unsecured 
  Notes < 10%  • Company Ratings : B1 (Moody’s) and B+ (Standard and Poor’s)   
2007 •  Continued aggresive expansion : +15 new MDS / Hypermart / Specialty Stores & 
  3rd Distribution Center in Eastern Indonesia  •  Launch of Parisian new departement store concept 
  •  Top 500 Asia Pacific Retail Award : Best of the Best  •  Top 500 Asia Pacific Retail Award : #1 - 
  Indonesia  •  4th Rights Issue - Rp 1 Trillion  •  Successfull participation in REIT program  
  •  Company Ratings : B+ (Standard & Poor’s), B1 (Moody’s), and A+ (PEFINDO)
2008 • Aggresive expansion : 6 MDS (incl. 3 New Generation Stores), 7 Hypermarts, 2 Foodmarts, 
  4 Times Bookstores  • Achievements : 2008 TOP 500 Asia Pacific Retail Award : Best of The Best, 
  2008 TOP 500 Asia Pacific Retail Award : #1 - Indonesia, Service Quality Gold Award Excellent 2008, 
  Indonesia Most Admired Company 2008 • Company Ratings : B+ with Stable Outlook (Standard & 
  Poor’s), B1 with Stable Outlook (Moody’s), and A+ with Stable Outlook (PEFINDO) 
2009 •  Issuance of 3-year US$ 200 M; 3-5 year Obligasi III - Rp 302 B; 3-5 year Syariah II - Rp 226 B •  
  Company Ratings : B+ with Stable Outlook (Standard & Poor’s), B1 with Stable Outlook (Moody’s),
  and A+ with Stable Outlook (PEFINDO) • Achievement : • ISO 22000:2005 Certification for Food 
  Safety and Management System • 2009 Top 500 Asia Pacific Retail Award : Best of the Best  •  2009 
  Top 500 Asia Pacific Retail Award : #1 - Indonesia • FAPRA Best Modern Retailer Asia Pacific Award 
  • 2009 Top Brand Award by Frontier Group • 2009 Indonesia’s Most Admired Companies Award 
  by BusinessWeek and Frontier Group • 2009 Service Quality Award Excellent Award by Marketing Magazine.
2010 MDS’ divestment valued at Rp 7.2 trillion; Early Redemption of US$ 200 Million Bond; 
  Rp 3 trillion interim special dividends.
  Company Ratings :  B+ with Stable Outlook (Standard & Poor’s), B1 with Stable Outlook 
  (Moody’s) and A+ with Stable Outlook (PEFINDO)
  Achievement : 2010 Top 500 Asia Pacific Retail Award “Hall of Fame”; 2010 Top 500 Asia 
  Pacific Retail Award : #1 – Indonesia; 2010 SUPERBRAND Award

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