Payout Ratio Approximately 30% of Net Profit for 2012; Dividend of Approximately IDR 126.50 per Share; Laoh Andriaan and Made Sukada Appointed as Independent Commissioners

PT Bank Danamon Indonesia, Tbk. ("Company") held its Annual General Meeting of Shareholders (AGMS) today, which, among others, approved the Bank's annual report and financial statements for the 2013 financial year, and granted the release and discharge (volledig acquit et decharge) to the current Board of Directors and the Board of Commissioners. 

The AGMS also approved dividend payment for the 2013 financial year of IDR 1,212,55,200,000 or approximately IDR 126.50 per share, or around 30% of the bank's consolidated net profit after tax (NPAT) for 2013. Meanwhile, 1% of the profit or IDR 40,416,840,000 will be set aside as a general reserve in accordance to Indonesian Limited Company Law. The remaining profit will be recorded as retained earning adding to the Bank's capital.

Henry Ho, President Director, PT Bank Danamon Indonesia, Tbk., said: "The 30% dividend payout shows the Company's strong capital, which allows for a sustainable growth. With a solid capital base, the Company can continue to improve its performance in lending, funding, as well as optimizing its service network to better serve our customers."   

The terms of office of all members of the Board of Commisioners, Board of Directors, and the Syariah Supervisory Board ended following the closing of today's AGMS, and the AGMS agreed to reappoint all members of the Board of Directors and the Syariah Supervisory Board. 

With regards to the end of the office terms of Milan Robert Shuster, Harry Arief Soepardi Sukadis and Benedictus Raksaka Mahi, the AGMS agreed to appoint Laoh Andriaan and Made Sukada as Independent Commissioners, which will be effective following the Fit and Proper Test of the Financial Services Authority (OJK).  The AGMS also reappointed members of the Board of Commissioners consisting of Ng Kee Choe, Prof. Dr. J.B. Kristiadi Pudjosukanto, Gan Chee Yen, Manggi Taruna Habir, and Ernest Wong Yuen Weng.

As such, the members of the Board of Commisioners following the closing of the AGMS is as follows:


Board of Commissioners
1. Ng Kee Choe as President Commissioner
2. Prof. Dr. J.B. Kristiadi Pudjosukanto as Vice President Commissioner (Independent)
3. Gan Chee Yen as Commissioner
4. Manggi Taruna Habir as Commissioner (Independent)
5. Ernest Wong Yuen Weng as Commissioner
6. Laoh Andriaan as Commissioner (Independent)*
7. Made Sukada as Commissioner (Independent)*

* Effective following Financial Services Authority's (OJK) Fit and Proper Test.
**The short profiles of Laoh Andriaan and Made Sukada are attached with this press release.

The AGMS also agreed on the reappointment of the Board of Directors. As such, the members of the Board of Directors following the closing of the AGMS are as follows:

Board of Directors:
1. Henry Ho as President Director
2. Muliadi Rahardja as Director
3. Vera Eve Lim as Director
4. Herry Hykmanto as Director
5. Kanchan Keshav Nijasure as Director
6. Fransiska Oei Lan Siem as Director (Independent)
7. Pradip Chhadva as Director
8. Michellina Laksmi Triwardhany as Director
9. Satinder Pal Singh Ahluwalia as Director
10. Khoe Minhari Handikusuma as Director

And, the members of the Syariah Supervisory Board following the closing of the AGMS are as follows:

Syariah Supervisory Board:  
1. Prof. Dr. HM Din Syamsuddin as Chairman
2. Drs. H. Karnaen A. Perwataatmadja, MPA, FIIS as Member
3. Dr. Hasanudin M.Ag. sebagai as Member

The AGMS has also appointed Purwantono, Suherman, dan Surja, a member of Ernst & Young Global Limited, a Public Accountant that is registered in the Financial Services Authority (OJK), to audit the Company's financial report for the 2014 financial year, taking into account the recommendation from the Audit Committee.

Attachment - Profiles of Laoh Andriaan and Made Sukada

Laoh Andriaan
Indonesian Citizen. He studied Matriculation in St. Patrick's College, NSW, Australia, which he completed in 1973. He graduated with a Bachelor's degree in Engineering (aeronautical) from the University of New South Wales in Australia in 1978 and an MBA degree from the Australian Graduate School of Management in 1980.

He began his career in Citibank N.A. in 1981 through the Bank's Executive Development Program. He then handled Asset Based Finance, followed by risk management and finally he was assigned as an international staff in Singapore on April 1990. He returned to Indonesia on September 1991 to carry on duty as Trade Finance and Service Product Head and, concurrently assumed his position as President Director of Citicorp Finance Indonesia in January 1994. Furthermore, he became the Chief of Staff of Country Head in October 1995, and his last assignment in Citibank is as Quality Director for Corporate Bank in 1997.

In 1999, he left Citibank to join PT IBS Insurance Broking Services as Group Marketing Director. He then joined PT Bank Commonwealth in 2001 as Compliance Director. During his 12-year tenure with PT. Bank Commonwealth, he developed the Bank from 2 branches to 90 branches with an asset from under IDR 1 trillion to IDR 14 trillion. He held several positions within the bank with his last position as Vice President Director from 2010 to 2012. 

Made Sukada
Indonesian Citizen. He graduated from the Accounting Faculty of the University of Padjajaran, Bandung, in 1977 and achieved Master of Accounting from the University of Pittsburgh USA in 1984.

He held executive director position of several departments in the Indonesian central bank, Bank Indonesia, (1998-2010), including as the head of departments that were involved in monetary policy formulation and monetary policy implementation. His latest position was as an adviser to the Deputy Governor before he finally retired in April 2010. He has also been working as independent party of Risk Monitoring Committee of Bank Permata since May 2010, and was twice nominated as Deputy Governor of Bank Indonesia in 2001 and 2007. 

He started to work for Bank Indonesia in early 1979 as a Credit Analyst. He received a scholarship to study at the University of Pittsburgh USA (1982-1984). After obtaining his Master's degree, he was assigned as a junior economist in the head office to finally be promoted as division head. He has also been assigned to the Representative Office in New York (1993-1995) and then appointed as Deputy Director of Monetary Policy Management of Bank Indonesia in 1995. Afterwards, he was then assigned to represent Indonesia in the IMF Office - Washington D.C, as the alternate Executive Director before finally returning to Bank Indonesia as Executive Director of Economic Research and Monetary Policy Department from 2007 to 2009. 

About Danamon:
PT Bank Danamon Indonesia, Tbk. ('Danamon') was established in 1956 and as of March 31, 2014 operates a network of around 2,500, including among others conventional branches, Danamon Simpan Pinjam (DSP) and Syariah units as well as its subsidiaries branches. As of March 31, 2014 Danamon provides its customers with close to 60,000 ATMs, including through its association with ATM Bersama and ALTO, in all 33 provinces in Indonesia. Danamon manages around IDR 186 trillion in assets as of March 2014.

Danamon was recently ranked second in the Annual Report Award 2012 held by the Financial Services Authority (OJK) and Bank Indonesia (BI) in the Private Financial Listed category. Danamon was also awarded the Top 10 Publicly Listed Company with the highest Good Corporate Governance (GCG) ASEAN Scorecard by Institute for Corporate Directorship (IICD). Danamon also received the Banking Service Excellence Awards 2013 in the overall, ATM, Teller, Call Center, and Syariah categories from Infobank. Internationally, Danamon was included in the 2013 Forbes Global 2000, which is a list of the world's biggest public companies as compiled by Forbes Magazine.

Danamon is also the sole license holder of Manchester United cards in Indonesia, allowing the Bank to issue Manchester United ATM/Debit cards and credit cards.

PT Adira Dinamika Multi Finance Tbk (Adira Finance), the automotive financing subsidiary of Danamon, operates an extensive branch ne twork in more than 260 cities in Indonesia. Danamon is also the majority owner of PT Asuransi Adira Dinamika (Adira Insurance), a general insurance company and PT Adira Quantum Multifinance (Adira Kredit), a durable goods financing company.

As of March 31, 2014, Danamon was 67.37% owned by Asia Financial (Indonesia) Pte. Ltd., 6.40% by JPMCB-Franklin Templeton Investment Funds and 26.23% by the public.

For further information regarding Danamon, please visit Danamon's corporate website at: www.danamon.co.id

distributed by