Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.



(Incorporated with limited liability under the laws of Bermuda) Website: http://www.firstpacific.com

(Stock Code: 00142) ANNOUNCEMENT MADE BY INDOFOOD AGRI RESOURCES LTD. IN RELATION TO ITS UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2014

This Announcement is made by First Pacific Company Limited ("First Pacific" or the "Company") pursuant to the requirements of Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("HKEX") and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) to provide shareholders of First Pacific and the public with the unaudited consolidated financial results of Indofood Agri Resources Ltd. ("IndoAgri"), an indirect subsidiary of the Company, for the six months ended 30 June 2014.

Summary

The board of directors of IndoAgri approved the release of the unaudited consolidated financial results for the six months ended 30 June 2014, which have been submitted to the Singapore Stock Exchange on 25 July 2014, and have also been disclosed as the Company's Overseas Regulatory Announcement on the websites of the HKEX and the Company.

IndoAgri, an indirect subsidiary of First Pacific, is a company incorporated in Singapore whose shares are listed on the Singapore Stock Exchange. As at 30 June 2014, IndoAgri is owned as to approximately 70.4% by Indofood Singapore Holdings Pte. Ltd., which in turn is owned as to 83.8% by PT Indofood Sukses Makmur Tbk ("Indofood"), which in turn is a 50.1% owned subsidiary of First Pacific. In addition, Indofood directly owns approximately 1.4% of IndoAgri.
The board of directors of IndoAgri approved the release of the unaudited consolidated financial results for the six months ended 30 June 2014, which have been submitted to the Singapore Stock Exchange on 25 July 2014, and have also been disclosed as the Company's Overseas Regulatory Announcement on the websites of the HKEX and

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the Company. The unaudited consolidated financial statements have been prepared in conformity with Singapore Financial Reporting Standards and are presented in Indonesian Rupiah. The unaudited Consolidated Comprehensive Income Statements for the six months ended 30 June 2014 and 30 June 2013, as well as the unaudited Consolidated Balance Sheet as at 30 June 2014 and audited Consolidated Balance Sheet as at 31 December 2013 for IndoAgri are provided below:

INDOFOOD AGRI RESOURCES LTD. CONSOLIDATED COMPREHENSIVE INCOME STATEMENTS (UNAUDITED) FOR THE SIX MONTHS ENDED 30 JUNE 2014 AND 2013 Group - YTD 6 months 30/06/2014 30/06/2013 Change

Rp' million Rp' million %

Revenue 7,168,555 6,454,605 11.1
Cost of sales (5,044,395) (5,278,508) (4.4)

Gross profit

2,124,160

1,176,097

80.6

Gross profit %

29.6%

18.2%

Selling and distribution costs (208,559) (215,942) (3.4) General and administrative expenses (556,623) (463,104) 20.2
Foreign exchange losses (5,856) (4,000) 46.4
Other operating income 67,857 121,614 (44.2) Other operating expenses (82,838) (101,337) (18.3) Share of results of associate companies (38,964) (30,036) 29.7

Share of results of a joint venture (26,804) - n/m

Profit from operations 1,272,373 483,292 163.3

Finance income 111,718 97,632 14.4

Finance expenses (352,070) (251,521) 40.0

Profit before tax 1,032,021 329,403 213.3



Income tax expense (315,069) (109,196) 188.5

Net profit for the period 716,952 220,207 225.6 Other comprehensive income:-



Foreign currency translation 29,678 (19,767) n/m

Total comprehensive income for the period 746,630 200,440 272.5 Net profit after tax attributable to:-

- Owners of the Company 405,891 172,737 135.0

- Non-controlling interests 311,061 47,470 555.3

716,952 220,207 225.6 Total comprehensive income attributable to:-

- Owners of the Company 469,362 151,636 209.5

- Non-controlling interests 277,268 48,804 468.1

Total comprehensive income for the period 746,630 200,440 272.5

n/m denotes "Not Meaningful"

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INDOFOOD AGRI RESOURCES LTD. CONSOLIDATED BALANCE SHEETS AS AT 30 JUNE 2014 (UNAUDITED) AND 31 DECEMBER 2013 (AUDITED)



Group

30/06/2014

Rp' million

31/12/2013

Rp' million

Non-current assets

Biological assets

14,411,279

13,893,246

Property, plant and equipment

10,519,501

9,780,693

Goodwill

3,247,532

3,247,532

Claims for tax refund

143,062

236,529

Deferred tax assets

1,083,515

962,678

Investment in associate companies

353,568

398,860

Investment in a joint venture

873,193

863,768

Advances and prepayments

745,240

706,696

Other non-current receivables

722,430

676,518

Total non-current assets

32,099,320

30,766,520

Current assets

Inventories

2,426,357

1,568,496

Trade and other receivables

1,458,540

1,139,637

Advances and prepayments

216,064

293,191

Prepaid taxes

218,646

134,074

Cash and cash equivalents

3,949,923

3,802,920

Total current assets

8,269,530

6,938,318

Total assets

40,368,850

37,704,838

Current liabilities

Trade and other payables and accruals

2,354,069

1,716,990

Advances and taxes payable

249,716

220,256

Interest-bearing loans and borrowings

5,326,648

3,761,669

Bonds and Sukuk Ijarah payables

729,108

728,093

Income tax payable

91,655

77,343

Total current liabilities

8,751,196

6,504,351



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INDOFOOD AGRI RESOURCES LTD. CONSOLIDATED BALANCE SHEETS (CONTINUED) AS AT 30 JUNE 2014 (UNAUDITED) AND 31 DECEMBER 2013 (AUDITED)



Group

30/06/2014

Rp' million

31/12/2013

Rp' million

Non-current liabilities

Interest-bearing loans and borrowings

4,208,527

4,304,964

Amounts due to related parties and other payables

525,820

532,003

Provision and other liabilities

22,642

22,633

Employee benefits liabilities

1,686,347

1,555,851

Deferred tax liabilities

2,001,056

1,951,802

Total non-current liabilities

8,444,392

8,367,253

Total liabilities

17,195,588

14,871,604

Net assets

23,173,262

22,833,234

Equity attributable to owners of the Company

Share capital

3,584,279

3,584,279

Treasury shares

(238,263)

(238,263)

Revenue reserves

10,327,372

9,989,279

Other reserves

719,076

661,155

Non-controlling interests

14,392,464

8,780,798

13,996,450

8,836,784



Total equity 23,173,262 22,833,234


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GENERAL

Shareholders should note that the above unaudited and audited consolidated financial results pertain only to IndoAgri and not to First Pacific itself.
The above information only refers to certain sections of IndoAgri's disclosure and shareholders should refer to IndoAgri's original filing uploaded to the Singapore Stock Exchange's website (http://www.sgx.com) and have been disclosed as the Company's Overseas Regulatory Announcement on the websites of the HKEX and the Company on
25 July 2014.
By Order of the Board

First Pacific Company Limited Nancy L.M. Li

Company Secretary

Hong Kong, 25 July 2014
As at the date of this announcement, the Board comprises the following Directors:

Executive Directors:

Manuel V. Pangilinan, Managing Director and CEO
Edward A. Tortorici
Robert C. Nicholson

Non-executive Directors:

Anthoni Salim, Chairman
Benny S. Santoso
Tedy Djuhar
Napoleon L. Nazareno

Independent Non-executive Directors:

Graham L. Pickles
Prof. Edward K.Y. Chen, GBS, CBE, JP Margaret Leung Ko May Yee, SBS, JP Philip Fan Yan Hok

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distributed by