First Pacific : OVERSEAS REGULATORY ANNOUNCEMENT

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.

Please refer to the attached press release filed by PT Indofood Sukses Makmur Tbk ("Indofood"), a 50.1% owned subsidiary of First Pacific Company Limited, to the Indonesia Stock Exchange, in relation to Indofood's financial results for the year ended 31 December 2016, together with the relevant Consolidated Financial Statements in the newspaper format.

Dated this the 24th day of March, 2017

As at the date of this announcement, the board of directors of First Pacific Company Limited 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

Ambassador Albert F. del Rosario

Independent Non-executive Directors: Prof. Edward K.Y. Chen, GBS, CBE, JP Margaret Leung Ko May Yee, SBS, JP Philip Fan Yan Hok

Madeleine Lee Suh Shin

• Consolidated net sales grew 4.2% to Rp66.75 trillion

• Earnings per Share (EPS) increased 39.6% to Rp472 from Rp338

Jakarta , 24 March 2017 - PT lndofood Sukses Makmur Tbk ("lndofood" or the "Company") today announced its financial results for the year ended 31 December 2016. Consolidated net sales grew 4.2% to Rp66.75 trillion from Rp64.06 trillion last year. The Company's Strategic Business Groups ("Group") namely Consumer Branded Products ("CBP") contributed around 51% to the consolidated net sales followed by Bogasari, Agribusiness, and Distribution Group, contributing around 22%, 19%, and 8% respectively .

Income from operations increased 12.5% to Rp8.29 trillion from Rp?.36 trillion, and operating margin expanded to 12.4% from 11.5%. Income for the year attributable to equity holders of the parent entity rose 39.6% to Rp4.14 trillion from Rp2.97 trillion , net margin improved to 6.2% from 4.6%. Without taking into account non-recurring items and difference in foreign exchange rate, core profit increased 12.0% to Rp3.99 trillion from Rp3.56 trillion last year.

Anthoni Salim, the President Director and Chief Executive Officer of lndofood, said: "2016 has been a very good year for lndofood. We deliver record high bottom line and core profit, demonstrating good quality earnings. As we moved forward toward 2017, we remain positive on the outlook of domestic economy and commodity prices, in particular CPO. We will continue to uphold a prudent approach to sustainable growth, both organically and inorganically , as we strive to continue deliver top line and bottom line growth while maintaining a healthy financial position."

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PT IND FOOD SUKSES MAKMUR Tbk

Sudirman Plaza 1

lndofood Tower. 25''Floor

JI. Jend. Sudirman Kav. 76 - 78 Jakarta 12910, Indonesia

T. +6221 5795 8822

F. +6221 5793 7373

www.indofood.co.id

About PT lndofood Sukses Makmur Tbk

Over the last two decades, lndofood has progressively transformed into a Total Food Solutions company with operations in all stages of food manufacturing , from the production of raw materials and their processing, to consumer products in the market. Today, it is renowned as a well-established company and a leading player in each business category in which it operates. In its business operations , lndofood capitalizes on economies of scale and a resilient business model with four complementary Strategic Business Groups ("Group"), namely:

• Consumer Branded Products ("CBP")

  Supported by the strength of its product brands, the Group produces a diverse range of consumer branded products including noodles, dairy , snack foods , food seasonings, nutritional and specialty foods, and beverages.

• Bogasari

  The Group is primarily a producer of wheat flour as well as pasta, with business operations supported by its own shipping and packaging units.

• Agribusiness

  The Group's principal activities range from research and development, seed breeding, oil palm cultivation and milling, to the production and marketing of branded cooking oils, margarine and shortening . The Group also cultivates and processes rubber, sugar cane and other crops.

• Distribution

  With the most extensive distribution network in Indonesia, the Group distributes the majority of the consumer products manufactured by lndofood and its subsidiaries, as well as by third parties, to the market.

  For further information, please contact:

  Elly Putranti Corporate Secretary

  PT lndofood Sukses Makmur Tbk

  Tel : +6221 5795 8822

  Fax: +6221 5793 7373

  Email: elly.putranti@indofood .co .id

  2

  l'!.!lWt!!>!.; PT IND(@FOOD SUKSES MAKMUR Tbk

  ANDITS SUBSIDIA RIES

  SUDIRMAN PLAZA, INDOFOOD TOWER,27th Floor, Jalan Jenderal Sudirman Kav. 76-78,Jakarta 129t 0. INDONESIA

  Phone :( 62 - 21 ) 57958822 Fax :( 62 - 21 ) 57935960 www.indofood.com

  CONSOLIDATED STATEMENT OF FINANCIAL POSITION CONSOLIDATEDSTATEMENT OF PROAT OR LOSS AND OTHER COMPREHENSIVE INCOME CONSOLIDATED STATEME NT OF CASH FLOWS

  Asof DECEMBER 31, 2016 For the Year Ended December 31,2016 For the Year Ended December 31, 2016 (Expressed In Mllllons of Rupiah,Unless Otherwise Stated) (Expressed in Millions of Rupiah,Unless Otherwise Stated) (Expressed In Millions of Rupiah,Unless Otherwise Stated)

  ASS E T S Decemb« 3t , 20t6 December 31, 2015 December 31, 2014 LIABILITIES AND EQUITY December 31, 2016 December 31, 2015 December 31, 2014 2016 2015 2014 CASHFLOWS FROMOPERATIIIGACTIVITIES

  2016 2015 2014

  CURRENT ASSETS LIABILITIES

  CONTINUING OPERATIONS Cash recei;ed cm OJStane 66,544,619 63,457,708 69,061,463

  Cashraidll (35,278,103) !35,923,449) (36,388,546)

  47,321 8n empoy

  Cashand cash equivalents 13,362,236 13,076,076 14,157,619 CURRENT LIABILITIES NET SALES 66,750,317 64,061,947 63,594,452 P1silr andq)lfatr,g expinses (14,292,865) 14,292,097) (14,085,551)

  Short·term bank loans andoverdraft 5,697,745 5,971,569 5,069,833 COST OF GOODS SOLD 1 46,803,889 46,465,617 Payrrenls ll {6,286,442) {5,964,581) {6,101,960)

  Trust receipts payable 1,218,864 1,747,575 3,922,784 GROSS PROFIT 19, 428,44017,258, 058 17, 128,835Cashgeneraledfrom f.oos 10,687,209 1,2n,581 12,485,406

  Short-term investments 534,138 1,090,607 665,340 Trade payables Rofil1ereslrllXJl1e 674,541 736,000 866,999

  Thirdparties 2,964,533 3,080,946 3,279,443 Selling and distribution expenses (7,168,040) (6,885,612) (6,241,394) Payrrenlsil1eresl expenses (1,578,453) (1,512,087) (1,628,172)

  Accountsreceivable Related part es 573,340 503,958 539,400 General and administralive expenses (3,988,897) (3,495,437) (3,902,208) Payrremsiaxes ·net (2,678,358) (2,333,641) (2,398,644)

  TradeOther payables and depos received • Third parties 1,222,334 1,589,265 1,274,315 Otheroperatingincome 642,368 859,172 727,004 OU18ISrene1 70,664 45, 760 {56,271)

  Accrued expenses 2,260,066 2,137,266 2,084,729 Otheroperatingexpenses {628,864) {373,286)(39i617) NetGash Provided by Operilng Aclfvities 7,175,603 4,213,613 9,269,318

  Thirdparties • net 3,729,640 3,522,553 3,001,157 Short-term employee benefrts riabirrty 824,n8 684,417 730,683 INCOME FROM OPERATIONS 8, 285,007 7, 362, 895 7, 319,620CASHFLOWS FROM!NESTING ACTIVffiES

  Related parties 887,206 733,261 553,910 Taxespayable 840,162 352,910 478,529 Proreedsfrom of investrneo1Sand depisi1receivedof

  Current maturities of long-term debts Financeincome 1,050,651 735,879 858,838 OSIX)5aJ group asheldfor sale 3,503,138 395,617 66,312

  Non-trade

  Bank loans 1,608,077 2,949,803 1,091,748 Finance expenses (1,574,152) (2,665,675) (1,552,958) Proreedsfrom sa'e of fixed asselS 53,045 16,130 42,569

  Third parties 216,638 458,089 500,602 Bonds payable 1,999,082 . Finaltax oninterest income (130,555) (136,709) (166,257) Adiilionsto fixed asselS and Jjantaoons (2,770,246) (3,540,744) (4,749,421)

  Related parties 371,033 302,755

  402,707 liabil y for purchases of fixed assets 10,460 42,942 11,349 Shaie in net lossesof associates (245,723) (334,306) (119,058) Adcflions toilvt and CX111rioooon inassociates (1,099,924! (501,442) (239,075) liabi4ies directly associated will disposal group classified as hekJs i:lr sai3 6, 046,8874,176,022Paymsfor 1)1.'jeds.rdaaµsit',cn of fixed assets (341,488 (1,078,175) !472,397)

  Inventories • net 8,469,821 7,627,360 8,446,349 INCOME BEFORE INCOME TAX EXPENSE 7, 385,228 4, 962,084 6,340,1 85Captailed Murecane crops 1Ures (130,153) (183,353) 217,487)

  Payrrerus foraQJJisim of shares

  Advancesand deposits 699,403 809,685 649,072 Total Current Liabifities 19,219,441 25,107,538 22,658,835 Income Tax Expense (2, 532,747)(1,730,371) (1,855, 939) Acq.isi1ionof S!bsmies.netof cashacqted (54,996) (1,119,760) (164,952)

  Prepaid taxes 320,384 302,105 351,822 INCOME FOR THE YEAR FROM inaSutsi(8,199)

  lmewnent iitine oop::,sits (4,003,380)

  Future crop expend'rtures 180,900 165,308 161,819 NON-CURRENT LIABILITIES CONTINUINGOPERATIONS 4, 852,4813,231,7134, 484 ,246received from dsJX)Sal groopdassffied as hel:Ifor 345,822 long·term debts ·net of current maturities

  lmesunent iimertlilnotes (57,020)

  Prepaid expenses andother current assets 214,044 253,910 390,760 Bank loans 9,889,092 12 889,330 12,826,553 A PISCONJI NUEDOPERATION A(l,.ijon 10intangtle 1$ (367,756)

  Assets of cfisposal group classified as heldfor sale . 14, 375,0841 1 , 832,922Bondspayable 1,994,160 3,989,156 3,985,409 INCOME FOR THE YEAR FROM HetGashUsed In InvestingActivties liabi14y for purchases of fixed assets 4, 6031 5,46625,914A DISCONTINUED OPERATION 414 ,425477, 788745,243

  (848,823) (5, 665, 905) (10,162,607)

  TotalCurrent Assets 28, 985, 443 42, 816,74541,014,127

  Total ong-term Debts 11,887,855 16,893,952 16,837,876

  INCOME FOR THE YEAR 5,266,906 3,709,501 5,229,489 CASH FLOWS FROM Fl IANCUlG ACTIVffiES

  Deferred tax liabil ies • net 1,050,282 1,518,833 1,016,943 Prfrom slm·ttffll banloalls 18,190,623 8,925,243 5,926,863

  .

  Due to related parties 542,099 338,848 523,202 Other comprehensive income (losses) Prfflds from ·tE!lllb.lnk loans 1,837,779 1,357,802 2,447,317 NON-CURRENTASSETS Advance for stock subscription from non-(ontrolling interest 83,300 . lleiM I ha! will !l21tie r l assifiedI Q ari!frt Qr !Qsr ProorrOllings fromrelated 202,805 158,075

  (3,450) non,rontrofinginterests 83,300

  Claimsfor tax rehJnd 271,485 261,934 457,440 Liabilities for elll)loyee benefrts 5,360,277 4,775,806 4,707,196 Re·measurement gains (losses) of employees' benefit liabilities 13,493 311,665 (29,687) Prixmsfrom aci= kt s'Xlc sutwiif,on cm Est matedilabilities for assets dismantling costs 89, 838 74, 956 59, 001 Share of other comprehensive losses of associates,netof tax (1,880)

  Plasma receivables • net 1,064,600 785,773 618,026 ttm s ba! mai b c lassi!it:d I Q lltll!li Qt km G.p1al from noo-CX11lroling in1eres1s 30,088 492,662 205,786

  Deferred tax assets - net 2,044,321 2,083,290 1,742,851 Total Non-current Liabilities 19,013, 65123.602,39523,144.218Unrealized gains (losses) on avaitable ·for-sale financialassets (230,850) 392,698 (27,492) Paymentsshort·term bank loans (18,345,447) (6,837,891) (3,805,066)

  TOTALLIABILITIES 38,233,092 48,709,933 45,803,053 Exchange diffe1ences on translation of financialsta1ements (184,997) 759,668 (32-4,233)

  Longerm investments 3,276,017 1,898,233 1,877,887 Shaieof other comprehensive income (losses) of associates,net ol tax 182,646 (173,187) (74,928)

  Payments of long,tenn oonk loans (5,829,462) (1,441,240) (1,109,732)

  Paymeols ci'IWds (1,475,112) (1,931,694) (1,246,821)

  P2)1Tl!(ts cl cagidwleros !rt Sulm!riesIOronrterests (489,601) (576,828! (487,811)

  Planlations EQUITY Fairvalue gains (losses) arisingfrom cash Howhedges {61,013) {129,548) 92,948 Paymeotsfiatily bJX)IChase of fixed assels (12,890) (12,461 (11,185) Capital stock - Rp 100 (hJlf amount) parvalue per share Other comprehensiveincome (losses) for the year,netof tax (282,601) 1 ,1 57, 846{363, 392) Purcliasetreasuy sl«k tit a Sutsi(151,903) (166,257)

  Matureplantations· nel 6,014,014 5,193,423 5,116,106

  Avthorized ·30,000,000,000 shares TOTAL COMPREHENSIVEINCOME FOR THE YEAR 4,984,305 4,867,3474,866,097 PaymeotslxlrrOlings to related parties (122,600)

  Industrial timber plantations,net 284,162 281,726 279,221

  Immature plantations 3,095,395 3,612,838 3,197,449 Issuedand fully paid - 8,780.426,500 shares 878,043 878,043 878,043 Prfflds from of Rtf,iahtxro; 11•net 1,989,645 Additional paid-incapnal 283,732 522,249 522,249 Income for the year attributable to : Paymeols {2, 340,000) Unrealizedgainsonavailable·for·sale financialassets 707,446 924,426 539,039 Equny holders of the parent entity 4,144,571 2,967,951 3,941,794 Net GashProvided by (Usedin) Rnanclng Activities (5,807,917)(140, 835) 1, 402, 739

  Fixed asse«s •net 25,701,913 25,096,342 21,982,095 Difference from changesin equity of Subsidiaries Non-controlling interests 1 ,122, 335741, 5501 ,287, 695

  Investment property 42,188 42,188

  and effects of transactions with non-controll ng interests 6,727,795 6,645,415 6,637,221 Total 5,266,906 3,709,501 5,229,489 NETEFFECT OFCHANGES INEXCHAllGE

  Exchange differences ontranslation of financialstatements 871,186 844,545 520,453 RATESOH CASHANO CASHEOUIVAlfNTS (118,668) 514, 733129, 645

  Deferredcharges -net 627,998 676,166 596,345 Reserve of disposal group classified as held for sale 627,333 387,359 Total comprehensive Income

  Goodwill

  3,976,524 3,976,524 3,976,524 Retained earnings for the year attributable to :

  Appropriated for general reserve 1 00, 000 95,000 90, 000 Equny holders of the parent entity 3,817,112 4,066,347 3,569,608

  NET INCREASE(DECREASE)INCASH AND CASH E-OUIVAUHTS 400,195 (1,078,394) 639,095

  Intangibleassets ·net

  2,329,997 2,628,235 2,761,473

  Unappropriated 1 9, 406, 084 1 6, 732, 340 1 5, 530, 036 Non-controllinginterests 1 ,167,193 801,000 1 ,296, 489

  CASHAND CASHEQUIVALENTS AT 8EGIN!ll!IG OFYEAR 12,962,041 14,040,435 13,518,710

  Long4erm prepayments 981,204 948,126 761,489 Equity Attributable to Equity Holdeis of the Parent Entity 28, 974, 28627,269,35125, 1 04, 400Total 4, 984, 3054,867,3474, 866, 097CASHANO CASHEQUIVALENTS AT ENDOF YEAR 13,362,236 12,962,041 14,157,805

  Othernon-(urrent assets 3,479,254 1,529,983 1,696,218 Non-controllinginteiests 14,967,137 15,852.,242 15,169,798 BASICEARNINGSPER SHARE FROMCONTIIIU!NG OPERATlOHS Cash andcashequivalents consist of:

  Total Non-current Assets 53,1 89,07249,014,78145, 063,124TOTALEQUITY 43,941,423 43,121,593 40,274,198 ATIA!BtrTABlETO EQUITY HOLDERS OF TliE PARENT ENTITY uOamount) 433293 379 Cashandcash eqilafen frcm (XXl tinuing oon 13,362,236 13,076,076 14,157,619

  Cashandcash eqilafents trcm dscountiu!d opirali117,370

  BASIC EARNINGS PER SHARE FROIIA OISCONTIHUEOOPEAATION Ovenhlt {114, 035) (117, 1 84) TOTAL ASSETS 82,174,515 91,831,526 86,077,251 TOTALLIABILITIES AND EQUITY 82,174,5 15 91, 831, 526 86,077, 251 ATTA!BtlTABlETO EQUITY HOLDERS OFTliE PAREtlT ENTITY uhmount) 394570llet 13,362;236 12,962,041 14,157,805

  Notes : 1. The financialinfonnation above is derived from the consolidated financial statements as of December 31,2016 and 101the year then ended,that have been audited by Public Accounting Firm Purwantono,Sungkoro & Sutja, whichintheir report dated March 20,2017 opined that the consolidated financial statements of Jakarta,March 24, 2017 PTlndofood Sukses Makmur Tok and its subsidiaries (collectively referred to as the 'Groupl present fairly,in allmaterial respects, theconsolidated financialposition of the Group as of December 31, 2016, and their consolidated financial performance and cash flows for the yrw then ended,inaccordance wi1h

  Indonesia Financial Accounting Standards.

• On Januasy 1,2016, the Group adopted all s1andards effective on that date. However,the adoptions of these standaids did not give significantimpact to the financial reporting of the Group. The Board of Directors

• Certain information such as consofidated statement of changes in equity and notes lo the consolidated financial statements are notincluded in theinfonnation presented above.

• The f01eign exchange rated usedat December 31, 2016.2015 and 2014 were Rp13,436, Rp13,795, and Rp12,440,respectively,to USS1.

PT INDOFOOD SUKSES MAKMURTbk