Overseas Regulatory Announcement: 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 period ended 31 March 2016, together with the relevant Consolidated Financial Statements in the newspaper format

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for a

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.

OVERSEAS REGULATORY 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 period ended 31 March 2016, together with the relevant Consolidated Financial Statements in the newspaper format.

Dated this the 29th day of April, 2016

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

Napoleon L. Nazareno

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

PRESS RELEASE For Immediate Release

INDOFOOD FINANCIAL RESULTS FOR THE PERIOD ENDED 31 MARCH 2016

• Consolidated net sales increased to Rp16.52 trillion

• Income from operations increased to Rp1.88 trillion

• Net income attributable to the equity holders of the parent entity increased significantly to Rp1.09 trillion

Jakarta, 29 April 2016 - PT lndofood Sukses Makmur Tbk ("lndofood" or the "Company") today announced its financial results for the period ended 31 March 2016. Consolidated net sales grew 10.0% to Rp16.52 trillion from Rp15.02 trillion in the same period last year. The Company's Strategic Business Groups ("Group") namely Consumer Branded Products ("CBP"), Bogasari,Agribusiness, and Distribution Group contributed around 52%, 24%, 16% and 8% respectively .

Income from operations increased 7.4% to Rp1.88 trillion from Rp1.75 trillion, while operating margin slightly declined to 11.4%. Income for the period attributable to the equity holders of the parent entity increased 24.8% to Rp1.09 trillion from Rp870.1 billion and net margin improved to 6.6% from 5.8%. Core profit declined 3.1% to Rp1.02 trillion from Rp1.05 trillion.

Anthoni Salim, the President Director and Chief Executive Officer of lndofood, said: "We are pleased to have started the year with positive performance despite the impact of weak commodity prices. We will continue to capitalize on the strength of our business model to face challenges and capture opportunities in 2016 to pursue sustainable growth."

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PT IND FOOD SUKSES MAKMUR Tbk

Sudirman Plaza

lndofood Tower. 25'" Floor

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

T. +6221 5795 8822

F. +6221 5793 7373

www.indofood.com

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 five 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 products, 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.

• Cultivation & Processed Vegetables

The Group manages an integrated demand-driven operation with wide-ranging cultivation and processing capabilities, and produces branded products.

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.i d

2

PT IND(@FOOD SUKSES MAKMUR Tbk

ANDITS SUBSIDIARIES

SUDIAMAN PLAZA. INDOFOODTOWER. 271h Floor, Ja an Jeod&rID SUdirman Kav. 76,78, Jakana 1281oINDONESIA

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CONSOLIDATED STATEMENr'OF FINANCIA POSmoN'

As o1March31,30t6 .. '

• (xpHsedInMillions o(U l nHsOth lse Stated) '...

  Phono :( 62 •21 I 57958922 Fa, :( 62 ·21) 57935960

  CONSOUOAT_EOfaJATEMEliT OFPROmOR LOSSAND otileR COMPREHENSIVE COME

  • . '.,f .fr t'1eThree Months Pe OEnded Marc.h3 2016 (Expressed InMllllons·of Rup ah,Un ess Othe,wlse Slated)

IUnaudltedl

www.lndofood.com

CONSOLIDATEDSTA MENT OFCASHFLOWS-'

For theThree'.Months 11erlodYear Ended March 31,2016 (Express.ajn Miiiions of Ruelah,Un e Otherwise Stated)

, (Unaudited) ,

--------

ASSETS M1rch31, 2011 o-a1,ms LIAB LITIES AND EQUITY U..uchll, 2016 o.c.mwa1,201s

----

CURRENT ASSETS LIABILITIES COtfTINUINGOPERATIONS

2011

(ThrMllntfls)

2015

{Threellonth1}

2016 2015

(rivetMooth1) in,,..u.nt,)

Cash and cash equivalents 12,968,748 13,076,076 CURRENT LIABILITIES NETSALES

16,515,754 151021,122

CASH FLOWS FROMOPERATING ACTIVITIES

Short-terminvestments 944,434 1,090,607

Short·term bank loans and overdJaft S,797 931 5,971,569 COSTOFGOODS SOLD

Trust receiptspayable 1,175,334 1,747,575 GROSS PROFIT

11,901,597 --1.9..lli.lli.

4,614,157 41107,956

Casl'I rf'C:EWed from customers 16,183,390 14,545,219

Accounts receivable Ttado payable,

castlpalloo,1.!Jl)liers (9,965,145) (8,710,875)

Trade

Thirdparties

2,666,961 3,080,946 Selling and distlbrtionexp,nses

(1,859,309) (1682,672)

Paymenufo!prodUc:tionaitdope,a:iYJe,penses(4,227,023) (3,974,478)

Related parties 528,437 503,958 Genetal and adrrn:sUalive e.xpenses

Third parties • net 3,987,232 3,522,553 Otherpayables anddeposi1 received •rnrdpanies 1,620,973 1,589,255 Oltler operalingilcome

(863,009) (809,815)

136,567 232,975

PaymenulOes (1, 264,842)

cashgenerated om opera1ions 860,067 595,024

Rel01ed par1ies 656,141 733,261

Aoctued expenses 1,742,133 2,137,256 O!tler operatng expenses

Sholt·term enl)loyee benefits liabilify 937,917 684,417 INCOME FROMOPERATIONS

8 :ss I ,1d,§2 I

R9¢e9tsof inlerest Mme 148,781 186,512 Payrnenuol axes-net

Non-todo Taxes payable 875,464352,910

(152,906) (304,232)

Paymellterest e;rpenses. (403,936) (328,400)

Thirdpar1ies 483,951 458,089

Current matu esof long-term debts

F"11ance income

338,367 1861253

Oiherlreco¢(pa)/menl·M! _J2.1..!lQL

Bankloans 2,974,670 2,949,803 F"11ance expellSes

Reated pal1ies 319,143 402,707 Liabilityfoe purchases of fixed assets 12,772 42,942 Sel'ln"lo$sesolassociates

(408,135) (767,596)

(78,442)

Net cash Provided byOl)fflUng AcUvtlles 43 0 886 276,982

Inventories· ne1 7875,110 7627,360 Uabiities directly associatedwith dispoW groupdass.ified asheld for sale 4,823,959 6,046.887 INCOME BEFOREINCOMET

EXPENSE

Adwnces:inddeposits 1,036,865 809,685 Total Current Uabtlities 23, 1 57, 55125, 1 07, 538111Ta,E,pense

l:t.

1,730,678 1,098,046

(320,969)

CASHFLOWS FROMINVESTIIIGACTIVITIES

Proceedsfromsale of fixeda.MEits 9,142 5,026

Prel)aid taxes 353,799 302,105 INCOMEFOR THE PERIODFROII

Fllture aop expenditures 212,724 165,308 NON.CURRENTLIABILITIES CONTINU NGOPERATIONS

Prepaid upens&s. and other current assets 338,960 253,910 Long.term debts ·net ofcurrent maturities

1,262,446 IIL9!!_

Ind.,..,

Additir)ns fited8$SelS l!tldplanta!iom (1,319,112) (929,819)

P')ffl&nl.Sof a6'arces lot pjec,s :rd (95,989) (262,724)

Acquis ionol•S,t"'1 ofcoshaoQIKed (54,992)

Asse1s of disposal group classified .is held for sale 1 3521, 771 1 4375, 084 Bank loans

13,827,193

12,889,330

ft1@WB yueoOPERATION

lrwestmert inaMOcia!es

(238,454)

Bondspaynbre 3,990,247 3,989,156

TotalCurren!Assets 42,698,878 42,816745 Liability tor purchases of fited assets

TH I

EPER ODFROI

A DISCONTINUED OPERATION

Capilalizerlturoreconeaopsexpend'ii,es (27,914) (33,086)

Addibw sho1Hem1 irwe.stmen1s '

Total long-term debts 17832,324 16,893,952 INCOMEFOR THE PER OD

Oefer,ed tax iabiities- net 1,461,404 1,518,833 Other comp,eli"'s!vt ncome(lo,,..)

NON·CURRENT ASSETS Due 10related parties 460,434 338,848 het!1$th3'droibereclassifledto=ss:

Claims fo, tax 1efund 261,934 261 934 LI.abiities lor eoyee benefms 4887,902 4,n5,806 ke·measur&mffl pns [liiesiof e ·bendtbbllies

Oefenedtax assets ·net 2,193,889 2,083 280 ---

Estimatedliabilities forassets cllsmanUiog costs 74,956 Sha:eolotherMN!bs.ses, ofw: Plasma receivab!es ·net 812,331 785773 TotalNon-Current Uabititles 24 728,338 23, 602,395 =:J:e !r:.btfinatdalassets

12 874 15j4S1

(3,080)

!144,992) 140,204

Net(:a$hUsed Inlrwesting Acllvitles (1,488, 8651 (ff ,540,042)

CASHFLOWSFROMFINANCING ACTIVITIES

Proceolfslromsl'ort eimbankloans 3,155,783 1340,384

P,or:eecfstom ioog l8nnbank loans 1,755,804 206,nO

Proceed3.of long,!erm borrowi'lgs from related p311ies 121,640 129,000

-.aJc,pialeoo1nsl m

non-coB:roti,gsharehokfers·to &Jb$1diarles 1,038 2,887

long·terminvestments

1,898 233

1821,092 TOTAL LIABILmES 47885,889 48709 933 Exdlar9e o,o:ans!alion finallciaJ ""'""""'

Shi:eolothernsivtllOXN!olassocia!es ,ne1

106,449) 109,835

8,965

Payments 01 short·termbriloans (3,281,658) (1,481,585)

Paymentsot iottg{e,mbankloans (620,749) (267,328)

Plontotions Farvaioogains(lo"'t"""lltromca,Jir..=

Mature ptantdons - net 5,400,437 5,193,423

OlherCOllll)l,C"1le0....,)l«lhe ,netollaX ( )

EQUTY TOTALCOMPREHENSIVEINCOME FOilTHEPERICO

filllil

Purcllaseof treasury Sloe!by a ijia,y (89,733)

Payments olSt..wl!ariesio

Immature p(anl.o.tions 3,485,755 3,612, Copitalstock· RplOO (fullamount) pa,value persha!e

n::ingrlterests

Industrial timber plantations,net

282,471 281726 Authoriled •30000,000,000 shares

Income for u, pe,lod 11111butableto:

NelCash Provicfed by(Used n)Flnanclog AC11,iieo

1,131,858

lswed andfully paid·8,780,426,500 shares 878,043 878,043 Equily1>o1:1er,of !liepa,ent ent

Fixedassets • net 25 743,871 25,096,342 Additional paid-in,capital 522,249522,249 Non-controingi'ltMeslS

1,085,540 870,081

NETEFFECTSOF CHANGES NEXCl!ANGE

Investmentproperty 42,188 42,188 Unreailzed gains onavalable,for·sate tinanc:i.al assets 780,954 924426

Oifferer.::e lromchanges inequity of Subskiaries

Tola!

1 1363,230 .........i;;;.;

RATESONCASli ANO CASH EQUIVALEtfTS

Delerred ch.o.rges • net 659,236 676,166 and effects oltransactions with nol'I-COntroning interests 6654,300 6,645 415 TOlal comprehenslve income

Goodwill 3,976,524 3,976,524 Exchangedlfle,el'ICes ontrans1ation of financial statements 731,456 844,545

f0t lhepe,lodltttlbbleto :

Equily hol:ler,of liltpa,ent elllily

963,196 11051,431

NETDECREASEIN CASH DCASHEQUIVALENTS (97,678) (1,180,611)

lnto.ngibl& a.sse1s • ne1

2,594,926 2,628,235 ReseNeofdisposal groupclassified as heklfor sale 759,126 627,333 Non-controlfing interes3

Relained earnings Tel

,,,§M

CASHAOCASHEQUIVALENTSATBEGI ININGOFPERIOO 12,962,041 14,040,435

Long·term prepayments 979,313 948,126 Appropriated fOl gene-ta! tese,ve 95,000 95,000

Ofuer nort-current .o.ssets 1,407,968 1,528,983 UnaJlPprialed 17,821, 6361 6 732, 340

Equty Anslbutable 10 Equity Holdersof the Parent Enijty 28,242,764 27,269,351

BA!ICEA!IMNGS PEASIWEfllOIICOHTINl.lli(i OPERATICffi

CASHANOCASHEOOIVALENTSAT ENO OFPERIOD 12,864,363

Total Non-Current Assets

49,661,935 49,014,781

ATIIIISUTA BLETOEWTTl!OIDEAS tiTHEPAIIEllTOOlTT

Non-controUlnglntere.slS 1 6,232,1 60 1 5,852,242 lfltlllffiOll1)

TOTALEQUITY 44,474, 92443,121,593 BASIC EARMNGS PERSIWIEfllOIIACISOOtffil«IEOOPERATiaf ATIIIIBUTA8LETOEWTTl!OIDEAS tiTHEPAIIEIH 00JTT

-1!!,.. 79 !:asharidushequtvalents consJst ol:

Co,handeqi;,.,...,. from cortinuingoperation

O,erdral

TOTAL ASSETS

-92,360,81-3-91831526 TOTAL LIABILITIESANO EQUITY lfltllr.M)

20 Uet

""'"'IIIS

Notes:I.The inal'dalirr 0tmatioo a,ol andlorlheilv.. period eojeaMarr:h3 1,2016ard201Sis 111mted.

2. Thel:rtattcialirrlonnatiooa,ollle31,2015i,defflf!d onuheconsoi1eclfinarDecember 31,2015 andlotheyear !henended,tllalhave beonaooledbyPtt>lic AocoorFinnF'ur.l'al(OIIO,So,o & s..;a.wtir:h irr !herreponda:ed Matti> 23.2016opined illat Illeconsolilatedfnancals1a1emertsol

PTlndolood&lMllirmtJ !bitandobskhlies preseni faitl)',irr allma,e,ialrespect liteooosolija,ed "1arof lite Grrx.pasof December 31,2015.ardtllei consokla,ed mardal perfoirnanr:o and C3"1Ila"'lor !heyoa, then e,,ded,irr acc0ft'tanelalAccourting SlandMds.

3. Certantiforma1ion suchas consoidal.e:l statement olcif18(JMY and no(es to theconsoli::l:aed hndalstatemenis arenot irdooedInlhei,formalion pres811led above.

4. The loreign e,change riesused March 31,2016and December 31,2015 wereRp 3)76and 1'913,795,respealYely,IO USSI.

Jak.irta,IAprlt 29,2016

The Boal'd of Directors

PT INDOFOOD SUKSES MAKMUR.Tbk