The following is a statement from PT Indofood CB Sukses Makmur (IDX:INDF).

(Insider Stories) - PT Indofood CBP Sukses Makmur Tbk (the “Company”) today announced that PT Asahi Indofood Beverage Makmur (“AIBM") and PT indofood Asahi Sukses Beverage (“IASB”), joint venture companies between the Company and Asahi Group Holdings
Southeast Asia Pte. Ltd., a Singapore-based wholly-owned subsidiary of Tokyo-based Asahi Group Holdings, Ltd. (collectively, “Asahi") for non-alcoholic beverage businesses in Indonesia, have completed the acquisition of PT Pepsi-Cola Indobeverages, which subject to the approval of relevant authority has changed its name to PT Prima Cahaya Indobeverages.

AIBM and IASB acquired 264,113,930 shares and 15,000 shares of PCIB, respectively. The acquisition price is US$30,000,000 and will be financed by internal cash.

PCIB engages in manufacturing, marketing and distributing exclusively non-alcoholic beverage products under PepsiCo brands, including Pepsi, 7-Up and Tropicana Twister in indonesia. In addition, PCiB also engages in manufacturing, marketing and distribution of its own brands such as “Fruitamin” (fruit juice drink) and “Tekita" (RTD tea beverage).

About PT Indofood CBP Sukses Makmur Tbk

PT Indofood CBP Sukses Makmur Tbk (IDX : ICBP) is an established and leading packaged food company in Indonesia. ICBP was established as a separate entity in September 2009 and listed on the indonesia Stock Exchange  on 7 October 2010. It was established by means of internal restructuring of the Consumer Branded Product (“CBP”) Group of PT Indofood Sukses Makmur
Tbk (“|ndotood"), the parent company, listed on IDX since 1994. Through internal restructuring, the entire business operations ot lndotood’s CBP Group, comprising noodles, dairy, snack foods, food seasonings, nutrition & special foods, as well as biscuits (previously under Bogasari Group) were transferred to ICBP. ln 2012, the Company established two joint venture companies with Asahi
Group Holdings Southeast Asia Pte. I_td. to enter into non-alcoholic beverage market in indonesia.

ICBP brands are among the strongest brands with the most significant mindshare in Indonesia for consumer food products. ICBF’ principal brands include a variety of brands of instant noodles (lndomie, Supermi, Sarimi, Sakura, Pop Mie, Mi Telur Cap 3 Ayam and Pop Bihun), dairy products (Indomilk, Cap Enaak, Indoeskrim and Orchid Butter), snack foods (Chitato, Qteia and Trenz), food
seasonings (Sambal indofood, Sirup Indofood Freiss and Bumbu Racik Indofood), as well as nutrition and special foods products (Promina and SUN).

ICBF’ operations are also supported by the Packaging Division.