MNC HAS CONVENED 2009 AGMS AND EGMS
2010 - Jakarta, 27 Apr 2010

PT Media Nusantara Citra Tbk (MNC or the Company) has convened an Annual General Meeting of Shareholders (AGMS) today to report on the financial statements for the year ended December 31, 2009.

The AGMS has resolved various agenda, among others:

1. Approved and ratified the 2009 financial statements.
2. Granted the Board of Commissioners and Board of Directors full release and discharged (acquit et de charge) from their operational and supervisory duties conducted during the financial year ended December 31, 2009.
3. The AGMS has also approved the appropriation of the Company’s net income to be distributed as cash dividend of Rp7 per share, equal to Rp96.25 billion. The remaining balance to be recorded as retained earnings to strengthen the capital of the Company.
4. The AGMS has also approved the resignation of Mr. Sutanto Hartono as the Director and appointed Ms. Nana Puspa Dewi as the new Director.

On the same day, MNC also held an Extraordinary General Meeting of Shareholders that approved to grant the authority to the Board of Commissioners to issue new shares to execute the EMSOP as an appreciation of the Company to the dedicated employees and Management.

2009 Performance

MNC still has recorded consolidated revenues of Rp3.9 trillion for the fiscal year 2009. MNC also recorded positive figures for operating income, EBITDA and net income of Rp607 billion, Rp773 billion and Rp386 billion respectively.

Important achievements in 2009 include as follows:

1. RCTI has consistently retained its number one position in terms of revenues, coverage area and has captured an average of audience share of 18% - 20%. Global TV's average audience share has increased from 6% in 2008 to 8% in 2009. Collectively, total audience share of our three TVs has increased from 32% in 2008 to 35% in 2009.
2. Seputar Indonesia has the second largest readership in Jakarta and the third largest in Indonesia.
3. In addition to the exclusive broadcast of Nickelodeon and MTV, MNC has inked an agreement with The Walt Disney Company to exclusively air Disney’s programs such as Disney movies, kids and family on RCTI, TPI, and Global TV.
4. MNC and five other well-known media companies in South East Asia have announced its commitment to form an alliance called “Smart Alliance” to create and deliver commercial benefits to its members.
5. Development of local TV network through SUN TV in all Nielsen cities and other major cities.

First Quarter - 2010 Performance

First quarter EBITDA in 2010 surged by 82%.

Revenues at the end of first quarter 2010 (Q1 2010) was up by 16% to Rp1.01 trillion from Rp877 billion as compared to the end of first quarter 2009 (Q1 2009). This was mainly due to the rise in advertising revenues of RCTI (revenues increased by 37% y-o-y), improved performance from TPI among others in the form of the rise in average audience share during Q1 2010 which has boosted revenues by 25% y-o-y. Global TV's expanded target audience from ABC kids and teenager to include young families and professionals has lifted its revenues by 43% y-o-y. Seputar Indonesia's revenue has also increased by12% y-o-y from Rp29.9 billion in Q1 2009 to Rp33.4 billion in Q1 2010.

Operating income has soared by 105% from Rp139 billion as at Q1 2009 to Rp285 billion as at Q1 2010.  EBITDA also surged by 82% from Rp181 billion as at Q1 2009 to Rp329 billion as at Q1 2010. The improvements were due to the significant increase in revenues coupled with steady operating expenses in Q1 2010. Hence, EBITDA margin was also up from 21% as at Q1 2009 to 32% as at Q1 2010.

Net income jumped by 191% from Rp66 billion as at Q1 2009 to Rp192 billion as at Q1 2010.

Figure 1 : Performance Results per 31 March 2009 & 2010

Significant events in the first quarter of 2010 were as follows:

1. In early 2010, MNC acquired Letang game Ltd. which will bolster the variety of products offered by Linktone Ltd. in the on-line PC and mobile games.
2. Moreover, in March 2010, MNC Group has acquired 75% shares of InnoForm Media Pte. Ltd. for the purpose of strengthening the content distribution of the MNC Group.

We strongly believe that MNC should deliver an exceptionally strong performance in 2010 given the superior performance in the first quarter of 2010 and supported by strong growth in advertising spending through a robust economic growth in Indonesia and globally.