Matahari Department Store: Meadow announces tender offer at Rp2,706/share (LPPF, Rp2,450)

• In its announcement today, Meadow Indonesia states that it is offering to buy 2% of public share on MDS at Rp2,706/share, 10.4% premium compared to last closing price of Rp2,450 a share. This tender offer is due to Meadow Asia acquisition over MDS with a 98% stake in MDS.

• The effective date of this offer is at 6 May 2010 with tender offer period on 7 –
14 May 2010 and payment on 20 May 2010.