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"Prospectus Summary"

Growth forecast of construction industry sector by Business Monitor International stands at 10.3%, 10.1% and 9.2% for 2006, 2007 and 2008. (Construction industry mentioned here covers all sectors, including infrastructure).

In 2003, 2004 and 2005, based on internal analysis by the Company’s management, approximately 74.9% 76.9% and 71.7% respectively of the Company’s revenue was derived from repeat customers.

Based on internal analysis conducted by the Company’s management, in 2005, 2004 and 2003, only 12.2%, 3.7% and 3.3% of the Company’s revenues were derived from projects outside of Java, Bali and Kalimantan.

For illustrative purposes, the following table provides a breakdown of the Company’s construction revenue from construction projects as main contractor, joint operator and design and build projects based on an internal analysis by the Directors:

Project type	Company role	31 December 2003		31 December 2004		31 December 2005
Project type	Company role	Rp (m)	%	Rp (m)	%	Rp (m)	%
Pure	Main Contractor	462,295	60.9	493,466	46.1	959,195	83.0
Construction	Joint Operator*	1,879	0.2	7,946	0.7	6,264	0.5
Design and Build	Main Contractor	294,818	38.9	570,165	53.2	190,893	16.5
Total		758,992	100.0	1,071,577	100.0	1,156,351	100.0

* Represents Company revenue from billings to joint operation projects

For the full years ended 2003, 2004 and 2005, approximately 71.7%, 76.9% and 74.9%, respectively, of the revenue was derived from repeat customers (customers who have engaged the Company to construct more than one project between 2003 to 2005).

Dividend Policy
The new Shareholders in connection with this Global Offering shall have equal title and rights in all respects as the other Shareholders, including but not limited to, the right to receive dividend payment.

The Company intends to pay a cash dividend at least once every year. The amount of such dividend payment is directly linked to the consolidated net profit after-tax of the Company and its subsidiaries (if any) in that particular fiscal year, taking into account the Company’s financial condition and without prejudice to the rights of the Company’s Shareholders Meeting to determine otherwise in accordance with the provisions in the Company’s Articles of Associations. The Company’s Board of Directors intends to propose the payment of cash dividends to be based on the following:

Net profit after tax	Estimated percentage of cash dividend to net profit after tax
Up to Rp 50 billion	30%
More than Rp 50 billion and up to Rp 200 billion	40%
More than Rp 200 billion	50%

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