Jakarta, Indonesia, 29 September 2010 - Publicly listed consumer electronic trading and retail distribution company PT Agis Tbk ("Agis" or the "Company") has successfully signed a MOU with a US$ 3.4 billion Swiss-based alternative investment firm Global Emerging Markets ("GEM"). In line with Agis's plan to diversify into other prospective industries, GEM has agreed to financially back up Agis's plans to invest in natural resources businesses in Indonesia.

Under this MOU, GEM has committed to provide Agis up to an aggregate amount of USD 150 million of capital which will be utilized to acquire majority stakes in prospective mining assets and operations in Indonesia. In the next few weeks, Agis shall endeavor to craft and execute the definitive agreements with the targeted company.

On a separate note and in accordance to an Investment Agreement ("ELC") executed between GEM and the Company on 23 April 2010, the Company is also pleased to announce that it has successfully executed its first Draw Down pursuant to the ELC.

Under the Investment Agreement, GEM has committed to subscribe to Agis's shares up to an aggregate subscription value of IDR 200 billion. The Companyspecifies and controls the amountand timing of any investment by issuing a series of draw down notices in its sole discretion. Additionally, the ELC provides GEM with the ability to exercise warrants that, if exercised, convert into 1 billion shares of common stock of the Company. If fully exercised, the Company would receive additional funding of at least IDR 125 billion, providing the Company with a total of IDR 325 billion of fresh capital.

The Company has plans to draw down on the ELC further in the short term. This is expected to further strengthen the Company's cash flow and allowing it to pursue immediate expansion and execution of aggressive sales programs

About Agis
Agis (IDX code: TMPI), www.agis.co.id, was founded more than 30 years ago as the exclusive manufacturer and distributor of Sony products in Indonesia. Today, Agis is a fully integrated consumer electronics company with over 500 employees. It not only continues to represent Sony in Indonesia but other brands as well. Its consumer electronics distribution network spans more than 1,000 independent retail shops all over Indonesia. Its owned retail chain covers more than 4,000 sqm of display space in four major malls and is the only retail chain that offers its own product warranty, nationwide delivery service, and product insurance. It also own one of the biggest after-sale service network that spans more than 25 service centers throughout the archipelago.

About GEM Group
Global Emerging Markets Limited, www.gemny.com, was founded in 1991. GEM is a $3.4b investment group having completed 285 transactions in 60 countries. The firm is an alternative investment group that manages a diverse set of investment vehicles across the world. GEM's funds include: CITIC/GEM Fund; VC Bank/GEM Mena Fund; Kinderhook; GEM Global Yield Fund; GEM India and Banco Pine/GEM Funds.