PT Tirta Bangun Nusantara

TBN is a joint venture between the Company and PT Enviro Nusantara, a company engaged in consultancy, operations and clean water supply and waste water treatment. This partnership was established in July 2012 and will give significant synergy to achieve the goals. Most of the business for TBN will be from the industrial sectors, from industrial estates, residential complexes, ports, oil and gas facilities, mining sites and commercial super blocks, with the remainingbusiness coming from municipal water companies (PDAM).

TBN had executed a Conditional Sale and Purchase Agreement dated 31st July, 2012 with PT Enviro Nusantara, whereby TBN agreed to acquire 28% of issued and paid up shares of PT Tirta Kencana Cahaya Mandiri (TKCM).