In Asia Copyright © First Pacific Company Limited 7 July 2020

Proposed Acquisition of Pinehill Company by Indofood CBP, A Subsidiary of Indofood

Argyle Street Management Limited Independent Third Relative of Anthoni Salim (Hong Kong-based asset manager, Parties Mr. Salim Beneficial Owner of Steele Lake) 49% 42.7% 8.3% 100%

Pinehill Corpora Limited Steele Lake Limited (Affiliated) Seller (Non-Affiliated) Seller

51% 49%

Pinehill Company Limited (Target Company, “Pinehill Group”)

59% 59% 59% 100%

Salim Wazaran Group Limited Salim Wazaran Gida Sanayi Pinehill Arabia Food Limited Platinum Stream Profits “SAWAZ” (Egypt, Kenya, ve Yatirim Anonim Sirketi Serbia, Morocco) “PAFL” (Saudi Arabia) Limited

80% 49%

Adkoturk Gida Sanayi ve DUFIL Prima Plc “DUFIL” Ticaret Limited Sirketi (Nigeria, Ghana) “Adkoturk” (Turkey)

The four main Pinehill Group noodle makers. 2 Note: FPC Chairman A. Salim has a 25% economic interest in Pinehill. Pinehill Group Brings Continental Scale

Four Companies In Eight Markets Serving 550 mln People

DUFIL Pinehill Arabia Food (PAFL)

Production2.8 from:x 4.9 1995 Production2.8 from:x 4.9 1995 2019 Sales: 4,062 mln 2019 Sales: 1,779 mln Population:13.4 x 5.0237 mln Population:19.2 x 5.035 mln

SAWAZ Adkoturk Home markets Production4.2 from:x 4.9 2010 Production2.8 from:x 4.9 2015 Neighboring markets 2019 Sales: 1,550 mln 2019 Sales: 211 mln Population:13.4 x 8.2195 mln Population:19.2 x 8.284 mln

Export markets bring total population to 885 million potential consumers

Note: Sales are in units of 70g equivalent packs while “production from” refers to first factory operation. Sources: Company data, International Monetary Fund.

3 A Rare & Compelling Opportunity

o Pinehill acquisition seen as earnings and value enhancing from the first year after financing costs o Indonesian independent valuer KJPP concluded that the acquisition would increase ICBP’s revenue and net profit up to 20% per year on average o The profit guarantee by the Sellers would have raised the pro forma recurring profit of the enlarged First Pacific Group to US$313.5 million vs. US$290.0 million in 2019, according to the Pinehill transaction circular o With an average consumption of instant noodles per capita that is still very low, the rapid growth in Pinehill’s markets is expected to continue in the foreseeable future. Thus, the acquisition of the Pinehill Group is expected to contribute to the future growth of ICBP and, indirectly, First Pacific o The acquisition represents a “turn-key” entry into fast-growing markets with dominant market share in every case, nearly quadrupling ICBP’s customer base o ICBP would become a global company with a diversified geography o The transaction would be in line with ICBP’s current business and its core Indomie brand

4 Integration Is Already Deep

o ICBP's provision of technical services in connection with the instant noodles manufacturing operation ensures that equipment and machinery used in instant noodle production at Pinehill factories are sourced from the same suppliers as the equipment and machinery used at ICBP’s 18 noodle plants in Indonesia and Malaysia o Procedures and policies are modelled on those at ICBP, to ensure good manufacturing processes of the Pinehill Group and consistency for the Indomie brand o ICBP's technical services to Pinehill gives ICBP an intimate knowledge of Pinehill’s operations and confidence that integration with ICBP poses little risk o Following the acquisition of Pinehill, ICBP plans to further deepen integration of Pinehill into ICBP’s operational and financial management with cost savings and further synergies to follow o Pinehill distribution networks are ready to take on additional ICBP products, all of which are Halal, meeting the needs of 885 million new consumers o ICBP supplies flavorings and packaging to Pinehill, giving ICBP deep understanding of Pinehill’s markets and makes ICBP well placed to drive expansion into new flavors and product categories, and into new demographic and geographic markets

5 Transaction Valuation

o Valuation of US$2.998 billion at control premium P/E multiple of 23x o The sale terms of the transaction were established by ICBP on an arms-length basis using P/E multiples of similar companies in similar food businesses in similar markets (six in Middle East/Africa and five in Southeast Asia), taking into account the control premium o Somerley Capital, the Independent Financial Advisor to FPC independent shareholders and First Pacific’s Independent Board Committee, considers this valuation as “fair and reasonable” following comparison with 10 other listed companies that derive at least half their revenues from instant noodles (see next slide) o The IFA analysis concluded that the 23x P/E multiple for the valuation of Pinehill is lower than the average P/E ratio of the 10 compared noodle makers (26.23x) o Indonesian independent valuer KJPP Rengganis, Hamid & Rekan used the discounted cash flow method for valuing Pinehill at US$2.863 billion as of 31 December 2019 and concluded that the proposed acquisition is “fair” o Deutsche Bank AG Hong Kong Branch prepared a valuation analysis using discounted cash flow analysis, comparable companies’ trading valuations and precedent comparable transactions and concluded that the purchase consideration is “fair and reasonable” from a financial point of view as of 18 May 2020 (slide 8)

Note: See https://www.indofoodcbp.com/uploads/shareholder/Info%20Memo%20Eng%20Complete%20(Execution).pdf for ICBP’s information memorandum to shareholders relating to this transaction. First Pacific’s transaction circular is at https://www.firstpacific.com/media/normal/16337_2020062200359.pdf. 6 IFA Valuation vs. Other Noodle Makers

(USD mln4) Company Name Ticker Market Cap1 Net Profit2 P/E Ratio2 Toyo Suisan Kaisha Ltd. TYO: 2875 6,010 218 27.60 Nissin Foods Holdings Co. Ltd. TYO: 2897 9,126 273 33.42 NongShim Co. Ltd. KRX: 004370 1,880 59 32.13 Samyang Foods Co. Ltd. KRX: 003230 851 49 17.33 Nestlé Nigeria PLC3 LAG: NESTLE 2,242 118 18.99 Flour Mills of Nigeria PLC3 LAG: FLOURMILL 216 11 20.36 Nissin Foods Company Limited 1475.HK 851 32 26.46 Thai President Foods Public Company Limited BKK: TFMAMA 2,101 126 16.64 PT Indofood CBP Sukses Makmur Tbk. IDX: ICBP 7,455 360 20.71 Nestlé (Malaysia) Berhad3 KLSE: 4707 7,639 157 48.61

Notes: Average 26.23 1) The market capitalization of the Comparable Companies is calculated based on their respective closing price per share and Median 23.58 number of issued shares as at the Latest Practicable Date. 2) P/E Ratios of the Comparable Companies are calculated based on the profit attributable to owners of the relevant Maximum 48.61 Comparable Companies as published in their respective latest financial reports and the respective market capitalization as Minimum 16.64 at the Latest Practicable Date. 3) Sales of instant noodles products were not separately disclosed in the respective annual reports however, were grouped under a segment which represented over 50% of their respective total revenue for the year. As such, for prudent sake, we have included these companies in our analysis. 4) The figures above denote the US$ equivalent amounts as translated from their original currencies. Source: Letter from the Independent Financial Advisor, pp. 70-1 of transaction circular.

7 Deutsche Bank Valuation for ICBP

Deutsche Bank is of the opinion that Pinehill has, in aggregate, a range of equity values between US$2.9 billion and US$3.6 billion as at 18 May 2020.

Equity Value Valuation Methodology (USD bln) Comments

Discounted Cash Flow Analysis 2.9-3.6 Financial projecons were based on the business plan prepared by Pinehill

Trading Comparables 2.4-3.9 Valuaon range based on EV/2020E EBITDA, EV/2021E EBITDA, 2020E P/E and 2021E P/E mulples for comparable companies

Precedent Comparable Transactions 2.5-3.5 Valuaon range based on EV/LTM EBITDA mulples for comparable transacons Notes: The high end of the trading comparables valuation range includes a 20% control premium while the low end excludes a control premium. Valuation of the business is performed in local currency and converted to USD at the respective USD:LCY spot rates as of 18 May 2020 for illustrative purposes.

8 Significant De-Risking o The Sellers guarantee a minimum average annual level of audited net profit after tax of US$128.5 million for 2020-2021 o ICBP would pay just US$2.35 billion initially, holding back US$650 million until the earnings guarantee for average audited net profit after tax for the two years 2020-2021 is confirmed o Under the terms of the guarantee, an earnings shortfall above 5% of the guarantee would result in a price reduction under a formula returning 23 times the shortfall to ICBP o There is no allowance for upward price adjustment on higher earnings, and no floor on potential price adjustment downwards (up to and beyond the retained US$650 million) o Pinehill Group has zero bank debt o ICBP is currently in a net-cash position and will finance the purchase with US$300 million in cash and the remaining US$2,048 million in borrowings with anticipated gearing of 0.55x following the transaction o Borrowings will have no recourse to First Pacific or Indofood o The Pinehill Group began a quarter-century ago and is well established in its fast-growing markets and has been closely integrated with noodle production plants and processes nearly identical or similar to ICBP’s o All key management will remain with Pinehill following the acquisition o Partnership with Tolaram Group and Kellogg in DUFIL and with Wazaran Group in PAFL and SAWAZ will continue unchanged

9 Governance

o The proposed transaction has been extensively reviewed by First Pacific’s Independent Board Committee, composed of all five Independent Non-Executive Directors o Non-Executive Directors Anthoni Salim, beneficial owner of 25% economic interest in Pinehill, and Axton Salim recused themselves from discussion of the transaction o An Independent Financial Advisor, Somerley Capital Limited, advised the Independent Board Committee and independent shareholders o The Independent Board Committee met two times in session, culminating in approval of the Pinehill transaction o Independent shareholders of First Pacific alone will vote on the transaction at a Special General Meeting to be held on 17 July 2020 o The transaction would permanently eliminate substantial recurring connected party transactions in the Noodles business with the Salim Group by Indofood Group, enhancing corporate governance reputation at First Pacific

10 The Importance of Noodles To First Pacific

Noodles is the Driver of Contribution Growth 2019 EBIT (USD mln) o Noodles contributed about 84% of EBIT at ICBP and 64% at 1,000 819 Indofood in 2019 22% 800 o Noodles contributed 60% of sales growth on average in 673 every year 2010-2019 600 o Pinehill Group noodle sales would immediately add significantly to ICBP’s annual sales of Instant Noodles 400

o Indofood pays 50% of net profit as dividends to 200 shareholders o Via FPC’s 50.1% stake in Indofood and Indofood’s 80% 0 stake in ICBP, First Pacific would receive as dividends Indofood Alone Indofood & Pinehill approximately 20% of all net profit contribution delivered Consumer Branded Products Bogasari by Pinehill to ICBP Agribusiness Distribution Pinehill The Potential for Growth Is Enormous o ICBP’s Noodles business has a market share of around 70% 2019 Core Income (USD mln) domestically and consumption per capita (CPC) of 50 packs 500 a year 450 22% 424 400 o Pinehill companies dominate their markets, with market 346 350 share ranging from 65% in Turkey to 95% in Saudi Arabia 300 and overall consumption per capita of 12 packs per year – 250 less than ¼ of ICBP’s CPC in Indonesia 200 o Growth will come from more people eating noodles and 150 from eating them more frequently in new and expanded 100 Pinehill markets 50 o 0 ICBP sees a doubling of overall noodle sales over the next Indofood Alone Indofood & Pinehill five years counting all markets, domestic and overseas o Pinehill’s distribution systems are ideal for further ICBP Indofood Core Income Pinehill Core Income products from Dairy, Snack Foods and other businesses 11 Strong Sales and Margins

Earnings 2017-2019 (USD mln)

2017 2018 2019 CAGR Net Sales 335 391 534 26.3% Gross Proﬁt 131 148 228 32.0% Income from Operaon (EBIT) 59 85 146 56.8% Core Proﬁt* 56 55 78 18.2%

Gross Proﬁt Margin 39.1% 37.8% 42.8% EBIT Margin 17.7% 21.8% 27.3% Net Proﬁt Margin 13.9% 10.7% 8.1%

*Core profit reflects the income for the year attributable to the company excluding the effects of foreign exchange differences, and loan interest expenses of the head office.

12 Consistent Revenue Growth

Total revenue from instant noodles and related products (USD mln) YTD April Market 2017 2018 2019 CAGR 2019 2020 Change Saudi Arabia 254 249 319 12.1% 100 129 30% Egypt 54 86 136 58.9% 39 38 -5% Turkey 15 33 45 71.1% 11 17 49% Serbia 6 9 15 61.3% 4 7 65% Morocco 5 8 12 55.3% 4 6 25% Kenya 6 9 11 30.0% 3 4 39%

Total Pinehill Consolidated 335 391 534 26.3% 162 200 24%

DUFIL (Nigeria & Ghana) 477 573 578 10.1% 188 184 -2%

Note: Sales by DUFIL, 49%-owned by Pinehill, also include palm oil, flour, pasta, snacks, and flexible packaging. Source: ICBP.

13 Snapshot of Pinehill Volumes & Market Penetration

First Factory Domestic Market Data 2019 Company NameCompanyHome Name MarketHomeEstablished Market Sales Vol.1 SalesVolume Vol. CAGR1 Volume2 CAGR3 Population (mln) Market Share CPC3 DUFIL Nigeria, Ghana 1995 4,062 22% 22% 231 81% 17.6 PAFL Saudi Arabia 1995 1,779 34 95% 20.3 SAWAZ Egypt 2010 1,256 99 80% 12.7 Kenya 2014 92 49 74% 1.7 21% 21% Serbia 2016 125 7 74% 4.1 Morocco 2017 77 36 77% 1.4 SAWAZ Gida Turkey 2015 211 83 65% 2.5

Total Pinehill Eight Total 7,602 21% 21% 539 11.8

1. In millions of packs per annum, 70 gram equivalent. Note: Pinehill Group noodle sales are not included in ICBP 2. 1995-2019. export sales. ICBP exports seasonings and packaging to 3. Annual consumption per capita of company domestic market sales. Pinehill Group Companies.

14 Sales Volumes Show Strong Growth

Sales Volume (mln packs/year) Sales Volume (mln packs/year) 4,500 250 4,062 211 4,000 3,500 200 3,000 150 125 2,500 2,000 1,779 92 1,550 100 77 1,500 1,256 1,114 1,000 50 17 18 31 23 500 156 0 0 Nigeria, Ghana Saudi Arabia Egypt Serbia Morocco Kenya Turkey 1995 2000 2005 2010 2015 2019 2015 2019

o Instant noodle consumpon is recession-proof: consumpon historically increases in diﬃcult mes because noodles are among the lowest-cost foods o The Pinehill Group has achieved a CAGR of 21% in noodle volumes since incorporaon o Noodle consumpon in Pinehill’s domesc markets averages only 12 packs per person per year, or a CPC of 12 vs. ICBP’s domesc total of 50 packs/year o New markets oﬀer new avenues for connued growth. ICBP is a Halal producer, making its products ideal for most of the Pinehill domesc markets as well as surrounding markets

15 Source: Company data expressed in terms of 70-gram equivalent packs. Includes sales to surrounding countries. Global Indomie Brand Is a Powerful Force

o Households Purchase Acts Indomie is a globally recognized brand, 2019 Choices by Buying at (Consumer ranking in the Top 10 in the “17 Consumer Kantar Least Once Reach Points (Frequency) Billionaire Brands” recognized by Kantar World-Panel (Penetration) mln) Worldpanel for three years in a row, 2017-2019 Coca-Cola 42.1% 12.3 6,094 o These are global brands whose purchase Colgate 59.7% 5.9 4,157 acts (measured in millions of consumer Maggi 32.3% 8.2 3,117 reach points) are 1 billion or higher Lay's 30.4% 7.3 2,608 o Indomie is chosen nearly three times Lifebuoy 25.0% 8.3 2,450 more frequently than the next most- Pepsi 22.8% 8.0 2,156 chosen brand, Coca-Cola Sunsilk 23.3% 7.2 1,981 o The Kantar research indicates that when Dove 36.8% 4.5 1,962 consumers get to know Indomie, they tend to buy it again and again and again Indomie 4.9% 32.9 1,907 o The Pinehill Group operates in markets Nescafé 22.6% 6.9 1,834 with strong Indomie brand equity

o With steady and strong sales growth, Indomie noodles remain well regarded all over the world

16 Source: https://www.kantarworldpanel.com/global/news/brand-footprint-local-vigour-beats-global-resurgence. Pinehill Historical Growth Rate Is High o In 1995, Pinehill Group’s first year of operaon, it sold a total of 73 million packs of instant noodle in Saudi Arabia and Nigeria o Five years later in 2000, Pinehill Group’s sales had grown to 275 million packs, almost four mes its first-year sales o Aer 2000, Pinehill Group started exporng to surrounding countries, including Egypt. By 2005, sales had grown to almost 660 million packs o In 2010, Pinehill Group’s first factory in Egypt commenced operaon. By then total sales amounted to 2.8 billion packs, almost 40 mes the first-year volume 15 years earlier o Pinehill Group’s Kenya factory commenced operaon in 2014, while its Turkey factory began in 2015. Pinehill Group’s sales in 2015 amounted to 4.8 billion packs o Aer 25 years of operaon Pinehill Group is projecng to sell 8.5 billion packs of noodles in 2020, a CAGR of 21% since 1995 o In the next five years, Pinehill Group aims to increase instant noodle sales to 14 billion packs

17 Key Drivers of Continuing Growth o High urbanization rates in Pinehill’s markets relative to most other nations will continue to be key demand drivers as new city residents adjust to new urban eating habits o Deeper distribution penetration in existing markets through addition of stock points, listing in remaining key accounts, retail and traditional stores o Extension of distribution network into second-tier cities and rural districts o Driving of sales volumes in surrounding countries by offering affordable and suitable products for consumers in target markets o Entrance into non-conventional channels, including online platforms, university canteens, Indomie kiosks, etc. o Capture of the “out of home” opportunity with cup noodles o New product launches to cater to the differing taste profiles of consumers in different countries o Introduction of new packaging sizes (such as jumbo size) and new flavors (e.g. premium noodles) to cater to consumer choice o Targeted sales and marketing activities to increase consumption by existing consumers and introduce ICBP products to new users o Cost efficiency initiatives through increased automation, the purchase of new machinery to lower production costs, use of alternative energy sources o Expansion of production facilities to support growth (slide 23 for historical data)

18 Appendix

19 What Do the Analysts Say?

Indofood Most Recent Price Targets (IDR/share) Highlights 10,000 9,000 o The transaction would lift 8,000 Indofood into the ranks of global 7,000 food companies 6,000 o Operational risk is low owing to 5,000 4,000 long-term relationship between 3,000 Pinehill and ICBP and shared 2,000 processes and equipment 1,000 o The high valuation is based on 0 new sources of strong growth

DBS o Noodles are ICBP’s most RHB BNI* CITI* MNC CLSA Panin Sucor Mirae HSBC CIMB* Morgan… Samuel Bahana profitable and biggest product, Goldman… UOB Kay… UOB Trimegah Ciptadana AVERAGE Danareska up to 90% of EBIT Jefferies HK Jefferies

Buy Hold Sell KE Maybank Credit Suisse Credit Indo Premier Indo NH Korindo* NH Mega Capital* Mega o Pinehill brings much larger markets with much lower ICBP Most Recent Price Targets (IDR/share) 14,000 penetration 12,000 o Opens up new markets for other ICBP products 10,000 8,000 o Earnings guarantee by Sellers suggests confidence in ambitious 6,000 growth forecasts 4,000 o 23x valuation compared with 2,000 ICBP P/E of 19x implies 0 expectation of significant contribution growth from Pinehill Citi BNI UBS DBS BCA RHB CLSA MNC Panin Sucor CIMB Mirae HSBC to ICBP earnings Samuel Bahana Kresna* Yuanta* Trimegah Ciptadana AVERAGE JP Morgan JP Danareska o Transaction seen as positive to Jefferies HK Jefferies Korindo NH Maybank KE Maybank Credit Suisse Credit Indo Premier Indo First Pacific earnings

Buy Hold Sell Hian Kay UOB Morgan Stanley Morgan Goldman Sachs* Goldman o No recourse to Indofood or FPC *Research report wrien prior to Pinehill announcement of 22 May 2020. Data as at 7 July 2020. 20 Noodle Consumption Low But Growing Fast

Per Capita Noodle Consumption (CPC) Market 1995 2000 2005 2010 2015 2019 24-year CAGR DUFIL 0.31 0.53 2.08 8.46 13.65 17.57 18.3% - Nigeria 0.31 0.53 2.08 9.50 14.37 18.83 18.6% - Ghana 1.80 8.95 9.19 PAFL 2.17 10.31 7.91 6.68 7.23 8.52 5.9% - Home 2.17 10.31 14.31 21.09 19.38 20.26 9.8% - Surrounding 1.45 3.83 4.86 6.23 EGYPT 0.05 1.98 5.12 12.66 SERBIA 0.04 0.35 2.57 - Home 0.01 1.24 4.06 - Surrounding 0.05 0.19 2.32 MOROCCO 0.01 0.52 2.00 - Home 0.01 0.52 1.38 - Surrounding 10.09 KENYA 0.08 0.36 0.58 - Home 0.08 0.67 1.68 - Surrounding 0.03 0.08 TURKEY 0.00 0.29 2.55 Grand Total 0.58 1.93 2.57 4.78 6.50 8.77 12.0% - Home 0.58 1.93 2.68 5.19 8.09 11.83 13.4% o Data based on Pinehill’s sales in home markets containing 550 million people o Including regional export markets, Pinehill has approximately 885 million potential consumers, offering a new pillar of growth for ICBP

21 Timeline of Pinehill’s Sales Expansion

Sales Volume (70 gr eq, mln packs)

Market 1995 2000 2005 2010 2015 2019 2020 CAGR DUFIL 34 65 288 1,550 2,851 4,062 4,265 21% PAFL 39 211 368 1,114 1,376 1,779 2,176 17% Egypt - - 3 156 456 1,256 1,323 49% Serbia - - - 1 17 125 192 77% Morocco - - - 0 18 77 103 78% Kenya - - - 3 31 92 131 45% Turkey - - - 0 23 211 318 195% Grand Total 73 276 659 2,824 4,771 7,602 8,507 21%

22 Factory Expansion in Line with Strong Sales Growth

Production Capacity (70 gr eq, mln packs)

Market 1995 2000 2005 2010 2015 2019 2020 DUFIL 78 272 926 2,039 3,770 4,876 4,973 o 12 factories with total PAFL 99 335 591 1,624 1,786 1,940 2,338 Egypt - - - - 559 1,493 1,829 production capacity of Serbia - - - - - 263 263 around 9 billion packs Morocco - - - - - 120 120 in 2019 Kenya - - - - 102 120 251 Turkey - - - - 116 235 594 Grand Total 177 608 1,516 3,663 6,335 9,047 10,368

Capacity Utilization

Market 1995 2000 2005 2010 2015 2019 o 2019 utilization rate was 84% DUFIL 44% 24% 31% 76% 76% 83% PAFL 40% 63% 62% 69% 77% 92% Egypt 81% 84% o Production capacity seen Serbia 48% increasing to 10 billion packs Morocco 64% in 2020 Kenya 30% 77% Turkey 20% 90% Grand Total 41% 45% 43% 77% 75% 84%

23 Note: Home country sales only. Pinehill Group Milestones

Pinehill Arabia Food Limited (PAFL) Salim Wazaran Gida Sanayi 1995 1st Noodle Factory started ve Yatirim Anonim Sirketi 2007 2nd Noodle Factory started (Adkoturk) Seasoning Blending & 2015 Turkey Noodle Factory started Packing Factory started 2018 2nd Noodle line added 2009 Sauce Factory started 2019 Cup Noodle line started 2008 Cup Noodle line started 2015 1st High Capacity Noodle line

DUFIL Prima Plc 1995 Noodle division started 2009 Seasoning & Flexible Packaging divisions started 2011 Acquision of Dana Noodles 2012 Pasta & Flour division started 2013 Edible Oils division started Salim Wazaran Group Limited (SAWAZ) 2014 Snack division started 2010 Egypt 1st Noodle Factory started Minimie Noodles producon 2014 Kenya Noodle Factory started 2017 Acquision of Dangot 2016 Egypt Seasoning Factory started Noodles in Nigeria and pasta 2016 Serbia Noodle Factory started factory in Ghana 2017 Morocco Noodle Factory started 2018 Acquision of Mimee Noodle 2017 Egypt Cup Noodle line started Home markets 2019 Ghana Noodle Factory started 2020 Egypt 2nd Noodle Factory started Neighboring markets

24 IMPORTANT NOTICE

This presentation is provided for information purposes only. It does not constitute an offer or invitation to purchase or subscribe for any securities of First Pacific or any of its subsidiaries or other companies it is invested in, and no part of this presentation shall form the basis of or be relied upon in connection with any contract or commitment.

Certain statements contained in this presentation may be statements of future expectations and other forward-looking statements that are based on third-party sources and involve known and unknown risks and uncertainties. Forward-looking statements contained in this presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future.

There is no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward- looking statements, which speak only as of the date of this presentation. Contact Us

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Email: John Ryan, Indofood Commissioner and First Pacific Associate Director [email protected]

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