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Default on Debt Instruments

PT BERLIAN LAJU TANKER TBK ANNOUNCES DEFAULT ON DEBT INSTRUMENTS

Following the earlier debt restructuring and debt standstill announcement on 26 January 2012, the

Board of Directors of PT Berlian Laju Tanker Tbk (the "Company") (SGX: PTBL.SI and IDX: BLTA.JK)

wishes to announce that consistent with the announcement, no payment has been made on the

following debt instruments:

1. Borrower: BLT Finance B.V.

Debt Instrument: USD125,000,000 12% Guaranteed Convertible Bonds due 2015 (ISIN Code:

XS0300718599)

Due amount: USD36,632,940 (Redemption Proceeds USD 33,699,000, Interest of USD 2,933,940)

Due date: 9 February 2012

2. Borrower: BLT International Corporation

Debt Instrument: USD125,000,000 12% Guaranteed Convertible Bonds due 2015 (ISIN Code:

XS0485132046)

Due amount: Interest of USD 7,500,000

Due date: 9 February 2012

3. Borrower: Berlian Laju Tanker

Debt Instrument: Obligasi Berlian Laju Tanker IV Tahun 2009 Dengan Tingkat Bunga Tetap - Seri B

Due amount: Interest of IDR 5,812,500,000

Due date: 27 February 2012

4. Borrower: Berlian Laju Tanker

Debt Instrument: Obligasi Berlian Laju Tanker IV Tahun 2009 Dengan Tingkat Bunga Tetap - Seri C

Due amount: Interest of IDR 7,718,750,000

Due date: 27 February 2012

5. Borrower: Berlian Laju Tanker

Debt Instrument: Sukuk Ijarah Berlian Laju Tanker II Tahun 2009 - Seri A

Due amount: Interest of IDR 1,743,750,000

Due date: 27 February 2012

6. Borrower: Berlian Laju Tanker

Debt Instrument: Sukuk Ijarah Berlian Laju Tanker II Tahun 2009 ] Seri B

Due amount: Interest of IDR 2,234,375,000

Due date: 27 February 2012

We are still working with our financial advisor and will provide an update with respect to the

Company's restructuring of its indebtedness in due course.

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