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Bumi Plc (ARMS)

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Thursday 11 October, 2012

Bumi Plc

Statement re proposal received from Shareholders


For Immediate Release

                                                                11 October 2012

                                   Bumi plc                                    

                      Proposal received from shareholders                      

The Board of Bumi plc ("the Company") has received a proposal from PT Bakrie
and Brothers Tbk and Long Haul Holdings Limited (collectively the "Bakrie
Group") to cancel their indirect approximately 23.8% shareholding in the
Company, in exchange for an equivalent value of PT Bumi Resources Tbk ("Bumi
Tbk") shares representing 10.3% of the total outstanding share capital of Bumi
Tbk as presently held through the Company. In addition, the Bakrie Group has
made a conditional proposal to buy back the remaining 18.9% shareholding in
Bumi Tbk for cash before Christmas 2012.

The Board is considering the share exchange proposal and will make a
recommendation to shareholders. It will also consider the offer to buy back the
remaining 18.9% shareholding in Bumi Tbk.

The Bakrie Group has further made a conditional proposal to make a cash offer
within the next six months for the Company's approximately 84.7% shareholding
in PT Berau Coal Energy Tbk.

For further information please contact:

Bumi plc
Nick von Schirnding
Tel: +44 (0) 20 7201 7507

J.P. Morgan Cazenove
James Taylor / Neil Passmore
Tel: +44 (0) 20 7588 2828

Finsbury
Ed Simpkins
Tel: +44 (0) 20 7251 3801