SIAC Arbitral Tribunal awards US$230 million in favour of ASTRO in its dispute with Lippo Group

Kuala Lumpur, 22 February 2010 - In a filing with the Bursa Malaysia today, ASTRO All Asia Networks plc (ASTRO) announced that it had on 18 February 2010 received from an arbitral tribunal constituted by the Singapore International Arbitration Centre (SIAC), a ruling that contains various awards amounting to the equivalent of approximately US$230 million in restitution in its arbitration proceedings against a number of entities in the Lippo Group, including the publicly listed PT First Media.

The claims had arisen from a dispute relating to a proposed joint venture between ASTRO and the Lippo Group to operate a Pay TV business through PT Direct Vision in Indonesia, which led to the arbitration proceedings being commenced in October 2008. PT Direct Vision is liable for the total sum of approximately US$230 million and of this amount, PT First Media and PT Ayunda Prima Mitra are jointly and severally liable with PT Direct Vision for approximately US$95 million.

ASTRO will seek to enforce the awards in Indonesia and other appropriate territories that are signatories to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards ("New York Convention").