ARMS.L Regulatory News (ARMS)

10 July 2013

For Immediate Release

Bumi plc ("Bumi" or the "Company")

Separation Transaction Update

Bumi notes recent press speculation regarding the separation of the Company from the Bakrie Group and PT Bumi Resources, Tbk ("Bumi Resources") (the "Separation Transaction"). The articles suggest that this transaction would be effected through the Bakrie Group acquiring for cash Bumi's 29.2% interest in Bumi Resources and the Bakrie Group selling their indirect interest in Bumi to an affiliate of PT Borneo Lumbung Energi & Metal, Tbk (the "BorneoGroup").

The Separation Transaction is subject to ongoing negotiations but the economic terms remain consistent with the original proposal received by the Company from the Bakrie Group in October 2012.

The arrangement that is now being finalised entails the Bakrie Group purchasing the Company's interest in Bumi Resources for over US$500 million in cash.

The Company has been made aware that discussions are also ongoing between the Bakrie Group and the Borneo Group concerning the acquisition by the Borneo Group of the Bakrie Group's indirect interest in the Company.

The Company is not party to those discussions but has been informed that this transaction would need to be inter-conditional on the Company's arrangement to sell its interest in Bumi Resources to the Bakrie Group. The Company has been told that, were the Borneo Group to acquire the Bakrie Group's interest in the Company, such an acquisition would be conditional on the Company's independent shareholders approving the waiver of the requirement to make a general offer under Rule 9 of the City Code on Takeovers and Mergers.

Given the potential for a conflict of interest, the Directors of the Company who are affiliated with PT Borneo Lumbung Energi & Metal, Tbk have made the required disclosures to the Board and have voluntarily recused themselves from the process. Matters pertaining to the Separation are being considered by an independent committee of the Board. The Board remains committed to delivering the Separation Transaction to shareholders on a value-accretive basis. Further announcements will be made as appropriate.

For enquiries, please contact:

Bumi plc

Jayesh Pankhania

+44 (0) 20 7201 7506

RLM Finsbury

Ed Simpkins / Charles O'Brien

+44 (0) 20 7251 3801