According to the provision of Bapepam-LK No. IX.H.1 attachment of the Chairman decision of Bapepam-LK No. KEP-264 / BL / 2011 concerning on the acquisition of public company (Bapepam-LK No. IX.H.1), hereby PT. Saratoga Investama Sedaya Tbk (SRTG) conveyed, that the Company and PT. Rajawali Corpora (hereinafter collectively referred to as "the Parties") have signed an agreement, that the parties agreed to explore the possibility of taking over 1,094,310,000 shares of PT. Express Trasindo Utama Tbk (Express), which was owned by PT. Rajawali Corpora. Currently, the acquisition terms and conditions was negotiated between the parties, such the acquisition price and the other acquisition terms.

The acquisition, that will be performed by the Company, was a direct takeover by the Company from PT. Rajawali Corpora, which was the majority shareholder of Express, by 51.0025% stake of total shares issued by Express.

The Company was an active investment company that has portpolio investments in three important sectors, infrastructure, natural resources and consumer. The acquisition was intended to diversify the investment portfolio of the Company.