XL buyback bonds for US$122 million

PT Excelcomindo Pratama Tbk. (XL) announced today that in connection with the planned
sale and transfer of substantially all of the wireless communication towers and certain
related assets currently used by XL in the operation of its wireless communications
business in Indonesia and the consent solicitation and offer announced on June 2, 2008 (the Consent Solicitation and Offer), as of 5:00 p.m.
Consents received US$227,605,000 (91.0% of Notes), Notes Tendered and Acceptedfor Payment US$122,298,000 (48.9% of Notes), and remaining principal amount of notes outstanding US$127,702,000

The Expiration Date has now passed. Holders of Notes that have been validly tendered
on or prior to the Expiration Date will be eligible to receive the tender consideration of
US$1,010 per US$1,000 principal amount of Notes (the “Tender Consideration”) along
with the accrued and unpaid interest up to but not including the payment date for Notes
accepted for tender, and will be deemed to have consented pursuant to the Consent
Solicitation. As previously announced, holders who validly consented or tendered on or
prior to June 13, 2008 will be eligible to receive a consent payment of US$10 per
US$1,000 principal amount of the Notes (the “Consent Payment”). The payment date
for the Tender Consideration and the Consent Payment is expected to occur on or about
July 2, 2008.
Goldman Sachs (Singapore) Pte. and its respective affiliates acted as the S
Solicitation Agent and Dealer Manager with respect to the Consent Solicitation and Offer.