Indosat Submits Limited Reviewed Financial Results

For Nine Months Ended 30 September 2013

Consolidated revenue grew 9.4% for the nine months period ended 30 September 2013

Jakarta, Indonesia, 7 November 2013: PT Indosat Tbk ("Indosat" or the "Company") (Ticker: ISAT: IDX) is pleased to announce that the Company has filed its limited reviewed interim consolidated financial statement for the nine months ended 30 September 2013 prepared in accordance with Indonesian Financial Accounting Standards (IFAS) to the appropriate capital market authorities. A full review of the results is available on the Company's website at www.indosat.com.
The Company recorded a 9.4% year-on-year growth for the period in consolidated operating revenues, delivering total revenues of IDR
17.8 trillion for the nine months 2013. EBITDA grew 3.9% to IDR 7,966.3 billion (9M 2012: IDR 7,671.0 billion), implying an EBITDA
margin of 44.8%. Operating expenses increased by 20.2% for the period primarily driven by higher cost of service, depreciation and amortization, personnel costs, general & administration expenses, and marketing expenses. Indosat's cellular, fixed data (MIDI) and fixed voice businesses contributed 81%, 14% and 5% respectively to the Company's consolidated operating revenue.

Financial and Operational Highlights:

Quarterly Analysis

Year on Year Analysis

3Q 2013

2Q 2013

% change

3Q 2013

2Q 2013

% change

9M 2013

9M 2012*

% change

3Q 2013

2Q 2013

% change

Revenues (IDRbn)

Cellular (IDRbn) Non-Cellular (IDRbn)

6,091.2

4,907.9

1,183.3

5,919.9

4,820.5

1,099.4

2.9

1.8

7.6

17,799.3

14,479.7

3,319.6

16,275.4

13,455.5

2,819.9

9.4

7.6

17.7

Expenses (IDRbn)

5,764.3

5,289.3

9.0

16,278.5

13,538.1

20.2

Operating Profit (IDRbn)

326.9

630.6

(48.2)

1,520.8

2,737.3

(44.4)

Other Expenses - net (IDRbn)

(2,318.7)

(791.0)

193.1

(3,722.4)

(2,139.4)

74.0

EBITDA** (IDRbn)

2,655.3

2,681.8

(1.0)

7,966.3

7,671.0

3.9

EBITDA Margin (%)

43.6%

45.3%

(1.7)

44.8%

47.1%

(2.3)

Loss on foreign exchange - net

(IDRbn)

(1,989.4)

(260.8)

662.7

(2,312.1)

(641.9)

260.2

Profit (Loss) For the Period

Attributable to Owners of the

Company (IDRbn)

(1,535.1)

(160.1)

859.4

(1,766.2)

475.7

(471.3)

Cash-out Capex (IDRbn)

2,515.7

2,749.8

(8.5)

7,877.6

4,467.5

76.3

Total Debt (IDRbn)

22,241.1

20,299.2

9.6

22,241.1

21,847.5

1.8

Obligation Under Capital Lease

(IDRbn)

3,793.0

3,429.0

10.6

3,793.0

3,368.8

12.6

Total Cellular Customers (mn)

53.8

56.5

(4.7)

53.8

55.5

(3.0)

ARPU Cellular

(IDR thousand)

28.5

27.3

4.1

27.5

27.2

1.1

ARPM (IDR)

133

136

(1.6)

132

129

1.7

MoU (minute / customer)

95.9

92.0

4.3

94.3

102.2

(7.7)

Data Traffic (TB)

6,485

5,904

9.8

17,646

10,695

65.0

SMS Traffic (mn)

71

69

1.7

206

196

5.6

BTS (Total)

23,207

22,449

3.4

23,207

21,642

7.2

2G BTS

18,214

17,668

3.1

18,214

17,211

5.8

3G BTS

4,993

4,781

4.4

4,993

4,431

12.7

1