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Jakarta, 20th March 2007

Ref: 043/KK-JKT/LGL/III/07

Carey Olsen
PO Box 98
7 New Street
St Peter Port
Guernsey GY1 4BZ

Attn : Mr. Michael Eades

Re : The Ekman Trust Pulp Purchase Agreements

Dear Michael,

We refer to your letter with reff No. ME/LLP/1005073/0088/G1495573v1 dated 28th


February 2007 on the above mentioned subject, and we are truly sorry for not
answering the said letter soon enough. First of all, we want to apologize for the
inconvenience that has been dealt by the Trustee of the Ekman Trust. It is not our
intention to disappoint them.

As you may know, at this current time PT. Kiani Kertas is on a process of
restructuring. We are still evaluating and making progress plans to deliver our
obligation to Ekman Trust. We assure you that we are still in the process to deliver
our outstanding for 2006 of 12,720.09 and 12.000 tonnes and the delivery plan for
2007 for 18.000 tonnes to Ekman Trust as soon as we have the opportunity.

Thank you for your patience and understanding.

Faithfully yours

______________________
Name: Sugiono
Title: Deputy Director Business Support & Corporate Affairs

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