10:04     FIRST PACIFIC<00142> - Announcement (7)                             

    Maximum balance during the year 10.3                                      
                                                                              
    Each of the transactions relating to the Continuing                       
    Financing Arrangements set out above constitute                           
    continuing connected transacted transactions under                        
    Rule 14A.14 of the Listing Rules as:-                                     
                                                                              
    (i)     Mr. Anthoni Salim is the Chairman and                             
    substantial shareholder of the Company and the                            
    President Director and CEO of Indofood; and                               
                                                                              
    (ii)    each of PAB and PI are associates of the Salim                    
    Family, of which Mr. Anthoni Salim is a member.                           
                                                                              
    ACTIONS TAKEN IN RESPECT OF THE CONTINUING CONNECTED                      
    TRANSACTIONS                                                              
    Following the discovery of those transactions, the                        
    Company requested its auditors, Ernst & Young, to                         
    assist senior management of the Company and Indofood                      
    and the independent non-executive directors of the                        
    Company to conduct an examination of those                                
    transactions and all other continuing connected                           
    transactions which are not discloseable under Chapter                     
    14A of the Listing Rules in accordance with an                            
    available exemption from the disclosure requirements                      
    under that Chapter.                                                       
                                                                              
    Having completed that review, the independent                             
    non-executive directors of the Company have concluded                     
    pursuant to Rule 14A.37 that each continuing                              
    connected transaction has been entered into:                              
                                                                              
    1.      in the ordinary and usual course of business of                   
    the Company, except for the Continuing Financing                          
    Arrangements referred to in D above, where the Listing                    
    Rules state that these cannot be in the ordinary and                      
    usual course of business of a company which is not                        
    a banking company;                                                        
                                                                              
    2.      either on normal commercial terms or, in those                    
    instances where there are not sufficient comparable                       
    transactions to judge whether they are on normal                          
    commercial terms, on terms no less favourable to                          
    Indofood than terms available to or from (as                              
    appropriate) independent third parties;                                   
                                                                              
    3.      in accordance with the relevant agreement                         
    governing them, or the relevant written memorandum                        
    recording their terms, subject to the limited number                      
    of exceptions set out below, as referred to in the                        
    letter from Ernst & Young referred to below; and                          
                                                                              
    4.      on terms that are fair and reasonable and in the                  
    interests of the shareholders of the Company as a                         
    whole.                                                                    
                                                                              
    In addition to the conclusions of the independent                         
    non-executive directors of the Company set out above,                     
    the board of directors of the Company ratified and                        
    confirmed each of the continuing connected                                
    transactions referred to in this announcement at a                        
    meeting of the board of directors of the Company held                     
    on 22 April 2005.                                                         
                                                                              
    Ernst & Young has provided a letter to the Board (with                    
    a copy to the Exchange) confirming that, subject to                       
    a limited number of exceptions which have been drawn                      
    to the attention of the Board, the continuing                             
    connected transactions have been carried out in the                       
    manner stated in Rule 14A.38 of the Listing Rules.                        
    The limited exceptions are as follows:-