RESPONSE TO AN ANNOUNCEMENT BY THE CORRUPTION

 

ERADICATION COMMISSION OF INDONESIA IN THE RIAUPOS AND

 

MEDIA INDONESIA NEWSPAPERS ON 6 MARCH 2008

 

The Board of Directors of First Resources Limited (?the Company?) wishes to

 

announce that the Corruption Eradication Commission of Indonesia (?Komisi

 

Pemberantasan Korupsi? or ?KPK?) had announced in the Indonesian

 

newspapers, RiauPos and Media Indonesia, on 6 March 2008 that they will

 

auction several properties in relation to a court case relating to Martias, one of

 

the founders and former shareholders of the Company. Three of the assets

 

mentioned are owned by the Company?s Indonesian subsidiaries, specifically

 

PT Ciliandra Perkasa, PT Panca Surya Agrindo and PT Perkasa Intisawit

 

Perkasa. These assets represent plantation and milling assets.

 

The Company has appointed a legal counsel who has advised that there is no

 

legal basis for such actions. The Company will be challenging any such action

 

in the courts of Indonesia.

 

By Order of the Board

 

Ciliandra Fangiono

 

Director & Chief Executive Officer

 

6 March 2008

 

Note: Citigroup Global Markets Singapore Pte. Ltd. was the Sole Global

 

Coordinator, Bookrunner, Issue Manager and Underwriter for First Resources?

 

IPO, and assumes no responsibility for the contents of this announcement.