Jakarta: The Annual General Meeting of Shareholders (“AGM") of PT Bank CIMB Niaga Tbk (“CIMB Niaga”) held today approved the appointment of Hamidah Naziadin and Glenn Muhammad Surya Yusuf as the company’s new Commissioners, with term of office to be effective as of the date of approval given by Bank Indonesia up to the closing date of the Company’s 2012 AGM to be held in 2013. It was also approved by the shareholders that Ananda Barata would concurrently hold the positions of Independent Commissioner and Commissioner. The resignation of Suhaimin Djohan on March 2, 2010 as a Director of the company was approved and accepted by the shareholders.

Hamidah Naziadin is currently the Head of Group Corporate Resources Division of CIMB Investment Bank Berhad. The bachelor of laws from the University of Wolverhampton, United Kingdom, held several senior positions at CIMB Group: Assistant General Manager at Commerce International Merchant Bankers Berhad, and Senior Manager of CIMB Securities Sdn Bhd. She is now Chairman of Semerak Services Sdn Bhd, Malaysia, a position she has held since 2005.

Glenn Muhammad Surya Yusuf is a prominent figure in the Indonesian corporate scene, having over 28 years of experience in the corporate and financial sectors, including Director at Bank Niaga (1985-1994), and serving as the first Chairman of the Indonesian Bank Restructuring Agency (IBRA) from 1998 to 2000. He was also President Director of PT Perusahaan Perkebunan London Sumatra Tbk from 2003 to 2007. He has also served as Independent Non-Executive Director, CIMB Group Holdings Berhad since January 2010.

Today’s AGM also approved the apppointment of the management of the company, i.e. the Boards of Commissioners and Directors, with term of office starting from the closing of this meeting up to the closing of the company’s 2012 AGM to be held in 2013.

Arwin Rasyid, CIMB Niaga’s President Director, said at the company’s AGM in Jakarta: “We believe that with their capacities, experience and solid teamwork, members of the Boards of Directors and Commissioners will contribute a great deal to making CIMB Niaga a Trusted Bank in Indonesia and a part of a leading universal banking network in South-East Asia.”

Net profit allocated for corporate business development

The AGM approved the 2009 Annual Report and ratified the Annual Accounts of the company. CIMB Niaga made a net profit of Rp 1.6 trillion in 2009 to be recorded as retained earnings for the 2009 fiscal year to be fully utilized to strengthen its capital structure for further business development. Arwin said that one of  the targets the company has planned to achieve is a 21% loan growth in 2010.

Subject to Bapepam-LK Rule Number IX.I.5, on the Formation and Working Programme Charter of Committee Audit, attachment to Letter of Decision Number Kep-29/PM/2004 of September 24, 2004, of Bapepam-LK’s Chairman, the Company reported to the AGM the membership of CIMB Niaga’s Audit Committee for the period starting from the closing date of the Meeting up to the closing date of the Company’s 2012 AGM to be held in 2013, as follows:

Chairman	:	Zulkifli M. Ali
Member	:	Ananda Barata
Member	:	Sukrisno Agoes
Member	:	Binhadi
Member	:	Jusuf Halim
Member	:	Joseph Dominic Silva

About CIMB Niaga

Established under the name of Bank Niaga in 1955, CIMB Niaga, as a Surviving Bank, merged in November 2008 with PT Bank Lippo Tbk, at which 77.24% of the merged bank's shares are held now by the CIMB Group. The bank offers a comprehensive suite of both conventional and Islamic banking products and services through its 675 branches in major cities in Indonesia. CIMB Niaga has over 11,000-strong personnels.

CIMB Group is Malaysia’s second largest financial service provider and one of the leading banking business groups in South-East Asia. Headquartered in Kuala Lumpur, its key regional offices are located in Singapore, Indonesia and Thailand. CIMB Group is also the majority shareholder of CIMB Niaga Indonesia, and the single largest shareholder of CIMB Thai in Thailand. CIMB Group is listed on the Bursa Malaysia via CIMB Group Holdings Berhad (formerly known as Bumiputra-Commerce Holdings Bhd). It has a market capitalisation of approximately RM45.3 billion as at 31 Desember 2009. The Group has over 36,000 employees located in 11 countries.

For further inquiries, please contact:
Dina Sutadi
Corporate Communications Head
PT Bank CIMB Niaga Tbk
Tel: +62 – 21 250 5151 ext. 5920
Fax: +62 – 21 252 6749
Email: dsutadi@cimbniaga.co.id

Website: www.cimbniaga.com