Invitation To Annual General Meeting Of Shareholders And Invitation Extraordinary General Meeting Of Shareholders III (EGMS III)

Board of Directors of Company here by invites the shareholders of the Company to attend the Annual General Meeting of Shareholders held on:

Day / Date	:	Thursday, June 26, 2008
Time	:	10.00 - finish
Place	:	Ballroom B, Lobby Hotel
		Intercontinental Mid Plaza Hotel
		Jl. Jend. Sudirman Kav. 10 - 11
		Jakarta Pusat

Meeting Agenda:

1.	a.	To approve the Board of Directors report on Company Operation during Accounting Year 2007 and Approval of Annual Statement consisting of Balance Sheet and Income Statement for Accounting Year ended on December 31, 2007, audited by Registered Public Accountant Aryanto Amir Jusuf & Mawar.
	b.	To approve the Shareholders postponement of dividend payment for Accounting Year 2007.
	c.	To approve the grant of full acquittal and discharge to the members of Board of Directors and Board of Commissioners from managerial and supervisory tasks during the accounting year ended on December 31, 2007 to the extent such actions are reflected in the Company’s Annual Statement.
2.	Approval to authorize or empower the Board of Directors to appoint Registered Public Accountant to audit the company’s ledgers for accounting year 2008, including to determine the fee and other requirements such purpose.
3.	a.	Proposal of Board of Directors to change the composition of Board of Directors and Board of Commissioners.
	b.	To authorize the Board of Directors to submit notice composition of the members of Board of Directors and Board of Commissioners including Independent Commissioners to Ministry of Justice and Human Rights, to apply for registration of in the Company Register and to restate the resolution of Meeting Resolution in Deed of Declaration on Meeting Resolution including to take all actions deemed necessary and appropriate for such purposes.

EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS (EGMS)

Referring to the notice in the daily newspapers Bisnis Indonesia and Investor Daily published on May 5, 2008, this is to announce for the purpose of EGMS II, since no quorum is present as prescribed Article 26 paragraph (4), the meeting, therefore, is not authorized to consider the agenda of the meeting and to pass valid and binding resolution. Therefore, subject to article 26 paragraph (4), Company has applied for authorization of quorum, votes, notice and time of EGMS III to Capital Market Supervisory Board (“Bapepam”).

Application for Authorization of EGMS III may be considered by Bapepam as specified in letter number S-3264/BL/2008 dated May 28, 2008 regarding Application for Authorization of third EGMS PT. Sierad Produce Tbk.

In consideration of the foregoing, the Board of Directors hereby invites the Shareholders of Company to attend the Extraordinary General Meeting of Shareholders to be held on:

Day / Date	:	Thursday, June 26, 2008
Time	:	11.00 - finish
Place	:	Ballroom B, Lobby Hotel
		Intercontinental Mid Plaza Hotel
		Jl. Jend. Sudirman Kav. 10 - 11
		Jakarta Pusat

Meeting Agenda:

To amend the Company’s Articles of Association as regards the amendment to Companies’ Articles of Association in its entirety in synchronization with Law Number 40/2007 on Limited Liability Company and Regulation of Bapepam Number IX.J.1 on Standards of Company’s Articles of Association for Companies holding Public Offer and Public.

To approve the shareholders’ authorization to the Board of Directors to submit notice on amendment of Articles of Association Ministry of Justice and Human Rights of the Republic of Indonesia, to apply for registration with the Company Register and restate the meeting resolution in Deed of Declaration on Meeting Resolution or to take all actions deemed necessary and appropriate for such purpose.

Notes:

1.	Those entitled to attend in person or by proxy the meeting includes the shareholders whose name are entered in the Company’s Shareholders register as of June 11, 2008 until 16.00 WIB.
2.	The Shareholders absent from the meeting may be represented by his/her proxy by virtue power of attorney to represent or cast vote on behalf of such shareholders.
3.	Members of Board of Directors, Board of Commissioners, Employees of Company may act as proxy at the meeting, however, the votes cast by such proxy shall not calculated at the meeting.
4.	Power of Attorney Form may be requested/taken during the business days and hours at the Company’s registered office at Gedung Plaza City View Lantai 1, Jl. Kemang Timur no. 22 Jakarta. Please contact Corporate Secretary (Ms. Elies Lestari Setiawan) as of this day.
5.	Power of Attorney (filled out correctly and completely) shall be returned to the Company no later than Tuesday June 24, 2008 at 17.00 WIB enclosed with photocopy of valid ID card or other personal identifications of the shareholders or his/her proxy.
6.	The shareholders and proxies are required to show their IDs or other personal identifications to the relevant officers before entering the meeting room.
7.	Meeting Agenda is made available at the Company’s registered office as of the notice date until the meeting date.
8.	For effective course of the meeting, shareholders/ proxies are requested to be present 30 minutes prior to the commencement of meeting.

Bogor, June 12 2008

PT. SIERAD PRODUCE Tbk.

Board of Directors