NEW RELEASE

Effective 1st April 2009, The Ritz Carlton Bali, Resort & Spa will be renamed into Ayana Resort & Spa

On this occasion, that our owning company PT. Karang Mas Sejahtera Co will be terminated management contract with The Ritz Carlton Company L.L.C in operating the resort in Bali as of March 31st, 2009.

Effective on April 1st, 2009 the resort will be renamed to Ayana Resort & Spa

A new management company has been appointed, THE WEST PACES HOTEL GROUP based in Atlanta, Georgia USA, which is a leading hotel management company founded by Mr. Horst H. Schulze, the former president and COO of the Ritz Carlton Company who is renowned hoteliers in establishing the highest level of service in the hospitality industry.

We are confident that working with THE WEST PACES HOTEL GROUP, the resort will be continue to excel in delivering the finest facilities & services to our guests. Moreover with the guidance of Horst Schulze, who was in charge for our resort opening in 1996, and therefore quite familiar with our staffs, facilities, customers as well as service quality.

The resort will be provide the same facilities & services and constantly looking for ways to improve our service to customers.

The official announcement of cooperation with THE WEST PACES HOTEL GROUP will be released very soon.