Soon after the 11'0, Bumi PLC paid the Bakries US$) billion in cash and shares to acquire
stakes in their mining firms. Specifically, it acquired a 89% stake in Berau Co.11 (Indonesia's
fifth largest coal mine) and a 29.2% stake in PT Bumi Resources Group (Indonesia's largest
coal mine), which in turn owned 87% of Bumi Resource Minerals," the world's largest
exporter of thermal coal and the biggest supplier of thermal coal to China. (Sec Exhibit 3). As
a consequence of the share swnp.The Bakries controlled a 47% stake in the London-listed
company, though their voting rights were capped at 29.9% to comply with legal requirements.
Nathaniel owned 10-13%andRosan Roeslani's Rccapital Group held 1O~ 13% (sec Exhibit 4)
Nathaniel earned US$15 mill ion in fees tor arranging thetransaction.