INDOSAT AGMS APPROVED THE DIVIDEND
FOR YEAR 2004 OF Rp154.23/SHARE AND
APPOINTED BOARD OF DIRECTORS FOR PERIOD 2005-2010

Jakarta, June 8, 2005 PT Indosat Tbk ("Indosat" or the "Company") today held its Annual General Meeting of Shareholders ("AGMS" or the "Meeting") at the Company’s Auditorium in Indosat Building Jakarta. The Meeting was chaired by Mr. Peter Seah, President Commissioners of Indosat and attended by shareholders and their proxies representing more than 75% of the paid-in shares.

At the AGMS, Indosat’s shareholders approved the following resolutions:
1. Annual Report and Audited Financial Statements for year ended 31 December 2004.
2. Allocation of net profit for reserve, reinvestment and declare dividend for year 2004 of Rp154.23 per share.
3. Remuneration of BoC for year 2005 and bonus for year 2004.
4. Appointment of Prasetio, Sarwoko & Sandjaja, a member of Ernst & Young Global as the Company’s Independent Auditor for year ended 31 December 2005.
5. Appointment of the Board of Directors, including the President Director, and change the composition of the Board of Commisioner.


Effective from the closing of the AGMS, Indosat’s Board of Directors for the period until the closing of AGMS on 2010 and the Board of Commisioner for the period until the closing of AGMS on 2008 are as at the attachment.

At the meeting, shareholders also approved the dividend payout for year 2004 of 50% or Rp154.23 per share. Schedule and arrangement for the dividend payment will be announced in the media on 10 June 2005.

Indosat is a leading telecommunication and information provider that offers:
cellular services (Mentari, Matrix and IM3), IDD services (IDD 001, IDD 008 and FlatCall 016), and fixed wireless services (StarOne), Multimedia, Data communications and Internet services (MIDI). Indosat's shares are listed on the Jakarta and Surabaya Stock Exchange (JSX:ISAT) and its American Depository Shares are listed on the New York Stock Exchange (NYSE:IIT).

Indosat’s Board of Directors for the period 2005 - 2010 are :
(i) Mr. Hasnul Suhaimi, President Director
(ii) Mr Ng Eng Ho, Deputy President Director
(iii) Mr. Johnny Swandi Sjam, Consumer Marketing Director
(iv) Mr. Wahyu Wijayadi, Corporate Market Director
(v) Mr. Wityasmoro Sih Handayanto, Planning and Project Development Director
(vi) Mr. Raymond Tan Kim Meng, Network Operation and Quality Management Director
(vii) Mr. Joseph Chan Lam Seng, Information Technology Director
(viii) Mr. Wong Heang Tuck, Finance Director
(ix) Mr. S. Wimbo S. Hardjito, Corporate Services Director

Indosat’s Board of Commisioners for the period 2004 – 2008 are:
(i) Mr. Peter Seah Lim Huat, President Commisioner
(ii) Mr. Lee Theng Kiat, Commisioner
(iii) Mr. Sio Tat Hiang, Commisioner
(iv) Mr. Sum Soon Lim, Commisioner
(v) Mr. Roes Aryawijaya, Commisioner
(vi) Mr. Setyanto P. Santosa, Commisioner
(vii) Mr. Lim Ah Doo, Independent Commisioner
(viii) Mrs. Eva Riyanti Hutapea, Independent Commisioner
(ix) Mr. Soeprapto, Independent Commisioner

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