As Indonesia’s leading financial infrastructure provider, Limas is committed to staying at the forefront of its industry through continuous product innovation and service augmentation. The company’s role in the broader finance community is unique and rapidly changing and as the Indonesian financial services industry moves steadily towards consolidation Limas is honored participate in and facilitate further progress.

Towards the end of 2002, Limas was appointed as an approved ASP provider charged with facilitating transactions for members of the Jakarta Stock Exchange. The JSX has since made significant progress towards remote trading and many of its members have followed suite equipping themselves with the technology, hardware and software solutions needed to remain connected to the markets and trade. Remote trading transactions have grown by 24 percent in recent months and this demand contributed to an increase in our ASP revenue in 2003.

Financial solutions that offer flexibility and freedom of movement are also in high demand from increasing numbers of mobile professionals and it was this demand that brought about the creation of StockWatch® Mobile. This mobile trading application was developed in collaboration with several major Indonesian telecommunications operators and was a key earnings driver in 2003.

Limas continues to invest in all areas defined as capital and as a result every facet of our business continues to grow. In accordance with our core values of integrity, productivity and efficiency we have chosen to invest in our people, knowledge acquisition and our expertise, which are enriched daily from experience and interaction with all of our working partners. In 2002 we implemented a performance measurement system, which highlights and examines each employee’s performance both as an individual and as a team player. We continued to implement this performance measurement system with great success in 2003 and we look forward another year of increased productivity and individual contribution.

We believe that the industry landscape will continue to evolve from a large number of specialized participants to one consisting of larger more efficient and integrated companies. And as the financial community as a whole continues to move towards consolidation, not only banks but other financial institutions, integrated services will become more de-facto and consumers will begin to demand one-stop service solutions.

As in the past, Limas will be there to support the industry’s move towards consolidation and greater efficiency by providing integrated processing through ASP facilities and assisting in the development of e-reporting which will aid the flow of information and increase the transparency and good corporate governance of listed companies. We will also deepen the content and extend the coverage of our financial information tools as our client base expands and consumers demand greater flexibility in managing and receiving information.