BUMI PLC: Statement re Accounting reclassification

Bumi plc ("Bumi" or the "Company")                        
05 November 2012 
For Immediate Release 
                      Accounting reclassification                           
Bumi plc ("the Company") announces that, following a review of its 29%
shareholding in PT Bumi Resources Tbk ("Bumi Resources"), it has determined
that on the basis of its assessment of its level of influence over the
management and conduct of PT Bumi Resources following recent developments, it
is no longer appropriate for the Company to account for its shareholding in
Bumi Resources as an Associate, and instead it should be accounted for as an
investment under IAS 39.  
 The result of this determination is that the Company's investment in Bumi
Resources will be valued in the Company's financial statements using the
underlying share price of Bumi Resources as published on the Indonesia Stock
Exchange. This will lead to a charge (non-cash) in the 2012 income statement of
the Company but the change in classification does not otherwise affect the
business, assets, financial position or prospects of the Company, or the
Company's shareholding equity interest in Bumi Resources. 
The Board of the Company reiterates its intention to maximise value in respect
of its 29% shareholding in Bumi Resources, including in the context of the
relevant parts of the Long Haul proposal of 11 October 2012, which is being
evaluated by the Rothschild Group on the basis of value for shareholders and
deliverability. This accounting reclassification has no bearing on this
process.  The Board will in any event not make any recommendation regarding the
Long Haul proposal until the investigation into alleged financial
irregularities in the Company's Indonesian operations is appropriately
advanced. 
For enquiries, please contact: 
Bumi plc:                                           +44 (0) 20 7201 7507 
Nick von Schirnding 
Finsbury:                                           +44 (0) 20 7251 3801 
Ed Simpkins 
END 
-0- Nov/05/2012 07:18 GMT
 
 
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