Subsidiaries & Affiliates

PT Petrocentral

Petrocentral is the sole producer of Sodium Tripolyphosphate (STPP) in Indonesia. STPP's primary use is as the major “builder” in laundry detergents where it functions as a "water softener" and acts to suspend soil thereby enhancing the detergent's cleansing ability.

Since 2004, Petrocentral has gained ISO 9001:2000 for its Quality Management System in manufacturing and selling of STPP. This certification was obtained from Standard Assurance and Innovation (“SAI”) Global Limited and The International Certification Network (IQNet).

Due to increasing competition from Chinese product, Petrocentral's 2005 sales experienced a decrease from 48,553 MT or USD 28.75 million in 2004 to 36,295 MT or USD 24.26 million this year. As a result, management has decided to invest in a Chinese company which produces phosphoric acid, the raw material for STPP production. By integrating its business from upstream, management will secure a portion of its raw materials supply and costs and thus increase its competitive power.

In order to produce STPP, Petrocentral has an installed production capacity of 65,000 MT per annum. In 2005, the actual production volume of STPP was 39,172 MT or 60.26% of the total installed production capacity.

Despite the increase in the selling price per MT of 12.86%, this did not cover the increase in both main raw material prices of 39.20% and fixed costs, and reduced Petrocentral's gross profit from US$ 6.35 million in 2004 to US$ 1.79 million in 2005. As a result, Petrocentral recorded net loss in 2005 amounted to US$ 0.20 million, a decrease of 109.57% from last year net income of US$ 2.09 million.

Subsidiaries Information

Establishment
Petrocentral was established within the framework of the Domestic Capital Investment Law No. 6, year 1968 based on the notarial deed No. 4 of Soeleman Ardjasasmita SH dated March 3, 1986 as amended by notarial deed No. 31, dated November 20,1986 of the same notary.

Location
The office and factory are located at
Jl. Raya Roomo, Gresik, East Java.

Shareholders
PT Unggul Indah Cahaya Tbk.   61,7%
PT Fosfindo                               12,7%
PT Petrokimia Gresik (persero)   9,8%
PT Salim Chemicals Corpora       6,4%
PT Supra Veritas                        6,4%
PT Kodel                                      3,0%

Composition of Board of Commissioners
and Board of Directors

Board of Commissioners
President Commissioner: Soegeng Sarjadi
Commissioner                : Agus Ismail
Commissioner                : Muktar Widjaja
Commissioner                : Andi Hartandi
Commissioner                : Hartono Gunawan
(Resigned on Dec 20, 2006)
Commissioner                : Hendra Sujanto
Commissioner                : Eddy William Katuari

UIC VIETNAM Co., Ltd.

UICV, a wholly owned subsidiary, is located in Dong Nai, Vietnam and engaged in the manufacture and distribution of Linear Aklylbenzene Sulphonic Acid ("LABSA") and Sodium Lauryl Ether Sulphate ("SLES").

UIC Vietnam's main product, LABSA - a derivative of (Alkylbenzene - is the primary active ingredient in the majority of powder and liquid detergents, as well as the major cleaning ingredient in hair shampoo and liquid soap. It is also used as a solvent in the pharmaceutical industry.

UICV total sales volume in 2005 grew at a modest 0.5% from 20,991 MT last year to 21,095 MT. The major growth area was in LABSA exports.

In 2005, LABSA sales was 18,082 MT, increased 7.43%, compared to the 2004 figure of 16,832 MT. On the other hand, SLES sales volume experienced a considerable decline of 27.54% from 4,158 MT last year to 3,013 MT this year. This is due to decreased off-take by one of the UICV's major customers who reformulated to a different type of SLES. UICV has subsequently adapted its SLES to suit the customer's needs.

The total production volume was 20,779 MT or a slight drop of 0.32% compared to 20,845 MT last year. LABSA production volume was up by 6.24% from 16,782 MT last year to 17,830 MT this year, primarily to support growth in the export market. However, SLES production volume was down by 27.44% from 4,064 MT in 2004 to 2,949 MT this year due to decreased off take from one major customer while testing of another type of SLES took place. The new SLES type has been approved by the customer and is expected to commence delivery starting March 2006.

UICV this year was awarded ISO 9001:2000 certification extension for another three years until 2008.

On average, the raw material costs per MT of sales increased 30% compared to that of last year, whereas the average selling price increase in the same period was 26%.

In addition, sales volumes of SLES which traditionally contributes higher gross profit margin than LABSA, experienced a decline of 27.54% compared to 2004. Consequently, gross profit margin experienced a decline from 12.95% last year to 8.87% this year.

It is anticipated that the outlook for next year will be more or less in line with this year. Sales volume is expected to grow 3.5% as there have been signs that raw material prices may decline, resulting in higher LABSA off take. It is expected that the sales volume of the new type of SLES will grow to replace the existing type of SLES.

Subsidiaries Information

Establishment
UIC Vietnam established within the framework of the Foreign Investment Law No.1 based on Investment License No. 577/GP dated April 6, 1993 published by the State Committee for Cooperation and Investment (SCCI), its current name is Ministry of Planning and Investment (MPI) in Socialist Republic of Vietnam.

Location
The head office is located at 250 Nguyen Dinh Chieu St., District 3, Ho Chi Minh City, Vietnam and its factory is located at Go Dau Industrial Zone, Phuoc Thai Village, Long Thanh District, Dong Nai Province, Vietnam.

Shareholder
PT Unggul Indah Cahaya Tbk. 100%

Composition of the Board of Directors
President Director        : Hartono Gunawan
(Resigned on Dec 20, 2006)
Vice President Director: Yani Alifen
Director                        : Tan Kee Chek
Financial Advisor         : Andi Solaiman

UNGGUL INDAH INVESTAMA (UII)

UII, in which the Company has 99.99% shareholding, was established in 1996 with regard to the planned participation of the Company in PT Wiranusa Grahatama (WG), a joint venture for an office and apartment buildings development. As part of the plan, UII has subscribed to a Convertible Bond (CB) issued by WG.

Due to the economic crisis in 1997, the planned development was put on hold. However, in 2004, WG recommenced activities to develop this project and, therefore, in 2005, UII has converted a portion of its CB into WG's share which then UII becomes a majority shareholder with 55% share ownership.

Subsidiaries Information

Establishment
UII was establish within the framework of Limited Liability Company Law No. 1, year 1995 and based on the notarial deed No.19 of Popie Savitri Martosuhardjo Pharmanto, SH dated July 22, 1996, with the amendment dated August 30, 1996 of the same notary.

Location
UII office is located at Wisma UIC 2nd Floor, Jl. Jend. Gatot Subroto Kav. 6-7, Jakarta 12930

Shareholders
PT Unggul Indah Cahaya Tbk.   99,99%
PT Aspirasi Luhur                        0,01% (1 share)

Composition of the Board of Commissioners
and the Board of Directors

Board of Commissioners
President Commissioner        : Andi Hartandi
Vice President Commissioner: Hanny Sutanto
Commissioners                      : Indrawan Masrin
Commissioners                      : Eddy William Katuari
Commissioners                      : Lioe Seng Tjin

PT Universal Interchemicals Corp.,Ltd. (UICPL)

Established in 1991 and located in Singapore, UICPL is a wholly owned subsidiary of the Company. UICPL acts as a trading agent for chemical ingredients for the Company and its subsidiaries and as UIC's distributor for the export market.

In 2003, UICPL was awarded "Fastest Growing 50" certification by DP Group for its success in being the second fastest growing company in Singapore out of the 2,388 companies selected. In early 2006, UICPL was once again awarded "Singapore 1000 Company" by the same institution for its outstanding performance in the areas of sales, net profit and other financial indicators.

Subsidiaries Information

Establishment
UICPL is a Company incorporated under Companies Act of Singapore in 1988. It's Registered Business Number is 199100093N.

Location
UICPL's Head office is located at 75 Bukit Timah Road # 05-01/02 Boon Siew Building, Singapore 229833.

Shareholder
PT Unggul Indah Cahaya Tbk.  100%

Albright & Wilson (Australia) Limited (AWAL)

AWAL is a major producer of phosphoric acid, technical and food grade phosphate and polyphosphate, as well as a comprehensive range of surfactants, detergent raw materials and concrete and plasterboard additives. These products find application in such industries as personal care, detergents, food processing, metal finishing, paper, shampoos, mining and mineral processing, pharmaceuticals, crop care, building and water treatment.

AWAL has two factories in Australia: the phosphates range of products is manufactured at Yarraville, Victoria and the surfactant range at Wetherill Park, New South Wales. Both factories are ISO 9001 accredited. Sales, marketing and local warehousing facilities are situated in Brisbane, Melbourne, Perth and Sydney.

AWAL has 100% ownership in Albright & Wilson New Zealand Limited (AWNZ), a trading company that provides marketing and warehousing facilities for AWAL's products in New Zealand.

AWAL has experienced some erosion of its phosphate market due to the importation of cheap Chinese products into Australia. This has led its management to make the decision to temporarily mothball its phosphoric acid plant at Yarraville-Melbourne. In accordance with applied accounting standards, as there is no certain cash flow from this asset, an impairment value and associated retrenchments of US$ 3.3 million were recorded in AWAL's operating expenses.

Net revenue in 2005 was AUS$ 100.1 million which is slightly below that of last year (AUS$ 103.9 million). However, AWAL has experienced some decline in its gross profit margin to 12.5% this year compared with 15.6 % last year. AWAL has managed to reduce its borrowing costs during 2005 by the repayment of most of its long term loan.

As discussed earlier, during 2005 management has greatly focused it's attention on the phospate business. As part of a business realignment, the Company has made the decision to secure a portion of it's phosporic acid business supply of phosporic acid by investing in Nanning, China.

By securing its raw material supply and costs, this investment in phosphoric acid is expected to maintain and even enhance AWAL and Petrocentral's competitive position in open market competition with China in both Australia and Indonesia.

Subsidiaries Information

Establishment
AWAL was established in 1939 under Victorian Company Law. It remains incorporated today as a Public Company under Australian Corporation Law and has an Australian Company Number (ACN) 004 234 137.

Location
AWAL's head office is located at 295 Whitehall Street, Yarraville 3013, Victoria, Australia. Its phospate and surfactant manufacturing plants located in Melbourne and Sydney, respectively.

Shareholders
Universal Interchemicals Corp. Pte., Ltd.    99,99%
Hartono Gunawan                      0,05% (1 share)
Yani Alifen                                  0,05% (1 share)

Composition of the Board of Director
Director: John albert Leith
Director: Eddy William Katuari
Director: Paulus I. Setiawan
Director: Jimmy Masrin
Director: Janto Gunawan
Director: Yani Alifen

Total Employees
122 employees

Line of Business
Trading and Investment

Product
Linear Alkylbenzene Sulfonic Acid (LABSA)
Sodium Tripolyphosphate (STPP)
Phosphoric Acid
Food Phosphates and Blends
Sodium Hexametaphosphate
Sodium Lauryl Ether Sulphate (SLES)
Napthalene Sulfonate Formaldehide (NSF)

Wiranusa Grahatama (WG)

PT Wiranusa Grahatama (WG), which was established in 1996, owns a 3.5 ha land located in the heart of Jakarta. In 2004, WG commenced activities to develop an apartment and office complex, which had been put on hold since 1997.

The Pearl Garden low-rise resort apartments are WG's current project. Described as more than just an apartment complex, it represents a new concept where nature blends harmoniously with luxury living, a concept that makes Pearl Garden a unique experience in resort living. With 3.5 ha of grounds, a strictly limited number of units and uncompromising building quality, Pearl Garden is something to aspire to.

Three-in-one is no longer a problem as Pearl Garden has built a bridge to connect its convenient location to a free, three-in-one access road.

All facilities in Pearl Garden are comparable to that of a five-star hotel. The resort offers a variety of gardens ranging from sophisticated Japanese dry garden to lush tropical foliage and incorporates a number of delightful water features. All elements of the resort are specifically designed to provide a truly natural atmosphere. The units are exceptionally designed and this is what made Pearl Garden so unique.

In its Pearl Garden project, WG has appointed well known consultants and contractors such as PT Total Bangun Persada, Davis Langdon and Seah, Coldwell Banker. The artist behind Pearl Garden is Ir. B. Sardjono Sani M.Arch., an inspirational architect who has won awards by from both local and international institutions.

We have closely monitored the construction and marketing costs through effective management and controls. Starting with ground breaking in January 2005 and then foundation completion in April 2005, Pearl Garden celebrated the topping-off ceremony of its construction in March 2006. We are confident that all apartments will be handed over to their new occupants on time.

Subsidiaries Information

Establishment
PT Wiranusa Grahatama was established based on the notarial deed No. 149 of Benny Kristianto SH dated August 12, 1988 which mentioned in state gazette dated 5/1–1990 No. 2 with all the changes. The last changes were on the notarial deed No. 52 Popie Savitri Martosuhardjo Pharmanto SH dated August 27, 2005.

Location
WG office is located at Wisma UIC 1st Floor, Jl. Jend. Gatot Subroto Kav. 6-7, Jakarta 12930

Shareholders
PT Unggul Indah Investama        55%
PT Salim Chemicals Corpora      27%
PT Ekaprana Graha Andika        18%

Composition of the Board of Commissioner
President Commissioner : Andi Hartandi
Commissioner                 : Eddy William Katuari
Commissioner                 : Jimmy Masrin
Commissioner                 : Juventius Sukarman
Commissioner                 : Hanny Sutanto

United Austindo Chemicals Pte., Ltd. (UACPL)

UACPL is a subsidiary which 75% and 25% of its shares owned respectively by AWAL and Petrocentral. UACPL which established on February 7, 2006 and has registered business number 200601616C in Singapore is engaged investing activity. UACPL at present owns 40% ownership of Fang Cheng Tian-Mu Chemical Co., Ltd., China, a company which produces Phosphoric Acid.

Subsidiaries Information

Establishment
United Austindo Chemicals Pte., Ltd. was established on February 7, 2006 and registered under business number 200601616C

Location
Office is located at 179 River Valley Road #03-06, River Valley Building, Singapore 179033

Shareholders
Albright & Wilson (Australia) Limited  75%
PT Petrocentral                                   25%