Moody’s withdraws Radiant’s A3.id ratings

Moody's withdraws Radiant's A3.id ratings

Approximately IDR 100 billion bonds affected

Jakarta, June 30, 2009 -- PT Moody's Indonesia has today withdrawn the
A3.id national scale issuer and bond ratings of PT Radiant Utama
Interinsco Tbk. ("Radiant") for business reasons.

This action does not reflect a change in Radiant's creditworthiness.
Refer to www.moodys.com for details on Moody's withdrawal policy.

The last rating action for Radiant was taken on 5 June 2007, when its
A3.id ratings were assigned for the first time with a stable outlook.

The principal methodology used in rating this issuer was the Rating
Methodology -- Global Oilfield Services Industry, December 2006, which
can be found at www.moodys.com in the Research & Ratings directory, in
the Rating Methodologies subdirectory.

Other methodologies and factors that may have been considered in the
process of rating this issuer can also be found in the Research & Ratings
directory.

Radiant, formed in 1984, is part of the Radiant Utama Group of companies.
As of 31 March 2009, the company was owned by PT Radiant Nusa Investama
(61.61%), Value Monetization Ltd. (15.58%), Mr Asad Umar Baredwan (2.65%)
and the public (20.16%).

Through its subsidiaries, PT Supraco Indonesia and PT Radiant Tunas
Interinsco, Radiant mainly provides operational support, non-destructive
testing (NDT), inspection and certification, operation & maintenance as
well as offshore services to the oil & gas sector.

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