BEEF IMPORT CARTEL

On 22 April 2016, the Business Competition Supervisory Commission (KPPU) found 32 importer and feedlot companies in violation of Articles 11 and 19(c) of
the anti-monopolies law and levied fines totaling over Rp. 107bn (approximately USD8m at current exchange rates).

Article 11 of Law No. 5/1999 prohibits production and distribution cartels, while Article 19(c) prohibits anti-competitive actions which may limit the supply of
goods in the relevant market. In this case, the relevant market was the trade of imported cattle in Jakarta, Bogor, Depok, Tangerang and Bekasi (Jabodetabek).

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