DNP and Wahyu Kartumasindo International Establish Smart Card Personalization Joint Venture "PT. Wahyu DNP Bureau"

March 2, 2016

Dai Nippon Printing Co., Ltd. (DNP) will establish a joint venture company,PT. Wahyu DNP Bureau, with the largest Indonesian card manufacture, Wahyu Kartumasindo International (WKI). PT. Wahyu DNP Bureau will provide smart card personalization services to the Indonesian market.

DNP, well known as the largest card manufacture in Japan, has led smart card industry providing smart cards and related solution services to finance, tele-communications, logistics, public transportation, and variety of industries in Japan. In Indonesia smart cards has recently become commonly used in major banks and public transportation systems, which generates more needs for smart card personalization in highly secured environment due to handling personal privacy information. DNP viewsIndonesia as future promising market and entered into the strategic alliance with WKI, to establish a joint venture of smart card personalization service bureau. The joint venture company will leverage DNP's outstanding technologies enhanced by its long time smart card business experiences and WKI's leading sales network and domestic card manufacturing capabilities in Indonesia. DNP will expand card business contributed by the addition of its smart card personalization capabilities in Indonesia.

Smart card market has been rapidly growing in the South East Asian region, especially in finance, tele-communications and public transportation. In March2014, DNP had entered into the agreement of partial ownership with MK SmartJoint Stock Company, the largest card manufacturer in Vietnam. DNP is and will be fully committed providing competitive capabilities to customers in SouthEast Asia though the strategic alliance with the partners. The addition of PT. Wahyu DNP Bureau to DNP's South East Asia strategic alliance group will boost up its capabilities to the industry.