Blue Bird IPO

completed

Blue Bird is a leading passenger transportation company in Indonesia with the largest fleet of modern passenger vehicles and operating four business lines: (a) regular taxi services; (b) executive taxi services; (c) limousine & car rental services; and, (d) charter bus services. Blue Bird was incorporated in 2001. It currently has a fleet of more than 30,000 vehicles serving more than 8.5 million passengers per month across Indonesia.Blue Bird operates in 17 locations throughout Indonesia serving many of the busiest residential, business and tourist areas in the country. The company plans to expand its operations in existing locations and potentially new geographic areas, depending on Blue Bird’s assessment of the business opportunity.IFC is considering an equity investment in the form of common shares as part of Blue Bird’s IPO. The proceeds of the investment should help support the company’s capital expenditure program for the next few years including the expansion of the taxi fleet and some initiatives to improve efficiency (“Project”).