Notes to Pro Forma Financial Statements (unaudited)
1. Basis of Combination.
The unaudited Pro Forma Condensed Schedule of Investments, Pro Forma Condensed Statement of Assets and
Liabilities and Pro Forma Condensed Statement of Operations give effect to the proposed reorganization (the
"Reorganization") of The Indonesia Fund, Inc. ("IF") and the Jakarta Growth Fund, Inc. ("JGF"), in which IF will
acquire substantially all the assets and assume all of the liabilities of JGF in exchange for shares of IF. As a result
of the reorganization, each JGF shareholder will receive shares of IF having an aggregate net asset value equal to
the aggregate net asset value of such shareholder's JGF shares (except that cash will be paid in lieu of fractional
shares). The proposed Reorganization will be accounted for by the method of accounting for tax-free
reorganizations of investment companies. The accounting survivor will be the IF.
The pro forma combined statements should be read in conjunction with the historical financial statements of the
constituent Fund and the notes thereto incorporated by reference in the Registration Statement filed on Form N-
IF and JGF are both closed-end, non-diversified management investment companies registered under the
Investment Company Act of 1940, as amended.
Pro Forma Adjustments:
The Pro Forma adjustments below reflect the impact of the Reorganization between IF and JGF.
(a) To reflect an additional $22,251 of expenses incurred with the failed merger and estimated expenses of
$245,000 to be incurred in connection with the Reorganization. In addition, IF will assume all of JGF's
Reorganization-related expenses up to $100,000. Further, these Reorganization-related fees along with the
accumulated net investment loss of JGF are assumed to be classified against paid-in capital after the
(b) To restate the common stock par value of JGF ($0.10 per share) to conform with the common stock par
value of IF ($0.001 per share).
(c) To reflect an estim