Material Requirements 1 Integrity: Requirements

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c. Other requirements

5 1 Not an official of political parties andor a candidate of State legislative members andor a State legislative member. Candidate of the legislative member or legislative member consists of candidatemember of House of Representative, House of Regional Representatives, Regional House of Representative Level 1, and Level 2 of Regional House or Representatives. 2 Not a candidate of HeadDeputy Head of the Distric andor HeadDeputy Head of District. 3 Not serving as director in state owned enterprise concerned for 2 two consecutive periods. 4 Has dedication and allocates time fully to perform his duties 5 Physically and mentally healthy currently not suffering from an illness that could obstruct the implementation of duties as a member of the Board of Directors which is evidenced by the certificate of health issued by public hospitals. 6 Between members of the Board of Directors and among members of the Board of Directors and the Board of Commissioners is prohibited to have family relationships up to the third degree, either vertically or horizontally, including the relationships arising from marriage. 6

3. Composition of the Board of Directors

The Board of Directors is in charge collectively, but in order to be more efficient and effective in performing the duties, there is a segregation of duties among the Directors. 7 Therefore, although there is segregation of duties, the Board of Directors as an organ of the Company all members of the Board of Directors collectively has authority on the management of special task entrusted to a director and therefore is obliged to oversee its implementation. 5 Regulation of the Minister of SOE No. PER-03MBU022015 Article II Letter C 6 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 23 7 Law Number 40 of 2007 Article 92 ayat 5 dan 6 11 CHAPTER I INTRODUCTION CHAPTER II BOARD OF DIRECT ORS BOD CHAPTER III BOARD OF COMISSIONERS BOC CHAPTER IV ACTIVITY AMONG COMP ANY’S ORGAN CHAPTER V CLOSING 1 12 The composition of the Board of Directors is a group of professionals who have the knowledge and experience as required by the Company to allow the effective, efficient and immediate decision making process. The segregation of duties and authorities of each member of the Board of Directors is determined by the GMOS. In the event that the GMOS does not determine, the segregation of duties and authorities of members of the Board of Directors is determined by the meeting of the Board of Directors 8 and can be consulted with BOC

4. Nomination

Board of Directors members are appointed from candidates proposed by the Shareholders and the nomination is binding for the GMOS. 9 Candidate of Directors may come from: 10 a. The Directors of SOE, b. Board of CommissionersSupervisory Board of SOE, c. Talents of the Company, which consists of: 1 Officials of one level below the Board of Directors or officials who have special achievements, 2 Board of Directors of subsidiaryjoint venture of the Company. d. The Talents of Ministry of State Owned Enterprises, e. Other sources which consist of: 1 Officials of other SOE, and 2 Other sources

5. Appointment of Directors

a. The candidates of Directors, who have passed the formal requirements and other requirements as well as the fit and proper test UKK, will be proposed to the GMOS to be appointed. b. The selected Board of Directors members sign a management contract, Pact of Integrity and an affidavit that contains the ability to perform tasks well and are ready to be dismissed at any time upon Ministerial considerationGMOS. 11 8 Article of Association of PT SUCOFINDO PERSERO Article 11 Paragraph 26 9 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 10 10 Regulation of the Minister of SOE No. PER-03MBU022015 Article III Letter A 11 Regulation of the Minister of SOE No. PER-03MBU022015 Article III Letter E 12