Construction of coal stockpiles and coal loading jetty

Schedule 574 PT BAYAN RESOURCES AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 MARCH 2008 AND 2007 AND 31 DECEMBER 2007, 2006 AND 2005 Expressed in million Indonesian Rupiah, unless otherwise stated 28. SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES continued l. Construction of coal stockpiles and coal loading jetty continued FKP On 22 December 2006, FKP entered into an agreement with PT Nirmala Matranusa for the construction of coal stockpiles phase I and coal loading facility at Muara Bunyut, Melak, with a contract price of US3,465,000. IP On 22 February 2008, IP entered into an agreement with PT Nirmala Matranusa for the construction of intermediate coal stockpile located at Empaku, East Kutai, East Kalimantan with a total contract of US2,060,135. The project commenced on 5 March 2008 with an expected construction period of ten months. On 19 March 2008, IP entered into an agreement with PT Nirmala Matranusa for the construction of intermediate coal stockpile located at Gunung Sari, Kutai Kertanegara, East Kalimantan with a total contract of US955,000. The project commenced on 2 April 2008 with an expected construction period of eight months. PIK On 15 February 2008, PIK entered into an agreement with PT Nirmala Matranusa for the construction of coal loading jetty facility Phase 2 located at Lubuk Tutung, Bengalon, East Kutai, East Kalimantan with a total contract of US2,368,000. The project commenced on 29 February 2008 with an expected construction period of ten months.

m. Bank facilities

The Company On 10 August 2007, the Company entered into a credit facility agreement with PT Bank Danamon Indonesia Tbk. The agreement has been amended several times. Based on the latest amendment on 4 February 2008, the agreement expires on 30 October 2008. The facilities provided under the agreement are as follows: Type of facility Limit Available facility Omnibus LG consists of: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . US4,650,000 US4,650,000 —Sight Letter of Credit Import . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —Usance Letter of Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —Bank Guarantee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —Standby Letter of Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —Letter of Credit for Local Document . . . . . . . . . . . . . . . . . . . . . . . . . . F-91 Schedule 575 PT BAYAN RESOURCES AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 MARCH 2008 AND 2007 AND 31 DECEMBER 2007, 2006 AND 2005 Expressed in million Indonesian Rupiah, unless otherwise stated

28. SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES continued m. Bank facilities continued