Penawaran Umum Saham Perdana Initial Public Offering

PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2015 Expressed in thousands of Rupiah, unless otherwise stated 10

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1. GENERAL Continued

Pada tanggal 2 Februari 2010, Perusahaan melakukan penawaran umum terbatas III dengan Hak Memesan Efek Terlebih Dahulu sebanyak 9.454.742.337 lembar saham dengan harga penawaran Rp525 angka penuh per saham. Saham tersebut telah dicatatkan pada Bursa Efek Indonesia. Perusahaan secara bersamaan menerbitkan 630.316.155 waran II yang melekat pada saham baru yang diterbitkan, yang diberikan secara cuma-cuma sebagai insentif kepada para pemegang saham dengan harga pelaksanaan Rp530 angka penuh per waran. On February 2, 2010, the Company held a limited public offering III through Pre-emptive Rights Issue of 9,454,742,337 shares at an offering price of Rp525 full amount per share. The said shares were listed in the Indonesia Stock Exchange. The Company simultaneously issued 630,316,155 warrants II accompanying the new shares issued, which are to be granted free as an incentive to the shareholders at an exercise price of Rp530 full amount per warrant. Tahun perdagangan dan pelaksanaan eksekusi waran II telah berakhir pada tanggal 15 Februari 2013. Hak waran II yang digunakan Perusahaan adalah sebesar 477.690.667 lembar saham dan sisa hak waran II sebesar 152.625.488 lembar. The trading and exercise of warrants II expired on February 15, 2013. The Company’s total exercised warrants II were 477,690,667 shares and the remaining unexercised warrants II were 152,625,488 shares. Pada tanggal 30 Juni 2015, seluruh saham Perusahaan sejumlah 13.720.471.386 lembar saham telah dicatatkan pada Bursa Efek Indonesia. As of June 30, 2015, all of the Company’s outstanding shares totaling 13,720,471,386 shares are listed in the Indonesia Stock Exchange. c. Dewan Komisaris dan Direksi serta Karyawan c. Boards of Commissioners and Directors and Employees Susunan Dewan Komisaris dan Direksi Perusahaan pada tanggal 30 Juni 2015 dan 31 Desember 2014 adalah sebagai berikut: The composition of the Company’s Boards of Commissioners and Directors as of June 30, 2015 and December 31, 2014 is as follows: 30 Juni 2015 31 Desember 2014 June 30, 2015 December 31, 2014 Komisaris Commissioners Komisaris Utama dan President Commissioner and Komisaris Independen Soedjai Kartasasmita Soedjai Kartasasmita Independent Commissioner Wakil Komisaris Utama Ir. Bobby Gafur Umar - Vice President Commissioner Komisaris Independen Prof. Dr.Ir.Bungaran Saragih Prof. Dr.Ir.Bungaran Saragih Independent Commissioner Komisaris Independen Dr. Ir. Anton Apriyantono Dr. Ir. Anton Apriyantono Independent Commissioner Komisaris Anindya Novyan Bakrie Anindya Novyan Bakrie Commissioner Komisaris Adika Nuraga Bakrie - Commissioner Komisaris - Moh. Eddy D. Soeparno Commissioner Komisaris - Ir. Gafur Sulistyo Umar Commissioner Direksi Directors Direktur Utama Ir. Muhammad Iqbal Zainuddin Ir. Muhammad Iqbal Zainuddin President Director Direktur Independen Drs. Rudi Sarwono, M.M. Drs. Rudi Sarwono, M.M. Independent Director Direktur Balakrishnan Chandrasekaran Balakrishnan Chandrasekaran Director Direktur Andi Widianto Andi Widianto Director Direktur Chenji Srinivasan Seshadri Chenji Srinivasan Seshadri Director Direktur Adhika Andrayuda Bakrie - Director Direktur Boey Chee Weng - Director Berdasarkan Rapat Umum Pemegang Saham Tahunan pada tanggal 25 Juni 2015 yang telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia dalam Surat Keputusan No.AHU-AH.01.03-0950592 tanggal 10 Juli 2015. Appointed during the Annual Shareholders General Meeting held on June 25, 2015 was approved by the Ministry of Law and Human Rights in its Decision Letter No. AHU- AH.01.03.0950592 dated July 10, 2015. PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2015 Expressed in thousands of Rupiah, unless otherwise stated 11

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