Secretary to the Board of Commissioners

1 38 38 3 Was convicted for committing criminal acts which harmed the financial and orrelated to the financial sector. c. In addition to the requirements as mentioned in point b, must also meet other requirements defined by the technical agencies based on legislation. 95 d. Eligibility as stated on point b is evidenced by an affidavit signed by the candidate of member of the Board of Directors and the letter is kept by the Company 96 e. Appointment of member of the Board of Driectors is performed by considering the skills, experience and other requirements based on the legislation. 97 f. Person with good character and has the ability to perform tasks carefully in accordance with his position. g. Does not represent the interests of a particular political party. h. Has passed the selection through fit and proper test that is carried out by a team formed by the Minister of State-Owned Enterprises without going through a professional institution or professional institutions designated by the Minister of State-Owned Enterprises SOE. 98

2. Composition of the Board of Directors

a. The number of the Board of Directors members is in line with the requirements of the Company. In the event of the Board of Directors consists of more than 1 one member of the Board of Directors, one of them is appointed as the President Director. 99 b. Composition of the Board of Directors must allow effective, precise and fast decision making and can act independently. 100

3. Terms of Office of the Board of Directors

a. The terms of office of members of the Board of Directors is determined for 5 five years and may be reappointed for one 1 term. 101 95 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 2 96 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 4 97 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 5 98 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 5 99 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 1 100 The General Guidelines of Good Corporate Governance Indonesia issued by the National Committee on Governance NCG 2006 Chapter IV D Board of Directors 101 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 11, Law No. 19 Year 2003 Article 16 Paragraph 4