Information on Subsidiaries PENAWARAN UMUM PERDANA

damages in terms of the shareholder are unable to return the interim dividend referred to above.

10. Information on Subsidiaries

This following is brief information regarding the subsidiaries: Name of Company Business Activit y Percenta ge of ow nersh ip Year of Participa tion Operationa l Status Location PT Roundhill Capit al Indonesia Invest m ent in shar es 99,016 2006 Jakar t a PT Kuansing Int i M akm ur Coal Tr ading and Explorat ion 99,998 2009 Operat ion Bungo, Jam bi PT Tr isula Kencana Sakt i Coal M ining 70,000 2010 Operat ion Nor t h Barit o, Cent ral Kalim ant an PT Bor neo Indobara t hrough RCI Coal M ining 98,095 2006 Operat ion Tanah Bum bu, Sout h Kalim ant an PT Tanjung Belit Bar a Ut am a t hrough KCP Coal M ining 99,798 2010 Bungo, Jam bi PT Karya Cem erlang Per sada t hrough KIM Coal M ining 99,998 2010 Bungo, Jam bi PT Bungo Bara Ut am a t hrough KIM Coal M ining 99,998 2010 Bungo, Jam bi PT Bara Har m onis Bat ang Asam t hrough KIM Coal M ining 99,998 2010 Operat ion Bungo, Jam bi PT Berkat Nusant ara Perm ai t hrough KIM Coal M ining 99,998 2010 Bungo, Jam bi PT M anggala Alam Lest ar i Coal M ining 99,992 2009 M usi Banyuasin, Sout h Sum at era PT Nusa Indah Perm ai t hrough M AL Coal M ining 99,982 2010 M usi Banyuasin, Sout h Sum at era PT DSSP Pow er Sum sel Pow er Gener at ion 5,000 2011 Jakar t a Source: The Company

11. Material Case

As of the date of publication of this prospectus, BIB was recorded in a civil case which at present has been final and binding as follows: a. RCI and BIB were recorded in a civil case each in its capacity the defendant II and the defendant III against GE Haryanto as the plaintiff. On June 23, 2008, the Central Jakarta District Court through the Decision on Case No.363PDT.G2007PN.JKT.PST adjudicated to reject the plaintiff’s claims. Furthermore, the Jakarta High Court by Decision No. 608PDT2008PT.DKI, dated January 12, 2009 decided to strengthen the Central Jakarta District Court Decision No.363PDT.G2007PNJKT.PST dated June 23, 2008 which were filed the appeal. This civil case has been decided at the last levelcassation by the Supreme Court by Decision No. 1680.KPDT2009, dated March 18, 2010 rejected an appeal from the plaintiffcassation applicant; and b. The PKP2B holders including BIB through the Association of Coal Mining Indonesia “APBI” a pplied for judicial review to the Supreme Court of Regulation Minister of Finance No. 95PMK.022005, dated October 11, 2005 as amended by Regulation of Ministry of Finance No. 131PMK.0102005 dated December 23, 2005 which establishes coal as an object of export levies. The request has been decided at the first level District Court and the last level by the Supreme Court by Decision No.07PHUMTAHUN 2006, dated July 21, 2006 which basically won the APBI and states that the Regulation of Minister of Finance No. 131PMK.0102005, dated December 23, 2005 declared annulled by law and ordered the Minister of Finance to immediately revoke the regulation. Other that the cases mentioned above, the Company and its Subsidiaries are not facing subpoena, reprimand, and not involved in dispute or claim either in court or out of court, that is material and has no impact on business activities and operations of the Company and its subsidiaries or subpoena, reprimand or dispute or claim against the assets or shares ownership in the Company and its subsidiaries.

I. PUBLIC OFFERING

The Managing Underwriter and the Underwriters on behalf of the Company hereby conduct a public offering of 882,353,000 eight hundred and eighty-two million three hundred and fifty three thousand registered common shares, or 15 fifteen percent of all issued and fully paid capital after the public offering with par value of Rp100 one hundred Rupiah per share, with the Offering Price of Rp2,500 two thousand five hundred Rupiah per share to be paid in full at the time submitting the Share Subscription Order Form, therefore the total value of the shares is Rp2,205,882,500,000 two trillion two hundred and five billion eight hundred and eighty two million five hundred thousand Rupiah. The shares offered in this Public Offering will give the hold-ers thereof the same and equal rights in all respects as and to those of other shares in the Company which have been issued and fully paid, including the right to dividend distribution. Main Business Activities: Engaged in Mining Sector through Subsidiaries and Coal Trading Based in Central Jakarta, Indonesia HEAD OFFICE Plaza BII Tower II 27th Floor Jalan M.H. Thamrin No. 51 Jakarta 10350 Phone: 0881-110 -9999 Fax: 021 3199 0319 E-mail : corsecgoldenenergymines.com Website : www.goldenenergymines.com THE MAIN RISK FACED BY THE COMPANY IS THE RISK OF SIGNIFICANT COAL PRICE FLUCTUATION. OTHER BUSINESS RISKS CAN BE SEEN IN

CHAPTER VI OF THIS PROSPECTUS

The Company is domiciled in Central Jakarta, is a limited liability company established under and based on existing rule and regulations in the Republic of Indonesia under the name PT Bumi Kencana Eka Sakti by the Deed of Establishment No. 81 dated March 13, 1997, made before Imam Santoso, SH, Notary in Jakarta “Deed of Establishment”. The Deed of Establishment has been approved by the Minister of Justice pursuant to Decision No. C2-7.922.HT.01.01 TH.98 dated June 30, 1998 and has been registered in the Company Register in accordance with UUWDP No. TDP 090515142049 in the Company Registration Office of Central Jakarta Municipality under No. 2178BH 09.05XI2000 dated November 7, 2001 and has been published in the State Gazette No.30 dated April 12, 2002, Additional No.3667. Company changed its name from its original name “PT Bumi Kencana Eka Sakti” to become “PT Golden Energy Mines Tbk.”, based on the decision of the Company’s shareholders as set forth in the Deed of Meeting Decision Statement PT Bumi Kencana Eka Sakti No. 43, dated November 16, 2010, made before Linda Herawati, SH, Notary in Central Jakarta. Articles of Association have been amended several times and last modified in accordance with the Deed of Meeting Decision Statement of PT Bumi Kencana Eka Sakti No. 43, dated November 16, 2010, made before Linda Herawati, SH, Notary in Central Jakarta. The Deed of Meeting Decision Statement of PT Bumi Kencana Eka Sakti No. 43 dated November 16, 2010 has obtained approval from the Ministry of Justice pursuant to Decision No. AHU-54931.AH.01.02.Year 2010 dated November 23, 2010, has been registered in the Company Register No. AHU- 0084940.AH.01.09. Year 2010 dated November 23, 2010 and has been received and noted in the database of Legal Entities Administration System of Ministry of Justice and Human Rights of the Republic of Indonesia No. AHU-AH.01.10-30717 dated November 30, 2010 and has been registered in the Company Register No. AHU-0086853.AH.01.09.Year 2010 dated November 30, 2010, of which contents among others are the approval of the Companys status alteration from a Closely Held Company to a Publicly listed Company, alteration of all provisions of the Company’s Articles of Association within the framework of adjustment with the regulation of Bapepam-LK No. IX.J.1, and alteration of the Company’s name as mentioned above. Since inception, the Company has a major business operation in mining sector through the subsidiaries and Coal Trading. The Company’s capital structure and shareholders’ composition on the date this Prospectus is published is was set forth in the Deed No. 74 dated October 22, 2010, prepared by Hannywati Gunawan, SH, Notary in Jakarta, where the deed has obtained approval from the Minister Law based on the Decision No. AHU-50927.AH.01.02.Year 2010 dated October 29, 2010, registered in the Company Register No. AHU- 0078459.AH.01.09.Year 2010 dated October 29, 2010, restated in Deed. No. 43 dated November 16, 2010, made before Linda Herawati, SH, Notary in Jakarta, which is as follows: Description Par Value of Rp100,- per share Total Shares Total Par Value Rp Aut horized Shar e Capit al 20,000,000,000 2,000,000,000,000 Issued and Fully Paid PT. Dian Sw ast at ika Sent osa Tbk 4,999,990,000 499,999,000,000 99.99 PT Sinar M as Cakraw ala 10,000 1,000,000 0.01 Tot al Issued and Fully Paid 5,000,000,000 500,000,000,000 100.00 Port folio Shares 15,000,000,000 1,500,000,000,000

1. PENAWARAN UMUM PERDANA

By letter of Bapepam-LK No. S-12171BL2011 dated November 9, 2011, the Company’s Statement of Registration in order to conduct an Initial Public Offering of 882,353,000 eight hundred and eighty two million three hundred and fifty three thousand of Registered Common Shares derived from the portfolio with par value of Rp100 one hundred Rupiah per share has become effective. Upon the sale of all the shares being offered in this Public Offering, the capital structure and shareholders’ composition of the Company before and after this Public Offering are as follows: Description Before IPO After IPO Tot al Shares Tot al Par Value Rp Total Shares Total Par Value Rp A. Aut horized Share Capit al Par Value of Rp100,- 20,000,000,000 2,000,000,000,000 20,000,000,000 2,000,000,000,000 B. Issued and Fully Paid PT Dian Sw ast atika Sent osa Tbk 4,999,999,000 499,999,000,000 99.99 4,999,999,000 499,999,000,000 84.99 PT. Sinar M as Cakraw ala 10,000 1,000,000 0.01 10,000 1,000,000 0.01 Public - - - 882,353,000 88,235,300,000 15.00 Tot al Issued and Fully Paid 5,000,000,000 500,000,000,000 100.00 5,882,353,000 588,235,300,000 100.00 C. Port folio Shares 15,000,000,000 1,500,000,000,000 14.117.647.000 1.411.764.700.000 All the shares offered in this Public Offering consist of new shares derived from the Portfolio that will give the holders thereof the same and equal rights in all respects as and to those of other shares in the Company which have been issued and fully paid, among others are voting right, right to divident distribution, Bonus Share, and Pre-Emptive Right. In conjunction with the listing of 882,353,000 eight hundred and eighty two million three hundred and fifty three thousand Registered Common Shares at this Public Offering or 15.00 fifteen percent from all issued and fully paid share capital after Public Offering, the Company will record 5,000,000,000 five billion shares belonging to the founding Shareholders, therefore the number of shares listed in the Indonesia Stock Exchange after this initial Public Offering will be 5,882,353,000 five billion eight hundred and eighty two million three hundred and fifty three thousand shares or 100 one hundred percent from all issued and fully paid share capital.

2. Summary of Strategic Agreement