Shareholders with Ownership More Than 5 MainControlling Shareholder

4. Proportion of Common Stock Held in Indonesia and Abroad

As of December 31, 2014, we had 42,508 common stock shareholders, including the Government. This total includes 39,971,745,785 common stock shares owned by 1,971 shareholders outside Indonesia. As of the same date, there were 98 ADS shareholders who owned 55,381,118 ADS 1 ADS is equivalent to 200 common stock shares.

5. List of the 20 Biggest Public Shareholders

The following was our twentieth biggest of public shareholders on December 31, 2014. No Shareholders Name Percentage of Ownership 1 BPJS KETENAGAKERJAAN-JHT 1.07 2 BNYM SANV AS CUST OF EMPLOYEES PROVIDEN 1.06 3 BBH BOSTON SA VANGRD EMG MKTS STK INFD 0.97 4 GIC SA GOVERNMENT OF SINGAPORE 0.95 5 JPMCB-VIRTUS EMERGING MARKETS OPPORTUNIT 0.72 6 PT PRUDENTIAL LIFE ASSURANCE-REF 0.64 7 HSBC BANK PLC SA SAUDI ARABIAN MONETARY 0.58 8 BBH BOSTON SA MATTHEWS PACIFIC TIGER FU 0.52 9 RBC ISB SA VONTOBEL FUND-EMERGING MARKE 0.48 10 SSB OBIH SA ISHARES MSCI EMERGING MARKE 0.43 11 THE NORTHERN TRUST CO SA SAUDI ARABIAN 0.41 12 JPMCB-STICHTING DEPOSITARY APG EME MRKT 0.39 13 SSB 1BA9 ACF MSCI EQUITY INDEX FUND B-IN 0.39 14 JPMCB-JPMORGAN FUNDS -2157804185 0.38 15 SSB ZM47 SA INVESCO DEVELOPING MARKETS 0.35 16 JPMCB-VANGUARD TOTAL INTERNTNL STOCK IND 0.34 17 PT AIA FINL - UL EQUITY 0.32 18 HSBC BK PLC RE AGUS FUND MANAGER SA ABU 0.31 19 BNYM SANV AS CUST OF NEWTON ASIAN INCOM 0.31 20 BBH BOSTON SA MATTHEWS ASIA DIVIDEND FU 0.26 87 2014 Annual Report PT Telkom Indonesia Tbk Persero CHRONOLOGY OF STOCK ISSUED Date Corporate Actions Share Ownership Composition Government of the Republic Indonesia Public 13111995 Pre Initial Public Offering “Pre-IPO” 8,400,000,000 100.0 - - 14111995 IPO Sale of Government’s shares 933,334,000 933,334,000 New shares issued by Telkom - 933,333,000 Share Ownership Composition 7,466,666,000 80.0 1,866,667,000 20.0 11121996 Block Sale of Government’s shares 388,000,000 388,000,000 Share Ownership Composition 7,078,666,000 75.8 2,254,667,000 24.2 15051997 Distribution of incentive shares by the Government to public shareholders 2,670,300 2,670,300 Share Ownership Composition 7,075,995,700 75.8 2,257,337,300 24.2 07051999 Block Sale of Government’s shares 898,000,000 898,000,000 Share Ownership Composition 6,177,995,700 66.2 3,155,337,300 33.8 02081999 Distribution of bonus shares emission every 50 shares acquire 4 shares 494,239,656 252,426,984 Share Ownership Composition 6,672,235,356 66.2 3,407,764,284 33.8 07122001 Block Sale of Government’s shares 1,200,000,000 1,200,000,000 Share Ownership Composition 5,472,235,356 54.3 4,607,764,284 45.7 16072002 Block Sale of Government’s shares 312,000,000 312,000,000 Share Ownership Composition 5,160,235,356 51.2 4,919,764,284 48.8 01102004 Stock Split 1:2 10,320,470,712 51.2 9,839,528,568 48.8 21122005 Share repurchase program I - 211,290,500 Share Ownership Composition 10,320,470,712 51.7 9,628,238,068 48.3 29062007 Share repurchase program II - 215,000,000 Share Ownership Composition 10,320,470,712 52.3 9,413,238,068 47.7 20062008 Share repurchase program III - 64,284,000 Share Ownership Composition 10,320,470,712 52.5 9,348,954,068 47.5 19052011 Share repurchase program IV - 520,355,960 Share Ownership Composition 10,320,470,712 53.9 8,828,598,108 46.1 14062013 Transferred a portion of Share repurchase program III to employees through ESOP Program - 59,811,400 Share Ownership Composition 10,320,470,712 53.7 8,888,409,508 46.3 30072013 Transferred share repurchase program I by private placement - - 211,290,500 - Share Ownership Composition 10,320,470,712 53.1 9,099,700,008 46.9 02092013 Stock Split 1:5 51,602,353,560 53.1 45,498,500,040 46.9 13062014 Transferred share repurchase program I by private placement - - 1,075,000,000 - Share Ownership Composition 51,602,353,560 52.6 46,573,500,040 47.4 1 The first share repurchase program started on December 21, 2005 the date of the Extraordinary General Meeting of Shareholders at which the program was approved and ended in June 2007. 2 The second share repurchase program started on June 29, 2007 the date of the Extraordinary General Meeting of Shareholders at which the program was approved and ended in June 2008. 3 The third share repurchase program started on June 20, 2008 the date of the Extraordinary General Meeting of Shareholders at which the program was approved and ended in December 2009. 4 The fourth share repurchase program started on May 19, 2011 the date of the Annual General Meeting of Shareholders at which the program was approved and ended in November 2012. 88 2014 Annual Report PT Telkom Indonesia Tbk Persero FINANCIAL AND PERF ORMANCE HIGHLIGHT MANA GEMENT REPOR T PREF A GENERAL INF ORMA TION OF TELK OM INDONE SIA MANA GEMENT’S DISCUSSION AND ANAL Y SIS CORPORA TE GO VERNANCE SOCIAL AND ENVIRONMENT AL RE SPONSIBILITY APPENDICE S

1. Employee Stock Ownership Program

The Employee Stock Ownership Program “ESOP” is an employee-owner scheme that provides our employee with an ownership interest in our Company. At our initial public offering on November 14, 1995, a total of 116,666,475 shares were issued to 43,218 employees. On June 14, 2013, the Company transferred a portion of the treasury As of December 31, 2012, we had repurchased 5,054,652,300 common stock shares, equivalent to 5.0 of our issued and outstanding common stock, at an aggregate repurchase price of Rp8,067 billion, excluding broker and custodian fees. Under our repurchase program, we repurchased 591,882,500 shares in 2006, 631,820,000 shares in 2007, 1,229,170,000 shares in 2008, 1,415,427,300 shares in 2011 and 1,186,352,500 shares in 2012. In last program, SBB IV in 2011 and 2012, we repurchased 2,601,779,800 common stock shares at an aggregate repurchase price Rp3,803 billion. On April 19, 2013 in accordance with the Resolution of the AGMS and regard with clause 4 letter a number 3 Bapepam-LK XI.B.2 we executed the transfer of 299,057,000 shares of Series B from Share Buyback Phase III through Employee Stock Ownership Program. On July 30, 2013, we sold 1,056,452,500 shares which are part of Share Buyback Phase I by private placement. The selling price was Rp2,280 per share, which is not lower than Rp1,731 per share which is the average repurchase price of treasury stock, Rp2,258 per share which is the average closing price for the last 90 ninety days before the sale, and Rp2,280per share, which is the closing price on the day before the selling date. On June 13, 2014, we sold 1,075.000,000 shares which are part of Share Buyback Phase II by private placement. The selling price after stock split was Rp2,405 per share, which is not lower than Rp1,832 per share which is the average repurchase price of treasury stock, Rp2,330 per share which is the average closing price for the last 90 ninety days before the sale, and Rp2,405 per share, which is the closing price on the day before the selling date. stock to its employees as part of the 2012 annual incentives. The 59,811,400 equal to 299,057,000 shares after stock split reasury stock transferred to 24.993 employees which had a total fair value of Rp661 billion. As of December 31, 2014, 139,140,110 of our shares were owned by 16,805 of our employees and our retirees. In 2014, we did not conduct the ESOP.

2. Purchases of Equity Securities by The Issuer and Affiliated Purchasers

Share Buy Back Program Accordance with Purchase Periode Total Number of Shares Purchased Average Price Paid per Share in Rp Total Number of Shares Purchased as Part of Publicly Announced Plans Maximum Number of Shares that May Yet Be Purchased Under the Plans SBB I EGMS December 21, 2005 December 21, 2006 - June 20, 2007 1,056,452,500 1,731 1,056,452,500 - SBB II AGMS June 29, 2007 June 29, 2007 - December 28, 2008 1,075,000,000 1,832 1,075,000,000 - SBB III AGMS June 20, 2008 June 20, 2008 - December 20, 2009 321,420,000 1,448 321,420,000 - SBB IV AGMS May 19, 2011 May 19, 2011 - November 20, 2012 2,601,779,800 1,461 2,601,779,800 - 89 2014 Annual Report PT Telkom Indonesia Tbk Persero