1. Authorized the Board of Commissioners to determine

Touche Tohmatsu Limited by signing the offer letter from Deloitte No. 135102011GA660 dated October 14, 2011 to audit and create the Consolidated Financial Statements of the Company and its subsidiaries and the Independent Auditor’s Report for iscal year 2011.

V. 1. Agreed to guarantee loans worth more than more than

50 of the net worth of the Company in order to gain funding for the Company or a subsidiary of the Company; 2. Provide authority and power to the Board of Directors with the approval of the Board of Commissioners, to perform all necessary actions in connection with making the decision to guarantee the debt of more than 50 of net assets of the Company, in accordance with the provisions of applicable laws. Realization: The act of guaranteeing this debt of more than 50 of net assets of the Company has been carried out within the framework of the Corporate Action issuance of the Agung Podomoro Land Bond I Year 2011 in August 2011 “Bond I”, with once the land certiicate has been divided Central Park Mall as collateral for repayment of the aforementioned Bond I. BOARD OF COMMISSIONERS DuTIES AND RESPoNSIBILITIES The Board of Commissioners is responsible for general oversight of the Company and supervising the Board of Directors in discharging their duties. MEMBERSHIP Our Board of Commissioners comprised of three members, include one independent commissioner, in regard to the implementation of the good corporate governance where a listed company must have independent commissioners which represent at least 30 thirty percent of the total members of the Board of Commissioners. Members are appointed by the GMS for a term period of 5 ive years starting from the GMS at which they are appointed, until the closing of the ifth GMS since their appointment without prejudice to ability of the GMS to discharge them at any time. Proiles of each Commissioner may be found on page 201. Deloitte No. 135102011GA660 tanggal 14 Oktober 2011 untuk melakukan audit dan membuat Laporan Keuangan Konsolidasian Perseroan dan anak perusahaan dan Laporan Auditor Independen untuk tahun buku 2011.

V. 1. Menyetujui tindakan menjadikan jaminan hutang