Mechanism of Organizing the GMOS

1 105 1 Request for holding of GMOS by Shareholder is re-submitted to the Board of Commissioners, or 2 The Board of Commissioners performs the calling of the Organization of the GMOS. b. The Board of Commissioners is obligated to perform the calling of the GMOS as mentioned point a article 1 for a period of at least 15 fifteen days counted from the date of request holding of GMOS is accepted. 214 c. The GMOS that is held by the Board of Directors can only discuss issues which relate to the reason requested and other meeting agenda deemed necessary by the Directors. 215 d. The GMOS that is held by the Board of Commissioners, only discuss issues related to the reasons requested by the Board of Directors. 216 e. If the Board of Directors or the Board of Commissioners does not perform the call for the GMOS for a period of at least 15 fifteen days counted from the date of request holding of GMOS, the shareholders who requested the holding of the GMOS can do its own calling of GMOS after getting permission from the Chairman of the District Court of the Company domicile. 217 f. The calling of the GMOS is carried out for a period of at least 14 fourteen days prior to the date of the GMOS is held, by notwithstanding the date of the invitation and the date of the GMOS. 218 g. The calling of the GMOS is carried out by a registered mail andor by advertisement in newspapers. 219 h. The call for the GMOS should indicate the date, time, place and agenda of the meeting accompanied by a notice that the materials which will be discussed in the GMOS are available in the Company office where the GMOS is held. 220 i. The Company is required to provide a copy of the material of the GMOS agenda to shareholders at no cost if requested. 221 214 Article of Association of PT SUCOFINDO PERSERO Article 23 Paragraph 11 215 Article of Association of PT SUCOFINDO PERSERO Article 23 Paragraph 12 216 Article of Association of PT SUCOFINDO PERSERO Article 23 Paragraph 13 217 Article of Association of PT SUCOFINDO PERSERO Article 23 Paragraph 14 218 Article of Association of PT SUCOFINDO PERSERO Article 23 Paragraph 15 219 Article of Association of PT SUCOFINDO PERSERO Article 23 Paragraph 16 220 Article of Association of PT SUCOFINDO PERSERO Article 23 Paragraph 17 221 Article of Association of PT SUCOFINDO PERSERO Article 23 Paragraph 18 105 CHAPTER I INTRODUCTION CHAPTER II BOARD OF DIRECT ORS BOD CHAPTER III BOARD OF COMISSIONERS BOC CHAPTER IV ACTIVITY AMONG COMP ANY’S ORGAN CHAPTER V CLOSING 1 106 j. In the event that the calling of GMOS does not comply with the provisions, the decision of the GMOS, remains valid if all shareholders with legitimate voting rights are present or represented in the GMOS and such decision is approved with a consensus. 222

4. Chairman and Minutes of GMOS

a. If not specified otherwise in the articles of Association, the GMOS is led by one of the shareholders who is elected by and from among those present. 223 b. Each GMOS must produce minutes of meeting that is signed by the Chairman of the meeting and at least 1 one person the Shareholders who is appointed by the participants of GMOS. 224 c. Signatures in the minutes of meeting are not required if the minutes of the GMOS is made by a notarial deed. 225 d. Minutes of the GMOS contains issues that were discussed and issues that are decided upon including different opinion dissenting opinions, if any. 226 e. Each Shareholder has the right to obtain a copy of the Minutes of the GMOS. f. The original Minutes of the AGM is kept by the Corporate Secretary as the Company document.

5. Quorum, Voting Rights and Decisions

a. The GMOS may be held if at least 51 fifty one percent of the total shares with voting rights are present or represented, unless the legislation andor the Articles of Association determine otherwise. 227 b. In the case that the quorum referred to in paragraph a is not reached, a call for second meeting can be performed. 228 c. The call of the second GMOS should mention that the first GMOS has been held and did not reach quorum. 229 222 Article of Association of PT SUCOFINDO PERSERO Article 23 Paragraph 19 223 Article of Association of PT SUCOFINDO PERSERO Article 23 Paragraph 1 224 Article of Association of PT SUCOFINDO PERSERO Article 23 Paragraph 2 225 Article of Association of PT SUCOFINDO PERSERO Article 23 Paragraph 3 226 Article of Association of PT SUCOFINDO PERSERO Article 23 Paragraph 4 227 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 1.a 228 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 1.b 229 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 1.c 106 1 107 d. The second GMOS is legitimate and may take a decision if in the GMOS at least 50 fifty percent of the total shares with voting rights are present or represented, unless the Articles of Association determine otherwise. 230 e. In the case that the second GMOS does not reach a quorum, the Company can propose to the Chairman of the District Court of the Company domicile at the request of the Company in order to set the quorum for the third GMOS. 231 f. The calling of third GMOS should mention that the second GMOS has been held and did not reach a quorum, and the third GMOS will be held with the quorum which has been set by the chairman of the Court. 232 g. The second and third GMOS are performed within a period of at least 7 seven days before the second or third GMOS is held. 233 h. The second and third GMOS are held in the period of 10 ten days and no later than 21 twenty one days after the date preceding the GMOS held. 234 i. Shareholders, either on their own or represented based on a power of attorney, are entitled to attend the GMOS and use their voting rights in accordance with the number of shares they own. 235 j. Chairman of the Meeting has the right to request that a power of attorney to represent the shareholder is presented to him in the meeting. 236 k. In the meeting, each share gives the right to its owner to issue 1 one vote. 237 l. A voting regarding a self person is conducted with a sealed letter and regarding other matters can be expressed verbally, unless the Chairman of the Meeting determines otherwise without any objection from the Shareholders who are present in the Meeting. 238 m. All decisions are taken based on consensus. 239 n. In the event that there is no decision based on consensus is reached, the decision is legitimate if it is approved by more than ½ 230 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 1.d 231 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 1.e 232 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 1.f 233 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 1.g 234 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 1.h 235 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 2 236 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 3 237 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 4 238 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 5 239 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 6 107 CHAPTER I INTRODUCTION CHAPTER II BOARD OF DIRECT ORS BOD CHAPTER III BOARD OF COMISSIONERS BOC CHAPTER IV ACTIVITY AMONG COMP ANY’S ORGAN CHAPTER V CLOSING