Quorum of the GMOS

1 C HA P T E R I IN T R O D U C T IO N C HA P T E R I I T H E PR IN C IPL ES O F G O O D C O R PO R A T E G O VER N A N C E C HA P T E R I I I T H E C O MP A N Y O R G A N S C HA P T E R I V T H E C O MP A N Y’ S PR IN C IP A L PO L IC Y C HA P T E R V I MA N A G EMEN T O F R EL A T IO N - SH IP W IT H ST A K EH O L D ER S C HA P T E R V I I IMPL EMEN T A T IO N O F G U ID EL IN ES C HA P T E R V I I I C L O SI N G C HA P T E R V MA N A G EMEN T O F SU B SI D IA R IES 23 23 d. The second GMOS as referred to in point c is valid and has the right to take a decision if in the GMOS at least 50 fifty percent of the total number of shares with voting rights are present or represented, unless the Articles of Association of the Company determines otherwise. 27 e. In case the quorum of the second meeting as referred to in point d is not reached, the Company can appeal to the Chairman of the District Court whose territory of yurisdiction covers the Company’s domicile, upon the proposal of the Company in order to determine the quorum for the third GMOS. 28 f. In the callings of the third GMOS it should be mentioned that the second GMOS was held and did not reach the quorum, and the third GMOS will be held with a quorum that has been determined by the Chairman of the District Court. 29 g. The callings of the second and third GMOS are conducted at least 7 seven days prior to the second or third AGM is held. 30 h. The second and third GMOS are held in 10 ten days at the earliest and no later than 21 twenty-one days after the date of the previous GMOS is held. 31

8. Voting Rights in the GMOS

a. Shareholders, either by themselves or represented by virtue of power of attorney, are entitled to attend the GMOS and uses their voting rights in accordance with the number of shares they have. 32 b. Chairman of the meeting has the right to request that power of attorney to represent the Shareholders is shown to him when the meeting is held. 33 c. In the meeting, every shares provides a right to its owner to issue 1 one vote. 34 27 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 1.d 28 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 1.e 29 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 1.f 30 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 1.g 31 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 1.h 32 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 2 33 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 3 34 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 4 1 24 24

9. Decision-Making in the GMOS

a. Voting relating to a self-person is conducted by sealed letter and about other things is verbally, unless the meeting Chairman determines otherwise without any objections from the Shareholders who are present in the meeting. 35 b. All the decisions taken are based on deliberation for consensus. 36 c. In the event that the decision based on deliberation for consensus as mentioned in point b is not reached, the decision is valid if it is approved by more than 12 half of the number of ballots issued, unless the Articles of Association determines otherwise, with the provisions that voting related to a self-person is performed with an unsigned sealed letter. 37 d. In the event that the proposal has more than 2 two alternatives and voting results have yet obtained a single alternative with vote of more than 12 half of the number of ballots, then re-election is performed against 2 two alternatives that received the most votes so that one alternative gains votes of more than ½ half of the number of ballots issued. 38 e. Blank ballots or invalid ballots are considered do not exist and not included in determining the number of ballots issued in the GMS. 39 f. Shareholders can also take a valid decision without holding a GMOS physically, under the condition that all shareholders provide their approval on the proposal submitted in writing and signed the approval. The decision, which is taken through this method, has the same power with decision taken legitimately in the GMS. 40

10. Minutes of the GMOS

41 a. Every GMOS must have a minutes of meeting that at least contains the time, agenda, participants, the opinions that thrive in the GMOS, and the decision of GMOS. b. The minutes of GMOS must be signed by the chairman of the GMOS and at least 1 one Shareholder appointed from and by participants 35 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 5 36 Law No. 40 year 2007 Article 87 ayat 1, Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 6 37 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 7 38 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 8 39 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 9 40 Article of Association of PT SUCOFINDO PERSERO Article 25 Paragraph 10 41 Regulation of the Minister of SOE No. PER-09MBU2012 Article 6 Paragraph 4, 5, 6 and 7