CONTINGENCIES continued KRAS LapKeu Juni 2011

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI 30 Juni 2011 Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain ____________________________________________________ PT KRAKATAU STEEL PERSERO Tbk NOTE TO THE CONSOLIDATED FINANCIAL STATEMENTS June 30, 2011 Expressed in millions of Rupiah, unless otherwise stated _________________________________________________ 108

35. KONTINJENSI lanjutan

b. Perusahaan mengajukan gugatan sehubungan dengan investasinya pada south Australian Steel and Energy SASE ke Supreme Court South Australia di mana pada tanggal 9 Juni 2010, Supreme Court South Australia mengeluarkan keputusan untuk menolak gugatan Perusahaan dan mewajibkan Perusahaan untuk membayar Legal cost yang telah dikeluarkan oleh Para Tergugat pemenang dalam perkara dimaksud. Pengacara Tergugat telah memberitahukan kepada Pengadilan bahwa legal cost yang harus dibayar oleh Perusahaan adalah senilai AUS1.662.915. namun setelah Para Tergugat mencairkan Bank Garansi milik perusahaan senilai AUS610.000, sampai saat ini Para Tergugat belum mengajukan klaim. Seandainya Para Tergugat mengajukan klaim maka besarnya nilai klaim yang wajar akan ditentukan oleh Hakim Pengadilan c. PT KHIP sedang dalam proses mengajukan klaim terhadap PT Perusahaan Gas Negara Persero Tbk, yang telah menahan pembayaran piutang sebesar Rp38.000. Penahanan piutang tersebut diklaim oleh pelanggan tersebut sebagai kompensasi kerugian yang dialami akibat keterlambatan pasokan pipa dari PT KHIP. Sampai dengan tanggal 30 Juni 2011, rencana pengajuan klaim tersebut masih dalam evaluasi untuk menentukan apakah jadi atau tidak diajukan penyelesaiannya melalui Badan Arbitrase Nasional Indonesia BANI. Pada tanggal 30 Juni 2011, telah dilakukan pencadangan penuh terhadap piutang dari pelanggan tersebut. d. Perusahaan merupakan Tergugat II dalam gugatan yang diajukan oleh PT Tobu Indonesia Steel PT TIS melalui Pengadilan Negeri Tangerang yang terdaftar dalam perkara No. 464PDT. G2010PN.TNG tanggal 19 Oktober 2010. Penggugat meminta agar Surat Direktorat Jenderal Hak Kekayaan Intelektual Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia tanggal 11 Oktober 2010 perihal Pembatalan Pendaftaran Merek “KS-TI” ditunda pemberlakuannya dan menuntut pembayaran ganti rugi sebesar Rp100.000. Pada tanggal 31 Maret 2011 Majelis Hakim Pengadilan Negeri Tangerang menjatuhkan putusan sela No. 464PDT.G2010PN.TNG yang isinya mengabulkan eksepsi dari Perusahaan dan menyatakan bahwa Pengadilan Negeri Tangerang tidak berwenang mengadili perkara ini. Terhadap putusan ini PT TIS mengajukan banding ke Pengadilan Tinggi Banten, dan Perusahaan telah mengajukan Kontra Memori Banding pada tanggal 30 Juni 2011 atas Banding PT TIS tersebut.

35. CONTINGENCIES continued

b. The company filed a lawsuit in connection with its investment in the South Australian Steel and Energy SASE to the South Australian Supreme Court where on June 9, 2010, the South Australian Supreme Court issued a decision to reject the claim of the Company and to require the Company to pay the legal costs incurred by the Defendants the winner in the case referred to. Defendants lawyer had told the Court that legal costs be paid by the Company is valued at AUS1,662,915. But after the Defendants for with companys bank guarantee in the amount of AUS610,000, until now the Defendants have not filed any further claims. In case the the Defendants filed a further claim then the claim value will be reasonably determined by the Judge of the Court. c. PT KHIP is in the process of submitting a claim to PT Perusahaan Gas Negara Persero Tbk, who retained the payment of its receivables amounting to Rp38,000. The retained receivables are claimed by such customer as compensation for losses due to the delay of pipe supply from PT KHIP. Up to June 30, 2011, company is still evaluate to determine whether or not the proposed settlement the related claim is in the process of filing to the Indonesian National Board of Arbitration BANI for settlement. Based on the opinion of its legal counsel, PT KHIP has strong factual and legal arguments in support of its claim that the related receivables can be collected. As of June 30, 2011, a full provision on receivable from the customer has already been made. d. The Company is a party to the claim filed by H. Utok Hariyanto, as the Director of PT Nusantara Buana Cemerlang “PT NBC”, before the District Court of Serang, which was registered under the Case No. 35PDT.G 2010PN.SRG dated August 23, 2010. The Claimant claimed that the Company allegedly conducted an unlawful termination of the contract work with PT NBC and claimed for payment settlement from the Company amounting to Rp59,105. On June 1st, 2011 the Company and PT NBC has signed Settlement aggrement Number PTKS: 18CDU- KSPerj2011 and the number of PT NBC: 051KEU-NBCVI2011 on the termination of Civil Case Number: 35 PDT.G2010PN.SRG in Serang District Court. Settlement Agreement has been proposed to be a decision on amicability as sets out in the District Court of Serang on June 8, 2011 by Serang District Court Verdict No. 35PDT.G2010PN.SRG by which ordered the Company and PT NBC to comply with agreements that have been the Company agreed to pay the money in amount of Rp8,053 to PT NBC. CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI 30 Juni 2011 Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain ____________________________________________________ PT KRAKATAU STEEL PERSERO Tbk NOTE TO THE CONSOLIDATED FINANCIAL STATEMENTS June 30, 2011 Expressed in millions of Rupiah, unless otherwise stated _________________________________________________ 109

35. KONTINJENSI lanjutan