REGISTRATION OF SECURITIES INTO THE COLLECTIVE DEPOSITORY

372 441 B. Shares which have been withdrawn from the Collective Custody with KSEI and for which a Collective Share Certificates have been issued may not be used for the settlement of transactions in the Stock Exchange. Further information on procedures of withdrawal of shares can be obtained from the Underwriters or Selling Agent to whom the related SSF have been submitted.

5. SUBMISSION OF SHARE SUBSCRIPTION

During the Offer Period, the entitled subscribers may make subscription orders for the Offered Shares during normal working hours of the office of the Joint Lead Underwriters or Selling Agent where the SSF was obtained. Each person is only entitled to submit 1 one SSF and must do so in person no representations by attaching a photocopy of personal identity documents valid Resident’s Identity CardPassport for individual and the most current Articles of Association and Deed of Directors Appointment for institutions and also make the payment in accordance with the number of orders. For foreign subscribers, in addition to a copy of valid passport, full and clear names and addresses abroadvalid legal domicile of the subscriber must be clearly stated on the SSF. The Selling Agent, Underwriters and Joint Lead Underwriters retain the right to refuse subscription orders if the form are filled out completely or if the requirement for the subscription order have not been satisfied in full.

6. OFFERING PERIOD

The Offering Period will be held within 3 three Business Days, on 24 until 26 November 2014, from 09.00 WIB up to 15.00 WIB. Therefore, should the subscribed shares exceed the offered shares, the Joint Lead Underwriters will notify OJK to shorten the Offering Period when the Offering Period is not less than one Business Day. 7. ALLOTMENT DATE The allotment date, where the Joint Lead Underwriters and the Company shall determine the allotment of shares for each subscriber in accordance with the prevailing regulations, will be 28 November 2014

8. SPECIFIC SHARES SUBSCRIPTION

Specific shares subscription by Companys employee on a price determined by the Circulated decision Letter of the Board of Directors can be addressed directly to the Company, with neither going through to the Joint Lead Underwriters and Underwriters during the Offering Period, not exceeding ● of the Offered Shares.

9. TERMS OF PAYMENT

Payment may be made in cash, by transfer, by cheque or by bank draft in Rupiah by the person concerned no representation by presenting the original copies of identity documents and duly filled-in SSF submitted to the Joint Lead Underwriters. Payment for each SSF shall only be conducted by using one of any method of payment, such as cheque or cash or bank transfer or giro. In the case of payment by cheque, the cheque must be a cheque bearing the name of the person submitting signing the SSF. Cheques owned byin the name of third parties shall not be accepted as payment. All bank charges and transfer fee with respect to such payment shall be at the account of the subscriber. All cheques and bank drafts will be immediately endorsed upon receipt. If the cheque or bank draft is dishonoured by the payee bank upon endorsement, the related share subscription shall be automatically declared void. Date of payment is calculated based on the date of receipt cheque transfergiro that has been accepted in good funds in the account of the Underwriters. Every payment by using chequetransfergiro can only be accepted in the first day of Offer Period. For each specific share subscription order, the payment shall be made directly to the Company. For any payment through an account transfer from another bank account, the subscriber shall enclose a copy of Bank Draft Traffic Credit Note issued by the relevant bank stating the reference number of SSFDPPS. Further, all payments from the Underwriters and Selling Agent shall be paid into the account of the Joint Lead Underwriters at the following details: Bank [●]Branch[●] Account No: [●] Under the name of: [●] maximum ● ● percent of the total Offered Shares. The remaining portion at ● ● percent shall be d allotment is limited at a maximum ● ● of the total Offered Shares, to be allocated for investors but not Company’s Employee through ● ● percent of the total Offered Shares. If the  373 441 ● of the Offered Shares. Bank [●]Branch[●] Account No: [●] Under the name of: [●] 442 For share subscription conducted through the Underwriters which has submitted confirmation from the Payment Bank when submitting the share subscription order, can deposit the funds into the account of Joint Lead Underwriters on the date as stipulated in the Underwriting Agreement. 10. RECEIPT The Joint Lead Underwriters, Underwriters and Selling Agent receiving the Share Subscription Form, will return the form to the subscriber, the 5th fifth copy of Share Subscription Form signed with original signature as Receipt of Share Subscription. This Receipt of Share Subscription is not a guarantee of the granted subscription. The Receipt of Share Subscription must be kept in good order to be exchanged if there is cash return of subscription andor for the receipt of Allotment Confirmation Form for subscription. For each specific share subscriber, the Receipt of Share Subscription shall be given directly by the Company. 11. SHARE ALLOTMENT The allotment of shares shall be conducted by PT RHB OSK Securities Indonesia as Allotment Manager by using a combination of pooling and fixed allotment systems based on Rule No. IX.A.7 and other regulations including the prevailing Capital Market laws. The allotment systems that shall be conducted are combination system as well as fixed allotment is limited at a maximum ● ● percent of the total Offered Shares. The remaining portion at ● ● percent shall be conducted by using pooling allotment. i Fixed Allotment Fixe d allotment is limited at a maximum ● ● of the total Offered Shares, to be allocated for investors but not limited to Pension Funds, Insurance, Mutual Funds, Institutions, Individual, and Company’s Employee through ESA. In the event that the fixed allotment system is used in a Public Offering, such allotment may be made only with the following conditions: a. The Allotment Manager may decide the percentage and the persons to receive the fixed allotment in the Initial Public Offering. The determination of percentage amount of allotment must consider the interests of individual subscribers. b. In the event of excess demand of shares in the Initial Public Offering, the Underwriters of securities, securities Sales Agents or affiliated parties are prohibited from purchasing or owning shares for their own; and c. In the event of shortage demand of shares in the Initial Public Offering, The Underwriters of securities, securities Sales Agents or affiliated parties are prohibited to sell shares that been bought or to be purchased except through Stock Exchange if it has been disclosed in Prospectus that the shares would be listed at Stock Exchange. ii Pooling Allotment using the pooling system is limited to minimum of ● ● percent of the total Offered Shares. If the number of shares subscribed exceeds the number of Offered Shares in the Initial Public Offering, the Allotment Manager shall conduct an allotment of the remaining shares as follows: a. If, after excluding subscribers considered as affiliated parties which are: i directors, commissioners, employess or a party who has 20 ownership or more in Underwriter or Selling Agent regarding this Public Offering, ii directors, commissioners andor ultimate shareholder of the Company, or iii affiliated parties of i and ii, who are not subsribed for third party interest and there are remaining shares with an amount equal to or higher than the subscribed amount, non-exempted subscribers shall each receive all subscribed shares. If there are remaining shares, after all unit of transaction is distributed to the non- exempted subscriber, allocation will be made proportionally to the party who has 20 ownership or more in Underwriter or Selling Agent regarding this Public Offering, ii directors, commissioners andor ultimate shareholder of the Company, or iii affiliated parties of i and ii, who are not subscribed for third party interest . b. If, after excluding subscribers considered as Affiliated Parties and there remain shares less than the number of shares subscribed, the allotment to the subscribers not excluded shall be allocated according to the following conditions: 1. If the shares are not listed in the Stock Exchange, the shares shall be allocated according to the following conditions:  Subscribers who are not excluded will receive one unit of transaction at the Stock Exchange, subject to the availability of units of the transaction. In the event that then umber is insufficient, the available units of transaction will be distributed by lot. The number of shares included in