Minutes 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 25 25 of the GMOS. Signatures are not required if the minutes is made by a Notarial deed. c. Every shareholder shall have the right to obtain copy of the minutes of the GMOS.

11. Rights of the Shareholders in the GMOS

Every shareholder has the right to obtain full explanation and accurate information with regard to the holding of the GMOS, including: 42 a. The invitation for the GMOS, which includes information about each event in the agenda of the GMOS, including the proposal as planned by the Board of Director to be submitted in the GMOS, with conditions if such information has not been available when the callings for a GMOS is made, then the information andor proposals should be provided in the Company’s office prior to the GMOS is held; b. Methods of calculation and determination of salaryhonorarium, facilities andor other benefits for each member of the Board of Commissioners and Board of Directors, as well as their salaryhonorarium, facilities, andor other benefits received by incumbent member of the Board of Commissioners and Board of Directors, specifically in the annual GMOS regarding the annual report; c. Information concerning details of the work plan and budget of the Company and other matters that are planned to be carried out by the Company, specifically for GMOS long-term business plan RJPP and the Corporates Budget and Work plan RKAP; d. Financial information as well as other related matters of the Company published in the annual report and the financial statements; e. Complete explanation and accurate information on the agenda of the GMOS provided before andor at the time of GMOS is held. f. In ”others” agenda, the Shareholders reserve the right to take decisions as long as all Shareholders are present andor represented in the GMOS and approve such additional agenda. 42 Regulation of the Minister of SOE No. PER-09MBU2012 Article 6 Paragraph 1 and 2 1 26 26

12. Authority of the GMOS

The authorities of the GMOS are as follows a. Appoint and dismiss the Board of Commissioners and Board of Directors of the Company including the independent Commissioners in accordance with the prevailing provisions. b. Determine the Key Performance Indicators of the Board of Commissioners based on a proposal from the Board of Commissioners. 43 c. Determine the segregation of duties and authorities of every Member of the Board of Directors. In the event that the GMOS does not specify the same, the segregation of duties and authority among the Board of Directors is determined based on the decision of the Board of Directors. 44 d. Approve and ratify the annual financial reports that consist of balance sheets, profit and loss statement, and cash flow statement. 45 e. Determine the profit utilization. 46 f. Appoint a public accountant. 47 g. Determine the salary and benefits of the Board of Commissioners and the Board of Directors. 48 The authority of the GMOS upon the determination of salary and benefits for the Board of Directors can be delegated to the Board of Commissioners with a determination based on the decision of the Board of Commissioners meeting. 49 h. On such designation, the Board of Commissioners reports the results to the GMOS. i. Decide the utilization of the reserved funds, amendment of the Articles of Association, Company dissolution and liquidation. 50 j. Decide the merger, acquisition, separation and changes of the Company business entity. 51 k. Decide the following matters, which have material value in accordance with the criteria as prescribed by the regulations at the time the transaction is carried out: 43 Regulation of the Minister of SOE No. PER-09MBU2012 Article 15 Paragraph 1 44 Article of Association of PT SUCOFINDO PERSERO Article 11 Paragraph 26 45 Article of Association of PT SUCOFINDO PERSERO Article 21 Paragraph 2 46 Article of Association of PT SUCOFINDO PERSERO Article 26 Paragraph 1 47 Article of Association of PT SUCOFINDO PERSERO Article 8 Paragraph 4 48 Law No. 40 Year 2007 Article 96 Paragraph 1 and Article 113 49 Law No. 40 Year 2007 Article 96 Paragraph 2 and 3 50 Article of Association of PT SUCOFINDO PERSERO Article 27, Article 28 Paragraph 1, Article 30 Paragraph 1 51 Article of Association of PT SUCOFINDO PERSERO Article 29 Paragraph 1