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PT Telkom Indonesia, Tbk. 2011 Annual Report Moving Forward Beyond Telecommunications Stock Overview capItal market tradIng mecHanIsm and telkOm ads Our Common Stock is listed and traded on the IDX. Our ADSs are also listed and traded on the NYSE and the LSE as ADSs, where one ADS represents 40 shares of Common Stock. Our shares are also Publicly Ofered Without Listing “POWL” in Japan. tHe IndOnesIan stOck market Indonesia’s stock market, known as the IDX, grew out of the December 1, 2007, merger of two stock exchanges operating in two diferent locations in Indonesia, the Jakarta Stock Exchange in the capital and the Surabaya Stock Exchange in East Java. The IDX has 440 issuer and 117 brokerage irms. During 2011, the IDX recorded a trading volume of 1,203.6 billion shares. On December 31, 2011, the total market capitalization was valued at Rp3,537 trillion. Trading on the IDX runs from Monday to Thursday, with daily trading divided into two sessions on both the regular market and the negotiated market. The morning session runs from 09.30 to 12.00, while the afternoon session runs from 13.30 to 16.00. The Friday trading sessions run from 09.30 to 11.30 and 14.00 to 16.00. There is only one daily trading session for the cash market: 09.30 to 12.00 from Monday to Thursday, and 09.30 to 11.30 on Fridays. Trading is divided into three segments: the regular market, negotiated market and the cash market except for rights issues, which can only be traded on the cash market and the negotiated market for the irst session. The regular market is the mechanism for trading stock in standard lots on a continuous auction basis during exchange hours. Trading on the regular and cash markets is typically carried out in lots of 500 shares apiece. The IDX also employs share price movement restrictions. Auctions on the IDX on regular market and cash market take place according to the price and time priorities. Price priority refers to the giving of priority to buying orders at a higher price or selling orders at a lower price. If buying or selling orders are placed at the same price, priority is given to the earlier placed buying or selling order time priority. Trading on the negotiated market is conducted through direct negotiation between i IDX members, ii clients through one IDX member, iii a client and an IDX member, or iv an IDX member and the Indonesian Clearing and Guarantee Corporation “KPEI”. Transactions on the IDX regular market must be settled no later than the third trading day after the transaction. Transactions on the negotiated market are settled on the basis of the agreement between the selling exchange members and the buying exchange members, PT Telkom Indonesia, Tbk. 2011 Annual Report Moving Forward Beyond Telecommunications