Pendirian Perusahaan Company’s Establishment

PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2015 Expressed in thousands of Rupiah, unless otherwise stated 9

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1. GENERAL Continued

b. Penawaran Umum Saham Perdana b. Initial Public Offering Pada tanggal 6 Januari 1990, Perusahaan memperoleh izin dari Menteri Keuangan Republik Indonesia dengan Surat No. SI075SHMMK.10 1990 untuk melakukan penawaran umum kepada masyarakat atas 11,1 juta saham dengan nilai nominal Rp1.000 angka penuh per saham melalui bursa saham di Indonesia dengan harga penawaran Rp10.700 angka penuh per saham. Pada tahun 1997, Perusahaan melakukan pemecahan saham stock split dua untuk satu sehingga mengubah nilai nominal saham biasa dari Rp1.000 angka penuh menjadi Rp500 angka penuh serta mengumumkan sembilan saham bonus untuk lima saham lama dari tambahan modal disetor. On January 6, 1990, the Company obtained a license from the Ministry of Finance of the Republic of Indonesia as stated in its Letter No. SI075SHM MK.101990 to hold a public offering of its 11.1 million shares with par value of Rp1,000 full amount per share through the stock exchange in Indonesia at the offering price of Rp10,700 full amount per share. In 1997, the Company declared a stock split of two-for-one, which changed the common stock par value from Rp1,000 full amount to Rp500 full amount per share, plus a nine-for-five stock bonus from additional paid-in capital. Pada bulan Juni 1999, Perusahaan mengumumkan satu dividen saham untuk lima saham lama dari saldo laba. Pada tanggal 31 Desember 1999, Perusahaan telah mencatatkan semua saham yang ditempatkan dan disetor penuh di Bursa Efek Jakarta dan Surabaya sekarang Bursa Efek Indonesia. In June 1999, the Company declared a one-for-five stock dividends from retained earnings. As of December 31, 1999, the Company has listed all of its issued and fully paid shares in the Jakarta and Surabaya Stock Exchanges currently Indonesia Stock Exchange. Pada tanggal 18 Oktober 2004, Perusahaan melakukan pemecahan saham lima untuk satu sehingga mengubah nilai nominal saham biasa dari Rp500 angka penuh menjadi Rp100 angka penuh. On October 18, 2004, the Company declared a stock split of five-for-one, which changed the common stock par value from Rp500 full amount to Rp100 full amount. Pada tanggal 10 November 2004, Perusahaan melakukan penawaran umum terbatas I dengan Hak Memesan Efek Terlebih Dahulu sebanyak 1.087.800.000 lembar saham, dengan harga penawaran sebesar Rp200 angka penuh per saham. Seluruh saham tersebut di atas telah dicatatkan di Bursa Efek Jakarta dan Surabaya. On November 10, 2004, the Company held a limited public offering I through Pre-emptive Rights Issue of 1,087,800,000 shares at an offering price of Rp200 full amount per share. The said shares were listed in the Jakarta and Surabaya Stock Exchanges. Pada tanggal 29 Agustus 2007, Perusahaan melakukan penawaran umum terbatas II dengan Hak Memesan Efek Terlebih Dahulu sebanyak 1.456.875.000 lembar saham dengan harga penawaran sebesar Rp1.100 angka penuh per saham. Saham tersebut di atas telah dicatatkan di Bursa Efek Jakarta dan Surabaya. Perusahaan menerbitkan 364.218.750 waran I yang melekat pada saham yang dikeluarkan, yang harus diberikan secara cuma-cuma sebagai insentif kepada para pemegang saham dengan harga pelaksanaan Rp1.375 angka penuh per waran. On August 29, 2007, the Company held a limited public offering II through Pre-emptive Rights Issue of 1,456,875,000 shares at an offering price of Rp1,100 full amount per share. The said shares were listed in the Jakarta and Surabaya Stock Exchanges. The Company simultaneously issued 364,218,750 warrants I accompanying the new shares issued, which are to be granted free as an incentive to the shareholders at an exercise price of Rp1,375 full amount per warrant. PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2015 Expressed in thousands of Rupiah, unless otherwise stated 10

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