025, 406,000 51. 01 736, 300 2. 36 396, 000 2. 18 763, 500 1. 92 607, 500 1. 51 511, 500 1. 02 008, 500 0. 93 379, 167 0. 82 248, 000 0. 80 361, 000 0. 75 889, 040 0. 66 351, 820 0. 65 923, 712 0. 62 583, 500 0. 62 243, 350 0. 51 825, 414 0. 50 229, 712 0

9 TOP 20 SHAREHOLDERS per June 30, 2010 NO NAME OF INVESTORS AMOUNT 1 GOVERNMENT OF REPUBLIC OF INDONESIA

3, 025, 406,000 51. 01

2 SSB 4545 S A LAZARD EMERGING MARKETS EQUITY PORTFOLIO

139, 736, 300 2. 36

3 JPMCB-EUROPACIFIC GROWTH FUND

129, 396, 000 2. 18

4 JPMCB-EMERGING MARKETS GROWTH FUND INC.

113, 763, 500 1. 92

5 JPMCB-NEW WORLD FUND, INC.

89, 607, 500 1. 51

6 JPMCB-CAPITAL INTERNTNL EMERGINGMARKETS FUND

60, 511, 500 1. 02

7 PT JAMSOSTEK PERSERO - NON JHT

55, 008, 500 0. 93

8 THE NORTHERN TRUST S A AVFC

48, 379, 167 0. 82

9 JPMCB-CAP WORLD GROWTH AND INCOME FUND INC

47, 248, 000 0. 80

10 SSB HG09 AMERICAN FUNDS INSURANCE SERIES INTERNATIONAL FUND

44, 361, 000 0. 75

11 JP MORGAN CHASE BANK RE ABU DHABI INVESTMENT AUTHORITY

38, 889, 040 0. 66

12 BBH BOSTON S A VANGRD EMG MKTS STK INFD

38, 351, 820 0. 65

13 PERUSAHAAN PEMGELOLA ASET PERSERO, PT

36, 923, 712 0. 62

14 PT PRUDENTIAL LIFE ASSURANCE-REF

36, 583, 500 0. 62

15 THE BANK OF NEW YORK MELLON DR

30, 243, 350 0. 51

16 JPMORGAN CHASE BANK NA RE NON-TREATY CLIENTS - 2157804006

29, 825, 414 0. 50

17 DANAREKSA PERSERO, PT S A 03

28, 229, 712 0. 48

18 PT JAMSOSTEK PERSERO - JHT

28, 035, 000 0. 47

19 BBH LUXEMBOURG S A FIDELITY FD, SICAV-SE ASIA FD

27, 642, 000 0. 47

20 PT AIA FINL - UL EQUITY

27, 565, 000 0. 46

TOTAL 4, 074, 253, 015

68. 71 Ot her Shareholders 3, 156

1, 857, 266, 985 31. 29

GRAND TOTAL 5, 931, 500, 000

100. 00

10 10 10 SMGR’ s COMPARATIVE COMPETITIVE ADVANTAGE MARKET SHARE + 45 MARKET LEADER MARKET LEADER 11 11  Distribution warehouses in all areas of Java, Bali, Sumatra, Kalimantan, Sulawesi and Irian  15 large packing plants  Nationwide distribution network  Operate 4 special sea ports: Padang, Tuban, Gresik, Biringkassi  Total installed cap. EoY 2008: 18.0 mn tons and EoY 2009: 19.0 mn tons 2009 T eluk Bayur Sumat era Kalimant an Sulawesi Maluku Papua Lombok Bali Ja va Bat am Ciwandan T anj ung Priok Jakart a Samarinda Banj armasin Palu Bit ung Ambon Makassar Biringkasi Bali T abanan Denpasar Singaraj an DI Yogyakart a Lempuyangan Jant i Cent ral Java T egal Purwokert o Kudus Magelang Solo Palur Alas T uwo Moj opahit Sayung West Java Serang T angerang Bogor Cibit ung Bandung T asik Malaya Cirebon Narogong Belawan Singapore Kuala Lumpur T uban Surabaya Cement Plant Packing Plant Port War ehouse East Java Margomulyo T anj ung Wangi Bangkalan Swabina Aleh Pelabuhan T uban Pelabuhan Gresik Installed Cap.: 5.9 mn tons Installed Cap.: 9.0 mn tons Installed Cap.: 4.1 mn tons 12 12 12 8728 9601 12209 14.387 3328 4001 5354 6. 774 1539 1999 7532 2892 3387 4.342 2397 1779 4. 772 3867 2848 2234 3.326 2523 1775 1296 1002 2000 4000 6000 8000 10000 12000 14000 16000 2005 2006 2007 2008 2009 Re ve nue Gross Profit Ope rating Profit Ebitda Ne t Profit Rp billions CAGR 2005 – 2009 Revenue 18 Gross Profit 24 Operating Income 30 EBITDA 24 Net Income 35 Total assets 15 Total Equity 23 SGG HAS EXPERIENCED ROBUST FINANCIAL GROWTH 13 13 STRONG BALANCE SHEET AND RETURNS Cash balance IDR bn Total debt IDR bn 2. 939 5. 282 3. 836 1. 424 1. 929 2005 2006 2007 2008 2009 CAGR 05—0 9 39 151 854 224 159 180 2005 2006 2007 2008 2009 CAGR 05 —09 -35 Include short t erm invest ment Debt EBITDA 0,10x 0,40x 0,03x 0,06x 0,05x 2005 2006 2007 2008 2009 Return on Assets 17,3 13,7 25,7 20,8 23,8 2005 2006 2007 2008 2009 14 14 2. 5 3. 0 2. 7 5. 2 4. 1 2005 2006 2007 2008 2009 Average: 3, 5 1.8 1.1 4.1 JSX Top-20 I NTP SMCB SMGR SMGR DIVIDEND YIELD IN THE LAST 5 YEARS 1 SMGR DIVIDEND YIELD IN THE LAST 5 YEARS 1 : Based on medi an of Top-20 Bi ggest Market Capi t al i zat i o n JSX l i st ed compani es i n di vi dend yi el d, excl udi ng Semen Gresi k f or FY2009 2009 DIVIDEND YIELD 1 2009 DIVIDEND YIELD 1 REGULAR DIVIDENDS REGULAR DIVIDENDS  Key determinants of dividend policy: • Historical dividend payout trends • Comparison with peers • Proj ected cash-flows available for dividends after taking into account potential expansionary capex etc • Analyst and investor expectations • Shareholder profile REGULAR DIVIDEND PAYMENTS WITH ATTRACTIVE YIELD 1 shares pri ce based on cl osi ng pri ce at t he end of year 15 3980 5160 5300 5600 5000 4000 3425 4175 3725 4900 6300 7550 7300 8750 9400 1805.52 1830.92 2139.28 2359.21 2745.83 2447.3 2349.1 1832.5 1355.4 1434.07 2020.78 2467.59 2534.35 2777.3 2913.68 2992.45 3630 1000 2000 3000 4000 5000 6000 7000 8000 9000 10000 28-Dec- 06 30-Mar- 07 29-Jun- 07 28-Sep- 07 28-Dec- 07 31-Mar- 08 30-Jun- 08 29-Sep- 08 30-Dec- 08 31-Mar- 09 30-Jun- 09 30-Sep- 09 30-Dec- 09 31-Mar- 10 30-Jun- 10 16-Jul-10 SMGR JCI SMGR STOCK PRICE HAS CONTINUED TO OUTPERFORM JCI 16 MARKET UPDATE 6M2010 SMGR Corporat e Present at ion Jul y 2010 17 17 MARKET BY GEOGRAPHY 6M2010 Domest ic Consumption – Java remains as t he largest market 24 8 7 6 3 East of Indonesia Nusa Tenggara Kalimantan Sulawesi Java 53 Sumatera Domest ic Market Share Source: ASI Indonesi a Cement Associ at i on Source: ASI Indonesi a Cement Associ at i on    SG SP ST 1 2 3 4 5 6 REGION MARKET SHARE SMGR INTP SMCB BSWA ANDLS BTRJA

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