Shareholders with Ownership More Than 5 MainControlling Shareholder Ownership of Stocks by Directors and Commissioners Shareholders with Less than 5 Ownership Proportion of Common Stock Held in Indonesia and Abroad List of the 20 Biggest Public Shareholde

55 STOCK OVERVIEW AND OBLIGATION SHAREHOLDERS COMPOSITION The authorized capital of the Company consists of 1 stock of Series A Dwiwarna, and 399,999,999,999 Series B stocks ordinary stocks. The authorized issued and fully paid capital of 100,799,996,400, consisting of 1 stock of Series A Dwiwarna and 100,799,996,399 Series B stocks. 1 stock of Series A Dwiwarna belongs to Government of the Republic of Indonesia Government. Composition of Telkom Shareholders as of March 21, 2016 Series A Dwiwarna Share Series B Shares Common Stock Percentage of Ownership Government 1 51,602,353,559 52.55 Public 46,595,863,040 47.45 Subtotal Capital issued and fully paid 1 98,198,216,599 100.00 Treasury Stock 2,601,779,800 - Total 1 100,799,996,399 100.00 Composition of Telkom shareholders per March 21, 2016 is as follows:

1. Shareholders with Ownership More Than 5 MainControlling Shareholder

Title of Class Person or Group Number of Shares Percentage of Ownership Series A Dwiwarna Share Government 1 - Series B Shares Common Stock Government 51,602,353,559 52.55

2. Ownership of Stocks by Directors and Commissioners

On March 21, 2016, none of our Directors or Commisioners who have more than 1.0 of our stocks. Commissioners or Directors Number of Shares Percentage of Ownership Commissioners Hendri Saparini 18,982 0.01 Hadiyanto 519,640 0.01 Dolfie Othniel Fredric Palit 17,084 0.01 Directors Alex J Sinaga 42,723 0.01 Indra Utoyo 1,182,295 0.01 Honesti Basyir 1,155,295 0.01 Muhammad Awaluddin 1,154,755 0.01 Heri Sunaryadi 37,965 0.01 Abdus Somad Arief 37,965 0.01 Herdy Rosadi Harman 37,663 0.01 Dian Rachmawan 98,505 0.01 Total 4,302,872 0.01 56

3. Shareholders with Less than 5 Ownership

Shareholders with less than 5 ownership as of March 21, 2016. Group Number of Shares Percentage of Ownership Foreign Business Entities 38,302,801,269 39.01 Individuals 13,581,900 0.01 Local Business Entities Companies 2,405,353,212 2.45 Mutual Funds 2,795,943,032 2.85 Insurance Companies 2,034,031,450 2.07 Pension Funds 589,183,150 0.60 Others Business Entities 73,004,490 0.07 Individuals 381,964,537 0.39 Total 46,595,863,040 47.45

4. Proportion of Common Stock Held in Indonesia and Abroad

As of March 21, 2016, we had 38,727 common stock shareholders, including the Government. This total includes 39,304,112,969 common stock shares owned by 2,095 shareholders outside Indonesia. As of the same date, there were 91 ADS shareholders who owned 44,381,083 ADS 1 ADS is equivalent to 200 common stock shares.

5. List of the 20 Biggest Public Shareholders

The following was our twentieth biggest of public shareholders until March 21, 2016. No Shareholders Name Percentage of ownership 1 JP Morgan Chase Bank Na Re Non-Treaty Clients 1.25 2 GIC SA Government Of Singapore 1.13 3 BPJS Ketenagakerjaan-Jht 0.94 4 BNYM SANV As Cust Of Employees Provident Fd Board 0.79 5 BBH Boston SA Vangrd Emg Mkts Stk Infd 0.77 6 Jpmcb-Virtus Emerging Markets Opportunities Fund 0.76 7 Pt. Prudential Life Assurance 0.73 8 The Northern Trust Co SA Saudi Arabian Monetary Agency 0.54 9 JPMCB-Vanguard Total Interntnl Stock Index Fund 0.52 10 HSBC Bank Plc SA Saudi Arabian Monetary Agency 0.47 11 BBH Boston SA Matthews Pacific Tiger Fund 0.44 12 Citibank New York SA Government Of Norway 0.44 13 Rbc Isb SA Vontobel Fund-Emerging Markets Equity 0.43 14 JPMCB-Stichting Depositary Apg Eme Mrkt Eq Pool 0.40 15 Reksa Dana Schroder Dana Prestasi Plus 0.38 16 JPMCB-Europacific Growth Fund 0.36 17 SSB 1ba9 Acf Msci Equity Index Fund B-Indonesia 0.35 18 Pictet And Cie Europe S.A., Pictet Global Selection Fund-Global Utilities Equity Fund 0.34 19 SSB Obih SA Ishares Msci Emerging Markets Etf 0.31 20 HSBC BK Plc Re Agus Fund Manager SA Abu Dhabi Investment Authority 0.28 57 CHRONOLOGY OF STOCK ISSUED Date Corporate Actions Share Ownership Composition Government of the Republic Indonesia Public 11131995 Pre Initial Public Offering Pre-IPO 8,400,000,000 100.0 - - Sale of Governments shares 933,334,000 - 933,334,000 - New shares issued by Telkom - - 933,333,000 - Share Ownership Composition 7,466,666,000 80.0 1,866,667,000 20.0 12111996 Block Sale of Governments shares 388,000,000 - 388,000,000 - Share Ownership Composition 7,078,666,000 75.8 2,254,667,000 24.2 05151997 Distribution of incentive shares by the Government to public shareholders 2,670,300 - 2,670,300 - Share Ownership Composition 7,075,995,700 75.8 2,257,337,300 24.2 05071999 Block Sale of Governments shares 898,000,000 - 898,000,000 - Share Ownership Composition 6,177,995,700 66.2 3,155,337,300 33.8 08021999 Distribution of bonus shares emission every 50 shares acquire 4 shares 494,239,656 - 252,426,984 - Share Ownership Composition 6,672,235,356 66.2 3,407,764,284 33.8 12072001 Block Sale of Governments shares 1,200,000,000 - 1,200,000,000 - Share Ownership Composition 5,472,235,356 54.3 4,607,764,284 45.7 07162002 Block Sale of Governments shares 312,000,000 - 312,000,000 - Share Ownership Composition 5,160,235,356 51.2 4,919,764,284 48.8 10012004 Stock Split 1:2 10,320,470,712 51.2 9,839,528,568 48.8 12212005 Share repurchase program I 1 - - 211,290,500 - Share Ownership Composition 10,320,470,712 51.7 9,628,238,068 48.3 06292007 Share repurchase program II 2 - - 215,000,000 - Share Ownership Composition 10,320,470,712 52.3 9,413,238,068 47.7 06202008 Share repurchase program III 3 - - 64,284,000 - Share Ownership Composition 10,320,470,712 52.5 9,348,954,068 47.5 05192011 Share repurchase program IV 4 - - 520,355,960 - Share Ownership Composition 10,320,470,712 53.9 8,828,598,108 46.1 06142013 Transferred a portion of Share repurchase program III to employees through ESOP Program - - 59,811,400 0.3 Share Ownership Composition 10,320,470,712 53.7 8,888,409,508 46.3 07302013 Transferred share repurchase program I by private placement - - 211,290,500 - Share Ownership Composition 10,320,470,712 53.1 9,099,700,008 46.9 09022013 Stock Split 1:5 51,602,353,560 53.1 45,498,500,040 46.9 06132014 Transferred share repurchase program I by private placement - - 1,075,000,000 - Share Ownership Composition 51,602,353,560 52.6 46,573,500,040 47.4 12212015 Transferred share repurchase program III by private placement - - 22,363,000 - Share Ownership Composition 51,602,353,560 52.5 46,595,863,040 47.5 1 The first share repurchase program started on December 21, 2005 the date of the Extraordinary General Meeting of Shareholders at which the program was approved and ended in June 2007. 2 The second share repurchase program started on June 29, 2007 the date of the Extraordinary General Meeting of Shareholders at which the program was approved and ended in June 2008. 3 The third share repurchase program started on June 20, 2008 the date of the Extraordinary General Meeting of Shareholders at which the program was approved and ended in December 2009. 4 The fourth share repurchase program started on May 19, 2011 the date of the Annual General Meeting of Shareholders at which the program was approved and ended in November 2012. 58

1. Employee Stock Ownership Program