TD a. Brief History

74 Commissioner : Roy Kusuma Hekekire Board of Directors Director : Henny Susanto

e. Ikhtisar Data Keuangan Penting

The following table illustrates the financial milestone of Handal whose numbers are quoted from their audited financial statement for the 6 six month period ending June 30, 2015, and the year ending December 31, 2014, 2013 and 2012. The financial statements had been audited based on audit standard by Indonesan Institute Of Certifed Public Accountants “IICPA” by by KAP Tanudiredja, Wibisana Partner member ofPriceWaterhouseCoopers with unqualified opinion in regards to those financial statements. Consolidated financial information of Handal for the six month period ending June 30, 2014 adopted from Panamas concolidated financial statement were not audited for the six month period ended June 30, 2014 were prepared and presented accordance with the Financial Accounting Standards “FAS” in Indonesia. in billion Rupiah Description June 30, 2015 December 31 2014 2013 2014 Asset 10.4 10.3 42.5 58.5 Liabilities 3.0 0.0 11.1 49.8 Equity 7.4 10.3 31.4 8.7 in billion Rupiah Description For the six months ended June 30 For year ended December 31 2015 2014 2015 2014 2012 Revenuenet of return 0.0 0.7 0.8 427.2 642.1 Cost of Goods Sold, General and Administrative Expense 0.0 0.6 0.6 396.4 630.1 Profitloss before tax 0.1 0.1 0.3 30.3 10.8 Net profit for the period and total comprehensive income 0.1 0.0 0.1 22.7 8.3 Handal is a dormant company, statement of financial position and statements of income and other comprehensive income for period ending June 30 2015 and 2014 and for the year ended December 31, 2014, 2013, did not show significant movement.

8. TD a. Brief History

TD is a limited company established pursuant to the prevailing regulations in Indonesia, located in Pasuruan. TD was established in 1978 pursuant to the Deed of Establishment No.19 dated June 9, 1978, as amended in the Deed of Amandment No. 23 dated September 28, 1978, both made in the presence of Soehartono, S.H., Notary in Surabaya, whose deed has been approved by the Minister of Justice in the Decree No. No. Y.A.53428, dated November 21, 1978 and was announced in Berita Negara Republik Indonesia No. 93 dated November 22, 1983, Additional No. 994. The Articles of Association had been amended several times. The last amendment was as attached in the Deed of Resolution Statement of the Shareholders of TD without the Conduct of an Extraordinary Annual General Meeting No. 7, dated July 21, 2008, made in the presence of Khusnul Yaqin, S.H., M.Hum., Notary in Surabaya, whose deed has been approved by the Minister of Law and Human Rights in accordance with the Decree No. AHU-49518.AH.01.02.in 2008. Additional No. 10281

b. Business Activities

Wahana Sampoerna is a company in the property development

c. Capital Structure and Share Ownership

Based on the latest version of the Article of Association, the shareholding structure of TD is as follows: 75 Description Par Value of Rp2,000,000 per Share Share Amount Par Value Amount Rp Authorized Capital 250,000 Rp500,000,000,000 Issued and Paid-Up Capital 1. The Company 205,935 Rp411,870,000,000 99.73 3. Wahana Sampoerna 565 Rp1,130,000,000 0.27 Number of Issued and Fully Paid 206,500 Rp413,000,000,000 100.00 Unissued Shares 43,500 Rp87,000,000,000 -

d. Management and Monitoring

Based on the Deed of Resolution Statement of Shareholder No. 51, dated July 10, 2015, made in the presence of Aryanti Artisari, S.H., M.Kn., Notary in Jakarta, the current notification to Ministry of Justice and Human Rights according to the Receipt Letter of Notification of Data Changes of TD No. AHU-AH.01.03-0950845 dated 10 Juli 2015 and as of the date this Prospectus is publishes, the structure of the Board of Commissioners and Board of Directors of Wahana is as follows: Board of Commissioner Commissioner : Maria Lingkan Setyawati Bera Board of Directors Director : Jefry Andi Tjokroaminoto

e. Important Financial Information

The following table illustrates the financial milestone of TD whose numbers are quoted from their auditedfinancial statement for the 6 six month period ending June 30, 2015, and the year ending December 31, 2014, 2013 and 2012. The financial statements had been audited based on audit standard by Indonesan Institute Of Certifed Public Accountants “IICPA” by by KAP Tanudiredja, Wibisana Partner member of PriceWaterhouseCoopers with unqualified opinion in regards to those financial statements. Consolidated financial information of TD for the six month period ending June 30, 2014 adopted from Panamas concolidated financial statement were not audited for the six month period ended June 30, 2014 were prepared and presented accordance with the Financial Accounting Standards “FAS” in Indonesia. in billion Rupiah Description June 30, 2015 December 31 2014 2013 2014 Asset 276.8 269.9 249.1 254.6 Liabilities 69.6 70.5 69.2 97.2 Equity 207.2 199.4 179.9 157.4 in billion Rupiah Description For the six months ended June 30 For the year ended December 31 2015 2014 2015 2014 2012 Net Revenue 37.5 43.3 79.1 101.8 128.9 Cost of Goods Sold 14.2 12.2 30.0 49.9 70.8 Profitloss before tax 8.9 16.1 20.5 22.9 21.1 Net profit for the period and total comprehensive income 8.5 16.1 19.9 22.6 21.0 Six-month period ending June 30, 2015 compared to the six month period ending June 30, 2014 unaudited and comparison of financial position for June 30, and December 31, 2014 TD recorded a decreasedin profit before tax by 44.8 or Rp7.2 billion mainly caused by decreased in sales revenue of Rp5.8 billion and increase in cost of goods sold of Rp2.0 billion. This resulted in decreased in profit for the year by 47.0 or Rp7.6 billion. Equity increased by 3.9 or Rp7.8 billion because of increase in net profit for the year. The year ending December 31, 2014 compared to the year ending December 31, 2013 and comparison of financial position on December 31, 2014 and December 31, 2013. Profit befor tax fot TD decreased by 10.5 or Rp2.4 billion mainly caused by decreased in sales revenue by Rp22.7 billion. Decrease in sales revenue also followed by decreased in cost of goods sold by Rp19.9 billion. This resulted in net income decreased for the year by 12.1 or Rp2.7 billion. 76 TD asset increased by 8.3 or Rp 20.8 billion because increased in account receivable by Rp17.3 billion and increased in other short term finace receivable by Rp17.5 billion and fixed asset by Rp8.2 billion. Liabilities increased by Rp1.3 billion. Equity increased by Rp 19.5 billion due to increase in net income for the year.

9. SIP a. Brief History