Membership of the Board of Directors Composition of the Board of Directors

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b. Material Requirements 1 Integrity:

Candidate of Director of the Company is obliged to meet the integrity requirements with good reputation, i.e. never been directly or indirectly involved in: a Synthetical deeds in managing a company and practices of deviating of provisions. b Action which does not meet the agreed commitments and breaches the contract with the Companyshareholders. c Deeds that detrimental or reducing company profits. d Violation of the provisions principles of a sound company management. 2 Expertise Candidates of the Company Director must have skills as follows: a Adequate knowledge in business activity of the Company b Experience and expertise in the field of Company management that support the implementation of the duties and obligations of the Board of Directors. c The ability to perform strategic management in the development of a sound company. d Understand the problems of the company management. 3 Leadership in the sense of having: a The ability to think strategicallyconceptually as well as having a vision. b Directing the officials and employees of the Company in order to be able to perform something to achieve the Company objectives. c Encouraging giving new energy and motivating the officials and employees of the Company to be able to achieve the Company objectives. 4 Be honest, good behaviour and character as well as high dedication to enhance and develop the Company. 5 Have a social responsibility by considering the stakeholders’ interests. 10 1 11

c. Other requirements

5 1 Not an official of political parties andor a candidate of State legislative members andor a State legislative member. Candidate of the legislative member or legislative member consists of candidatemember of House of Representative, House of Regional Representatives, Regional House of Representative Level 1, and Level 2 of Regional House or Representatives. 2 Not a candidate of HeadDeputy Head of the Distric andor HeadDeputy Head of District. 3 Not serving as director in state owned enterprise concerned for 2 two consecutive periods. 4 Has dedication and allocates time fully to perform his duties 5 Physically and mentally healthy currently not suffering from an illness that could obstruct the implementation of duties as a member of the Board of Directors which is evidenced by the certificate of health issued by public hospitals. 6 Between members of the Board of Directors and among members of the Board of Directors and the Board of Commissioners is prohibited to have family relationships up to the third degree, either vertically or horizontally, including the relationships arising from marriage. 6

3. Composition of the Board of Directors

The Board of Directors is in charge collectively, but in order to be more efficient and effective in performing the duties, there is a segregation of duties among the Directors. 7 Therefore, although there is segregation of duties, the Board of Directors as an organ of the Company all members of the Board of Directors collectively has authority on the management of special task entrusted to a director and therefore is obliged to oversee its implementation. 5 Regulation of the Minister of SOE No. PER-03MBU022015 Article II Letter C 6 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 23 7 Law Number 40 of 2007 Article 92 ayat 5 dan 6 11 CHAPTER I INTRODUCTION CHAPTER II BOARD OF DIRECT ORS BOD CHAPTER III BOARD OF COMISSIONERS BOC CHAPTER IV ACTIVITY AMONG COMP ANY’S ORGAN CHAPTER V CLOSING 1 12 The composition of the Board of Directors is a group of professionals who have the knowledge and experience as required by the Company to allow the effective, efficient and immediate decision making process. The segregation of duties and authorities of each member of the Board of Directors is determined by the GMOS. In the event that the GMOS does not determine, the segregation of duties and authorities of members of the Board of Directors is determined by the meeting of the Board of Directors 8 and can be consulted with BOC

4. Nomination

Board of Directors members are appointed from candidates proposed by the Shareholders and the nomination is binding for the GMOS. 9 Candidate of Directors may come from: 10 a. The Directors of SOE, b. Board of CommissionersSupervisory Board of SOE, c. Talents of the Company, which consists of: 1 Officials of one level below the Board of Directors or officials who have special achievements, 2 Board of Directors of subsidiaryjoint venture of the Company. d. The Talents of Ministry of State Owned Enterprises, e. Other sources which consist of: 1 Officials of other SOE, and 2 Other sources

5. Appointment of Directors

a. The candidates of Directors, who have passed the formal requirements and other requirements as well as the fit and proper test UKK, will be proposed to the GMOS to be appointed. b. The selected Board of Directors members sign a management contract, Pact of Integrity and an affidavit that contains the ability to perform tasks well and are ready to be dismissed at any time upon Ministerial considerationGMOS. 11 8 Article of Association of PT SUCOFINDO PERSERO Article 11 Paragraph 26 9 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 10 10 Regulation of the Minister of SOE No. PER-03MBU022015 Article III Letter A 11 Regulation of the Minister of SOE No. PER-03MBU022015 Article III Letter E 12 1 13

6. Term of Office

The provisions relating to the Term of Office of the Board of Directors are: a. Term of Office of the members of the Board of Directors is 5 five years and may be reappointed for 1 one term. 12 b. The employment of the Director will end, if: 13 1 Passed away, 2 The tenure ends 3 Dismissed based on the decision of the GMOS, 4 No longer qualified as a member of the Board of Directors based on the provisions of the Articles of Association and legislations including the double post holding that is prohibited and 5 Resignation. Double post holding that is prohibited among others is as follows: 14 a The Board of Directors in other SOE, locally-owned enterprises, private enterprise b The Board of CommissionersSupervisory Board in other SOE, c other structural and functional positions in central or district government agenciesinstitutions, d Other positions in accordance with the provisions of the legislation, e official of political party, member of legislative andor district headdeputy head, andor, f other position which may create any conflict of interest, g become candidates of legislative or candidates of district headdeputy head.

7. Dismissal of Members of the Board of Directors at Any Time Prior to the Term Ends

a. The GMOS can dismiss member of the Board of Directors at any time by notifying in writing to the concerned member accompanied 12 Article of Association of PT SUCOFINDO PERSofERO Article 10 Paragraph 11 13 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 30 14 Regulation of the Minister of SOE No. PER-03MBU022015 Article IV Letter A Paragraph 5 13 CHAPTER I INTRODUCTION CHAPTER II BOARD OF DIRECT ORS BOD CHAPTER III BOARD OF COMISSIONERS BOC CHAPTER IV ACTIVITY AMONG COMP ANY’S ORGAN CHAPTER V CLOSING