SHORT-TERM BANK LOANS continued The Subsidiary - PT KWT continued

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI 30 Juni 2011 Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain ____________________________________________________ PT KRAKATAU STEEL PERSERO Tbk NOTE TO THE CONSOLIDATED FINANCIAL STATEMENTS June 30, 2011 Expressed in millions of Rupiah, unless otherwise stated _________________________________________________ 61

15. HUTANG BANK JANGKA PENDEK lanjutan Anak Perusahaan - PT KWT lanjutan

PT Bank Permata Tbk Bank Permata lanjutan Fasilitas Invoice Financing tersebut digunakan untuk membiayai tagihan atau kewajiban PT KWT dengan maksimum pembiayaan sebesar 100 dari nilai faktur yang disertakan dalam transaksi Invoice Financing dengan jangka waktu 30 hari dari tanggal penarikan. Fasilitas Invoice Financing dikenakan bunga tahunan masing-masing sebesar 11,5 dan 10,5 pada tanggal 30 Juni 2011 dan 31 Desember 2010. Perjanjian pinjaman mencakup pembatasan- pembatasan antara lain, tanpa pemberitahuan tertulis kepada bank, PT KWT tidak diperkenankan untuk melakukan merger, mengubah anggaran dasar, susunan dewan komisaris dan direksi, membayar hutang kepada pemegang saham, membayar dividen, menerima pinjaman dari pihak lain kecuali berkaitan dengan usaha, dan menjaminkan kekayaan kepada pihak lain. PT KWT juga harus mempertahankan rasio lancar minimum 1 kali dan rasio hutang terhadap ekuitas maksimum sebesar 3 kali. Pada tanggal 30 Juni 2011, Perusahaan dapat memenuhi persyaratan pemeliharaan rasio-rasio keuangan tersebut di atas. PT Bank Danamon Indonesia Tbk Bank Danamon PT KWT memperoleh fasilitas kredit modal kerja Omnibus Trade Finance Facility yang dapat dipergunakan dalam bentuk fasilitas LC, TR, negosiasi LC, OAF, bank garansi dan Standby LC dengan jumlah maksimum secara keseluruhan sebesar US20.000.000. Fasilitas-fasilitas ini akan berakhir pada tanggal 22 November 2011. Pada tanggal 30 Juni 2011 dan 31 Desember 2010, saldo terhutang atas fasilitas tersebut masing- masing sebesar Rp.46.790 dan nihil. Fasilitas OAF tersebut digunakan untuk membiayai tagihan atau kewajiban PT KWT dengan pembiayaan maksimum sebesar 80 dari nilai faktur yang disertakan dalam transaksi OAF dengan jangka waktu 180 hari dari tanggal penarikan. Fasilitas OAF dikenakan bunga tahunan sebesar SIBOR+1,75 danatau SBI+2,0 dan dijamin dengan piutang usaha dengan coverage ratio sebesar 125 dari jumlah fasilitas OAF yang digunakan.

15. SHORT-TERM BANK LOANS continued The Subsidiary - PT KWT continued

PT Bank Permata Tbk Bank Permata continued The Invoice Financing facility is used to finance PT KWT‟s receivables or liabilities with the maximum financing of 100 from the value of invoices taken part in the Invoice Financing transactions and valid 30 days since the date of drawdown. The Invoice Financing facility bears annual interest at 11.5 and 10.5 in June 30, 2011 and December 31, 2010, respectively. The loan agreements include restrictions, among others, that without prior written notification to the bank, PT KWT is not permitted to enter into merger, change the articles of association, members of the boards of commissioners and directors, make repayment to shareholder, distribute dividends, obtain loans from other parties except in the ordinary course of business, and pledge assets as guarantee to other parties. PT KWT also shall maintain current ratio at a minimum of 1 time and debt to equity ratio at a maximum of 3 times. As of June 30, 2011, the Company was able to meet the requirements to maintain the financial ratios stated above. PT Bank Danamon Indonesia Tbk Bank Danamon PT KWT obtained working capital facilities Omnibus Trade Finance Facility which can be used in the form of LC, TR, Negotiation LC, OAF, Bank Guarantee and Standby LC facilities, with the aggregate maximum amount of US20,000,000. These facilities will expire on November 22, 2011. As of June 30, 2011 and December 31, 2010, the outstanding payable related to such facilities amounted to Rp. 46,790 and nil, respectively. The OAF facility is used to finance PT KWT‟s receivables or liabilities with the maximum financing of 80 from the value of invoices taken part in the OAF transactions and valid 180 days since the date of drawdown. The OAF facility bears annual interest at SIBOR+1.75 andor SBI+2.0 and secured by trade receivables with the coverage ratio of 125 from the usage of OAF facility. CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI 30 Juni 2011 Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain ____________________________________________________ PT KRAKATAU STEEL PERSERO Tbk NOTE TO THE CONSOLIDATED FINANCIAL STATEMENTS June 30, 2011 Expressed in millions of Rupiah, unless otherwise stated _________________________________________________ 62

15. HUTANG BANK JANGKA PENDEK lanjutan Anak Perusahaan - PT KWT lanjutan