300.043 Operating Acti vities Annual Report « PT Citra Tubindo Tbk Annual Report 2012

Indonesian language. PT CITRA TUBINDO Tbk DAN ENTITAS AN AK CATATAN ATAS L APOR AN KEUANGAN KONSOLIDASIAN Tahun Yang Berakhir Pada Tanggal-tanggal 31 Desember 2012 dan 2011 Disajikan dalam dolar AS, kecuali dinyatakan lain PT CITRA TUBINDO Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2012 and 2011 Expressed in U.S. dollars, unless otherwise stated 11 1. U M U M lanjutan 1. GENERAL continued

c. Struktur Perusahaan dan Entitas Anak lanjutan

c. Corporate Structure

and Subsidiaries continued Pada tanggal 23 Juli 2011, Perusahaan mendirikan entitas anak dengan kepemilikan 100 bernama Citra Tubindo Middle East FZE CTME di Ras Al Khaimah, Uni Emirat Arab, dengan modal saham dasar sebesar AED100.000 dan setoran saham sebesar AED24.040. CTME bergerak dalam bidang perdagangan dan pemasangan pipa, peralatan ladang miny ak dan gas alam serta perdagangan suku cadang. On July 23, 2011, the Company established a wholly-owned subsidiary, Citra Tubindo Middle East FZE CTME in Ras Al Khaimah, United Arab Emirates with authorized share capital of AED100,000 and paid-up share capital of AED24,040. CTME is engaged in pipes fittings and trading, oilfield and natural gas equipment and spare parts trading. Pada tanggal 19 Desember 2011, Perusahaan membatalkan pendaftaran CTME di Ras Al Khaimah, Uni Emirat Arab, karena rev isi dalam strategi pemasaran untuk Timur Tengah. On December 19, 2011, the Company cancelled the registration of CTME in Ras Al Khaimah, United Arab Emirates due to revision in marketing strategy for the Middle East. Pada tanggal 17 Februari 2011, Perusahaan menandatangani perjanjian pelepasan 100 kepemilikan saham CTE dan CB kepada DSAW sebesar AS420.954. Perusahaan menerima pembayaran dari div estasi tersebut di bulan y ang sama. On February 17, 2011, the Company signed an agreement for the divestment of 100 shares of CTE and CB to DSAW amounting to US420,954. The Company received the payment on the same month. Pada tanggal y ang sama, Perusahaan juga menandatangani perjanjian pelepasan 100 kepemilikan saham DSAW kepada PT Citra Agramasinti Nusantara CAN sebesar AS12.197.880. Perusahaan baru menerima pembay aran dari div estasi tersebut sebesar AS10.000.000 pada tanggal 24 Februari 2011, dan sisany a sebesar AS2.197.880 dicatat sebagai bagian dari akun “Piutang dari pihak-pihak berelasi”. On the same date, the Company also signed an agreement for the divestment of 100 shares of DSAW to PT Citra Agramasinti Nusantara CAN amounting to US12,197,880. The Company received the payment amounting to US10,000,000 on February 24, 2011, and the remaining balance amounting to US2,197,880 is presented as part of “Due from related parties”. Sejak tanggal 17 Februari 2011, CTE, CB dan DSAW bukan merupakan entitas anak dan Perusahaan tidak lagi mengkonsolidasi laporan keuangan CTE, CB dan DSAW. Starting February 17, 2011, CTE, CB and DSAW are no longer the Company’s subsidiaries and are no longer included in the Group’s consolidated financial statements. Pada tanggal 25 Mei 2011, CTI meningkatkan modal dasar dari Sin500.000 ke Sin2.500.000. Peningkatan modal dasar ini seluruhny a disetor oleh Perusahaan sebesar Sin2.000.000 setara dengan AS1.623.513. Pada tanggal 1 Oktober 2012, CTI meningkatkan modal dasar dari Sin2.500.000 ke Sin3.500.000. Peningkatan modal dasar ini seluruhny a disetor Perusahaan sebesar Sin1.000.000 setara dengan AS 812.348. On May 25, 2011, CTI increased its authorized share capital from Sin500,000 to Sin2,500,000. The additional authorized share capital had been fully paid by the Company amounting to Sin2,000,000 equivalent to US1,623,513. On October 1, 2012, CTI increased its authorized share capital from Sin2,500,000 to Sin3,500,000. The additional authorized share capital had been fully paid by the Company amounting to Sin1,000,000 equivalent to US812,348. Indonesian language. PT CITRA TUBINDO Tbk DAN ENTITAS AN AK CATATAN ATAS L APOR AN KEUANGAN KONSOLIDASIAN Tahun Yang Berakhir Pada Tanggal-tanggal 31 Desember 2012 dan 2011 Disajikan dalam dolar AS, kecuali dinyatakan lain PT CITRA TUBINDO Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2012 and 2011 Expressed in U.S. dollars, unless otherwise stated 12 1. U M U M lanjutan 1. GENERAL continued d. Karyawan, dewan komisaris dan direksi d. Employees, boards of commissioners and directors Susunan anggota dewan komisaris dan direksi Perusahaan pada tanggal-tanggal 31 Desember 2012, 31 Desember 2011 dan 1 Januari 201131 Desember 2010 adalah sebagai berikut: The members of the Company’s boards of commissioners and directors as of December 31, 2012, December 31, 2011 and January 1, 2011December 31, 2010 are as follows: 31 Desember 2012December 31, 2012 Dewan Komisaris Board of Commissioners Komisaris Utama : DR. Ir. Suyitno Patmosukismo, M.H : President Commissioner Komisaris Independen Sri Murwardjo Srimardji MSC, FSA.I Independent Commissioner Komisaris Independen Profesor Doktor Johanes Berchmans Kristiadi Pudjosukanto Independent Commissioner Komisaris Doktor Ingenieur Ilham Akbar Habibie Commissioner Komisaris Jean-Pierre, Robert, Luc Michel Commissioner Direksi Directors Direktur Utama : Kris Taenar Wiluan : President Director Direktur Keuangan Hedy Wiluan Hedy Kurniawan Finance Director Direktur Umum Drs. Frankie Setiadi General Affairs Director Direktur Pemasaran Herman Hermanto Marketing Director Direktur Teknik DR. Adam Paul Brunet BA MA D.Phil FIEE C.Eng. Technical Director Direktur Investasi Didier, Maurice, Francis Hornet Investment Director Direktur Tidak Terafiliasi Tjetjep Muljana Unaffialiated Director 31 Desember 2011 dan 1 Januari 201131 Desember 2010 December 31, 2011 and January 1, 2011December 31,2010 Dewan Komisaris Board of Commissioners Komisaris Utama : DR. Ir. Suyitno Patmosukismo, M.H : President Commissioner Komisaris Independen Sri Murwardjo Srimardji MSC, FSA.I Independent Commissioner Komisaris Independen Profesor Doktor Johanes Berchmans Kristiadi Pudjosukanto Independent Commissioner Komisaris Doktor Ingenieur Ilham Akbar Habibie Commissioner Komisaris Jean-Pierre, Robert, Luc Michel Commissioner Direksi Directors Direktur Utama : Kris Taenar Wiluan : President Director Direktur Keuangan Hedy Wiluan Hedy Kurniawan Finance Director Direktur Umum Drs. Frankie Setiadi General Affairs Director Direktur Pemasaran Herman Hermanto Marketing Director Direktur Teknik DR. Adam Paul Brunet BA MA D.Phil FIEE C.Eng. Technical Director Direktur Investasi Didier, Maurice, Francis Hornet Investment Director Pada tanggal 31 December 2012, 31 Desember 2011 dan 1 Januari 201131 Desember 2010, Perusahaan dan Entitas Anak Grup memiliki masing-masing 814, 790 dan 1.542 kary awan tetap dan temporer tidak diaudit. As of December 31, 2012, December 31, 2011 and January 1, 2011December 31, 2010, the Company and Subsidiaries the Group has a total of 814, 790 and 1,542 employees, respectively both permanent and temporary unaudited. Jumlah kompensasi imbalan kerja jangka pendek y ang diterima oleh personil manajemen kunci Grup dewan komisaris dan direksi untuk tahun y ang berakhir pada tanggal-tanggal 31 Desember 2012 dan 2011, masing-masing sebesar Rp13.530.000.000 setara AS1.393.590 dan Rp12.293.000.000 setara AS1.355.646. The total amount of short-term employee benefits compensation received by the Group’s key management personnel boards of commissioners and directors for the years ended December 31, 2012 and 2011 amounted to Rp13,530,000,000 equivalent to US1,393,590 and Rp12,293,000,000 equivalent to US1,355,646, respectively.