Agreement for construction of infrastructure

Schedule 576 PT BAYAN RESOURCES AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 MARCH 2008 AND 2007 AND 31 DECEMBER 2007, 2006 AND 2005 Expressed in million Indonesian Rupiah, unless otherwise stated 28. SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES continued o. Heavy equipment sales contract BE On 2 January 2007, BE entered into an agreement to sell three pieces of heavy equipment to PT KTH Mining Engineering “KTH”, a third party. As at 31 March 2008, the receivables from this transaction amounted to Rp 9,825 31 March 2007: Rp 15,746—unaudited and 31 December 2007: Rp 10,041. Based on the agreement, KTH will pay through 23 installments, whereby the first installment amounted to US83,894 and the following installments amounted to US71,065 each.

p. Machinery purchase contract

KOTR In February 2007, KOTR entered into an agreement with Italmatic Singapore Pte. Ltd., for purchase of machinery with a contract amount of EUR 900,000 or Rp 13,103. Based on the agreement, the related machinery will be received by the Company in 2008. An advance for purchase of the machinery of EUR 270,000 or Rp 3,931 was paid to Italmatic Singapore Pte. Ltd. during 2008 and 2007.

q. Lease agreement

Group except BAS, BT, KOTR and FSP On 26 July 2006, the Group except BAS, BT, KOTR and FSP entered into master lease agreement with PT Austindo Nusantara Jaya Finance “ANJF”. Based on the latest amendment dated 29 March 2007, the value of the contract amounting to US25 million and released DPP from the related agreement. Based on assignment of lease receivables agreement dated 26 July 2006 between Australian and New Zealand Banking Group Limited “ANZ” and ANJF, ANJF has assigned all its receivables under the master lease agreement to ANZ. In addition, ANZ also provided loan facility to BI based on loan agreement dated 25 April 2007 with a total facility maximum to US25 million. The master lease agreement and loan facility above are secured by the payment in relation to the sales and purchase of coal from GBP entered between the Company and Mitsui Co., Ltd., dated 1 January 2007 and guarantee from the Company, GBP and WBM. Refer to Note 33m for the release of guarantee from the Company, GBP, and WBM to the above agreement subsequent to 31 March 2008.

r. Maintenance agreement

GBP On 21 November 2005, GBP entered into a maintenance contract with PT United Tractors Tbk for equipment maintenance. The agreement is valid for three years with the fee is ranging from US0.10hour to US8.33hour. On 22 June 2005, GBP entered into a fleet maintenance contract with PT Chakra Jawara for equipment maintenance. The agreement is valid for three years. Based the latest amendment on 8 February 2007, the fee charged which is ranging from US0.11km to US0.25km. F-93 Schedule 577 PT BAYAN RESOURCES AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 MARCH 2008 AND 2007 AND 31 DECEMBER 2007, 2006 AND 2005 Expressed in million Indonesian Rupiah, unless otherwise stated

28. SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES continued s. Corporate Guarantee Agreement

GBP dan IP On 1 December 2005, GBP and IP entered into a corporate guarantee agreement in respect of the obligations of BI to SMBC amounted US60 million.

29. EMPLOYEE COSTS

31 March 31 December 2008 2007 2007 2006 2005 Unaudited Restated Restated Employee costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,585 24,351 133,709 93,369 59,521 Total remuneration paid to the Board of Directors and Commissioners of the Group amounted to Rp 6,471 31 March 2007: Rp 4,101—unaudited, 31 December 2007: Rp 18,880, 2006: Rp 7,333 and 2005: Rp 4,913.

30. SEGMENT INFORMATION

Information concerning the business segments of the Company and its subsidiaries is as follows: 31 March 2008 Coal Non-coal Eliminations Consolidated Revenue: External segment revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 742,998 29,115 — 772,113 Inter-segment revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 324,285 39,999 364,284 — Net revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,067,283 69,114 364,284 772,113 Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176,246 8,620 33,990 150,876 Selling expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151,483 5,529 38,914 118,098 General and administration expenses . . . . . . . . . . . . . . . . . . . . . 25,731 2,603 — 28,334 Operating lossincome . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 968 488 4,924 4,444 Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,458 14,907 9,854 27,511 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 452 269 — 721 Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67,056 5,542 25,051 47,547 Profitloss before income tax . . . . . . . . . . . . . . . . . . . . . . . . . . 44,082 8,608 10,273 25,201 Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,540 2,946 562 6,156 Minority interest in net income of subsidiaries . . . . . . . . . . . . . 500 — 2,058 2,558 Net incomeloss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35,042 5,662 12,893 16,487 Segment assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,543,800 655,915 1,160,269 3,039,446 Segment liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,202,925 690,126 1,022,108 2,870,943 Acquisition of fixed assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85,875 12,218 12,717 85,376 Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43,791 21,362 679 64,474 Amortisation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,185 — — 5,185 F-94