GENERAL Continued a. Establishment

PT PANIN SEKURITAS TBK DAN ENTITAS ANAKNYAAND ITS SUBSIDIARIES PT PANIN SEKURITAS Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2016 Dinyatakan dalam Rupiah, kecuali dinyatakan lain PT PANIN SEKURITAS Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2016 Expressed in Rupiah, unless otherwise stated Halaman - 15 - Page 1. UMUM Lanjutan 1. GENERAL Continued c. Struktur grup Lanjutan c. The group structure Continued Perubahan anggaran dasar entitas anak tersebut antara lain: a. Perubahan nama entitas anak menjadi PT Patria Investama b. Maksud dan tujuan serta kegiatan usaha entitas anak menjadi usaha dalam bidang perdagangan, industri, pembangunan, pertanian, angkutan, jasa dan percetakan The changes of subsidiary ’s articles of association are: a. The changes of subsidiary ’s name became PT Patria Investama b. The purpose and the objective’s subsidiary as well as business activities become in the areas of trading, industry, construction, agriculture, transportation, service and printing Entitas anak telah memperoleh Surat Izin Usaha Perdagangan SIUP dari Dinas Koperasi, Usaha Mikro, Kecil, dan Menengah, dan Perdagangan Provinsi DKI Jakarta No. 13133-04PM 1.824.271 tanggal 17 September 2013. Sampai dengan tanggal laporan keuangan ini dibuat, entitas anak belum melakukan kegiatan operasional. The subsidiary has obtain a business license SIUP from The Department of Cooperatives, Micro Business, Small, and Medium Enterprises, and Trading of Provincial DKI Jakarta No. 13133-04PM1.824.271 dated 17 September 2013. Up to the date of this financial report, the subsidiary has not started its commercial operation. Persentase kepemilikan saham oleh Perusahaan adalah sebesar 49, namun kekuasaan dalam pengaturan operasional PT Patria Investama telah sepenuhnya diserahkan kepada Perusahaan oleh pemegang saham lainnya. Dengan adanya pengendalian tersebut maka laporan keuangan PT Patria Investama dikonsolidasikan. The Company has an interest ownership of 49, however the power to rule PT Patria Investama ’s financial policies and operational management has been fully assigned to the Company by the others shareholders. Based on this control, the PT Patria Investama ’s financial statements are consolidated. 2. PT Panin Asset Management PT Panin Asset Management “PAM” berkedudukan di Jakarta, didirikan berdasarkan akta Notaris yang dibuat di hadapan Fathiah Helmi, SH., Notaris di Jakarta, No. 32 tanggal 17 Maret 2011 dan telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan daftar perseroan No. AHU-0033289.AH.01.09 tahun 2011 tanggal 26 April 2011 dan telah diumumkan dalam Berita Negara Republik Indonesia No. 69 tanggal 28 Agustus 2012, Tambahan No. 41752.

2. PT Panin Asset Management

PT Panin Asset Management “PAM” domiciled in Jakarta, was established based on Notarial deed No. 32 dated 17 March 2011, of Fathiah Helmi, SH, Notary in Jakarta and had been approved by the Minister of Law and Human Rights of the Republic of Indonesia with list of Company 2011 No. AHU- 0033289.AH.01.09 year 2011 dated 26 April 2011 and was published in the State Gazette of the Republic of Indonesia No. 69 dated 28 August 2012, Supplement No. 41752. Pada tanggal 18 Agustus 2011, PAM, entitas anak secara efektif melakukan kegiatan operasional karena telah mendapat izin usaha dari Kementerian Keuangan Republik Indonesia Badan Pengawas Pasar Modal dan Lembaga Keuangan berdasarkan surat keputusan BAPEPAM-LK No. KEP-06BLMI2011 tanggal 18 Agustus 2011. Persentase kepemilikan saham Perusahaan di PAM adalah sebesar 90. On 18 August 2011, PAM, a subsidiary effectively conduct operations because it has been received a business license from the Ministry of Finance of the Republic of Indonesia Capital Market Supervisory Agency and Financial Institution based on Decree of Bapepam-LK No. KEP-06BL MI2011 dated 18 August 2011. The Company’s percentage intere ownership in PAM is 90. Perusahaan bersama-sama entitas anak untuk selanjutnya disebut sebagai “Grup”. The Company together with its subsidiaries will be herein after referred as the “Group”.