RESPONSIBILITY INDEPENDENCY THE PRINCIPLES OF GOOD CORPORATE GOVERNANCE

1 16 Self-reliance is important in order that each organ of the Company is able to perform its tasks well for the interests of the Company and be accountable for the implementation of each task.

E. FAIRNESS

Fairness is justice and equality in fulfilling the rights of stakeholders that arise based on the legislation agreement, Company policies, regulations and other provisions and principles of a sound corporate. Things that must be considered in implementing the principle of fairness are: 1. Providing information to the Shareholders in accordance with their rights or without distinguishing number of shareholding. 2. Providing equal opportunities without discrimination to all stakeholders in giving inputs and opinions for the benefit of the Company in accordance with the mechanisms established by the Company. 3. Establishing fair rewards and punishment system in accordance with the applicable policies. 1 C HA P T E R I IN T R O D U C T IO N C HA P T E R I I T H E PR IN C IPL ES O F G O O D C O R PO R A T E G O VER N A N C E C HA P T E R I I I T H E C O MP A N Y O R G A N S C HA P T E R I V T H E C O MP A N Y’ S PR IN C IP A L PO L IC Y C HA P T E R V I MA N A G EMEN T O F R EL A T IO N - SH IP W IT H ST A K EH O L D ER S C HA P T E R V I I IMPL EMEN T A T IO N O F G U ID EL IN ES C HA P T E R V I I I C L O SI N G C HA P T E R V MA N A G EMEN T O F SU B SI D IA R IES 17 17

CHAPTER III THE ORGANS OF THE COMPANY

Organ of the Company, which consists of the General Meeting of Shareholders, the Board of Commissioners and the Board of Directors of the Company, has an important role in the GCG implementation effectively. Organ of the Company shall perform its functions in accordance with the prevailing provisions based on the principle that each organ of the Company is independent in carrying out its duties, functions and responsibilities solely for the benefit of the Company.

A. SHAREHOLDERS

Perusahaan Perseroan PERSERO PT Superintending Company of Indonesia or abbreviated as PT SUCOFINDO PERSERO was established in Jakarta based on Notarial Deed Johan Arifin Lumban Tobing Sutan Arifin, SH dated October 22 1956 number 42 announced in the supplement to Republic of Indonesia Official Gazette on 18 April 1958 Number 31, as last amended by Deed No. 10 dated August 8 th , 2008 made before Indah Prastiti Extensia, Notary in South Jakarta and has been received by the Minister of Justice and Human Rights of the Republic of Indonesia Letter No. AHU-80823.AH.01.02 2008 October 31 st , 2008. 1

1. Shareholder Composition

The percentages of the authorized capital of each Shareholder based on the supplement to Official Gazette No. 97 dated 212-2008, are: a. The Republic of Indonesia = 95 ninety five percent. b. Societe Generale de Surveillance Holding S.A. SGS = 5 five percent.

2. Position of the Shareholders

Position of Shareholders represented in the General Meeting of Shareholders GMOS based on the Articles of Association of the Company and in accordance with the prevailing legislation is as: 2 1 Articles of Association of the Company 2 Law No.40 year 2007