IKHTISAR KEBIJAKAN Financial Information | Perusahaan Gas Negara Persero Tbk PT

2. Comprehensive analysis of inancial performance includes a comparison of the inancial performance in the last 2 two years, explanation regarding the changes and impact of its changes, covering at least: 1. Current asset, non current asset, and total asset 2. Short term liabilities, long term liabilities, and total liabilities 3. Equity 4. Revenues, expense, income loss, other comprehensive revenues, and total comprehensive income loss 5. Cash low 106-122 3. Ability to pay debts by presenting relevant calculation ratio. Explanation of: Ability to pay debts, both short- term and long- term 123 4. Receivables collectability level by presenting the relevant calculation ratio 123 5. Discussion of capital structure and capital structure policy. Explanation of: 1. Capital structure 2. Capital structure policy 123-124 6. Discussion of material commitments for capital expenditure with explanation of the purpose of its commitment, source fund expected to meet the commitment, denominated currency, and planned actions to hedge against foreign currency risks: 1. The purpose of the commitments 2. Expected sources of funds to honor the commitment 3. Currency 4. Planned actions to hedge against foreign currency risks Note: if the company has no commitments for capital expenditure, this should be stated 124 7. Material information and facts subsequent to the date of the accountant’s report. Description of signiicant events after the date of the accountant’s report, including the effects on the company’s future performance and business risk Note: if there were no signiicant events subsequent to the date of the accountant’s report, this should be stated 128 8. Business prospect. Description of the company’s prospects in relation to the industry and the economy in general, with supporting quantitative data from reliable sources 128-129 9. Comparison between targetsprojections at the initial of inancial year with the realization, regarding the revenues, proit, capital structure, or others are considered important for the company 124 10. Targetsprojections set by the Company at least for the next one year, in terms of revenues, income loss, capital structure, dividend policy, or others are considered important for the company 126 11. Marketing aspects of company’s products and services, includes: 1. Marketing strategy 2. Market share 130-132 12. Dividend policy and the dates and total dividend per share cash andor non cash and total dividend per year declared and paid for the last 2 two years. Includes the description of: 1. Total dividend 2. Total dividend per share 3. Payout ratio for each year Note: if no dividend was paid, state the reason 133 13. Use of the proceeds from the public offer. Information includes: 1. In case for inancial year, Issuers has an obligation to report the realization of the use of funds, it must be disclosed realization of the use of funds and proceeds from cumulative public offering until the end of inancial year 2. In the event of changes in the use of funds as stipulated in Regulation Number X.K.4, then the Issuer must state the changes 134 14. Material information, regarding investment, expansion, divestment, business mergerfusion, acquisition, restructuring of debtcapital, afiliated transaction, and material transactions involving a conlict of interest during the year if any. Description includes: 1. Date, value, and object of transaction 2. Name of party in transaction 3. Nature of the afiliation if any 4. Clariication of the fairness of the transaction 5. Compliance with related provisions 134-135 15. Changes in the regulations that signiicantly affect the company and its impact on the inancial report if any. Description includes changes in the regulations and their impact on the company Note: if there are no changes that have a signiicant impact, this should be stated 135 16. Changes in accounting policy, reasons and its impact on the inancial report if any. Description includes: changes in accounting policy, reasons and its impact on the inancial report 136

VI. Corporate Governance

1. Description of the Board of Commissioners. Description includes: 1. Description of the duty of the Board of Commissioners 2. Procedure disclosure, basis for determining, and the amount of remuneration of members of the Board of Commissioners 3. Disclosure of company’s policy and its implementation, regarding the meeting frequency of the Board of Commissioners, includes joint meeting with the Board of Directors, and member’s attendance rate 148-150 158-159 162-163, 166-167 2. Description of the Board of Directors. Description includes: 1. Scope of work and responsibilities of each member of the Board of Directors 2. Procedure disclosure, basis for determining, and the amount of remuneration of members of the Board of Directors, and relation between remuneration with company’s performance 3. Disclosure of company’s policy and its implementation, regarding frequency of Director’s meeting, includes joint meeting with the Board of Commissioners, and member’s attendance rate at the meetings 4. Decision of GMS previous year and realization in inancial year, and its reasons in the event there is a decision that has not been realized 5. Disclosure of company’s policy regarding the assessment to the performance of members of the Board of Directors if any 151-153 158, 160-161 164-165, 166-167 143-146 155 3. Description of Audit Committee. Description includes: 1. Names 2. Positions, qualiications and work experience of the committee members 3. Education 4. Period of ofice of the members of Audit Committee 5. Disclosure of Audit Committee’s Independence 6. Disclosure of company’s policy and its implementation, regarding frequency of audit committee meetings and attendance rate 7. Brief report on activities of the audit committee in inancial year speciied accordance in the Audit Committee charter 169-173