Leader of the Meeting

1 84 by a member of the Board of Commissioners appointed by the President Commissioner. 172 3 In the event that the President Commissioner does not make any appointment, then a member of the Board of Commissioners who has served longest is to act as Chairman of the meeting of the Board of Commissioners. 173 4 In the event that the number of longest-serving members of the Board of Commissioners is more than 1 one person, the oldest member of the Board of Commissioners is to act as Chairman for the meeting. 174

d. The Presence of Mechanisms

1 Meeting of the Board of Commissioners is legitimate and can take binding decisions, if attended or represented by more than 12 a half of the total members of the Board of Commissioners. 175 2 In the agenda of “others“, meeting of the Board of Commissioners is not entitled to take a decision unless all members of the Board of Commissioners or the legitimate representatives, attend and approve the addition of agenda. 176 3 A member of the Board of Commissioners can be represented in the meeting only by other member of the Board of Commissioners based on a written power of Attorney which is given specifically for such purpose. 177 4 The Power of Attorney is made after learning of understanding the Meeting Agenda 5 A member of the Board of Commissioners can represent other member of the Board of Commissioners. 178 6 Internal meeting of the Board of Commissioners is attended by members of the Board of Commissioners, the Secretary to the Board of Commissioners or other officials assigned by the Board of Commissioners, except for special meetings that can only be attended by members of the Board of Commissioners. 172 Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 17 173 Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 18 174 Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 19 175 Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 12 176 Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 13 177 Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 14 178 Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 15 84 1 85

e. Decision Making Procedures

1 All decision taken in the meeting of the Board of Commissioners. 179 2 The decision may also be taken outside the meeting of the Board of Commissioners provided that all members of the Board of Commissioners agree about the way and material to be decided. 180 3 All decisions of the meeting of the Board of Commissioners must be based on rational consideration, good faith, considering risk management and have gone through deep investigations on various relevant things, sufficient information and free from conflict of interest and also are made independently by each Member of the Board of Commissioners. 4 Each Member of the Board of Commissioners is responsible for the decision of the Board of Commissioners. 5 All decisions in the meeting of the Board of Commissioners is taken with deliberation for consensus. 181 6 If the deliberation does not reach any consensus, then the decision of the meeting of the Board of Commissioners is taken by an ordinary majority voting. 182 7 If the number of votes that agree and disagree as much, then the decision is to be same as the opinion of the Chairman of the meeting, with remain due regard to the provision of accountability, except for voting for a person, the decision- making meetings is conducted with the closed election. 183 8 Each Member of the Board of Commissioners shall be entitled to issue 1 one vote plus 1 one vote for a member of the Board of Commissioners that he represents. 184 9 A blank vote abstained is deemed agreeing with the proposal submitted in the meeting. 185 10 In the event that there are more than 2 two alternative proposals and voting result has not achieved one 1 alternate with the votes of more than 12 a half of the number of votes 179 Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 1 180 Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 2 181 Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 20 182 Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 21 183 Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 23 184 Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 22 185 Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 24 85 CHAPTER I INTRODUCTION CHAPTER II BOARD OF DIRECT ORS BOD CHAPTER III BOARD OF COMISSIONERS BOC CHAPTER IV ACTIVITY AMONG COMP ANY’S ORGAN CHAPTER V CLOSING