Use of HMETD Certificate

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XVI. Information on Standby Buyer

Based on Standby Purchase Agreement of Shares of PT Chandra Asri Petrochemical Tbk dated 25 September 2013, as amended and restated by the Deed of Addendum and Restatement of Standby Purchase Agreement of Shares No. 31 dated 16 October 2013, drawn before Fathiah Helmi, S.H., Notary in Jakarta “Standby Purchase Agreement”, Magna Resources Pte., Ltd shall act as standby buyer will subscribe all of the remining shares offered which are not subscribe by the HMETD Holders in this LPO I “Rump Shares”. The obligations of the Standby Buyer under the Standby Purchase Agreement are conditional on the following conditions precedent having been satisfied or waived in writing by the Standby Buyer at the latest prior to the EGMS: a. the Company’s representations and warranties, as contained herein are accurate and correct on the date of the signing of this Standby Purchase Agreement, and on the date where the Registration Statement becomes effective and the Company has complied with the provisions under the Standby Purchse Agreement; b. obtain a letter from OJK stating that OJK does not require any additional information and does not have any further written comments on the Registration Statement that has been submitted to OJK; c. i the Standby Purchase Agreement is still valid, ii the Company and the Standby Buyer neither violate nor fail to meet their obligations under the Standby Purchase Agreement, and iii the condition precedents have been satisfied or waived; d. The Company shall have delivered a legal opinion issued by Assegaf Hamzah Partners, legal consultant of the Company, addressed to the Company as required by OJK in relation to LPO I, to the Standby Buyer no later than 2 Business Days prior to the date EGMS. This agreement shall be effective upon the signing of this Agreement and will be automatically terminated in the event that: i approval from the EGMS is not obtained; or ii All of the obligation of the Company and Standby Buyer has been met. This agreement may be terminated by either party no later than 2 Business Days prior to the EGMS in the event that: i After the date of this Agreement, any of the following occur: a any changes in the political or economic conditions in Indonesia or international which has a negative impact to the Company, or b any material suspension or restriction on the trading of securitie on IDX, or c any disruption in securities transaction settlement in Indonesia or clearing service in Indonesia, or d any war or national disaster in Indonesia which has a direct adverse impact to the LPO I; or ii One of the Parties fails to meet the terms and conditions of the Standby Purchase Agreement and such breach is not remedied within no later than 2 two Business Days prior to EGMS. Based on the Statement Letter from Magna Resources Corporation Pte. Ltd dated 27 September 2013 regarding the Sufficiency of Fund with regard to the Limited Public Offering I to the Shareholders of PT Chandra Asri Petrochemical Tbk with HMETD, Magna Resources stated that with regard to this LPO I, Magna Resources has agreed to act as a standby buyer to subscribe all remaining shares which is issued in this LPO I, which are not subscribed by the existing shareholders, and Magna Resources has sufficient fund and therefore able to purchase and subscribe all of the remaining shares issued in LPO I. Magne Resources is affiliated with the Company whereas Magna Resources is an indirect controller of the Company through PT Barito Pacific Tbk as the majority shareholder of the Company. Information on Standby Buyer: Magna Resources is a company under the law of Singapore, having its address at 1 Raffles Place, 39-01, One Raffles Place, Singapore 048616. Magna Resources is wholly owned by Thelveton Global Asset Limited. Business Activies The business activities of Magna Resources, among others, is to operate as a holding company. On the date of the issuance of this Prospectus, the member of the Board of Directors of Magna Resources is: Director: Prajogo Pangestu Director: Nancy Pangestu Tabardel Director: Goh Hui Chen Wu Huizhen.