Qualifications of the Board of Directors

1 38 38 3 Was convicted for committing criminal acts which harmed the financial and orrelated to the financial sector. c. In addition to the requirements as mentioned in point b, must also meet other requirements defined by the technical agencies based on legislation. 95 d. Eligibility as stated on point b is evidenced by an affidavit signed by the candidate of member of the Board of Directors and the letter is kept by the Company 96 e. Appointment of member of the Board of Driectors is performed by considering the skills, experience and other requirements based on the legislation. 97 f. Person with good character and has the ability to perform tasks carefully in accordance with his position. g. Does not represent the interests of a particular political party. h. Has passed the selection through fit and proper test that is carried out by a team formed by the Minister of State-Owned Enterprises without going through a professional institution or professional institutions designated by the Minister of State-Owned Enterprises SOE. 98

2. Composition of the Board of Directors

a. The number of the Board of Directors members is in line with the requirements of the Company. In the event of the Board of Directors consists of more than 1 one member of the Board of Directors, one of them is appointed as the President Director. 99 b. Composition of the Board of Directors must allow effective, precise and fast decision making and can act independently. 100

3. Terms of Office of the Board of Directors

a. The terms of office of members of the Board of Directors is determined for 5 five years and may be reappointed for one 1 term. 101 95 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 2 96 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 4 97 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 5 98 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 5 99 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 1 100 The General Guidelines of Good Corporate Governance Indonesia issued by the National Committee on Governance NCG 2006 Chapter IV D Board of Directors 101 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 11, Law No. 19 Year 2003 Article 16 Paragraph 4 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 39 39 b. The GMOS can dismiss the members of the Board of Directors at any time by mentioning the reason. 102 c. The terms of office of members of the Board of Directors ends when: 103 1 Passed away. 2 His tenure ended. 3 Be dismissed based on the decision of the GMOS. 4 No longer meet the requirement as a member of the Board of Directors based on the provisions of the Articles of Association and legislations.

4. Duties, Obligations, Authorities and Rights of the Board of Directors

a. Duties and Obligations 104 of the Board of Directors 1 Board of Directors is in charge of performing all acts relating to the management of the Company for the benefit of the Company and in accordance with the purpose and objectives of the Company and represent the Company both inside and outside the Court regarding all matters and events with limitations as set forth in the legislations, Articles of Associations andor GMOS DecisionResolution. 105 2 One of members of the Board of Directors is appointed by the Board of Directors Meetings as a responsible person in the implementation and monitoring of the GCG in the Company. 106 3 Strive and ensure the implementation of the business and activities of the Company is in accordance with the Company purpose and objective. 4 Prepare in timely manner the Company long-term business plan and Corporate budget work plan and its changes and submit it to the Board of Commissioners and Shareholders to obtain the GMOS ratification. 5 Provide explanation to the GMOS regarding the Long-Term Business Plan and Corporate Budget Work Plan. 102 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 13, Law No. 19 Year 2003 Article 17 103 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 30 104 Article of Association of PT SUCOFINDO PERSERO Article 11 Paragraph 2.b 105 Article of Association of PT SUCOFINDO PERSERO Article 11 Paragraph 1 106 Regulation of the Minister of SOE No. PER-09MBU2012 Article 19 Paragraph 2