Terms of Office of the Board of Commissioner

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 29 29 c. The terms of office of Member of the Board of Commissioner ends when: 61 1 Passed away. 2 The tenure ends. 3 Dismissed based on the decision of the GMOS. 4 No longer meets the requirement as a member of the Board of Commissioners based on the provisions of the Articles of Association and legislation.

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

a. Duties and Obligations 62 of the Board of Commissioners 1 The Board of Commissioners is in charge of conducting supervision towards the management policy, general management process of the Company’s business conducted by the Board of Directors, and providing advice to the Board of Directors, including supervision towards the implementation of the long-term business plan, work plan and budget of the Company as well as the provisions of the Articles of Association and the GMOS Resolutions, as well as the prevailing legislation, for the interest of the Company and in accordance with the aims and objectives of the Company. 63 2 Provides advice to the Board of Directors in the managing the Company. 3 Review, study and sign Long-term Business Plan and Work Plan of the Board of Directors in accordance with the provisions of the Articles of Association. 4 Provide opinions and advice to the GMOS regarding the reasons of the Board of Commissioners signing the Company Long-term Business Plan and Work Plan. 5 Keep abreast the development of the Company’s activity, provide opinions and advice to the GMOS on any issues that are considered important for the Company management. 6 Report immediately to the GMOS should there be any potential decrease in the Company’s performance. 61 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 29, Regulation of the Minister of SOE No. PER-02MBU022015 Chapter V B Paragraph 1 62 Article of Association of PT SUCOFINDO PERSERO Article15 Paragraph 2.b 63 Article of Association of PT SUCOFINDO PERSERO Article 15 Paragraph 1 1 30 30 7 Review and study the periodic and annual reports, and sign the annual report prepared by the Board of Directors. 8 Provide explanations, opinions and suggestions to the GMOS regarding the annual report, if requested. 9 Prepare annual work programme and include it in the Company Work and Budget Plan. 10 Establish the Audit Committee. 11 Propose a public accountant to the GMOS. 12 Prepare minutes of the meeting of the Board of Commissioners and keep the copy. 13 Report to the Company regarding its andor his family ownership on the Company and other companies. 14 Provide a report to the GMOS on their supervision task that has been performed during the past financial year. 15 Carry out other obligations in the framework of their supervision task and providing advice, as long as not conflicting with the legislation, Articles of Association, andor GMOS. 16 In performing their job, every member of the Board of Commissioners must: a Comply with the Articles of Association and legislations and the principles of professionalism, efficiency, transparency, independence, accountability, responsibility and fairness. 64 b Act in good faith, prudence and responsible in carrying out the supervision task and providing advice to the Board of Directors for the interest of the Company and in accordance with the aims and objectives of the Company. 65

b. Authorities of the Board of Commissioner

The Board of Commissioners is authorized to 66 1 Review the bookkeeping, letters, and other documents of the Company, examine the cash and other securities of the Company for the purposes of verification, and examine the Company’s assets; 2 Entering the Company yard, buildings, and offices used by the Company; 64 Article of Association of PT SUCOFINDO PERSERO Article 15 Paragraph 3.a 65 Article of Association of PT SUCOFINDO PERSERO Article 15 Paragraph 3.b 66 Article of Association of PT SUCOFINDO PERSERO Article 15 Paragraph 2.a