Term of Office Board Manual PT SUCOFINDO (PERSERO) ilove compressed

1 57 b. Office of the member of the Board of Commissioners will expire if: 1 Passed away, 113 2 Tenure ends, 114 3 Dismissed based on the decision of the GMOS, 115 4 No longer qualified as a member of the Board of Commissioners based on the Articles of Association and other legislations, 116 5 Dismissed by decision of the Extraordinary GMOS, because of among others a unable to perform his duties properly, b does not implement the provisions of the legislation andor the provisions of the Articles of Association, c engaged in actions that harm the State andor SOE, d found guilty by the court rullings that have permanent legal force.

6. Dismissal of Members of the Board of Commissioner

a. A member of the Board of Commissioners at any time can be dismissed based on the decision of the GMOS by mentioning the reason. 117 b. The dismissal as referred to subparagraph a is executed when, based on the reality, the concerned member of the Board of Commissioners among others: 118 1 Does not perform their job properly, 2 Does not implement the legislation andor the provisions of Articles of Assosiation, 3 Engage in actions that are detrimental to the Company andor the State, 4 Found guilty by court rulings that have permanent legal force. c. The dismissal plan of members of the Board of Commissioners as mentioned in subparagraph a is notified to the concerned member of the Board of Commissioners verbally or in writing by the Shareholders. 119 113 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 29 114 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 29 115 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 29 116 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 29 117 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 13 118 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 14 119 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 16 57 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 1 58 d. The decision of dismissal for reasons as referred to in subparagraph b is taken after the concerned member is given the opportunity to defend himself. 120 e. In the event that the dismissal is not performed in the GMOS, then self-defense as referred to in subparagraph d is submitted in writing to Shareholders at least 14 fourteen days counted since the concerned members of the Board of Commissioners is notified as referred to in subparagraph c. 121 f. The process for dismissal of members of the Board of Commissioners by GMOS will be executed in accordance with the provisions of legislation. Unless the intended dismissal is due to a court rulling that has permanent legal force andor resign, then the concerned member of the Board of Commissioners is given an opportunity to be present in GMOS in order to defend himself. g. While the dismissal plan as referred to in subparagraph a is still in progress, then the concerned member of the Board of Commissioners is still obliged to carry out his duties properly. 122 h. Such dismissal is effective since the closure of GMOS which decides the dismissal, unless determined otherwise by GMOS. i. The member of Board of Commissioners who has been dismissed is still required to present his accountability starting from the beginning of the fiscal year or his appointment date in the current fiscal year until the effective date of his dismissal, provided that the action of the concerned member of Board of Commissioners is reflected in Annual Report of the current year.

7. Resignation of A Member of the Board of Commissioners

a. A member of the Board of Commissioners shall be entitled to resign from hisher position by giving a written notification regarding such intention to the Company with copy to the Shareholders, other members of the The Board of Commissioners and the Board of Directors no later than 30 thirty days before the effective date of his resignation. 123 b. If the effective date, which is mentioned in the resignation letter, is less than 30 thirty days from the date of the acceptance of the 120 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 17 121 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 18 122 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 19 123 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 27 58