MODAL SAHAM lanjutan SELISIH TRANSAKSI PERUBAHAN EKUITAS ANAK PERUSAHAAN SHARE CAPITAL continued DIFFERENCE ARISING FROM TRANSACTIONS RESULTING IN CHANGES IN THE EQUITY OF PENCADANGAN SALDO LABA DAN PEMBAGIAN LABA

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI 30 Juni 2011 Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain ____________________________________________________ PT KRAKATAU STEEL PERSERO Tbk NOTE TO THE CONSOLIDATED FINANCIAL STATEMENTS June 30, 2011 Expressed in millions of Rupiah, unless otherwise stated _________________________________________________ 90

24. MODAL SAHAM lanjutan

Ketentuan-ketentuan dan syarat-syarat pelaksanaan program MESOP akan ditetapkan lebih lanjut oleh Dewan Komisaris Perusahaan. Sampai dengan tanggal 18 Maret 2010, Dewan Komisaris Perusahaan belum menetapkan ketentuan-ketentuan dan syarat-syarat pelaksanaan program MESOP tersebut.

25. SELISIH TRANSAKSI PERUBAHAN EKUITAS ANAK PERUSAHAAN

24. SHARE CAPITAL continued

The terms and provisions for the implementation of MESOP program will be determined by the Company‟s Board of Commissioners. Up to March 18, 2010, the Company‟s Board of Commissioners has not yet determined the terms and provisions for the implementation of MESOP program.

25. DIFFERENCE ARISING FROM TRANSACTIONS RESULTING IN CHANGES IN THE EQUITY OF

SUBSIDIARIES Selisih transaksi perubahan ekuitas Anak Perusahaan pada tanggal 30 Juni 2011 dan 31 Desember 2010 merupakan perbedaan antara bagian Perusahaan sebelum dan sesudah penerbitan saham baru PT Latinusa catatan 11. PT Latinusa melakukan penerbitan saham baru melalui penawaran umum perdana pada tahun 2009. Penerbitan saham baru tersebut tidak diambil bagiannya oleh Perusahaan sehingga persentase kepemilikan Perusahaan pada PT Latinusa terdilusi menjadi sebesar 75,10.

26. PENCADANGAN SALDO LABA DAN PEMBAGIAN LABA

Difference Arising from Transactions Resulting in Changes in the Equity of Subsidiaries as of June 30, 2011 and December 31, 2010 is the difference between the Company‟s share before and after the issuance of new shares of PT Latinusa Note 11. In 2009, PT Latinusa issued new shares through initial public offering. The Company did not take part of such issuance of new shares and therefore its percentage of ownership was diluted to 75.10.

26. APPROPRIATIONS OF RETAINED EARNINGS AND DISTRIBUTIONS OF INCOME