Authorities of the Board of Commissioners

1 80 j. Undertake the management of the Company in certain circumstances for certain period of time in accordance with the provisions of the Articles of Association. k. Attend Board of Directors meetings and provide opinions on the issues discussed. l. Temporarily manage the Company in the case of all members of the Board of Directors are laid off temporarily or the Company does not have any member of the Board of Directors, with the obligation no later than 30 thirty days after the vacancy occurs, to propose to the GMOS to fill the vacancy. BOC has the right to provide temporary power to one or more members of the Board of Commissioners at the expense of the BOC. m. Propose candidates of Directors members who come from internal of the Company to the Minister of State Enterprises, based on the results of the fit and proper test conducted by a professional institution appointed by the Company. n. Propose to the Board of Directors to organize a GMOS if deemed necessary by mentioning the issues that will be discussed. o. Provide approval that the interests of one member of the Board of Directors will be represented by other member of the Board of Directors in the event of there is a conflict of interest of one of the Board of Directors’ members who is represented. In the event of there is conflict of interest by all members of the Board of Directors, then the Company will be represented by the Board of Commissioners or by a person who is appointed by the Board of Commissioners, p. Provide approval on the recommendation of the appointment of the Company Secretary and the Head of Internal Control Unit, q. Execute other supervisory authority that is not contrary to the legislations, the Articles of Association andor resolution of the General Meeting of Shareholders. Explanation related to the authority of the Board of Commissioners towards the deeds of the Board of Directors which require written approval from the Board of Commissioners, is stated in the Section of Authority of the Board of Directors. Board of Directors act requiring the approval of the Board of Commissioners is submitted to the Board of Commissioner no later than 80 1 81 30 thirty days before the meeting of the Board of Commissioners is held. Decision making or a response of the Board of Commissioners over the proposal is delivered to the Board of Directors through electronic media not later than 3 three days after decision is made by the Board of Commissioners or in writing no later than 14 fourteen days after the meeting of the Board of Commissioners is held. Proposal of the Board of Directors that is urgent and requires immediate approval from the Board of Commissioner is submitted to the Board of Commissioner not later than 7 seven days before the meeting of the Board of Commissioners is held. Decision making or a response of Board of Commissioners over the proposal is delivered to the Board of Directors thorugh electronic media not later than 3 three days or in writing not later than 7 seven days after the meeting of the Board of Commissioners is held. The Board of Commissioners response in written to the matters which need to obtain the approval of GMOS.

4. Rights of the Board of Commissioners The Board of Commissioners has the right to:

a. Receive remuneration which consists of honorarium and allowances facilities including severance payment for the type and value as determined by the General Meeting of Shareholders with regard to the prevailing legislation. b. Obtain tantiem in the event of the Company gains profit in the fiscal year concerned. c. Obtain an induction program for a newly appointed members of the Board of Commissioners and capability enhancement program for members of the Board of Commissioners.

E. THE BOARD OF COMMISSIONERS MEETINGS 1. Type of Meeting of the Board of Commissioners

a. Internal Meeting of the Board of Commissioners

Internal meeting of the Board of Commissioners is organized by the Board of Commissioners and only attended by members of the Board of Commissioners. 81 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 82 When necessary, the Internal meeting of the Board of Commissioners may invite other parties with respect to the agendatopics of discussion of the meeting b. Joint meeting between the Board of Commissioners with the Board of Directors Joint meeting is a meeting between the Board of Commissioners and Board of Directors and can be also held at the request of the Board of Directors. More detailed provisions related joint meeting are stated in chapter IV.

c. Meeting of the Board of Commissioners and the Committee of the Board of Commissioners

Meeting of the Board of Commissioners and the Committee of the Board of Commissioners is a meeting that invites Committees of the Board of Commissioners in order to discuss the Committees periodic reports, as well as current issues which relate to transactions that require approval of the Board of Commissioners.

2. The Mechanism of Implementation of the Meeting of the Board of Commissioners

a. Schedule, Call and Agenda of Meetings 1 The Board of Commissioners holds meetings at least once in a month, in which the Board of Commissioners may invite the Board of Directors. 166 2 Call of meetings of the Board of Commissioners is made in writing by the Board of Commissioners or by a member of the Board of Commissioners appointed by the President Commissioner and delivered in a period of at least 5 five days before the meeting is held or a shorter time if in urgent circumstances, regardless of the date of the call and the date of the meeting. 167 3 The call of the meeting referred to in point 2 must include the agenda, date, time and place of the meeting. 168 166 Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 7 167 Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 9 168 Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 10 82