Acquisition of SIP formerly Kufpec Indonesia Pangkah B.V, “KIP”

ENTITAS ANAK SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS 31 Maret 2017 dan 31 Desember 2016 dan untuk Periode Tiga Bulan March 31, 2017 and December 31, 2016 for Period The Three Months yang Berakhir Pada Tanggal 31 Maret 2017 dan 2016 Ended March 31, 2017 and 2016 Disajikan dalam Dolar Amerika Serikat AS, kecuali dinyatakan lain Expressed in US Dollar, unless otherwise stated

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b. Akuisisi SIPL dahulu Hess Indonesia Pangkah Limited, “HIPL”

17,250,083 259,851,818 23,587 25,318,546 7,577,980 4,810,491 11,921,146 243,256,222 35,533,125 29,034,949 1,238,787 June 2013 Imbalan pembelian yang dialihkan 259,851,818 Purchase consideration transferred Recognised amount of assets and liabilities: AKUISISI Lanjutan ACQUISITION Continued Utang lain-lain Liabilitas imbalan pascakerja Utang kepada pihak berelasi Liabilitas pajak tangguhan Liabilitas pembongkaran aset dan restorasi area Nilai wajar aset neto teridentifikasi Oil and gas properties Goodwill Other payables Post-employment benefit obligation Loan to related parties Deferred tax liability Asset abandonment and restoration obligations Purchase consideration transferred Jumlah aset dan liabilitas yang diakui: Kas dan setara kas Piutang lain-lain Persediaan Beban dibayar dimuka Uang muka pajak Properti minyak dan gas Goodwill 8,459,834 12,605,626 26 Juni Tabel berikut merangkum harga perolehan akuisisi SIPL dan jumlah aset yang diperoleh dan liabilitas yang diambil alih pada tanggal akuisisi. The following table summarises the consideration paid for acquisition of SIPL and the amounts of the assets acquired and liabilities assumed recognised at the acquisition date. 10 Januari Cash and cash equivalents Other receivables Inventories Prepaid expenses Prepaid taxes January 2014 Imbalan pembelian yang dialihkan 564,763,242 Purchase consideration transferred Jumlah aset dan liabilitas yang diakui: Recognised amount of assets and liabilities:

b. Acquisition of SIPL formerly Hess Indonesia Pangkah Limited, “HIPL”

Pada tanggal 10 Januari 2014, SIPBV telah melakukan akuisisi atas 100 kepemilikan saham pada Hess Indonesia Pangkah Limited dari pemilik saham lama, yaitu Hess Oil and Gas Holding Inc. dan Hess NWE Holdings, dengan imbalan pembelian yang dialihkan sebesar USD564.763.242 yang terdiri dari akuisisi saham sebesar USD27.429.910 dan USD29.424.980 serta pengalihan piutang oleh SEI masing-masing sebesar USD537.333.332. Selanjutnya pada tanggal 16 Januari 2014, HIPL berganti nama menjadi SIPL. On January 10, 2014, SIPBV acquired 100 equity interests in Hess Indonesia Pangkah Limited from the previous owner Hess Oil and Gas Holding Inc. and Hess NWE Holdings, with the purchase consideration transferred of USD564,763,242 respectively, which consist of acquisition of shares amounted to USD27,429,910 and USD29,424,980 and also handover of receivable by SEI amounted to USD537,333,332. Subsequently on January 16, 2014, HIPL have changed its names to SIPL. Goodwill 39,341,881 Goodwill Utang lain-lain 5,597,872 Other payables Liabilitas imbalan pascakerja 6,286,448 Post-employment benefit obligation Aset lain-lain 20,766,211 Prepaid taxes Properti minyak dan gas 587,602,431 Oil and gas properties Kas dan setara kas 19,416,567 Cash and cash equivalents Piutang lain-lain 49,081,311 Other receivables Persediaan 16,759,843 Inventories Nilai wajar aset neto teridentifikasi 564,763,242 Purchase consideration transferred Utang usaha 11,025,387 Trade payables Utang pajak 38,666,939 Tax payables Liabilitas yang masih harus dibayar 54,937,250 Accrued liabilities Liabilitas pajak tangguhan 20,433,594 Deferred tax liability Liabilitas pembongkaran aset dan restorasi area 31,257,512 Asset abandonment and restoration obligations 47 ENTITAS ANAK SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS 31 Maret 2017 dan 31 Desember 2016 dan untuk Periode Tiga Bulan March 31, 2017 and December 31, 2016 for Period The Three Months yang Berakhir Pada Tanggal 31 Maret 2017 dan 2016 Ended March 31, 2017 and 2016 Disajikan dalam Dolar Amerika Serikat AS, kecuali dinyatakan lain Expressed in US Dollar, unless otherwise stated

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