TRADE PAYABLES continued 2009 Liquidation Adaro Finance B.V., MEC Indo Coal B.V. and Arindo Global Netherland B.V.

Adaro Energy Annual Report 2009 175 www.adaro.com PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 537 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009 AND 2008 Expressed in million Rupiah, unless otherwise stated

21. LONG-TERM BANK LOANS 2009

2008 Rupiah PT Bank CIMB Niaga Tbk - 25 US Dollars Syndicated Loan 5,170,000 6,570,000 Senior Credit Facility syndicated loan 2,165,384 2,574,455 PT Bank OCBC NISP Tbk 141,000 - 7,476,384 9,144,455 Total long-term bank loans 7,476,384 9,144,480 Less: Portion due within one year 1,856,039 818,538 Non-current portion 5,620,345 8,325,942 The interest rates on the long-term bank loans are as follows: 2009 2008 Rupiah - 6.9 US Dollars 1.5 - 6.7 3.3 - 6.5

a. Syndicated Loan

On 2 November 2007, Adaro and Coaltrade, as the Borrowers, entered into a syndicated loan facility agreement with several foreign banks the “Lenders”, which consisted of DBS Bank Ltd, Standard Chartered Bank Singapore branch, Sumitomo Mitsui Banking Corporation Singapore branch “SMBC”, The Bank of Tokyo-Mitsubishi UFJ Ltd Singapore branch and United Overseas Bank Ltd Singapore and Labuan branch, wherein DBS Bank Ltd acts as the facility agent. Based on the agreement, the Lenders agreed to grant bank loan facilities of US750 million, of which Adaro and Coaltrade obtained facilities of US550 million and US200 million, respectively. These facilities consist of a term loan facility of US650 million and a revolving loan facility of US100 million with interest rates at LIBOR plus a certain percentage. The term loan facility is payable quarterly with the first installment on 7 March 2008. The remaining payment schedule for the outstanding term loan is as follows: Year Adaro Coaltrade Total US US US 2010 36,536,000 13,464,000 50,000,000 2011 116,925,391 43,074,609 160,000,000 2012 175,389,686 64,610,314 240,000,000 328,851,077 121,148,923 450,000,000 The term loan facility has a maturity date on the fifth anniversary from the date of the loan agreement. The revolving loan facility of US100,000,000 should be repaid in full on the third anniversary of the date of the loan agreement, at which point Adaro and Coaltrade may request to extend the facility up to 7 December 2012. In September 2008, the Borrowers made an early repayment amounting to US100,000,000 for the term loan facility from the funds earned from the IPO. ATA, IBT, Biscayne, Arindo Holdings, Viscaya and the Borrowers collectively hereinafter referred to as the “Guarantors”, act as the guarantors of the syndicated loan. In accordance with the loan agreements, Adaro, IBT and Coaltrade the “Primary Operating Companies” are required to maintain certain financial ratios, with which the Primary Operating Companies was in compliance as at 31 December 2009. The Primary Operating Companies are also required to comply with certain terms and conditions on Article of Association, the nature of business, dividends, corporate actions, financing activities and others.