Coal Swap Transactions PT. Bayan Resources Tbk - Prospectus

Schedule 559 PT BAYAN RESOURCES AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 MARCH 2008 AND 2007 AND 31 DECEMBER 2007, 2006 AND 2005 Expressed in million Indonesian Rupiah, unless otherwise stated

19. SHARE CAPITAL

The Company’s shareholders as at 31 March 2008 and 2007 and 31 December 2007, 2006 and 2005 are as follows: 31 March 2008 Issued and fully paid capital Shareholders Number of shares Value Low Tuck Kwong . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,250,000,000 225,000 75 Jenny Quantero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 450,000,000 45,000 15 Engki Wibowo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300,000,000 30,000 10 3,000,000,000 300,000 100 31 December 2007 Issued and fully paid capital Shareholders Number of shares Value Low Tuck Kwong . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 225,000 225,000 75 Jenny Quantero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45,000 45,000 15 Engki Wibowo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000 30,000 10 300,000 300,000 100 31 March 2007 Unaudited, 31 December 2006 and 2005 restated Issued and fully paid capital Shareholders Number of shares Value Low Tuck Kwong . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,500 7,500 75 Jenny Quantero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000 1,000 10 Engki Wibowo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000 1,000 10 PT Ima Global Link . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500 500 5 10,000 10,000 100 As at 31 March 2008, the Company’s authorised capital is 12,000,000,000 shares 31 March 2007: 10,000—unaudited, 31 December 2007: 500,000, 2006 and 2005: 10,000 shares. As at 31 March 2008, 5 and 8 of the Company’s share capital owned by Low Tuck Kwong was pledged as collateral for the loan due to Merrill refer to Note 14 and Vitol Asia Pte. Ltd., respectively refer to Note 17. Based on a Circular Resolution of Shareholders dated 27 November 2007 which was legalised through Notarial Deed No. 57 of Yani Indrawaty Wibawa S.H., notary in Jakarta, dated 27 November 2007, the shareholders of the Company decided to approve the transfer of 500 shares owned by PT Ima Global Link to Jenny Quantero. Based on the Company’s Circular Resolution of Shareholders dated 6 December 2007, which was legalised through Notarial Deed No. 22 of Yani Indrawaty Wibawa, S.H., notary in Jakarta, dated 6 December 2007, the Company’s shareholders decided to increase authorised capital from Rp 10,000 to Rp 500,000 and issued and fully paid capital from Rp 10,000 to Rp 300,000. Based on an Extraordinary General Meeting of Shareholders on 18 March 2008, which was legalised by Notarial Deed No. 87 dated 18 March 2008 of Sutjipto S.H., notary in Jakarta, the shareholders decided to F-76