Public Offering of Shares and Bonds Issuance of the Company

PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30,2008 AND 2007 AND FOR THE NINE MONTHS PERIOD THEN ENDED Continued - 2 -

b. Public Offering of Shares and Bonds Issuance of the Company

On December 31, 1999, the Company obtained the Notice of Effectivity from the Chairman of the Capital Market Supervisory Agency Bapepam currently the Capital Market and Financial Institutions Supervisory Agency Bapepam-LK in his letter No. S-2735PM1999 for the Company‟s initial public offering of 140.385.000 shares with par value of Rp. 500 per share. In 2004,the Company obtained the Notice of Effectivity from Bapepam now Bapepam – LK through letter No. S- 1764PM2004 dated June 14,2006 for the Company‟s Public Offering of “Tunas Baru Lampung Bonds I Year 2004” with total amount of Rp. 300.000.000 thousand. On June 25, 2005, the Company‟s bonds were listed at the Surabaya Stock Exchange. Through letter No. 033BPCSY2006 dated June 1, 2006, the Company filed for the Notice of Listing to the Capital Market and Financial Institutions Supervisory Agency Bapepam-LK in relation with its plan to conduct Limited Public Offering I to Stockholders or Rights Issue, for 3.230.774.400 shares with a par value of Rp. 125 per share, with Series I Warrants attached and subscription price of Rp 125 per share. Every holder 3 shares has the right to purchase 6 new shares, wherein for every 6 new shares, one Series I Warants is attached, free of charge. The total Series I Warants of 538.462.400 were issued as incentives to stockholders to purchase one new share at a par value of Rp 125 per share, with exercise price of Rp 125 per share, which can be exercised from January 15, 2007 until July 10, 2011. The Right Issue I was approved by the Stockholders in their Extraordinary Stockholders‟ Meeting held on June 29, 2006, which resolutions were documented in Notarial Deed No. 27 of Mrs. Kartuti Suntana Sastraprawira S.H., notary public in Jakarta. The Company received the Notice of Effectivity from Bapepam-LK through its Decision Letter No. S-790BL2006 dated June 28, 2006 for the Rights Issue I. The total proceeds the Rights Issue I amounted to Rp 313.602.356 thousand for 2.508.818.846 shares and it has been received by the Company in July 2006. As of September 30, 2008 , all of the Company‟s shares totaling 4.170.063.493 shares, with a par value of Rp 125 per share, were listed in the Indonesia Stock Exchange. PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30,2008 AND 2007 AND FOR THE NINE MONTHS PERIOD THEN ENDED Continued - 3 -

c. Consolidated Subsidiaries