Authority of the Board of Directors

1 42 42 workers, which exceed the obligation as determined by the legislation, must obtain prior approval from the GMOS. 5 Appoint and dismiss the Company employee based on the Companys staffing rules and prevailing legislation. 6 Appoint and dismiss the Corporate Secretary. 7 Perform all other acts and deeds regarding the management or assets ownership of the Company, binding the Company with other parties andor other parties with the Company and represent the Company inside and outside the court on all matters and occurrences, with limitations as regulated in the legislation, the Articles of Association andor resolution of GMOS.

c. The Right of the Board of Directors.

Member of the Board of Directors shall have the right to earn salary and, for newly appointed member of the Board of Directors, obtain an introduction program about the Company. In addition, the Board of Directors for certain deeds on his own responsibility, is entitled to appoint a person or more as his deputy or proxy, by giving him or them authority for certain deeds as arranged in the Power of Attorney 111

5. Meeting of The Board of Directors

a. Meeting of the Board of Directors is a meeting held by the Board of Directors that has been scheduled regularly or not. The meeting is held as a mechanism to plan and monitor the implementation of the strategy and policy of the Company. b. Determination of the Meeting Agenda. 1 The meeting agenda is based on the work programme of the Board of Directors or other matters deemed necessary. 2 The meeting materials include the evaluation on the implementation of the decisions of the previous meeting results. c. Implementation of Meeting. 1 Meeting of the Board of Directors is considered legitimate if it is held at the Company domicile or in other places in the territory of the Republic of Indonesia. 112 111 Article of Association of PT SUCOFINDO PERSERO Article 11 Paragraph 25 112 Article of Association of PT SUCOFINDO PERSERO Article 12 Paragraph 5 1 C HA P T E R I IN T R O D U C T IO N C HA P T E R I I T H E PR IN C IPL ES O F G O O D C O R PO R A T E G O VER N A N C E C HA P T E R I I I T H E C O MP A N Y O R G A N S C HA P T E R I V T H E C O MP A N Y’ S PR IN C IP A L PO L IC Y C HA P T E R V I MA N A G EMEN T O F R EL A T IO N - SH IP W IT H ST A K EH O L D ER S C HA P T E R V I I IMPL EMEN T A T IO N O F G U ID EL IN ES C HA P T E R V I I I C L O SI N G C HA P T E R V MA N A G EMEN T O F SU B SI D IA R IES 43 43 2 The call of the Board of Directors meeting is performed in writing by the Board of Directors who is entitled to represent the Company, and delivered in a period of at least three 3 days before the meeting is held or in shorter period if in urgent circumstances, by not taking into account the call date and the meeting date. 113 3 The meetings invitation must contain the event, date, time and place of meetings. 114 4 Advance call of meetings is not required if all members of the Board of Directors are present in the meeting. 115 5 All meetings of the Board of Directors is chaired by the President Director. 116 6 In event that the President Director is not present or not available, then the meeting of the Board of Directors is chaired by a Director who is appointed in writing by the President Director. 117 7 In the event of the President Director does not appoint any Director, then one of the longest-serving members of the Board of Directors leads the meeting. 118 If there are more than 1 one Directors with the longest-serving, then a member of the Board of Directors who is the oldest in age acts as the chairman of the Board of Directors meeting. 119 8 Meeting of the Board of Directors must be held periodically, at least once in every month, and in the meeting, the Board of Directors may invite the Board of Commissioners. 120 9 The Board of Directors may hold meetings at any time and when 121 a Deemed necessary by one or more members of the Board of Directors; b Upon a written request of one or more members of the Board of Commissioners; as long as it is in accordance with the decision of the Board of Commissioners; or 113 Article of Association of PT SUCOFINDO PERSERO Article 12 Paragraph 6 114 Article of Association of PT SUCOFINDO PERSERO Article 12 Paragraph 7 115 Article of Association of PT SUCOFINDO PERSERO Article 12 Paragraph 8 116 Article of Association of PT SUCOFINDO PERSERO Article 12 Paragraph 11 117 Article of Association of PT SUCOFINDO PERSERO Article 12 Paragraph 12 118 Article of Association of PT SUCOFINDO PERSERO Article 12 Paragraph 13 119 Article of Association of PT SUCOFINDO PERSERO Article 12 Paragraph 14 120 Regulation of the Minister of SOE No. PER-09MBU2012 Article 24 Paragraph 1 121 Article of Association of PT SUCOFINDO PERSERO Article 12 Paragraph 4