Profile of Delisted Companies in Indonesia with Listing Regulations in English by the1uploader

Sando Sasako

A Study and Profile of Bankrupted & Delisted Companies in Indonesia

Serabdi Sakti Jakarta, February 2018

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Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Contents Contents ................................................................................................................................................ i List of Tables ...................................................................................................................................... iv Listing regulations in Indonesian Stock Exchange (IDX) ................................................................... 1 The ISIN code and ticker of companies listed on the Indonesian Exchange (IDX) ........................ 3 The ISIN and ticker of companiesâ&#x20AC;&#x2122; stocks ACTIVELY TRADED on the IDX, Feb. 2018 .......... 15 The ISIN and ticker of companies whose stocks are NO TRADED on the IDX, Feb. 2018 ........ 25

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Shares listing and its liquidity ............................................................................................................ 35 Initial Public Offerings in Indonesia, 1977-2017 ........................................................................... 37 The peer companies ....................................................................................................................... 47 Akbar Indo Makmur Stimec Tbk, PT (AIMS)........................................................................... 48 Bhuwanatala Indah Permai Tbk, PT (BIPP) .............................................................................. 50 Central Omega Resources Tbk, PT (DKFT) .............................................................................. 52 Cowell Development Tbk, PT (COWL) .................................................................................... 54 Lippo Cikarang Tbk, PT (LPCK) .............................................................................................. 57 Sumber Alfaria Trijaya Tbk, PT (AMRT) ................................................................................. 59 Suparma Tbk, PT (SPMA) ......................................................................................................... 61 Tiga Pilar Sejahtera Food Tbk, PT (AISA) ............................................................................... 63 Tunas Ridean Tbk, PT (TURI) .................................................................................................. 65 Ultrajaya Milk Industry & Trading Company Tbk, PT (ULTJ) ................................................ 67

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The Delisting Story in July 1998 ....................................................................................................... 69 The companies delisted from the Jakarta Stock Exchange (JSX), 1996-2007 .............................. 75 The companies delisted from Surabaya Stock Exchange (SSX), Dec. 1996 - 8 Sept. 2006 ......... 77 The companies delisted from the Indonesian Stock Exchange (IDX), 2009-2017 ........................ 79 Adindo Foresta Indonesia Tbk, PT (ADFO) .............................................................................. 81 Alfa Retailindo Tbk, PT (ALFA) ............................................................................................... 83 Alter Abadi Tbk, PT (ALDI) ..................................................................................................... 85 Anta Express Tour and Travel Service Tbk, PT (ANTA) ......................................................... 87 Aqua Golden Mississippi Tbk, PT (AQUA) .............................................................................. 89 Asia Natural Resources Tbk, PT (ASIA) ................................................................................... 91 Aster Dharma Industri Tbk, PT (ASTR) (2005-05-27, no.FR) ................................................. 93 Bank Danpac Tbk, PT (BDPC) (no.FR) .................................................................................... 95 Bank Ekonomi Raharja Tbk, PT (BAEK) ................................................................................. 97 Bank Global Internasional Tbk, PT (BGIN) .............................................................................. 99 Bank Indonesia Raya Tbk, PT (BIRA) (no.FR)....................................................................... 101 Berau Coal Energy Tbk, PT (BRAU) ...................................................................................... 102 Bintuni Minaraya Tbk, PT (BMRA) (20001009.j, 20060413.s, no.FR) ................................. 104 Bukaka Teknik Utama Tbk, PT (BUKK) ................................................................................ 106 Ciputra Property Tbk, PT (CTRP) ........................................................................................... 108 Ciputra Surya Tbk, PT (CTRS)................................................................................................ 110 Citra Maharlika Nusantara Corpora Tbk, PT (CPGT) ............................................................. 113 Courts Indonesia Tbk, PT (MACO) ......................................................................................... 116 Davomas Abadi Tbk, PT (DAVO) .......................................................................................... 117 Daya Sakti Unggul Corporation Tbk, PT (DUSC) .................................................................. 119 Dayaindo Resources International Tbk, PT (KARK) .............................................................. 122 Dynaplast Tbk, PT (DYNA) .................................................................................................... 124 Eka Dharma Jaya Sakti, PT (EDJSB) (no.FR) ........................................................................ 126 Great River International Tbk, PT (GRIV) .............................................................................. 128 Indo Komoditi Korpora Tbk, PT (INCF) ................................................................................. 131 i

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Indo Setu Bara Resources Tbk, PT (CPDW) ........................................................................... 135 Indosiar Karya Media Tbk, PT (IDKM) .................................................................................. 138 Infoasia Teknologi Global Tbk, PT (IATG) ............................................................................ 140 Inovisi Infracom Tbk, PT (INVS) ............................................................................................ 142 Jaka Inti Realtindo Tbk, PT (JAKA) ....................................................................................... 144 Jasa Angkasa Semesta Tbk, PT (JASS) ................................................................................... 146 Kasogi Internasional Tbk, PT (GDWU) .................................................................................. 148 Katarina Utama Tbk, PT (RINA) ............................................................................................. 150 Lamicitra Nusantara Tbk, PT (LAMI) ..................................................................................... 152 Makindo Tbk, PT (MKDO) (2007-04-02, no.FR) ................................................................... 154 Manly Unitama Finance Tbk, PT (MANY) ............................................................................. 156 Mitra Energi Persada Tbk, PT (KOPI) .................................................................................... 158 Modern Bank Tbk, PT (MDBN) (no.FR) ................................................................................ 160 Multibreeder Adirama Indonesia Tbk, PT (MBAI) ................................................................. 161 New Century Development Tbk, PT (PTRA).......................................................................... 163 Panasia Filament Inti Tbk, PT (PAFI) ..................................................................................... 166 Panca Wiratama Sakti Tbk, PT (PWSI) ................................................................................... 168 Permata Prima Sakti Tbk, PT (TKGA) .................................................................................... 170 Ryane Adibusana Tbk, PT (RYAN) ........................................................................................ 173 Sara Lee Body Care Indonesia Tbk, PT (PROD) .................................................................... 175 Sekar Bumi Tbk, PT (SKBM) ................................................................................................. 176 Singer Indonesia Tbk, PT (SING) ........................................................................................... 178 Sorini Agro Asia Corporindo Tbk, PT (SOBI) ........................................................................ 179 Super Mitory Utama Tbk, PT (SUMI) (2000-10-09; 2006-12-26, no.FR) .............................. 182 Surabaya Agung Industry Pulp Tbk, PT (SAIP) ...................................................................... 184 Suryainti Permata Tbk, PT (SIIP) ............................................................................................ 186 Texmaco Jaya Tbk, PT (TEJA) ............................................................................................... 188 Texmaco Perkasa Engineering Tbk, PT (TPEN) ..................................................................... 191 Tunas Alfin Tbk, PT (TALF) ................................................................................................... 193 Unitex Tbk, PT (UNTX) .......................................................................................................... 195 Wahana Jaya Perkasa Tbk, PT (UGAR) .................................................................................. 197

Listing regulations in Indonesian Stock Exchange (IDX) in Bahasa Indonesia .............................. 199 I-A Kep-00001/BEI/01-2014

I.A SK-017/LGL/BES/XI/2004 I-A.1 Kep-00100/BEI/10-2014

I.A.1 SK- 018/LGL/BES/XI/2004 I.A.2 SK-019/LGL/BES/XI/2004 I.A.3 SK-020/LGL/BES/XI/2004 I.A.4 Kep-019/LGL/BES/IX/2002 I.A.5 SK-021/LGL/BES/XI/2004 I.A.6 SK-022/LGL/BES/XI/2004 I.A.7 SK-023/LGL/BES/XI/2004 I-C Kep-310/BEJ/12-2006 I-D Kep-00389/BEI/06-2009 I-E Kep-306/BEJ/07-2004 I.F.1 SK-024/LGL/BES/XI/2004 I.F.2 SK-005/LGL/BES/VII/2006 I.F.3 SK-010/DIR/BES/V/2007 I-G Kep-001/BEJ/01-2000 I.G SK-006/LGL/BES/VII/2006 I-H Kep-307/BEJ/07-2004 I-I Kep-308/BEJ/07-2004 I-O Kep-00418/BEI/12-2012 I-R Kep-00113/BEI/11-2015 I-S Kep-00095/BEI/11-2016

Perubahan Peraturan Nomor I-A tentang Pencatatan Saham dan Efek Bersifat Ekuitas Selain Saham yang Diterbitkan oleh Perusahaan Tercatat Ketentuan Umum Pencatatan Efek (Untuk Emiten Obligasi & Sukuk) Pencatatan Saham dan Efek Bersifat Ekuitas Selain Saham yang Diterbitkan oleh Perusahaan di Bidang Pertambangan Mineral dan Batubara Perjanjian Pendahuluan Pencatatan Efek (Untuk Emiten Obligasi & Sukuk) Pencatatan Awal Efek (Untuk Emiten Obligasi & Sukuk) Kewajiban Pelaporan Emiten (Untuk Emiten Obligasi & Sukuk) Dengar Pendapat (Hearing) (Untuk Emiten Obligasi & Sukuk) Biaya Pencatatan Efek (Untuk Emiten Obligasi & Sukuk) Sanksi (Untuk Emiten Obligasi & Sukuk) Pembatalan Pencatatan Efek (Untuk Emiten Obligasi & Sukuk) Pencatatan Unit Penyertaan Reksa Dana Berbentuk Kontrak Investasi Kolektif di Bursa Persyaratan dan Prosedur Pencatatan Sertifikat Penitipan Efek Indonesia (SPEI) Kewajiban Penyampaian Informasi Pencatatan Efek Bersifat Utang Pencatatan Surat Utang Negara (SUN) Pencatatan Obligasi Daerah Penggabungan Usaha Atau Peleburan Usaha Pencatatan Efek Beragun Aset (EBA) Sanksi Penghapusan Pencatatan (Delisting) dan Pencatatan Kembali (Relisting) Saham Di Bursa Pencatatan Dana Investasi Real Estat berbentuk Kontrak Berbentuk Kolektif di Bursa Pencatatan Efek Beragun Aset Berbentuk Surat Partisipasi Dalam Rangka Pembiayaan Sekunder Perumahan Perihal Peraturan I-S tentang Pencatatan Efek Beragun Aset Syariah Berbentuk Surat Partisipasi

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Listing regulations in Indonesian Stock Exchange (IDX) in English

I.A.1 SK- 018/LGL/BES/XI/2004 I.A.2 SK-019/LGL/BES/XI/2004 I.A.3 SK-020/LGL/BES/XI/2004 I.A.4 Kep-019/LGL/BES/IX/2002 I.A.5 SK-021/LGL/BES/XI/2004 I.A.6 SK-022/LGL/BES/XI/2004 I.A.7 SK-023/LGL/BES/XI/2004 I-C Kep-310/BEJ/12-2006 I-D Kep-00389/BEI/06-2009 I-E Kep-306/BEJ/07-2004 I.F.1 SK-024/LGL/BES/XI/2004 I.F.2 SK-005/LGL/BES/VII/2006 I.F.3 SK-010/DIR/BES/V/2007 I-H Kep-307/BEJ/07-2004 I-I Kep-308/BEJ/07-2004 I-O Kep-00418/BEI/12-2012 I-R Kep-00113/BEI/11-2015

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I-S Kep-00095/BEI/11-2016

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I-A.1 Kep-00100/BEI/10-2014

General Provisions of Securities Listing (For Bonds & Sukuk Issuer) Amendment to the Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by the Listed Company Concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by The Company in The Field of Mineral and Coal Mining Securities Listing Preliminary Agreement (For Bonds & Sukuk Issuer) Initial Securities Listing (For Bonds & Sukuk Issuer) Issuers Reporting Obligation (For Bonds & Sukuk Issuer) Hearing (For Bonds & Sukuk Issuer) Security Listing Fees (For Bonds & Sukuk Issuer) Sanctions (For Bonds & Sukuk Issuer) Delisting (For Bonds & Sukuk Issuer) Concerning Listing of Investment Fund Participations Units in The Form of Collective Investment Contract at The Exchange Listing of Indonesian Depository Receipts (IDR) at the Exchange Obligation of Information Submission Debt Securities Listing Government Securities Listing Municipal Bonds Listing Sanction Delisting and Relisting Concerning Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange Listing Of Asset-Backed Securities In The Form Of Participatory Notes For Secondary Financing For Housing Listing of Sharia Asset-Backed Securities in the Form of Participation Certificates

I.A SK-017/LGL/BES/XI/2004 I.A. Kep-00001/BEI/01-2014

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List of Tables

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Table 1 – Listing regulations in Indonesian Stock Exchange (IDX) ................................................... 1 Table 2 – The ISIN code and ticker of companies listed on the Indonesian Exchange (IDX) ............ 3 Table 3 – The ISIN and ticker of companies’ stocks ACTIVELY TRADED on the IDX, Feb. 2018 ................................................................................................................................. 15 Table 4 – The ISIN and ticker of companies whose stocks are NO TRADED on the IDX, Feb. 2018 ................................................................................................................................. 25 Table 5 – IPO schedules in Jakarta Stock Exchanges (JSX), Surabaya Stock Exchange (SSX), and Indonesia Stock Exchange (IDX), by date, ticker, company names, proceeds, shares offered and priced, 1997-2017 ............................................................................. 37 Table 6 – Available financial reports of AIMS, Dec. 2003 – Sept. 2017 .......................................... 49 Table 7 – Available financial reports of BIPP, Dec. 2007 – June 2011 ............................................ 51 Table 8 – Available financial reports of DKFT, Dec. 2008 – Sept. 2017.......................................... 53 Table 9 – Available financial reports of COWL, Dec. 2007 – Dec. 2016 ......................................... 55 Table 10 – Available financial reports of LPCK, Dec. 2004 – June 2017......................................... 58 Table 11 – Available financial reports of AMRT, Dec. 2008 – June 2017 ....................................... 60 Table 12 – Available financial reports of SPMA, Dec. 1999 – Sept. 2017 ....................................... 62 Table 13 – Available financial reports of AISA, Dec. 2004 – Sept. 2017 ......................................... 64 Table 14 – Available financial reports of TURI, Dec. 2004 – Sept. 2017 ......................................... 66 Table 15 – Available financial reports of ULTJ, Dec. 2000 – Sept. 2017 ......................................... 68 Table 16 – Delisted issuers in JSX and SSX, 1993 – 1998 ............................................................... 69 Table 17 – Delisted issuers in SSX, 1997 .......................................................................................... 70 Table 18 – The companies delisted from the Jakarta Stock Exchange (JSX), 1996-2007 ................ 75 Table 19 – The companies delisted from Surabaya Stock Exchange (SSX), Dec. 1996 - 8 Sept. 2006 ................................................................................................................................. 77 Table 20 – The companies delisted from the Indonesian Exchange (IDX), 2009-2017 .................... 79 Table 21 – Available financial reports of ADFO, Dec. 2011 – Dec. 2016 ........................................ 82 Table 22 – Available financial reports of ALFA, Dec. 2007 – June 2011 ........................................ 84 Table 23 – Available financial reports of ALDI, Dec. 1996 – June 2004 ......................................... 86 Table 24 – Available financial reports of ANTA, March 2010 – June 2011 ..................................... 88 Table 25 – Available financial reports of AQUA, Dec. 2002 – Sept. 2010 ...................................... 90 Table 26 – Available financial reports of ASIA, Dec. 2004 – June 2014 ......................................... 92 Table 27 – The ISIN of stocks issued by ASTR ................................................................................ 94 Table 28 – The ISIN of stocks issued by BDPC ................................................................................ 96 Table 29 – Available financial reports of BAEK, Dec. 2007 – June 2015 ........................................ 98 Table 30 – Available financial reports of BGIN, Dec. 1997 – Sept.2004 ....................................... 100 Table 31 – The ISIN of stocks issued by BIRA ............................................................................... 101 Table 32 – Available financial reports of BRAU, Sept. 2010 – Dec. 2014 ..................................... 103 Table 33 – The ISIN of stocks issued by BMRA ............................................................................ 105 Table 34 – Available financial reports of BUKK, Dec. 2000 – Sept. 2017 ..................................... 107 Table 35 – Available financial reports of CTRP, Dec. 2007 – June 2017 ....................................... 109 Table 36 – Available financial reports of CTRS, Dec. 2003 – Sept. 2016 ...................................... 111 Table 37 – Available financial reports of CPGT, June 2013 – Sept. 2016 ...................................... 115 Table 38 – Available financial reports of MACO, Dec. 2008 ......................................................... 116 Table 39 – Available financial reports of DAVO, Dec. 1999 – Dec. 2013 ..................................... 118 Table 40 – Available financial reports of DSUC, Dec. 1996 – Dec. 2008 ...................................... 120 Table 41 – Available financial reports of KARK, Dec. 2004 – Dec. 2011 ..................................... 123 Table 42 – Available financial reports of DYNA, Dec. 2007 – Dec. 2010 ..................................... 125 Table 43 – The ISIN of stocks issued by EDJS ............................................................................... 127 Table 44 – Available financial reports of GRIV, Sept. 1989 – Sept. 2004...................................... 129 Table 45 – Available financial reports of INCF, June 2004 – Sept. 2017 ....................................... 134 iv

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table 46 – Available financial reports of CPDW, June 2005 – Sept. 2013..................................... 137 Table 47 – Available financial reports of IDKM, Dec. 2004 – March 2013 ................................... 139 Table 48 – Available financial reports of IATG, Dec. 2002 – Sept. 2008 ...................................... 141 Table 49 – Available financial reports of INVS, Dec. 2009 – June 2014 ....................................... 143 Table 50 – Available financial reports of JAKA, June 2000 – Sept. 2008 ...................................... 145 Table 51 – Available financial reports of JASS, Dec. 2007 – Dec. 2009 ........................................ 147 Table 52 – Available financial reports of GDWU, July 1993 – Sept. 2004 .................................... 149 Table 53 – Available financial reports of RINA, Dec. 2009 – June 2012 ....................................... 151 Table 54 – Available financial reports of LAMI, Dec. 2004 – Sept. 2017 ...................................... 153 Table 55 – The ISIN of stocks issued by MKDO ............................................................................ 155 Table 56 – Available financial reports of MANY, Sept. 2000 – June 2003 .................................... 157 Table 57 – Available financial reports of KOPI, Dec. 2001 – Sept. 2017 ....................................... 159 Table 58 – The ISIN of stocks issued by MDBN ............................................................................ 160 Table 59 – Available financial reports of MBAI, Dec. 2007 – Marcfh 2012 .................................. 162 Table 60 – Available financial reports of PTRA, March 2008 – June 2017.................................... 164 Table 61 – Available financial reports of PAFI, Dec. 2001 – Sept. 2012 ....................................... 167 Table 62 – Available financial reports of PWSI, Dec. 2014 – Sept. 2012 ...................................... 169 Table 63 – Available financial reports of TKGA, Dec. 2004 – Sept. 2014 ..................................... 172 Table 64 – Available financial reports of RYAN, June 2001 – Sept. 2005 ..................................... 174 Table 65 – Available financial reports of PROD, Dec. 2008 .......................................................... 175 Table 66 – Available financial reports of SKBM, June 2008 – Sept. 2017 ..................................... 177 Table 67 – Available financial reports of SOBI, Dec. 1999 – Nov. 2016 ....................................... 180 Table 68 – The ISIN of stocks issued by SUMI .............................................................................. 183 Table 69 – Available financial reports of SAIP, Dec. 1999 – March 2013 ..................................... 185 Table 70 – Available financial reports of SIIP, March 2010 – Dec. 2016....................................... 187 Table 71 – Available financial reports of TEJA, Dec. 1991 – June 2008 ....................................... 189 Table 72 – Available financial reports of TPEN, Dec. 1992 – Sept. 2003 ...................................... 192 Table 73 – Available financial reports of TALF, Dec. 2007 – Sept. 2017 ...................................... 194 Table 74 – Available financial reports of UNTX, March 2010 – Sept. 2015 .................................. 196 Table 75 – Available financial reports of UGAR, April 1994 – June 2003 .................................... 198

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Listing regulations in Indonesian Stock Exchange (IDX) Table 1 â&#x20AC;&#x201C; Listing regulations in Indonesian Stock Exchange (IDX)

I.A.1 SK- 018/LGL/BES/XI/2004 I.A.2 SK-019/LGL/BES/XI/2004 I.A.3 SK-020/LGL/BES/XI/2004 I.A.4 Kep-019/LGL/BES/IX/2002 I.A.5 SK-021/LGL/BES/XI/2004

I-D Kep-00389/BEI/06-2009

Pencatatan Efek Beragun Aset Berbentuk Surat Partisipasi Dalam Rangka Pembiayaan Sekunder Perumahan Perihal Peraturan I-S tentang Pencatatan Efek Beragun Aset Syariah Berbentuk Surat Partisipasi

I-R Kep-00113/BEI/11-2015

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I-E Kep-306/BEJ/07-2004 I.F.1 SK-024/LGL/BES/XI/2004 I.F.2 SK-005/LGL/BES/VII/2006 I.F.3 SK-010/DIR/BES/V/2007 I-G Kep-001/BEJ/01-2000 I.G SK-006/LGL/BES/VII/2006 I-H Kep-307/BEJ/07-2004 I-I Kep-308/BEJ/07-2004

Persyaratan dan Prosedur Pencatatan Sertifikat Penitipan Efek Indonesia (SPEI) Kewajiban Penyampaian Informasi Pencatatan Efek Bersifat Utang Pencatatan Surat Utang Negara (SUN) Pencatatan Obligasi Daerah Penggabungan Usaha Atau Peleburan Usaha Pencatatan Efek Beragun Aset (EBA) Sanksi Penghapusan Pencatatan (Delisting) dan Pencatatan Kembali (Relisting) Saham Di Bursa Pencatatan Dana Investasi Real Estat berbentuk Kontrak Berbentuk Kolektif di Bursa

I-C Kep-310/BEJ/12-2006

I-O Kep-00418/BEI/12-2012

Security Listing Fees (For Bonds & Sukuk Issuer) Sanctions (For Bonds & Sukuk Issuer) Delisting (For Bonds & Sukuk Issuer)

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I.A.6 SK-022/LGL/BES/XI/2004 I.A.7 SK-023/LGL/BES/XI/2004

Pencatatan Saham dan Efek Bersifat Ekuitas Selain Saham yang Diterbitkan oleh Perusahaan di Bidang Pertambangan Mineral dan Batubara Perjanjian Pendahuluan Pencatatan Efek (Untuk Emiten Obligasi & Sukuk) Pencatatan Awal Efek (Untuk Emiten Obligasi & Sukuk) Kewajiban Pelaporan Emiten (Untuk Emiten Obligasi & Sukuk) Dengar Pendapat (Hearing) (Untuk Emiten Obligasi & Sukuk) Biaya Pencatatan Efek (Untuk Emiten Obligasi & Sukuk) Sanksi (Untuk Emiten Obligasi & Sukuk) Pembatalan Pencatatan Efek (Untuk Emiten Obligasi & Sukuk) Pencatatan Unit Penyertaan Reksa Dana Berbentuk Kontrak Investasi Kolektif di Bursa

I-A.1 Kep-00100/BEI/10-2014

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Table â&#x20AC;&#x201C; Listing regulations in Indonesian Stock Exchange (IDX) I-A Kep-00001/BEI/01-2014 Perubahan Peraturan Nomor I-A tentang Pencatatan Saham dan Efek Bersifat Ekuitas Selain Saham yang Diterbitkan oleh Perusahaan Tercatat I.A SK-017/LGL/BES/XI/2004 Ketentuan Umum Pencatatan Efek (Untuk Emiten Obligasi & Sukuk) I.A. Kep-00001/BEI/01-2014

Sanction Delisting and Relisting Concerning Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange Listing Of Asset-Backed Securities In The Form Of Participatory Notes For Secondary Financing For Housing Listing of Sharia Asset-Backed Securities in the Form of Participation Certificates

I-S Kep-00095/BEI/11-2016

Concerning Listing of Investment Fund Participations Units in The Form of Collective Investment Contract at The Exchange Listing of Indonesian Depository Receipts (IDR) at the Exchange Obligation of Information Submission Debt Securities Listing Government Securities Listing Municipal Bonds Listing

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

The ISIN code and ticker of companies listed on the Indonesian Exchange (IDX) Table 2 – The ISIN code and ticker of companies listed on the Indonesian Exchange (IDX)

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Table – The ISIN code and ticker of companies listed on the Indonesian Exchange (IDX) ISIN Ticker Status Name Issuer ID1000121502 ABMM ABM Investama Tbk ✔ ID1000125503 ACES Ace Hardware Indonesia Tbk ✔ ID1000127509 ACST Acset Indonusa Tbk ✔ ID1000111305 ADRO Adaro Energy Tbk ✔ ID1000097207 ADHI Adhi Karya (Persero) Tbk ✔ ID1000125800 ASSA Adi Sarana Armada Tbk ✔ ID1000057805 ADFO Adindo Foresta Indonesia Tbk ✔ ID1000097504 ADMF Adira Dinamika Multi Finance Tbk ✔ ID1000117104 APLN Agung Podomoro Land Tbk ✔ ID1000067606 ADES Akasha Wira International Tbk Ades Waters Indonesia Tbk, ✔ Ades Alfindo Putrasetia Tbk ID1000071202 AIMS Akbar Indo Makmur Stimec Tbk ✔ ID1000106701 AKRA AKR Corporindo Tbk ✔ ID1000076904 ALKA Alakasa Industrindo Alumindo Perkasa Utama ✔ ID1000108400 ASRI Alam Sutra Realty Tbk ✔ ID1000139009 FIRE Alfa Energi Investama Tbk ✔ ID1000120207 ALDO Alkindo Naratama Tbk ✔ ID1000087406 ALDI Alter Abadi Tbk ✘ ID1000130909 ALMI Alumindo Light Metal Industry Tbk ✔ ID1000134505 ATIC Anabatic Technologies Tbk ✔ ID1000103302 OKAS Ancora Indonesia Resources Tbk TD Resources Tbk ✔ ID1000137805 AGII Aneka Gas Industri Tbk ✔ ID1000106602 ANTM Aneka Tambang Tbk ✔ ID1000099609 AKKU Anugerah Kagum Karya Utama Tbk Alam Karya Aunggul Tbk ✔ ID1000091309 APEX Apexindo Pratama Duta Tbk ✔ ID1000084205 AKPI Argha Karya Prima Industry Tbk ✔ ID1000083702 ARGO Argo Pantes Tbk ✔ ID1000129406 APII Arita Prima Indonesia Tbk ✔ ID1000139603 ARMY Armidian Karyatama Tbk ✔ ID1000105208 APOL Arpeni Pratama Ocean line Tbk ✔ ID1000093305 ARTA Arthavest Tbk Artha Securities Tbk ✔ ID1000128309 ARNA Arwana Citra Mulia Tbk ✔ ID1000084601 AMFG Asahimas Flat Glass Tbk ✔ ID1000064702 ASIA Asia Natural Resources Tbk Asia Grain International Tbk, ✘ Asiana Multikreasi Tbk ID1000110208 POLY Asia Pacific Fibers Tbk ✔ ID1000074701 MYTX Asia Pacific Investama Tbk Apac Citra Centertex Tbk ✔ ID1000059405 APLI Asiaplast Industries Tbk ✔ ID1000084007 ASTR Aster Dharma Industri Tbk ✘ ID1000066004 AALI Astra Agro Lestari Tbk ✔ ID1000066103 ASGR Astra Graphia Tbk ✔ ID1000122807 ASII Astra International Tbk ✔ ID1000119704 AUTO Astra Otoparts Tbk ✔ ID1000073406 ABDA Asuransi Bina Dana Artha Tbk ABDA Dharmala Insurance ✔ ID1000058506 ASBI Asuransi Bintang Tbk ✔ ID1000090905 ASDM Asuransi Dayin Mitra Tbk ✔ ID1000095805 AHAP Asuransi Harta Aman Pratama Tbk ✔ ID1000135205 ASJT Asuransi Jasa Tania Tbk ✔ ID1000141609 JMAS Asuransi Jiwa Syariah Jasa Mitra Abadi Tbk ✔

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Table – The ISIN code and ticker of companies listed on the Indonesian Exchange (IDX) ISIN Ticker Status Name Issuer ID1000130602 ASMI Asuransi Kresna Mitra Tbk Asuransi Mitra Maparya Tbk ✔ ID1000102908 AMAG Asuransi Multi Artha Guna Tbk ✔ ID1000079700 ASRM Asuransi Ramayana Tbk ✔ ID1000136302 AMIN Ateliers Mecaniques D`Indonesie Tbk ✔ ID1000121205 ARII Atlas Resources Tbk ✔ ID1000270002 ANJT Austindo Nusantara Jaya Tbk ✔ ID1000140205 NASA Ayana Land International Tbk ✔ ID1000059504 BASS Bahtera Adimina Samudra Tbk ✔ ID1000110000 BNBR Bakrie & Brothers Tbk ✔ ID1000099708 UNSP Bakrie Sumatera Plantations Tbk ✔ ID1000103005 BTEL Bakrie Telecom Tbk ✔ ID1000088701 ELTY Bakrieland Development Tbk ✔ ID1000135106 BALI Bali Towerindo Sentra Tbk ✔ ID1000133309 AGRS Bank Agris Tbk ✔ ID1000105505 INPC Bank Artha Graha Internasional Tbk ✔ ID1000136708 ARTO Bank Artos Indonesia Tbk ✔ ID1000103609 BBKP Bank Bukopin Tbk ✔ ID1000103401 BNBA Bank Bumi Arta Tbk ✔ ID1000107402 BACA Bank Capital Indonesia Tbk ✔ ID1000109507 BBCA Bank Central Asia Tbk ✔ ID1000106305 MCOR Bank China Construction Bank Indonesia Tbk Bank Windu Kentjana ✔ International Tbk ID1000098007 BNGA Bank CIMB Niaga Tbk Bank Niaga Tbk ✔ ID1000094204 BDMN Bank Danamon Indonesia Tbk ✔ ID1000132301 DNAR Bank Dinar Indonesia Tbk ✔ ID1000137003 BGTG Bank Ganesha Tbk ✔ ID1000081003 BGIN Bank Global Internasional Tbk ✘ ID1000135304 BBHI Bank Harda Internasional Tbk ✔ ID1000130404 BINA Bank Ina Perdana Tbk ✔ ID1000115702 BJBR Bank Jabar Banten Tbk ✔ ID1000100407 BCIC Bank JTrust Indonesia Tbk Bank Mutiara Tbk, Bank ✔ Century Tbk ID1000095003 BMRI Bank Mandiri (Persero) Tbk ✔ ID1000128200 BMAS Bank Maspion Indonesia Tbk ✔ ID1000055205 MAYA Bank Mayapada Internasional Tbk ✔ ID1000099302 BNII Bank Maybank Indonesia Tbk Bank Int’l Indonesia Tbk ✔ ID1000052400 MEGA Bank Mega Tbk ✔ ID1000128507 BBMD Bank Mestika Dharma Tbk ✔ ID1000128606 NAGA Bank Mitraniaga Tbk ✔ ID1000091507 BABP Bank MNC Internasional Tbk Bank ICB Bumiputera Tbk ✔ ID1000127103 NOBU Bank Nationalnobu Tbk ✔ ID1000096605 BBNI Bank Negara Indonesia (Persero) Tbk ✔ ID1000063308 BBNP Bank Nusantara Parahyangan Tbk ✔ ID1000094402 NISP Bank OCBC NISP Tbk ✔ ID1000089709 BSWD Bank of India Indonesia Tbk Bank Swadesi Tbk ✔ ID1000130701 PNBS Bank Panin Dubai Syariah Tbk Bank Panin Syariah Tbk ✔ ID1000092703 PNBN Bank Panin Tbk ✔ ID1000070600 BEKS Bank Pembangunan Daerah Banten Tbk Bank Pundi Indonesia Tbk ✔ ID1000123904 BJTM Bank Pembangunan Daerah Jawa Timur Tbk ✔ ID1000098205 BNLI Bank Permata Tbk ✔ ID1000093503 BKSW Bank QNB Indonesia Tbk Bank QNB Kesawan Tbk ✔ ID1000095508 AGRO Bank Rakyat Indonesia Agroniaga Tbk Bank Agroniaga Tbk ✔ ID1000118201 BBRI Bank Rakyat Indonesia Tbk ✔

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – The ISIN code and ticker of companies listed on the Indonesian Exchange (IDX) ISIN Ticker Status Name Issuer ID1000117807 BSIM Bank Sinarmas Tbk ✔ ID1000113707 BBTN Bank Tabungan Negara (Persero) Tbk ✔ ID1000118508 BTPN Bank Tabungan Pensiunan Nasional Tbk ✔ ID1000056302 BVIC Bank Victoria International Tbk ✔ ID1000105307 SDRA Bank Woori Saudara Indonesia 1906 Tbk Bank Himpunan Saudara ✔ 1906 Tbk ID1000133408 BBYB Bank Yudha Bhakti Tbk ✔ ID1000087307 ATPK Bara Jaya Internasional Tbk ATPK Resources Tbk ✔ ID1000125701 BSSR Baramulti Suksessarana Tbk ✔ ID1000085707 BRPT Barito Pasific Tbk Barito Pasific Timber Tbk ✔ ID1000132004 BPII Batavia Prosperindo Internasional Tbk ✔ ID1000111701 BYAN Bayan Resources Tbk ✔ ID1000074107 BAYU Bayu Buana Tbk ✔ ID1000109002 BAPA Bekasi Asri Pemula Tbk ✔ ID1000122609 BEST Bekasi Fajar Industrial Estate Tbk ✔ ID1000114101 BIPI Benakat Integra Tbk Benakat Petroleum Energy ✔ Tbk ID1000052509 RMBA Bentoel Internasional Investama Tbk Transindo Multi Prima Tbk ✔ ID1000116502 BRAU Berau Coal Energy Tbk ✘ ID1000099906 BLTA Berlian Laju Tanker Tbk ✔ ID1000125602 BRNA Berlina Tbk ✔ ID1000071509 BTON Betonjaya Manunggal Tbk ✔ ID1000124001 BFIN BFI Finance Indonesia Tbk ✔ ID1000076508 BIPP Bhuwanatala Indah Permai Tbk ✔ ID1000134703 BIKA Binakarya Jaya Abadi Tbk ✔ ID1000079908 BMSR Bintang Mitra Semestaraya Tbk ✔ ID1000138100 BOGA Bintang Oto Global Tbk ✔ ID1000138308 CARS Bintraco Dharma Tbk ✔ ID1000089907 BMRA Bintuni Minaraya Tbk ✘ ID1000105703 BISI Bisi International Tbk ✔ ID1000132707 BIRD Blue Bird Tbk ✔ ID1000117401 BORN Borneo Lumbung Energi & Metal Tbk ✔ ID1000104607 BBLD Buana Finance Tbk ✔ ID1000133705 BULL Buana Listya Tama Tbk ✔ ID1000084908 BUDI Budi Starch & Sweetener Tbk Budi Acid Jaya Tbk ✔ ID1000080807 BUKK Bukaka Teknik Utama Tbk ✔ ID1000106008 BKDP Bukit Darmo Property Tbk ✔ ID1000116007 BUVA Bukit Uluwatu Villa Tbk ✔ ID1000113509 BCIP Bumi Citra Permai Tbk ✔ ID1000117609 BRMS Bumi Resources Minerals Tbk ✔ ID1000068703 BUMI Bumi Resources Tbk ✔ ID1000110802 BSDE Bumi Serpong Damai Tbk ✔ ID1000098106 BTEK Bumi Teknokultura Unggul Tbk ✔ ID1000139801 HOKI Buyung Poetra Sembada Tbk ✔ ID1000138704 CSIS Cahayasakti Investindo Sukses Tbk ✔ ID1000072606 CKRA Cakra Mineral Tbk Citra Kebun Raya Agri Tbk ✔ ID1000141500 CAMP Campina Ice Cream Industry Tbk ✔ ID1000137508 CASA Capital Financial Indonesia Tbk ✔ ID1000120405 MTFN Capitalinc Investment Tbk ✔ ID1000130503 CANI Capitol Nusantara Indonesia Tbk ✔ ID1000121403 CASS Cardig Aero Services Tbk ✔ ID1000108301 CSAP Catur Sentosa Adiprana Tbk ✔ ID1000124100 DKFT Central Omega Resources Tbk ✔

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Table – The ISIN code and ticker of companies listed on the Indonesian Exchange (IDX) ISIN Ticker Status Name Issuer ID1000105000 CPRO Central Proteinaprima Tbk ✔ ID1000076805 CENT Centratama Telekomunikasi Indonesia Tbk Centrin Online Tbk ✔ ID2000081902 CNTX Century Textile Industry Tbk Seri A ✔ ID1000081805 CNTB Century Textile Industry Tbk Seri B ✔ ID1000059306 IGAR Champion Pacific Indonesia Tbk Igar Jaya Tbk ✔ ID1000090301 TPIA Chandra Asri Petrochemical Tbk Tri Polyta Indonesia Tbk ✔ ID1000117708 CPIN Charoen Pokphand Indonesia Tbk ✔ ID1000131907 CINT Chitose Internasional Tbk ✔ ID1000137201 POWR Cikarang Listrindo Tbk ✔ ID1000115306 CTRA Ciputra Development Tbk ✔ ID1000082803 CITA Cita Mineral Investindo Tbk Cipta Panelutama Tbk ✔ ID1000070105 CTTH Citatah Tbk ✔ ID1000128101 CPGT Citra Maharlika Nusantara Corpora Tbk Cipaganti Citra Graha Tbk ✘ ID1000070402 CMNP Citra Marga Nusaphala Persada Tbk ✔ ID1000112303 CTBN Citra Tubindo Tbk ✔ ID1000095201 CFIN Clipan Finance Indonesia Tbk ✔ ID1000079106 CLPI Colorpak Indonesia Tbk ✔ ID1000108707 COWL Cowell Development Tbk ✔ ID1000136104 DEFI Danasupra Erapacific Tbk ✔ ID1000085608 SCBD Danayasa Arthatama Tbk ✔ ID1000107303 DEWA Darma Henwa Tbk ✔ ID1000117203 DVLA Darya-Varia Laboratoria Tbk ✔ ID1000105802 DAVO Davomas Abadi Tbk ✘ ID1000090004 DGSA Daya Guna Samudra Tbk ✘ ID1000076102 DSUC Daya Sakti Unggul Corporindo Tbk ✘ ID1000097702 KARK Dayaindo Resources International Tbk ✘ ID1000134208 DMAD Deemade Karya Indonesia Tbk Media Komunikasi Nusantara ✔ Korporindo Tbk ID1000136005 DLTA Delta Djakarta Tbk ✔ ID1000110505 DOID Delta Dunia Makmur Tbk Delta Dunia Petroindo Tbk ✔ ID1000111107 PDES Destinasi Tirta Nusantara Tbk ✔ ID1000065808 DSFI Dharma Samudera Fishing Industries Tbk ✔ ID1000135809 DSNG Dharma Satya Nusantara Tbk ✔ ID1000113400 DSSA Dian Swastatika Sentosa Tbk ✔ ID1000136203 DPUM Dua Putra Utama Makmur Tbk ✔ ID1000089303 DART Duta Anggada Realty Tbk ✔ ID1000137300 DAYA Duta Intidaya Tbk ✔ ID1000103500 DPNS Duta Pertiwi Nusantara Tbk ✔ ID1000076300 DUTI Duta Pertiwi Tbk ✔ ID1000131600 DAJK Dwi Aneka Jaya Kemasindo Tbk ✔ ID1000141302 DWGL Dwi Guna Laksana Tbk ✔ ID1000126808 DYAN Dyandra Media International Tbk ✔ ID1000113202 BWPT Eagle High Plantations Tbk BW Plantation Tbk ✔ ID1000053903 EDJSA Eka Dharma Jaya Sakti Tbk seri A ✘ ID1000054000 EDJSB Eka Dharma Jaya Sakti Tbk seri B ✘ ID1000131204 LRNA Eka Sari Lorena Transport Tbk ✔ ID1000104805 EKAD Ekadharma International Tbk ✔ ID1000113905 EMTK Elang Mahkota Teknologi Tbk ✔ ID1000127905 ECII Electronic City Indonesia Tbk ✔ ID1000109606 ELSA Elnusa Tbk ✔ ID1000140304 MDKI Emdeki Utama Tbk ✔ ID1000098304 ENRG Energi Mega Persada Tbk ✔ ID1000096506 EPMT Enseval Putera Megatrading Tbk ✔

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – The ISIN code and ticker of companies listed on the Indonesian Exchange (IDX) ISIN Ticker Status Name Issuer ID1000074206 GSMF Equity Development Investment Tbk GT Investama Kapital Tbk ✔ ID1000121601 ERAA Erajaya Swasembada Tbk ✔ ID1000076607 ERTX Eratex Djaja Limited Tbk ✔ ID1000064405 ETWA Eterindo Wahanatama Tbk ✔ ID1000106503 LCGP Eureka Prima Jakarta Tbk Laguna Cipta Griya Tbk ✔ ID1000063506 ESTI Ever Shine Tex Tbk ✔ ID1000116106 GREN Evergreen Invesco Tbk ✔ ID1000096209 CNKO Exploitasi Energi Indonesia Tbk Central Korporindo ✔ Internasional Tbk ID1000125404 TAXI Express Transindo Utama Tbk ✔ ID1000068208 FASW Fajar Surya Wisesa Tbk ✔ ID1000063209 FAST Fast Food Indonesia Tbk ✔ ID1000139108 FINN First Indo American Leasing Tbk ✔ ID1000051709 KBLV First Media Tbk Broadband Multimedia Tbk, ✔ Tanjung Bangunsemesta Tbk ID1000080104 FISH FKS Multi Agro Tbk Fishindo Kusuma Sejahtera ✔ Tbk ID1000080203 FORU Fortune Indonesia Tbk ✔ ID1000091200 FMII Fortune Mate Indonesia Tbk ✔ ID1000138407 FORZ Forza Land Indonesia Tbk ✔ ID1000123201 GAMA Gading Development Tbk ✔ ID1000086002 GJTL Gajah Tunggal Tbk ✔ ID1000113004 GTBO Garda Tujuh Buana Tbk ✔ ID1000118300 GIAA Garuda Indonesia (Persero) Tbk ✔ ID1000140601 GMFI Garuda Maintenance Facility Aero Asia Tbk ✔ ID1000134604 BOLT Garuda Metalindo Tbk ✔ ID1000092505 GEMA Gema Grahasarana Tbk ✔ ID1000105604 BMTR Global Mediacom Tbk Bimantara Citra Tbk ✔ ID1000123706 GLOB Global Teleshop Tbk ✔ ID1000100704 SMMT Golden Eagle Energy Tbk Eatertainment International ✔ Tbk ID1000121106 GEMS Golden Energy Mines Tbk ✔ ID1000133200 GOLL Golden Plantation Tbk ✔ ID1000134802 GDYR Goodyear Indonesia Tbk ✔ ID1000064009 GMTD Gowa Makassar Tourism Development Tbk ✔ ID1000110604 GZCO Gozco Plantations Tbk ✔ ID1000137409 JGLE Graha Andrasentra Propertindo Tbk ✔ ID1000131402 BLTZ Graha Layar Prima Tbk ✔ ID1000100605 GMCW Grahamas Citrawisata Tbk ✔ ID1000129505 KRAH Grand Kartech Tbk ✔ ID1000093206 GGST Great Golden Star Tbk ✔ ID1000085004 GRIV Great River International Tbk ✘ ID1000121809 GWSA Greenwood Sejahtera Tbk ✔ ID1000068604 GGRM Gudang Garam Tbk ✔ ID1000113806 GDST Gunawan Dianjaya Steel Tbk ✔ ID2000061706 MYRXP Hanson International Tbk Hanson Industri Utama Tbk ✔ ID1000059603 MYRX Hanson International Tbk Tbk Hanson Industri Utama Tbk ✔ ID1000139405 HRTA Hartadinata Abadi Tbk ✔ ID1000116601 HRUM Harum Energy Tbk ✔ ID1000107006 HADE HD Capital Tbk Hortus Danavest Tbk ✔ ID1000122708 HERO Hero Supermarket Tbk ✔ ID1000102205 HEXA Hexindo Adiperkasa Tbk ✔ ID1000074008 HMSP HM Sampoerna Tbk ✔ ID1000072309 SMCB Holcim Indonesia Tbk Semen Cibinong Tbk ✔

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Table – The ISIN code and ticker of companies listed on the Indonesian Exchange (IDX) ISIN Ticker Status Name Issuer ID1000111404 HOME Hotel Mandarine Regency Tbk ✔ ID1000068505 SHID Hotel Sahid Jaya International Tbk ✔ ID1000107105 HITS Humpuss Intermoda Transportasi Tbk ✔ ID1000079205 KARW ICTSI Jasa Prima Tbk ✔ ID1000133002 IMPC Impack Pratama Industri Tbk ✔ ID1000062201 INKP Indah Kiat Pulp and Paper Tbk ✔ ID1000130800 INAI Indal Aluminium Industry Tbk ✔ ID1000110901 INDY Indika Energy Tbk ✔ ID1000102601 SRSN Indo Acidatama Tbk Sarasa Nugraha Tbk ✔ ID1000086200 INCF Indo Komoditi Korpora Tbk ✔ ID1000084700 BRAM Indo Kordsa Tbk Branta Mulia Tbk ✔ ID1000060601 CPDW Indo Setu Bara Resources Tbk Cipendawa Tbk, Cipendawa ✔ Agroindustri Tbk ID1000120009 PTIS Indo Straits Tbk ✔ ID1000108509 ITMG Indo Tambangraya Megah Tbk ✔ ID1000061302 INTP Indocement Tunggal Prakarsa Tbk ✔ ID1000068406 INAF Indofarma (Persero) Tbk ✔ ID1000116700 ICBP Indofood CBP Sukses Makmur Tbk ✔ ID1000057003 INDF Indofood Sukses Makmur Tbk ✔ ID1000129901 IMJS Indomobil Multi Jasa Tbk ✔ ID1000123003 IMAS Indomobil Sukses International Tbk ✔ ID1000136401 IDPR Indonesia Pondasi Raya Tbk ✔ ID1000075401 OMRE Indonesia Prima Property Tbk ✔ ID1000104409 IATA Indonesia Transport & Infrastructure Tbk Indonesia Air Transport Tbk ✔ ID1000100001 INPP Indonesian Paradise Property Tbk ✔ ID1000115900 IPOL Indopoly Swakarsa Industry Tbk ✔ ID1000086101 INDR Indorama Syntetic Tbk ✔ ID1000063605 DNET Indoritel Makmur Internasional Tbk Dyviacom Intrabumi Tbk ✔ ID1000097405 ISAT Indosat Tbk ✔ ID1000072002 INDS Indospring Tbk ✔ ID1000130305 SIDO Industri Jamu dan Farmasi Sido Muncul Tbk ✔ ID1000077001 IATG Infoasia Teknologi Global Tbk ✘ ID1000112709 INVS Inovisi Infracom Tbk ✘ ID1000133101 IBFN Intan Baruprana Finance Tbk ✔ ID1000064504 INCI Intanwijaya Internasional Tbk Intan Wijaya Chemical ✔ Industry Tbk ID1000139504 WOOD Integra Indocabinet Tbk ✔ ID1000085103 INTD Inter Delta Tbk ✔ ID1000131303 MDIA Intermedia Capital Tbk ✔ ID1000100506 IIKP Inti Agri Resources Tbk Inti Kapuas Arowana Tbk ✔ ID1000124506 IBST Inti Bangun Sejahtera Tbk ✔ ID1000076201 IKAI Intikeramik Alamasri Industri Tbk ✔ ID1000116403 DILD Intiland Development Tbk ✔ ID1000119209 INTA Intraco Penta Tbk ✔ ID1000112204 ICON Island Concepts Indonesia Tbk ✔ ID1000094709 PSAB J Resources Asia Pasifik Tbk Pelita Sejahtera Abadi Tbk ✔ ID1000119001 JAWA J.A. Wattie ✔ ID1000103906 JAKA Jaka Inti Realtindo Tbk ✘ ID1000097900 JIHD Jakarta Int’l Hotels & Development Tbk ✔ ID1000084502 JKSW Jakarta Kyoei Steel Works Tbk ✔ ID1000082001 JSPT Jakarta Setiabudi Internasional Tbk ✔ ID1000126907 JPFA Japfa Comfeed Indonesia Tbk ✔ ID1000115504 JASS Jasa Angkasa Semesta Tbk ✘

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – The ISIN code and ticker of companies listed on the Indonesian Exchange (IDX) ISIN Ticker Status Name Issuer ID1000141708 IPCM Jasa Armada Indonesia Tbk ✔ ID1000108103 JSMR Jasa Marga (Persero) Tbk ✔ ID1000120603 JTPE Jasuindo Tiga Perkasa Tbk ✔ ID1000129307 JKON Jaya Konstruksi Manggala Pratama Tbk ✔ ID1000108608 JPRS Jaya Pari Steel Tbk ✔ ID1000128903 JRPT Jaya Real Property Tbk ✔ ID1000074305 JECC Jembo Cable Company Tbk ✔ ID1000073802 KBLM Kabelindo Murni Tbk ✔ ID1000125107 KLBF Kalbe Farma Tbk ✔ ID1000140809 ZINC Kapuas Prima Coal Tbk ✔ ID1000084304 GDWU Kasogi Internasional Tbk Ganda Wangsa Utama ✘ ID1000112907 RINA Katarina Utama Tbk ✔ ID1000072507 KIJA Kawasan Industri Jababeka Tbk ✔ ID1000083207 KICI Kedaung Indah Can Tbk ✔ ID1000054703 KDSI Kedawung Setia Industrial Ltd. Tbk ✔ ID1000088206 KIAS Keramika Indonesia Assosiasi Tbk ✔ ID1000116809 KBRI Kertas Basuki Rachmat Tbk ✔ ID1000070303 KAEF Kimia Farma Tbk Seri B ✔ ID1000136500 KINO Kino Indonesia Tbk ✔ ID1000140403 KIOS Kioson Komersial Indonesia Tbk ✔ ID1000139306 KMTR Kirana Megatara Tbk ✔ ID1000071806 KBLI KMI Wire and Cable Tbk GT Kabel Indonesia Tbk ✔ ID1000123508 KOBX Kobexindo Tractors Tbk ✔ ID1000110406 KOIN Kokoh Inti Arebama Tbk ✔ ID1000117005 KRAS Krakatau Steel (Persero) Tbk ✔ ID1000124308 KREN Kresna Graha Investama Tbk Kresna Graha Sekurindo Tbk ✔ ID1000062409 LMPI Langgeng Makmur Industri Tbk ✔ ID1000133507 LTLS Lautan Luas Tbk ✔ ID1000141906 LCKM LCK Global Kedaton Tbk ✔ ID1000079007 ITTG Leo Investment Tbk ✔ ID1000071004 LAPD Leyand International Tbk Lapindo International Tbk ✔ ID1000079403 LMAS Limas Indonesia Makmur Tbk Limas Centrik Indonesia Tbk ✔ ID1000131808 LINK Link Net Tbk ✔ ID1000135403 LION Lion Metal Works Tbk ✔ ID1000135502 LMSH Lionmesh Prima Tbk ✔ ID1000080302 LPCK Lippo Cikarang Tbk ✔ ID1000068109 LPGI Lippo General Insurance Tbk ✔ ID1000108905 LPKR Lippo Karawaci Tbk ✔ ID1000119803 LPPS Lippo Securities Tbk ✔ ID1000134000 LEAD Logindo Samudramakmur Tbk ✔ ID1000083801 FPNI Lotte Chemical Titan Tbk Titan Kimia Nusantara Tbk ✔ ID1000140908 MCAS M Cash Integrasi Tbk ✔ ID1000132103 MGNA Magna Investama Mandiri Tbk Magna Finance Tbk ✔ ID1000087208 ABBA Mahaka Media Tbk Abdi Bangsa Tbk ✔ ID1000136906 MARI Mahaka Radio Integra Tbk ✔ ID1000070709 AKSI Majapahit Inti Corpora Tbk Majapahit Securities Tbk ✔ ID1000140700 MTWI Malacca Trust Wuwungan Insurance Tbk ✔ ID1000119407 MAIN Malindo Feedmill Tbk ✔ ID1000102304 MFIN Mandala Multifinance Tbk ✔ ID1000053002 TCID Mandom Indonesia Tbk Tancho Indonesia Tbk ✔ ID1000059900 MANY Manly Unitama Finance Tbk ✘ ID1000139702 MAPB Map Boga Adiperkasa Tbk ✔ ID1000140007 MABA Marga Abhinaya Abadi Tbk ✔

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Table – The ISIN code and ticker of companies listed on the Indonesian Exchange (IDX) ISIN Ticker Status Name Issuer ID1000140106 MARK Mark Dynamics Indonesia Tbk ✔ ID1000118102 MBTO Martina Berto Tbk ✔ ID1000082506 MAMI Mas Murni Indonesia Tbk ✔ ID2000052903 MAMIP Mas Murni Indonesia Tbk ✔ ID1000056005 MREI Maskapai Reasuransi Indonesia Tbk ✔ ID1000113301 LPPF Matahari Department Store Tbk Pacific Utama Tbk ✔ ID1000125909 MPPA Matahari Putra Prima Tbk ✔ ID1000060007 MYOR Mayora Indah Tbk ✔ ID1000053705 MEDC Medco Energi Internasional Tbk ✔ ID1000106206 MNCN Media Nusantara Citra Tbk ✔ ID1000134307 MMLP Mega Manunggal Property Tbk ✔ ID1000118003 EMDE Megapolitan Developments Tbk ✔ ID1000139900 MPOW Megapower Makmur Tbk ✔ ID1000088800 SCPI Merck Sharp Dohme Pharma Tbk ✔ ID1000136609 MERK Merck Tbk ✔ ID1000134406 MDKA Merdeka Copper Gold Tbk ✔ ID1000121007 MTSM Metro Realty Tbk ✔ ID1000055007 MTDL Metrodata Electronic Tbk ✔ ID1000112808 MKPI Metropolitan Kentjana Tbk ✔ ID1000119308 MTLA Metropolitan Land Tbk ✔ ID1000117302 MIDI Midi Utama Indonesia Tbk ✔ ID1000072804 SDPC Millenium Pharmacon International Tbk ✔ ID1000121908 PADI Minna Padi Investama Sekuritas Tbk Minna Padi Investama Tbk ✔ ID1000099807 MAPI Mitra Adiperkasa Tbk ✔ ID1000131501 KOPI Mitra Energi Persada Tbk ✔ ID1000110703 MIRA Mitra International Resources Tbk Mitra Rajasa Tbk ✔ ID1000131709 MITI Mitra Investindo Tbk ✔ ID1000135700 MIKA Mitra Keluarga Karyasehat Tbk ✔ ID1000135908 MKNT Mitra Komunikasi Nusantara Tbk ✔ ID1000136807 MTRA Mitra Pemuda Tbk ✔ ID1000127202 MPMX Mitra Pinasthika Mustika Tbk ✔ ID1000118607 MBSS Mitrabahtera Segara Sejati Tbk, ✔ ID1000132400 MBAP Mitrabara Adiperdana Tbk ✔ ID1000064207 BHIT MNC Investama Tbk Bhakti Investama Tbk ✔ ID1000069701 BCAP MNC Kapital Indonesia Tbk Bhakti Capital Indonesia Tbk ✔ ID1000052301 KPIG MNC Land Tbk Global Land Dev. Tbk ✔ ID1000123607 MSKY MNC Sky Vision Tbk ✔ ID1000123300 MDRN Modern International Tbk ✔ ID1000129604 MDLN Modernland Realty Tbk ✔ ID1000060106 MLIA Mulia Industrindo Tbk ✔ ID1000126402 MAGP Multi Agro Gemilang Plantation Tbk ✔ ID1000132806 MLBI Multi Bintang Indonesia Tbk ✔ ID1000102809 MICE Multi Indocitra Tbk ✔ ID1000086408 LPIN Multi Prima Sejahtera Tbk Lippo Enterprises ✔ ID1000117906 MFMI Multifiling Mitra Indonesia Tbk ✔ ID1000115207 MLPL Multipolar Tbk ✔ ID1000128408 MLPT Multipolar Technolgy Tbk ✔ ID1000101207 MASA Multistrada Arah Sarana Tbk ✔ ID1000092604 MRAT Mustika Ratu Tbk ✔ ID1000124704 PTRA New Century Development Tbk ✘ ID1000129703 ROTI Nippon Indosari Corpindo Tbk ✔ ID1000129802 NIPS Nipress Tbk ✔ ID1000124605 NIRO Nirvana Development Tbk ✔

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – The ISIN code and ticker of companies listed on the Indonesian Exchange (IDX) ISIN Ticker Status Name Issuer ID1000108806 DGIK Nusa Konstruksi Enjiniring Tbk Duta Graha Indah Tbk ✔ ID1000127608 NRCA Nusa Raya Cipta Tbk ✔ ID1000116304 META Nusantara Infrastructure Tbk ✔ ID1000101108 UNIT Nusantara Inti Corpora Tbk United Capital Indonesia Tbk ✔ ID1000138209 PORT Nusantara Pelabuhan Handal Tbk ✔ ID1000096100 OCAP Onix Capital Tbk JJ NAB Capital Tbk ✔ ID1000060403 TKIM Pabrik Kertas Tjiwi Kimia Tbk ✔ ID1000101009 APIC Pacific Strategic Financial Tbk Pan Pacific Internasional Tbk ✔ ID1000122500 PWON Pakuwon Jati Tbk ✔ ID1000119506 PBRX Pan Brothers Tbk ✔ ID1000086606 PAFI Panasia Filament Inti Tbk ✘ ID1000086507 HDTX Panasia Indo Resources Tbk Panasia Indosyntech Tbk ✔ ID1000141401 PBID Panca Budi Idaman Tbk ✔ ID1000101405 PEGE Panca Global Securities Tbk ✔ ID1000082704 PWSI Panca Wiratama Sakti Tbk ✘ ID1000095607 PNLF Panin Financial Tbk Panin Life Tbk ✔ ID1000109200 PANS Panin Sekuritas Tbk ✔ ID1000094907 PNIN Paninvest Tbk Panin Insurance Tbk ✔ ID1000109705 PANR Panorama Sentrawisata Tbk ✔ ID1000137904 PBSA Paramita Bangun Sarana Tbk ✔ ID1000088404 PICO Pelangi Indah Canindo Tbk ✔ ID1000113608 NIKL Pelat Timah Nusantara Tbk ✔ ID1000126204 BBRM Pelayaran Nasional Bina Buana Raya Tbk ✔ ID1000125206 NELY Pelayaran Nelly Dwi Putri Tbk ✔ ID1000138803 TAMU Pelayaran Tamarin Samudra Tbk ✔ ID1000103203 TMAS Pelayaran Tempuran Emas Tbk ✔ ID1000141203 PSSI Pelita Samudera Shipping Tbk ✔ ID1000090509 PGLI Pembangunan Graha Lestari Indah Tbk ✔ ID1000103807 PJAA Pembangunan Jaya Ancol Tbk ✔ ID1000079809 KONI Perdana Bangun Pusaka Tbk ✔ ID1000107501 GPRA Perdana Gapuraprima Tbk ✔ ID1000106404 PKPK Perdana Karya Perkasa Tbk ✔ ID1000068901 TKGA Permata Prima Sakti Tbk ✘ ID1000111602 PGAS Perusahaan Gas Negara (Persero) Tbk ✔ ID1000122401 PTRO Petrosea Tbk ✔ ID1000075203 RODA Pikko Land Development Tbk Royal Oak Dev. Asia Tbk ✔ ID1000064108 PTSP Pioneerindo Gourmet International Tbk Putra Sejahtera Pioneerindo ✔ Tbk ID1000105406 PLIN Plaza Indonesia Realty Tbk ✔ ID1000097306 PLAS Polaris Investama Tbk Redland Asia Capital Tbk ✔ ID1000090202 ADMG Polychem Indonesia Tbk GT Petrochem Indutries Tbk ✔ ID1000122005 POOL Pool Advista Indonesia Tbk ✔ ID1000114002 PTPP PP (Persero) Tbk ✔ ID1000118409 LSIP PP London Sumatra Indonesia Tbk ✔ ID1000141005 PPRE PP Presisi Tbk ✔ ID1000133903 PPRO PP Properti Tbk ✔ ID1000090400 PSDN Prasidha Aneka Niaga Tbk ✔ ID1000102403 PRAS Prima Alloy Steel Universal Tbk ✔ ID1000141807 PCAR Prima Cakrawala Abadi Tbk ✔ ID1000075005 BIMA Primarindo Asia Infrastructure Tbk ✔ ID1000138001 PRDA Prodia Widyahusada Tbk ✔ ID1000137607 OASA Protech Mitra Perkasa Tbk ✔ ID1000125008 PALM Provident Agro Tbk ✔

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Table – The ISIN code and ticker of companies listed on the Indonesian Exchange (IDX) ISIN Ticker Status Name Issuer ID1000124803 PNSE Pudjiadi and Sons Tbk ✔ ID1000080609 PUDP Pudjiadi Prestige Tbk ✔ ID1000134109 DMAS Puradelta Lestari Tbk ✔ ID1000075609 PYFA Pyridam Farma Tbk ✔ ID1000118805 HDFA Radana Bhaskara Finance Tbk HD Finance Tbk ✔ ID1000103708 RUIS Radiant Utama Interinsco Tbk ✔ ID1000099500 RALS Ramayana Lestari Sentosa Tbk ✔ ID1000087802 PSKT Red Planet Indonesia Tbk Pusako Tarinka Tbk ✔ ID1000101603 RELI Reliance Sekuritas Indonesia Tbk Reliance Securities Tbk ✔ ID1000098601 SQMI Renuka Coalindo Tbk Allbond Makmur Usaha Tbk, ✔ Sanex Qianjiang Motor International Tbk ID1000114309 KKGI Resources Alam Indonesia Tbk ✔ ID1000059801 RICY Ricky Putra Globalindo Tbk ✔ ID1000098809 RIGS Rig Tenders Indonesia Tbk ✔ ID1000132608 CMPP Rimau Multi Putra Pratama Tbk Centris Multi Persada ✔ Pratama Tbk ID1000062706 RIMO Rimo International Lestari Tbk Rimo Catur Lestari Tbk ✔ ID1000058100 RBMS Ristia Bintang Mahkotasejati Tbk ✔ ID1000067200 RDTX Roda Vivatex Tbk ✔ ID1000094105 RAJA Rukun Raharja Tbk ✔ ID1000075104 RYAN Ryane Adibusana Tbk ✘ ID1000112600 BPFI Saham Batavia Prosperindo Finance Tbk ✔ ID1000119100 SIMP Salim Ivomas Pratama Tbk ✔ ID1000120900 MYOH Samindo Resources Tbk Myoh Technology Tbk ✔ ID1000106107 SGRO Sampoerna Agro Tbk ✔ ID1000075906 SMDR Samudera Indonesia Tbk ✔ ID1000138506 MINA Sanurhasta Mitra Tbk ✔ ID1000126303 SAME Sarana Meditama Metropolitan Tbk ✔ ID1000128804 TOWR Sarana Menara Nusantara Tbk ✔ ID1000121700 BAJA Saranacentral Bajatama Tbk ✔ ID1000126501 HOTL Saraswati Griya Lestari Tbk ✔ ID1000127707 SRTG Saratoga Investama Sedaya Tbk ✔ ID1000138605 CLEO Sariguna Primatirta Tbk ✔ ID1000107808 PTSN Sat Nusapersada Tbk ✔ ID1000130008 SSMS Sawit Sumbermas Sarana Tbk ✔ ID1000118706 SRAJ Sejahteraraya Anugrahjaya Tbk ✔ ID1000124407 SKBM Sekar Bumi Tbk ✔ ID1000059702 SKLT Sekar Laut Tbk ✔ ID1000112105 SIAP Sekawan Intipratama Tbk ✔ ID1000095409 SMSM Selamat Sempurna Tbk ✔ ID1000127806 SMBR Semen Baturaja (Persero) Tbk ✔ ID1000106800 SMGR Semen Indonesia (Persero) Tbk Semen Gresik Tbk ✔ ID1000104201 BKSL Sentul City Tbk Bukit Sentul Tbk ✔ ID1000129109 BATA Sepatu Bata Tbk ✔ ID1000079502 STTP Siantar Top Tbk ✔ ID1000120108 SDMU Sidomulyo Selaras Tbk ✔ ID1000133606 SIPD Sierad Produce Tbk ✔ ID1000065303 TMPI Sigmagold Inti Perkasa Tbk AGIS Tbk ✔ ID1000137102 SHIP Sillo Maritime Perdana Tbk ✔ ID1000129208 SILO Siloam International Hospitals Tbk ✔ ID1000094501 SMMA Sinar Mas Multiartha Tbk ✔ ID1000086903 SING Singer Indonesia Tbk ✘

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – The ISIN code and ticker of companies listed on the Indonesian Exchange (IDX) ISIN Ticker Status Name Issuer ID1000132202 TARA Sitara Propertindo Tbk ✔ ID1000063902 SIMA Siwani Makmur Tbk Van Der Horst Indonesia Tbk ✔ ID1000115801 SKYB Skybee Tbk ✔ ID1000088909 SULI SLJ Global Tbk Sumalindo Lestari Jaya Tbk ✔ ID1000101504 SMAR SMART Tbk ✔ ID1000122302 FREN Smartfren Telecom Tbk ✔ ID1000120801 SMRU SMR Utama Tbk ✔ ID1000132905 SOCI Soechi Lines Tbk ✔ ID1000120702 SUPR Solusi Tunas Pratama Tbk ✔ ID1000052202 SONA Sona Topas Tourism Industry Tbk ✔ ID1000106909 SOBI Sorini Agro Asia Corporindo Tbk ✘ ID1000127400 SRIL Sri Rejeki Isman Tbk ✔ ID1000100902 LPLI Star Pacific Tbk ✔ ID1000120306 STAR Star Petrochem Tbk ✔ ID1000067309 SAFE Steady Safe Tbk ✔ ID1000126709 ISSP Steel Pipe Industry of Indonesia Tbk ✔ ID1000092000 SUGI Sugih Energy Tbk Sugi Samapersada Tbk ✔ ID1000128705 AMRT Sumber Alfaria Trijaya Tbk ✔ ID1000089105 ITMA Sumber Energi Andalan Tbk ✔ ID1000083009 IKBI Sumi Indo Kabel Tbk ✔ ID1000092406 SMRA Summarecon Agung Tbk ✔ ID1000081508 SSTM Sunson Textile Manufacturer Tbk ✔ ID1000054307 SPMA Suparma Tbk ✔ ID1000090806 SUMI Super Mitory Utama Tbk ✘ ID1000122906 RANC Supra Boga Lestari Tbk ✔ ID1000080906 SCCO Supreme Cable Manufacturing and Commerce Supreme Cable ✔ Tbk Manufacturing Tbk ID1000083504 SAIP Surabaya Agung Industri Pulp and Kertas Tbk ✘ ID1000125305 SCMA Surya Citra Media Tbk ✔ ID1000076003 SUDI Surya Dumai Industri Tbk ✔ ID1000122203 ESSA Surya Esa Perkasa Tbk ✔ ID1000072903 SIMM Surya Intrindo Makmur Tbk ✔ ID1000119902 SSIA Surya Semesta Internusa Tbk ✔ ID1000132509 TOTO Surya Toto Indonesia Tbk ✔ ID1000110109 SIIP Suryainti Permata Tbk ✔ ID1000067408 SMDM Suryamas Dutamakmur Tbk ✔ ID2000069907 SQBI Taisho Pharmaceutical Indonesia Tbk Seri A Bristol-Myers Squibb ✔ Indonesia Tbk ID1000070006 SQBB Taisho Pharmaceutical Indonesia Tbk Seri B Bristol-Myers Squibb ✔ Indonesia Tbk ID1000094006 PTBA Tambang Batubara Bukit Asam (Persero) Tbk ✔ ID1000102007 INDX Tanah Laut Tbk Indoexchange Tbk ✔ ID1000054802 TFCO Teijin Indonesia Fiber Tbk Teijin Indonesia Fiber ✔ Corporation Tbk ID1000129000 TLKM Telekomunikasi Indonesia (Persero) Tbk ✔ ID1000066400 TBMS Tembaga Mulia Semanan Tbk ✔ ID1000064801 TMPO Tempo Inti Media Tbk ✔ ID1000104508 TSPC Tempo Scan Pacific Tbk ✔ ID1000138902 TGRA Terregra Asia Energy Tbk ✔ ID1000089402 TEJA Texmaco Jaya Tbk ✘ ID1000090608 TPEN Texmaco Perkasa Engeneering Tbk ✘ ID1000120504 TIFA Tifa Finance Tbk ✔ ID1000087901 AISA Tiga Pilar Sejahtera Food Tbk Asia Intiselera Tbk ✔ ID1000102106 TGKA Tigaraksa Satria Tbk ✔

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Table – The ISIN code and ticker of companies listed on the Indonesian Exchange (IDX) ISIN Ticker Status Name Issuer ID1000111800 TINS Timah (Persero) Tbk ✔ ID1000122104 TELE Tiphone Mobile Indonesia Tbk ✔ ID1000061005 TIRA Tira Austenite Tbk ✔ ID1000053408 TIRT Tirta Mahakam Resources Tbk Tirta Mahakam Plywood ✔ Industry Tbk ID1000123409 TOBA Toba Bara Sejahtera Tbk ✔ ID1000094303 INRU Toba Pulp Lestari Tbk Inti Indorayon Utama Tbk ✔ ID1000104003 TOTL Total Bangun Persada Tbk ✔ ID1000139207 TOPS Totalindo Eka Persada Tbk ✔ ID1000116908 TBIG Tower Bersama Infrastructure Tbk ✔ ID1000111909 TRAM Trada Alam Minera Tbk Trada Maritime Tbk ✔ ID1000126600 TPMA Trans Power Marine Tbk ✔ ID1000123805 ALTO Tri Banyan Tirta Tbk ✔ ID1000059009 TRST Trias Sentosa Tbk ✔ ID1000112501 TRIO Trikomsel Oke Tbk ✔ ID1000052608 TRIM Trimegah Sekuritas Indonesia Tbk Trimegah Securities Tbk ✔ ID1000123102 TRIS Trisula International Tbk ✔ ID1000140502 BELL Trisula Textile Industries Tbk ✔ ID1000109408 TRIL Triwira Insanlestari Tbk ✔ ID1000104706 TRUB Truba Alam Manunggal Engineering Tbk ✔ ID1000134901 TRUS Trust Finance Indonesia Tbk ✔ ID1000130107 TALF Tunas Alfin Tbk ✔ ID1000076706 TBLA Tunas Baru Lampung Tbk ✔ ID1000115405 TURI Tunas Ridean Tbk ✔ ID1000063100 ULTJ Ultrajaya Milk Industry and Trading Company ✔ Tbk ID1000058704 UNIC Unggul Indah Cahaya Tbk ✔ ID1000095706 UNVR Unilever Indonesia Tbk ✔ ID1000058407 UNTR United Tractors Tbk ✔ ID1000109309 INCO Vale Indonesia Tbk Int’l Nickel Indonesia Tbk ✔ ID1000111008 VRNA Verena Multi Finance Tbk Verena Oto Finance Tbk ✔ ID1000135601 VINS Victoria Insurance Tbk ✔ ID1000128002 VICO Victoria Investama Tbk ✔ ID1000121304 VIVA Visi Media Asia Tbk ✔ ID1000116205 GOLD Visi Telekomunikasi Infrastruktur Tbk Golden Retailindo Tbk ✔ ID1000083900 VOKS Voksel Elektrik Tbk ✔ ID1000090707 UGAR Wahana Jaya Perkasa Tbk ✘ ID1000100209 WOMF Wahana Ottomitra Multiartha Tbk ✔ ID1000070204 WAPO Wahana Pronatural Tbk Wahana Phonix Mandiri Tbk ✔ ID1000137706 WSBP Waskita Beton Precast Tbk ✔ ID1000126105 WSKT Waskita Karya (Persero) Tbk ✔ ID1000105901 WEHA Weha Transportasi Indonesia Tbk Panorama Transportasi Tbk ✔ ID1000066301 WICO Wicaksana Overseas Intenational Tbk ✔ ID1000107600 WIKA Wijaya Karya (Persero) Tbk ✔ ID1000141104 WEGE Wijaya Karya Bangunan Gedung Tbk ✔ ID1000131105 WTON Wijaya Karya Beton Tbk ✔ ID1000135007 CEKA Wilmar Cahaya Indonesia Tbk ✔ ID1000117500 WINS Wintermar Offshore Marine Tbk ✔ ID1000126006 WIIM Wismilak Inti Makmur Tbk ✔ ID1000102502 EXCL XL Axiata Tbk Excelcomindo Pratama Tbk ✔ ID1000109804 YPAS Yanaprima Hastapersada Tbk ✔ ID1000100100 YULE Yulie Sekuritas Indonesia Tbk Yulie Sekurindo Tbk ✔ ID1000055502 ZBRA Zebra Nusantara Tbk ✔

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

The ISIN and ticker of companies’ stocks ACTIVELY TRADED on the IDX, Feb. 2018 Table 3 – The ISIN and ticker of companies’ stocks ACTIVELY TRADED on the IDX, Feb. 2018

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Table – The ISIN and ticker of companies’ stocks ACTIVELY TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000121502 ABMM ABM Investama Tbk ABM Investama Tbk ID1000127509 ACST ACSET Indonusa Tbk ACSET Indonusa Tbk ID1000111305 ADRO Adaro Energy Tbk Adaro Energy Tbk ID1000097207 ADHI Adhi Karya (Persero) Tbk Adhi Karya (Persero) Tbk ID1000125800 ASSA Adi Sarana Armada Tbk Adi Sarana Armada Tbk ID1000097504 ADMF Adira Dinamika Multi Finance Tbk Adira Dinamika Multi Finance Tbk ID1000117104 APLN Agung Podomoro Land Tbk Agung Podomoro Land Tbk ID1000067606 ADES Akasha Wira International Tbk Akasha Wira International Tbk ID1000071202 AIMS Akbar Indo Makmur Stimec Tbk Akbar Indo Makmur Stimec Tbk ID1000106701 AKRA AKR Corporindo Tbk AKR Corporindo Tbk ID1000076904 ALKA Alakasa Industrindo Tbk Alakasa Industrindo Tbk ID1000108400 ASRI Alam Sutera Realty Tbk Alam Sutera Realty Tbk ID1000139009 FIRE Alfa Energi Investama Tbk Alfa Energi Investama Tbk ID1000120207 ALDO Alkindo Naratama Tbk Alkindo Naratama Tbk. ID1000083405 ALMI Alumindo Light Metal Industry Tbk Alumindo Light Metal Industry Tbk ID1000134505 ATIC Anabatic Technologies Tbk Anabatic Technologies Tbk ID1000103302 OKAS Ancora Indonesia Resources Tbk Ancora Indonesia Resources Tbk ID1000137805 AGII Aneka Gas Industri Tbk Aneka Gas Industri ID1000106602 ANTM Aneka Tambang Tbk Aneka Tambang Tbk ID1000099609 AKKU Anugerah Kagum Karya Utama Tbk Anugerah Kagum Karya Utama Tbk ID1000074701 MYTX Apac Citra Centertex Tbk Apac Citra Centertex Tbk ID1000091309 APEX Apexindo Pratama Duta Tbk Apexindo Pratama Duta Tbk ID1000083306 AQUA Aqua Golden Mississippi Tbk Aqua Golden Mississippi Tbk ID1000084205 AKPI Argha Karya Prima Industry Tbk Argha Karya Prima Industry Tbk ID1000083702 ARGO Argo Pantes Tbk Argo Pantes Tbk ID1000129406 APII Arita Prima Indonesia Tbk Arita Prima Indonesia Tbk ID1000139603 ARMY Armidian Karyatama Tbk Armidian Karyatama Tbk ID1000105208 APOL Arpeni Pratama Ocean Line Tbk Arpeni Pratama Ocean Line Tbk ID1000093305 ARTA Arthavest Tbk Arthavest Tbk ID1000084601 AMFG Asahimas Flat Glass Tbk Asahimas Flat Glass Tbk ID1000110208 POLY Asia Pacific Fibers Tbk Asia Pacific Fibers Tbk ID1000059405 APLI Asiaplast Industries Tbk Asiaplast Industries Tbk ID1000066004 AALI Astra Agro Lestari Tbk Astra Agro Lestari Tbk ID1000066103 ASGR Astra Graphia Tbk Astra Graphia Tbk ID1000073406 ABDA Asuransi Bina Dana Arta Tbk Asuransi Bina Dana Arta Tbk ID1000058506 ASBI Asuransi Bintang Tbk Asuransi Bintang Tbk ID1000090905 ASDM Asuransi Dayin Mitra Tbk Asuransi Dayin Mitra Tbk ID1000095805 AHAP Asuransi Harta Aman Pratama Tbk Asuransi Harta Aman Pratama Tbk ID1000141609 JMAS Asuransi Jiwa Syariah Jasa Mitra Asuransi Jiwa Syariah Jasa Mitra Abadi Tbk Abadi Tbk ID1000130602 ASMI Asuransi Kresna Mitra Tbk Asuransi Kresna Mitra Tbk ID1000102908 AMAG Asuransi Multi Artha Guna Tbk Asuransi Multi Artha Guna Tbk ID1000079700 ASRM Asuransi Ramayana Tbk Asuransi Ramayana Tbk ID1000136302 AMIN Ateliers Mecaniques D'Indonesie Tbk ATMindo Tbk ID1000121205 ARII Atlas Resources Tbk Atlas Resources Tbk ID1000270002 ANJT Austindo Nusantara Jaya Tbk Austindo Nusantara Jaya Tbk ID1000140205 NASA Ayana Land International Tbk Ayana Land International Tbk ID1000059504 BASS Bahtera Adimina Samudra Tbk Bahtera Adimina Samudra Tbk ID1000110000 BNBR Bakrie and Brothers Tbk Bakrie & Brothers Tbk ID1000099708 UNSP Bakrie Sumatera Plantations Tbk Bakrie Sumatera Plantations Tbk ID1000103005 BTEL Bakrie Telecom Tbk Bakrie Telecom Tbk ID1000088701 ELTY Bakrieland Development Tbk Bakrieland Development Tbk ID1000133309 AGRS Bank Agris Tbk Bank Agris Tbk ID1000105505 INPC Bank Artha Graha Internasional Tbk Bank Artha Graha Internasional Tbk

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Table – The ISIN and ticker of companies’ stocks ACTIVELY TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000136708 ARTO Bank Artos Indonesia Tbk Bank Artos Indonesia Tbk,Pt ID1000103609 BBKP Bank Bukopin Tbk Bank Bukopin Tbk ID1000103401 BNBA Bank Bumi Arta Tbk Bank Bumi Arta Tbk ID1000107402 BACA Bank Capital Indonesia Tbk Bank Capital Indonesia Tbk ID1000109507 BBCA Bank Central Asia Tbk Bank Central Asia Tbk ID1000106305 MCOR Bank China Construction Bank Bank China Construction Bank Indonesia Tbk Indonesia Tbk ID1000098007 BNGA Bank CIMB Niaga Tbk Bank CIMB Niaga Tbk ID1000094204 BDMN Bank Danamon Indonesia Tbk Bank Danamon Tbk ID1000132301 DNAR Bank Dinar Indonesia Tbk Bank Dinar Indonesia Tbk ID1000137003 BGTG Bank Ganesha Tbk Bank Ganesha Tbk ID1000135304 BBHI Bank Harda Internasional Tbk Bank Harda Internasional Tbk ID1000130404 BINA Bank Ina Perdana Tbk Bank Ina Perdana Tbk ID1000115702 BJBR Bank Jabar Banten Tbk Bank Jabar ID1000100407 BCIC Bank JTrust Indonesia Tbk Bank JTrust Indonesia Tbk ID1000095003 BMRI Bank Mandiri (Persero) Tbk Bank Mandiri ( Persero ) Tbk ID1000128200 BMAS Bank Maspion Indonesia Tbk Bank Maspion Indonesia Tbk ID1000055205 MAYA Bank Mayapada Internasional Tbk Bank Mayapada Internasional Tbk ID1000099302 BNII Bank Maybank Indonesia Tbk Bank Maybank Indonesia Tbk ID1000052400 MEGA Bank Mega Tbk Bank Mega Tbk ID1000128507 BBMD Bank Mestika Dharma Tbk Bank Mestika Dharma Tbk ID1000128606 NAGA Bank Mitraniaga Tbk Bank Mitraniaga Tbk ID1000091507 BABP Bank MNC Internasional Tbk Bank Mnc Internasional Tbk ID1000127103 NOBU Bank National Nobu Tbk Bank Nationalnobu Tbk ID1000096605 BBNI Bank Negara Indonesia Tbk Bank Negara Indonesia (Persero) Tbk ID1000063308 BBNP Bank Nusantara Parahyangan Tbk Bank Nusantara Parahyangan Tbk ID1000094402 NISP Bank OCBC NISP Tbk Bank OCBC NISP Tbk ID1000089709 BSWD Bank of India Indonesia Tbk Bank of India Indonesia Tbk ID1000092703 PNBN Bank Pan Indonesia Tbk Bank Pan Indonesia Tbk ID1000130701 PNBS Bank Panin Dubai Syariah Tbk Bank Panin Dubai Syariah Tbk ID1000070600 BEKS Bank Pembangunan Daerah Banten Bank Pembangunan Daerah Banten Tbk Tbk ID1000123904 BJTM Bank Pembangunan Daerah Jawa Bank Pembangunan Daerah Jawa Timur Timur Tbk ID1000098205 BNLI Bank Permata Tbk Bank Permata Tbk ID1000093503 BKSW Bank QNB Indonesia Tbk Bank QNB Indonesia Tbk ID1000095508 AGRO Bank Rakyat Indonesia Agroniaga Tbk Bank Rakyat Indonesia Agroniaga Tbk ID1000117807 BSIM Bank Sinar Mas Tbk Bank Sinar Mas Tbk ID1000113707 BBTN Bank Tabungan Negara (Persero) Tbk Bank Tabungan Negara (Persero) ID1000056302 BVIC Bank Victoria International Tbk Bank Victoria International Tbk ID1000105307 SDRA Bank Woori Saudara Indonesia 1906 Bank Woori Saudara Indonesia 1906 Tbk Tbk ID1000133408 BBYB Bank Yudha Bhakti Tbk Bank Yudha Bhakti Tbk ID1000087307 ATPK Bara Jaya Internasional Tbk Bara Jaya Internasional Tbk ID1000125701 BSSR Baramulti Suksessarana Tbk Baramulti Suksessarana Tbk ID1000085707 BRPT Barito Pacific Tbk Barito Pacific Tbk ID1000112600 BPFI Batavia Prosperindo Finance Tbk Batavia Prosperindo Finance Tbk. ID1000132004 BPII Batavia Prosperindo Internasional Tbk Batavia Prosperindo Internasional Tbk ID1000111701 BYAN Bayan Resources Tbk Bayan Resources Tbk ID1000074107 BAYU Bayu Buana Tbk Bayu Buana Tbk ID1000109002 BAPA Bekasi Asri Pemula Tbk Bekasi Asri Pemula Tbk ID1000122609 BEST Bekasi Fajar Industrial Estate Tbk Bekasi Fajar Industrial Estate Tbk ID1000114101 BIPI Benakat Integra Tbk Benakat Integra Tbk ID1000052509 RMBA Bentoel International Investama Tbk Bentoel Internasional Investama Tbk ID1000099906 BLTA Berlian Laju Tanker Tbk Berlian Laju Tanker Tbk ID1000071509 BTON Betonjaya Manunggal Tbk Betonjaya Manunggal Tbk ID1000068000 BFIN Bfi Finance Indonesia Tbk Bfi Finance Indonesia Tbk ID1000064207 BHIT Bhakti Investama Tbk Bhakti Investama Tbk ID1000076508 BIPP Bhuwanatala Indah Permai Tbk Bhuwanatala Indah Permai Tbk ID1000134703 BIKA Binakarya Jaya Abadi Tbk Binakarya Jaya Abadi Tbk ID1000079908 BMSR Bintang Mitra Semestaraya Tbk Bintang Mitra Semestaraya Tbk

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – The ISIN and ticker of companies’ stocks ACTIVELY TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000138100 BOGA Bintang Oto Global Tbk Bintang Oto Global ID1000138308 CARS Bintraco Dharma Tbk Bintraco Dharma Tbk ID1000105703 BISI Bisi International Tbk Bisi International Tbk ID1000132707 BIRD Blue Bird Tbk Blue Bird Tbk ID1000117401 BORN Borneo Lumbung Energi dan Metal Borneo Lumbung Energi dan Metal Tbk. Tbk ID1000104607 BBLD Buana Finance Tbk Buana Finance Tbk ID1000084908 BUDI Budi Starch and Sweetener Tbk Budi Starch & Sweetener Tbk ID1000106008 BKDP Bukit Darmo Property Tbk Bukit Darmo Property Tbk ID1000116007 BUVA Bukit Uluwatu Villa Tbk Bukit Uluwatu Villa Tbk ID1000113509 BCIP Bumi Citra Permai Tbk Bumi Citra Permai Tbk ID1000117609 BRMS Bumi Resources Minerals Tbk Bumi Resources Minerals Tbk ID1000068703 BUMI Bumi Resources Tbk Bumi Resources Tbk ID1000110802 BSDE Bumi Serpong Damai Tbk Bumi Serpong Damai Tbk ID1000098106 BTEK Bumi Teknokultura Unggul Tbk Bumi Teknokultura Unggul Tbk ID1000139801 HOKI Buyung Poetra Sembada Tbk Buyung Poetra Sembada Tbk ID1000138704 CSIS Cahayasakti Investindo Sukses Tbk Cahayasakti Investindo Sukses Tbk ID1000072606 CKRA Cakra Mineral Tbk Cakra Mineral Tbk ID1000141500 CAMP Campina Ice Cream Industry Tbk Campina Ice Cream Industry Tbk ID1000137508 CASA Capital Financial Indonesia Tbk Capital Financial Indonesia Tbk ID1000120405 MTFN Capitalinc Investment Tbk Capitalinc Investment Tbk ID1000130503 CANI Capitol Nusantara Indonesia Tbk Capitol Nusantara Indonesia Tbk ID1000121403 CASS Cardig Aero Services Tbk Cardig Aero Services Tbk ID1000108301 CSAP Catur Sentosa Adiprana Tbk Catur Sentosa Adiprana Tbk ID2000081902 CNTX Centex Tbk Seri A Preferen Century Textile Industry Tbk ID1000081805 CNTB Centex Tbk Seri B Company Listing Century Textile Industry Tbk ID1000105000 CPRO Central Proteinaprima Tbk Central Proteinaprima Tbk ID1000076805 CENT Centratama Telekomunikasi Indonesia Centratama Telekomunikasi Indonesia Tbk Tbk ID1000059306 IGAR Champion Pacific Indonesia Tbk Champion Pacific Indonesia Tbk ID1000090301 TPIA Chandra Asri Petrochemical Tbk Chandra Asri Petrochemical Tbk. ID1000131907 CINT Chitose Internasional Tbk Chitose Internasional Tbk ID1000137201 POWR Cikarang Listrindo Tbk Cikarang Listrindo Tbk ID1000115306 CTRA Ciputra Development Tbk Ciputra Development Tbk ID1000107907 CTRP Ciputra Property Tbk Ciputra Property Tbk ID1000101900 CTRS Ciputra Surya Tbk Ciputra Surya Tbk ID1000101900 CTRS Ciputra Surya Tbk Ciputra Surya Tbk ID1000082803 CITA Cita Mineral Investindo Tbk Cita Mineral Investindo Tbk ID1000070105 CTTH Citatah Tbk Citatah Tbk ID1000070105 CTTH Citatah Tbk Citatah Tbk ID1000070402 CMNP Citra Marga Nusaphala Persada Tbk Citra Marga Nusaphala Persada Tbk ID1000112303 CTBN Citra Tubindo Tbk Citra Tubindo Tbk ID1000095201 CFIN Clipan Finance Indonesia Tbk Clipan Finance Indonesia Tbk ID1000079106 CLPI Colorpak Indonesia Tbk Colorpak Indonesia Tbk ID1000108707 COWL Cowell Development Tbk Cowell Development Tbk ID1000085608 SCBD Danayasa Arthatama Tbk Danayasa Arthatama Tbk ID1000107303 DEWA Darma Henwa Tbk Darma Henwa Tbk ID1000105802 DAVO Davomas Abadi Tbk Davomas Abadi Tbk ID1000071301 KARK Dayaindo Resources International Tbk Dayaindo Resources International Tbk ID1000134208 DMAD Deemade Karya Indonesia Tbk Deemade Karya Indonesia Tbk ID1000110505 DOID Delta Dunia Makmur Tbk Delta Dunia Makmur Tbk ID1000111107 PDES Destinasi Tirta Nusantara Tbk Destinasi Tirta Nusantara Tbk ID1000065808 DSFI Dharma Samudera Fishing Industries Dharma Samudera Fishing Industries Tbk Tbk ID1000113400 DSSA Dian Swastatika Sentosa Tbk Dian Swastatika Sentosa ID1000136203 DPUM Dua Putra Utama Makmur Tbk Dua Putra Utama Makmur Tbk ID1000089303 DART Duta Anggada Realty Tbk Duta Anggada Realty Tbk ID1000137300 DAYA Duta Intidaya Tbk Duta Intidaya Tbk ID1000103500 DPNS Duta Pertiwi Nusantara Duta Pertiwi Nusantara Tbk ID1000076300 DUTI Duta Pertiwi Tbk Duta Pertiwi Tbk ID1000131600 DAJK Dwi Aneka Jaya Kemasindo Tbk Dwi Aneka Jaya Kemasindo Tbk

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Table – The ISIN and ticker of companies’ stocks ACTIVELY TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000141302 DWGL Dwi Guna Laksana Tbk Dwi Guna Laksana Tbk ID1000126808 DYAN Dyandra Media International Tbk Dyandra Media International Tbk ID1000065402 DYNA Dynaplast Tbk Dynaplast Tbk ID1000113202 BWPT Eagle High Plantation, Tbk Eagle High Plantation Tbk ID1000100704 SMMT Eatertainment International Tbk Eatertainment International Tbk ID1000054000 EDJSB Eka Dharma Jaya Sakti Eka Dharma Jaya Sakti ID1000131204 LRNA Eka Sari Lorena Transport Tbk Eka Sari Lorena Transport Tbk ID1000104805 EKAD Ekadharma International Tbk Ekadharma International Tbk ID1000113905 EMTK Elang Mahkota Teknologi Tbk Elang Mahkota Teknologi Tbk ID1000127905 ECII Electronic City Indonesia Tbk Electronic City Indonesia Tbk ID1000109606 ELSA Elnusa Tbk Elnusa Tbk ID1000140304 MDKI Emdeki Utama Tbk Emdeki Utama Tbk ID1000098304 ENRG Energi Mega Persada Tbk Energi Mega Persada Tbk ID1000096506 EPMT Enseval Putera Megatrading Tbk Enseval Putera Megatrading Tbk ID1000074206 GSMF Equity Development Investment Tbk Equity Development Investment Tbk ID1000121601 ERAA Erajaya Swasembada Tbk Erajaya Swasembada Tbk ID1000076607 ERTX Eratex Djaja Tbk Eratex Djaja Tbk ID1000064405 ETWA Eterindo Wahanatama Tbk Eterindo Wahanatama Tbk ID1000106503 LCGP Eureka Prima Jakarta Tbk Eureka Prima Jakarta Tbk ID1000063506 ESTI Ever Shine Textile Industry Ever Shine Tex Tbk ID1000116106 GREN Evergreen Invesco Tbk Evergreen Invesco Tbk ID1000096209 CNKO Exploitasi Energi Indonesia Tbk Exploitasi Energi Indonesia Tbk ID1000125404 TAXI Express Transindo Utama Tbk Express Transindo Utama Tbk ID1000068208 FASW Fajar Surya Wisesa Tbk Fajar Surya Wisesa Tbk ID1000063209 FAST Fast Food Indonesia Tbk Fast Food Indonesia Tbk ID1000139108 FINN First Indo American Leasing Tbk First Indo American Leasing Tbk ID1000051709 KBLV First Media Tbk First Media Tbk ID1000080104 FISH FKS Multi Agro Tbk Fks Multi Agro Tbk ID1000080203 FORU Fortune Indonesia Tbk Fortune Indonesia Tbk ID1000091200 FMII Fortune Mate Indonesia Tbk Fortune Mate Indonesia Tbk ID1000138407 FORZ Forza Land Indonesia Tbk Forza Land Indonesia Tbk ID1000123201 GAMA Gading Development Tbk Gading Development Tbk ID1000086002 GJTL Gajah Tunggal Tbk Gajah Tunggal Tbk ID1000113004 GTBO Garda Tujuh Buana Tbk Garda Tujuh Buana Tbk. ID1000118300 GIAA Garuda Indonesia (Persero) Tbk Garuda Indonesia (Persero) Tbk ID1000140601 GMFI Garuda Maintenance Facility Aero Garuda Maintenance Facility Aero Asia Tbk Asia Tbk ID1000134604 BOLT Garuda Metalindo Tbk Garuda Metalindo Tbk ID1000092505 GEMA Gema Grahasarana Tbk Gema Graha Sarana Tbk ID1000105604 BMTR Global Mediacom Tbk Global Mediacom Tbk ID1000123706 GLOB Global Teleshop Tbk Global Teleshop Tbk ID1000121106 GEMS Golden Energy Mines Tbk Golden Energy Mines Tbk ID1000133200 GOLL Golden Plantation Tbk Golden Plantation Tbk ID1000089204 GDYR Goodyear Indonesia Tbk Goodyear Indonesia Tbk ID1000064009 GMTD Gowa Makassar Tourism Gowa Makassar Tourism Development Tbk Development Tbk ID1000110604 GZCO Gozco Plantations Tbk Gozco Plantations Tbk ID1000137409 JGLE Graha Andrasentra Propertindo Tbk Graha Andrasentra Propertindo Tbk ID1000131402 BLTZ Graha Layar Prima Tbk Graha Layar Prima Tbk ID1000100605 GMCW Grahamas Citrawisata Tbk Grahamas Citrawisata Tbk ID1000129505 KRAH Grand Kartech Tbk Grand Kartech Tbk ID1000093206 GGST Great Golden Star Tbk Great Golden Star Tbk ID1000121809 GWSA Greenwood Sejahtera Tbk Greenwood Sejahtera Tbk ID1000068604 GGRM Gudang Garam Tbk Gudang Garam Tbk ID1000113806 GDST Gunawan Dianjaya Steel Tbk Gunawan Dianjaya Steel Tbk ID1000074008 HMSP Hanjaya Mandala Sampoerna Tbk Hanjaya Mandala Sampoerna Tbk ID1000059603 MYRX Hanson International Tbk Hanson International Tbk ID2000061706 MYRXP Hanson International Tbk - Seri B Hanson International Tbk ID1000139405 HRTA Hartadinata Abadi Tbk Hartadinata Abadi Tbk ID1000116601 HRUM Harum Energy Tbk Harum Energy Tbk. ID1000107006 HADE HD Capital Tbk HD Capital Tbk

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – The ISIN and ticker of companies’ stocks ACTIVELY TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000102205 HEXA Hexindo Adiperkasa Tbk Hexindo Adiperkasa Tbk ID1000072309 SMCB Holcim Indonesia Tbk Holcim Indonesia Tbk ID1000111404 HOME Hotel Mandarine Regency Tbk Hotel Mandarine Regency Tbk ID1000068505 SHID Hotel Sahid Jaya International Tbk Hotel Sahid Jaya International Tbk ID1000107105 HITS Humpuss Intermoda Transportasi Tbk Humpuss Intermoda Transportasi Tbk ID1000079205 KARW Ictsi Jasa Prima Tbk Ictsi Jasa Prima Tbk ID1000133002 IMPC Impack Pratama Industri Tbk Impack Pratama Industri Tbk ID1000062201 INKP Indah Kiat Pulp and Paper Tbk Indah Kiat Pulp & Paper Tbk ID1000110901 INDY Indika Energy Tbk Indika Energy Tbk ID1000102601 SRSN Indo Acidatama Tbk Indo Acidatama Tbk ID1000086200 INCF Indo Komoditi Korpora Tbk Indo Komoditi Korpora Tbk ID1000084700 BRAM Indo Kordsa Tbk Indo Kordsa Tbk ID1000060601 CPDW Indo Setu Bara Resources Tbk Indo Setu Bara Resources Tbk ID1000120009 PTIS Indo Straits Tbk Indo Straits Tbk ID1000108509 ITMG Indo Tambangraya Megah Tbk Indo Tambangraya Megah Tbk ID1000061302 INTP Indocement Tunggal Prakarsa Tbk Indocement Tunggal Prakarsa Tbk ID1000102007 INDX Indoexchange Tbk Indoexchange Tbk ID1000068406 INAF Indofarma (Persero) Tbk Indofarma (Persero) Tbk ID1000116700 ICBP Indofood CBP Sukses Makmur Tbk Indofood CBP Sukses Makmur Tbk ID1000057003 INDF Indofood Sukses Makmur Tbk Indofood Sukses Makmur Tbk ID1000129901 IMJS Indomobil Multi Jasa Tbk Indomobil Multi Jasa Tbk ID1000136401 IDPR Indonesia Pondasi Raya Tbk Indonesia Pondasi Raya Tbk ID1000075401 OMRE Indonesia Prima Property Tbk Indonesia Prima Property Tbk ID1000104409 IATA Indonesia Transport & Infrastructure Indonesia Transport & Infrastructure Tbk Tbk ID1000100001 INPP Indonesian Paradise Property Tbk Indonesian Paradise Property Tbk ID1000115900 IPOL Indopoly Swakarsa Industry Tbk Indopoly Swakarsa Industry Tbk ID1000086101 INDR Indo-Rama Synthetics Tbk Indorama Synthetics Tbk ID1000063605 DNET Indoritel Makmur Internasional Tbk Indoritel Makmur Internasional Tbk ID1000097405 ISAT Indosat Tbk Indosat Tbk ID1000072002 INDS Indospring Tbk Indospring Tbk ID1000130305 SIDO Industri Jamu dan Farmasi Sido Industri Jamu dan Farmasi Sido Muncul Tbk Muncul Tbk ID1000133101 IBFN Intan Baruprana Finance Tbk Intan Baruprana Finance ID1000064504 INCI Intanwijaya Internasional Tbk Intan Wijaya Internasional Tbk ID1000139504 WOOD Integra Indocabinet Tbk Integra Indocabinet Tbk ID1000085103 INTD Inter Delta Tbk Inter Delta Tbk ID1000131303 MDIA Intermedia Capital Tbk Intermedia Capital Tbk ID1000100506 IIKP Inti Agri Resources Tbk Inti Agri Resources Tbk ID1000124506 IBST Inti Bangun Sejahtera Tbk Inti Bangun Sejahtera Tbk ID1000076201 IKAI Intikeramik Alamasri Industri Tbk Intikeramik Alamasri Industri Tbk ID1000112204 ICON Island Concepts Indonesia Tbk Island Concepts Indonesia Tbk ID1000094709 PSAB J Resources Asia Pasifik Tbk J Resources Asia Pasifik Tbk ID1000103906 JAKA Jaka Inti Realtindo Tbk Jaka Inti Realtindo Tbk ID1000097900 JIHD Jakarta International Hotels and Jakarta International Hotels and Development Development Tbk Tbk ID1000084502 JKSW Jakarta Kyoei Steel Works Tbk Jakarta Kyoei Steel Works Tbk ID1000082001 JSPT Jakarta Setiabudi Internasional Tbk Jakarta Setiabudi Internasional Tbk ID1000141708 IPCM Jasa Armada Indonesia Tbk Jasa Armada Indonesia Tbk ID1000108103 JSMR Jasa Marga (Persero) Tbk Jasa Marga (Persero) Tbk ID1000119001 JAWA Jaya Agra Wattie Tbk Jaya Agra Wattie Tbk ID1000108608 JPRS Jaya Pari Steel Tbk Jaya Pari Steel Tbk ID1000104300 JRPT Jaya Real Property Tbk Jaya Real Property Tbk ID1000074305 JECC Jembo Cable Company Tbk Jembo Cable Company Tbk ID1000073802 KBLM Kabelindo Murni Tbk Kabelindo Murni Tbk ID1000140809 ZINC Kapuas Prima Coal Tbk Kapuas Prima Coal Tbk ID1000112907 RINA Katarina Utama Tbk Katarina Utama Tbk ID1000072507 KIJA Kawasan Industri Jababeka Tbk Kawasan Industri Jababeka Tbk ID1000083207 KICI Kedaung Indah Can Tbk Kedaung Indah Can Tbk ID1000054703 KDSI Kedawung Setia Industrial Tbk Kedawung Setia Industrial Tbk ID1000088206 KIAS Keramika Indonesia Assosiasi Tbk Keramika Indonesia Assosiasi Tbk

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Table – The ISIN and ticker of companies’ stocks ACTIVELY TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000070303 KAEF Kimia Farma (Persero) Tbk Kimia Farma (Persero) Tbk ID1000136500 KINO Kino Indonesia Tbk Kino Indonesia Tbk ID1000140403 KIOS Kioson Komersial Indonesia Tbk Kioson Komersial Indonesia Tbk ID1000139306 KMTR Kirana Megatara Tbk Kirana Megatara Tbk ID1000071806 KBLI KMI Wire and Cable Tbk KMI Wire and Cable Tbk ID1000123508 KOBX Kobexindo Tractors Tbk Kobexindo Tractors Tbk ID1000110406 KOIN Kokoh Inti Arebama Tbk Kokoh Inti Arebama Tbk ID1000117005 KRAS Krakatau Steel Tbk Krakatau Steel (Persero) Tbk ID1000071103 LAMI Lamicitra Nusantara Tbk Lamicitra Nusantara Tbk ID1000062409 LMPI Langgeng Makmur Industri Tbk Langgeng Makmur Industri Tbk ID1000141906 LCKM LCK Global Kedaton Tbk LCK Global Kedaton Tbk ID1000079007 ITTG Leo Investments Tbk Leo Investments Tbk ID1000071004 LAPD Leyand International Tbk Leyand International Tbk ID1000079403 LMAS Limas Indonesia Makmur Tbk Limas Indonesia Makmur Tbk ID1000131808 LINK Link Net Tbk Link Net Tbk ID1000080302 LPCK Lippo Cikarang Tbk Lippo Cikarang Tbk ID1000068109 LPGI Lippo General Insurance Tbk Lippo General Insurance Tbk ID1000108905 LPKR Lippo Karawaci Tbk Lippo Karawaci Tbk ID1000083801 FPNI Lotte Chemical Titan Tbk Lotte Chemical Titan Tbk ID1000140908 MCAS M Cash Integrasi Tbk M Cash Integrasi Tbk ID1000132103 MGNA Magna Investama Mandiri Tbk Magna Investama Mandiri Tbk ID1000087208 ABBA Mahaka Media Tbk Mahaka Media Tbk ID1000136906 MARI Mahaka Radio Integra Tbk Mahaka Radio Integra Tbk ID1000070709 AKSI Majapahit Inti Corpora Tbk Majapahit Inti Corpora Tbk ID1000140700 MTWI Malacca Trust Wuwungan Insurance Malacca Trust Wuwungan Insurance Tbk Tbk ID1000102304 MFIN Mandala Multifinance Tbk Mandala Multifinance Tbk ID1000053002 TCID Mandom Indonesia Tbk Mandom Indonesia Tbk ID1000139702 MAPB Map Boga Adiperkasa Tbk Map Boga Adiperkasa Tbk ID1000140007 MABA Marga Abhinaya Abadi Tbk Marga Abhinaya Abadi Tbk ID1000140106 MARK Mark Dynamics Indonesia Tbk Mark Dynamics Indonesia Tbk ID1000118102 MBTO Martina Berto Tbk Martina Berto Tbk ID1000082506 MAMI Mas Murni Indonesia Tbk Mas Murni Indonesia Tbk ID2000052903 MAMIP Mas Murni Indonesia Tbk Preferen Mas Murni Indonesia Tbk ID1000056005 MREI Maskapai Reasuransi Indonesia Tbk Maskapai Reasuransi Tbk ID1000113301 LPPF Matahari Department Store Tbk Matahari Department Store Tbk ID1000060007 MYOR Mayora Indah Tbk Mayora Indah Tbk ID1000053705 MEDC Medco Energi Internasional Tbk Medco Energi Internasional Tbk ID1000106206 MNCN Media Nusantara Citra Tbk Media Nusantara Citra Tbk ID1000134307 MMLP Mega Manunggal Property Tbk Mega Manunggal Property Tbk ID1000118003 EMDE Megapolitan Developments Tbk Megapolitan Developments Tbk ID1000139900 MPOW Megapower Makmur Tbk Megapower Makmur Tbk ID1000088800 SCPI Merck Sharp Dohme Pharma Tbk Merck Sharp Dohme Pharma Tbk ID1000134406 MDKA Merdeka Copper Gold Tbk Merdeka Copper Gold Tbk ID1000055007 MTDL Metrodata Electronics Tbk Metrodata Electronics Tbk ID1000112808 MKPI Metropolitan Kentjana Tbk Metropolitan Kentjana Tbk ID1000119308 MTLA Metropolitan Land Tbk Metropolitan Land Tbk ID1000117302 MIDI Midi Utama Indonesia Tbk Midi Utama Indonesia Tbk ID1000072804 SDPC Millennium Pharmacon International Millennium Pharmacon International Tbk Tbk ID1000099807 MAPI Mitra Adiperkasa Tbk Mitra Adiperkasa Tbk ID1000110703 MIRA Mitra International Resources Tbk Mitra International Resources Tbk ID1000135908 MKNT Mitra Komunikasi Nusantara Tbk Mitra Komunikasi Nusantara Tbk ID1000136807 MTRA Mitra Pemuda Tbk Mitra Pemuda Tbk ID1000127202 MPMX Mitra Pinasthika Mustika Tbk Mitra Pinasthika Mustika Tbk ID1000118607 MBSS Mitrabahtera Segara Sejati Tbk Mitrabahtera Segara Sejati Tbk ID1000132400 MBAP Mitrabara Adiperdana Tbk Mitrabara Adiperdana Tbk ID1000069701 BCAP MNC Kapital Indonesia Tbk MNC Kapital Indonesia Tbk ID1000052301 KPIG MNC Land Tbk MNC Land Tbk ID1000123607 MSKY MNC Sky Vision Tbk MNC Sky Vision Tbk ID1000075302 MDLN Modernland Realty Tbk Modernland Realty Tbk

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – The ISIN and ticker of companies’ stocks ACTIVELY TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000060106 MLIA Mulia Industrindo Tbk Mulia Industrindo Tbk ID1000126402 MAGP Multi Agro Gemilang Plantation Tbk Multi Agro Gemilang Plantation Tbk ID1000102809 MICE Multi Indocitra Tbk Multi Indocitra Tbk ID1000086408 LPIN Multi Prima Sejahtera Tbk Multi Prima Sejahtera Tbk ID1000074909 MBAI Multibreeder Adirama Indonesia Tbk Multibreeder Adirama Indonesia Tbk ID1000117906 MFMI Multifiling Mitra Indonesia Tbk Multifiling Mitra Indonesia Tbk ID1000115207 MLPL Multipolar Tbk Multipolar Tbk ID1000128408 MLPT Multipolar Technology Tbk Multipolar Technology Tbk ID1000101207 MASA Multistrada Arah Sarana Tbk Multistrada Arah Sarana Tbk ID1000092604 MRAT Mustika Ratu Tbk Mustika Ratu Tbk ID1000056104 MYOH Myoh Technology Tbk Myoh Technology Tbk ID1000088503 NIPS Nipress Tbk Nipress Tbk ID1000124605 NIRO Nirvana Development Tbk Nirvana Development Tbk ID1000108806 DGIK Nusa Konstruksi Enjiniring Tbk Nusa Konstruksi Enjiniring Tbk ID1000127608 NRCA Nusa Raya Cipta Tbk Nusa Raya Cipta Tbk ID1000104904 META Nusantara Infrastructure Tbk Nusantara Infrastructure Tbk ID1000101108 UNIT Nusantara Inti Corpora Tbk Nusantara Inti Corpora Tbk ID1000138209 PORT Nusantara Pelabuhan Handal Tbk Nusantara Pelabuhan Handal Tbk ID1000096100 OCAP Onix Capital Tbk Onix Capital Tbk ID1000060403 TKIM Pabrik Kertas Tjiwi Kimia Tbk Pabrik Kertas Tjiwi Kimia Tbk ID1000119506 PBRX Pan Brothers Tbk Pan Brothers Tbk ID1000101009 APIC Pan Pacific Internasional Tbk Pan Pacific International Tbk ID1000086507 HDTX Panasia Indo Resources Tbk Panasia Indo Resources Tbk ID1000141401 PBID Panca Budi Idaman Tbk Panca Budi Idaman Tbk ID1000101405 PEGE Panca Global Securities Tbk Panca Global Securities Tbk ID1000082704 PWSI Panca Wiratama Sakti Tbk Panca Wiratama Sakti Tbk ID1000095607 PNLF Panin Financial Tbk Panin Financial Tbk ID1000109200 PANS Panin Sekuritas Tbk Panin Sekuritas Tbk ID1000094907 PNIN Paninvest Tbk Paninvest Tbk ID1000109705 PANR Panorama Sentrawisata Tbk Panorama Sentrawisata Tbk ID1000137904 PBSA Paramita Bangun Sarana Tbk Paramita Bangun Sarana Tbk ID1000088404 PICO Pelangi Indah Canindo Tbk Pelangi Indah Canindo Tbk ID1000113608 NIKL Pelat Timah Nusantara Tbk Pelat Timah Nusantara Tbk ID1000126204 BBRM Pelayaran Nasional Bina Buana Raya Pelayaran Nasional Bina Buana Raya Tbk Tbk ID1000125206 NELY Pelayaran Nelly Dwi Putri Tbk Pelayaran Nelly Dwi Putri Tbk ID1000138803 TAMU Pelayaran Tamarin Samudra Tbk Pelayaran Tamarin Samudra Tbk ID1000103203 TMAS Pelayaran Tempuran Emas Tbk Pelayaran Tempuran Emas Tbk ID1000141203 PSSI Pelita Samudera Shipping Tbk Pelita Samudera Shipping Tbk ID1000090509 PGLI Pembangunan Graha Lestari Indah Pembangunan Graha Lestari Tbk Tbk ID1000103807 PJAA Pembangunan Jaya Ancol Tbk Pembangunan Jaya Ancol Tbk ID1000079809 KONI Perdana Bangun Pusaka Tbk Perdana Bangun Pusaka Tbk ID1000107501 GPRA Perdana Gapuraprima Tbk Perdana Gapuraprima Tbk ID1000106404 PKPK Perdana Karya Perkasa Tbk Perdana Karya Perkasa Tbk ID1000111602 PGAS Perusahaan Gas Negara (Persero) Tbk Perusahaan Gas Negara (Persero) Tbk ID1000075203 RODA Pikko Land Development Tbk Pikko Land Development Tbk ID1000064108 PTSP Pioneerindo Gourmet International Pioneerindo Gourmet International Tbk Tbk ID1000105406 PLIN Plaza Indonesia Realty Tbk Plaza Indonesia Realty Tbk ID1000097306 PLAS Polaris Investama Tbk ID1000090202 ADMG Polychem Indonesia Tbk Polychem Indonesia Tbk ID1000114002 PTPP PP (Persero) Tbk Pembangunan Perumahan (Persero) ID1000141005 PPRE PP Presisi Tbk Pembangunan Perumahan Presisi Tbk ID1000133903 PPRO PP Properti Tbk PP Properti Tbk ID1000090400 PSDN Prasidha Aneka Niaga Tbk Prasidha Aneka Niaga Tbk ID1000102403 PRAS Prima Alloy Steel Universal Tbk Prima Alloy Steel Universal Tbk ID1000141807 PCAR Prima Cakrawala Abadi Tbk Prima Cakrawala Abadi Tbk ID1000075005 BIMA Primarindo Asia Infrastructure Tbk Primarindo Asia Infrastructure Tbk ID1000138001 PRDA Prodia Widyahusada Tbk Prodia Widyahusada Tbk ID1000137607 OASA Protech Mitra Perkasa Tbk Protech Mitra Perkasa Tbk

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Table – The ISIN and ticker of companies’ stocks ACTIVELY TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000125008 PALM Provident Agro Tbk Provident Agro Tbk ID1000080609 PUDP Pudjiadi Prestige Tbk Pudjiadi Prestige Tbk ID1000134109 DMAS Puradelta Lestari Tbk Puradelta Lestari Tbk ID1000075609 PYFA Pyridam Farma Tbk Pyridam Farma Tbk ID1000118805 HDFA Radana Bhaskara Finance Tbk Radana Bhaskara Finance Tbk ID1000103708 RUIS Radiant Utama Interinsco Tbk Radiant Utama Interinsco Tbk ID1000099500 RALS Ramayana Lestari Sentosa Tbk Ramayana Lestari Sentosa Tbk ID1000094808 ARTI Ratu Prabu Energi Tbk Ratu Prabu Energi Tbk ID1000087802 PSKT Red Planet Indonesia Tbk Red Planet Indonesia Tbk ID1000101603 RELI Reliance Sekuritas Indonesia Tbk Reliance Sekuritas Indonesia, Tbk ID1000098601 SQMI Renuka Coalindo Tbk Renuka Coalindo Tbk ID1000114309 KKGI Resource Alam Indonesia Tbk Resource Alam Indonesia Tbk ID1000059801 RICY Ricky Putra Globalindo Tbk Ricky Putra Globalindo Tbk ID1000098809 RIGS Rig Tenders Indonesia Tbk Rig Tenders Indonesia Tbk ID1000062706 RIMO Rimo International Lestari Tbk Rimo International Lestari Tbk ID1000058100 RBMS Ristia Bintang Mahkotasejati Tbk Ristia Bintang Mahkotasejati Tbk ID1000067200 RDTX Roda Vivatex Tbk Roda Vivatex Tbk ID1000094105 RAJA Rukun Raharja Tbk Rukun Raharja Tbk ID1000119100 SIMP Salim Ivomas Pratama Tbk Salim Ivomas Pratama ID1000120900 MYOH Samindo Resources Tbk Samindo Resources Tbk ID1000106107 SGRO Sampoerna Agro Tbk Sampoerna Agro, Tbk ID1000075906 SMDR Samudera Indonesia Tbk Samudera Indonesia Tbk ID1000138506 MINA Sanurhasta Mitra Tbk Sanurhasta Mitra Tbk ID1000126303 SAME Sarana Meditama Metropolitan Tbk Sarana Meditama Metropolitan Tbk ID1000121700 BAJA Saranacentral Bajatama Tbk Saranacentral Bajatama Tbk ID1000126501 HOTL Saraswati Griya Lestari Tbk Saraswati Griya Lestari Tbk ID1000127707 SRTG Saratoga Investama Sedaya Tbk Saratoga Investama Sedaya Tbk ID1000138605 CLEO Sariguna Primatirta Tbk Sariguna Primatirta Tbk ID1000107808 PTSN Sat Nusapersada Tbk Sat Nusapersada Tbk ID1000130008 SSMS Sawit Sumbermas Sarana Tbk Sawit Sumbermas Sarana Tbk ID1000118706 SRAJ Sejahteraraya Anugrahjaya Tbk Sejahteraraya Anugrahjaya Tbk ID1000059702 SKLT Sekar Laut Tbk Sekar Laut Tbk ID1000112105 SIAP Sekawan Intipratama Tbk Sekawan Intipratama Tbk ID1000095409 SMSM Selamat Sempurna Tbk Selamat Sempurna Tbk ID1000127806 SMBR Semen Baturaja (Persero) Tbk Semen Baturaja (Persero) Tbk ID1000106800 SMGR Semen Gresik Tbk Semen Gresik (Persero) Tbk ID1000104201 BKSL Sentul City Tbk Sentul City Tbk ID1000079502 STTP Siantar Top Tbk Siantar Top Tbk ID1000120108 SDMU Sidomulyo Selaras Tbk Sidomulyo Selaras Tbk ID1000099401 SIPD Sierad Produce Tbk Sierad Produce Tbk ID1000065303 TMPI Sigmagold Inti Perkasa Tbk Sigmagold Inti Perkasa Tbk ID1000137102 SHIP Sillo Maritime Perdana Tbk Sillo Maritime Perdana Tbk ID1000129208 SILO Siloam International Hospitals Tbk Siloam International Hospitals Tbk ID1000101504 SMAR Sinar Mas Agro Resources and Sinar Mas Agro Resources and Technology Technology Tbk Tbk (SMART Tbk) ID1000094501 SMMA Sinar Mas Multiartha Tbk Sinar Mas Multiartha Tbk ID1000132202 TARA Sitara Propertindo Tbk Sitara Propertindo Tbk ID1000063902 SIMA Siwani Makmur Tbk Siwani Makmur Tbk ID1000115801 SKYB Skybee Tbk Skybee Tbk ID1000120801 SMRU Smr Utama Tbk Smr Utama Tbk ID1000132905 SOCI Soechi Lines Tbk Soechi Lines Tbk ID1000120702 SUPR Solusi Tunas Pratama Tbk Solusi Tunas Pratama Tbk ID1000052202 SONA Sona Topas Tourism Industry Tbk Sona Topas Tourism Industry Tbk ID1000106909 SOBI Sorini Agro Asia Corporindo Tbk Sorini Agro Asia Corporindo Tbk ID1000127400 SRIL Sri Rejeki Isman Tbk Sri Rejeki Isman Tbk ID1000100902 LPLI Star Pacific Tbk Star Pacific Tbk ID1000120306 STAR Star Petrochem Tbk Star Petrochem Tbk ID1000067309 SAFE Steady Safe Tbk Steady Safe Tbk ID1000126709 ISSP Steel Pipe Industry of Indonesia Tbk Steel Pipe Industry of Indonesia Tbk ID1000092000 SUGI Sugih Energy Tbk Sugih Energy Tbk ID1000088909 SULI Sumalindo Lestari Jaya Tbk Sumalindo Lestari Jaya Tbk

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – The ISIN and ticker of companies’ stocks ACTIVELY TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000089105 ITMA Sumber Energi Andalan Tbk Sumber Energi Andalan Tbk ID1000083009 IKBI Sumi Indo Kabel Tbk Sumi Indo Kabel Tbk ID1000092406 SMRA Summarecon Agung Tbk Summarecon Agung Tbk ID1000081508 SSTM Sunson Textile Manufacturer Tbk Sunson Textile Manufacturer Tbk ID1000054307 SPMA Suparma Tbk Suparma Tbk ID1000122906 RANC Supra Boga Lestari Tbk Supra Boga Lestari Tbk ID1000080906 SCCO Supreme Cable Manufacturing and Supreme Cable Manufacturing and Comm Commerce Tbk Tbk ID1000122203 ESSA Surya Esa Perkasa Tbk Surya Esa Perkasa Tbk ID1000072903 SIMM Surya Intrindo Makmur Tbk Surya Intrindo Makmur Tbk ID1000110109 SIIP Suryainti Permata Tbk Suryainti Permata Tbk ID1000067408 SMDM Suryamas Dutamakmur Tbk Suryamas Dutamakmur Tbk ID2000069907 SQBI Taisho Pharmaceutical Indonesia Tbk Taisho Pharmaceutical Indonesia Tbk Seri A ID1000070006 SQBB Taisho Pharmaceutical Indonesia Tbk Taisho Pharmaceutical Indonesia Tbk Seri B ID1000094006 PTBA Tambang Batubara Bukit Asam Tambang Batubara Bukit Asam (Persero) Tbk (Persero) Tbk ID1000066400 TBMS Tembaga Mulia Semanan Tbk Tembaga Mulia Semanan Tbk ID1000064801 TMPO Tempo Inti Media Tbk Tempo Inti Media Tbk ID1000104508 TSPC Tempo Scan Pacific Tbk Tempo Scan Pacific Tbk ID1000138902 TGRA Terregra Asia Energy Tbk Terregra Asia Energy Tbk ID1000120504 TIFA Tifa Finance Tbk Tifa Finance ID1000054802 TFCO Tifico Fiber Indonesia Tbk Tifico Fiber Indonesia Tbk ID1000087901 AISA Tiga Pilar Sejahtera Food Tbk Tiga Pilar Sejahtera Food Tbk ID1000102106 TGKA Tigaraksa Satria Tbk Tigaraksa Satria Tbk ID1000111800 TINS Timah Tbk Timah (Persero) Tbk ID1000122104 TELE Tiphone Mobile Indonesia Tbk Tiphone Mobile Indonesia Tbk ID1000061005 TIRA Tira Austenite Tbk Tira Austenite Tbk ID1000053408 TIRT Tirta Mahakam Resources Tbk Tirta Mahakam Resources Tbk ID1000123409 TOBA Toba Bara Sejahtra Tbk Toba Bara Sejahtra Tbk ID1000094303 INRU Toba Pulp Lestari Tbk Toba Pulp Lestari Tbk ID1000104003 TOTL Total Bangun Persada Tbk Total Bangun Persada Tbk ID1000139207 TOPS Totalindo Eka Persada Tbk Totalindo Eka Persada Tbk ID1000116908 TBIG Tower Bersama Infrastructure Tbk Tower Bersama Infrastructure Tbk ID1000111909 TRAM Trada Alam Minera Tbk Trada Alam Minera Tbk ID1000126600 TPMA Trans Power Marine Tbk Trans Power Marine Tbk ID1000123805 ALTO Tri Banyan Tirta Tbk Tri Banyan Tirta Tbk ID1000059009 TRST Trias Sentosa Tbk Trias Sentosa Tbk ID1000112501 TRIO Trikomsel Oke Tbk Trikomsel Oke Tbk ID1000052608 TRIM Trimegah Securities Tbk Trimegah Sekuritas Indonesia Tbk ID1000123102 TRIS Trisula International Tbk Trisula International Tbk ID1000140502 BELL Trisula Textile Industries Tbk Trisula Textile Industries Tbk ID1000109408 TRIL Triwira Insanlestari Tbk Triwira Insanlestari Tbk ID1000104706 TRUB Truba Alam Manunggal Engineering Truba Alam Manunggal Engineering Tbk Tbk ID1000130107 TALF Tunas Alfin Tbk Tunas Alfin Tbk ID1000076706 TBLA Tunas Baru Lampung Tbk Tunas Baru Lampung Tbk ID1000115405 TURI Tunas Ridean Tbk Tunas Ridean Tbk ID1000063100 ULTJ Ultrajaya Milk Industry and Trading Ultrajaya Milk Industry & Trading Company Company Tbk Tbk ID1000058704 UNIC Unggul Indah Cahaya Tbk Unggul Indah Cahaya Tbk ID1000095706 UNVR Unilever Indonesia Tbk Unilever Indonesia Tbk ID1000058407 UNTR United Tractors Tbk United Tractor Tbk ID1000085301 UNTX Unitex Tbk Unitex Tbk ID1000109309 INCO Vale Indonesia Tbk Vale Indonesia Tbk ID1000111008 VRNA Verena Multi Finance Tbk Verena Multi Finance Tbk ID1000135601 VINS Victoria Insurance Tbk Victoria Insurance Tbk ID1000128002 VICO Victoria Investama Tbk Victoria Investama Tbk ID1000121304 VIVA Visi Media Asia Tbk Visi Media Asia Tbk ID1000116205 GOLD Visi Telekomunikasi Infrastruktur Tbk Visi Telekomunikasi Infrastruktur Tbk

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Table – The ISIN and ticker of companies’ stocks ACTIVELY TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000083900 VOKS Voksel Electric Tbk Voksel Electric Tbk ID1000100209 WOMF Wahana Ottomitra Multiartha Tbk Wahana Ottomitra Multiartha Tbk ID1000070204 WAPO Wahana Pronatural Tbk Wahana Pronatural Tbk ID1000137706 WSBP Waskita Beton Precast Tbk Waskita Beton Precast Tbk ID1000126105 WSKT Waskita Karya (Persero) Tbk Waskita Karya (Persero) ID1000105901 WEHA Weha Transportasi Indonesia Tbk Weha Transportasi Indonesia Tbk ID1000066301 WICO Wicaksana Overseas International Tbk Wicaksana Overseas International Tbk ID1000107600 WIKA Wijaya Karya (Persero) Tbk Wijaya Karya (Persero) Tbk ID1000141104 WEGE Wijaya Karya Bangunan Gedung Tbk Wijaya Karya Bangunan Gedung Tbk ID1000131105 WTON Wijaya Karya Beton Tbk Wijaya Karya Beton ID1000117500 WINS Wintermar Offshore Marine Tbk Wintermar Offshore Marine Tbk ID1000126006 WIIM Wismilak Inti Makmur Tbk Wismilak Inti Makmur Tbk ID1000102502 EXCL XL Axiata Tbk Xl Axiata Tbk ID1000109804 YPAS Yanaprima Hastapersada Tbk Yanaprima Hastapersada Tbk ID1000100100 YULE Yulie Sekuritas Indonesia Tbk Yulie Sekuritas Indonesia Tbk ID1000055502 ZBRA Zebra Nusantara Tbk Zebra Nusantara Tbk

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

The ISIN and ticker of companies whose stocks are NO TRADED on the IDX, Feb. 2018 Table 4 – The ISIN and ticker of companies whose stocks are NO TRADED on the IDX, Feb. 2018

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Table – The ISIN and ticker of companies whose stocks are NO TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000108004 ACES Ace Hardware Indonesia Tbk Ace Hardware Indonesia Tbk ID1000051303 ADFO Adindo Foresta Indonesia Tbk Adindo Foresta Indonesia Tbk ID1000051600 TMPI AGIS Tbk AGIS Tbk ID1000019300 ADES Akasha Wira International Tbk Akasha Wira International Tbk ID1000089501 AKRA AKR Corporindo Tbk AKR Corporindo Tbk ID1000020902 AKRA AKR Corporindo Tbk AKR Corporindo Tbk ID1000010002 ALKA Alakasa Industrindo Tbk Alakasa Industrindo Tbk ID1000028301 ALDI Alter Abadi Tbk Alter Abadi Tbk ID1000087406 ALDI Alter Abadi Tbk Alter Abadi Tbk ID1000028004 ALMI Alumindo Light Metal Industry Tbk Alumindo Light Metal Industry Tbk ID1000060502 ANTM Aneka Tambang Tbk Aneka Tambang Tbk ID1000042005 ANTM Aneka Tambang Tbk Aneka Tambang Tbk ID1000048002 MYTX Apac Citra Centertex Tbk Apac Citra Centertex Tbk ID1000006307 AQUA Aqua Golden Mississippi Tbk Aqua Golden Mississippi Tbk ID1000015704 AKPI Argha Karya Prima Industry Tbk Argha Karya Prima Industry Tbk ID1000034309 AKPI Argha Karya Prima Industry Tbk Argha Karya Prima Industry Tbk ID1000041007 ARGO Argo Pantes Tbk Argo Pantes Tbk ID1000012701 ARGO Argo Pantes Tbk Argo Pantes Tbk ID1000101306 APOL Arpeni Pratama Ocean Line Tbk Arpeni Pratama Ocean Line Tbk ID1000113103 ARNA Arwana Citramulia Tbk Arwana Citramulia Tbk ID1000070907 ARNA Arwana Citramulia Tbk Arwana Citramulia Tbk ID1000024805 AMFG Asahimas Flat Glass Tbk Asahimas Flat Glass Tbk ID1000064702 ASIA Asia Natural Resources Tbk Asia Natural Resources Tbk ID1000054604 ASIA Asia Natural Resources Tbk Asia Natural Resources Tbk ID1000021405 ASIA Asia Natural Resources Tbk Asia Natural Resources Tbk ID1000035108 ASIA Asia Natural Resources Tbk Asia Natural Resources Tbk ID1000089006 POLY Asia Pacific Fibers Tbk Asia Pacific Fibers Tbk ID1000013006 POLY Asia Pacific Fibers Tbk Asia Pacific Fibers Tbk ID1000044506 POLY Asia Pacific Fibers Tbk Asia Pacific Fibers Tbk ID1000003809 MYTX Asia Pacific Investama Tbk Asia Pacific Investama Tbk ID1000052707 APLI Asiaplast Industries Tbk Asiaplast Industries Tbk ID1000084007 ASTR Aster Dharma Industri Tbk Aster Dharma Industri Tbk ID1000006802 ASTR Aster Dharma Industri Tbk Aster Dharma Industri Tbk ID1000046808 ASTR Aster Dharma Industri Tbk Aster Dharma Industri Tbk ID1000042203 AALI Astra Agro Lestari Tbk Astra Agro Lestari Tbk ID1000051907 ASGR Astra Graphia Tbk Astra Graphia Tbk ID1000005101 ASGR Astra Graphia Tbk Astra Graphia Tbk ID1000043607 ASGR Astra Graphia Tbk Astra Graphia Tbk ID1000057607 ASII Astra International Tbk Astra International Tbk ID1000038805 ASII Astra International Tbk Astra International Tbk ID1000007305 ASII Astra International Tbk Astra International Tbk ID1000044902 AUTO Astra Otoparts Tbk Astra Otoparts Tbk ID1000002603 ABDA Asuransi Bina Dana Arta Tbk Asuransi Bina Dana Arta Tbk ID1000027303 ABDA Asuransi Bina Dana Arta Tbk Asuransi Bina Dana Arta Tbk ID1000005408 ASBI Asuransi Bintang Tbk Asuransi Bintang Tbk ID1000005804 ASDM Asuransi Dayin Mitra Tbk Asuransi Dayin Mitra Tbk ID1000039100 ASDM Asuransi Dayin Mitra Tbk Asuransi Dayin Mitra Tbk ID1000011901 AHAP Asuransi Harta Aman Pratama Tbk Asuransi Harta Aman Pratama Tbk ID1000056906 AHAP Asuransi Harta Aman Pratama Tbk Asuransi Harta Aman Pratama Tbk ID1000096704 ASJT Asuransi Jasa Tania Tbk Asuransi Jasa Tania Tbk ID1000006703 ASRM Asuransi Ramayana Tbk Asuransi Ramayana Tbk ID1000056807 BASS Bahtera Adimina Samudra Tbk Bahtera Adimina Samudra Tbk ID1000050404 BASS Bahtera Adimina Samudra Tbk Bahtera Adimina Samudra Tbk ID1000003205 BNBR Bakrie and Brothers Tbk Bakrie & Brothers Tbk ID1000058001 BNBR Bakrie and Brothers Tbk Bakrie & Brothers Tbk

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Table â&#x20AC;&#x201C; The ISIN and ticker of companies whose stocks are NO TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000061609 UNSP Bakrie Sumatera Plantations Tbk Bakrie Sumatera Plantations Tbk ID1000044407 ELTY Bakrieland Development Tbk Bakrieland Development Tbk ID1000024508 ELTY Bakrieland Development Tbk Bakrieland Development Tbk ID1000131006 BALI Bali Towerindo Sentra Tbk Bali Towerindo Sentra Tbk ID1000101801 INPC Bank Artha Graha Internasional Tbk Bank Artha Graha Internasional Tbk ID1000047707 INPC Bank Artha Graha Internasional Tbk Bank Artha Graha Internasional Tbk ID1000080500 INPC Bank Artha Graha Internasional Tbk Bank Artha Graha Internasional Tbk ID1000011505 INPC Bank Artha Graha Internasional Tbk Bank Artha Graha Internasional Tbk ID1000069404 BBCA Bank Central Asia Tbk Bank Central Asia Tbk ID1000053200 BBCA Bank Central Asia Tbk Bank Central Asia Tbk ID1000066905 BNGA Bank CIMB Niaga Tbk Bank CIMB Niaga Tbk ID1000039001 BNGA Bank CIMB Niaga Tbk Bank CIMB Niaga Tbk ID1000005507 BNGA Bank CIMB Niaga Tbk Bank CIMB Niaga Tbk ID1000045909 BNGA Bank CIMB Niaga Tbk Bank CIMB Niaga Tbk ID1000053606 BDMN Bank Danamon Indonesia Tbk Bank Danamon Tbk ID1000035801 BDMN Bank Danamon Indonesia Tbk Bank Danamon Tbk ID1000109101 BAEK Bank Ekonomi Raharja Tbk Bank Ekonomi Raharja Tbk ID1000042708 BGIN Bank Global Internasional Tbk Bank Global Internasional Tbk ID1000069602 BNII Bank Internasional Indonesia Tbk Bank Internasional Indonesia Tbk ID1000091002 BNII Bank Internasional Indonesia Tbk Bank Internasional Indonesia Tbk ID1000005200 BNII Bank Internasional Indonesia Tbk Bank Internasional Indonesia Tbk ID1000026305 BNII Bank Internasional Indonesia Tbk Bank Internasional Indonesia Tbk ID1000055403 BCIC Bank JTrust Indonesia Tbk Bank JTrust Indonesia Tbk ID1000038706 MAYA Bank Mayapada Internasional Tbk Bank Mayapada Internasional Tbk ID1000061807 BBNI Bank Negara Indonesia Tbk Bank Negara Indonesia (Persero) Tbk ID1000026206 BBNI Bank Negara Indonesia Tbk Bank Negara Indonesia (Persero) Tbk ID1000045800 BBNI Bank Negara Indonesia Tbk Bank Negara Indonesia (Persero) Tbk ID1000021504 NISP Bank OCBC NISP Tbk Bank OCBC NISP Tbk ID1000062300 NISP Bank OCBC NISP Tbk Bank OCBC NISP Tbk ID1000057300 PNBN Bank Pan Indonesia Tbk Bank Pan Indonesia Tbk ID1000034804 PNBN Bank Pan Indonesia Tbk Bank Pan Indonesia Tbk ID1000001407 PNBN Bank Pan Indonesia Tbk Bank Pan Indonesia Tbk ID1000040900 BNLI Bank Permata Tbk Bank Permata Tbk ID1000093404 BNLI Bank Permata Tbk Bank Permata Tbk ID1000093107 BNLI Bank Permata Tbk Bank Permata Tbk ID1000058308 BNLI Bank Permata Tbk Bank Permata Tbk ID1000096001 BBRI Bank Rakyat Indonesia (Persero) Tbk Bank Rakyat Indonesia (Persero) Tbk ID1000109903 BTPN Bank Tabungan Pensiunan Nasional Bank Tabungan Pensiunan Nasional Tbk Tbk ID1000093800 BBIA Bank UOB Buana Tbk Bank UOB Buana ID1000048507 BVIC Bank Victoria International Tbk Bank Victoria International Tbk ID1000017205 BRPT Barito Pacific Tbk Barito Pacific Tbk ID1000004302 BAYU Bayu Buana Tbk Bayu Buana Tbk ID1000006505 RMBA Bentoel International Investama Tbk Bentoel Internasional Investama Tbk ID1000038201 RMBA Bentoel International Investama Tbk Bentoel Internasional Investama Tbk ID1000116502 BRAU Berau Coal Energy Tbk Berau Coal Energy Tbk ID1000062904 BLTA Berlian Laju Tanker Tbk Berlian Laju Tanker Tbk ID1000081409 BLTA Berlian Laju Tanker Tbk Berlian Laju Tanker Tbk ID1000006901 BLTA Berlian Laju Tanker Tbk Berlian Laju Tanker Tbk ID1000028202 BLTA Berlian Laju Tanker Tbk Berlian Laju Tanker Tbk ID1000004500 BRNA Berlina Tbk Berlina Tbk ID1000111503 BRNA Berlina Tbk Berlina Tbk ID1000057409 BRNA Berlina Tbk Berlina Tbk ID1000008501 BFIN BFI Finance Indonesia Tbk BFI Finance Indonesia Tbk ID1000032402 BFIN BFI Finance Indonesia Tbk BFI Finance Indonesia Tbk ID1000026800 BIPP Bhuwanatala Indah Permai Tbk Bhuwanatala Indah Permai Tbk ID1000050909 BMSR Bintang Mitra Semestaraya Tbk Bintang Mitra Semestaraya Tbk ID1000089907 BMRA Bintuni Minaraya Tbk Bintuni Minaraya Tbk ID1000047905 BMRA Bintuni Minaraya Tbk Bintuni Minaraya Tbk ID1000048705 BBLD Buana Finance Tbk Buana Finance Tbk ID1000007701 BBLD Buana Finance Tbk Buana Finance Tbk

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table â&#x20AC;&#x201C; The ISIN and ticker of companies whose stocks are NO TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000075500 BBLD Buana Finance Tbk Buana Finance Tbk ID1000118904 BULL Buana Listya Tama Tbk Buana Listya Tama Tbk ID1000023302 BUDI Budi Acid Jaya Tbk Budi Acid Jaya Tbk ID1000049703 BUDI Budi Starch and Sweetener Tbk Budi Starch & Sweetener Tbk ID1000022700 BUKK Bukaka Teknik Utama Tbk Bukaka Teknik Utama Tbk ID1000080807 BUKK Bukaka Teknik Utama Tbk Bukaka Teknik Utama Tbk ID1000039803 BUMI Bumi Resources Tbk Bumi Resources Tbk ID1000010705 BUMI Bumi Resources Tbk Bumi Resources Tbk ID1000048200 CKRA Cakra Mineral Tbk Cakra Mineral Tbk ID1000088602 MTFN Capitalinc Investment Tbk Capitalinc Investment Tbk ID1000094600 MTFN Capitalinc Investment Tbk Capitalinc Investment Tbk ID1000007503 MTFN Capitalinc Investment Tbk Capitalinc Investment Tbk ID2000000209 CNTX Centex Tbk Seri A Preferen Century Textile Industry Tbk ID2000072109 CNTX Centex Tbk Seri A Preferen Century Textile Industry Tbk ID1000065204 CNTB Centex Tbk Seri B Company Listing Century Textile Industry Tbk ID1000091903 DKFT Central Omega Resources Tbk Central Omega Resources Tbk ID1000041700 DKFT Central Omega Resources Tbk Central Omega Resources Tbk ID1000012206 IGAR Champion Pacific Indonesia Tbk Champion Pacific Indonesia Tbk ID1000048903 IGAR Champion Pacific Indonesia Tbk Champion Pacific Indonesia Tbk ID1000013105 CPIN Charoen Pokphand Indonesia Tbk Charoen Pokphand Indonesia Tbk ID1000034903 CPIN Charoen Pokphand Indonesia Tbk Charoen Pokphand Indonesia Tbk ID1000062003 CPIN Charoen Pokphand Indonesia Tbk Charoen Pokphand Indonesia Tbk ID1000065105 CPIN Charoen Pokphand Indonesia Tbk Charoen Pokphand Indonesia Tbk ID1000107709 CPIN Charoen Pokphand Indonesia Tbk Charoen Pokphand Indonesia Tbk ID1000058803 CTRA Ciputra Development Tbk Ciputra Development Tbk ID1000018708 CTRA Ciputra Development Tbk Ciputra Development Tbk ID1000060205 CTRS Ciputra Surya Tbk Ciputra Surya Tbk ID1000047509 CTRS Ciputra Surya Tbk Ciputra Surya Tbk ID1000025208 CTTH Citatah Tbk Citatah Tbk ID1000128101 CPGT Citra Maharlika Nusantara Corpora Citra Maharlika Nusantara Corpora Tbk Tbk ID1000022809 CMNP Citra Marga Nusaphala Persada Tbk Citra Marga Nusaphala Persada Tbk ID1000085806 CTBN Citra Tubindo Tbk Citra Tubindo Tbk ID1000005309 CTBN Citra Tubindo Tbk Citra Tubindo Tbk ID1000053507 CFIN Clipan Finance Indonesia Tbk Clipan Finance Indonesia Tbk ID1000011604 CFIN Clipan Finance Indonesia Tbk Clipan Finance Indonesia Tbk ID1000047103 CFIN Clipan Finance Indonesia Tbk Clipan Finance Indonesia Tbk ID1000091705 MACO Courts Indonesia Tbk Courts Indonesia Tbk ID1000053101 DEFI Danasupra Erapacific Tbk Danasupra Erapacific Tbk ID1000075708 DVLA Darya - Varia Laboratoria Tbk Darya-Varia Laboratoria Tbk ID1000021702 DVLA Darya - Varia Laboratoria Tbk Darya-Varia Laboratoria Tbk ID1000100308 DAVO Davomas Abadi Tbk Davomas Abadi Tbk ID1000022601 DAVO Davomas Abadi Tbk Davomas Abadi Tbk ID1000090004 DGSA Daya Guna Samudera Tbk Daya Guna Samudera Tbk ID1000026107 DGSA Daya Guna Samudera Tbk Daya Guna Samudera Tbk ID1000050008 DSUC Daya Sakti Unggul Corporation Tbk Daya Sakti Unggul Corporation Tbk ID1000076102 DSUC Daya Sakti Unggul Corporation Tbk Daya Sakti Unggul Corporation Tbk ID1000033400 DSUC Daya Sakti Unggul Corporation Tbk Daya Sakti Unggul Corporation Tbk ID1000097702 KARK Dayaindo Resources International Tbk Dayaindo Resources International Tbk ID1000071301 KARK Dayaindo Resources International Tbk Dayaindo Resources International Tbk ID1000040405 DMAD Deemade Karya Indonesia Tbk Deemade Karya Indonesia Tbk ID1000085905 DLTA Delta Djakarta Tbk Delta Djakarta Tbk ID1000001902 DLTA Delta Djakarta Tbk Delta Djakarta Tbk ID1000069800 DOID Delta Dunia Makmur Tbk Delta Dunia Makmur Tbk ID1000052004 DSFI Dharma Samudera Fishing Industries Dharma Samudera Fishing Industries Tbk Tbk ID1000127301 DSNG Dharma Satya Nusantara Tbk Dharma Satya Nusantara Tbk ID1000008006 DART Duta Anggada Realty Tbk Duta Anggada Realty Tbk ID1000036908 DART Duta Anggada Realty Tbk Duta Anggada Realty Tbk ID1000058605 DPNS Duta Pertiwi Nusantara Duta Pertiwi Nusantara Tbk ID1000010903 DPNS Duta Pertiwi Nusantara Duta Pertiwi Nusantara Tbk

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Table â&#x20AC;&#x201C; The ISIN and ticker of companies whose stocks are NO TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000047004 DPNS Duta Pertiwi Nusantara Duta Pertiwi Nusantara Tbk ID1000021603 DUTI Duta Pertiwi Tbk Duta Pertiwi Tbk ID1000051808 SMMT Eatertainment International Tbk Eatertainment International Tbk ID1000053903 EDJSA Eka Dharma Jaya Sakti Eka Dharma Jaya Sakti ID1000074800 EKAD Ekadharma International Tbk Ekadharma International Tbk ID1000011109 EKAD Ekadharma International Tbk Ekadharma International Tbk ID1000049000 EKAD Ekadharma International Tbk Ekadharma International Tbk ID1000039704 EPMT Enseval Putera Megatrading Tbk Enseval Putera Megatrading Tbk ID1000049208 EPMT Enseval Putera Megatrading Tbk Enseval Putera Megatrading Tbk ID1000069305 EPMT Enseval Putera Megatrading Tbk Enseval Putera Megatrading Tbk ID1000020209 EPMT Enseval Putera Megatrading Tbk Enseval Putera Megatrading Tbk ID1000028509 GSMF Equity Development Investment Tbk Equity Development Investment Tbk ID1000003908 GSMF Equity Development Investment Tbk Equity Development Investment Tbk ID1000011406 ERTX Eratex Djaja Tbk Eratex Djaja Tbk ID1000041601 ERTX Eratex Djaja Tbk Eratex Djaja Tbk ID1000034507 ETWA Eterindo Wahanatama Tbk Eterindo Wahanatama Tbk ID1000055304 ESTI Ever Shine Textile Industry Ever Shine Tex Tbk ID1000015308 ESTI Ever Shine Textile Industry Ever Shine Tex Tbk ID1000078009 CNKO Exploitasi Energi Indonesia Tbk Exploitasi Energi Indonesia Tbk ID1000049406 FASW Fajar Surya Wisesa Tbk Fajar Surya Wisesa Tbk ID1000022304 FASW Fajar Surya Wisesa Tbk Fajar Surya Wisesa Tbk ID1000060809 FAST Fast Food Indonesia Tbk Fast Food Indonesia Tbk ID1000016405 FAST Fast Food Indonesia Tbk Fast Food Indonesia Tbk ID1000055908 FMII Fortune Mate Indonesia Tbk Fortune Mate Indonesia Tbk ID1000008105 GJTL Gajah Tunggal Tbk Gajah Tunggal Tbk ID1000040603 GJTL Gajah Tunggal Tbk Gajah Tunggal Tbk ID1000065501 BMTR Global Mediacom Tbk Global Mediacom Tbk ID1000023708 BMTR Global Mediacom Tbk Global Mediacom Tbk ID1000064603 SMMT Golden Eagle Energy Tbk Golden Eagle Energy Tbk ID1000000607 GDYR Goodyear Indonesia Tbk Goodyear Indonesia Tbk ID1000023203 GMCW Grahamas Citrawisata Tbk Grahamas Citrawisata Tbk ID1000012305 GGST Great Golden Star Tbk Great Golden Star Tbk ID1000004401 GRIV Great River International Tbk Great River International Tbk ID1000085004 GRIV Great River International Tbk Great River International Tbk ID1000011703 GGRM Gudang Garam Tbk Gudang Garam Tbk ID1000026503 HMSP Hanjaya Mandala Sampoerna Tbk Hanjaya Mandala Sampoerna Tbk ID1000011208 HMSP Hanjaya Mandala Sampoerna Tbk Hanjaya Mandala Sampoerna Tbk ID1000071707 HMSP Hanjaya Mandala Sampoerna Tbk Hanjaya Mandala Sampoerna Tbk ID1000047202 MYRX Hanson International Tbk Hanson International Tbk ID1000012107 MYRX Hanson International Tbk Hanson International Tbk ID1000044605 MYRX Hanson International Tbk Hanson International Tbk ID1000097603 HADE HD Capital Tbk HD Capital Tbk ID1000003106 HERO Hero Supermarket Tbk Hero Supermarket Tbk ID1000069206 HERO Hero Supermarket Tbk Hero Supermarket Tbk ID1000023104 HEXA Hexindo Adiperkasa Tbk Hexindo Adiperkasa Tbk ID1000067002 HEXA Hexindo Adiperkasa Tbk Hexindo Adiperkasa Tbk ID1000091804 HEXA Hexindo Adiperkasa Tbk Hexindo Adiperkasa Tbk ID1000036809 SMCB Holcim Indonesia Tbk Holcim Indonesia Tbk ID1000008204 SHID Hotel Sahid Jaya International Tbk Hotel Sahid Jaya International Tbk ID1000102700 HITS Humpuss Intermoda Transportasi Tbk Humpuss Intermoda Transportasi Tbk ID1000042302 HITS Humpuss Intermoda Transportasi Tbk Humpuss Intermoda Transportasi Tbk ID1000061500 HITS Humpuss Intermoda Transportasi Tbk Humpuss Intermoda Transportasi Tbk ID1000022502 KARW ICTSI Jasa Prima Tbk ICTSI Jasa Prima Tbk ID1000010309 INKP Indah Kiat Pulp And Paper Tbk Indah Kiat Pulp & Paper Tbk ID1000083108 INAI Indal Aluminium Industry Tbk Indal Aluminium Industry Tbk ID1000034606 INAI Indal Aluminium Industry Tbk Indal Aluminium Industry Tbk ID1000022007 INAI Indal Aluminium Industry Tbk Indal Aluminium Industry Tbk ID1000072200 SRSN Indo Acidatama Tbk Indo Acidatama Tbk ID1000016009 SRSN Indo Acidatama Tbk Indo Acidatama Tbk ID1000005903 INCF Indo Komoditi Korpora Tbk Indo Komoditi Korpora Tbk ID1000011802 BRAM Indo Kordsa Tbk Indo Kordsa Tbk

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table â&#x20AC;&#x201C; The ISIN and ticker of companies whose stocks are NO TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000038607 BRAM Indo Kordsa Tbk Indo Kordsa Tbk ID1000009509 CPDW Indo Setu Bara Resources Tbk Indo Setu Bara Resources Tbk ID1000005606 INTP Indocement Tunggal Prakarsa Tbk Indocement Tunggal Prakarsa Tbk ID1000019904 INDF Indofood Sukses Makmur Tbk Indofood Sukses Makmur Tbk ID1000039407 INDF Indofood Sukses Makmur Tbk Indofood Sukses Makmur Tbk ID1000017700 IMAS Indomobil Sukses Internasional Tbk Indomobil Sukses Internasional Tbk ID1000075807 IMAS Indomobil Sukses Internasional Tbk Indomobil Sukses Internasional Tbk ID1000043904 IMAS Indomobil Sukses Internasional Tbk Indomobil Sukses Internasional Tbk ID1000020605 OMRE Indonesia Prima Property Tbk Indonesia Prima Property Tbk ID1000010804 INDR Indo-Rama Synthetics Tbk Indorama Synthetics Tbk ID1000026909 INDR Indo-Rama Synthetics Tbk Indorama Synthetics Tbk ID1000021306 ISAT Indosat Tbk Indosat Tbk ID1000057102 ISAT Indosat Tbk Indosat Tbk ID1000099203 IDKM Indosiar Karya Media Tbk Indosiar Karya Media Tbk ID1000011000 INDS Indospring Tbk Indospring Tbk ID1000077001 IATG Infoasia Teknologi Global Tbk Infoasia Teknologi Global Tbk ID1000112709 INVS Inovisi Infracom Tbk Inovisi Infracom Tbk ID1000046709 INCI Intanwijaya Internasional Tbk Intan Wijaya Internasional Tbk ID1000010507 INCI Intanwijaya Internasional Tbk Intan Wijaya Internasional Tbk ID1000033806 INTD Inter Delta Tbk Inter Delta Tbk ID1000006000 INTD Inter Delta Tbk Inter Delta Tbk ID1000092901 IIKP Inti Agri Resources Tbk Inti Agri Resources Tbk ID1000035207 IKAI Intikeramik Alamasri Industri Tbk Intikeramik Alamasri Industri Tbk ID1000014202 DILD Intiland Development Tbk Intiland Development Tbk ID1000043409 DILD Intiland Development Tbk Intiland Development Tbk ID1000080401 DILD Intiland Development Tbk Intiland Development Tbk ID1000032808 INTA Intraco Penta Tbk Intraco Penta Tbk ID1000060304 INTA Intraco Penta Tbk Intraco Penta Tbk ID1000016900 INTA Intraco Penta Tbk Intraco Penta Tbk ID1000055809 INTA Intraco Penta Tbk Intraco Penta Tbk ID1000101702 ICON Island Concepts Indonesia Tbk Island Concepts Indonesia Tbk ID1000056609 JAKA Jaka Inti Realtindo Tbk Jaka Inti Realtindo Tbk ID1000089808 JAKA Jaka Inti Realtindo Tbk Jaka Inti Realtindo Tbk ID1000002108 JIHD Jakarta International Hotels and Jakarta International Hotels and Development Development Tbk Tbk ID1000081706 JIHD Jakarta International Hotels and Jakarta International Hotels and Development Development Tbk Tbk ID1000037500 JKSW Jakarta Kyoei Steel Works Tbk Jakarta Kyoei Steel Works Tbk ID1000043102 JSPT Jakarta Setiabudi Internasional Tbk Jakarta Setiabudi Internasional Tbk ID1000085202 JPFA JAPFA Comfeed Indonesia Tbk Japfa Comfeed Indonesia Tbk ID1000004005 JPFA JAPFA Comfeed Indonesia Tbk Japfa Comfeed Indonesia Tbk ID1000091606 JASS Jasa Angkasa Semesta Tbk Jasa Angkasa Semesta Tbk ID1000087109 JTPE Jasuindo Tiga Perkasa Tbk Jasuindo Tiga Perkasa Tbk ID1000108202 JKON Jaya Konstruksi Manggala Pratama Jaya Konstruksi Manggala Pratama Tbk Tbk ID1000002900 JPRS Jaya Pari Steel Tbk Jaya Pari Steel Tbk ID1000040504 JPRS Jaya Pari Steel Tbk Jaya Pari Steel Tbk ID1000057706 JPRS Jaya Pari Steel Tbk Jaya Pari Steel Tbk ID1000019607 JRPT Jaya Real Property Tbk Jaya Real Property Tbk ID1000015407 JECC Jembo Cable Company Tbk Jembo Cable Company Tbk ID1000039209 JECC Jembo Cable Company Tbk Jembo Cable Company Tbk ID1000014707 KBLM Kabelindo Murni Tbk Kabelindo Murni Tbk ID1000013808 KLBF Kalbe Farma Tbk Kalbe Farma Tbk ID1000096803 KLBF Kalbe Farma Tbk Kalbe Farma Tbk ID1000062805 KLBF Kalbe Farma Tbk Kalbe Farma Tbk ID1000049505 KLBF Kalbe Farma Tbk Kalbe Farma Tbk ID1000084304 GDWU Kasogi Internasional Tbk Kasogi Internasional Tbk ID1000038904 GDWU Kasogi Internasional Tbk Kasogi Internasional Tbk ID1000016702 GDWU Kasogi Internasional Tbk Kasogi Internasional Tbk ID1000017502 KICI Kedaung Indah Can Tbk Kedaung Indah Can Tbk ID1000027204 KICI Kedaung Indah Can Tbk Kedaung Indah Can Tbk

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Table â&#x20AC;&#x201C; The ISIN and ticker of companies whose stocks are NO TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000025802 KDSI Kedawung Setia Industrial Tbk Kedawung Setia Industrial Tbk ID1000032501 KIAS Keramika Indonesia Assosiasi Tbk Keramika Indonesia Assosiasi Tbk ID1000111206 KBRI Kertas Basuki Rachmat Indonesia Tbk Kertas Basuki Rachmat Indonesia Tbk ID1000042609 KBLI KMI Wire and Cable Tbk Kmi Wire and Cable Tbk ID1000015001 KBLI KMI Wire and Cable Tbk Kmi Wire and Cable Tbk ID1000093008 KREN Kresna Graha Investama Tbk Kresna Graha Investama Tbk ID1000021108 LMPI Langgeng Makmur Industri Tbk Langgeng Makmur Industri Tbk ID1000036601 LMPI Langgeng Makmur Industri Tbk Langgeng Makmur Industri Tbk ID1000063704 LTLS Lautan Luas Tbk Lautan Luas Tbk ID1000036304 LTLS Lautan Luas Tbk Lautan Luas Tbk ID1000050503 LTLS Lautan Luas Tbk Lautan Luas Tbk ID1000082209 LION Lion Metal Works Tbk Lion Metal Works Tbk ID1000016801 LION Lion Metal Works Tbk Lion Metal Works Tbk ID1000082308 LMSH Lionmesh Prima Tbk Lionmesh Prima Tbk ID1000009004 LMSH Lionmesh Prima Tbk Lionmesh Prima Tbk ID1000036700 LPCK Lippo Cikarang Tbk Lippo Cikarang Tbk ID1000025109 LPKR Lippo Karawaci Tbk Lippo Karawaci Tbk ID1000067903 LPKR Lippo Karawaci Tbk Lippo Karawaci Tbk ID1000018807 LPPS Lippo Securities Tbk Lippo Securities Tbk ID1000032709 LPPS Lippo Securities Tbk Lippo Securities Tbk ID1000059108 LPPS Lippo Securities Tbk Lippo Securities Tbk ID1000130206 LEAD Logindo Samudramakmur Tbk Logindo Samudramakmur Tbk ID1000103104 MAIN Malindo Feedmill Tbk Malindo Feedmill Tbk ID1000038102 TCID Mandom Indonesia Tbk Mandom Indonesia Tbk ID1000017106 TCID Mandom Indonesia Tbk Mandom Indonesia Tbk ID1000051204 MANY Manly Unitama Finance Tbk Manly Unitama Finance Tbk ID1000059900 MANY Manly Unitama Finance Tbk Manly Unitama Finance Tbk ID1000018203 MAMI Mas Murni Indonesia Tbk Mas Murni Indonesia Tbk ID1000003304 MREI Maskapai Reasuransi Indonesia Tbk Maskapai Reasuransi Tbk ID1000038409 MREI Maskapai Reasuransi Indonesia Tbk Maskapai Reasuransi Tbk ID1000067101 LPPF Matahari Department Store Tbk Matahari Department Store Tbk ID1000003601 LPPF Matahari Department Store Tbk Matahari Department Store Tbk ID1000057508 MPPA Matahari Putra Prima Tbk Matahari Putra Prima Tbk ID1000015803 MPPA Matahari Putra Prima Tbk Matahari Putra Prima Tbk ID1000009905 MYOR Mayora Indah Tbk Mayora Indah Tbk ID1000021009 MEDC Medco Energi Internasional Tbk Medco Energi Internasional Tbk ID1000046105 MEDC Medco Energi Internasional Tbk Medco Energi Internasional Tbk ID1000016603 DMAD Media Komunikasi Nusantara Media Komunikasi Nusantara Korporindo Korporindo Tbk Tbk ID1000000706 MERK Merck Tbk Merck Tbk ID1000082902 MERK Merck Tbk Merck Tbk ID1000092307 MTSM Metro Realty Tbk Metro Realty Tbk ID1000014608 MTSM Metro Realty Tbk Metro Realty Tbk ID1000045602 MTDL Metrodata Electronics Tbk Metrodata Electronics Tbk ID1000007404 MTDL Metrodata Electronics Tbk Metrodata Electronics Tbk ID1000050701 MTDL Metrodata Electronics Tbk Metrodata Electronics Tbk ID1000047608 SDPC Millennium Pharmacon International Millennium Pharmacon International Tbk Tbk ID1000119605 PADI Minna Padi Investama Sekuritas Tbk Minna Padi Investama Sekuritas Tbk ID1000068307 KOPI Mitra Energi Persada Tbk Mitra Energi Persada Tbk ID1000028707 MIRA Mitra International Resources Tbk Mitra International Resources Tbk ID1000056401 MIRA Mitra International Resources Tbk Mitra International Resources Tbk ID1000058209 MITI Mitra Investindo Tbk Mitra Investindo Tbk ID1000036205 MITI Mitra Investindo Tbk Mitra Investindo Tbk ID1000133804 MIKA Mitra Keluarga Karyasehat Tbk Mitra Keluarga Karyasehat Tbk ID1000041908 BHIT Mnc Investama Tbk MNC Investama Tbk ID1000082605 MDRN Modern Internasional Tbk Modern Internasional Tbk ID1000039605 MDRN Modern Internasional Tbk Modern Internasional Tbk ID1000013600 MDRN Modern Internasional Tbk Modern Internasional Tbk ID1000039506 MDLN Modernland Realty Tbk Modernland Realty Tbk ID1000016108 MDLN Modernland Realty Tbk Modernland Realty Tbk

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table â&#x20AC;&#x201C; The ISIN and ticker of companies whose stocks are NO TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000018005 MLIA Mulia Industrindo Tbk Mulia Industrindo Tbk ID1000033202 MLIA Mulia Industrindo Tbk Mulia Industrindo Tbk ID1000079304 MLBI Multi Bintang Indonesia Tbk Multi Bintang Indonesia Tbk ID1000000805 MLBI Multi Bintang Indonesia Tbk Multi Bintang Indonesia Tbk ID1000006208 LPIN Multi Prima Sejahtera Tbk Multi Prima Sejahtera Tbk ID1000018302 MBAI Multibreeder Adirama Indonesia Tbk Multibreeder Adirama Indonesia Tbk ID1000004609 MLPL Multipolar Tbk Multipolar Tbk ID1000054208 MLPL Multipolar Tbk Multipolar Tbk ID1000033707 MLPL Multipolar Tbk Multipolar Tbk ID1000023807 MRAT Mustika Ratu Tbk Mustika Ratu Tbk ID1000086309 MRAT Mustika Ratu Tbk Mustika Ratu Tbk ID1000099005 PTRA New Century Development Tbk New Century Development Tbk ID1000018906 PTRA New Century Development Tbk New Century Development Tbk ID1000041205 PTRA New Century Development Tbk New Century Development Tbk ID1000115603 ROTI Nippon Indosari Corpindo Tbk Nippon Indosari Corpindo ID1000013709 NIPS Nipress Tbk Nipress Tbk ID1000071608 META Nusantara Infrastructure Tbk Nusantara Infrastructure Tbk ID1000087000 UNIT Nusantara Inti Corpora Tbk Nusantara Inti Corpora Tbk ID1000007206 TKIM Pabrik Kertas Tjiwi Kimia Tbk Pabrik Kertas Tjiwi Kimia Tbk ID1000093909 APIC Pacific Strategic Financial Tbk Pacific Strategic Financial Tbk ID1000097108 APIC Pacific Strategic Financial Tbk Pacific Strategic Financial Tbk ID1000003700 PWON Pakuwon Jati Tbk Pakuwon Jati Tbk ID1000107204 PWON Pakuwon Jati Tbk Pakuwon Jati Tbk ID1000085509 PWON Pakuwon Jati Tbk Pakuwon Jati Tbk ID1000035504 PBRX Pan Brothers Tbk Pan Brothers Tbk ID1000095102 PBRX Pan Brothers Tbk Pan Brothers Tbk ID1000011307 PBRX Pan Brothers Tbk Pan Brothers Tbk ID1000036502 PAFI Panasia Filament Inti Tbk Panasia Filament Inti Tbk ID1000086606 PAFI Panasia Filament Inti Tbk Panasia Filament Inti Tbk ID1000009103 HDTX Panasia Indo Resources Tbk Panasia Indo Resources Tbk ID1000018401 PWSI Panca Wiratama Sakti Tbk Panca Wiratama Sakti Tbk ID1000045305 PWSI Panca Wiratama Sakti Tbk Panca Wiratama Sakti Tbk ID1000027402 PNLF Panin Financial Tbk Panin Financial Tbk ID1000001605 PNLF Panin Financial Tbk Panin Financial Tbk ID1000092802 PANS Panin Sekuritas Tbk Panin Sekuritas Tbk ID1000054505 PANS Panin Sekuritas Tbk Panin Sekuritas Tbk ID1000086804 PNIN Paninvest Tbk Paninvest Tbk ID1000001803 PNIN Paninvest Tbk Paninvest Tbk ID1000026602 PNIN Paninvest Tbk Paninvest Tbk ID1000074602 PANR Panorama Sentrawisata Tbk Panorama Sentrawisata Tbk ID1000026008 PICO Pelangi Indah Canindo Tbk Pelangi Indah Canindo Tbk ID1000095300 TMAS Pelayaran Tempuran Emas Tbk Pelayaran Tempuran Emas Tbk ID1000053309 PGLI Pembangunan Graha Lestari Indah Pembangunan Graha Lestari Tbk Tbk ID1000098502 PJAA Pembangunan Jaya Ancol Tbk Pembangunan Jaya Ancol Tbk ID1000024003 KONI Perdana Bangun Pusaka Tbk Perdana Bangun Pusaka Tbk ID1000014509 TKGA Permata Prima Sakti Tbk Permata Prima Sakti Tbk ID1000068901 TKGA Permata Prima Sakti Tbk Permata Prima Sakti Tbk ID1000043805 TKGA Permata Prima Sakti Tbk Permata Prima Sakti Tbk ID1000096308 PGAS Perusahaan Gas Negara (Persero) Tbk Perusahaan Gas Negara (Persero) Tbk ID1000008709 PTRO Petrosea Tbk Petrosea Tbk ID1000044100 PTRO Petrosea Tbk Petrosea Tbk ID1000084403 PTRO Petrosea Tbk Petrosea Tbk ID1000019102 PTSP Pioneerindo Gourmet International Pioneerindo Gourmet International Tbk Tbk ID1000080708 PLIN Plaza Indonesia Realty Tbk Plaza Indonesia Realty Tbk ID1000014806 PLIN Plaza Indonesia Realty Tbk Plaza Indonesia Realty Tbk ID1000065907 PLAS Polaris Investama Tbk Polaris Investama Tbk ID1000028608 ADMG Polychem Indonesia Tbk Polychem Indonesia Tbk ID1000017304 ADMG Polychem Indonesia Tbk Polychem Indonesia Tbk ID1000041403 ADMG Polychem Indonesia Tbk Polychem Indonesia Tbk

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Table â&#x20AC;&#x201C; The ISIN and ticker of companies whose stocks are NO TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000096407 POOL Pool Advista Indonesia Tbk Pool Advista Indonesia Tbk ID1000013204 POOL Pool Advista Indonesia Tbk Pool Advista Indonesia Tbk ID1000091101 POOL Pool Advista Indonesia Tbk Pool Advista Indonesia Tbk ID1000082407 LSIP PP London Sumatra Indonesia Tbk PP London Sumatra Indonesia Tbk ID1000025307 LSIP PP London Sumatra Indonesia Tbk PP London Sumatra Indonesia Tbk ID1000041809 LSIP PP London Sumatra Indonesia Tbk PP London Sumatra Indonesia Tbk ID1000021207 PSDN Prasidha Aneka Niaga Tbk Prasidha Aneka Niaga Tbk ID1000037104 PSDN Prasidha Aneka Niaga Tbk Prasidha Aneka Niaga Tbk ID1000035405 PRAS Prima Alloy Steel Universal Tbk Prima Alloy Steel Universal Tbk ID1000073109 PRAS Prima Alloy Steel Universal Tbk Prima Alloy Steel Universal Tbk ID1000020704 BIMA Primarindo Asia Infrastructure Tbk Primarindo Asia Infrastructure Tbk ID1000041304 BIMA Primarindo Asia Infrastructure Tbk Primarindo Asia Infrastructure Tbk ID1000066202 PNSE Pudjiadi and Sons Tbk Pudjiadi and Sons Tbk ID1000007602 PNSE Pudjiadi and Sons Tbk Pudjiadi and Sons Tbk ID1000021900 PUDP Pudjiadi Prestige Tbk Pudjiadi Prestige Tbk ID1000025604 RALS Ramayana Lestari Sentosa Tbk Ramayana Lestari Sentosa Tbk ID1000066707 RALS Ramayana Lestari Sentosa Tbk Ramayana Lestari Sentosa Tbk ID1000024102 PSKT Red Planet Indonesia Tbk Red Planet Indonesia Tbk ID1000083603 KKGI Resource Alam Indonesia Tbk Resource Alam Indonesia Tbk ID1000013303 KKGI Resource Alam Indonesia Tbk Resource Alam Indonesia Tbk ID1000049802 KKGI Resource Alam Indonesia Tbk Resource Alam Indonesia Tbk ID1000035009 KKGI Resource Alam Indonesia Tbk Resource Alam Indonesia Tbk ID1000043300 RICY Ricky Putra Globalindo Tbk Ricky Putra Globalindo Tbk ID1000076409 RIGS Rig Tenders Indonesia Tbk Rig Tenders Indonesia Tbk ID1000006406 RIGS Rig Tenders Indonesia Tbk Rig Tenders Indonesia Tbk ID1000087703 CMPP Rimau Multi Putra Pratama Tbk Rimau Multi Putra Pratama Tbk ID1000022106 CMPP Rimau Multi Putra Pratama Tbk Rimau Multi Putra Pratama Tbk ID1000008402 RDTX Roda Vivatex Tbk Roda Vivatex Tbk ID1000075104 RYAN Ryane Adibusana Tbk Ryane Adibusana Tbk ID1000048606 SMDR Samudera Indonesia Tbk Samudera Indonesia Tbk ID1000114200 TOWR Sarana Menara Nusantara Tbk Sarana Menara Nusantara Tbk ID1000009202 SCPI Schering Plough Indonesia Tbk Schering Plough Indonesia Tbk ID1000039902 SKBM Sekar Bumi Tbk Sekar Bumi Tbk ID1000073000 SKBM Sekar Bumi Tbk Sekar Bumi Tbk ID1000015902 SKBM Sekar Bumi Tbk Sekar Bumi Tbk ID1000017007 SKLT Sekar Laut Tbk Sekar Laut Tbk ID1000065600 SMSM Selamat Sempurna Tbk Selamat Sempurna Tbk ID1000025901 SMSM Selamat Sempurna Tbk Selamat Sempurna Tbk ID1000072705 SMGR Semen Gresik Tbk Semen Gresik (Persero) Tbk ID1000048101 SMGR Semen Indonesia (Persero) Tbk Semen Indonesia (Persero) Tbk ID1000013402 SMGR Semen Indonesia (Persero) Tbk Semen Indonesia (Persero) Tbk ID1000073901 BKSL Sentul City Tbk Sentul City Tbk ID1000037302 BKSL Sentul City Tbk Sentul City Tbk ID1000074404 BATA Sepatu Bata Tbk Sepatu Bata Tbk ID1000001001 BATA Sepatu Bata Tbk Sepatu Bata Tbk ID1000060908 STTP Siantar Top Tbk Siantar Top Tbk ID1000027808 SIPD Sierad Produce Tbk Sierad Produce Tbk ID1000060700 SIPD Sierad Produce Tbk Sierad Produce Tbk ID1000023005 TMPI Sigmagold Inti Perkasa Tbk Sigmagold Inti Perkasa Tbk ID1000040702 TMPI Sigmagold Inti Perkasa Tbk Sigmagold Inti Perkasa Tbk ID1000015506 SMAR Sinar Mas Agro Resources and Sinar Mas Agro Resources And Technology Technology Tbk Tbk (SMART Tbk) ID1000057201 SMAR Sinar Mas Agro Resources and Sinar Mas Agro Resources And Technology Technology Tbk Tbk (SMART Tbk) ID1000088107 SMMA Sinar Mas Multiartha Tbk Sinar Mas Multiartha Tbk ID1000023609 SMMA Sinar Mas Multiartha Tbk Sinar Mas Multiartha Tbk ID1000002405 SING Singleterra Tbk Singleterra Tbk ID1000086903 SING Singleterra Tbk Singleterra Tbk ID1000019201 SIMA Siwani Makmur Tbk Siwani Makmur Tbk ID1000027907 SIMA Siwani Makmur Tbk Siwani Makmur Tbk ID1000018609 SULI SLJ Global Tbk SLJ Global Tbk

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table â&#x20AC;&#x201C; The ISIN and ticker of companies whose stocks are NO TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000105109 FREN Smartfren Telecom Tbk Smartfren Telecom Tbk ID1000015100 SONA Sona Topas Tourism Industry Tbk Sona Topas Tourism Industry Tbk ID1000015209 SOBI Sorini Agro Asia Corporindo Tbk Sorini Agro Asia Corporindo Tbk ID1000004104 LPLI Star Pacific Tbk Star Pacific Tbk ID1000047301 LPLI Star Pacific Tbk Star Pacific Tbk ID1000062508 LPLI Star Pacific Tbk Star Pacific Tbk ID1000020506 SAFE Steady Safe Tbk Steady Safe Tbk ID1000065006 SUBA Suba Indah Tbk Suba Indah Tbk ID1000014400 SUBA Suba Indah Tbk Suba Indah Tbk ID1000044209 SULI Sumalindo Lestari Jaya Tbk Sumalindo Lestari Jaya Tbk ID1000112402 AMRT Sumber Alfaria Trijaya Tbk Sumber Alfaria Trijaya Tbk ID1000012503 ITMA Sumber Energi Andalan Tbk Sumber Energi Andalan Tbk ID1000012800 IKBI Sumi Indo Kabel Tbk Sumi Indo Kabel Tbk ID1000044803 IKBI Sumi Indo Kabel Tbk Sumi Indo Kabel Tbk ID1000026404 SMRA Summarecon Agung Tbk Summarecon Agung Tbk ID1000038300 SSTM Sunson Textile Manufacturer Tbk Sunson Textile Manufacturer Tbk ID1000042807 SPMA Suparma Tbk Suparma Tbk ID1000021801 SPMA Suparma Tbk Suparma Tbk ID1000090806 SUMI Super Mitory Utama Tbk Super Mitory Utama Tbk ID1000017908 SUMI Super Mitory Utama Tbk Super Mitory Utama Tbk ID1000001209 SCCO Supreme Cable Manufacturing and Supreme Cable Manufacturing and Comm Commerce Tbk Tbk ID1000083504 SAIP Surabaya Agung Industri Pulp dan Surabaya Agung Industri Pulp dan Kertas Tbk Kertas Tbk ID1000016306 SAIP Surabaya Agung Industri Pulp dan Surabaya Agung Industri Pulp dan Kertas Tbk Kertas Tbk ID1000091408 SCMA Surya Citra Media Tbk Surya Citra Media Tbk ID1000025505 SUDI Surya Dumai Industri Tbk Surya Dumai Industri Tbk ID1000052103 SIMM Surya Intrindo Makmur Tbk Surya Intrindo Makmur Tbk ID1000033608 SSIA Surya Semesta Internusa Tbk Surya Semesta Internusa Tbk ID1000012008 TOTO Surya Toto Indonesia Tbk Surya Toto Indonesia Tbk ID1000092109 TOTO Surya Toto Indonesia Tbk Surya Toto Indonesia Tbk ID1000042906 SIIP Suryainti Permata Tbk Suryainti Permata Tbk ID1000024201 SMDM Suryamas Dutamakmur Tbk Suryamas Dutamakmur Tbk ID1000001506 SQBI Taisho Pharmaceutical Indonesia Tbk Taisho Pharmaceutical Indonesia Tbk Seri A ID1000069008 SQBB Taisho Pharmaceutical Indonesia Tbk Taisho Pharmaceutical Indonesia Tbk Seri B ID1000069107 INDX Tanah Laut Tbk Tanah Laut Tbk ID1000024904 TLKM Telekomunikasi Indonesia Tbk Telekomunikasi Indonesia Tbk ID1000099104 TLKM Telekomunikasi Indonesia Tbk Telekomunikasi Indonesia Tbk ID1000057904 TLKM Telekomunikasi Indonesia Tbk Telekomunikasi Indonesia Tbk ID1000008808 TBMS Tembaga Mulia Semanan Tbk Tembaga Mulia Semanan Tbk ID1000090103 TSPC Tempo Scan Pacific Tbk Tempo Scan Pacific Tbk ID1000019409 TSPC Tempo Scan Pacific Tbk Tempo Scan Pacific Tbk ID1000044704 TEJA Texmaco Jaya Tbk Texmaco Jaya Tbk ID1000018500 TEJA Texmaco Jaya Tbk Texmaco Jaya Tbk ID1000089402 TEJA Texmaco Jaya Tbk Texmaco Jaya Tbk ID1000090608 TPEN Texmaco Perkasa Engineering Tbk Texmaco Perkasa Engineering Tbk ID1000016207 TPEN Texmaco Perkasa Engineering Tbk Texmaco Perkasa Engineering Tbk ID1000000409 TFCO Tifico Fiber Indonesia Tbk Tifico Fiber Indonesia Tbk ID1000037401 TFCO Tifico Fiber Indonesia Tbk Tifico Fiber Indonesia Tbk ID1000035603 AISA Tiga Pilar Sejahtera Food Tbk Tiga Pilar Sejahtera Food Tbk ID1000084106 TGKA Tigaraksa Satria Tbk Tigaraksa Satria Tbk ID1000009301 TGKA Tigaraksa Satria Tbk Tigaraksa Satria Tbk ID1000065709 TINS Timah Tbk Timah (Persero) Tbk ID1000024409 TINS Timah Tbk Timah (Persero) Tbk ID1000016504 TIRA Tira Austenite Tbk Tira Austenite Tbk ID1000050800 TIRT Tirta Mahakam Resources Tbk Tirta Mahakam Resources Tbk ID1000009608 INRU Toba Pulp Lestari Tbk Toba Pulp Lestari Tbk ID1000055700 TRST Trias Sentosa Tbk Trias Sentosa Tbk

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Table â&#x20AC;&#x201C; The ISIN and ticker of companies whose stocks are NO TRADED on the IDX, Feb. 2018 ISIN Ticker Security Name Issuer ID1000009707 TRST Trias Sentosa Tbk Trias Sentosa Tbk ID1000026701 TRST Trias Sentosa Tbk Trias Sentosa Tbk ID1000051105 TRIM Trimegah Sekuritas Indonesia Tbk Trimegah Sekuritas Indonesia Tbk ID1000093602 TRUS Trust Finance Indonesia Tbk Trust Finance Indonesia Tbk ID1000066509 TALFA Tunas Alfin Tbk Kelas A Tunas Alfin Tbk ID1000066608 TALFB Tunas Alfin Tbk Kelas B Tunas Alfin Tbk ID1000073703 TBLA Tunas Baru Lampung Tbk Tunas Baru Lampung Tbk ID1000051501 TBLA Tunas Baru Lampung Tbk Tunas Baru Lampung Tbk ID1000070808 TURI Tunas Ridean Tbk Tunas Ridean Tbk ID1000068802 TURI Tunas Ridean Tbk Tunas Ridean Tbk ID1000009806 ULTJ Ultrajaya Milk Industry and Trading Ultrajaya Milk Industry & Trading Company Company Tbk Tbk ID1000040009 UNIC Unggul Indah Cahaya Tbk Unggul Indah Cahaya Tbk ID1000004708 UNIC Unggul Indah Cahaya Tbk Unggul Indah Cahaya Tbk ID1000000904 UNVR Unilever Indonesia Tbk Unilever Indonesia Tbk ID1000003502 UNTR United Tractors Tbk United Tractor Tbk ID1000001100 UNTX Unitex Tbk Unitex Tbk ID1000008600 INCO Vale Indonesia Tbk Vale Indonesia Tbk ID1000098700 INCO Vale Indonesia Tbk Vale Indonesia Tbk ID1000070501 INCO Vale Indonesia Tbk Vale Indonesia Tbk ID1000073505 VOKS Voksel Electric Tbk Voksel Electric Tbk ID1000012602 VOKS Voksel Electric Tbk Voksel Electric Tbk ID1000043508 UGAR Wahana Jaya Perkasa Tbk Wahana Jaya Perkasa Tbk ID1000090707 UGAR Wahana Jaya Perkasa Tbk Wahana Jaya Perkasa Tbk ID1000020407 WICO Wicaksana Overseas International Tbk Wicaksana Overseas International Tbk ID1000025406 CEKA Wilmar Cahaya Indonesia Tbk Wilmar Cahaya Indonesia Tbk ID1000067804 CEKA Wilmar Cahaya Indonesia Tbk Wilmar Cahaya Indonesia Tbk ID1000046600 CEKA Wilmar Cahaya Indonesia Tbk Wilmar Cahaya Indonesia Tbk ID1000013907 ZBRA Zebra Nusantara Tbk Zebra Nusantara Tbk

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Shares listing and its liquidity This is a section written by Sando Sasako in a book titled by Corporate Finance Business in Indonesia: The Rise of Investment Banking Activities, A Comprehensive Report, PT Data Consult Inc., Jakarta, July 1998.

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In How underwriters work, we have mentioned that one ultimate task of the underwriter is to stimulate the trading of the issuerâ&#x20AC;&#x2122;s stocks, that is its liquidity in the marketplace. Liquid stocks used to be characterised by its size in the marketplace instead of being actively traded. As a result, such share price will not be dramatically moved by a few buy or sell orders. In other words, the stock price will not be affected substantially although there are orders to buy or sell the asset quickly and in large volume. It is raising the stockholdersâ&#x20AC;&#x2122; equity. That is to say that the high level of liquidity is the key characteristic of a good market for a security and the stock exchange as a whole.

For the sake of the exchange, since few shares outstanding with limited activity are considered not liquid generally, the issuers of those securities will get a sanction of delisting There were delisting cases of illiquid stocks in the market, of the loss suffered, of not good enough the system of market making, and many others.

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Since the criteria for liquid stock, one among others, are characterised by its size in the marketplace, there are ways to dump the issuersâ&#x20AC;&#x2122; stocks. That includes stock split, bonus shares issuance, company listing their stocks, convertibles conversions, warrant conversions, stock dividend issuance, ADS conversions, founders listing their stocks, partial listing, and escrow shares issuance.

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On the contrary, they can ease off the size of their stocks in the market through some share repurchase. Many believe that kind of action is only succeed in rising the stock liquidity temporarily since the short-term investors could not find a chance to gain. We believe that share repurchase is one way for the issuer to distribute their temporary excess cash flow instead of distributing it to the stockholders.

A high level of liquidity used to happen in large blue-chip stocks such as BNI or Telkom. It is a matter of fact just because they are actively traded and therefore the stock price will not be dramatically moved by a few buy or sell orders. In other words, the stock price will not be affected substantially although there are orders to buy or sell the asset quickly and in large volume. That is to say the high level of liquidity is the key characteristic of a good market for a security and the stock exchange as a whole.

The few shares outstanding with limited activity are not considered liquid generally. In a simple word, liquidity refers to the ability of an individual or company to convert assets into cash or the equivalents without any significant loss. Investment in money market funds and listed stocks are much more liquid than investments in real estate for instance. To maintain the liquidity of securities offered, there is an underwriting agreement that must be approved between the issuer and underwriter. The agreement used to set forth the terms and conditions of the arrangement and the responsibilities of both parties. Firm commitment underwriting, best effort, all or none, and standby commitment are the kinds of the underwriting agreement and will be discussed in the heading of Underwriting Agreement. In case of the stocks offering to be fully subscribed, the issuer must choose a firm commitment underwriting. It means that the underwriters are ready to take the overall risks encountered. Therefore, the underwriters need to strengthen their capital structure otherwise they will only play a small part.

Sando Sasako

During the offering period, it is the lead underwriter’s responsibility to stabilize the market price of the issuer’s stocks through bidding in the open market, a process called pegging. Hitherto, there is no standard reference from the competent party for any issuers nor the candidates to choose the right and best underwriter in Indonesia. Even to see the financial performance of the securities companies whereas the result of directive of making the financial report was just to be available as of 31 December 1997 report through a circular of Bapepam No.04/PM/1996 dated 24 December 1996.

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Another way to make the securities liquid in the secondary market, there is a system to be recalled, named by a market making. Make a market of a given security means that the underwriters are obliged to maintain a firm bid and offer prices by standing ready to buy or sell round lots at publicly quoted prices. In the organized exchanges, market makers are the specialists and dealers in the over-thecounter (OTC) market. Its basic role is to maintain liquidity in the securities industry for buyers and sellers.

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There is no standard definition for market maker in any literatures but a working definition like one (as a person or firm) that buys and sells a security for one’s own account on a continual basis in the securities exchange to maintain an orderly market in the specific securities managed. Market makers normally try to profit from a rapid turnover in security positions rather than from holding those positions in anticipation of gradual price movements.

On 2 June 1997, Surabaya Stock Exchange had started its bond trading facility, OTC-fixed income service. At least 23 ‘investment banking companies’ make their contributions comprising of 8 market makers and its 2 candidates for market makers and the remaining 13 contributors.

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The 8 market makers were Bank Rakyat Indonesia, Astra Securities, Bahana Securities, Bhakti Investama, Danareksa Sekuritas, Peregrine Sewu Securities, Pentasena Arthasentosa, and Trimegah Securindolestari. The 2 candidates were Bank Negara Indonesia and Bank Indonesia Raya. Bank Panin, Panin Sekuritas, Bank PDFCI, Waterfront Securities Indonesia, Indovest Securities, and Mashill Securities were some of the contirbutors of SSX’ OTC-FIS.

There were 79 rights issuers, including 4 ‘special’ ones, made their rights offerings to the public as much as 35,473 million shares during the time observed, 1996 – 1997. The biggest one was Indah Kiat Pulp & Paper Corp. by offering 2,523 million shares, or 7.11 percent of the stocks offered on 24 June 1997 effectively.

The 4 ‘special’ ones were Cipendawa Farm Enterprise, United Tractors, Steady Safe, and Unitex. The first two issuers cancelled their own rights issues where the third because Bapepam did not satisfy with the prospectus of Steady Safe and the last one because it was once again delisted by the exchange.

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Initial Public Offerings in Indonesia, 1977-2017 Table 5 – IPO schedules in Jakarta Stock Exchanges (JSX), Surabaya Stock Exchange (SSX), and Indonesia Stock Exchange (IDX), by date, ticker, company names, proceeds, shares offered and priced, 1997-2017

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Table – IPO schedules in Jakarta Stock Exchanges (JSX), Surabaya Stock Exchange (SSX), and Indonesia Stock Exchange (IDX), by date, ticker, company names, proceeds, shares offered and priced, 1997-2017 Proceed Shares Price X IPO Date Ticker Issuer Name +.info (Rp mn) (000) (Rp) IDX 2011-12-06 ABMM ABM Investama Tbk IDX 2007-11-06 ACES Ace Hardware Indonesia Tbk IDX 2013-06-24 ACST Acset Indonusa Tbk IDX 2008-07-16 ADRO Adaro Energy Tbk 2004-03-18 ADHI Adhi Karya (Persero) Tbk IDX 2012-11-12 ASSA Adi Sarana Armada Tbk 2004-03-31 ADMF Adira Dinamika Multi Finance Tbk IDX 2010-11-11 APLN Agung Podomoro Land Tbk 1994-06-13 ADES Akasha Wira International Tbk 2001-07-20 AIMS Akbar Indo Makmur Stimec Tbk 1994-10-03 AKRA AKR Corporindo Tbk JSX 1990-07-12 ALKA Alakasa Industrindo Tbk Alumindo Perkasa Utama 14,700 1,500 9,800 IDX 2007-12-18 ASRI Alam Sutera Realty Tbk IDX 2017-06-09 FIRE Alfa Energi Investama Tbk 2000-01-18 ALFA Alfa Retailindo Tbk IDX 2011-07-12 ALDO Alkindo Naratama Tbk 1996-12-09 ALDI Alter Abadi Tbk SSX 1996-1997 Alter Abadi Tbk 358,434 398,260 900 1997-01-02 ALMI Alumindo Light Metal Industry Tbk SSX 1996-1997 Alumindo Light Metal Industry Tbk 400,400 308,000 1,300 IDX 2015-07-08 ATIC Anabatic Technologies Tbk 2006-03-29 OKAS Ancora Indonesia Resources Tbk IDX 2016-09-28 AGII Aneka Gas Industri Tbk 1997-11-27 ANTM Aneka Tambang (Persero) Tbk SSX 1996-1997 Aneka Tambang Tbk 1,723,077 1,230,769 1,400 2002-01-18 ANTA Anta Express Tour and Travel Service 2004-11-01 AKKU Anugerah Kagum Karya Utama Tbk Alam Karya Unggul Tbk JSX 1993-11-22 ANSI Anwar Sierad Tbk 77,400 18,000 4,300 2002-07-10 APEX Apexindo Pratama Duta Tbk JSX 1990-03-01 AQUA Aqua Golden Mississippi Tbk, PT 7,500 1,000 7,500 JSX 1992-12-18 AKPI Argha Karya Prima Industry Tbk 60,800 16,000 3,800 JSX 1991-01-07 ARGO Argo Pantes Tbk 158,026 15,882 9,950 IDX 2013-10-29 APII Arita Prima Indonesia Tbk IDX 2017-06-21 ARMY Armidian Karyatama Tbk 2005-06-22 APOL Arpeni Pratama Ocean Line Tbk 2002-11-05 ARTA Arthavest Tbk 2001-07-17 ARNA Arwana Citramulia Tbk 1995-11-08 AMFG Asahimas Flat Glass Tbk 1994-10-20 ASIA Asia Natural Resources JSX 1991-03-12 POLY Asia Pacific Fibers Tbk Polysindo Eka Perkasa 106,800 12,000 8,900 JSX 1989-10-10 MYTX Asia Pacific Investama Tbk Apac Citra Centertex Tbk, 27,500 2,500 11,000 Mayatexdian Industry Tbk 2000-05-01 APLI Asiaplast Industries Tbk JSX 1990-03-26 ASTR Aster Dharma Industri Tbk 9,000 2,000 4,500 1997-12-09 AALI Astra Agro Lestari Tbk SSX 1996-1997 Astra Argo Lestari Tbk 1,949,900 1,258,000 1,550 JSX 1989-11-15 ASGR Astra Graphia Tbk 26,291 3,075 8,550 JSX 1990-04-04 ASII Astra International Tbk 445,500 30,000 14,850 1998-06-15 AUTO Astra Otoparts Tbk 1989-09-04 AIRI Astrijati Industri Rotan Indonesia Tbk JSX 1989-07-06 ABDA Asuransi Bina Dharma Arta Tbk Dharmala Insurance 3,420 900 3,800 JSX 1989-11-29 ASBI Asuransi Bintang Tbk 7,950 1,000 7,950 JSX 1989-12-15 ASDM Asuransi Dayin Mitra Tbk 13,000 2,000 6,500 JSX 1990-09-14 AHAP Asuransi Harta Aman Pratama Tbk 4,250 1,000 4,250 2003-12-23 ASJT Asuransi Jasa Tania Tbk IDX 2014-01-16 ASMI Asuransi Kresna Mitra Tbk 2005-12-23 AMAG Asuransi Multi Artha Guna Tbk JSX 1990-03-19 ASRM Asuransi Ramayana Tbk 12,000 2,000 6,000 IDX 2015-12-10 AMIN Ateliers Mecaniques D Indonesie Tbk IDX 2011-11-08 ARII Atlas Resources Tbk IDX 2013-05-08 ANJT Austindo Nusantara Jaya Tbk IDX 2017-08-07 NASA Ayana Land International Tbk JSX 1989-08-28 BNBR Bakrie & Brothers Tbk 22,729 2,850 7,975 JSX 1990-03-06 UNSP Bakrie Sumatra Plantations Tbk United Sumatra 118,770 11,100 10,700 Plantations 2006-02-03 BTEL Bakrie Telecom Tbk 1995-10-30 ELTY Bakrieland Development Tbk IDX 2014-03-13 BALI Bali Towerindo Sentra Tbk

Sando Sasako

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Table â&#x20AC;&#x201C; IPO schedules in Jakarta Stock Exchanges (JSX), Surabaya Stock Exchange (SSX), and Indonesia Stock Exchange (IDX), by date, ticker, company names, proceeds, shares offered and priced, 1997-2017 Proceed Shares Price X IPO Date Ticker Issuer Name +.info (Rp mn) (000) (Rp) IDX 2014-12-31 AGRS Bank Agris Tbk JSX 1990-08-23 INPC Bank Artha Graha Internasional Tbk Inter Pacific Finance Corp 48,750 5,000 9,750 IDX 2016-01-12 ARTO Bank Artos Indonesia Tbk SSX 1996-1997 Bank Arya Panduarta Tbk 390,000 400,000 975 SSX 1996-1997 Bank Bahari Tbk 242,350 262,000 925 IDX 2010-07-08 BJBR Bank BJB (BPD Jabar-Banten) Tbk 2006-07-10 BBKP Bank Bukopin Tbk 2006-06-01 BNBA Bank Bumi Arta Tbk (2006-12-31) IDX 2007-10-04 BACA Bank Capital Indonesia Tbk 2000-05-31 BBCA Bank Central Asia Tbk SSX 1996-1997 Bank Century Intervest Corporation Tbk 207,000 230,000 900 JSX 1989-11-29 BNGA Bank CIMB Niaga Tbk Bank Niaga Tbk 62,500 5,000 12,500 JSX 1990-04-02 BDNI Bank Dagang Nasional Indonesia Tbk 93,500 11,000 8,500 JSX 1989-12-06 BDMN Bank Danamon Indonesia Tbk 144,000 12,000 12,000 IDX 2014-07-11 DNAR Bank Dinar Indonesia Tbk IDX 2008-01-08 BAEK Bank Ekonomi Raharja Tbk JSX 1989-08-14 FCOR Bank Ficorinvest Tbk 50,000 5,000 10,000 IDX 2016-05-12 BGTG Bank Ganesha Tbk IDX 2015-08-12 BBHI Bank Harda Internasional Tbk IDX 2014-01-16 BINA Bank Ina Perdana Tbk JSX 1991-08-12 IDVS Bank Indovest Tbk 19,620 3,567 5,500 IDX 2012-07-19 BJTM Bank Jatim (BPD Jatim) 1997-06-25 BCIC Bank JTrust Indonesia Tbk Bank Mutiara Tbk, Bank Century Tbk, Bank CIC Tbk JSX 1989-11-10 LPBN Bank Lippo Tbk 102,000 6,800 15,000 2003-07-14 BMRI Bank Mandiri (Persero) Tbk IDX 2013-07-11 BMAS Bank Maspion Indonesia Tbk 1997-08-29 MAYA Bank Mayapada Internasional Tbk SSX 1996-1997 Bank Mayapada Tbk 260,000 325,000 800 JSX 1989-11-21 BNII Bank Maybank Indonesia Tbk Bank Internasional 132,000 12,000 11,000 Indonesia 2000-04-17 MEGA Bank Mega Tbk IDX 2013-07-08 BBMD Bank Mestika Dharma Tbk IDX 2013-07-09 NAGA Bank Mitraniaga Tbk 2002-07-15 BABP Bank MNC Internasional Tbk Bank ICB Bumiputera IDX 2013-05-20 NOBU Bank Nationalnobu Tbk 1996-11-25 BBNI Bank Negara Indonesia (Persero) Tbk 2001-01-10 BBNP Bank Nusantara Parahyangan Tbk 1994-10-20 NISP Bank OCBC NISP Tbk 2002-05-01 BSWD Bank Of India Indonesia Tbk Bank Swadesi JSX 1990-06-12 BDTA Bank Palapa Tbk Bank Duta 220,000 27,500 8,000 JSX 1982-12-29 PNBN Bank Pan Indonesia Tbk 5,690 1,638 3,475 JSX 1983-06-17 PNBN Bank Pan Indonesia Tbk Right Issue I (19870225) 3,550 IDX 2014-01-15 PNBS Bank Panin Syariah Tbk JSX 1990-05-25 PDFC Bank PDFCI Tbk 43,750 5,000 8,750 2001-07-13 BEKS Bank Pembangunan Daerah Banten Tbk Bank Pundi Indonesia, Bank Eksekutif Tbk JSX 1990-01-15 BNLI Bank Permata Tbk Bank Bali Tbk 39,590 3,999 9,900 SSX 1996-1997 Bank Pikko Tbk 102,400 128,000 800 2002-11-21 BKSW Bank QNB Indonesia Tbk Bank QNB Kesawan Tbk, Bank Kesawan Tbk 2003-11-10 BBRI Bank Rakyat Indonesia (Persero) Tbk 2003-08-08 AGRO Bank Rakyat Indonesia Agroniaga Tbk IDX 2010-12-13 BSIM Bank Sinarmas Tbk JSX 1989-11-13 BNSY Bank Surya Indonesia Tbk 30,000 4,000 7,500 IDX 2009-12-17 BBTN Bank Tabungan Negara (Persero) Tbk IDX 2008-03-12 BTPN Bank Tabungan Pensiunan Nasional Tbk JSX 1990-03-28 TMBN Bank Tamara Tbk 24,000 3,000 8,000 JSX 1993-11-08 BNTA Bank Tiara Asia Tbk. 60,000 25,000 2,400 JSX 1990-07-12 BNUM Bank Umum Nasional Tbk 72,000 8,000 9,000 SSX 1996-1997 Bank Universal Tbk 644,054 954,153 675 1999-06-30 BVIC Bank Victoria International Tbk IDX 2007-07-03 MCOR Bank Windu Kentjana International Tbk 2006-12-15 SDRA Bank Woori Saudara Indonesia 1906 Tbk Bank Himpunan Saudara 1906 Tbk IDX 2015-01-13 BBYB Bank Yudha Bhakti Tbk 2002-04-17 ATPK Bara Jaya Internasional Tbk ATPK Resources IDX 2012-11-08 BSSR Baramulti Suksessarana Tbk JSX 1993-10-01 BRPT Barito Pacific Tbk Barito Pasific Timber 612,000 85,000 7,200 JSX 1979-12-20 BATI BAT Indonesia Tbk 16,500 6,600 2,500 IDX 2009-06-01 BPFI Batavia Prosperindo Finance Tbk IDX 2014-07-08 BPII Batavia Prosperindo Internasional Tbk IDX 2008-08-12 BYAN Bayan Resources Tbk JSX 1982-08-04 BYSP Bayer Indonesia SP Tbk 3,079 2,324 1,325

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table â&#x20AC;&#x201C; IPO schedules in Jakarta Stock Exchanges (JSX), Surabaya Stock Exchange (SSX), and Indonesia Stock Exchange (IDX), by date, ticker, company names, proceeds, shares offered and priced, 1997-2017 Proceed Shares Price X IPO Date Ticker Issuer Name +.info (Rp mn) (000) (Rp) JSX 1989-10-30 BAYU Bayu Buana Tbk Bayu Buana Travel Life, 9,000 2,000 4,500 Bayu Buana Travel Service IDX 2008-01-14 BAPA Bekasi Asri Pemula Tbk IDX 2012-04-10 BEST Bekasi Fajar Industrial Estate Tbk IDX 2010-02-11 BIPI Benakat Integra Tbk Benakat Petroleum Energy JSX 1990-03-05 RMBA Bentoel Internasional Investama Tbk Rimba Niaga Idola 4,056 1,200 3,380 IDX 2010-08-19 BRAU Berau Coal Energy Tbk JSX 1990-03-26 BLTA Berlian Laju Tanker Tbk 17,850 2,100 8,500 JSX 1989-11-06 BRNA Berlina Tbk 13,825 1,750 7,900 2001-07-18 BTON Betonjaya Manunggal Tbk JSX 1990-05-16 BFIN BFI Finance Indonesia Tbk Bunas Finance 12,219 2,125 5,750 SSX 1996-1997 Bhakti Investama Tbk 299,600 428,000 700 1989-07-18 BIPP Bhuwanatala Indah Permai Tbk Bandung Indah Plaza Tbk IDX 2015-07-14 BIKA Binakarya Jaya Abadi Tbk 1999-12-29 BMSR Bintang Mitra Semestaraya Tbk IDX 2016-12-19 BOGA Bintang Oto Global Tbk 1999-04-16 BMRA Bintuni Minaraya Tbk IDX 2007-05-28 BISI BISI International Tbk IDX 2014-11-05 BIRD Blue Bird Tbk IDX 2010-11-26 BORN Borneo Lumbung Energi & Metal Tbk JSX 1990-05-07 BBLD Buana Finance Tbk BBL Dharmala Finance 15,625 2,500 6,250 IDX 2011-05-23 BULL Buana Listya Tama Tbk 1995-05-08 BUDI Budi Starch & Sweetener Tbk Budi Acid Jaya IDX 2015-06-29 BUKK Bukaka Teknik Utama Tbk IDX 2007-06-15 BKDP Bukit Darmo Property Tbk IDX 2010-07-12 BUVA Bukit Uluwatu Villa Tbk IDX 2009-12-11 BCIP Bumi Citra Permai Tbk IDX 2010-12-09 BRMS Bumi Resources Minerals Tbk JSX 1990-07-30 BUMI Bumi Resources Tbk Bumi Modern 45,000 10,000 4,500 IDX 2008-06-06 BSDE Bumi Serpong Damai Tbk 2004-05-14 BTEK Bumi Teknokultura Unggul Tbk IDX 2017-06-22 HOKI Buyung Poetra Sembada Tbk IDX 2017-05-10 CSIS Cahayasakti Investindo Sukses Tbk 1999-05-19 CKRA Cakra Mineral Tbk Citra Kebun Raya Agri Tbk IDX 2016-07-19 CASA Capital Financial Indonesia Tbk JSX 1990-04-16 MTFN Capitalinc Investment Tbk Metropolitan Finance 7,000 2,000 3,500 Corp IDX 2014-01-16 CANI Capitol Nusantara Indonesia Tbk IDX 2011-12-05 CASS Cardig Aero Services Tbk IDX 2007-12-12 CSAP Catur Sentosa Adiprana Tbk JSX 1979-05-22 CNTX Centex Tbk Century Textile Industry 638 116 5,500 Tbk JSX 1983-02-15 CNTX Centex Tbk Right Issue I 5,500 1997-12-21 DKFT Central Omega Resources Tbk (1997-11-21) JSX 1990-05-14 CPPR Central Proteina Prima Tbk 4,000 1,000 4,000 2006-11-28 CPRO Central Proteina Prima Tbk 2001-11-01 CENT Centratama Telekomunikasi Indonesia Centrin Online Tbk JSX 1990-11-05 IGAR Champion Pacific Indonesia Tbk Igar Jaya 8,925 1,750 5,100 IDX 2008-05-26 TPIA Chandra Asri Petrochemical Tbk JSX 1991-03-18 CPIN Charoen Pokphand Indonesia Tbk 12,750 2,500 5,100 IDX 2014-06-27 CINT Chitose Internasional Tbk IDX 2016-09-30 POWR Cikarang Listrindo Tbk 1994-03-28 CTRA Ciputra Development Tbk IDX 2007-11-07 CTRP Ciputra Property Tbk 1999-01-15 CTRS Ciputra Surya Tbk 2002-03-20 CITA Cita Mineral Investindo Tbk 1996-07-03 CTTH Citatah Tbk JSX 1990-06-18 CPDW Citra Maharlika Nusantara Corpora Tbk Cipendawa Farm 17,700 3,000 5,900 Enterprise 1995-01-10 CMNP Citra Marga Nusaphala Persada Tbk JSX 1989-11-28 CTBN Citra Tubindo Tbk 16,000 1,600 10,000 JSX 1990-08-27 CFIN Clipan Finance Indonesia Tbk Clipan Finance 13,275 1,500 8,850 2001-11-30 CLPI Colorpak Indonesia Tbk JSX 1993-10-27 CNBE Concord Benefit Enterprises 15,435 6,300 2,450 2002-07-17 MACO Courts Indonesia Tbk IDX 2007-12-19 COWL Cowell Development Tbk 2001-07-06 DEFI Danasupra Erapacific Tbk 2002-04-19 SCBD Danayasa Arthatama Tbk (2006-12-31, 2099-12-31) JSX 1989-11-13 DNKS Dankos Laboratories Tbk 3,413 525 6,500 IDX 2007-09-26 DEWA Darma Henwa Tbk 1994-11-11 DVLA Darya-Varia Laboratoria Tbk 1994-12-22 DAVO Davomas Abadi Tbk

Sando Sasako

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Table â&#x20AC;&#x201C; IPO schedules in Jakarta Stock Exchanges (JSX), Surabaya Stock Exchange (SSX), and Indonesia Stock Exchange (IDX), by date, ticker, company names, proceeds, shares offered and priced, 1997-2017 Proceed Shares Price X IPO Date Ticker Issuer Name +.info (Rp mn) (000) (Rp) 1996-10-24 DGSA Daya Guna Samudera Tbk 1997-03-25 DSUC Daya Sakti Unggul Corporindo Tbk 2001-07-20 KARK Dayaindo Resources International Tbk JSX 1984-02-27 DLTA Delta Djakarta Tbk 1,025 347 2,950 JSX 1988-01-30 DLTA Delta Djakarta Tbk Right Issue I 0 3,290 2001-06-15 DOID Delta Dunia Makmur Tbk IDX 2008-07-08 PDES Destinasi Tirta Nusantara Tbk 2000-03-24 DSFI Dharma Samudera Fishing Industries Tbk IDX 2013-06-14 DSNG Dharma Satya Nusantara Tbk JSX 1990-07-18 TPFC Dharmala Agrifood Tbk. Tjilatjap Pelletizing 42,500 5,000 8,500 Factory JSX 1991-09-27 DSST Dharmala Sakti Sejahtera Tbk 45,000 15,000 3,000 JSX 1993-08-02 DMAD Dharmindo Adidhuta Tbk 25,000 10,000 2,500 IDX 2009-12-10 DSSA Dian Swastatika Sentosa Tbk IDX 2015-12-08 DPUM Dua Putra Utama Makmur Tbk JSX 1990-05-08 DART Duta Anggada Realty Tbk 75,000 10,000 7,500 IDX 2016-06-28 DAYA Duta Intidaya Tbk SSX 1996-1997 Duta Kirana Finance Tbk 32,500 65,000 500 SSX 1996-1997 Duta Kirana Finance Tbk 500 JSX 1990-08-08 DPNS Duta Pertiwi Nusantara Tbk 24,300 3,000 8,100 1994-11-02 DUTI Duta Pertiwi Tbk IDX 2014-05-14 DAJK Dwi Aneka Jaya Kemasindo Tbk IDX 2013-03-25 DYAN Dyandra Media International Tbk JSX 1991-08-05 DYNA Dynaplast Tbk, PT 14,000 2,500 5,600 IDX 2009-10-27 BWPT Eagle High Plantations Tbk BW Plantation IDX 2014-04-15 LRNA Eka Sari Lorena Transport Tbk JSX 1990-08-14 EKAD Ekadharma International Tbk 6,500 1,000 6,500 IDX 2010-01-12 EMTK Elang Mahkota Teknologi Tbk IDX 2013-07-03 ECII Electronic City Indonesia Tbk IDX 2008-02-06 ELSA Elnusa Tbk IDX 2017-09-25 MDKI Emdeki Utama Tbk 2004-06-07 ENRG Energi Mega Persada Tbk 1994-08-01 EPMT Enseval Putera Megatrading Tbk JSX 1989-10-23 GSMF Equity Development Investment Tbk Gajah Surya Multi 17,000 2,000 8,500 Finance IDX 2011-12-14 ERAA Erajaya Swasembada Tbk JSX 1990-08-21 ERTX Eratex Djaja Tbk 46,355 6,140 7,550 1997-05-16 ETWA Eterindo Wahanatama Tbk SSX 1996-1997 Eterindo Wahanatama Tbk 894,786 688,297 1,300 IDX 2007-07-13 LCGP Eureka Prima Jakarta Tbk Laguna Cipta Griya Tbk JSX 1992-10-13 ESTI Ever Shine Tex Tbk Ever Shine Textile 21,600 4,000 5,400 Industry IDX 2010-07-09 GREN Evergreen Invesco Tbk 2001-11-20 CNKO Exploitasi Energi Indonesia Tbk IDX 2012-11-02 TAXI Express Transindo Utama Tbk 1994-12-01 FASW Fajar Surya Wisesa Tbk JSX 1993-05-11 FAST Fast Food Indonesia Tbk 25,436 4,463 5,700 IDX 2017-06-08 FINN First Indo American Leasing Tbk 2000-02-25 KBLV First Media Tbk 1996-06-28 FISK Fiskar Agung Perkasa Tbk EliteStar PrimaJaya (ESPJ) 2002-01-18 FISH FKS Multi Agro Tbk 2004-01-17 FORU Fortune Indonesia Tbk 2000-06-30 FMII Fortune Mate Indonesia Tbk IDX 2017-04-28 FORZ Forza Land Indonesia Tbk IDX 2012-07-11 GAMA Gading Development Tbk JSX 1990-05-08 GJTL Gajah Tunggal Tbk Gadjah Tunggal 110,000 20,000 5,500 IDX 2009-07-09 GTBO Garda Tujuh Buana Tbk IDX 2011-02-11 GIAA Garuda Indonesia (Persero) Tbk IDX 2015-07-07 BOLT Garuda Metalindo Tbk 2002-08-12 GEMA Gema Grahasarana Tbk 1995-07-17 BMTR Global Mediacom Tbk IDX 2012-07-10 GLOB Global Teleshop Tbk 2000-02-29 SMMT Golden Eagle Energy Tbk Eatertainment International Tbk (200712-01) IDX 2011-11-17 GEMS Golden Energy Mines Tbk IDX 2014-12-23 GOLL Golden Plantation Tbk JSX 1980-12-22 GDYR Goodyear Indonesia Tbk 7,688 6,150 1,250 2000-12-11 GMTD Gowa Makassar Tourism Development Tbk IDX 2008-05-15 GZCO Gozco Plantations Tbk IDX 2016-06-29 JGLE Graha Andrasentra Propertindo Tbk IDX 2014-04-10 BLTZ Graha Layar Prima Tbk SSX 1996-1997 Grahamas Citra Wisata 1,000

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table â&#x20AC;&#x201C; IPO schedules in Jakarta Stock Exchanges (JSX), Surabaya Stock Exchange (SSX), and Indonesia Stock Exchange (IDX), by date, ticker, company names, proceeds, shares offered and priced, 1997-2017 Proceed Shares Price X IPO Date Ticker Issuer Name +.info (Rp mn) (000) (Rp) 1995-02-14 GMCW Grahamas Citrawisata Tbk IDX 2013-11-08 KRAH Grand Kartech Tbk JSX 1990-12-03 GGST Great Golden Star Tbk. 52,800 6,000 8,800 JSX 1989-11-03 GRIV Great River International Tbk Great River Garment Ind 42,630 4,900 8,700 IDX 2011-12-23 GWSA Greenwood Sejahtera Tbk JSX 1990-08-27 GGRM Gudang Garam Tbk 592,530 57,808 10,250 IDX 2009-12-23 GDST Gunawan Dianjaya Steel Tbk JSX 1990-10-31 MYRX Hanson International Tbk Mayertex Indonesia 9,900 1,000 9,900 IDX 2017-06-21 HRTA Hartadinata Abadi Tbk IDX 2010-10-06 HRUM Harum Energy Tbk 2004-04-12 HADE HD Capital Tbk JSX 1989-08-21 HERO Hero Supermarket Tbk HeroMini Supermarket 12,708 1,765 7,200 Tbk 1995-02-13 HEXA Hexindo Adiperkasa Tbk JSX 1990-08-15 HMSP HM Sampoerna Tbk 340,200 27,000 12,600 JSX 1977-08-10 SMCB Holcim Indonesia Tbk Semen Cibinong Tbk 1,788 179 10,000 JSX 1982-05-17 SMCB Holcim Indonesia Tbk Right Issue III 16,750 IDX 2008-07-17 HOME Hotel Mandarine Regency Tbk JSX 1984-02-29 HPSB Hotel Prapatan Tbk (HPSP) 1,533 1,460 1,050 JSX 1990-05-08 SHID Hotel Sahid Jaya International Tbk 77,000 11,000 7,000 1997-12-15 HITS Humpuss Intermoda Transportasi Tbk 1994-12-20 KARW ICTSI Jasa Prima Tbk Karwell Indonesia Tbk (2008-12-20) IDX 2014-12-17 IMPC Impack Pratama Industri Tbk JSX 1990-07-16 INKP Indah Kiat Pulp & Paper Tbk 636,000 60,000 10,600 1994-12-05 INAI Indal Aluminium Industry Tbk IDX 2008-06-11 INDY Indika Energy Tbk JSX 1993-01-11 SRSN Indo Acidatama Tbk Sarasa Nugraha 17,500 5,000 3,500 JSX 1989-12-18 INCF Indo Komoditi Korpora Tbk IKK (20150612), MOM 9,600 1,200 8,000 Investama Tbk (20140326), Amstelco Indonesia Tbk (20101222), Indocitra Finance Tbk (19830418), Indo Ayala Leasing Corp (19820223), (1990-07-27) JSX 1990-09-05 BRAM Indo Kordsa Tbk Branta Mulia 115,625 12,500 9,250 IDX 2011-07-12 PTIS Indo Straits Tbk IDX 2007-12-18 ITMG Indo Tambangraya Megah Tbk JSX 1989-12-05 INTP Indocement Tunggal Prakarsa Tbk 898,322 89,832 10,000 SSX 1996-1997 Indocopper Investama Corporation Tbk 41,300 2001-04-17 INAF Indofarma Tbk IDX 2010-10-07 ICBP Indofood CBP Sukses Makmur Tbk 1994-07-14 INDF Indofood Sukses Makmur Tbk IDX 2013-12-10 IMJS Indomobil Multi Jasa Tbk JSX 1993-11-15 IMAS Indomobil Sukses Internasional Tbk Indo Sepamas Anggun 22,800 6,000 3,800 IDX 2015-11-30 IDPR Indonesia Pondasi Raya Tbk 1994-08-22 OMRE Indonesia Prima Property Tbk 2006-09-13 IATA Indonesia Transport & Infrastructure Tbk Indonesia Air Transport 2004-12-01 INPP Indonesian Paradise Property Tbk IDX 2010-07-09 IPOL Indopoly Swakarsa Industry Tbk JSX 1990-08-03 INDR Indorama Synthetics Tbk 87,500 7,000 12,500 2000-12-11 DNET Indoritel Makmur Internasional Tbk Dyviacom Intrabumi 1994-10-19 ISAT Indosat Tbk 2004-10-04 IDKM Indosiar Karya Media JSX 1990-08-10 INDS Indospring Tbk 27,000 3,000 9,000 IDX 2017-04-10 CARS Industri dan Perdagangan Bintraco Dharma Tbk IDX 2013-12-18 SIDO Industri Jamu dan Farmasi Sido Muncul Tbk 2001-11-05 IATG Infoasia Teknologi Global Tbk IDX 2009-07-03 INVS Inovisi Infracom Tbk IDX 2014-12-22 IBFN Intan Baruprana Finance Tbk JSX 1990-07-24 INCI Intanwijaya Internasional Tbk Intan Wijaya Chemical 33,000 4,000 8,250 Industry IDX 2017-06-21 WOOD Integra Indocabinet Tbk JSX 1989-12-18 INTD Inter Delta Tbk 9,000 1,250 7,200 IDX 2014-04-11 MDIA Intermedia Capital Tbk 2002-10-20 IIKP Inti Agri Resources Tbk Inti Kapuas Arowana IDX 2012-08-31 IBST Inti Bangun Sejahtera Tbk 1997-06-04 IKAI Intikeramik Alamasri Industri Tbk SSX 1996-1997 Intikeramik Alamasri Industri Tbk 255,000 340,000 750 JSX 1991-09-04 DILD Intiland Development Tbk Dharmala Intiland 53,400 12,000 4,450 JSX 1993-08-23 INTA Intraco Penta Tbk 20,250 6,000 3,375 2005-07-08 ICON Island Concepts Indonesia Tbk

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Table â&#x20AC;&#x201C; IPO schedules in Jakarta Stock Exchanges (JSX), Surabaya Stock Exchange (SSX), and Indonesia Stock Exchange (IDX), by date, ticker, company names, proceeds, shares offered and priced, 1997-2017 Proceed Shares Price X IPO Date Ticker Issuer Name +.info (Rp mn) (000) (Rp) 2003-04-22 PSAB J Resources Asia Pasifik Tbk (2007-12-01) 2000-08-02 JAKA Jaka Inti Realtindo Tbk JSX 1984-02-29 JIHD Jakarta International Hotels & 9,927 6,618 1,500 Development Tbk JSX 1988-11-21 JIHD Jakarta International Hotels & Right Issue I 0 3,500 Development Tbk 1997-08-06 JKSW Jakarta Kyoei Steel Works Tbk Jakarta Kyoei Steel Works Ltd 1998-01-12 JSPT Jakarta Setiabudi Internasional Tbk JSX 1989-10-23 JPFA Japfa Comfeed Indonesia Tbk Java Pelletizing Factory, 28,800 4,000 7,200 Java Comfeed Indonesia IDX 2007-11-12 JSMR Jasa Marga (Persero) Tbk 2002-04-16 JTPE Jasuindo Tiga Perkasa Tbk IDX 2011-05-30 JAWA Jaya Agra Wattie Tbk IDX 2007-12-04 JKON Jaya Konstruksi Manggala Pratama Tbk JSX 1989-08-04 JPRS Jaya Pari Steel Tbk 26,208 3,360 7,800 1994-06-29 JRPT Jaya Real Property Tbk JSX 1992-11-18 JECC Jembo Cable Company Tbk 47,500 10,000 4,750 JSX 1992-06-01 KBLM Kabelindo Murni Tbk 18,600 3,100 6,000 JSX 1991-07-30 KLBF Kalbe Farma Tbk 78,000 10,000 7,800 JSX 1993-08-13 GDWU Kasogi Internasional Tbk Ganda Wangsa Utama 23,500 10,000 2,350 IDX 2009-07-14 RINA Katarina Utama Tbk 1995-01-10 KIJA Kawasan Industri Jababeka Tbk JSX 1993-10-28 KICI Kedaung Indah Can Tbk Kedaung Indah Can 26,000 10,000 2,600 Industry 1996-07-29 KDSI Kedawung Setia Industrial Tbk 1994-12-08 KIAS Keramika Indonesia Assosiasi Tbk IDX 2008-07-11 KBRI Kertas Basuki Rachmat Indonesia Tbk 2001-07-04 KAEF Kimia Farma (Persero) Tbk IDX 2015-12-11 KINO Kino Indonesia Tbk IDX 2017-10-05 KIOS Kioson Komersial Indonesia Tbk IDX 2017-06-19 KMTR Kirana Megatara Tbk JSX 1992-07-06 KBLI KMI Wire & Cable Tbk Kabel Metal 35,000 10,000 3,500 IDX 2012-07-05 KOBX Kobexindo Tractors Tbk IDX 2008-04-09 KOIN Kokoh Inti Arebama Tbk IDX 2010-11-10 KRAS Krakatau Steel (Persero) Tbk 2002-01-28 KREN Kresna Graha Investama Tbk Kresna Graha Sekurindo Tbk 2001-07-18 LAMI Lamicitra Nusantara Tbk 1994-10-17 LMPI Langgeng Makmur Industri Tbk 1997-07-21 LTLS Lautan Luas Tbk SSX 1996-1997 Lautan Luas Tbk 442,500 150,000 2,950 2001-11-26 ITTG Leo Investments Tbk 2001-07-17 LAPD Leyand International Tbk 2001-12-28 LMAS Limas Indonesia Makmur Tbk Limas Centric Indonesia Tbk IDX 2014-06-02 LINK Link Net Tbk JSX 1993-08-20 LION Lion Metal Works Tbk 6,450 3,000 2,150 JSX 1990-05-25 LMSH Lionmesh Prima Tbk 4,320 600 7,200 1997-07-24 LPCK Lippo Cikarang Tbk SSX 1996-1997 Lippo Cikarang Tbk 643,800 696,000 925 1997-07-22 LPGI Lippo General Insurance Tbk SSX 1996-1997 Lippo General Insurance Tbk 333,750 150,000 2,225 1996-06-28 LPKR Lippo Karawaci Tbk JSX 1991-07-15 LPLD Lippo Land Development Tbk. 73,500 15,000 4,900 1994-03-28 LPPS Lippo Securities Tbk IDX 2013-12-11 LEAD Logindo Samudramakmur Tbk 2002-03-21 FPNI Lotte Chemical Titan Tbk Titan Kimia Nusantara IDX 2014-07-07 MGNA Magna Finance Tbk 2002-04-03 ABBA Mahaka Media Tbk IDX 2016-02-11 MARI Mahaka Radio Integra Tbk SSX 1996-1997 Maharani Intifinance Tbk 72,000 120,000 600 2001-07-13 AKSI Majapahit Inti Corpora Tbk Majapahit Securities Tbk 2006-02-10 MAIN Malindo Feedmill Tbk 2005-09-06 MFIN Mandala Multifinance Tbk JSX 1993-09-30 TCID Mandom Indonesia Tbk Tancho Indonesia 32,340 4,400 7,350 2000-10-23 MANY Manly Unitama Finance Tbk IDX 2017-06-21 MAPB MAP Boga Adiperkasa Tbk IDX 2017-06-22 MABA Marga Abhinaya Abadi Tbk IDX 2017-07-12 MARK Mark Dynamics Indonesia Tbk IDX 2011-01-13 MBTO Martina Berto Tbk 1994-02-09 MAMI Mas Murni Indonesia Tbk JSX 1989-09-04 MREI Maskapai Reasuransi Indonesia Tbk 10,000 2,000 5,000 JSX 1989-10-09 LPPF Matahari Department Store Tbk Lippo Pacific Finance Tbk 16,906 2,140 7,900 JSX 1992-12-21 MPPA Matahari Putra Prima Tbk 62,205 8,700 7,150

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table â&#x20AC;&#x201C; IPO schedules in Jakarta Stock Exchanges (JSX), Surabaya Stock Exchange (SSX), and Indonesia Stock Exchange (IDX), by date, ticker, company names, proceeds, shares offered and priced, 1997-2017 Proceed Shares Price X IPO Date Ticker Issuer Name +.info (Rp mn) (000) (Rp) JSX 1990-07-12 MYOR Mayora Indah Tbk 27,900 3,000 9,300 1994-10-12 MEDC Medco Energi Internasional Tbk IDX 2007-06-22 MNCN Media Nusantara Citra Tbk IDX 2015-06-12 MMLP Mega Manunggal Property Tbk IDX 2011-01-12 EMDE Megapolitan Developments Tbk IDX 2017-07-05 MPOW Megapower Makmur Tbk JSX 1981-07-23 MERK Merck Indonesia Tbk 3,192 1,680 1,900 JSX 1990-06-08 SCPI Merck Sharp Dohme Pharma Tbk Schering Plough Indonesia 11,373 892 12,750 Tbk IDX 2015-06-19 MDKA Merdeka Copper Gold Tbk JSX 1992-01-08 MTSM Metro Realty Tbk Metro Supermarket Realty 7,500 1,500 5,000 Tbk JSX 1990-04-09 MTDL Metrodata Electronics Tbk Metro Data Epsindo 9,982 1,468 6,800 IDX 2009-07-10 MKPI Metropolitan Kentjana Tbk IDX 2011-06-20 MTLA Metropolitan Land Tbk IDX 2010-11-30 MIDI Midi Utama Indonesia Tbk JSX 1990-05-07 SDPC Millennium Pharmacon International Tbk NVPD Soedarpo Corp 13,000 2,600 5,000 IDX 2012-01-09 PADI Minna Padi Investama Tbk 2004-11-10 MAPI Mitra Adiperkasa Tbk IDX 2015-05-04 KOPI Mitra Energi Persada Tbk 1997-01-30 MIRA Mitra International Resources Tbk 1997-07-16 MITI Mitra Investindo Tbk IDX 2015-03-24 MIKA Mitra Keluarga Karyasehat Tbk IDX 2015-10-21 MKNT Mitra Komunikasi Nusantara Tbk IDX 2016-02-10 MTRA Mitra Pemuda Tbk IDX 2013-05-29 MPMX Mitra Pinasthika Mustika Tbk IDX 2011-04-06 MBSS Mitrabahtera Segara Sejati Tbk IDX 2014-07-10 MBAP Mitrabara Adiperdana Tbk 1997-11-24 BHIT MNC Investama Tbk Bhakti Investama 2001-06-08 BCAP MNC Kapital Indonesia Tbk Bhakti Capital Indonesia 2000-03-30 KPIG MNC Land Tbk Global Land Development Tbk IDX 2012-07-09 MSKY MNC Sky Vision Tbk JSX 1991-07-16 MDRN Modern Internasional Tbk Modern Photo Film Co 30,600 4,500 6,800 JSX 1993-01-18 MDLN Modernland Realty Tbk Modernland Realty Ltd 106,020 22,800 4,650 1994-01-17 MLIA Mulia Industrindo Tbk IDX 2013-01-16 MAGP Multi Agro Gemilang Plantation Tbk JSX 1990-07-24 TRPK Multi Agro Persada Tbk. Trafindo Perkasa Utama 9,800 1,000 9,800 JSX 1981-12-15 MLBI Multi Bintang Indonesia Tbk 5,526 3,520 1,570 2005-11-02 MICE Multi Indocitra Tbk JSX 1990-02-05 LPIN Multi Prima Sejahtera Tbk Lippo Industries Tbk 11,125 1,250 8,900 SSX 1996-1997 Multi Sarana Rasa Agung 1,800 1989-10-23 MSRA Multi Sarana Rasa Agung Tbk 1994-02-28 MBAI Multibreeder Adirama Indonesia Tbk IDX 2010-12-29 MFMI Multifiling Mitra Indonesia Tbk JSX 1989-11-06 MLPL Multipolar Tbk 45,444 4,328 10,500 IDX 2013-07-08 MLPT Multipolar Technology Tbk 2005-06-09 MASA Multistrada Arah Sarana Tbk 1995-07-27 MRAT Mustika Ratu Tbk 1990-06-28 ROTI Nippon Indosari Corpindo Tbk JSX 1991-07-24 NIPS Nipress Tbk 20,000 4,000 5,000 IDX 2012-09-13 NIRO Nirvana Development Tbk IDX 2007-12-19 DGIK Nusa Konstruksi Enjiniring Tbk Duta Graha Indah Tbk IDX 2013-06-27 NRCA Nusa Raya Cipta Tbk 2001-07-18 META Nusantara Infrastructure Tbk 2002-04-18 UNIT Nusantara Inti Corpora Tbk IDX 2017-03-16 PORT Nusantara Pelabuhan Handal Tbk JSX 1992-06-25 OMTR Ometraco Corp Tbk Ometraco Finance 4,875 2,500 1,950 2003-11-10 OCAP Onix Capital Tbk JSX 1990-04-03 TKIM Pabrik Kertas Tjiwi Kimia Tbk Tjiwi Kimia 88,350 9,300 9,500 2002-12-18 APIC Pacific Strategic Financial Tbk JSX 1989-10-09 PWON Pakuwon Jati Tbk 21,900 3,000 7,300 JSX 1990-08-16 PBRX Pan Brothers Tbk Pan Brothers Tex 33,060 3,800 8,700 1997-06-22 PAFI Panasia Filament Inti SSX 1996-1997 Panasia Filament Inti Tbk 162,500 250,000 650 JSX 1990-06-06 HDTX Panasia Indo Resources Tbk Panasia Indosyntex, 82,250 7,000 11,750 Hadtex Indosyntex 2005-06-24 PEGE Panca Global Securities Tbk 1994-03-10 PWSI Panca Wiratama Sakti Tbk JSX 1983-06-14 PNLF Panin Financial Tbk Panin Life Tbk 3,009 1,020 2,950 2000-12-31 PANS Panin Sekuritas Tbk JSX 1983-09-20 PNIN Paninvest Tbk Panin Insurance Tbk 880 765 1,150 2001-09-18 PANR Panorama Sentrawisata Tbk IDX 2007-05-31 WEHA Panorama Transportasi Tbk IDX 2016-09-28 PBSA Paramita Bangun Sarana Tbk

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Table â&#x20AC;&#x201C; IPO schedules in Jakarta Stock Exchanges (JSX), Surabaya Stock Exchange (SSX), and Indonesia Stock Exchange (IDX), by date, ticker, company names, proceeds, shares offered and priced, 1997-2017 Proceed Shares Price X IPO Date Ticker Issuer Name +.info (Rp mn) (000) (Rp) 1996-09-23 PICO Pelangi Indah Canindo Tbk IDX 2009-12-14 NIKL Pelat Timah Nusantara Tbk IDX 2013-01-09 BBRM Pelayaran Nasional Bina Buana Raya Tbk IDX 2012-11-10 NELY Pelayaran Nelly Dwi Putri Tbk IDX 2017-05-10 TAMU Pelayaran Tamarin Samudra Tbk 2003-07-09 TMAS Pelayaran Tempuran Emas Tbk 2000-03-11 PGLI Pembangunan Graha Lestari Indah Tbk (2000-04-05) 2004-07-02 PJAA Pembangunan Jaya Ancol Tbk IDX 2010-02-09 PTPP Pembangunan Perumahan (Persero) Tbk 1995-08-22 KONI Perdana Bangun Pusaka Tbk IDX 2007-10-10 GPRA Perdana Gapura Prima Tbk IDX 2007-07-11 PKPK Perdana Karya Perkasa Tbk JSX 1992-01-06 TKGA Permata Prima Sakti Tbk Toko Gunung Agung Tbk 5,000 1,000 5,000 2003-12-15 PGAS Perusahaan Gas Negara (Persero) Tbk JSX 1990-05-21 PTRO Petrosea Tbk 42,750 4,500 9,500 SSX 1996-1997 Pfizer Indonesia 1,425 JSX 1984-02-09 PFZR Pfizer Indonesia Tbk (PFIN) 855 600 1,425 2001-10-22 RODA Pikko Land Development Tbk Royal Oak Development Asia (2001-11-22) 1994-05-30 PTSP Pioneerindo Gourmet International Tbk JSX 1992-06-15 PLIN Plaza Indonesia Realty Tbk 173,250 35,000 4,950 2001-03-16 PLAS Polaris Investama Tbk JSX 1993-10-20 ADMG Polychem Indonesia Tbk Andayani Megah 85,000 20,000 4,250 JSX 1991-03-20 POOL Pool Advista Indonesia Tbk Pool Asuransi Indonesia 16,200 1,800 9,000 1996-07-05 LSIP PP London Sumatra Indonesia Tbk IDX 2015-05-19 PPRO PP Properti Tbk 1994-10-18 PSDN Prasidha Aneka Niaga Tbk JSX 1989-07-18 SSGS Praxair Indonesia Tbk Sepanjang Surya Gas Tbk 15,170 3,700 4,100 JSX 1990-07-12 PRAS Prima Alloy Steel Universal Tbk 13,500 2,000 6,750 1994-08-30 BIMA Primarindo Asia Infrastructure Tbk JSX 1980-04-28 PGIN Procter & Gamble Indonesia Tbk 840 280 3,000 SSX 1996-1997 Prodenta Indonesia 1,450 IDX 2016-12-07 PRDA Prodia Widyahusada Tbk IDX 2016-07-18 OASA Protech Mitra Perkasa Tbk IDX 2012-10-08 PALM Provident Agro Tbk JSX 1990-05-01 PNSE Pudjiadi & Sons Tbk Pudjiadi & Sons Estates 13,600 2,000 6,800 Tbk 1994-11-18 PUDP Pudjiadi Prestige Tbk IDX 2015-05-29 DMAS Puradelta Lestari Tbk SSX 1996-1997 Pusako Tarinka 650 SSX 1996-1997 Putra Surya Multidana Tbk 3,051,871 1,403,159 2,175 2001-10-16 PYFA Pyridam Farma Tbk IDX 2011-05-10 HDFA Radana Bhaskara Finance Tbk HD Finance 2006-07-12 RUIS Radiant Utama Interinsco Tbk 1996-07-24 RALS Ramayana Lestari Sentosa Tbk 2003-04-30 ARTI Ratu Prabu Energi Tbk 1995-09-29 PSKT Red Planet Indonesia Tbk Pusako Tarinka Tbk 2005-07-13 RELI Reliance Securities Tbk 2004-07-15 SQMI Renuka Coalindo Tbk JSX 1991-07-01 KKGI Resource Alam Indonesia Tbk Kurnia Kapuas Glue 25,650 4,500 5,700 1998-01-22 RICY Ricky Putra Globalindo Tbk JSX 1990-03-05 RIGS Rig Tenders Indonesia Tbk 37,500 15,000 2,500 1994-12-08 CMPP Rimau Multi Putra Pratama Tbk Centris Multi Persada Pratama Tbk 2000-11-10 RIMO Rimo International Lestari Tbk Rimo Catur Lestari Tbk 1997-12-19 RBMS Ristia Bintang Mahkotasejati Tbk JSX 1990-05-14 RDTX Roda Vivatex Tbk 7,500 1,000 7,500 SSX 1996-1997 Royal Sentul Highlands Tbk 715,000 1,430,000 500 2006-04-19 RAJA Rukun Raharja Tbk IDX 2011-06-09 SIMP Salim Ivomas Pratama Tbk 2000-07-27 MYOH Samindo Resources Tbk Myoh Technology Tbk IDX 2007-06-18 SGRO Sampoerna Agro Tbk 1999-12-05 SMDR Samudera Indonesia Tbk IDX 2017-04-28 MINA Sanurhasta Mitra Tbk JSX 1984-12-04 PROD Sara Lee Body Care Indonesia Tbk Prodenta Indonesia Tbk 320 221 1,450 (PRDT) IDX 2013-01-11 SAME Sarana Meditama Metropolitan Tbk IDX 2010-03-08 TOWR Sarana Menara Nusantara Tbk IDX 2011-12-21 BAJA Saranacentral Bajatama Tbk IDX 2013-01-10 HOTL Saraswati Griya Lestari Tbk IDX 2013-06-26 SRTG Saratoga Investama Sedaya Tbk JSX 1983-08-05 SHDA Sari Husada Tbk 1,850 1,000 1,850 JSX 1987-02-25 SHDA Sari Husada Tbk Right Issue I 1,850 IDX 2017-05-05 CLEO Sariguna Primatirta Tbk IDX 2007-11-08 PTSN Sat Nusapersada Tbk

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table â&#x20AC;&#x201C; IPO schedules in Jakarta Stock Exchanges (JSX), Surabaya Stock Exchange (SSX), and Indonesia Stock Exchange (IDX), by date, ticker, company names, proceeds, shares offered and priced, 1997-2017 Proceed Shares Price X IPO Date Ticker Issuer Name +.info (Rp mn) (000) (Rp) IDX 2013-12-12 SSMS Sawit Sumbermas Sarana Tbk IDX 2011-04-11 SRAJ Sejahteraraya Anugrahjaya Tbk JSX 1993-01-05 SKBM Sekar Bumi Tbk 37,500 7,500 5,000 JSX 1993-09-08 SKLT Sekar Laut Tbk 25,800 6,000 4,300 IDX 2008-10-17 SIAP Sekawan Intipratama Tbk 1996-09-09 SMSM Selamat Sempurna Tbk IDX 2013-06-28 SMBR Semen Baturaja (Persero) Tbk JSX 1991-07-08 SMGR Semen Indonesia (Persero) Tbk Semen Gresik (Persero) 280,000 40,000 7,000 Tbk 1997-07-28 BKSL Sentul City Tbk JSX 1982-03-24 BATA Sepatu Bata Tbk 1,524 1,200 1,270 1996-12-16 STTP Siantar Top Tbk IDX 2011-07-12 SDMU Sidomulyo Selaras Tbk 1996-12-27 SIPD Sierad Produce Tbk 1995-01-26 TMPI Sigmagold Inti Perkasa Tbk AGIS IDX 2016-06-16 SHIP Sillo Maritime Perdana Tbk SSX 1996-1997 Siloam Geneagles Health Care Tbk 433,048 146,796 2,950 SSX 1996-1997 Siloam Geneagles Health Care Tbk 2,950 IDX 2013-09-12 SILO Siloam International Hospitals Tbk 1995-07-05 SMMA Sinar Mas Multiartha Tbk SSX 1996-1997 Singer Industries Indonesia Tbk 1,540 JSX 1983-12-30 SING Singleterra Tbk Singer Industries, Singer 806 523.5 1,540 Indonesia Tbk (SNGR) IDX 2014-07-11 TARA Sitara Propertindo Tbk 1994-06-03 SIMA Siwani Makmur Tbk IDX 2010-07-07 SKYB Skybee Tbk 1994-03-21 SULI SLJ Global Tbk Sumalindo Lestari Jaya Tbk JSX 1992-11-20 SMAR SMART Tbk SMART Corp Tbk 90,000 30,000 3,000 2006-11-29 FREN Smartfren Telecom Tbk IDX 2011-10-10 SMRU SMR Utama Tbk IDX 2014-12-03 SOCI Soechi Lines Tbk SSX 1996-1997 Sofyan Hotels 1,250 1989-06-30 SHOT Sofyan Hotels Tbk IDX 2011-10-11 SUPR Solusi Tunas Pratama Tbk JSX 1992-07-21 SONA Sona Topas Tourism Industry Tbk Sona Topas 5,625 1,500 3,750 JSX 1992-08-03 SOBI Sorini Agro Asia Corporindo Tbk Sorini Corp 21,000 3,500 6,000 IDX 2013-06-17 SRIL Sri Rejeki Isman Tbk JSX 1989-10-23 LPLI Star Pacific Tbk Asuransi Lippo Life Tbk, 9,107 1,071 8,500 Lippo Life Insurance IDX 2011-07-13 STAR Star Petrochem Tbk 1994-08-15 SAFE Steady Safe Tbk IDX 2013-02-22 ISSP Steel Pipe Industry of Indonesia Tbk JSX 1991-12-09 SUBA Suba Indah Tbk 11,100 3,000 3,700 2002-06-19 SUGI Sugih Energy Tbk Sugi Samapersada Tbk IDX 2009-01-15 AMRT Sumber Alfaria Trijaya Tbk JSX 1990-12-10 ITMA Sumber Energi Andalan Tbk Itamaraya Gold Industry 27,800 4,000 6,950 JSX 1991-01-21 IKBI Sumi Indo Kabel Tbk IKI Indah Kabel 17,325 3,500 4,950 JSX 1990-05-07 SMRA Summarecon Agung Tbk 45,336 6,667 6,800 1997-08-20 SSTM Sunson Textile Manufacture Tbk SSX 1996-1997 Sunson Textile Manufacturer Tbk 355,600 418,354 850 1994-11-16 SPMA Suparma Tbk JSX 1993-12-20 SUMI Super Mitory Utama Tbk Super Mitori Utama 16,320 6,800 2,400 IDX 2012-06-07 RANC Supra Boga Lestari Tbk JSX 1982-07-20 SCCO Supreme Cable Manufacturing & Supreme Cable 5,280 4,800 1,100 Commerce Tbk Manufacturing Corporation Tbk, Sucaco 1983-06-17 SCCO Supreme Cable Manufacturing & Right Issue I Commerce Tbk JSX 1993-05-03 SAIP Surabaya Agung Industry Pulp Tbk 70,000 20,000 3,500 2002-07-16 SCMA Surya Citra Media Tbk IDX 2012-02-01 ESSA Surya Esa Perkasa Tbk 2000-03-28 SIMM Surya Intrindo Makmur Tbk 1997-03-27 SSIA Surya Semesta Internusa Tbk JSX 1990-10-30 TOTO Surya Toto Indonesia Tbk 38,431 2,688 14,300 1998-01-08 SIIP Suryainti Permata Tbk 1995-10-12 SMDM Suryamas Dutamakmur Tbk JSX 1983-03-29 SQBB Taisho Pharmaceutical Indonesia Tbk Squibb Indonesia Tbk 1,021 972 1,050 2002-12-23 PTBA Tambang Batubara Bukit Asam (Persero) Bukit Asam (Persero) Tbk Tbk 2001-05-17 INDX Tanah Laut Tbk 1995-11-14 TLKM Telekomunikasi Indonesia (Persero) Tbk JSX 1990-05-21 TBMS Tembaga Mulia Semanan Tbk 47,475 3,367 14,100 2001-01-08 TMPO Tempo Intimedia Tbk 1994-06-17 TSPC Tempo Scan Pacific Tbk

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Table â&#x20AC;&#x201C; IPO schedules in Jakarta Stock Exchanges (JSX), Surabaya Stock Exchange (SSX), and Indonesia Stock Exchange (IDX), by date, ticker, company names, proceeds, shares offered and priced, 1997-2017 Proceed Shares Price X IPO Date Ticker Issuer Name +.info (Rp mn) (000) (Rp) IDX 2017-05-16 TGRA Terregra Asia Energy Tbk 1994-10-03 TEJA Texmaco Jaya Tbk JSX 1993-03-11 TPEN Texmaco Perkasa Enginering Tbk 1,000 4,800 JSX 1990-12-12 TEXT Textronic Permai Electronic Tbk 15,900 3,000 5,300 IDX 2011-07-08 TIFA Tifa Finance Tbk JSX 1980-02-26 TFCO Tifico Fiber Indonesia Tbk Tificorp 7,975 1,100 7,250 1997-06-11 AISA Tiga Pilar Sejahtera Food Tbk JSX 1990-06-11 TGKA Tigaraksa Satria Tbk Tiga Raksa Satria 14,375 2,500 5,750 1995-10-19 TINS Timah (Persero) Tbk IDX 2012-01-12 TELE Tiphone Mobile Indonesia Tbk JSX 1993-07-27 TIRA Tira Austenite Tbk 6,200 2,000 3,100 1999-12-13 TIRT Tirta Mahakam Resources Tbk IDX 2012-07-06 TOBA Toba Bara Sejahtra Tbk JSX 1990-06-18 INRU Toba Pulp Lestari Tbk Inti Indorayon Utama 267,920 27,200 9,850 2006-07-25 TOTL Total Bangun Persada Tbk IDX 2017-06-16 TOPS Totalindo Eka Persada Tbk IDX 2010-10-26 TBIG Tower Bersama Infrastructure Tbk IDX 2008-09-10 TRAM Trada Maritime Tbk IDX 2013-02-20 TPMA Trans Power Marine Tbk IDX 2012-07-10 ALTO Tri Banyan Tirta Tbk JSX 1990-07-02 TRST Trias Sentosa Tbk 35,400 3,000 11,800 IDX 2009-04-14 TRIO Trikomsel Oke Tbk 2000-01-31 TRIM Trimegah Sekuritas Indonesia Tbk Trimegah Securities Tbk IDX 2012-06-28 TRIS Trisula International Tbk IDX 2017-10-03 BELL Trisula Textile Industries Tbk IDX 2008-01-28 TRIL Triwira Insanlestari Tbk 2006-10-16 TRUB Truba Alam Manunggal Engineering Tbk 2002-11-28 TRUS Trust Finance Indonesia Tbk IDX 2014-01-17 TALF Tunas Alfin Tbk 2000-02-14 TBLA Tunas Baru Lampung Tbk 1995-05-06 TURI Tunas Ridean Tbk JSX 1990-07-02 ULTJ Ultra Jaya Milk Industry & Trading Tbk Ultra Jaya Milk Industry 45,000 6,000 7,500 JSX 1989-11-06 UNIC Unggul Indah Cahaya Tbk Unggul Indah Corporation 155,250 9,000 17,250 Tbk JSX 1982-01-11 UNVR Unilever Indonesia Tbk 29,210 9,200 3,175 JSX 1989-09-19 UNTR United Tractors Tbk 19,575 2,700 7,250 SSX 1996-1997 Unitex 1,475 JSX 1982-06-28 UNTX Unitex Indonesia Tbk 1,082 734 1,475 JSX 1990-05-16 INCO Vale Indonesia Tbk International Nickel 486,881 49,682 9,800 Indonesia Tbk, INCO IDX 2008-06-25 VRNA Verena Multi Finance Tbk IDX 2015-09-28 VINS Victoria Insurance Tbk IDX 2013-07-08 VICO Victoria Investama Tbk IDX 2011-11-21 VIVA Visi Media Asia Tbk IDX 2010-07-07 GOLD Visi Telekomunikasi Infrastruktur Tbk Golden Retailindo JSX 1990-12-20 VOKS Voksel Electric Tbk Voksel Electrics 20,020 3,080 6,500 2004-12-13 WOMF Wahana Ottomitra Multiartha Tbk 2001-06-22 WAPO Wahana Pronatural Tbk Wahana Phonix Mandiri Tbk 1996-10-07 JWJI Waniaindah Busana Tbk Jeewon Jaya Indonesia Tbk (20021231) IDX 2016-09-20 WSBP Waskita Beton Precast Tbk IDX 2012-12-19 WSKT Waskita Karya (Persero) Tbk 1994-08-08 WICO Wicaksana Overseas International Tbk IDX 2007-10-29 WIKA Wijaya Karya (Persero) Tbk IDX 2014-04-08 WTON Wijaya Karya Beton Tbk 1996-07-09 CEKA Wilmar Cahaya Indonesia Tbk Cahaya Kalbar IDX 2010-11-29 WINS Wintermar Offshore Marine Tbk IDX 2012-12-18 WIIM Wismilak Inti Makmur Tbk 2005-09-29 EXCL XL Axiata Tbk IDX 2008-03-05 YPAS Yanaprima Hastapersada Tbk 2004-12-10 YULE Yulie Sekurindo Tbk JSX 1991-08-01 ZBRA Zebra Nusantara Tbk Zebra Taxi Tbk 1,276 851 1,500

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Akbar Indo Makmur Stimec Tbk, PT (AIMS) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

AIMS Jl. Tomang Raya No. 20 Jakarta (021) 345-6868 (021) 380-8566

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Miscellaneous Wholesalers 9 55,880,000,000 (IDR) 220,000,000 46,250,000 20th Jul 2001 31st Jan 2018

Issuer: ISIN Code ISIN Status Short Code Type Listing Date Stock Exchange Status Nominal Value Currency Form Effective Date ISIN Number of Securities Activity Sector Local Percentage Foreign Percentage

Akbar Indo Makmur Stimec Tbk, PT ID1000071202 Active AIMS Equity 20-Jul-01 IDX Available 100 IDR Electronic 20-Jul-01 220,000,000.00 (Total) Wholesale (Durable & Non Durable Goods) 100.00% 0.00%

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JAK IDR December Ordinary Indonesia 7th May 1997 254 (IDR)

AIMS's principal activities are trading and mining coal. Other businessess include processing rubber and distributing pharmaceutical products. (www.corporateinformation.com)

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of AIMS, Dec. 2003 – Sept. 2017 Financial Report Reporting Date Available QR 9/30/2017 10/31/2017 QR 6/30/2017 7/28/2017 QR 3/31/2017 5/2/2017 AR 12/31/2016 5/2/2017 QR 12/31/2016 4/11/2017 QR 9/30/2016 10/31/2016 AR 12/31/2015 8/7/2016 QR 6/30/2016 7/29/2016 QR 3/31/2016 5/23/2016 QR 6/30/2010 4/14/2016 QR 9/30/2015 10/30/2015 QR 6/30/2015 8/4/2015 QR 3/31/2015 5/1/2015 AR 12/31/2014 5/1/2015 QR 9/30/2014 10/31/2014 QR 6/30/2014 8/4/2014 QR 12/31/2013 6/7/2014 QR 3/31/2014 4/30/2014 AR 12/31/2013 4/30/2014 QR 9/30/2013 11/1/2013 QR 6/30/2013 10/14/2013 QR 3/31/2013 10/14/2013 QR 9/30/2012 10/14/2013 QR 6/30/2012 10/14/2013 AR 12/31/2012 8/5/2013 QR 3/31/2012 4/30/2012 AR 12/31/2011 3/29/2012 QR 9/30/2011 11/1/2011 QR 6/30/2011 7/28/2011 QR 3/31/2011 5/2/2011 AR 12/31/2010 4/1/2011 QR 9/30/2010 11/9/2010 QR 3/31/2010 5/26/2010 QR 3/31/2009 4/9/2010 AR 12/31/2009 4/1/2010 QR 9/30/2009 11/5/2009 QR 6/30/2009 6/30/2009 AR 12/31/2008 12/31/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007 QR 6/30/2007 6/30/2007 AR 12/31/2006 12/31/2006 QR 9/30/2006 9/30/2006 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 AR 12/31/2005 12/31/2005 QR 9/30/2005 9/30/2005 AR 12/31/2004 12/31/2004 AR 12/31/2004 12/31/2004 AR 12/31/2003 12/31/2003

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Table 6 – Available financial reports of AIMS, Dec. 2003 – Sept. 2017

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Bhuwanatala Indah Permai Tbk, PT (BIPP) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

BIPP Kanindo Plaza Lt. 3, Jl. Jend. Gatot Subroto kav. 23 (021) 252-2535 (021) 252-2532

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Financial Rental & Leasing 140 402,293,547,040 (IDR) 5,028,669,338 613,702,976 23rd Oct 1995 8th Feb 2018

Bhuwanatala Indah Permai Tbk, PT ID1000076508 Active BIPP Equity 23-Oct-95 IDX Available 500.00 IDR Electronic 13-Dec-01 4,669,650,000.00 (Total) Property and Real Estate 24.41% 75.59%

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JAK IDR December Ordinary Indonesia 21st Dec 1986 80 (IDR)

PT Bhuwanatala Indah Permai Tbk is an Indonesia-based property management company. The Company is engaged in the construction, development and management of apartments, office buildings, shopping centers and housing complexes. The Company's subsidiaries, which are engaged in the financial services industry and the property business include BIP Holdings International Pte Ltd, PT Asri Kencana Gemilang, PT BIP Nusatirta and PT BIP Lokakencana. (http://www.google.com/finance?q=JAK:BIPP)

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of BIPP, Dec. 2007 – June 2011 Financial Report Reporting Date Available IPO 1989-06-27 ✔ RI.1 1991-07-23 ✔ RI.2 1996-11-12 ✔ RI.3 1998-03-27 ✔ AR 2009-12-31 ✔ QR 2010-03-31 ✔ QR.rev 2010-03-31 ✔ QR 2010-06-30 ✔ QR.rev 2010-06-30 ✔ QR 2010-09-30 ✔ QR 2010-12-31 ✔ AR 2010-12-31 ✔ QR 2011-03-31 ✔ QR.rev 2011-03-31 ✔ QR 2011-09-30 ✔ AR 2011-12-31 ✔ QR 2012-06-30 ✔ QR 2012-09-30 ✔ RI.4 2012-11-30 ✔ AR 2012-12-31 ✔ AR 2013-12-31 ✔ AR 2014-12-31 ✔ QR 2015-03-31 ✔ RI.5 2015-06-25 ✔ QR 2015-06-30 ✔ QR 2015-09-30 ✔ AR 2015-12-31 ✔ QR 2016-03-31 ✔ QR 2016-09-30 ✔ AR 2016-12-31 ✔ QR 2016-12-31 ✔

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Table 7 – Available financial reports of BIPP, Dec. 2007 – June 2011

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Central Omega Resources Tbk, PT (DKFT) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

DKFT Menara Standard Chartered 18th Floor, Zona F Jl. Prof. Dr. Satrio No.164 021-255 32188 021-255 32189

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Finance (8) Financial Institution (82) 0 2,244,022,146,800 (IDR) 5,638,246,600 0 21st Nov 1997 6th Feb 2018

Central Omega Resources Tbk, PT ID1000091903 Not Traded DKFT Equity 21-Nov-97 IDX Available 500.00 IDR Electronic 26-Aug-02 5,638,250,000.00 (Total) Metal and Mineral Mining 98.42% 1.58%

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JAK IDR December Indonesia

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398 (IDR)

PT Central Omega Resources Tbk, formerly PT Duta Kirana Finance Tbk, is an Indonesia-based financial services company. It is engaged in the leasing, factoring and consumer financing industries. The Company's subsidiaries are PT Mulia Pasific Resources and PT Mega Buana Resources. (http://www.google.com/finance?q=JAK:DKFT)

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of DKFT, Dec. 2008 – Sept. 2017 Financial Report Reporting Date Available QR 9/30/2017 10/31/2017 QR 6/30/2017 8/1/2017 QR 3/31/2017 5/3/2017 AR 12/31/2016 5/3/2017 QR 12/31/2016 4/11/2017 QR 9/30/2016 10/31/2016 QR 9/30/2016 10/31/2016 QR 6/30/2016 7/29/2016 QR 3/31/2016 5/25/2016 AR 12/31/2015 5/13/2016 QR 9/30/2015 10/30/2015 QR 6/30/2015 8/4/2015 QR 3/31/2015 5/4/2015 AR 12/31/2014 5/4/2015 QR 9/30/2014 10/31/2014 QR 6/30/2014 8/3/2014 QR 12/31/2013 6/7/2014 AR 12/31/2013 6/7/2014 QR 3/31/2014 4/30/2014 AR 12/31/2013 2/5/2014 QR 9/30/2013 11/1/2013 QR 6/30/2013 10/15/2013 QR 9/30/2012 10/15/2013 QR 6/30/2012 10/15/2013 QR 3/31/2012 10/15/2013 QR 3/31/2013 9/19/2013 AR 12/31/2012 8/6/2013 AR 12/31/2011 5/1/2012 QR 3/31/2012 4/30/2012 QR 9/30/2011 10/31/2011 QR 6/30/2011 8/1/2011 QR 3/31/2011 4/21/2011 AR 12/31/2010 4/11/2011 QR 9/30/2010 11/9/2010 AR 12/31/2009 10/26/2010 QR 3/31/2010 5/26/2010 QR 9/30/2009 3/10/2010 QR 6/30/2009 3/10/2010 QR 3/31/2009 3/31/2009 AR 12/31/2008 12/31/2008

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Table 8 – Available financial reports of DKFT, Dec. 2008 – Sept. 2017

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COWL Graha Atrium, Lt. 6, Jl Senen Raya No. 135 62-21 - 386 7868 62-21 - 537 2919 http://www.cowelldev.com/ JAK IDR December Ordinary Indonesia 25th Mar 1981 850 (IDR)

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Financial Land and Real Estate 0 4,140,531,917,850 (IDR) 4,871,214,021 0 19th Dec 2007 31st Jan 2018

Cowell Development Tbk, PT ID1000108707 Active COWL Equity 19-Dec-07 IDX Available 100 IDR Electronic 30 November -0001 4,871,210,000.00 (Total) Property and Real Estate 78.10% 21.90%

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Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

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Cowell Development Tbk, PT (COWL)

COWL was incorporated in Jakarta in 1981 developing housing and commercial building areas. In 1984, COWL began to develop Melati Mas Residence (formerly Villa Melati Mas).

In 2000, as the shareholder, PT Gama Nusapala bought the stakes from the other shareholders, that is PT Misori Utama and PT Indokisar Djaya. The change in the ownership was followed by the changes in the management and company name in 2005 from PT Internusa Artacipta to PT Karya Cipta Putra Indonesia. With the rapid development of Melati Mas Residence, in 2004, the company began a new housing complex called Serpong Park. Through this project, the company attempts to get into a different market segment by selling houses at a more affordable price than that of Melati Mas Residence. The successful development of this housing complex is evident from the fact than now 5,000 families are occupying both complexes and also that now more commercial areas, such as shopping malls, shop house, and family sport clubs, are already built in the area.

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of COWL, Dec. 2007 – Dec. 2016 Financial Report Reporting Date Available QR 12/31/2016 11/9/2017 QR 9/30/2017 10/31/2017 QR 6/30/2017 7/29/2017 QR 6/30/2017 7/28/2017 QR 3/31/2017 5/10/2017 QR 3/31/2017 5/3/2017 AR 12/31/2016 5/2/2017 QR 12/31/2016 4/11/2017 QR 9/30/2016 10/27/2016 QR 6/30/2016 7/28/2016 QR 3/31/2016 5/11/2016 AR 12/31/2015 4/27/2016 QR 9/30/2015 10/29/2015 QR 6/30/2015 8/4/2015 QR 3/31/2015 4/29/2015 AR 12/31/2014 4/29/2015 QR 9/30/2014 10/31/2014 QR 6/30/2014 7/25/2014 QR 3/31/2014 4/30/2014 AR 12/31/2013 4/30/2014 QR 9/30/2013 11/1/2013 QR 3/31/2013 8/18/2013 AR 12/31/2012 8/6/2013 QR 6/30/2013 7/31/2013 QR 9/30/2012 10/29/2012 QR 6/30/2012 9/20/2012 AR 12/31/2011 8/1/2012 QR 3/31/2012 7/13/2012 AR 12/31/2011 3/31/2012 QR 9/30/2011 10/28/2011 QR 6/30/2011 8/1/2011 QR 3/31/2011 5/4/2011 AR 12/31/2010 3/31/2011 QR 9/30/2010 11/9/2010 QR 3/31/2009 10/18/2010 QR 3/31/2010 8/25/2010 QR 6/30/2010 7/31/2010 AR 12/31/2009 3/31/2010 QR 9/30/2009 2/25/2010 QR 6/30/2009 6/30/2009 AR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 QR 3/31/2008 3/31/2008 AR 12/31/2007 12/31/2007

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Table 9 – Available financial reports of COWL, Dec. 2007 – Dec. 2016

The housing complexes that the company develops are situated amidst the other large housing complexes such as Alam Sutra, Gading Serpong, and Bumi Serpong Damai (BSD) where public facilities like international schools, shopping malls, and entertaiment centers are abudant in the area. To be specific, Melati Mas Residence and Serpong Park are located in the west part of Jakarta, along Serpong, Tangerang, to be exact, with two accesses to toll roads, namely:

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- About 6 Km of the exit off Tomang - Tangerang Toll Road - About 5 km of the exit off Pondok Indah - Serpong Tangerang Toll Road The Housing complexes are strategically located and the access to several toll roads gives Melati Mas Residence and Serpong Park another competitive advantage. The housing complexes that the Company develops are located in the rural area with a good prospect as a business establishment and as a resindece at the same time given that the land's price in that area is still much cheaper than in Jakarta.

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In developing housing complexe, the company always abides by the relevant Goverment's regulations which require that every housing complex be equipped with public and social facilities for its residents. such as prayinh houses, schools, parks, and lakes. With this, the company Hopes that the resindece can live comfortably and safety in every housing complex it develops. (http://www.cowelldev.com/)

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

LPCK Menara Pasifik Jl. MH. Thamrin Kav. 107 Lippo Cikarang (021) 897-2484 (021) 897 2488 (021) 897-2093 (021) 897 2250 http://www.lippo-cikarang.com/ JAK IDR December Ordinary Indonesia

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Financial Land and Real Estate 473 2,422,080,000,000 (IDR) 696,000,000 339,188,000 24th Jul 1997 31st Jan 2018

Lippo Cikarang Tbk, PT ID1000080302 Active LPCK Equity 24-Jul-97 IDX Available 500 IDR Electronic 25-Mar-02 696,000,000.00 (Total) Property and Real Estate 55.58% 44.42%

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3480 (IDR)

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Lippo Cikarang Tbk, PT (LPCK)

Dimulai pada tahun 1990, dengan industri sebagai basis ekonomi yang solid, PT Lippo Cikarang Tbk (Lippo Cikarang) telah memperoleh dukungan dari mereka yang bekerja, tinggal dan berekreasi di kawasan residensial, komersial dan industrinya yang merupakan sebuah kawasan terintegrasi. Fasilitas dan infrastruktur terbaik tersedia untuk menunjang kegiatan usaha dan keluarga, yang membuat Lippo Cikarang tumbuh dan berkembang. Fasilitas-fasilitas yang ada mencakup sekolah, transportasi, mal, rumah sakit, hotel bintang lima, pasar modern dan taman rekreasi keluarga seperti Water Boom, Hom Pim Pa dan Olympic Sports Club. Fasilitas ini meningkatkan nilai dan citra Lippo Cikarang sebagai sebuah kota yang lengkap dan komprehensif di timur Jakarta. Konsep cemerlang dan pemasaran yang diterapkan oleh Perseroan, telah mengundang masyarakat sekitar untuk menikmati dan memanfaatkan infrastruktur dan fasilitas yang sangat lengkap yang ada di Lippo Cikarang, sehingga mendorong pertumbuhannya selama bertahuntahun. Perseroan merupakan salah satu pelopor pengembangan kawasan perumahan yang berkualitas tinggi, nyaman, sehat dan hijau. Kawasan perumahan kami merupakan tempat yang tepat untuk tinggal, sedangkan kawasan komersial dan industrinya sangat tepat untuk investasi. Perseroan terus melanjutkan usahanya untuk memaksimalkan kepuasan pelanggan dan pemegang saham untuk mempertahankan pertumbuhannya di masa depan. (http://www.lippo-cikarang.com/)

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Table – Available financial reports of LPCK, Dec. 2004 – June 2017 Financial Report Reporting Date Available QR 6/30/2017 7/28/2017 QR 3/31/2017 4/28/2017 QR 12/31/2016 3/7/2017 AR 12/31/2016 2/25/2017 QR 9/30/2016 10/31/2016 QR 9/30/2016 10/28/2016 QR 6/30/2016 7/28/2016 QR 3/31/2016 4/28/2016 AR 12/31/2015 4/1/2016 AR 12/31/2015 3/7/2016 QR 9/30/2015 10/30/2015 QR 6/30/2015 8/4/2015 QR 3/31/2015 5/1/2015 AR 12/31/2014 4/28/2015 QR 9/30/2014 10/31/2014 QR 6/30/2014 7/25/2014 AR 12/31/2013 6/7/2014 QR 12/31/2013 6/7/2014 QR 3/31/2014 4/30/2014 AR 12/31/2013 4/10/2014 QR 9/30/2013 11/1/2013 QR 6/30/2012 10/15/2013 QR 6/30/2013 10/2/2013 QR 6/30/2013 10/2/2013 QR 6/30/2012 8/17/2013 AR 12/31/2012 8/6/2013 QR 3/31/2013 4/22/2013 QR 9/30/2012 10/25/2012 QR 3/31/2012 5/1/2012 AR 12/31/2011 3/22/2012 QR 9/30/2011 10/31/2011 QR 6/30/2011 8/1/2011 QR 3/31/2011 4/30/2011 AR 12/31/2010 4/13/2011 AR 12/31/2010 4/1/2011 AR 12/31/2009 2/24/2011 AR 12/31/2009 10/26/2010 QR 9/30/2010 10/8/2010 QR 6/30/2010 7/31/2010 QR 3/31/2010 5/26/2010 AR 12/31/2008 1/18/2010 QR 9/30/2009 11/10/2009 QR 6/30/2009 6/30/2009 QR 3/31/2009 3/31/2009 AR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007 QR 9/30/2007 9/30/2007 QR 6/30/2007 6/30/2007 AR 12/31/2006 12/31/2006 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 QR 6/30/2005 6/30/2005 AR 12/31/2004 12/31/2004

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Table 10 – Available financial reports of LPCK, Dec. 2004 – June 2017

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

AMRT Jl. M.H. Thamrin No.9 Cikokol 6221 557 55966 6221 557 55961 http://203.130.233.71/alfamartku/ JAK IDR December Ordinary Indonesia

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Retailers Retail Trade 14,297 25,122,323,528,500 (IDR) 41,524,501,700 3,054,279,936 15th Jan 2009 6th Feb 2018

Sumber Alfaria Trijaya Tbk, PT ID1000112402 Not Traded AMRT Equity 15-Jan-09 IDX Available 100 IDR Electronic 30 November -0001 41,524,500,000.00 (Total) Retail Trade 62.44% 37.56%

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Sumber Alfaria Trijaya Tbk, PT (AMRT)

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PT Sumber Alfaria Trijaya Tbk. The Group's principal activity is engaged in distribution and trading of fast moving consumer goods (FMCG), including cigarettes, rice, cooking oil, sugar, milk, personal and household care products. It also provides franchise services under the brand name Alfamart. The Group has two business segments: Food and Non-food. (www.corporateinformation.com)

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Table – Available financial reports of AMRT, Dec. 2008 – June 2017 Financial Report Reporting Date Available AR 2008-12-31 ✔ ✔ IPO 2009-01-05 AR 2009-12-31 ✔ ✔ QR 2010-03-31 ✔ QR 2010-06-30 ✔ QR 2010-09-30 2010-12-31 ✔ QR AR 2010-12-31 ✔ QR 2011-03-31 ✔ QR 2011-06-30 ✔ QR ✔ 2011-09-30 AR 2011-12-31 ✔ FR2011-13 ✔ 2013-12-01 QR 2012-03-31 ✔ QR 2012-06-30 ✔ QR ✔ 2012-09-30 AR 2012-12-31 ✔ QR ✔ 2012-03-31 QR 2013-06-30 ✔ AR 2013-12-31 ✔ QR 2014-06-30 ✔ QR 2014-12-31 ✔ AR 2014-12-31 ✔ Ob-1.2 ✔ 2015-05-05 QR 2015-06-30 ✔ QR 2015-12-31 ✔ AR 2015-12-31 ✔ QR 2016-06-30 ✔ QR 2016-12-31 ✔ AR 2016-12-31 ✔ Ob-2.1 ✔ 2017-04-11 Ob-2.1 ✔ 2017-05-17 QR2 2017-06-30 ✔

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Table 11 – Available financial reports of AMRT, Dec. 2008 – June 2017

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Suparma Tbk, PT (SPMA) SPMA Jl. Sulung Sekolahan 6 PO BOX 1448, Surabaya 60174 Factory: Jl. Mastrip 856 Karang Pilang, Surabaya 60221 T : (031) 766 3396, 766 3270, 766 3407, 766 6666 F : (031) 766 3287 (031) 353-3963(031) 353 3842 (031) 353-3827 http://www.ptsuparmatbk.com/ JAK IDR December Ordinary Indonesia

Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

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Security: Address:

Suparma Tbk, PT ID1000042807 Not Traded SPMA Equity 15-Nov-94 IDX Available 500 IDR Certificate 29-Dec-97 1,492,050,000.00 (Total) Pulp & Paper 46.54% 53.46%

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paper Printing & Writing Paper 503 507,497,029,920 (IDR) 2,114,570,958 1,063,200,000 15th Nov 1994 31st Jan 2018

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240 (IDR)

PT Suparma Tbk was established in 1976 on a site of five (5) hectares land in Surabaya, Indonesia and employed approximately 100 people. The first paper was rolled out in 1978 using a 7,000 ton per year paper machine. Responding to the growing paper demand in the country, in 1984 the company decided to roll out her first expansion program by adding there (3) units of Paper Machine and raised her total production capacity to 51,000 ton per year. In 1992, the company further invested another two (2) units of Paper Machine with capacity of 99,000 tons p.a. to accommodate the strong increase of paper demand in the market in tandem with the Indonesian government industrialization program. In line with globalization era, PT Suparma Tbk took a profound move in becoming a public company and listed in Jakarta Stock Exchange in 1994. Today, located on a land of twenty one (21) hectares, PT Suparma Tbk operates 6 units of Paper Machine with a total combined capacity of 150,000 tons p.a. and supported by approximately 1,500 delegated employees. Holding the motto of 'Continues Improvement', PT Suparma Tbk actively serves both domestic and international market with high quality products, services and meeting the customer expectations. (http://www.ptsuparmatbk.com/) 61

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Table – Available financial reports of SPMA, Dec. 1999 – Sept. 2017 Financial Report Reporting Date Available QR 9/30/2017 10/31/2017 QR 6/30/2017 7/31/2017 QR 3/31/2017 5/2/2017 AR 12/31/2016 5/2/2017 QR 12/31/2016 4/11/2017 QR 9/30/2016 10/31/2016 QR 6/30/2016 7/29/2016 AR 12/31/2015 4/29/2016 QR 3/31/2016 4/28/2016 QR 9/30/2015 10/28/2015 QR 6/30/2015 8/4/2015 QR 3/31/2015 4/30/2015 AR 12/31/2014 4/30/2015 AR 12/31/2013 11/24/2014 QR 9/30/2014 11/3/2014 QR 6/30/2014 7/23/2014 QR 12/31/2013 6/6/2014 QR 3/31/2014 4/30/2014 QR 9/30/2013 11/1/2013 QR 6/30/2013 10/15/2013 QR 3/31/2013 10/15/2013 AR 12/31/2012 8/6/2013 QR 9/30/2012 10/30/2012 QR 6/30/2012 7/27/2012 QR 3/31/2012 5/2/2012 AR 12/31/2011 3/30/2012 QR 9/30/2011 10/31/2011 QR 6/30/2011 8/24/2011 QR 3/31/2011 8/8/2011 AR 12/31/2010 4/13/2011 AR 12/31/2009 11/24/2010 QR 9/30/2010 11/9/2010 QR 3/31/2010 10/15/2010 QR 3/31/2009 4/9/2010 QR 9/30/2009 11/10/2009 AR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007 QR 9/30/2007 9/30/2007 AR 12/31/2006 12/31/2006 QR 9/30/2006 9/30/2006 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 QR 6/30/2005 6/30/2005 AR 12/31/2004 12/31/2004 AR 12/31/2003 12/31/2003 QR 9/30/2003 9/30/2003 QR 6/30/2003 6/30/2003 AR 12/31/2002 12/31/2002 QR 6/30/2002 6/30/2002 AR 12/31/2001 12/31/2001 AR 1/1/2000 1/1/2000

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Table 12 – Available financial reports of SPMA, Dec. 1999 – Sept. 2017

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

AISA Alun Graha Lt. 1 Jl. Prof. Dr. Supomo No. 233 8318720 8351215 http://www.tigapilar.com/ JAK IDR December Series A Indonesia

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Food & Beverages Food & Beverages 2,063 1,577,114,000,000 (IDR) 3,218,600,000 938,776,000 11th Jun 1997 6th Feb 2018

Tiga Pilar Sejahtera Food Tbk, PT ID1000087901 Active AISA Equity 11-Jun-97 IDX Available 500.00 IDR Electronic 13-Jun-02 3,218,600,000.00 (Total) Food & Beverages 45.34% 54.66%

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Tiga Pilar Sejahtera Food Tbk, PT (AISA)

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490 (IDR)

Pada tahun 1959, almarhum Tan Pia Sioe mendirikan bisnis keluarga yang nantinya berkembang menjadi PT. Tiga Pilar Sejahtera Food, Tbk. (TPS-Food). Sebuah Bisnis keluarga yang memproduksi bihun jagung dengan nama Perusahaan Bihun Cap Cangak Ular di Sukoharjo, Jawa Tengah. Sampai hari ini, kultur manajemen yang erat seperti sebuah keluarga adalah salah satu nilai yang terus dipertahankan oleh generasi ketiga dari sang pendiri.

Untuk memenuhi permintaan pasar akan produk-produk makanan yang terus tumbuh, PT. Tiga Pilar Sejahtera didirikan pada tahun 1992 dan menjadi perusahaan publik pada 2003. TPS-Food selalu menekankan pentingnya produk yang berkualitas dan memberikan nilai tambah kepada konsumen. Berbekal pengalaman yang panjang, tradisi, serta loyalitas konsumen; TPS-Food berhasil meraih posisi sebagai produsen mi kering dan bihun terdepan di pasar Indonesia. Komitmen TPS-Food untuk menghasilkan produk yang terbaik, diterima oleh pasar, dan berkualitas tinggi dibuktikan dengan diperolehnya sertifikat ISO 9001:2002, HACCP, dan sertifikasi Halal. Standar produksi yang tinggi dan jaringan distribusi yang luas memperkuat PT.Tiga Pilar Sejahtera Food,Tbk. sebagai salah satu pilihan konsumen. (http://www.tigapilar.com/)

Sando Sasako

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Table – Available financial reports of AISA, Dec. 2004 – Sept. 2017 Financial Report Reporting Date Available QR 9/30/2017 11/23/2017 QR 9/30/2017 11/21/2017 QR 6/30/2017 10/2/2017 QR 3/31/2017 6/3/2017 AR 12/31/2016 5/3/2017 QR 12/31/2016 5/1/2017 QR 9/30/2016 11/9/2016 QR 6/30/2016 8/12/2016 QR 3/31/2016 5/31/2016 AR 12/31/2015 4/27/2016 QR 9/30/2015 11/18/2015 QR 6/30/2015 8/4/2015 QR 3/31/2015 5/25/2015 AR 12/31/2014 4/16/2015 QR 9/30/2014 11/24/2014 QR 6/30/2014 9/20/2014 QR 3/31/2014 5/26/2014 AR 12/31/2013 4/30/2014 QR 9/30/2013 11/4/2013 QR 6/30/2013 8/12/2013 AR 12/31/2012 8/6/2013 QR 3/31/2013 5/10/2013 QR 9/30/2012 12/26/2012 QR 9/30/2012 12/26/2012 QR 6/30/2012 8/10/2012 QR 3/31/2012 5/31/2012 AR 12/31/2011 4/19/2012 QR 6/30/2011 2/6/2012 QR 9/30/2011 11/11/2011 QR 3/31/2011 9/10/2011 QR 6/30/2011 8/24/2011 AR 12/31/2010 5/12/2011 QR 6/30/2010 12/8/2010 AR 12/31/2009 10/18/2010 QR 3/31/2009 10/18/2010 QR 9/30/2009 4/9/2010 QR 6/30/2009 6/30/2009 AR 12/31/2008 12/31/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007 QR 6/30/2007 6/30/2007 AR 12/31/2006 12/31/2006 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 QR 6/30/2005 6/30/2005 AR 12/31/2004 12/31/2004

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Table 13 – Available financial reports of AISA, Dec. 2004 – Sept. 2017

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Tunas Ridean Tbk, PT (TURI) TURI Jl. Pasar Minggu No. 7, Jakarta 12740 Alamat kantor Tunas Ridean Tbk yg lain : Jl. Pecenongan No. 60-62, Jakarta 10120 Tel : 384-0005, 381-1877 Fax : 380-8960 794-4788 799-5621 http://www.tunasgroup.co.id/ JAK IDR December Ordinary Indonesia

Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

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Security: Address:

1190 (IDR) Retailers Miscellaneous Retailers 2,650 6,640,200,000,000 (IDR) 5,580,000,000 1,223,000,064 16th May 1995 31st Jan 2018

Tunas Ridean Tbk, PT ID1000070808 Not Traded TURI Equity 16-May-95 IDX Available 100 IDR Electronic 06-Jul-01 5,580,000,000.00 (Total) Wholesale (Durable & Non Durable Goods) 65.11% 34.89%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

PT Tunas Ridean Tbk is an Indonesia-based motor vehicle dealership. The Company and its subsidiaries are divided into two divisions: automotive dealerships, which include PT Tunas Mobilindo Parama, PT Tunas Mobilindo Perkasa, PT Surya Mobil Megahtama, PT Tunas Asset Sarana and PT Tunas Dwipa Matra, and financial and rental services, which include PT Tunas Financindo Sarana and PT Surya Sudeco. (http://www.google.com/finance?q=JAK:TURI)

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Table – Available financial reports of TURI, Dec. 2004 – Sept. 2017 Financial Report Reporting Date Available QR 9/30/2017 10/27/2017 QR 6/30/2017 7/27/2017 QR 3/31/2017 5/2/2017 QR 12/31/2016 4/11/2017 AR 12/31/2016 4/8/2017 QR 9/30/2016 12/8/2016 QR 9/30/2016 10/31/2016 QR 6/30/2016 7/29/2016 QR 3/31/2016 4/26/2016 AR 12/31/2015 3/31/2016 QR 9/30/2015 2/16/2016 QR 9/30/2015 10/29/2015 QR 6/30/2015 8/4/2015 QR 3/31/2015 4/29/2015 AR 12/31/2014 3/24/2015 QR 9/30/2014 10/30/2014 QR 6/30/2014 7/25/2014 AR 12/31/2013 4/29/2014 QR 3/31/2014 4/28/2014 QR 9/30/2013 11/11/2013 QR 9/30/2013 10/31/2013 QR 3/31/2013 10/16/2013 QR 9/30/2012 10/16/2013 QR 6/30/2012 10/16/2013 QR 3/31/2012 10/16/2013 QR 6/30/2013 7/29/2013 QR 3/31/2013 4/29/2013 AR 12/31/2012 4/3/2013 QR 9/30/2012 10/30/2012 QR 6/30/2012 7/31/2012 AR 12/31/2011 4/25/2012 QR 3/31/2012 4/20/2012 QR 9/30/2011 10/27/2011 QR 6/30/2011 8/1/2011 QR 3/31/2011 4/30/2011 AR 12/31/2010 4/20/2011 QR 9/30/2010 11/9/2010 AR 12/31/2009 10/26/2010 QR 3/31/2009 10/18/2010 QR 6/30/2010 7/30/2010 QR 3/31/2010 5/26/2010 QR 9/30/2009 11/10/2009 QR 6/30/2009 6/30/2009 AR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007 QR 6/30/2007 6/30/2007 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 QR 6/30/2005 6/30/2005 AR 12/31/2004 12/31/2004

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Table 14 – Available financial reports of TURI, Dec. 2004 – Sept. 2017

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Ultrajaya Milk Industry & Trading Company Tbk, PT (ULTJ) ULTJ Jl. Cimareme No. 131 Padalarang (022) 665-4610 (022) 665-4611 (022) 665-4612 http://www.ultrajaya.co.id/ JAK IDR December Ordinary Indonesia

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Food & Beverages Dairy Products 1,300 14,672,980,560,000 (IDR) 11,553,528,000 1,265,080,064 2nd Jul 1990 31st Jan 2018

Ultrajaya Milk Industry & Trading Company Tbk, PT ID1000063100 Active ULTJ Equity 02-Jul-90 IDX Available 50 IDR Electronic 30 November -0001 11,553,500,000.00 (Total) Food & Beverages 74.90% 25.10%

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Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

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1270 (IDR)

PT Ultrajaya story began with a small dairy operation in 1958. Then in 1971, it entered yet another phase of growth through the incorporation of its business into PT Ultrajaya Milk Industry & Trading Company. PT Ultrajaya of today is the pioneer and Indonesia's leading producer of aseptic dairy products, beverages, long-life foods for consumers throughout the country under some well-know brands such as Ultra Milk for dairy products, Buavita for fresh fruit juices and Teh Kotak for fresh tea drinks.

Its plant is strategically located in the center of the rich agricultural hinterland of Bandung which provides it with an abundant and reliable source of quality, fresh ingredients, from milk to tea and tropical fruits. The freshness of these ingredients as well as their natural nutritional quality is preserved through an Ultra High Temperature (UHT) process and the latest aseptic packaging technology without adding any preservatives. Currently, 90% of the company's total production volume is sold domestically throughout Indonesia, while the remainder is exported to limited countries in Asia, Europe, Middle East, Australia and United States of America. The products both for local and export market are identical. (http://www.ultrajaya.co.id/)

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Table – Available financial reports of ULTJ, Dec. 2000 – Sept. 2017 Financial Report Reporting Date Available QR 9/30/2017 11/5/2017 QR 6/30/2017 7/31/2017 QR 3/31/2017 5/24/2017 AR 12/31/2016 5/3/2017 QR 12/31/2016 4/11/2017 QR 9/30/2016 10/31/2016 QR 6/30/2016 8/1/2016 QR 3/31/2016 4/29/2016 AR 12/31/2015 4/29/2016 QR 9/30/2015 10/31/2015 QR 6/30/2015 8/4/2015 QR 3/31/2015 4/30/2015 AR 12/31/2014 4/30/2015 QR 9/30/2014 10/31/2014 QR 6/30/2014 8/4/2014 QR 3/31/2014 5/2/2014 AR 12/31/2013 4/30/2014 QR 9/30/2013 1/12/2014 QR 9/30/2013 12/3/2013 QR 3/31/2013 10/16/2013 QR 9/30/2012 10/16/2013 QR 6/30/2012 10/16/2013 QR 6/30/2013 8/21/2013 QR 6/30/2013 8/21/2013 QR 3/31/2013 8/13/2013 AR 12/31/2012 8/6/2013 QR 3/31/2012 5/2/2012 AR 12/31/2011 5/2/2012 QR 9/30/2011 10/31/2011 QR 3/31/2011 9/10/2011 QR 6/30/2011 8/24/2011 AR 12/31/2010 5/10/2011 QR 6/30/2010 11/18/2010 QR 9/30/2010 11/9/2010 QR 3/31/2009 10/18/2010 AR 12/31/2009 6/10/2010 QR 6/30/2009 4/9/2010 QR 9/30/2009 3/12/2010 AR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 3/25/2008 QR 6/30/2007 6/30/2007 AR 12/31/2006 12/31/2006 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 QR 6/30/2005 6/30/2005 AR 12/31/2004 12/31/2004 QR 6/30/2004 6/30/2004 QR 9/30/2003 9/30/2003 QR 6/30/2003 6/30/2003 AR 12/31/2002 12/31/2002 QR 6/30/2002 6/30/2002 AR 1/1/2001 1/1/2001

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Table 15 – Available financial reports of ULTJ, Dec. 2000 – Sept. 2017

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

The Delisting Story in July 1998 This is a section written by Sando Sasako in a book titled by Corporate Finance Business in Indonesia: The Rise of Investment Banking Activities, A Comprehensive Report, PT Data Consult Inc., Jakarta, July 1998.

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According to the JSX rule, delisting could be obtained through the considerants from the listed company himself instead of the considerants of JSX authority. Such issuer must have submitted its proposal to be delisted from the exchange at least 30 days before the official announcement made, so the exchange have enough time to disseminate the information. Further, that issuer could also submit a proposal to go private with the Bapepam then. Table 16 – Delisted issuers in JSX and SSX, 1993 – 1998

eA mid 1996 07.1997 07.1997

mid 1997

14.03.1996 04.1997 04.1997 04.1997 04.1997 04.1998

Inactively traded Redistribution of unsubscribed shares in the primary market Rejected by the authority Proposed Proposed Proposed; its price had been lower than its NAV Relisting from NSE to NYSE A warning to be delisted A warning to be delisted A warning to be delisted A warning to be delisted Act of frozen by BPPN

Tri Polyta Indonesia Pool Asuransi Indonesia Dharmala Insurance Great Golden Star Langgeng Makmur Plastic Industry Bank Surya Source : Data Consult

Comment Go private Sanction of illiquid stocks Sanction of illiquid stocks Loss > half of its equity Stockholders were less than 100 Sanction of illiquid stocks Fire burnt the whole assets

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12.12.1996 12.12.1996 2.01.1997 26.02.1997 n.a.

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Hexindo Adiperkasa Hero Supermarket Perdana Bangun Pusaka BDNI Reksadana

From SSX 10.03.1997

Table – Delisted issuers in JSX and SSX, 1993 – 1998 Delisted issuer From JSX Praxair Indonesia 15.01.1996 Unitex 27.04–6.07.1994 Unitex 4.07.1997 Singer Industries Indonesia 5.05.1993 Pfizer Indonesia 27.04.1994 Prodenta Indonesia 27.04.1994 Textronic Permai Electronics 19.05.1995 Suba Indah Surya Toto Indonesia Clipan Finance Indonesia Metro Supermarket Minimindo n.a.

Praxair Indonesia, formerly known as Sepanjang Surya Gas, was one good example for the public company changing back his status from public to private company. In doing so, Praxair conducted the repurchasement of its outstanding stocks 2.3 times higher than the prevailing market price and got delisted from JSX since 15 January 1996 and from SSX since 10 March 1997.

That was Praxair. Unitex case was different. Unitex was delisted from JSX for 71 days from 27 April 1994 to 6 July 1994 by the cause of the number of shareholders that less than 100. That was the company had claimed. Some believed that was of its low liquidity in the marketplace. Unitex is a joint venture between Indonesians, Japanese, and a US company that was founded in 1971 and began to produce in 1974. As of 31 December 1995, the shareholders comprised of Henry Onggo and Kamaludin Lohanata, Unitika Ltd. and Marubeni Corp. of Japan, and IFC. By 31 December 1996, its market cap reached Rp 5.545 billion, dropped by 73 percent from the previous year, Rp 20.597 billion. In other words, its market cap in 1996 was only a slightly higher of a forth of its previous level. Its market cap in 1994 was close enough to the 1995 level, that is Rp

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22.973 billion. The listed shares of Unitex had never been changing for the last three years, by the amount of 1,584,360 shares. Table 17 – Delisted issuers in SSX, 1997 Table – Delisted issuers in SSX, 1997 Issuer

Date

Pre-additional

Additional

Nominal (Rp)

IPO Price (Rp)

02-Jan-97

5,950,029

1,000

8,850

MELAWAI INDAH P, PT (Metro Supermarket Realty)

26-Feb-97

58,212,000

1,000

5,000

PRAXAIR IND. PT (Sepanjang Surya Gas)

10-Mar-97

6,450,000

1,000

4,100

ASTRIJATI INDONESIA ROTAN INDUSTRIES, PT

23-Jun-97

2,000,000

1,000

2,600

TEXTRONIC PERMAI ELEKTRONIK, PT

23-Jun-97

13,333,280

1,000

5,300

HERO SUPERMARKET, PT

23-Sep-97

44,825,000

190,475,000

500

7,200

PERDANA BANGUN PUSAKA, PT

23-Sep-97

76,000,000

500

950

DUTA PERTIWI NUSANTARA, PT

10-Nov-97

34,600,500

1,000

8,100

INTAN WIJAYA CHEMICAL INDUSTRY Tbk, PT

08-Dec-97

16,000,000

28,000,000

1,000

8,250

257,370,809

218,475,000

TOTAL LISTED SHARES

Source : Data Consult

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CLIPAN FINANCE INDONESIA, PT

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Again, Unitex was delisted from JSX since 4 July 1997 through the letter of JSX board of directors No.2-2130/BEJ.I.2/0793 dated 3 July 1997. This time was caused by the loss suffered for three consecutive years. The letter also mentioned a chance for Unitex management (its boards of directors and board of commissioners) to make a hearing with JSX board of directors and the listing committee as well.

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Although the listed shares of Praxair Indonesia was much higher, its market cap had never been better than Unitex. The market cap of Praxair in 1995 was Rp 2.783 billion, dropped by 65 percent from the 1994 level, Rp 7.950 billion. Its listed shares remained at 5.3 million before the delisting. Some believed such dropped was much caused by the bad performance of Praxair, so he could not afford to pay the dividends to his stockholders.

There were 8 other public companies got delisted since 1993. Four companies got delisted from JSX. They were Singer Industries Indonesia (5 May 1993), Pfizer Indonesia and Prodenta Indonesia (27 April 1994) and Textronic Permai Electronics (19 May 1995). And the remaining 4 from SSX were Suba Indah and Surya Toto Indonesia (12 December 1996), Clipan Finance Indonesia (2 January 1997), and Metro Supermarket (26 February 1997).

Singer was delisted from JSX by the reason of the loss occured exceeding 50 percent of its stockholders’ equity, Textronic by the fire burning the whole assets, Pfizer of its stockholders amounted to less than 100, and Prodenta of its liquidity, and Minindo of the redistribution of unsubscribed shares in the primary market to its employees in order to fulfill the listing requirement in the exhchange. After its general shareholder meeting held in July 1996, the president director of Clipan Finance (CF), Pierre Prevot, announced to delist its shares from the SSX at the year ending of 1996. The decision was based on the fact that its shares were not transacted actively besides, the company was suffering a loss during 1995 and this made the company to consolidate its business moreover. During the consolidation period, the major shareholders of CF had delivered a Rp 20 billion loan and had suggested the company to raise its paid up capital before the year ended for the decision to be taken in the next general shareholders meeting. In the meantime, CF would give priority to the leasing business and consumer finance with the support of its network. That is to say that CF had an intention to restructure its operation to increase its service quality and to be more efficient.

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Not all of the proposals to be delisted from an exchange are permitted. Consider the case of Hexindo Adiperkasa who intended to be delisted from SSX by mid 1996 but getting the denial from Bapepam and SSX. However, its corporate secretary, Irfin JS Effendi, had insisted in July 1997 that action would be realised after the next extraordinary shareholders meeting in the following year.

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The delisting proposed was because its stocks infrequently traded and the company had to pay unnecessarily the annual fee. Meanwhile, Anton Natakoesoemah, SSX director, had pronounced the delisting proposals of Hero Supermarket and Perdana Bangun Pusaka, earlier July 1997.

Another different delisting case applied for BDNI Reksadana whose business in the close end fund. Since open end fund began to shine in the late 1996, hitherto, the company intended to be delisted from JSX, explained the BDNI Reksadana director, Kamardy Arief, in late June 1997. It was because the price close end fund determined only by the market demand and supply in the money market has been lower than its NAV (Net Assets Value) managed. Kamardy was formerly known as the president director of BRI.

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BDNI Reksadana has been operating in the money market and capital investments, and in reinvestment or stock trading. The company has appointed BDNI Securities, an affiliated entity, to handle BDNI Reksadana portfolio investment. In addition, it has selected Deutsche Bank AG in Jakarta Office as the custodian.

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By 16 October 1995, BDNI Reksadana offered 400 million shares to the public and made a company listing as much of another 200 million shares at the same date. That is to say that BDNI Reksadana let the public to have two third parts of their shares. There were 4 other stockholders. They were BDNI (13.3%), Daya Patria Corp. (13.0%), Gajah Tunggal Mulia (3.7%), and Bintang Buana Rayatama (3.3%). Those were the delisting cases in Indonesian exchanges. The delisting case of Tri Polyta Indonesia (TPI) from Nasdaq SE (NSE) in 1996 was one example on Indonesian publicly held company listed outside Indonesia. TPI delisted its ADS (American Depository Shares) from NSE and got listed in NYSE since 14 March 1996.

TPI got listed with NSE by 25 July 1994, made its initial offering as much of 7.475 million ADS. ADR (American Depository Receipt) is a proof of ADS issued by the Depositary according to the Deposit Agreement. Every ADS represents and can be converted into 10 common shares with Rp 1,000 as a par value each.

By 30 May 1994, Tri Polyta raised his authorized capital to Rp 300 billion of which as much of Rp 182.75 billion had been fully paid. The offering price to the public was set US$ 21.00 per ADS less US$ 1.26 per ADS for underwriting discount purpose. The proceed was US$ 147,556,500.00 where the 3.2% (equal to Rp 10 billion) was allocated to pay off the loan for working capital; 13.5% (Rp 54 billion) to pay off the short-term loans; and 83.3% (US$ 122.8 million) to pay off the long term-loan allocated to build production train facilities (I and II). By 14 June 1996, Tri Polyta Indonesia Tbk. submitted to be listed with JSX without IPO his fully paid up capital as much of 257.5 million shares with Rp 1,000 as a par value. However, the tradable stocks was only 74.75 million shares, similar to TPI initial offering in NSE. The shares offered was adjusted by the currency conversion where TPI ADS was valued by US$ 11 that time. Such explanation came from its vice president director, Hendry Pribadi.

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The tradable stocks did not include the founders shares as much of 182.75 million shares but 8 months after the listing date in JSX. The remainder of 200,000 stocks belonged to the employees will be available to be transacted in 1998. Further, Hendry explained that the declining in the stock price of TPI before getting listed in JSX was much caused by the decreasing demand for TPI products, the polypropilena. To be precisely as China stopped importing that TPI products. It was as the polypropilena products flooding the international market, especially the China market, its price dropped.

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That hurted TPI a lot and causing significant losses in the first quarter of 1997. In the meantime, the price of the raw material for polypropilena, that is propilena, has been raising significantly in the world markets. By mid May 1997, Markus Hartanto, TPI president director, predicted that propilena price would be lowered in the third quarter after the new refinery in Singapore got operating. He also explained that the company have not figured out to be relisted in NSE. The main reason of the delisting was of less investors transacting their stocks.

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Although TPI had insisted not to get relisted, the NSE had no bother at all but had committed to welcome the TPI stocks as Robert M. Kinsella explained by mid May 1997. He is the director of Latin America Nasdaq International. He also noticed that TPI refused to the tell the reasons of delisting in details but the unattractive market making system. He claimed that the market for stocks of chemicals, electronics, and mining companies are much better in NSE than NYSE.

By April 1997, there were 4 companies got a warning to be delisted by the JSX of its low liquidity level in the exchange. They were Pool Asuransi Indonesia, Dharmala Insurance, Great Golden Star, and Langgeng Makmur Plastic Industry.

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To such warning, the director of Pool Asuransi Indonesia, Endang Pratomo Laksono, made some news release. She admitted that the companyâ&#x20AC;&#x2122;s stock had not been actively traded in the exchange. It was because the small listed shares and larger shares kept by the institutional investors in majority, around 145. The listed shares of the company remained unchanged since 1994 by the amount of 25 million shares, that is since its rights issue.

In the beginning, the company made an initial offering of 1.8 million shares on 20 May 1991, made a compay listing on 23 September 1992 (4.2 million shares), bonus issuance on 4 February 1993 (14 million shares), and a rights issue on 19 July 1994 (5 million shares).

According to Hasan Zein Mahmud, former president director of JSX, there are some indicators affecting the liquidity of one stock. They are time needed to trade, the bid-ask spread, and any big trade wonâ&#x20AC;&#x2122;t change the stock price significantly. Longer time to match the buy-sell order, a wider spread between bid and ask price, and the existence of significant in price change caused by a big selling and/or buying order expressing the characteristic that the stock are not liquid. To make the stock liquid in the market, IPG Ary Suta, the chief of Bapepam, once made some suggestions to the public companies accordingly. First of all, improving its financial performance, transparency and broadening the information dissemination, innovative, making some strategic alliances with the players in the exchange. The second one is enlarging the outstanding stocks through either one or the combination of rights issue and stock split. Since there are listing requirements to be fulfilled, there are also the delisting one. Before the company is sentenced to be delisted, a warning will be issued, followed by the hearing process and the evaluation by the listing committee.

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

As there are certain requirements for any company to get listed in one exchange, there are conditions for any publicly held company to be sanctioned of delisting by the exchange. Some requirements to get listed include good performance, good governance, and operating efficiently in the middle of fierce competition in the marketplace caused by globalisation. Some financial indicators include DER, EPS, PER, ROA, ROE, NPM, etc. must be at best interpreted.

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The conditions for a delisting sanction could be : 1. Suffering the loss for three consecutive years, or there exist a loss in the balance sheet of the last annual report as much of at least 50 percent of its paid up capital. 2. Not paying cash dividends for three consecutive years, or three defaults of the bonds issuance. 3. As the stockholdersâ&#x20AC;&#x2122; equity is less than Rp 3 billion. 4. As the stockholders remain less than 100 investors for three consecutive years according to the monthly report of the issuer or BAE (Bureau of Securities Administration). 5. As no stock trading for six months consecutively. 6. As the financial report made on the unusual principles or neglecting the GAAP and does not fit the regulation set by Bapepam. 7. As the issuer broke the prevailing rules set by the exchange(s) particularly and generally. 8. As the issuer positioned himself against the prevailing laws set by the authorised. 9. As the issuer be liquidated as a result of merger, acquisition, bankrupcy, or others. 10. As the issuer be sentenced in bankruptcy by the court. 11. As the issuer be involved in court event(s) that materially possible to affect the condition and the survival of the company.

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As a complementary of Table Top-10 listed shares prior to additional shares issued in SSX in 1997, here are some data concerning the delisted 9 issuers. Starting from Clipan Finance Indonesia in early January 1997 and ended by Intan Wijaya Chemical Industry in early December 1997.

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

The companies delisted from the Jakarta Stock Exchange (JSX), 1996-2007 Table 18 – The companies delisted from the Jakarta Stock Exchange (JSX), 1996-2007

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Table – The companies delisted from the Jakarta Stock Exchange (JSX), 1996-2007 Ticker Name Delisted Instrument ALKA Alakasa Industrindo Tbk. 2001-11-26 Stock ALDI Alter Abadi Tbk. 2001-09-05 Stock ANTA Anta Express Tour & TS Tbk. 2004-01-16 Stock HPSB Aryaduta Hotels Tbk. 2004-08-02 Stock AMFG Asahimas Flat Glass Tbk. 1999-11-01 Stock ASTR Aster Dharma Industri Tbk. 2005-05-27 Stock AIRI Astrijati Industri Rotan Indonesia Tbk. 1997-06-23 Stock ARYA Bank Arya Panduarta Tbk. 1999-03-15 Stock BARI Bank Bahari Tbk. 1999-03-15 Stock BDNI Bank Dagang Nasional Indonesia Tbk. 1999-03-01 Stock BDTA Bank Duta Tbk. 2000-07-06 Stock FCOR Bank Ficorinvest Tbk. 1998-09-01 Stock IDVS Bank Indovest Tbk. 1999-04-26 Stock INPC Bank Inter-Pacific Tbk. 1999-06-16 Stock BNBM Bank Mashill Utama Tbk. 1999-03-15 Stock - Bond BNPS Bank Papan Sejahtera Tbk. 1999-03-15 Stock - Bond PDFC Bank PDFCI Tbk. 2000-01-01 Stock BNPK Bank Pikko Tbk. 2004-12-15 Stock RAMA Bank Rama Tbk. 2000-07-06 Stock BNSY Bank Surya Indonesia Tbk. 1999-03-01 Stock TMBN Bank Tamara Tbk. 2000-07-06 Stock - Bond BNTA Bank Tiara Asia Tbk. 2000-07-06 Stock BNUM Bank Umum Nasional Tbk. 1999-03-01 Stock BUSV Bank Umum Servitia Tbk. 1999-03-15 Stock BUNI Bank Universal Tbk. 2002-10-01 Stock BYSB Bayer Indonesia Tbk. 2000-06-26 Stock BYSP Bayer Indonesia Tbk. 2000-06-26 Stock BAYU Bayu Buana Tbk. 2005-09-16 Stock BMRA Bintuni Minaraya Tbk. 2006-04-13 Stock CPPR Central Proteinaprima Tbk. 1999-06-30 Stock CMPP Centris Multi Persada P. Tbk. 2000-01-29 Stock DNKS Dankos Laboratories Tbk. 2005-12-21 Stock - Bond DGSA Daya Guna Samudera Tbk. 2004-09-17 Stock TPFC Dharmala Agrifood Tbk. 1998-11-16 Stock DSST Dharmala Sakti Sejahtera Tbk. 2000-10-16 Stock DMAD Dharmindo Adidhuta Tbk. 1998-09-01 Stock DPNS Duta Pertiwi Nusantara Tbk. 1997-11-10 Stock DYNA Dynaplast Tbk. 1999-11-05 Stock EDJS Eka Dharma Jaya Sakti Tbk. 2006-02-20 Stock FISK Fiskaragung Perkasa Tbk. 2000-05-19 Stock MTFN Global Financindo Tbk. 2003-09-30 Stock - Bond GGST Great Golden Star Tbk. 2006-05-24 Stock GRIV Great River International Tbk. 2007-01-11 Stock - Bond HERO Hero Supermarket Tbk. 1997-09-22 Stock HEXA Hexindo Adiperkasa Tbk. 1999-02-12 Stock IGAR Igar Jaya Tbk. 2001-08-20 Stock IICO Indocopper Investama Corporation Tbk. 2002-10-28 Stock IDSR Indosiar Visual Mandiri 2004-10-04 Bond INCI Intan Wijaya Chemical Ind. Tbk. 1997-12-08 Stock INCO International Nickel Indonesia Tbk. 2001-05-16 Stock GDWU Kasogi International Tbk. 2003-08-11 Stock LPLD Lippo Land Development Tbk. 2004-08-02 Stock MKDO Makindo Tbk. 2007-04-02 Stock MANY Manly Unitama Finance Tbk. 2003-11-20 Stock MTSM Metro Supermarket Realty Tbk. 1997-02-26 Stock MLIA Mulia Industrindo Tbk. 1999-05-05 Stock TRPK Multi Agro Persada Tbk. 2005-09-23 Stock

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Table â&#x20AC;&#x201C; The companies delisted from the Jakarta Stock Exchange (JSX), 1996-2007 Ticker Name Delisted Instrument MSRA Multi Sarana Rasa Agung Tbk. 2000-10-16 Stock NMDE Nasio Dutamitra Electric Tbk. 1999-12-31 Stock KONI Perdana Bangun Pusaka Tbk. 1997-09-22 Stock PFZR Pfizer Indonesia Tbk. 2002-10-31 Stock PTSP Pioneerindo Gourmet Inter Tbk. 2004-09-06 Stock PSDN Prasidha Aneka Niaga Tbk. 2001-10-18 Stock SSGS Praxair Indonesia Tbk. 1997-03-10 Stock PGIN Procter & Gamble Indonesia Tbk. 2004-06-07 Stock PNSE Pudjiadi & Sons Estate Tbk. 2000-02-29 Stock PSMD Putra Surya Multidana Tbk. 2000-05-19 Stock DANA Reksadana Perdana Tbk. 2002-09-10 Stock RDTX Roda Vivatex Tbk. 2002-09-09 Stock SHDA Sari Husada Tbk. 2007-04-16 Stock STTP Siantar Top Tbk. 2000-12-01 Stock SIPD Sierad Produce Tbk. 2004-11-22 Stock CARE Siloam Gleneagles Health Care Tbk. 2000-10-04 Stock BGMT Siloam Health Care Tbk. 2004-08-02 Stock MITI Siwani Trimitra Tbk. 2001-10-08 Stock SHOT Sofyan Hotels Tbk. 2002-05-06 Stock SCCO Sucaco Tbk. 1998-09-15 Stock SPMA Suparma Tbk. 2001-09-10 Stock SUMI Super Mitory Utama Tbk. 2006-12-26 Stock SAIP Surabaya Agung Industri Pulp & Kertas Tbk. 2001-05-03 Stock TOTO Surya Toto Indonesia Tbk. 1996-12-12 Stock SIIP Suryainti Permata Tbk. 2000-07-21 Stock VOKS Voksel Electric Tbk. 1998-09-01 Stock

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

The companies delisted from Surabaya Stock Exchange (SSX), Dec. 1996 - 8 Sept. 2006 Table 19 – The companies delisted from Surabaya Stock Exchange (SSX), Dec. 1996 - 8 Sept. 2006

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Table – The companies delisted from Surabaya Stock Exchange (SSX), Dec. 1996 - 8 Sept. 2006 Ticker Name Delisted Instrument ALKA Alakasa Industrindo Tbk 2001-11-26 Stock ALDI Alter Abadi Tbk 2001-09-05 Stock ANTA Anta Express Tour & TS Tbk 2004-01-16 Stock HPSB Aryaduta Hotels Tbk 2004-08-02 Stock AMFG Asahimas Flat Glass Tbk 1999-11-01 Stock ASTR Aster Dharma Industri Tbk 2005-05-27 Stock AIRI Astrijati Industri Rotan Indonesia Tbk 1997-06-23 Stock ARYA Bank Arya Panduarta Tbk 1999-03-15 Stock BARI Bank Bahari Tbk 1999-03-15 Stock BDNI Bank Dagang Nasional Indonesia 1999-03-01 Stock BDTA Bank Duta Tbk 2000-07-06 Stock FCOR Bank Ficorinvest Tbk 1998-09-01 Stock IDVS Bank Indovest Tbk 1999-04-26 Stock INPC Bank Inter-Pacific Tbk 1999-06-16 Stock BNBM Bank Mashill Utama Tbk 1999-03-15 Stock/Bond BNPS Bank Papan Sejahtera Tbk 1999-03-15 Stock/Bond PDFC Bank PDFCI Tbk 2000-01-04 Stock BNPK Bank Pikko Tbk. 2004-12-15 Stock RAMA Bank Rama Tbk 2000-07-06 Stock BNSY Bank Surya Indonesia Tbk 1999-03-01 Stock TMBN Bank Tamara Tbk 2000-07-06 Stock/Bond BNTA Bank Tiara Asia Tbk. 2000-07-06 Stock BNUM Bank Umum Nasional Tbk 1999-03-01 Stock BUSV Bank Umum Servitia Tbk 1999-03-15 Stock BUNI Bank Universal Tbk 2002-10-01 Stock BYSB Bayer Indonesia Tbk 2000-06-26 Stock BYSP Bayer Indonesia Tbk 2000-06-26 Stock BAYU Bayu Buana Tbk 2005-09-16 Stock BMRA Bintuni Minaraya Tbk. 2006-04-13 Stock BRAM Branta Mulia Tbk 1999-09-05 Stock/Bond CPPR Central Proteinaprima Tbk 1999-06-30 Stock CMPP Centris Multi Persada P. Tbk 2000-01-29 Stock DNKS Dankos Laboratories Tbk 2005-12-21 Stock/Bond DGSA Daya Guna Samudera Tbk 2004-09-17 Stock TPFC Dharmala Agrifood Tbk 1998-11-16 Stock DSST Dharmala Sakti Sejahtera Tbk 2000-10-16 Stock DMAD Dharmindo Adidhuta Tbk 1998-09-01 Stock DPNS Duta Pertiwi Nusantara 1997-11-10 Stock DYNA Dynaplast Tbk 1999-11-05 Stock EDJS Eka Dharma Jaya Sakti Tbk. 2006-02-20 Stock FISK Fiskaragung Perkasa Tbk 2000-05-19 Stock MTFN Global Financindo Tbk 2003-09-30 Stock/Bond GGST Great Golden Star Tbk 2006-05-24 Stock HERO Hero Supermarket Tbk 1997-09-22 Stock HEXA Hexindo Adiperkasa Tbk 1999-02-12 Stock IGAR Igar Jaya Tbk 2001-08-20 Stock IICO Indocopper Investama 2002-10-28 Stock IDSR Indosiar Visual Mandiri Tbk 2004-10-04 Stock/Bond INCI Intan Wijaya Chemical Ind. Tbk 1997-12-08 Stock INCO International Nickel Indonesia Tbk 2001-05-16 Stock GDWU Kasogi International Tbk. 2003-08-11 Stock LPLD Lippo Land Development Tbk. 2004-08-02 Stock MANY Manly Unitama Finance Tbk 2003-11-20 Stock MTSM Metro Supermarket Realty 1997-02-26 Stock MLIA Mulia Industrindo Tbk 1999-05-05 Stock TRPK Multi Agro Persada Tbk 2005-09-23 Stock MSRA Multi Saran Rasa Agung Tbk 2000-10-16 Stock

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Table â&#x20AC;&#x201C; The companies delisted from Surabaya Stock Exchange (SSX), Dec. 1996 - 8 Sept. 2006 Ticker Name Delisted Instrument NMDE Nasio Dutamitra Electric Tbk. 1999-12-31 Stock KONI Perdana Bangun Pusaka Tbk 1997-09-22 Stock PFZR Pfizer Indonesia Tbk 2002-10-31 Stock PTSP Pioneerindo Gourmet Inter Tbk 2004-09-06 Stock PSDN Prasidha Aneka Niaga Tbk 2001-10-18 Stock SSGS Praxair Indonesia 1997-03-10 Stock PGIN Procter & Gamble Indonesia Tbk 2004-06-07 Stock PNSE Pudjiadi & Sons Estate Tbk 2000-02-29 Stock PSMD Putra Surya Multidana Tbk 2000-05-19 Stock DANA Reksadana Perdana Tbk 2002-09-10 Stock RDTX Roda Vivatex Tbk 2002-09-09 Stock STTP Siantar Top Tbk. 2000-12-01 Stock SIPD Sierad Produce Tbk 2004-11-22 Stock CARE Siloam Gleneagles Health Care Tbk 2000-10-04 Stock BGMT Siloam Health Care Tbk. 2004-08-02 Stock MITI Siwani Trimitra Tbk 2001-10-08 Stock SHOT Sofyan Hotels Tbk 2002-05-06 Stock SCCO Sucaco Tbk 1998-09-15 Stock SPMA Suparma Tbk 2001-09-10 Stock SAIP Surabaya Agung Industri Pulp & Kertas Tbk 2001-05-03 Stock TOTO Surya Toto Indonesia 1996-12-12 Stock SIIP Suryainti Permata Tbk. 2000-07-21 Stock VOKS Voksel Electric 1998-09-01 Stock

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

The companies delisted from the Indonesian Stock Exchange (IDX), 2009-2017 Table 20 – The companies delisted from the Indonesian Exchange (IDX), 2009-2017

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Table – The companies delisted from the Indonesian Exchange (IDX), 2009-2017 Ticker Name Listed Delisted ALFA Alfa Retailindo Tbk 2000-01-18 2011-10-17 ANTA Anta Express Tour and Travel Service Tbk 2002-01-18 2011-10-04 AQUA Aqua Golden Mississippi Tbk 1990-03-01 2011-04-01 ASIA Asia Natural Resources Tbk 1994-10-20 2014-11-27 BAEK Bank Ekonomi Raharja Tbk 2008-01-08 2015-09-10 BRAU Berau Coal Energy Tbk 2010-08-19 2017-11-16 BUKK Bukaka Teknik Utama Tbk 1995-01-09 2009-12-01 CPDW Cipendawa Tbk 1990-06-18 2013-09-12 CTRP Ciputra Property Tbk 2007-11-07 2017-01-19 CTRS Ciputra Surya Tbk 1999-01-15 2017-01-19 CPGT Citra Maharlika Nusantara Corpora Tbk. 2013-07-09 2017-10-19 MACO Courts Indonesia Tbk 2002-07-17 2009-12-01 DAVO Davomas Abadi Tbk 1994-12-22 2015-01-21 KARK Dayaindo Resources International Tbk 2001-07-20 2013-12-27 DYNA Dynaplast Tbk 1991-08-05 2011-07-27 INCF Indo Komoditi Korpora Tbk 1989-12-18 2013-02-19 IDKM Indosiar Karya Media Tbk 2004-10-04 2013-05-01 IATG Infoasia Teknologi Global Tbk 2001-11-15 2009-12-29 INVS Inovisi Infracom Tbk 2009-07-03 2017-10-23 JASS Jasa Angkasa Semesta Tbk 2002-06-15 2009-12-01 RINA Katarina Utama Tbk 2009-07-14 2012-10-01 LAMI Lamicitra Nusantara Tbk 2001-07-18 2017-12-28 MBAI Multibreeder Adirama Indonesia Tbk 1994-02-28 2012-07-02 PTRA New Century Development Tbk 1994-03-28 2011-01-24 PAFI Panasia Filament Inti Tbk 1990-06-06 2013-03-14 PWSI Panca Wiratama Sakti Tbk 1994-03-10 2013-05-17 TKGA Permata Prima Sakti Tbk 1992-01-06 2017-11-16 PROD Sara Lee Body Care Indonesia Tbk 1989-06-16 2009-12-01 SKBM Sekar Bumi Tbk 1993-01-05 2009-12-01 SING Singer Indonesia Tbk 1983-12-30 2009-12-01 SOBI Sorini Agro Asia Corporindo Tbk 1992-08-03 2017-07-03 SAIP Surabaya Agung Industry Pulp Tbk 1993-05-03 2013-10-31 SIIP Suryainti Permata Tbk 1998-01-08 2012-02-28 TALF Tunas Alfin Tbk 2001-02-12 2009-12-01 UNTX Unitex Tbk 1989-06-16 2015-12-07

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Adindo Foresta Indonesia Tbk, PT (ADFO) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

ADFO Plaza Bank Panin Lt 4 Jl Palmerah Utara No 52 (021) 5793-0281 (021) 5793-0282 IDX

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Equity

0 (IDR)

Forestry 0 0 (IDR) 745,543,638 0 2nd Feb 2000 6th Feb 2018

Adindo Foresta Indonesia Tbk, PT ID1000051303 Not Traded ADFO Equity 02-Feb-00 IDX Available 500.00 IDR Certificate 02-Feb-00 745,544,000.00 (Total) Forestry 24.80% 75.20%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Whenever you need to find timbers or in your area, be sure to call Adindo Foresta Indonesia PT first. With these experts, you'll never have to look further in the Jakarta area.

Sando Sasako Table 21 – Available financial reports of ADFO, Dec. 2011 – Dec. 2016

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Table – Available financial reports of ADFO, Dec. 2011 – Dec. 2016 Financial Report Reporting Date Available AR 2011-12-31 ✔ AR 2012-12-31 ✔ AR 2013-12-31 ✔ AR 2014-12-31 ✔ AR 2015-12-31 ✔ AR 2016-12-31 ✔

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Alfa Retailindo Tbk, PT (ALFA) ALFA Komplex BIDEX Blok G - No 25-31 Jl. Pahlawan Seribu Bumi Serpong Damai 021-5316-4350 (hunting) 021-5316-4310 s/d 4340, 021-5316-4311-15 http://www.alfa-retail.co.id/ JAK IDR December Ordinary Indonesia 18th Jan 2000 2400 (IDR)

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Retailers Miscellaneous Retailers 2,505 1,123,200,000,000 (IDR) 468,000,000 467,500,000 18th Jan 2000 2nd Feb 2018

Alfa Retailindo Tbk, PT ID1000073208 Active ALFA Equity 18-Jan-00 IDX Frozen 500 IDR Electronic 12-Oct-01 468,000,000.00 (Total) Retail Trade 99.99% 0.01%

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Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

PT Alfa Retailindo Terbuka. The Company's principal activities are operating supermarkets and general trading. Its operations are carried out in Indonesia. (http://www.corporateinformation.com)

Sando Sasako Table 22 – Available financial reports of ALFA, Dec. 2007 – June 2011

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Table – Available financial reports of ALFA, Dec. 2007 – June 2011 Financial Report Reporting Date Available AR 2007-12-31 ✔ AR 2008-12-31 ✔ ✔ QR 2009-03-31 ✔ QR 2009-06-30 AR 2009-12-31 ✔ QR ✔ 2010-03-31 QR 2010-09-30 ✔ QR 2010-12-31 ✔ QR 2011-03-31 ✔ QR ✔ 2011-06-30

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Alter Abadi Tbk, PT (ALDI) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

ALDI Jl. Gajah Mada No. 90 A 0.21-.601.4711

IDX

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0 (IDR)

Others - Mining 0 0 (IDR) 398,260,000 0 9th Jan 1997 2nd Feb 2018

Alter Abadi Tbk, PT ID1000028301 Not Traded ALDI Equity 09-Jan-97 IDX Available 500 IDR Certificate 09-Jan-97 398,260,000.00 (Total) Others - Mining 99.87% 0.13%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

P.T. Alter Abadi Tbk. is an Indonesia-based mining company. The Company engages in processing kaolin and other related minerals. The product is consumed by various industries such as pulp, ceramics, paint, cosmetics, rubber, soap and detergent and exported to Japan, Taiwan, Korea, Thailand, China, Singapore, Pakistan and Vietnam.

The Company's subsidiaries are: P.T. Kaolin Belitung Utama, P.T. Nippindo Kaolin Abadi, P.T. Nipsea Martapura and P.T. Kaolindo Sakti Perkasa. The Company is headquartered in Jakarta supported by a production facility in Tanjung Pandan, Bangka Island. (http://www.crmz.com/Report/ReportPreview.asp?BusinessId=6880723)

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Table – Available financial reports of ALDI, Dec. 1996 – June 2004 Financial Report Reporting Date Available IPO 1996-12-10 ✔ QR 1996-12-31 ✔ QRm 1997-03-31 ✔ QRm 1997-06-30 ✔ QRm 1997-09-30 ✔ AR 1997-12-31 ✔ QRm 1997-12-31 ✔ QRm 1998-03-31 ✔ QRm 1998-06-30 ✔ QRm 1998-09-30 ✔ QR 1998-12-31 ✔ QRm 1998-12-31 ✔ QRm 1999-03-31 ✔ QRm 1999-06-30 ✔ QRm 1999-09-30 ✔ QR 1999-12-31 ✔ QRm 1999-12-31 ✔ QRm 2000-03-31 ✔ QRm 2000-06-30 ✔ QRm 2000-09-30 ✔ QRm 2000-12-31 ✔ QR 2000-12-31 ✔ QRm 2001-03-31 ✔ QRm 2001-06-30 ✔ QRm 2001-09-30 ✔ QRm 2001-12-31 ✔ QR 2001-12-31 ✔ QRm 2002-03-31 ✔ QRm 2002-06-30 ✔ QRm 2002-09-30 ✔ QRm 2002-12-31 ✔ QR 2002-12-31 ✔ QRm 2003-03-31 ✔ QRm 2003-06-30 ✔ QR 2003-09-30 ✔ QR 2003-12-31 ✔ QR 2003-12-31 ✔ QR 2004-03-31 ✔ QR 2004-06-30 ✔

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Table 23 – Available financial reports of ALDI, Dec. 1996 – June 2004

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Anta Express Tour and Travel Service Tbk, PT (ANTA) ANTA Jl. Hayam Wuruk No. 88 600-1888/600-2888 600-0170/659-7342 http://www.antatour.com JAK IDR December Ordinary Indonesia 1st May 1972 250 (IDR)

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Transportation Other Transportation 961 142,500,000,000 (IDR) 570,000,000 514,262,016 18th Jan 2002 2nd Feb 2018

Anta Express Tour and Travel Service Tbk, PT ID1000080005 Active ANTA Equity 18-Jan-02 IDX Frozen 100 IDR Electronic 18-Jan-02 570,000,000.00 (Total) Restaurant, Hotel & Tourism 0.00% 0.00%

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Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

Didirikan dengan nama PT China Travel Service pada tanggal 10 Mei tahun 1972, dan tanggal 25 Maret 1976 berganti nama menjadi PT Anta Express Tour & Travel Service (Antatour), untuk membangun landasan yang kokoh bagi bisnisnya, Antatour pada tanggal 18 Januari 2002 menjadi perusahaan publik dengan mencatatkan sahamnya di Bursa Efek Jakarta dan Bursa Efek Surabaya (efektif penghapusan pencatatan saham pada tanggal 16 Januari 2004).

Memasuki usianya yang ke-36 tahun, Antatour tetap berkomitmen dan fokus sebagai biro perjalanan wisata dan telah berkembang dengan memiliki 12 Cabang yang tersebar di beberapa kota besar di Indonesia. Bidang Usaha Antatour meliputi penjualan tiket, tour dan voucher hotel, pengurusan dokumen perjalanan serta penyelenggaraan konferensi (MICE), semuanya baik untuk kebutuhan domestik maupun internasional.

Sando Sasako Table 24 – Available financial reports of ANTA, March 2010 – June 2011

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Table – Available financial reports of ANTA, March 2010 – June 2011 Financial Report Reporting Date Available QR 2010-03-31 ✔ QR 2010-06-30 ✔ QR 2010-09-30 ✔ QR 2010-12-31 ✔ QR 2011-03-31 ✔ QR 2011-06-30 ✔

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Sebagai komitmen perusahaan untuk mengutamakan Kepuasan Pelanggan atas pelayanan PT Anta Express Tour & Travel Service Tbk maka pada bulan Desember 2008 sesuai dengan target Rencana Perusahaan tahun 2008 yang tertuang dalam Laporan Tahunan 2007, PT Anta Express Tour & Travel Service Tbk akhirnya berhasil memperoleh sertifikasi ISO 9001:2000. Project ini mendapat dukungan penuh dari Top Manajemen serta 22 Leader Team ISO 9001:2000. (http://www.antatour.com)

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Aqua Golden Mississippi Tbk, PT (AQUA) AQUA Cyber 2 Tower Lt. 10-12 Jl. HR Rasuna Said Blok X-5 Nomor 13 Kelurahan Kuningan Timur Kecamatan Setiabudi 021- 2996 1000 (hunting) 021- 2902 1292 http://www.aqua.com JAK IDR December

Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

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Security: Address:

Aqua Golden Mississippi Tbk, PT ID1000006307 Not Traded AQUA Equity 01-Mar-90 IDX Frozen 1,000.00 IDR Certificate 01-Mar-90 13,162,500.00 (Total) Food & Beverages 0.00% 0.00%

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Consumer Goods Industry (5) Food And Beverages (51) 0 3,222,173,390,400 (IDR) 13,162,473 0 1st Mar 1990 2nd Feb 2018

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Indonesia 23rd Feb 1973 244800 (IDR)

PT Aqua Golden Mississippi was established in 1973 by Tirto Utomo as the pioneer of bottled mineral water company in Indonesia. The first factory was built in Bekasi. Throughout 30 years of experience, the company has expanded into 14 factories throughout Indonesia.

In 1998 a strategic alliance occurred between Aqua Group (with PT Tirta Investama as its holding company) and Danone Group. The merger has further improved Aqua's performance in terms of product quality, market share and the industry's advanced bottling technology requirements. Under the flag of Danone-Aqua, the company provides far-reaching services throughout Indonesia and is available in more than 1,000,000 outlets across Indonesia to ensure the availability of Aqua products to its loyal consumers. (http://www.aqua.com)

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Table – Available financial reports of AQUA, Dec. 2002 – Sept. 2010 Financial Report Reporting Date Available QR 2002-12-31 ✔ AR 2007-12-31 ✔ AR 2008-12-31 ✔ QR 2009-09-30 ✔ AR 2009-12-31 ✔ QR 2009-12-31 ✔ QR ✔ 2010-03-31 QR ✔ 2010-06-30 QR ✔ 2010-09-30

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Table 25 – Available financial reports of AQUA, Dec. 2002 – Sept. 2010

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Asia Natural Resources Tbk, PT (ASIA)

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Trade, Services & Investment (9) Wholesale (Durable & Non-Durable Goods) (91) 25 0 (IDR) 2,275,009,490 1,371,330,048 20th Oct 1994 31st Jan 2018

Asia Natural Resources Tbk, PT ID1000064702 Not Traded ASIA Equity 20-Oct-94 IDX Available 300 IDR Electronic 18-Dec-00 2,275,010,000.00 (Total) Wholesale (Durable & Non Durable Goods) 47.45% 52.55%

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Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

ASIA Menara Rajawali 18th Floor Jl. Mega Kuningan Lot # 5.1 Kawasan Mega Kuningan - Jakarta 12950 dan Jl. Cempaka - Desa Jati mulya Tambun Bekasi Timur 17510 T : (021) 880-5268 F : (021) 880-5269 576-3848 576-2749 http://anr.co.id/ IDX IDR December Ordinary Indonesia 16th Nov 1989 0 (IDR)

Security: Address:

PT Asia Natural Resources Tbk didirikan pada tanggal 16 November 1989 dengan nama PT Asia Inti Industry. Perubahan nama Perseroan menjadi PT Asia Natural Resources Tbk pada RUPSLB tanggal 29 April 2008.Kegiatan usaha utama Perusahaan adalah dalam bidang perdagangan komoditas terutama pertambangan seperti batubara, timah, nikel, emas dsb.

Sejak akhir tahun 2008 Perseroan melaksanakan kegiatan perdagangan batubara di daerah Banjarmasin, Kalimantan Selatan. Perusahaan menjadi perusahaan publik dan tercatat di Bursa Efek Indonesia sejak Oktober 1994. (http://anr.co.id)

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Table – Available financial reports of ASIA, Dec. 2004 – June 2014 Financial Report Reporting Date Available QR 6/30/2014 7/25/2014 Fin Result 12/31/2013 6/7/2014 AR 12/31/2013 5/21/2014 QR 3/31/2014 5/5/2014 QR 9/30/2013 11/1/2013 AR 12/31/2012 8/5/2013 QR 6/30/2013 7/26/2013 QR 3/31/2013 4/29/2013 QR 9/30/2012 10/30/2012 QR 6/30/2012 7/31/2012 QR 3/31/2012 5/2/2012 AR 12/31/2011 4/23/2012 QR 9/30/2011 11/14/2011 QR 6/30/2011 8/24/2011 AR 12/31/2010 4/28/2011 QR 6/30/2010 12/14/2010 QR 6/30/2009 10/18/2010 QR 3/31/2009 10/18/2010 AR 12/31/2009 7/5/2010 QR 9/30/2009 3/9/2010 AR 12/31/2008 12/31/2008 QR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007 QR 6/30/2007 6/30/2007 AR 12/31/2006 12/31/2006 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 QR 6/30/2005 6/30/2005 AR 12/31/2004 12/31/2004

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Table 26 – Available financial reports of ASIA, Dec. 2004 – June 2014

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Aster Dharma Industri Tbk, PT (ASTR) (2005-05-27, no.FR) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

ASTR Jl. Yos Sudarso (Jl. Daan Mogot Km. 19), (021) 544-2574, (021) 544-2575, (021) 552-3783 (021) 619-0410 http://aster@indo.net.id

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Equity

0 (IDR)

Available 500.00 IDR Electronic 13-May-02 50,400,000.00 (Total) Plastics & Packaging 28.00% 72.00%

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Aster Dharma Industri Tbk , PT ID1000084007 Not Traded ASTR Equity 26-Mar-90

Plastics & Packaging 0 0 (IDR) 50,400,000 0 26th Mar 1990 2nd Feb 2018

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Sando Sasako Table 27 – The ISIN of stocks issued by ASTR

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Aster Dharma Industri Tbk ID1000046808 ASTR Saham Biasa 26 Maret 1990 IDX Not Active 500 50,400,000 IDR Certificate 05 Oktober 1998 Plastics & Packaging 50,400,000 (Total) 0.00% Scripless = 0.000 0.00% 0.00%

Aster Dharma Industri Tbk ID1000006802 ASTR Saham Biasa 26 Maret 1990 IDX Not Active 1,000.00 50,400,000 IDR Certificate 26 Maret 1990 Plastics & Packaging 50,400,000 (Total) 0.00% Scripless = 0.000 0.00% 0.00%

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Table – The ISIN of stocks issued by ASTR Security name Aster Dharma Industri Tbk ISIN Code ID1000084007 Short Code ASTR Type Saham Biasa Listing Date 26 Maret 1990 Stock Exchange Status Not Active Nominal 500 Current Amount 50,400,000 Currency IDR Form Electronic Effective Date ISIN 13 Mei 2002 Activity Sector Plastics & Packaging Number of Securities 50,400,000 (Total) As of 0.00% Scripless = 0.000 Local Percentage 0.00% Foreign Percentage 0.00%

Sando Sasako Table 28 – The ISIN of stocks issued by BDPC

IDR Certificate 03-Dec-99 Bank 196,498,000 (Total) 0.00% Scripless = 0.000 0.00% 0.00%

IDR Electronic 16-Jul-01 Bank 196,498,000 (Total) 0.00% Scripless = 0.000 0.00% 0.00%

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Waran Seri I Bank Danpac Tbk ID4000008505 BDPC-W Waran 16-Jul-01 IDX Not Active 0 18,702,000 02-Dec-02 16-Sep-01 IDR Electronic 16-Jul-01 18,702,000 (Total) 0.00% Scripless = 0.000 0.00% 0.00%

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ID1000069503 BDPC Saham Biasa 24-Nov-99 IDX Not Active 500 196,498,000

Local Percentage Foreign Percentage

ID1000050602 BDPC Saham Biasa 24-Nov-99 IDX Not Active 500 196,498,000

Waran Bank Danpac Tbk Seri I ID4000004504 BDPC-W Waran 03-Dec-99 IDX Not Active 0 18,702,000 02-Dec-02 IDR Certificate 03-Dec-99 18,702,000 (Total) 0.00% Scripless = 0.000 0.00% 0.00%

alu

ISIN Code Short Code Type Listing Date Stock Exchange Status Nominal Current Amount Mature Date Expire Date Exercise Price Currency Form Effective Date ISIN Activity Sector Number of Securities As of

Bank Danpac Tbk

Table – The ISIN of stocks issued by BDPC Security name Bank Danpac Tbk

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Bank Ekonomi Raharja Tbk, PT (BAEK) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

BAEK Graha Ekonomi Jl. Setiabudi Selatan Kav. 7-8 Jakarta 12920 (021) 255-45800 (Hunting) (021) 579-04461 http://www.bankekonomi.co.id IDX

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Equity 8th Mar 1990 (IDR)

Bank 0 0 (IDR) 0 0 8th Jan 2008

Bank Ekonomi Raharja Tbk, PT ID1000109101 Not Traded BAEK Equity 08-Jan-08 IDX Available 100 IDR Electronic 30 November -0001 2,670,000,000.00 (Total) Bank 0.00% 100.00%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Sando Sasako

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Table – Available financial reports of BAEK, Dec. 2007 – June 2015 Financial Report Reporting Date Available QR 6/30/2015 8/13/2015 QR 3/31/2015 5/14/2015 AR 12/31/2014 3/4/2015 QR 9/30/2014 11/13/2014 QR 6/30/2014 8/15/2014 QR 3/31/2014 6/3/2014 AR 12/31/2013 4/29/2014 QR 9/30/2013 11/12/2013 QR 6/30/2012 10/15/2013 QR 6/30/2013 8/14/2013 AR 12/31/2012 8/5/2013 QR 3/31/2013 5/6/2013 QR 9/30/2012 11/7/2012 QR 6/30/2012 8/15/2012 QR 3/31/2012 6/1/2012 AR 12/31/2011 4/27/2012 QR 9/30/2011 11/25/2011 QR 6/30/2011 9/5/2011 QR 3/31/2011 5/30/2011 AR 12/31/2010 3/18/2011 QR 9/30/2010 12/7/2010 QR 6/30/2010 8/28/2010 QR 3/31/2010 6/1/2010 QR 9/30/2009 4/9/2010 QR 3/31/2009 4/9/2010 AR 12/31/2009 3/27/2010 QR 6/30/2009 6/30/2009 AR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007

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Table 29 – Available financial reports of BAEK, Dec. 2007 – June 2015

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Bank Global Internasional Tbk, PT (BGIN) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

BGIN Menara Global, Lt. 3, Jl. Jend. Gatot Subroto Kav. 27, 527-0188 527-0288 IDX

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Equity

0 (IDR)

Bank 0 0 (IDR) 4,126,125,833 0 23rd Dec 1997 2nd Feb 2018

Bank Global Internasional Tbk, PT ID1000042708 Not Traded BGIN Equity 23-Dec-97 IDX Available 500.00 IDR Certificate 23-Dec-97 4,126,130,000.00 (Total) Bank 99.96% 0.04%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Sando Sasako

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Table – Available financial reports of BGIN, Dec. 1997 – Sept.2004 Financial Report Reporting Date Available IPO 1997-12-05 ✔ QR 1997-12-31 ✔ QRm 1997-12-31 ✔ QRm 1998-03-31 ✔ QRm 1998-09-30 ✔ QR 1998-12-31 ✔ QRm 1998-12-31 ✔ QRm 1999-06-30 ✔ QRm 1999-09-30 ✔ QRm 1999-12-30 ✔ QRm 1999-12-30 ✔ QR 1999-12-31 ✔ QRm 2000-03-31 ✔ QRm 2000-06-30 ✔ QRm 2000-09-30 ✔ QRm 2000-12-31 ✔ QR 2000-12-31 ✔ QRm 2001-03-31 ✔ QRm 2001-06-30 ✔ QRm 2001-09-30 ✔ QRm 2001-12-31 ✔ QR 2001-12-31 ✔ QRm 2002-03-31 ✔ QRm 2002-06-30 ✔ QRm 2002-09-30 ✔ QRm 2002-12-31 ✔ QR 2002-12-31 ✔ QRm 2003-03-31 ✔ QRm 2003-06-30 ✔ QR 2003-09-30 ✔ QR 2003-12-31 ✔ QR 2003-12-31 ✔ QR 2004-03-31 ✔ QR 2004-06-30 ✔ QR 2004-09-30 ✔

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Table 30 – Available financial reports of BGIN, Dec. 1997 – Sept.2004

100

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Bank Indonesia Raya Tbk, PT (BIRA) (no.FR) Table 31 – The ISIN of stocks issued by BIRA

Bank Bira

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ID1000020100 BIRA Saham Biasa Not Active 1,000 0 IDR Certificate 29 Juli 1994 0 (Total)

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Table – The ISIN of stocks issued by BIRA Security name Bank Indonesia Raya Tbk ISIN Code ID1000037906 Short Code BIRA Type Saham Biasa Listing Date Stock Exchange Status Not Active Nominal 500 Current Amount 0 Currency IDR Form Certificate Effective Date ISIN 11 Agustus 1997 Day Count Basis Number of Securities 0 (Total)

101

Sando Sasako

Berau Coal Energy Tbk, PT (BRAU) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

BRAU Jl. Pemuda No. 40 Tanjung Redeb 77311, Berau (62-554) 23400 / (62-21) 7264 778 (62-554) 23465 / (62-21) 7268 289 http://www.beraucoal.co.id IDX

30th Nov -0001 0 (IDR)

Available 100 IDR Electronic 30 November -0001 34,900,000,000.00 (Total) Coal Mining 32.66% 67.34%

oS nd Sa

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Berau Coal Energy Tbk, PT ID1000116502 Not Traded BRAU Equity 19-Aug-10

Metal and Mineral Mining 0 0 (IDR) 34,900,000,000 0 19th Aug 2010 31st Jan 2018

ak oo

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

102

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Equity

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of BRAU, Sept. 2010 – Dec. 2014 Financial Report Reporting Date Available AR 12/31/2014 10/9/2015 QR 12/31/2014 8/24/2015 QR 9/30/2014 11/23/2014 QR 6/30/2014 8/29/2014 QR 9/30/2013 7/23/2014 AR 12/31/2013 6/12/2014 QR 3/31/2014 5/30/2014 QR 12/31/2013 4/1/2014 QR 9/30/2013 11/1/2013 QR 3/31/2013 10/14/2013 QR 9/30/2012 10/14/2013 QR 6/30/2012 10/14/2013 QR 3/31/2012 10/14/2013 QR 3/31/2013 9/9/2013 QR 6/30/2013 8/29/2013 QR 6/30/2013 8/29/2013 AR 12/31/2012 8/5/2013 QR 12/31/2012 1/14/2013 QR 6/30/2012 8/9/2012 AR 12/31/2011 6/15/2012 QR 3/31/2012 5/2/2012 QR 9/30/2011 11/22/2011 QR 6/30/2011 8/24/2011 QR 3/31/2011 5/5/2011 AR 12/31/2010 4/28/2011 QR 9/30/2010 11/9/2010

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Table 32 – Available financial reports of BRAU, Sept. 2010 – Dec. 2014

103

Sando Sasako

Bintuni Minaraya Tbk, PT (BMRA) (20001009.j, 20060413.s, no.FR) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

BMRA Djajanti Plaza, Jl. H. Fachrudin No. 19, Kampung Bali, Tanah Abang 390-7001 390-8902 IDX

0 (IDR)

Available 500.00 IDR Electronic 01-Jul-02 1,751,580,000.00 (Total) Fishery 94.54% 5.46%

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Bintuni Minaraya Tbk, PT ID1000089907 Not Traded BMRA Equity 16-Apr-99

Fishery 0 0 (IDR) 1,751,576,290 0 16th Apr 1999 2nd Feb 2018

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

104

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Equity

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Bintuni Minaraya Tbk ID1000047905 BMRA Saham Biasa 16-Apr-99 IDX Not Active 500 1,751,576,290 IDR Certificate 16-Apr-99 Fishery 1,751,576,290 (Total) 0.00% Scripless = 0.000 0.00% 0.00%

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Table – The ISIN of stocks issued by BMRA Security name Bintuni Minaraya Tbk ISIN Code ID1000089907 Short Code BMRA Type Saham Biasa Listing Date 16-Apr-99 Stock Exchange Status Not Active Nominal 500 Current Amount 1,751,576,290 Currency IDR Form Electronic Effective Date ISIN 01 Juli 2002 Activity Sector Fishery Number of Securities 1,751,576,290 (Total) As of 0.00% Scripless = 0.000 Local Percentage 0.00% Foreign Percentage 0.00%

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Table 33 – The ISIN of stocks issued by BMRA

105

Sando Sasako

Bukaka Teknik Utama Tbk, PT (BUKK) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

BUKK Jl. Raya Bekasi Cibinong Km 19.5 Cileungsi (021) 823-1165 , 823-4805 (021) 823-1149 http://www.bukaka.com/ IDX

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Equity

Bukaka Teknik Utama Tbk, PT ID1000022700 Not Traded BUKK Equity 09-Jan-95 IDX Available 500 IDR Certificate 09-Jan-95 2,640,450,000.00 (Total) Non Building Construction 99.59% 0.41%

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Construction 0 4,092,700,600,000 (IDR) 2,640,452,000 0 9th Jan 1995 31st Jan 2018

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

1550 (IDR)

Commencing in 1978, from a small scale operation with only twelve employees and a single product line, this company has grown into a multi-million dollar company with thousand of employees. Pioneer in the line of its genuine businesses, PT Bukaka Teknik Utama's main activities cover the engineering and manufacturing of infra-structure related products and services.

The focus and strength of the company lie with its continuing and innovating experience in serving the rapid national development of the most important support sectors, namely energy transportation, and communication. The challenging enormous demand for the infra-structure, strives the company to keep its attention to the ongoing innovation competing world-wide. This is a company with breakthroughs of utilizing the maximum use of its productive personnel and continuous efficiency improvement to the attainable level of innovation. The company is opened to all opportunities that promote efficiency in such a spread-wise area of activities. Though delivery as the final stage of operation is executed in an efficient and economical manner, the company keeps its improving process, even it has to invite and or to cooperate with expertises.

106

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of BUKK, Dec. 2000 – Sept. 2017 Financial Report Reporting Date Available QR 9/30/2017 10/27/2017 QR 6/30/2017 7/25/2017 QR 3/31/2017 5/3/2017 AR 12/31/2016 5/3/2017 QR 12/31/2016 4/11/2017 QR 9/30/2016 10/19/2016 QR 6/30/2016 7/29/2016 QR 3/31/2016 5/7/2016 QR 9/30/2015 5/7/2016 QR 3/31/2006 5/7/2016 AR 12/31/2015 3/14/2016 QR 6/30/2015 8/18/2015 AR 12/31/2014 3/20/2015 AR 12/31/2013 3/17/2014 QR 9/30/2009 11/6/2009 QR 6/30/2009 6/30/2009 QR 3/31/2009 3/31/2009 AR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 QR 6/30/2005 6/30/2005 QR 6/30/2004 6/30/2004 AR 12/31/2003 12/31/2003 AR 12/31/2002 12/31/2002 QR 6/30/2002 6/30/2002 AR 12/31/2001 12/31/2001 AR 12/31/2000 12/31/2000

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Table 34 – Available financial reports of BUKK, Dec. 2000 – Sept. 2017

This is a company which implements the objective function of the good corporate governance. Governing the internal audit implementation to meet the objectives of good cooperate governance is totally inseparable. (http://www.bukaka.com/)

107

Sando Sasako

Ciputra Property Tbk, PT (CTRP) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

CTRP Jl. Prof. DR. Satrio Kav. 6 (62-21) 522 5858 (62-21) 520 5262

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Financial Land and Real Estate 723 4,357,780,557,930 (IDR) 6,315,623,997 3,191,190,016 7th Nov 2007 31st Jan 2018

Ciputra Property Tbk, PT ID1000107907 Active CTRP Equity 07-Nov-07 IDX Available 250 IDR Electronic 30 November -0001 6,315,620,000.00 (Total) Property and Real Estate 0.00% 0.00%

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JAK IDR December Ordinary Indonesia 22nd Dec 1994 690 (IDR)

PT Ciputra Property Tbk is an Indonesia-based commercial property developer. The Company's primary activities include the development and sale of real estate, including offices, shopping centers and facilities of Segitiga Emas located in Jakarta. It has two business segments, namely shopping center and hotel.

The Company's projects include Ciputra World Jakarta, Mal Ciputra Jakarta, Hotel Ciputra Jakarta, Mal Ciputra Semarang, Hotel Ciputra Semarang and Somerset Grand Citra Jakarta. The Company has three operational susbsidiaries, namely PT Ciputra Semarang, PT Ciputra Sentra and PT Subursejahtera Agungabadi, which are engaged in the development and management of shopping centers, hotels and other commercial buildings. (http://www.google.com/finance?q=JAK:CTRP)

108

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of CTRP, Dec. 2007 – June 2017 Financial Report Reporting Date Available QR 6/30/2017 8/31/2017 QR 3/31/2017 5/4/2017 QR 12/31/2016 4/2/2017 QR 9/30/2016 10/30/2016 QR 6/30/2016 9/30/2016 QR 3/31/2016 5/3/2016 AR 12/31/2015 5/3/2016 Financial Result 12/31/2015 4/1/2016 QR 9/30/2015 10/30/2015 QR 6/30/2015 8/1/2015 QR 3/31/2015 5/1/2015 AR 12/31/2014 4/3/2015 QR 9/30/2014 10/31/2014 QR 6/30/2014 7/25/2014 QR 3/31/2014 4/30/2014 AR 12/31/2013 4/22/2014 QR 9/30/2013 10/31/2013 QR 9/30/2012 10/15/2013 QR 6/30/2012 10/15/2013 QR 6/30/2013 9/11/2013 QR 6/30/2013 8/18/2013 AR 12/31/2012 5/6/2013 QR 3/31/2013 4/30/2013 QR 9/30/2012 10/30/2012 QR 6/30/2012 8/27/2012 QR 3/31/2012 4/30/2012 AR 12/31/2011 4/30/2012 QR 9/30/2011 11/1/2011 QR 6/30/2011 8/1/2011 QR 9/30/2010 5/16/2011 QR 3/31/2011 4/30/2011 AR 12/31/2010 3/29/2011 QR 6/30/2010 12/6/2010 QR 3/31/2010 12/6/2010 QR 9/30/2010 11/9/2010 QR 3/31/2009 10/18/2010 QR 6/30/2010 7/31/2010 QR 3/31/2010 5/26/2010 AR 12/31/2009 4/1/2010 AR 12/31/2008 1/18/2010 QR 9/30/2009 11/10/2009 QR 6/30/2009 6/30/2009 AR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 QR 3/31/2008 3/31/2008 AR 12/31/2007 12/31/2007

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Table 35 – Available financial reports of CTRP, Dec. 2007 – June 2017

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Sando Sasako

construction Miscellaneous Construction 506 5,509,971,336,050 (IDR) 2,033,199,755 1,239,949,952 15th Jan 1999 31st Jan 2018

Ciputra Surya Tbk, PT ID1000101900 Active CTRS Equity 30 November -0001 IDX Available 250 IDR Electronic 25-Jul-05 1,978,860,000.00 (Total) Property and Real Estate 91.75% 8.25%

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

alu

CTRS Jl. Prof. Dr. Satrio Kav. 6 (021) 520-7333 (021) 527-4125 http://www.ciputrasurya.com/ JAK IDR December Ordinary Indonesia 1st Mar 1989 2710 (IDR)

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Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

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Ciputra Surya Tbk, PT (CTRS)

Since the beginning, it has been the Ciputra Group's aspiration to fulfill the need for better dwellings and better living environments. In 1989, PT Ciputra Surya Tbk came into being as PT Bumi Citrasurya and pioneered township development in West Surabaya. In 1999, the Company became a public company and listed in the Jakarta Stock Exchange without initial public offering. The listing was the implementation of debt to equity conversion following the restructuring of the Rupiah Bond issued by the Company.

The first project of the Company is CitraRaya Surabaya, a township development, in West Surabaya, launched in 1993. With 1,126 hectares of licensed area, the project is the largest township development in East Java. Now, CitraRaya, known as The Singapore of Surabaya, is a clean, green and modern city. It is supported by various facilities such as golf course and family club, international and local schools, shops, market, houses of worship, a water park and much more. Following the success of CitraRaya, the Company developed several other projects to expand the existence of Ciputra Group in East Java and also other parts of Indonesia. In 1995 the Company marked the opening of 18-hole Ciputra Golf, followed by the next 9-hole in 1997 to become the most popular golf club in East Java. The Family Club adjacent to the Golf Club House commenced its operation also in 1997. Both the golf and family club are private clubs by membership only. 110

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of CTRS, Dec. 2003 – Sept. 2016 Financial Report Reporting Date Available QR 9/30/2016 10/31/2016 QR 6/30/2016 9/30/2016 QR 3/31/2016 5/13/2016 AR 12/31/2015 4/27/2016 QR 9/30/2015 10/31/2015 QR 6/30/2015 8/4/2015 QR 3/31/2015 4/30/2015 AR 12/31/2014 4/30/2015 Financial Result 12/31/2014 4/1/2015 QR 9/30/2014 10/31/2014 QR 6/30/2014 8/4/2014 QR 3/31/2014 4/30/2014 AR 12/31/2013 4/30/2014 QR 9/30/2013 10/31/2013 QR 9/30/2012 10/15/2013 QR 6/30/2012 10/15/2013 AR 12/31/2012 8/6/2013 QR 6/30/2013 7/31/2013 QR 3/31/2013 4/29/2013 QR 3/31/2012 5/1/2012 AR 12/31/2011 4/30/2012 QR 9/30/2011 10/31/2011 QR 6/30/2011 8/1/2011 QR 3/31/2011 5/4/2011 AR 12/31/2010 3/21/2011 AR 12/31/2010 3/21/2011 QR 9/30/2010 11/9/2010 QR 6/30/2010 7/30/2010 QR 3/31/2010 5/26/2010 AR 12/31/2009 5/11/2010 QR 3/31/2009 4/9/2010 AR 12/31/2009 4/1/2010 QR 9/30/2009 11/10/2009 QR 9/30/2009 11/6/2009 QR 6/30/2009 6/30/2009 QR 6/30/2009 6/30/2009 AR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007 QR 6/30/2007 6/30/2007 AR 12/31/2006 12/31/2006 AR 12/31/2005 12/31/2005 AR 12/31/2005 12/31/2005 AR 12/31/2004 12/31/2004 AR 12/31/2004 12/31/2004 AR 12/31/2003 12/31/2003 AR 12/31/2003 12/31/2003

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Table 36 – Available financial reports of CTRS, Dec. 2003 – Sept. 2016

In 1997, the Company launched CitraHarmoni, a residential estate with art themed in Sidoarjo, South of Surabaya. In 1998, the Company launched Graha Citra, a residential estate in the north of CitraRaya. Due to weak demand during the monetary crisis in 1998, this project was suspended until

111

Sando Sasako

2001. In 2003 this project was re-launched as Bukit Palma. Bukit Palma more affordable houses for middle class, therefore complements CitraRaya which provides more offers houses. In 2005, the Company launched three new residential projects, i.e. CitraGarden Lampung in Bandar Lampung in Sumatera island, the Taman Dayu in Pandaan, 50 km from Surabaya and CitraGarden Sidoarjo in Sidoarjo. In 2005, the Company also commenced the operation of Ciputra Waterpark in CitraRaya. Covering 4 hectares of land, Ciputra Waterpark is the largest water park in Indonesia.

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The Company has been through a long journey to become a major real estate player in Indonesia. It created vision on raw land and develop it for better living of the people. It successfully survived during the monetary crisis in 1998 and has been growing afterwards. With the experience and support of the solid management of Ciputra Group, the Company is looking forward for the next journey to win.(http://www.ciputrasurya.com/)

112

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Citra Maharlika Nusantara Corpora Tbk, PT (CPGT) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

CPGT

IDX

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Equity

(IDR)

eA alu

Citra Maharlika Nusantara Corpora Tbk, PT ID1000128101 Not Traded CPGT Equity 09-Jul-13 Available 100 IDR Electronic 30 November -0001 3,972,220,000.00 (Total) Transportation 23.53% 76.47%

Transportation 0 0 (IDR) 0 0 9th Jul 2013

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

113

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of CPGT, June 2013 – Sept. 2016 Financial Report Reporting Date Available QR 9/30/2016 10/28/2016 QR 6/30/2016 10/19/2016 QR 6/30/2016 7/29/2016 QR 3/31/2016 7/12/2016 QR 12/31/2015 6/7/2016 AR 12/31/2015 6/7/2016 QR 9/30/2015 10/31/2015 AR 12/31/2014 8/14/2015 QR 6/30/2015 8/4/2015 QR 3/31/2015 6/20/2015 QR 9/30/2014 1/2/2015 QR 6/30/2014 8/4/2014 QR 12/31/2013 6/7/2014 AR 12/31/2013 6/3/2014 QR 3/31/2014 4/30/2014 QR 9/30/2013 11/2/2013 QR 6/30/2013 10/16/2013

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Table 37 – Available financial reports of CPGT, June 2013 – Sept. 2016

115

Sando Sasako

Courts Indonesia Tbk, PT (MACO) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

MACO Jl. Cokroaminoto No. 33A (361) 424148 (361) 432053 http://www.courtsindonesia.com/ IDX

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Equity

0 (IDR)

Retail Trade 0 0 (IDR) 670,149,000 0 17th Jul 2002 2nd Feb 2018

Courts Indonesia Tbk, PT ID1000091705 Not Traded MACO Equity 17-Jul-02 IDX Available 100.00 IDR Electronic 17-Jul-02 670,149,000.00 (Total) Retail Trade 0.00% 0.00%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

PT Courts Indonesia Tbk is an Indonesia-based retail company. The Company is engaged in the retail of electronics and household furniture, as well as furnishings. The Company consists of two business segments: Electronics and Furniture. During the fiscal year ended December 28, 2008, the Company operated 13 stores in Bali, three stores in Lombok, three stores in East Java, one store in Central Java and two stores in West Java.

Table 38 – Available financial reports of MACO, Dec. 2008

Table – Available financial reports of MACO, Dec. 2008 Financial Report Reporting Date Available AR 2008-12-31 ✔

116

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Davomas Abadi Tbk, PT (DAVO) DAVO Plaza BII Menara III 9th Floor, Jl. M.H. Thamrin No. 51, Kav. 22 (021) 3983-4512 (021) 3983-4513 http://www.davomas.com/ JAK IDR December Ordinary Food & Beverages

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Confectionery Goods Confectionery Goods 354 0 (IDR) 12,403,711,320 8,186,869,760 22nd Dec 1994 31st Jan 2018

Davomas Abadi Tbk, PT ID1000100308 Not Traded DAVO Equity 22-Dec-94 IDX Available 100 IDR Electronic 17-Dec-04 12,403,700,000.00 (Total) Food & Beverages 70.77% 29.23%

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Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

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0 (IDR)

PT Davomas Abadi Tbk is Indonesia's largest producer and exporter of cocoa butter and cocoa powder (collectively referred to as cocoa products). Cocoa butter is a key ingredient in chocolate and is also used in pharmaceutical products and cosmetics. Cocoa powder is used to provide chocolate flavor and coloring to chocolate-related food products. The Company exports all of its cocoa products under the trade name P.T. Davomas Abadi to international cocoa traders.

The Company was established in 1990. Its production facility is located in Tangerang, West Java. The Company currently has a production capacity of 100,800 metric tons per annum (tpa); a further 40,320 tpa of capacity will come on-stream before mid year of 2007. Davomas is listed on the Jakarta Stock Exchange since 1994. In 2006, the Company had net sales of IDR 1,656.6 billion (USD 183.7 million), compared to IDR 1.120.9 billion (USD 114.0 million) in 2005, an increase of 47.8%. In 2006, the Company's EBITDA amounted to IDR 447.6 billion (USD 49.6 million), compared to IDR 319.3 billion (USD 32.5 million) in 2005, an increase of 40.2%. (http://www.davomas.com/)

117

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Table – Available financial reports of DAVO, Dec. 1999 – Dec. 2013 Financial Report Reporting Date Available QR 12/31/2013 6/7/2014 AR 12/31/2013 4/30/2014 QR 3/31/2014 4/29/2014 QR 9/30/2013 11/1/2013 QR 6/30/2013 10/15/2013 QR 3/31/2013 10/15/2013 QR 3/31/2013 10/15/2013 AR 12/31/2012 9/30/2013 QR 9/30/2011 11/2/2011 AR 12/31/2010 10/14/2011 QR 3/31/2011 9/10/2011 QR 6/30/2011 8/24/2011 AR 12/31/2009 2/24/2011 QR 3/31/2010 5/26/2010 AR 12/31/2006 1/13/2010 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007 QR 9/30/2007 9/30/2007 QR 6/30/2007 6/30/2007 AR 12/31/2006 12/31/2006 QR 9/30/2006 9/30/2006 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 QR 6/30/2005 6/30/2005 AR 12/31/2004 12/31/2004 QR 6/30/2004 6/30/2004 AR 12/31/2003 12/31/2003 QR 9/30/2003 9/30/2003 QR 6/30/2003 6/30/2003 AR 12/31/2002 12/31/2002 QR 6/30/2002 6/30/2002 AR 12/31/2001 12/31/2001 AR 1/1/2000 1/1/2000

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Table 39 – Available financial reports of DAVO, Dec. 1999 – Dec. 2013

118

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Daya Sakti Unggul Corporation Tbk, PT (DUSC) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

DSUC Wisma BSG 9th floor, Jl. Abdul Muis No. 40, (021) 350-5382 (021) 350-5380 ext. 9000 (021) 350-5381 http://www.dsuc.co.id/ IDX

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Equity

0 (IDR)

Wood Industries 0 0 (IDR) 500,000,000 0 25th Mar 1997 6th Feb 2018

Daya Sakti Unggul Corporation Tbk, PT ID1000050008 Not Traded DSUC Equity 25-Mar-97 IDX Available 200.00 IDR Certificate 18-Oct-99 500,000,000.00 (Total) Wood Industries 0.00% 0.00%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

PT Daya Sakti Unggul Corporation Terbuka. The Group's principal activity is manufacturing plywood, fancy plywood, block board and moulding. Its factory is located in Jelapat, South Kalimantan. The Group's products are sold locally and exported to other territories including the United States of America, Middle East, Japan, Taiwan, India and Europe.

119

Sando Sasako

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Table – Available financial reports of DSUC, Dec. 1996 – Dec. 2008 Financial Report Reporting Date Available QR 1996-12-31 ✔ IPO 1997-02-26 ✔ QRm 1997-03-31 ✔ QRm 1997-04-01 ✔ QRm 1997-04-02 ✔ QRm 1997-04-03 ✔ QRm 1997-04-04 ✔ QRm 1997-04-05 ✔ QRm 1997-04-06 ✔ QRm 1997-04-07 ✔ QRm 1997-04-08 ✔ QRm 1997-04-09 ✔ QRm 1997-04-10 ✔ QRm 1997-04-11 ✔ QR 1997-12-31 ✔ QR 1998-12-31 ✔ QR 1999-12-31 ✔ QRm 2000-03-31 ✔ QRm 2000-06-30 ✔ QRm 2000-09-30 ✔ QRm 2000-12-31 ✔ QR 2000-12-31 ✔ QRm 2001-03-31 ✔ QRm 2001-06-30 ✔ QRm 2001-09-30 ✔ QRm 2001-12-31 ✔ QR 2001-12-31 ✔ QRm 2002-03-31 ✔ QRm 2002-06-30 ✔ QRm 2002-09-30 ✔ QRm 2002-12-31 ✔ QR 2002-12-31 ✔ QRm 2003-03-31 ✔ QRm 2003-06-30 ✔ QR 2003-09-30 ✔ QR 2003-12-30 ✔ QR 2003-12-31 ✔ QR 2004-03-30 ✔ QR 2004-06-30 ✔ QR 2004-09-30 ✔ QR 2004-12-30 ✔ QR 2004-12-31 ✔ QR 2005-03-30 ✔ QR 2005-06-30 ✔ QR 2005-09-30 ✔ QR 2005-12-30 ✔ QR 2005-12-31 ✔ QR 2006-03-30 ✔ QR 2006-06-30 ✔ QR 2006-09-30 ✔ QR 2006-12-30 ✔

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Table 40 – Available financial reports of DSUC, Dec. 1996 – Dec. 2008

120

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of DSUC, Dec. 1996 – Dec. 2008 Financial Report Reporting Date Available QR 2006-12-31 ✔ QR 2007-03-30 ✔ QR 2007-06-30 ✔ QR 2007-09-30 ✔ QR 2007-12-30 ✔ QR 2007-12-31 ✔ QR 2008-03-30 ✔ QR 2008-06-30 ✔ QR 2008-09-30 ✔ QR 2008-12-30 ✔ QR 2008-12-31 ✔

121

Sando Sasako

KARK Plaza Bumidaya Building Lt. 27 Jl. Imam Bonjol No. 61 021-390 7206 021-390 3495 http://www.dayaindo.com/ JAK IDR December Ordinary Indonesia 21st Apr 1994 0 (IDR)

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

construction Diversified Construction Cos. 46 0 (IDR) 19,324,488,028 811,201,984 25th Jul 2001 31st Jan 2018

Dayaindo Resources International Tbk, PT ID1000097702 Not Traded KARK Equity 25-Jul-01 IDX Available 500 IDR Electronic 04-May-04 19,324,500,000.00 (Total) Wholesale (Durable & Non Durable Goods) 69.10% 30.90%

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Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

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Dayaindo Resources International Tbk, PT (KARK)

PT Dayaindo Resources International Tbk sebelumnya dikenal sebagai PT Karka Yasa Profilia Tbk, menyampaikan kepada investor mengenai perluasan bidang usahanya dari pengembang perumahan skala kecil menengah menjadi perusahaan yang melakukan kegiatan usaha berbasis pengelolaan dan pengolahan hasil sumberdaya alam & pertambangan, energi yang terbarukan dan investasi infrastruktur.

Perseroan akan memulai langkah awal di bidang perdagangan batubara paling lambat pada akhir triwulan III 2007 melalui kerjasama operasi dengan beberapa pemilik kuasa pertambangan di daerah Kalimantan Selatan dengan target volume perdagangan sebesar 125.000 metric to batubara low grade calorie per bulan dengan rincian 50.000 metric ton diperoleh dari aktivitas pertambangan dan 75.000 metric ton dari kegiatan perdagangan. Dalam jangka pendek, Perseroan berencana untuk membeli beberapa kuasa penambangan batubara yang telah memiliki kuasa penambangan untuk kegiatan produksi dan eksploitasi. Saat ini Perseroan Perseroan telah melakukan Pengikatan Kerjasama Produksi secara eksklusif dengan CV. Bina Insan Lestari Mandiri (BILM) untuk memproduksi batubara dimulai pada bulan Agustus-September 2007 dengan memanfaatkan seluruh cadangan yang dimiliki oleh BILM. (http://www.dayaindo.com/)

122

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of KARK, Dec. 2004 – Dec. 2011 Financial Report Reporting Date Available AR 12/31/2011 6/20/2012 QR 9/30/2011 11/1/2011 QR 6/30/2011 10/3/2011 QR 3/31/2011 8/1/2011 AR 12/31/2010 6/3/2011 QR 9/30/2010 11/11/2010 QR 3/31/2009 10/18/2010 QR 6/30/2010 8/24/2010 QR 3/31/2010 5/26/2010 AR 12/31/2009 4/2/2010 QR 9/30/2009 11/6/2009 QR 6/30/2009 6/30/2009 AR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 AR 12/31/2007 12/31/2007 AR 12/31/2006 12/31/2006 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 QR 6/30/2005 6/30/2005 AR 12/31/2004 12/31/2004

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Table 41 – Available financial reports of KARK, Dec. 2004 – Dec. 2011

123

Sando Sasako

Dynaplast Tbk, PT (DYNA) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

DYNA Dynaplast Tower 9-10th floor, Jl. MH. Thamrin No. 1, Lippo Karawaci -Tangerang 546-3111546 1112 546-1115 546-1177

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Paper Packaging Products 3,694 1,101,469,040,000 (IDR) 314,705,440 169,319,008 5th Aug 1991 6th Feb 2018

Dynaplast Tbk, PT ID1000065402 Active DYNA Equity 05-Aug-91 IDX Frozen 500 IDR Electronic 06-Mar-01 314,705,000.00 (Total) Plastics & Packaging 0.00% 0.00%

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JAK IDR December Ordinary Indonesia

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3500 (IDR)

PT Dynaplast Tbk is an Indonesia-based plastics manufacturer. The Company is engaged in the production of plastic components, plastic packaging and plastic sheets. Its subsidiaries, which are engaged in the provision of plastics products and mold prototypes and models, include PT Rexplast, PT Sanpak Unggul, Berli Dynaplast Co., Ltd. and Dynaplast Packaging Vietnam Co., Ltd. The Company operates production facilities in Tangerang, Bekasi and Bogor. (http://74.125.127.152/finance?q=JAK:DYNA)

124

Bankrupted & Delisted Companies in Indonesia, Feb. 2018 Table 42 – Available financial reports of DYNA, Dec. 2007 – Dec. 2010

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Table – Available financial reports of DYNA, Dec. 2007 – Dec. 2010 Financial Report Reporting Date Available QR 2007-12-31 AR 2008-12-31 QR 2008-12-31 AR 2009-12-31 QR 2009-12-31 QR 2010-03-31 QR 2010-06-30 QR 2010-09-30 QR 2010-12-31 QR 2010-12-31

125

Sando Sasako

Eka Dharma Jaya Sakti, PT (EDJSB) (no.FR) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

EDJSB Jl. Teuku Umar No 4, Menteng (021) 3192-7738 (021) 315-4093 http://www.ekadharma.co.id/

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Equity

0 (IDR)

eA alu

Eka Dharma Jaya Sakti, PT ID1000054000 Active EDJSB Equity 23-May-00

Available 500.00 IDR Electronic 23-May-00 4,681,640.00 (Total) Machinery And Heavy Equipment 100.00% 0.00%

Machinery And Heavy Equipment 0 0 (IDR) 110,808,000 0 23rd May 2000 6th Feb 2018

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Incorporated in Jakarta on June 20, 1983 PT Eka Dharma Jaya Sakti has successfully established itself as one of the major distributors of heavy-duty trucks in Kalimantan. It has been the authorized Volvo Trucks dealer inKalimantan since 1984, providing support for the mining, logging, construction and oilfield industries. There is an active population of more than 900 Volvo trucks in this region.

After more than 22 years of growth and development together with Volvo in serving the needs of client in heavy transportation in the mining, oil and gas, logging and construction, PT Eka Dharma Jaya Sakti has now expanded its business. It has now been entrusted to be authorized dealer for the World of Power, Volvo Penta. The days when customers simply purchase heavy duty equipment and leave the premises are now over. That's why Eka Dharma commits to give the best service for customer satisfaction with total transport solutions(http://www.ekadharma.co.id/)

126

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Eka Dharma Jaya Sakti Tbk seri B ID1000054000 EDJSB Saham Biasa 23 Mei 2000 Not Active 500 4,681,638 IDR Electronic 23 Mei 2000 Machinery and Heavy Equipment 4,681,638 (Total) 0.00% Scripless = 0.000 0.00% 0.00%

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Table – The ISIN of stocks issued by EDJS Security name Eka Dharma Jaya Sakti Tbk seri A ISIN Code ID1000053903 Short Code EDJSA Type Saham Biasa Listing Date 23 Mei 2000 Stock Exchange Status Not Active Nominal 500 Current Amount 110,808,000 Currency IDR Form Electronic Effective Date ISIN 23 Mei 2000 Activity Sector Machinery and Heavy Equipment Number of Securities 110,808,000 (Total) As of 0.00% Scripless = 0.000 Local Percentage 0.00% Foreign Percentage 0.00%

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Table 43 – The ISIN of stocks issued by EDJS

127

Sando Sasako

Great River International Tbk, PT (GRIV) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

GRIV Plaza GRI Lt. 18 Jl. HR. Rasuna Said Blok X-2 No. 1 (021) 526-2460 (021) 526-2462 IDX

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Equity

0 (IDR)

Retail Trade 0 0 (IDR) 931,392,000 0 3rd Nov 1989 6th Feb 2018

Great River International Tbk, PT ID1000004401 Not Traded GRIV Equity 03-Nov-89 IDX Available 500.00 IDR Certificate 20-May-96 931,392,000.00 (Total) Retail Trade 54.77% 45.23%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

GRI Great River International Ltd. is an advisory firm specializing in port authority operations in the USA and overseas. The principals and advisors bring to the market the knowledgeable group of professional assembled anywhere. Advise companies, governments and counties as to legislation, structure and bonding vehicles for the port authorites in the 21st century.

128

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of GRIV, Sept. 1989 – Sept. 2004 Financial Report Reporting Date Available IPO 1989-09-26 ✔ QR 1989-12-31 ✔ QR 1990-12-31 ✔ QRm 1990-12-31 ✔ QRm 1991-03-31 ✔ QRm 1991-06-30 ✔ QRm 1991-09-30 ✔ QR 1991-12-31 ✔ QRm 1991-12-31 ✔ QRm 1992-03-31 ✔ QRm 1992-06-30 ✔ QRm 1992-09-30 ✔ QR 1992-12-31 ✔ QRm 1992-12-31 ✔ QRm 1993-06-30 ✔ QRm 1993-09-30 ✔ QR 1993-12-31 ✔ QRm 1993-12-31 ✔ QRm 1994-03-31 ✔ QRm 1994-06-30 ✔ QRm 1994-09-30 ✔ QR 1994-12-31 ✔ QRm 1994-12-31 ✔ QRm 1995-03-31 ✔ QRm 1995-06-30 ✔ QR 1995-12-31 ✔ QRm 1995-12-31 ✔ RI.2 1996-02-01 ✔ QRm 1996-03-31 ✔ QRm 1996-06-30 ✔ QRm 1996-09-30 ✔ QR 1996-12-31 ✔ QRm 1996-12-31 ✔ QRm 1997-03-31 ✔ QRm 1997-06-30 ✔ QRm 1997-09-30 ✔ QR 1997-12-31 ✔ QRm 1997-12-31 ✔ QRm 1998-03-31 ✔ QRm 1998-06-30 ✔ QRm 1998-09-30 ✔ QRm 1998-12-30 ✔ AR 1998-12-31 ✔ QRm 1999-03-30 ✔ QRm 1999-06-30 ✔ QRm 1999-09-30 ✔ QRm 1999-12-30 ✔ QR 1999-12-31 ✔ QRm 2000-06-30 ✔ QRm 2000-09-30 ✔ QRm 2000-12-31 ✔

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Table 44 – Available financial reports of GRIV, Sept. 1989 – Sept. 2004

129

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Table – Available financial reports of GRIV, Sept. 1989 – Sept. 2004 Financial Report Reporting Date Available QR 2000-12-31 ✔ QRm 2001-03-31 ✔ QRm 2001-06-30 ✔ QRm 2001-09-30 ✔ QRm 2001-12-31 ✔ QR 2001-12-31 ✔ QRm 2002-03-31 ✔ QRm 2002-06-30 ✔ QRm 2002-09-30 ✔ QRm 2002-12-31 ✔ QR 2002-12-31 ✔ QRm 2003-03-31 ✔ QRm 2003-06-30 ✔ QR 2003-09-30 ✔ QR 2003-12-31 ✔ QR 2003-12-31 ✔ QR 2004-03-31 ✔ QR 2004-06-30 ✔ QR 2004-09-30 ✔

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Sando Sasako

130

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Indo Komoditi Korpora Tbk, PT (INCF) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

INCF

IDX

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Equity

(IDR)

Financial Institution 0 0 (IDR) 0 0 18th Dec 1989

Indo Komoditi Korpora Tbk, PT ID1000086200 Active INCF Equity 18-Dec-89 IDX Available 500 IDR Electronic 30 November -0001 1,438,370,000.00 (Total) Financial Institution 93.94% 6.06%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

131

Sando Sasako

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Table – Available financial reports of INCF, June 2004 – Sept. 2017 Financial Report Reporting Date Available QR 9/30/2017 10/31/2017 QR 6/30/2017 8/1/2017 QR 3/31/2017 7/15/2017 QR 12/31/2016 4/11/2017 QR 9/30/2016 11/12/2016 QR 9/30/2016 11/11/2016 QR 9/30/2012 10/15/2013 QR 6/30/2012 10/15/2013 AR 12/31/2011 6/8/2012 QR 3/31/2012 5/31/2012 QR 9/30/2011 10/28/2011 QR 6/30/2011 8/1/2011 QR 3/31/2011 6/20/2011 AR 12/31/2010 3/30/2011 QR 9/30/2010 11/9/2010 AR 12/31/2009 10/26/2010 QR 3/31/2009 10/18/2010 QR 6/30/2010 8/3/2010 QR 3/31/2010 5/26/2010 QR 9/30/2009 11/10/2009 QR 6/30/2009 6/30/2009 AR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007 QR 9/30/2007 9/30/2007 QR 3/31/2007 3/31/2007 AR 12/31/2006 12/31/2006 QR 9/30/2006 9/30/2006 QR 6/30/2006 6/30/2006 QR 3/31/2006 3/31/2006 AR 12/31/2005 12/31/2005 QR 9/30/2005 9/30/2005 QR 6/30/2005 6/30/2005 QR 3/31/2005 3/31/2005 AR 12/31/2004 12/31/2004 QR 6/30/2004 6/30/2004

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Table 45 – Available financial reports of INCF, June 2004 – Sept. 2017

134

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Indo Setu Bara Resources Tbk, PT (CPDW) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

CPDW

IDX

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Equity

(IDR)

Animal Husbandry 0 0 (IDR) 0 0 18th Jun 1990

Indo Setu Bara Resources Tbk, PT ID1000060601 Active CPDW Equity 18-Jun-90 IDX Available 1,000.00 IDR Electronic 30 November -0001 34,198,100.00 (Total) Coal Mining 0.00% 0.00%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

135

Sando Sasako

CPDW Wisma Intra Asia Lt. 3, Jl. Prof. Dr. Supomo SH No. 58 (021) 8370 3300 (021) 8370-0025 (021) 8370-0026 http://www.cipendawa-agro.com/ JAK IDR December Ordinary Indonesia 25th Nov 1970 0 ()

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Food and Beverages Miscellaneous food 349 0 () 34,198,115 32,277,800 18th Jun 1990 31st Jan 2018

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Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

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Cipendawa Tbk, PT (CPDW)

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PT Cipendawa Tbk is an Indonesia-based agribusiness company. The Company operates in the fields of chicken breeding, commercial breeding, chicken processing, poultry feed industries, and general trade of poultry products and goods. The Company operates farms in Cipanas and Mekarsari. The Company is a subsidiary of Indo Setubara Limited. (http://74.125.127.152/finance?q=JAK:CPDW)

136

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of CPDW, June 2005 – Sept. 2013 Financial Report Reporting Date Available QR 9/30/2013 10/15/2013 QR 3/31/2013 10/15/2013 QR 9/30/2012 10/15/2013 QR 3/31/2013 9/20/2013 AR 12/31/2012 8/6/2013 QR 3/31/2012 5/22/2012 AR 12/31/2011 4/3/2012 QR 9/30/2011 11/1/2011 AR 12/31/2010 9/10/2011 QR 6/30/2011 8/8/2011 QR 3/31/2011 8/8/2011 QR 9/30/2010 11/9/2010 QR 3/31/2009 10/18/2010 QR 6/30/2010 10/14/2010 QR 3/31/2010 8/13/2010 AR 12/31/2009 4/23/2010 QR 9/30/2009 11/19/2009 QR 6/30/2009 6/30/2009 AR 12/31/2008 12/31/2008 AR 12/31/2007 12/31/2007 QR 6/30/2007 6/30/2007 AR 12/31/2006 12/31/2006 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 QR 6/30/2005 6/30/2005

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Table 46 – Available financial reports of CPDW, June 2005 – Sept. 2013

137

Sando Sasako

Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

IDKM Jl. Damai No. 11 Daan Mogot (021) 567 2222 (021) 568 8888 (021) 565 5756 http://www.indosiar.com/ JAK IDR December Ordinary Indonesia

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Recreation Radio & T.V. Broadcasts 1,505 0 (IDR) 10,128,069,095 551,708,992 4th Oct 2004 31st Jan 2018

Indosiar Karya Media Tbk, PT ID1000099203 Not Traded IDKM Equity 04-Oct-04 IDX Available 250 IDR Electronic 04-Oct-04 10,128,100,000.00 (Total) Advertising, Printing, and Media 87.84% 12.16%

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Indosiar Karya Media Tbk, PT (IDKM)

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0 (IDR)

PT Indosiar Karya Media Tbk is an Indonesia-based management services provider. The Company provides services to the multimedia, mass media and related sectors, and is engaged in the administration, management and consulting services sectors. In addition, the Company operates in trading, including technical equipment, machinery and spare parts, electronic tools, broadcasting equipment, exporting and importing, and trading of its own products to third parties. It acts as a supplier, distributor, agency and representative of other companies in both domestic and international markets. (http://www.google.com/finance?q=JAK:IDKM)

138

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of IDKM, Dec. 2004 – March 2013 Financial Report Reporting Date Available QR 3/31/2013 10/15/2013 QR 9/30/2012 10/15/2013 QR 6/30/2012 10/15/2013 AR 12/31/2012 8/6/2013 QR 3/31/2012 5/1/2012 AR 12/31/2011 4/4/2012 QR 9/30/2011 10/31/2011 QR 6/30/2011 8/1/2011 QR 3/31/2011 5/4/2011 AR 12/31/2010 3/22/2011 QR 9/30/2010 11/9/2010 QR 3/31/2009 10/18/2010 QR 3/31/2010 10/15/2010 QR 6/30/2010 7/31/2010 AR 12/31/2009 4/2/2010 QR 9/30/2009 11/10/2009 QR 6/30/2009 6/30/2009 AR 12/31/2008 12/31/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007 QR 6/30/2007 6/30/2007 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 QR 6/30/2005 6/30/2005 AR 12/31/2004 12/31/2004

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Table 47 – Available financial reports of IDKM, Dec. 2004 – March 2013

139

Sando Sasako

Infoasia Teknologi Global Tbk, PT (IATG) IATG Graha Infoasia, Jl. Pembangunan II No. 10m Jakarta 10130 Kantor Cabang : Menara Thamrin Lt. 15, Jl. MH. Thamrin Kav. 3, (021) 632-1883 (021) 632-2387 http://www.infoasia.com/ IDX

Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

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Security: Address:

Equity

0 (IDR)

Telecomunication 0 0 (IDR) 899,973,500 0 15th Nov 2001 31st Jan 2018

Infoasia Teknologi Global Tbk, PT ID1000077001 Not Traded IATG Equity 15-Nov-01 IDX Available 100 IDR Electronic 15-Nov-01 899,974,000.00 (Total) Telecomunication 82.62% 17.38%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

PT Infoasia Teknologi Global Tbk is an Indonesia-based telecommunication company. It is engaged in the provision of trading services, telecommunication networks and telecommunication information technology. The Company's subsidiaries include PT Global Teknindo Infotama, which sells computers

140

Bankrupted & Delisted Companies in Indonesia, Feb. 2018 Table 48 – Available financial reports of IATG, Dec. 2002 – Sept. 2008

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Table – Available financial reports of IATG, Dec. 2002 – Sept. 2008 Financial Report Reporting Date Available QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007 QR 6/30/2007 6/30/2007 AR 12/31/2006 12/31/2006 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 AR 12/31/2005 12/31/2005 QR 9/30/2005 9/30/2005 QR 6/30/2005 6/30/2005 AR 12/31/2004 12/31/2004 AR 12/31/2004 12/31/2004 AR 12/31/2002 12/31/2002

141

Sando Sasako

Inovisi Infracom Tbk, PT (INVS) INVS The East Off. Tower Lt.30 Unit 05, Jl. Lingkar Mega Kuningan No.1 021 - 5793 8515 021 - 5793 8517 http://inovisi.com/ JAK IDR December Ordinary Indonesia

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Utilities Telecommunications 35 0 (IDR) 9,990,273,135 730,000,000 3rd Jul 2009 31st Jan 2018

Inovisi Infracom Tbk, PT. ID1000112709 Not Traded INVS Equity 03-Jul-09

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Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

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0 (IDR)

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Available 100 IDR Electronic 30 November -0001 9,990,270,000.00 (Total) Telecomunication 58.20% 41.80%

PT Inovisi Infracom is a fully integrated Mobile IT Infrastructure Provider. Established in 2007. Inovisi is a company that provides product(s) and service(s) which enables its' customers to engage and get involved in the mobile business via connecting to the mobile telecommunication network and providing various services to serve the general public. Inovisi's services serves to improved customer experience (faster access), boost transaction success rate, and increase application reliability. Inovisi's services include the system design, rental or outsourcing and also selling of hardware, software and connectivity to its customers. (http://inovisi.com/)

142

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of INVS, Dec. 2009 – June 2014 Financial Report Reporting Date Available QR 6/30/2014 6/3/2015 QR 3/31/2014 4/24/2015 QR 9/30/2014 11/4/2014 AR 12/31/2013 6/7/2014 QR 12/31/2013 6/7/2014 QR 9/30/2013 11/1/2013 QR 6/30/2013 10/14/2013 QR 3/31/2013 10/14/2013 QR 9/30/2012 10/14/2013 QR 6/30/2012 10/14/2013 QR 3/31/2012 10/14/2013 AR 12/31/2012 8/5/2013 AR 12/31/2011 6/14/2012 AR 12/31/2011 6/8/2012 QR 9/30/2011 11/1/2011 QR 6/30/2011 8/1/2011 QR 3/31/2011 5/2/2011 AR 12/31/2010 3/30/2011 QR 9/30/2010 11/9/2010 QR 6/30/2009 10/19/2010 QR 6/30/2010 7/31/2010 QR 3/31/2010 5/26/2010 QR 9/30/2009 4/9/2010 AR 12/31/2009 3/30/2010

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Table 49 – Available financial reports of INVS, Dec. 2009 – June 2014

143

Sando Sasako

Jaka Inti Realtindo Tbk, PT (JAKA) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

JAKA Wisma SMR, Lantai 9 Ruang 901-903 Jl. Yos Sudarso Kav. 89, (021) 6502225 (021) 6501566 IDX

Jaka Inti Realtindo Tbk, PT ID1000103906 Active JAKA Equity 30 November -0001 IDX Available 250.00 IDR Electronic 19-Jul-06 520,012,000.00 (Total) Property and Real Estate 95.23% 4.77%

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Property and Real Estate 0 0 (IDR) 520,012,400 0 2nd Aug 2000 6th Feb 2018

0 (IDR)

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

144

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Equity

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

alu

✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔

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2000-06-30 2000-06-30 2000-09-30 2000-12-30 2000-12-31 2001-03-30 2001-09-30 2001-12-30 2001-12-31 2002-03-30 2002-06-30 2002-09-30 2002-12-30 2002-12-31 2003-03-30 2003-06-30 2003-09-30 2003-12-30 2003-12-31 2004-03-30 2004-06-30 2004-09-30 2004-12-30 2004-12-31 2005-03-30 2005-06-30 2005-09-30 2005-12-30 2005-12-31 2006-03-30 2006-06-30 2006-12-31 2007-12-31

IPO QRm QRm QRm QRm QRm QRm QRm QR QRm QRm QRm QRm QR QRm QRm QR QR QR QR QR QR QR QR QR QR QR QR QR QR QR QR QR

Table – Available financial reports of JAKA, June 2000 – Sept. 2008 Financial Report Reporting Date Available QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 QR 3/31/2008 3/31/2008 AR 12/31/2007 12/31/2007 QR 9/30/2007 9/30/2007 QR 6/30/2007 6/30/2007 QR 3/31/2007 3/31/2007 AR 12/31/2006 12/31/2006 QR 9/30/2006 9/30/2006 QR 6/30/2006 6/30/2006

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Table 50 – Available financial reports of JAKA, June 2000 – Sept. 2008

145

Sando Sasako

Jasa Angkasa Semesta Tbk, PT (JASS) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

JASS Menara Cardiq Jl. Raya Halim Perdanakusuma (021) 8088-3388 (021) 8088-6688 http://www.ptjas.co.id/ IDX

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Equity

0 (IDR)

Transportation 0 0 (IDR) 515,835,509 0 15th Jul 2002 31st Jan 2018

Jasa Angkasa Semesta Tbk, PT ID1000091606 Not Traded JASS Equity 15-Jul-02 IDX Available 50 IDR Electronic 15-Jul-02 515,836,000.00 (Total) Transportation 50.21% 49.79%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

PT Jasa Angkasa Semesta, Tbk was established in 1984 with JAS Airport Services as it's company brand . In 1999 PT. Jasa Angkasa Semesta merged with its affiliated company, PT Cardig Air, thus making JAS Airport Services the largest private aviation ground and cargo handling company in Indonesia.

As part of its journey to fulfill its Mission and Vision, JAS Airport Services went public in 2003 by listing its stock at the Surabaya stock exchange. The listing enabled JAS to continually improve its professionalism and corporate Governance while opening the possibility of attracting strategic investor into its business. In August 2004, PT. Jasa Angkasa Semesta Tbk, entered into strategic partnership with SATS, Ltd, (Singapore Airport Terminal Services , Ltd ) a subsidiary of Singapore Airlines group which is one of the major players in the Ground and Cargo Handling Industry globally. The partnership further cements JAS Airport Services as the premier Airport Services provider in Indonesia in the years to come. (http://www.ptjas.co.id/)

146

Bankrupted & Delisted Companies in Indonesia, Feb. 2018 Table 51 – Available financial reports of JASS, Dec. 2007 – Dec. 2009

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Table – Available financial reports of JASS, Dec. 2007 – Dec. 2009 Financial Report Reporting Date Available AR 12/31/2009 4/26/2010 QR 9/30/2009 4/9/2010 QR 6/30/2009 11/11/2009 QR 3/31/2009 3/31/2009 AR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 QR 3/31/2008 3/31/2008 AR 12/31/2007 12/31/2007

147

Sando Sasako

Kasogi Internasional Tbk, PT (GDWU) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

GDWU Wisma 77, Lt.6 Jl. S.Parman Slipi, (021) 5436-5292 (021) 5436-5292 IDX

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Equity

0 (IDR)

eA alu

Kasogi Internasional Tbk, PT ID1000084304 Not Traded GDWU Equity 09-Aug-93 Available 500.00 IDR Electronic 13-May-02 252,000,000.00 (Total) Footwear 98.13% 1.87%

Footwear 0 0 (IDR) 252,000,000 0 9th Aug 1993 9th Feb 2018

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

PT Kasogi Internasional Terbuka. The Group's principal activities are the manufacturing and retail trading of shoes, sandals, socks and other footwear. Shoes and sandals are supported by subsidiary's shops and display counter and in the form of midsole, which is a component of phylon material. Factories are located in Surabaya, Sidoarjo, Surabaya and Tangerang.

Products of the Group are marketed both domestically and internationally, including Europe, the United States of America, Middle East, Asia and Australia. Manufacturing accounted for 79% of 2002 revenues and retail trading, 21%

148

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of GDWU, July 1993 – Sept. 2004 Financial Report Reporting Date Available IPO 1993-07-07 ✔ QRm 1993-09-30 ✔ QRm 1993-12-30 ✔ QR 1993-12-31 ✔ QRm 1994-03-30 ✔ QRm 1994-06-30 ✔ QRm 1994-09-30 ✔ QRm 1994-12-30 ✔ QR 1994-12-31 ✔ QRm 1995-03-30 ✔ QRm 1995-06-30 ✔ QRm 1995-09-30 ✔ QRm 1995-12-30 ✔ QR 1995-12-31 ✔ QRm 1996-03-30 ✔ QRm 1996-06-30 ✔ QRm 1996-09-30 ✔ QRm 1996-12-30 ✔ QR 1996-12-31 ✔ QRm 1997-03-30 ✔ QRm 1997-06-30 ✔ QRm 1997-09-30 ✔ QRm 1997-12-30 ✔ QR 1997-12-31 ✔ QRm 1998-06-30 ✔ QRm 1998-09-30 ✔ QR 1998-12-31 ✔ QRm 1999-06-03 ✔ QR 1999-12-31 ✔ QRm 1999-12-31 ✔ QRm 2000-09-30 ✔ QR 2000-12-31 ✔ QR 2001-12-31 ✔ QRm 2002-03-31 ✔ QRm 2002-12-31 ✔ QR 2002-12-31 ✔ QR 2003-09-30 ✔ QR 2003-12-31 ✔ QR 2003-12-31 ✔ QR 2004-03-31 ✔ QR 2004-06-30 ✔ QR 2004-09-30 ✔

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Table 52 – Available financial reports of GDWU, July 1993 – Sept. 2004

149

Sando Sasako

Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

RINA Rukan Tiara Buncit Blk A1-A2, Jl. Kemang Utara IX No.9 62-21 - 7919 5720 62-21 - 7919 2119 http://www.katarina.co.id/ JAK IDR December Ordinary Indonesia

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Utilities Telecommunications 74 0 (IDR) 810,000,000 600,000,000 14th Jul 2009 31st Jan 2018

Katarina Utama Tbk. PT ID1000112907 Active RINA Equity 14-Jul-09 IDX Available 100 IDR Electronic 30 November -0001 810,000,000.00 (Total) Telecomunication 22.65% 77.35%

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0 (IDR)

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Katarina Utama Tbk, PT (RINA)

Katarina is Indonesia leading telecommunication engineering services firm with highly experienced and competent engineering team. Katarina was conceived in 1997 to distribute Kathrine radio transmitter equipment from German. The company name ""Katarina"" was derived from Katharine.

Over the years the company has transformed itself into a proficient telecommunication engineering services provider. Katarina has been doing installation, testing and commissioning of Ericsson BTS for Telkomsel, Indosat, Axis and Excelcomindo. Katarina have successfully passed certification process of ISO 9001:2000 Quality Management System ( certified by TUV International, certification number 01 100 059065 ) on 28th December 2005. We are Indonesia leading telecommunication Engineering Services company. We are Ericsson leading and preferred Engineering Services business partner. We have rich experience in Engineering Services. We have a highly trained, qualified and competent team. We are a ISO 9001 company, therefore is wholly committed towards delivering unrivaled quality engineering services.

150

Bankrupted & Delisted Companies in Indonesia, Feb. 2018 Table 53 – Available financial reports of RINA, Dec. 2009 – June 2012

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Table – Available financial reports of RINA, Dec. 2009 – June 2012 Financial Report Reporting Date Available QR 6/30/2012 10/14/2013 QR 3/31/2012 6/2/2012 QR 6/30/2011 6/2/2012 AR 12/31/2011 4/4/2012 QR 9/30/2010 11/9/2010 QR 3/31/2010 5/26/2010 QR 9/30/2009 4/9/2010 AR 12/31/2009 4/1/2010

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We have a solid and professional management team to run the company. We have sturdy financial backing and incessantly amplifying our financial facilities. We have clearly articulated our corporate philosophy and set core values. We are devoted towards to persistently raising the competency level of our human resource and we aspire to be a choice employer that attracts talented people We are now going into a meaningful business by expanding and exporting our engineering services business overseas(http://www.katarina.co.id/)

151

Sando Sasako

Lamicitra Nusantara Tbk, PT (LAMI) LAMI Jembatan Merah Plaza Lt. 5 Jl. Taman Jayenggrono No. 2 - 4 (031) 355-6400 (031) 355-6480 http://www.lamicitra.co.id/ JAK IDR December common Indonesia

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Financial Land and Real Estate 136 422,617,824,000 (IDR) 1,148,418,000 0 18th Jul 2001 31st Jan 2018

Lamicitra Nusantara Tbk, PT ID1000071103 Active LAMI Equity 18-Jul-01 IDX Available 125 IDR Electronic 18-Jul-01 1,148,420,000.00 (Total) Property and Real Estate 0.00% 0.00%

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Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

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368 (IDR)

In 1988 some businessmen having commitment to participate in its national development established PT. Lamicitra Nusantara, Tbk. The founders are of businessmen having national or even international reputation who are successful in developing their business; their real contribution to the nation and country by creating the chance of employment for thousands of people.

Chairman, Laksmono Kartika, is a prominent figure businessman who started his business from bottom. He started his career in his young age from small-scale business-Workshop, Marine Contractor, then developed into the sector of Stone Crushing Plant, DockYard, and Industry of Consumer Goods and Trading.(http://www.lamicitra.co.id/)"

152

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of LAMI, Dec. 2004 – Sept. 2017 Financial Report Reporting Date Available QR 9/30/2017 11/1/2017 QR 6/30/2017 7/26/2017 AR 12/31/2016 5/3/2017 QR 12/31/2016 4/11/2017 QR 9/30/2016 10/27/2016 QR 6/30/2016 8/1/2016 QR 3/31/2016 5/2/2016 AR 12/31/2015 5/2/2016 QR 3/31/2007 4/15/2016 QR 9/30/2015 10/30/2015 QR 6/30/2015 8/4/2015 QR 3/31/2015 5/1/2015 AR 12/31/2014 5/1/2015 QR 9/30/2014 10/31/2014 QR 6/30/2014 7/25/2014 AR 12/31/2013 6/26/2014 QR 12/31/2013 6/7/2014 QR 3/31/2014 4/30/2014 QR 9/30/2013 10/31/2013 QR 6/30/2013 10/15/2013 QR 3/31/2013 10/15/2013 QR 9/30/2012 10/15/2013 QR 6/30/2012 10/15/2013 QR 3/31/2012 10/15/2013 QR 9/30/2012 10/3/2013 AR 12/31/2012 8/6/2013 QR 3/31/2012 4/30/2012 AR 12/31/2011 4/30/2012 QR 9/30/2011 10/28/2011 QR 6/30/2011 7/28/2011 QR 3/31/2011 4/30/2011 AR 12/31/2010 3/28/2011 QR 9/30/2010 11/9/2010 QR 3/31/2009 10/18/2010 QR 6/30/2010 7/30/2010 QR 3/31/2010 5/26/2010 AR 12/31/2009 4/7/2010 QR 6/30/2009 11/11/2009 QR 9/30/2009 11/10/2009 QR 9/30/2009 10/29/2009 AR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007 QR 6/30/2007 6/30/2007 AR 12/31/2006 12/31/2006 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 QR 6/30/2005 6/30/2005 AR 12/31/2004 12/31/2004

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Table 54 – Available financial reports of LAMI, Dec. 2004 – Sept. 2017

153

Sando Sasako

Makindo Tbk, PT (MKDO) (2007-04-02, no.FR) MKDO Wisma GKBI lantai 38 lantai Mezzanine Jl. Jenderal Sudirman No. 28 021 5727222; 5727333; 5727111 021 5722550; 5722551 http://www.makindo-ct.com

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Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

30th Nov -0001 900 ()

0 790,101,900,000 () 877,891,000 0 30th Nov -0001 6th Feb 2018

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

154

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Makindo Tbk ID1000043003 MKDO Saham Biasa 22 Januari 1998 IDX Not Active 500 877,891,000.00 IDR Certificate 09 Januari 1998 Securities Company 877,891,000 (Total) 0.00% Scripless = 0.000 0.00% 0.00%

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Table – The ISIN of stocks issued by MKDO Security name Makindo Tbk ISIN Code ID1000088305 Short Code MKDO Type Saham Biasa Listing Date 22 Januari 1998 Stock Exchange IDX Status Not Active Nominal 500 Current Amount 877,891,000.00 Currency IDR Form Electronic Effective Date ISIN 13 Juni 2002 Activity Sector Securities Company Number of Securities 877,891,000 (Total) As of 0.00% Scripless = 0.000 Local Percentage 0.00% Foreign Percentage 0.00%

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Table 55 – The ISIN of stocks issued by MKDO

155

Sando Sasako

Manly Unitama Finance Tbk, PT (MANY) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

MANY Wisma 77 Lt. 6 Jl. Let.Jend. S. Parman Kav. 77 536-1007 536-1009 IDX

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Equity

0 (IDR)

Financial Institution 0 0 (IDR) 112,460,000 0 30th Nov -0001 9th Feb 2018

Manly Unitama Finance Tbk, PT ID1000051204 Not Traded MANY Equity 30 November -0001 IDX Available 500.00 IDR Certificate 03-Feb-00 112,460,000.00 (Total) Financial Institution 99.98% 0.02%

alu

ak oo

as oS nd Sa 156

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of MANY, Sept. 2000 – June 2003 Financial Report Reporting Date Available QRm 2000-09-30 ✔ QRm 2000-12-30 ✔ QR 2000-12-31 ✔ QRm 2001-03-30 ✔ QRm 2001-06-30 ✔ QRm 2001-09-30 ✔ QRm 2001-12-30 ✔ QR 2001-12-31 ✔ QRm 2002-03-30 ✔ QRm 2002-06-30 ✔ QRm 2002-09-30 ✔ QRm 2002-12-30 ✔ QR 2002-12-31 ✔ QRm 2003-03-30 ✔ QRm 2003-06-30 ✔

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Table 56 – Available financial reports of MANY, Sept. 2000 – June 2003

157

Sando Sasako

Mitra Energi Persada Tbk, PT (KOPI) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

KOPI Menara Rajawali Lt. 24 Jl. Mega Kuningan, Kawasan Mega Kuningan 021-576 1626 021-576 1627 http://mitraenergipersada.com/

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Equity

730 (IDR)

eA alu

Mitra Energi Persada Tbk, PT ID1000068307 Not Traded KOPI Equity 23-Apr-01 Available 250.00 IDR Electronic 23-Apr-01 697,267,000.00 (Total) Energy 91.89% 8.11%

Computer and Services 0 509,004,667,640 (IDR) 697,266,668 0 23rd Apr 2001 6th Feb 2018

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

On January 16, 2008, by deed No. 4 drawn up before a notary Ny. Hestyani Hassan, SH, of the Company name change from 'PT Korpora Persada Investama, Tbk' to 'PT Mitra Energi Persada, Tbk and also changes in the Company's business activities into Commerce, Distribution of Oil and Gas, Power Development and Coal Mining and Other Services related.

The change of the Charter has been approved by the Minister of Justice and Human Rights of the Republic of Indonesia based on the Decree No. AHU-07629.AH.01.02 dated February 15, 2008 already received and recorded in the database of Sisminbakum Department of Justice and Human Rights Republic of Indonesia based on the Letter of Acceptance Notification of Association Changes PT Mitra Energi Persada Tbk. No. AHU-AH.01.10.9100 dated 17 April 2008. Currently our company's status is delisted since February 7th 2007 based on The Jakarta Stock Exchange letter dated February 6th 2007 No. Peng - 02/BEJ-PSJ/DEL/02-2007.

158

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of KOPI, Dec. 2001 – Sept. 2017 Financial Report Reporting Date Available QR 9/30/2017 11/1/2017 QR 6/30/2017 8/2/2017 QR 3/31/2017 5/10/2017 AR 12/31/2016 4/12/2017 QR 12/31/2016 4/11/2017 QR 9/30/2016 11/29/2016 QR 9/30/2016 10/28/2016 QR 6/30/2016 8/8/2016 AR 12/31/2015 5/27/2016 QR 3/31/2016 5/7/2016 QR 9/30/2015 5/7/2016 QR 6/30/2015 5/7/2016 AR 12/31/2004 12/31/2004 QR 6/30/2004 6/30/2004 AR 12/31/2003 12/31/2003 QR 9/30/2003 9/30/2003 QR 6/30/2003 6/30/2003 AR 12/31/2002 12/31/2002 AR 12/31/2001 12/31/2001

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Table 57 – Available financial reports of KOPI, Dec. 2001 – Sept. 2017

159

Sando Sasako

Modern Bank Tbk, PT (MDBN) (no.FR) Table 58 – The ISIN of stocks issued by MDBN

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Modern Bank Tbk ID1000019805 MDBN Saham Biasa Not Active 1,000 0 IDR Certificate 06 Juli 1994 0 (Total)

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Table – The ISIN of stocks issued by MDBN Security name Modern Bank Tbk ISIN Code ID1000038508 Short Code MDBN Type Saham Biasa Listing Date Stock Exchange Status Not Active Nominal 500 Current Amount 0 Currency IDR Form Certificate Effective Date ISIN 25 Agustus 1997 Day Count Basis Number of Securities 0 (Total)

160

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Multibreeder Adirama Indonesia Tbk, PT (MBAI) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

MBAI Grha Praba Samantha, Ged. Japfa Comfeed I Jl. Daan Mogot KM 12 No. 9 (01) 831-0308 ext 2286 (021) 544-8660 (021) 831-0309 (021) 544-8661

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Miscellaneous Miscellaneous Companies 4,364 0 (IDR) 75,000,000 54,791,300 28th Feb 1994 7th Feb 2018

Multibreeder Adirama Indonesia Tbk, PT ID1000074909 Active MBAI Equity 28-Feb-94 IDX Available 1,000.00 IDR Electronic 15-Nov-01 75,000,000.00 (Total) Animal Husbandry 86.37% 13.63%

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JAK IDR December Ordinary Indonesia

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0 (IDR)

PT Multibreeder Adirama Indonesia, Tbk (IDX: MBAI) merupakan perusahaan Multinasional yang bergerak di bidang Peternakan dan memproduksi ternak ayam (DOC). Perusahaan ini bermarkas di Jakarta, Indonesia. Perusahaan ini didirikan pada tahun 1983 di Sukodermo, Pasuruan, Jawa Timur dengan nama Multifarm Adiputra.

Kemudian pada tahun 1985 berubah menjadi PT Multibreeder Adirama Indonesia. Perusahaan ini telah berkembang ke seluruh pelosok Indonesia, diantaranya di Jawa Barat (Sukabumi, Serang, Bogor, Purwakarta dan Subang), Jawa Tengah (Pemalang, Salatiga dan Tuntang), Jawa Timur (Mojokerto, Pasuruan dan Malang), Bali (Baturiti dan Batungsel), Kalimantan (Banjarbaru dan Samarinda), Sumatera (Lampung, Palembang, Pekanbaru dan Medan) dan Sulawesi (Makasar dan Manado). (http://id.wikipedia.org/wiki/Multibreeder_Adirama_Indonesia)

161

Sando Sasako

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Table – Available financial reports of MBAI, Dec. 2007 – Marcfh 2012 Financial Report Reporting Date Available QR ✔ 2007-12-31 AR ✔ 2008-12-31 QR ✔ 2008-12-31 QR ✔ 2009-12-31 QR ✔ 2010-12-31 QR ✔ 2011-09-30 QR ✔ 2011-09-30 QR ✔ 2011-12-31 QR ✔ 2012-03-31

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Table 59 – Available financial reports of MBAI, Dec. 2007 – Marcfh 2012

162

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

New Century Development Tbk, PT (PTRA) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

PTRA Mayapada Tower Lt. 19 Jl. Jend. Sudirman Kav. 28 (021) 521-1994 (021) 521-1938

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Financial Land and Real Estate 20 0 (IDR) 294,443,500 1,617,200,000 28th Mar 1994 31st Jan 2018

New Century Development Tbk, PT ID1000099005 Not Traded PTRA Equity 28-Mar-94 IDX Available 500.00 IDR Electronic 03-Sep-04 294,443,000.00 (Total) Property and Real Estate 96.68% 3.32%

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JAK IDR December Ordinary Indonesia

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0 (IDR)

PT New Century Development Tbk is an Indonesia-based property management company. The Company is engaged in real estate development, office building and shopping centers. It derived its revenue from the sales of land, house and apartment; apartment rent and service charge, and golf, club and others. The Company's subsidiaries include PT Putra Sewaya Persada, PT Mercuagang Graha realty, PT Sinarsuya Mandiri, PT Petra Tangerang and PSP International Finance BV. (http://www.google.com/finance?q=JAK:PTRA)

PT New Century Development pada awalnya didirikan dengan nama PT Putra Surya Perkasa berdasarkan Akta akta pendirian No. 23 pada tanggal 15 Mei 1981 dari Notaris Raden Sudibio Djojopranoto S.H., Notaris di Jakarta dan telah disahkan oleh Menteri Kehakiman Republik Indonesia dengan SK No. Y.A.5/259/16 â&#x20AC;&#x201C; 12 April 1982. Anggaran Dasar telah mengalami perubahan akta, maka menunjuk Akta No. 331 tanggal 19 Juni 1996 dari Notaris Adam Kasdarmadji, S.H. mengenai peningkatan Modal Dasar dari Rp1.000.000.000.000,00 (satu triliun rupiah) menjadi Rp3.500.000.000.000,00 (tiga triliun lima ratus milyar rupiah) telah disahkan oleh Menteri Kehakiman Republik Indonesia No. C2-600.H.T.01.01 TH 97 tanggal 27 Januari 1997.

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Table – Available financial reports of PTRA, March 2008 – June 2017 Financial Report Reporting Date Available QR ✔ 2008-03-31 AR ✔ 2008-12-31 QR ✔ 2009-06-30 QR ✔ 2009-09-30 AR ✔ 2009-12-31 QR ✔ 2010-03-31 QR ✔ 2010-06-30 QR ✔ 2010-09-30 AR ✔ 2010-12-31 QR ✔ 2011-06-30 QR ✔ 2011-09-30 AR ✔ 2011-12-31 QR ✔ 2012-03-31 QR ✔ 2012-09-30 AR ✔ 2012-12-31 QR ✔ 2013-03-31 QR ✔ 2013-06-30 QR ✔ 2013-09-30 AR ✔ 2013-12-31 QR ✔ 2013-12-31 QR ✔ 2014-06-30 AR ✔ 2014-12-31 QR ✔ 2014-12-31 QR ✔ 2015-03-31 QR ✔ 2015-06-30 AR ✔ 2015-12-31 QR ✔ 2015-12-31 QR ✔ 2016-03-31 QR ✔ 2016-06-30 AR ✔ 2016-12-31 QR ✔ 2016-12-31 QR ✔ 2017-06-30

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Table 60 – Available financial reports of PTRA, March 2008 – June 2017

Berdasarkan Akta No. 56 tanggal 14 September 2004 yang dibuat oleh Paulus Widodo Sugeng Haryono, S.H. untuk pernyataan keputusan rapat PT Putra Surya Perkasa, Tbk, merubah anggaran dasar dengan meningkatkan modal dasar yang telah disetor menjadi sebesar Rp2.944.433.834.000,00 (dua trilyun sembilan ratus empat puluh empat milyar empat ratus tiga puluh tiga juta delapan ratus tiga puluh empat ribu rupiah).

Menunjuk Pengumuman Bursa Efek Jakarta No. Peng-005/BEJ-PEM/SPT/02-2003 tanggal 6 Februari 2003 telah dilakukan penghentian sementara Perdagangan Efek PT Putra Surya Perkasa, Tbk di semua pasar berkaitan dengan Perseroan belum mendaftarkan efeknya secara elektronik ke dalam penitipan kolektif PT Kustodian Sentral Efek Indonesia (KSEI) dan adanya Penundaan Kewajiban Pembayaran Utang berdasarkan Putusan Pengadilan Niaga No.01/PKPU/2004/PN.NIAGAJKT.PST yang telah diberlakukan sejak tanggal 30 Maret 2004. Berdasarkan Surat dari Bursa Efek Jakarta No.Peng-0003/BEJ.PSJ/01-2005 tanggal 5 Januari 2005, PT Bursa Efek Jakarta mencabut suspensi atas perdagangan efek Perseroan. Maka Efek Perseroan mulai diperdagangkan kembali pada hari Kamis, 06 Januari 2005 pada pra-pembukaan perdagangan (pre-opening) Sesi I pukul 09.10 waktu JATS. 164

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Berdasarkan Akta Notaris No. 13 tanggal 4 Februari 2005 oleh Notaris Paulus Widodo Sugeng Haryono, S.H. telah merubah nama Perseroan menjadi PT New Century Development, Tbk dan telah ditetapkan oleh Departemen Hukum dan Hak Asasi Manusia berdasarkan Surat Persetujuan Nomor C-06478HT.01.04.TH.2005 tanggal 14 Maret 2005.

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Berdasarkan Akta Notaris No. 9 tanggal 3 November 2006 oleh Notaris Paulus Widodo Sugeng Haryono, S.H. tentang perubahan Direksi dan Komisaris Perseroan dan telah didaftarkan ke Departemen Hukum dan Hak Asasi Manusia No. W7-HT.01.10-3580 tanggal 17 November 2006 serta telah didaftarkan pada Pemerintah Kotamadya Jakarta Selatan Suku Dinas Perindustrian dan Perdagangan No. 09.03.1.70.11953 tertanggal 26 Desember 2006 dan berlaku sampai dengan tanggal 12 Juli 2010.

Berdasarkan Akta Notaris No. 191 tanggal 24 Agustus 2007 oleh Notaris Paulus Widodo Sugeng Haryono, S.H. tentang perubahan Direksi dan Komisaris Perseroan dan telah didaftarkan ke Departemen Hukum dan Hak Asasi Manusia serta telah didaftarkan pada Pemerintah Kotamadya Jakarta Selatan Suku Dinas Perindustrian dan Perdagangan.

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Berdasarkan surat dari BEI No. S-06293/BEI-PSJ/12-2008 tertanggal 1 Desember 2008 terkait dengan kondisi Perseroan berdasarkan penelaahan adanya ketidakpastian terhadap kelangsungan usaha Perseroan, Bursa memutuskan untuk menghentikan sementara perdagangan efek PT New Century Development, Tbk terhitung pada hari selasa tanggal 2 Desember 2008 mulai perdagangan sesi I hingga pengumuman lebih lanjut.

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Berdasarkan surat dari BEI No. S-08106/BEI.PPJ/12-2010 tanggal 22 Desember 2010 terkait dengan kondisi Perseroan berdasarkan penelahaan Bursa atas penjelasan Perseroan tersebut Bursa memutuskan untuk melakukan penghapusan pencatatan efek (delisting) PT New Century Development, Tbk efektif sejak tanggal 24 Januari 2011 hingga pengumuman lebih lanjut.

Berdasarkan Akta No. 18 tanggal 6 Juli 2012 yang dibuat oleh Antonius Wahono Parawirodirjo, S.H., dan telah didaftarkan ke Departemen Hukum dan Hak Asasi Manusia No.AHU-AH.01.10.28533 untuk pernyataan keputusan rapat PT New Century Development,Tbk, telah menyetujui Reverse stock 20 lembar saham lama dari Rp5,00 per lembar menjadi Rp100,00 per lembar, dan peningkatan modal ditempatkan dan disetor sebesar Rp11.66000- dalam rangka untuk pembulatan, sehingga jumlah modal ditempatkan dan disetor menjadi Rp29.444.350.000,00.

Perubahan Anggaran Dasar untuk Modal Dasar menjadi sebesar Rp115.000.000.000,00, yang terdiri dari 23.000.000.000 lembar saham dengan nilai nominal Rp5,00 per lembar saham yang terdiri dari 1.150.000.000 lembar saham dengan nilai nominal Rp100,00.

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Panasia Filament Inti Tbk, PT (PAFI) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

PAFI Jl. Garuda 153/ 74 (022) 603 4123 (022) 603 1634

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Miscellaneous Industry (4) Textile, Garment (43) 0 0 (IDR) 1,611,067,000 0 22nd Jul 1997 31st Jan 2018

Panasia Filament Inti Tbk, PT ID1000036502 Not Traded PAFI Equity 22-Jul-97 IDX Available 500 IDR Certificate 22-Jul-97 1,611,070,000.00 (Total) Textile, Garment 5.23% 94.77%

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JAK IDR December Indonesia

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0 (IDR)

PT Panasia Filament Inti Tbk is an Indonesia-based manufacturing company. The Company's principal activities are the production and marketing of fibers, threads and textiles. It is also engaged in general trading industry. The Company markets its products in Indonesia, Europe, other Asian countries, the United States, Middle East, Africa and Australia. (http://www.google.com/finance?q=JAK:PAFI)

166

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of PAFI, Dec. 2001 – Sept. 2012 Financial Report Reporting Date Available QR 9/30/2012 10/15/2013 QR 6/30/2012 10/15/2013 QR 3/31/2012 5/31/2012 AR 12/31/2011 5/2/2012 QR 9/30/2011 10/31/2011 QR 3/31/2011 9/10/2011 QR 6/30/2011 8/8/2011 AR 12/31/2010 4/28/2011 QR 9/30/2010 12/12/2010 AR 12/31/2009 4/7/2010 QR 9/30/2009 11/10/2009 QR 9/30/2009 11/10/2009 QR 3/31/2009 9/11/2009 QR 6/30/2009 6/30/2009 AR 12/31/2008 12/31/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007 AR 12/31/2006 12/31/2006 QR 9/30/2006 9/30/2006 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 QR 6/30/2005 6/30/2005 AR 12/31/2004 12/31/2004 QR 6/30/2004 6/30/2004 AR 12/31/2003 12/31/2003 QR 6/30/2003 6/30/2003 AR 12/31/2002 12/31/2002 AR 12/31/2001 12/31/2001

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Table 61 – Available financial reports of PAFI, Dec. 2001 – Sept. 2012

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Panca Wiratama Sakti Tbk, PT (PWSI) PWSI Mampang Prapatan II Jl. G/82 RT. 004/005 No. 28 Warung Buncit - Jakarta 12790 Ruko Ciputat Indah Permai Blok B 6 Jl. Ir. Haji Juanda No 50 Tangerang 15419 (021) 799-6320 (021) 924-5076 (021) 920-2426 (021) 7918 4001

Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

JAK IDR December Indonesia 0 (IDR) Property, Real Estate, and Building Construction (6) Property and Real Estate (61) 0 0 (IDR) 82,500,000 0 10th Mar 1994 31st Jan 2018

Panca Wiratama Sakti Tbk, PT ID1000082704 Active PWSI Equity 10-Mar-94 IDX Available 500 IDR Electronic 22-Apr-02 82,500,000.00 (Total) Property and Real Estate 39.54% 60.46%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

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Security: Address:

PT Panca Wiratama Sakti Tbk is an Indonesia-based real estate company. The Company is engaged in the development and management of real estate, including office building and apartment. It is also engaged in installation of technical facilities, provision of interior design services and plantation. (http://www.google.com/finance?q=JAK:PWSI)

168

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of PWSI, Dec. 2014 – Sept. 2012 Financial Report Reporting Date Available QR 9/30/2012 10/15/2013 QR 6/30/2012 10/15/2013 QR 3/31/2012 10/15/2013 AR 12/31/2011 5/31/2012 QR 9/30/2011 10/25/2011 QR 6/30/2011 7/28/2011 QR 3/31/2011 5/19/2011 AR 12/31/2010 5/15/2011 QR 9/30/2010 11/9/2010 QR 6/30/2010 8/3/2010 QR 3/31/2010 5/26/2010 QR 3/31/2009 4/9/2010 AR 12/31/2009 4/1/2010 QR 9/30/2009 11/10/2009 QR 9/30/2009 10/29/2009 QR 6/30/2009 6/30/2009 AR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007 QR 6/30/2007 6/30/2007 AR 12/31/2006 12/31/2006 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 QR 6/30/2005 6/30/2005 AR 12/31/2004 12/31/2004

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Table 62 – Available financial reports of PWSI, Dec. 2014 – Sept. 2012

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Permata Prima Sakti Tbk, PT (TKGA) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

TKGA

IDX

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Equity

(IDR)

Retail Trade 0 0 (IDR) 0 0 6th Jan 1992

Permata Prima Sakti Tbk, PT ID1000014509 Not Traded TKGA Equity 06-Jan-92 IDX Available 1,000.00 IDR Certificate 06-Jan-92 1,012,000,000.00 (Total) Coal Mining 84.54% 15.46%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

TKGA Jl. Kwitang No. 6 390-6563310-7820 315-0504390-5248 http://www.tokogunungagung.co.id/ JAK IDR December Ordinary Indonesia

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Retailers Miscellaneous Retailers 2,112 0 () 1,012,000,000 38,743,000 6th Jan 1992 31st Jan 2018

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Toko Gunung Agung Tbk, PT (TKGA)

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0 ()

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PT Toko Gunung Agung Tbk is an Indonesia-based bookstore operator. The Company sells books, stationeries, office equipment and other related products. The Company's subsidiaries, which are engaged in the foreign exchange business, the selling of books and the printing business, include PT Ayu Masagung, PT Timpani Agung and PT Perdana Makmur Agung, respectively. The Company operates 31 bookstores throughout Indonesia. (http://www.google.com/finance?q=JAK:TKGA)

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Table – Available financial reports of TKGA, Dec. 2004 – Sept. 2014 Financial Report Reporting Date Available QR 9/30/2014 10/31/2014 QR 6/30/2014 7/25/2014 QR 3/31/2014 7/23/2014 QR 12/31/2013 6/7/2014 AR 12/31/2013 5/30/2014 QR 3/31/2014 4/30/2014 QR 9/30/2013 11/18/2013 QR 3/31/2013 10/16/2013 QR 3/31/2012 10/16/2013 QR 6/30/2013 9/3/2013 AR 12/31/2012 3/13/2013 QR 9/30/2012 11/8/2012 QR 6/30/2012 7/27/2012 AR 12/31/2011 5/2/2012 QR 3/31/2012 5/1/2012 QR 9/30/2011 1/3/2012 QR 6/30/2011 8/2/2011 QR 3/31/2011 4/30/2011 AR 12/31/2010 3/31/2011 QR 9/30/2010 11/9/2010 AR 12/31/2009 10/26/2010 QR 3/31/2010 10/15/2010 QR 6/30/2010 8/2/2010 QR 6/30/2009 4/9/2010 QR 3/31/2009 4/9/2010 QR 9/30/2009 11/10/2009 QR 9/30/2009 11/10/2009 AR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007 QR 6/30/2007 6/30/2007 AR 12/31/2006 12/31/2006 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 QR 6/30/2005 6/30/2005 AR 12/31/2004 12/31/2004

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Table 63 – Available financial reports of TKGA, Dec. 2004 – Sept. 2014

172

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Ryane Adibusana Tbk, PT (RYAN) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

RYAN Ruko Cempaka Mas Blok G No. 11,12,14 Jl. Let.Jend. Soeprapto (021) 4288-6647 (021) 4288-6648 (021) 4288-6646

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Equity

0 (IDR)

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Ryane Adibusana Tbk, PT ID1000075104 Not Traded RYAN Equity 17-Oct-01 Available 100.00 IDR Electronic 17-Oct-01 550,060,000.00 (Total) Textile, Garment 92.02% 7.98%

Textile, Garment 0 0 (IDR) 550,060,000 0 17th Oct 2001 6th Feb 2018

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

173

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Table – Available financial reports of RYAN, June 2001 – Sept. 2005 Financial Report Reporting Date Available QRm 2001-06-30 ✔ QRm 2001-09-30 ✔ QRm 2001-12-30 ✔ QR 2001-12-31 ✔ QRm 2002-03-30 ✔ QRm 2002-06-30 ✔ QRm 2002-09-30 ✔ QRm 2002-12-30 ✔ QR 2002-12-31 ✔ QRm 2003-03-30 ✔ QRm 2003-06-30 ✔ QR 2003-09-30 ✔ QR 2003-12-30 ✔ QR 2003-12-31 ✔ QR 2004-03-30 ✔ QR 2004-06-30 ✔ QR 2004-09-30 ✔ QR 2004-12-30 ✔ QR 2004-12-31 ✔ QR 2005-03-30 ✔ QR 2005-06-30 ✔ QR 2005-09-30 ✔

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Table 64 – Available financial reports of RYAN, June 2001 – Sept. 2005

174

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Sara Lee Body Care Indonesia Tbk, PT (PROD) Established by the name of PT Prodenta Surabaja on 11 August 1962 in Surabaya, its existence was legalised on 24 October 1963. In August 1984, the company changed its name to Prodenta Indonesia. In 1985, its plant and head office was moved to Ciracas in Jakarta. In April 1994, Prodenta Indonesia was delisted from the JSX.

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Listed on the Surabaya Stock Exchange on 4 December 1984, the shareholder was split between Sara Lee/Douwe Egbert NV (1,340,217 shares, 89.35%) and the public (159,783 shares, 10.65%). SL/DE of Joure, Netherlands, was a wholy owned subsidiary of Sara Lee Corp of USA. As much as 79,272 bonus shares were issued on 19 January 1990. On 2 December 2005, the ownership of 140,489 shares were transferred.

On 24 November 1994, the name was changed to Sara Lee Body Care Indonesia. Sara Lee was known to manufacture and distribute personal care products such as Zwitsal (baby care), Sanex, Purol, Amami (skin care), She (personal care), Brylcreem (hair care/grooming), Prodent (toothpaste). Other international brands include Ambi Pur, Ball Park, Douwe Egberts, Hillshire Farm, Jimmy Dean, Kiwi, Senseo.

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On 19 May 2010, Unilever Indonesia Holding BV notified KPPU to acquire SLDE’s stakes in PROD. On 9 February 2011, the offered price to acquire PROD was IDR 372,950 per share. It was offered up to 11 March 2011. The close price of PROD share was IDR 2,250 per share. The respective sales revenues and asset values of PROD were IDR 216.5b and 220.7b in 2007; 238.7b and 261.9b in 2008; 223.9b and 262.0b in 2009. Table 65 – Available financial reports of PROD, Dec. 2008

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Table – Available financial reports of PROD, Dec. 2008 Financial Report Reporting Date Available AR 2008-12-31

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Sekar Bumi Tbk, PT (SKBM) SKBM Plaza ABDA Lt. 2 Jl. Jend Sudirman Kav. 59 Jakarta 12190 Head Office : Jl. Raya Darmo No. 23-25 Surabaya 60265 Telp. (031) 5671-371 Fax. (031) 5672-318 (021) 5140-1122 (021) 5140-1212 http://www.sekar.co.id/skb/skbhome.htm IDX

Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

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Security: Address:

Equity

Sekar Bumi Tbk, PT ID1000039902 Not Traded SKBM Equity 30 November -0001 IDX Available 500 IDR Certificate 29-Sep-97 1,726,000,000.00 (Total) Food & Beverages 61.37% 38.63%

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Food & Beverages 0 1,165,052,171,475 (IDR) 1,726,003,217 0 30th Nov -0001 31st Jan 2018

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

675 (IDR)

PT Sekar Bumi was established on April 12th, 1973 in Sidoarjo, East Java, and on January 5th, 1993 its shares were registered and publicly traded in the exchanges. PT Sekar Bumi's core business is in the field or food processing such as shrimp, frog legs, fish, cashews, and many other. The company's main factory is located in Sidoarjo with an annual production capacity of 5000 tons marine products. In addition, other factories in Jakarta, Surabaya, Bali and Banjarmasin together contribute 2,500 tons every year.

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Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of SKBM, June 2008 – Sept. 2017 Financial Report Reporting Date Available QR 9/30/2017 10/31/2017 QR 6/30/2017 8/1/2017 AR 12/31/2016 4/17/2017 QR 12/31/2016 4/13/2017 QR 12/31/2016 4/11/2017 QR 9/30/2016 11/12/2016 QR 6/30/2016 9/21/2016 AR 12/31/2015 8/29/2016 QR 3/31/2016 6/6/2016 AR 12/31/2015 4/27/2016 QR 9/30/2015 10/30/2015 QR 6/30/2015 8/6/2015 QR 3/31/2015 5/1/2015 AR 12/31/2014 4/29/2015 QR 9/30/2014 10/31/2014 QR 6/30/2014 8/3/2014 QR 12/31/2013 6/7/2014 QR 3/31/2014 5/2/2014 AR 12/31/2013 5/2/2014 QR 9/30/2013 11/1/2013 QR 6/30/2013 10/15/2013 QR 3/31/2013 10/7/2013 QR 9/30/2012 10/6/2013 AR 12/31/2012 8/6/2013 QR 6/30/2012 10/2/2012 QR 3/31/2009 4/9/2010 QR 9/30/2009 3/11/2010 QR 6/30/2009 6/30/2009 AR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008

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Table 66 – Available financial reports of SKBM, June 2008 – Sept. 2017

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Singer Indonesia Tbk, PT (SING) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

SING Suite 8B Sudirman Tower Jend. Sudirman Road Lot 60 62 21 522 6488 62 21 522 6517 IDX

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Equity

Wholesale (Durable & Non Durable Goods) 0 0 (IDR) 1,579,717,070 0 30th Nov -0001 7th Feb 2018

Singleterra Tbk, PT ID1000002405 Not Traded SING Equity 30 November -0001 IDX Available 1,000.00 IDR Certificate 16-Jun-89 7,971,710.00 (Total) Wholesale (Durable & Non Durable Goods) 0.00% 0.00%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

0 (IDR)

PT Singleterra Tbk intends to engage in broadband telecommunication bandwidth sales. The company was formerly known as PT Singer Indonesia Tbk and changed its name in March, 2009. PT Singleterra Tbk was founded in 1973 and is based in Jakarta, Indonesia.

Table – Available financial reports of SING, Sept. 2008 – Sept. 2008 Financial Report Reporting Date Available QR 2008-09-30 ✔ AR 2008-12-30 ✔ QR 2009-03-30 ✔ QR 2009-06-30 ✔ QR 2009-09-30 ✔

178

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

SOBI Wisma AKR Lt. 7-8 Kebun Jeruk Jl. Panjang No. 5 531-1110531-1555 531-1128 http://www.sorini.co.id/ JAK IDR December Ordinary Indonesia

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Chemicals Miscellaneous Chemicals 732 0 (IDR) 925,211,250 792,787,008 3rd Aug 1992 31st Jan 2018

Sorini Agro Asia Corporindo Tbk, PT ID1000015209 Not Traded SOBI Equity 03-Aug-92 IDX Available 500 IDR Certificate 19-Aug-96 925,211,000.00 (Total) Chemicals 99.95% 0.05%

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0 (IDR)

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Sorini Agro Asia Corporindo Tbk, PT (SOBI)

PT Sorini Corporation Tbk was established in 1983 in Surabaya and in 1992 was publicly listed on the Indonesia Stock Exchange. The Company produces and supplies starch and starch derivatives products such as sorbitol, dextrose monohydrate, glucose syrup and maltodextrin to various consumer goods industries.

In 1985 the Company commenced building its plant in Kecamatan Gempol Pasuruan in East Java and started its commercial operation in 1987. Over the years, The Company had added and increased the production capacity of Sorbitol and diversified into production of other starch derivatives products. This has led Sorini to be the biggest sorbitol and starch derivatives producer in Asia Pacific. To serve strategic Japanese market, in 1994 the Company took a strategic step by establishing PT. Sorini Towa Berlian Corporation (STBC) located in East Java, a joint venture with Towa Chemical Industry Co. Ltd. Japan and Mitsubishi Corporation Japan to produce sorbitol liquid and powder. Through this venture, Sorini became the first Company to produce Sorbitol Powder in Indonesia.

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Sando Sasako

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Table – Available financial reports of SOBI, Dec. 1999 – Nov. 2016 Financial Report Reporting Date Available QR 11/30/2016 12/30/2016 QR 8/31/2016 9/30/2016 AR 5/31/2016 9/30/2016 QR 5/31/2016 9/1/2016 QR 11/30/2015 12/30/2015 QR 8/31/2015 9/30/2015 AR 5/31/2015 9/30/2015 QR 2/28/2015 4/1/2015 QR 11/30/2014 12/30/2014 AR 5/31/2013 11/8/2014 AR 5/31/2012 11/8/2014 QR 8/31/2014 10/1/2014 AR 5/31/2014 9/30/2014 QR 2/28/2014 5/2/2014 QR 11/30/2013 12/27/2013 QR 11/30/2013 12/27/2013 QR 8/31/2013 10/15/2013 Financial Result 5/31/2013 8/27/2013 Financial Result 5/31/2013 8/27/2013 QR 2/28/2013 3/26/2013 QR 11/30/2012 12/21/2012 QR 8/31/2012 9/27/2012 QR 8/31/2011 2/9/2012 QR 11/30/2011 12/29/2011 AR 5/31/2011 8/23/2011 QR 3/31/2011 5/13/2011 AR 12/31/2010 4/13/2011 QR 9/30/2010 12/6/2010 QR 6/30/2010 12/6/2010 QR 3/31/2010 10/14/2010 AR 12/31/2009 4/26/2010 QR 9/30/2009 12/7/2009 QR 6/30/2009 9/9/2009 QR 3/31/2009 4/14/2009 AR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 AR 12/31/2007 12/31/2007 QR 6/30/2007 6/30/2007 AR 12/31/2006 12/31/2006 QR 9/30/2006 9/30/2006 QR 6/30/2006 6/30/2006 AR 12/31/2005 12/31/2005 QR 6/30/2005 6/30/2005 AR 12/31/2004 12/31/2004 QR 9/30/2004 9/30/2004 QR 6/30/2004 6/30/2004 AR 12/31/2003 12/31/2003 AR 12/31/2003 12/31/2003 QR 9/30/2003 9/30/2003 QR 6/30/2003 6/30/2003 AR 12/31/2002 12/31/2002 QR 6/30/2002 6/30/2002 AR 12/31/2001 12/31/2001 AR 1/1/2000 1/1/2000

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Table 67 – Available financial reports of SOBI, Dec. 1999 – Nov. 2016

To improve its competitiveness, in 1993 the Company established PT Saritanam Pratama located in Ponorogo, East Java, to produce tapioca starch, the raw material for both Sorini and STBC with capacity of 100 tons per day of starch. This capacity was doubled in 1998. The Company products 180

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

are used in the manufacturing of Polyol & sweeteners, paper, MSG, food, and other industrial products.

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Our long term strategy and recent focus has been on growth in Agro-based business and therefore in 2007 we renamed ourselves from PT Sorini Corporation Tbk to PT Sorini Agro Asia Corporindo Tbk. This shows our intention to position our company as Agri- Resources Company with manufacturing integration. Green colour in our identity shows the emphasis on environment friendly operations. (http://www.sorini.co.id/)

181

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Super Mitory Utama Tbk, PT (SUMI) (2000-10-09; 2006-12-26, no.FR) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

SUMI Sentra Mulia Suite 1001 Lt. 10 Jl. HR. Rasuna Said Kav. X-6 No. 8 (031) 891-2601 (031) 891-2211 IDX

0 (IDR)

Available 1,000.00 IDR Electronic 08-Jul-02 336,000,000.00 (Total) Footwear 70.17% 29.83%

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Super Mitory Utama Tbk, PT ID1000090806 Not Traded SUMI Equity 30 November -0001

Footwear 0 0 (IDR) 336,000,000 0 30th Nov -0001 6th Feb 2018

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182

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Bankrupted & Delisted Companies in Indonesia, Feb. 2018 Table 68 – The ISIN of stocks issued by SUMI

: 0 (Total)

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FOOTWEAR 336,000,000 (Total) 0.00% Scripless = 0.000 0.00% 0.00%

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IDR Electronic 08 Juli 2002

Right Super Mitory Utama Tbk ID3000003904 SUMI-R HMETD 26 Juni 1998 IDX Not Active 0 00-Jan-00 01 Agustus 1998 1,000 IDR Electronic 26 Juni 1998 -

Super Mitory Utama Tbk ID1000090806 SUMI Saham Biasa Not Active 1,000.00 336,000,000.00

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Table – The ISIN of stocks issued by SUMI Security name Super Mitory Utama Tbk ISIN Code ID1000017908 Short Code SUMI Type Saham Biasa Listing Date Stock Exchange IDX Status Not Active Nominal 1,000.00 Current Amount 336,000,000.00 Expire Date Exercise Price Currency IDR Form Certificate Effective Date ISIN 20 Desember 1993 Exercise Date Day Count Basis Activity Sector FOOTWEAR Number of Securities 336,000,000 (Total) As of 0.00% Scripless = 0.000 Local Percentage 0.00% Foreign Percentage 0.00%

183

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Surabaya Agung Industry Pulp Tbk, PT (SAIP) SAIP Kedungdoro 60, 8th Floor (031) 548-2003 (031) 548-2039 (031) 548-2040 http://www.suryakertas.com/ JAK IDR December Ordinary Indonesia

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Paper Printing & Writing Paper 1,217 0 (IDR) 5,509,574,061 3,063,960,064 30th Nov -0001 31st Jan 2018

Surabaya Agung Industri Pulp dan Kertas Tbk, PT ID1000083504 Not Traded SAIP Equity 30 November -0001 IDX Available 1,000.00 IDR Electronic 03-May-02 5,509,570,000.00 (Total) Pulp & Paper 8.66% 91.34%

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Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

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0 (IDR)

PT Surabaya Agung Industri Pulp & Kertas, also known in the region as Surya Kertas, is one of the oldest paper mill in Indonesia established in 1973. It is located in the city of Surabaya, the second largest city in Indonesia situated in the east coast of Java Island.

184

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of SAIP, Dec. 1999 – March 2013 Financial Report Reporting Date Available QR 3/31/2013 10/15/2013 AR 12/31/2012 8/6/2013 QR 9/30/2012 10/24/2012 QR 6/30/2012 7/24/2012 QR 3/31/2012 5/2/2012 AR 12/31/2011 5/2/2012 QR 9/30/2011 11/11/2011 AR 12/31/2010 10/15/2011 QR 6/30/2011 8/24/2011 QR 3/31/2011 8/8/2011 AR 12/31/2010 4/13/2011 QR 6/30/2010 12/7/2010 QR 9/30/2010 11/9/2010 AR 12/31/2009 11/2/2010 QR 3/31/2010 10/15/2010 QR 3/31/2009 4/9/2010 QR 9/30/2009 3/12/2010 QR 6/30/2009 6/30/2009 AR 12/31/2008 12/31/2008 QR 9/30/2008 9/30/2008 QR 6/30/2008 6/30/2008 AR 12/31/2007 12/31/2007 QR 6/30/2007 6/30/2007 AR 12/31/2006 12/31/2006 QR 9/30/2006 9/30/2006 QR 6/30/2006 6/30/2006 QR 6/30/2005 6/30/2005 AR 12/31/2004 12/31/2004 AR 12/31/2002 12/31/2002 QR 6/30/2002 6/30/2002 AR 12/31/2001 12/31/2001 AR 1/1/2000 1/1/2000

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Table 69 – Available financial reports of SAIP, Dec. 1999 – March 2013

185

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Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

SIIP Wisma Permata Jl. Panglima Sudirman 55 (031) 548-1666 (031) 548-1555 http://www.suryainti.com/ JAK IDR December Ordinary Indonesia

Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Construction Engineering & Contracting Services 50 0 (IDR) 4,206,964,252 3,016,560,128 8th Jan 1998 31st Jan 2018

Suryainti Permata Tbk, PT ID1000110109 Active SIIP Equity 08-Jan-98 IDX Available 125 IDR Electronic 12-Mar-08 4,206,960,000.00 (Total) Property and Real Estate 88.13% 11.87%

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Suryainti Permata Tbk, PT (SIIP)

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0 (IDR)

The Company was established as PT Surya Indah Permata and its business lines are Hotels and Condominium. The beginning capital amounted to Rp 14,000,000,000 with assets of 30 hectares plots of land at Jl Raya Juanda, Sidoarjo.

In 1991 the name of the Company was changed to PT Suryainti Permata. As a developing enterprise, in 1997 the Company has increased its capital structure to Rp 250,000,000,000. PT Permata Sumber Investindo as a major shareholder owns 79% the Company's share. In the same year, in relation to strengthen the Capital structure, the Company's management has increased its capital through initial public offering in the capital market. The Company issued 100,000,000 shares, with the nominal amount of Rp 50,000,000,000. Since the public offering, all of Company's shares listed and traded in Jakarta Stock Exchange. PT Permata Sumber Investindo as a major shareholder owns 83% of the Company's share. (http://www.suryainti.com/)

186

Bankrupted & Delisted Companies in Indonesia, Feb. 2018 Table 70 – Available financial reports of SIIP, March 2010 – Dec. 2016

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Table – Available financial reports of SIIP, March 2010 – Dec. 2016 Financial Report Reporting Date Available ✔ QR 2010-03-31 ✔ QR 2010-06-30 ✔ QR 2010-09-30 ✔ QR 2010-12-31 ✔ QR 2011-03-31 ✔ QR 2011-06-30 ✔ QR 2011-09-30 ✔ AR 2016-12-31

187

Sando Sasako

Texmaco Jaya Tbk, PT (TEJA) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

TEJA Sentra Mulia Suite 1001, Lt. 10 Jl. HR. Rasuna Said Kav. X-6, No. 8 522-9390 Directors/Finance/HRD252-2414 (Purchasing 522-9411 http://www.texmaco.com IDX

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Equity

0 (IDR)

Textile, Garment 0 0 (IDR) 360,000,000 0 10th Mar 1994 6th Feb 2018

Texmaco Jaya Tbk, PT ID1000044704 Not Traded TEJA Equity 10-Mar-94 IDX Available 500.00 IDR Certificate 21-Apr-98 360,000,000.00 (Total) Textile, Garment 96.35% 3.65%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

PT. Texmaco Jaya Tbk (IDX: TEJA) merupakan perusahaan multinasional yang memproduksi tekstil yang bermarkas di Jakarta, Indonesia. Perusahaan ini didirikan pada tahun 1966. Perusahaan ini menghasilkan berbagai macam-macam bahan pakaian. (http://id.wikipedia.org/wiki/Texmaco_Jaya)

188

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

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Table – Available financial reports of TEJA, Dec. 1991 – June 2008 Financial Report Reporting Date Available QR 1991-12-31 ✔ QR 1993-12-31 ✔ IPO 1994-02-03 ✔ QRm 1994-03-31 ✔ QRm 1994-06-30 ✔ QRm 1994-09-30 ✔ QR 1994-12-31 ✔ QRm 1994-12-31 ✔ QRm 1995-03-31 ✔ QRm 1995-06-30 ✔ QRm 1995-09-30 ✔ AR 1995-12-31 ✔ QRm 1995-12-31 ✔ QRm 1996-03-31 ✔ QRm 1996-06-30 ✔ QRm 1996-09-30 ✔ QR 1996-12-31 ✔ QRm 1996-12-31 ✔ QRm 1997-03-31 ✔ QRm 1997-06-30 ✔ QRm 1997-09-30 ✔ QR 1997-12-31 ✔ QRm 1997-12-31 ✔ QRm 1998-03-31 ✔ QRm 1998-09-30 ✔ QR 1998-12-31 ✔ QRm 1998-12-31 ✔ QRm 1999-03-31 ✔ QRm 1999-06-30 ✔ QRm 1999-09-30 ✔ QR 1999-12-31 ✔ QRm 1999-12-31 ✔ QRm 2000-06-30 ✔ QRm 2000-09-30 ✔ QRm 2000-12-30 ✔ QR 2000-12-31 ✔ QRm 2001-03-30 ✔ QRm 2001-06-30 ✔ QRm 2001-09-30 ✔ QRm 2001-12-30 ✔ QR 2001-12-31 ✔ QRm 2002-03-30 ✔ QRm 2002-06-30 ✔ QRm 2002-09-30 ✔ QRm 2002-12-30 ✔ QR 2002-12-31 ✔ QRm 2003-03-30 ✔ QRm 2003-06-30 ✔ QR 2003-09-30 ✔ QR 2003-12-30 ✔ QR 2003-12-31 ✔

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Table 71 – Available financial reports of TEJA, Dec. 1991 – June 2008

189

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Table – Available financial reports of TEJA, Dec. 1991 – June 2008 Financial Report Reporting Date Available QR 2004-03-30 ✔ QR 2004-06-30 ✔ QR 2004-09-30 ✔ QR 2004-12-30 ✔ QR 2004-12-31 ✔ QR 2005-03-30 ✔ QR 2005-06-30 ✔ QR 2005-09-30 ✔ QR 2005-12-30 ✔ QR 2005-12-31 ✔ QR 2006-03-30 ✔ QR 2006-06-30 ✔ QR 2006-09-30 ✔ QR 2006-12-30 ✔ QR 2006-12-31 ✔ QR 2007-03-30 ✔ QR 2007-06-30 ✔ QR 2007-09-30 ✔ QR 2007-12-30 ✔ QR 2007-12-31 ✔ QR 2008-03-30 ✔ QR 2008-06-30 ✔

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Sando Sasako

190

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Texmaco Perkasa Engineering Tbk, PT (TPEN) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

TPEN Sentra Mulia Suite 1008, 10th Floor Jl. H.R. Rasuna Said Kav. X-6 No.8 252-0656 522-5738 http://N/A IDX

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Equity

0 (IDR)

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Texmaco Perkasa Engineering Tbk, PT ID1000090608 Not Traded TPEN Equity 11-Mar-93 Available 500.00 IDR Electronic 08-Jul-02 2,046,240,000.00 (Total) Machinery and Heavy Equipment 67.45% 32.55%

Machinery and Heavy Equipment 0 0 (IDR) 2,046,240,000 0 11th Mar 1993 6th Feb 2018

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

191

Sando Sasako

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Table – Available financial reports of TPEN, Dec. 1992 – Sept. 2003 Financial Report Reporting Date Available IPO 1992-12-21 ✔ QR 1992-12-31 ✔ QRm 1993-03-31 ✔ QRm 1993-09-30 ✔ RI.1 1993-11-30 ✔ QR 1993-12-31 ✔ QRm 1993-12-31 ✔ QRm 1994-03-31 ✔ QRm 1994-06-30 ✔ QRm 1994-09-30 ✔ QR 1994-12-31 ✔ QRm 1994-12-31 ✔ QRm 1995-06-30 ✔ QRm 1995-09-30 ✔ QR 1995-12-31 ✔ QRm 1995-12-31 ✔ QRm 1996-06-30 ✔ QRm 1996-09-30 ✔ AR 1996-12-31 ✔ QRm 1996-12-31 ✔ QRm 1997-03-31 ✔ QRm 1997-06-30 ✔ QRm 1997-09-30 ✔ RI.2 1997-11-18 ✔ QR 1997-12-31 ✔ QRm 1997-12-31 ✔ QRm 1998-03-31 ✔ QRm 1998-06-30 ✔ QRm 1998-09-30 ✔ QRm 1998-12-30 ✔ QR 1998-12-31 ✔ QRm 1999-03-30 ✔ QRm 1999-06-30 ✔ QRm 1999-12-30 ✔ QR 1999-12-31 ✔ QRm 2000-06-30 ✔ QRm 2000-09-30 ✔ QRm 2000-12-30 ✔ QR 2000-12-31 ✔ QRm 2001-03-30 ✔ QRm 2001-06-30 ✔ QRm 2001-09-30 ✔ QRm 2001-12-30 ✔ QR 2001-12-31 ✔ QRm 2002-03-30 ✔ QRm 2002-06-30 ✔ QRm 2002-09-30 ✔ QRm 2002-12-30 ✔ QRm 2003-03-30 ✔ QRm 2003-06-30 ✔ QRm 2003-09-30 ✔

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Table 72 – Available financial reports of TPEN, Dec. 1992 – Sept. 2003

192

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Tunas Alfin Tbk, PT (TALF) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

TALFA Menara Imperium Lt. 28, Metropolitan Kuningan Superblok Jl. HR. Rasuna Said Kav. 1 831-7322 831-7683 http://www.tunasalfin.com/ IDX

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Equity

0 (IDR)

Plastics & Packaging 0 0 (IDR) 1,350,000,000 0 5th Dec 2013 31st Jan 2018

Tunas Alfin Tbk, PT ID1000066509 Not Traded TALFA Equity 30 November -0001 IDX Available 100 IDR Electronic 12-Feb-01 1,350,000,000.00 (Total) Plastics & Packaging 100.00% 0.00%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

Built on a philosophy that was established in 1977, PT Tunas Alfin Tbk, a company which was publicly listed in 2001, remains committed today to the manufacture of products of uncompromising quality, the delivery of total customer satisfaction, and continuous innovation.

Over the last 25 years, our commitment on service, product quality, and the need to constantly reinvent ourselves, has earned us the privilege to become the business partners of leaders in the cigarette, consumer food, and health and hygiene products manufacturing industries. As an ISO 9002 certified company, we are committed to deliver the professional service and product quality that all our customers and business partners deserve. As the largest independent packaging products manufacturer in Indonesia, PT Tunas Alfin Tbk remains unrivalled in terms of experience, technology, and capability. With one of the largest production capacities, and some of the most advanced equipment and technologies in the region, the Company has also grown into one of the leading integrated fine and Fast Moving Consumer Goods (FMCG) packaging companies in Asia.

193

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Table – Available financial reports of TALF, Dec. 2007 – Sept. 2017 Financial Report Reporting Date Available QR 9/30/2017 10/30/2017 QR 6/30/2017 7/28/2017 AR 12/31/2016 5/10/2017 QR 3/31/2017 5/2/2017 QR 12/31/2016 4/11/2017 QR 9/30/2016 10/28/2016 QR 6/30/2016 7/29/2016 QR 3/31/2016 4/29/2016 AR 12/31/2015 4/27/2016 QR 9/30/2015 10/29/2015 QR 6/30/2015 8/4/2015 QR 3/31/2015 5/12/2015 AR 12/31/2014 4/28/2015 QR 12/31/2014 3/30/2015 QR 9/30/2014 10/31/2014 QR 6/30/2014 8/6/2014 QR 12/31/2013 6/6/2014 QR 3/31/2014 4/30/2014 AR 12/31/2013 4/29/2014 QR 9/30/2009 4/9/2010 QR 6/30/2009 11/17/2009 QR 3/31/2009 11/12/2009 AR 12/31/2008 11/12/2009 QR 9/30/2008 11/12/2009 QR 6/30/2008 11/12/2009 QR 3/31/2008 11/12/2009 AR 12/31/2007 11/12/2009

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Table 73 – Available financial reports of TALF, Dec. 2007 – Sept. 2017

Size always has its advantage. In addition to having the capacity and technology to meet the production quality and schedule demands of its domestic and international customers, PT Tunas Alfin Tbk is also one of the major purchasers in Asia of raw materials used in the packaging industry. Highgrade materials such as paper, board, and aluminum foil are expensive and sourced domestically and overseas. As a substantial buyer of these production materials, the Company is able to command lower prices, resulting in competitively priced end products and significant savings to our customers.

Our experience, our commitment to product quality and customer satisfaction, and, our capability and technology, are contributing factors to our successes thus far, and benefits our customers. (http://www.tunasalfin.com/)

194

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Unitex Tbk, PT (UNTX) UNTX Jl. Raya Tanjur No. 1, Sidangrasa,Bogor Timur (0251) 311309, 391260 (0251) 311742 , 391259 http://www.unitex.co.id/

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Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

Unitex Tbk, PT ID1000085301 Active UNTX Equity 30 November -0001 IDX Available 1,000.00 IDR Electronic 24-May-02 8,068,500.00 (Total) Textile, Garment 0.00% 0.00%

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0 0 (IDR) 8,068,500 0 30th Nov -0001 31st Jan 2018

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

0 (IDR)

PT Unitex didirikan dalam rangka Undang-Undang penanaman modal asing No. 1/1967 berdasarkan akta notaris Eliza Pondaag SH, No. 25 Tanggal 14 Mei 1971. Akta pendirian ini telah disahkan oleh Menteri Kehakiman dengan Surat Keputusan No. JA.5/128/14 Tanggal 30 Juli 1971.

PT Unitex mulai berproduksi secara komersil satu tahun setelah mengalami beberapa kali perubahan, terakhir dengan akta notaris Sulaimansyah SH, No. 50 Tanggal 15 April 1997 mengenai perubahan anggaran dasar dan penambahan modal dasar, yang telah mendapat persetujuan dari Menteri Kehakiman dengan Surat Keputusan No. C2-6203.HT.01.Th 1997 Tanggal 14 Juli 1997. PT Unitex menjadi perusahaan Go Public tanggal 12 Mei 1982 dan merupakan perusahaan ke-11 yang memasuki Bursa Efek Indonesia. Pada tanggal 26 Maret 1997 Perseroan telah mencatatkan sahamnya di Bursa Efek Surabaya (BES) sebanyak 1.584.360 atau 43,20 % dari seluruh modal ditempatkan dan disetor penuh. Untuk mencapai produksi tekstil yang berkualitas, PT Unitex tidak melupakan tanggung jawabnya terhadap kelstarian lingkungan. Untuk itu pada tahun 1988, PT Unitex membangun instalasi air limbah (IPAL) di atas tanah seluas 4000 m2. Biaya yang dikeluarkan untuk pembuatan IPAL serta penyempurnaannya hingga tahun 1995 adalah sebesar 4 miliar. 195

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Table – Available financial reports of UNTX, March 2010 – Sept. 2015 Financial Report Reporting Date Available QR 9/30/2015 10/30/2015 QR 6/30/2015 8/4/2015 QR 3/31/2015 5/3/2015 AR 12/31/2014 5/1/2015 QR 9/30/2014 10/31/2014 QR 6/30/2014 8/4/2014 QR 12/31/2013 6/7/2014 QR 3/31/2014 5/2/2014 AR 12/31/2013 5/2/2014 QR 9/30/2013 11/1/2013 QR 6/30/2013 10/16/2013 QR 6/30/2013 10/16/2013 QR 3/31/2013 10/16/2013 QR 3/31/2013 10/16/2013 QR 9/30/2012 10/16/2013 QR 9/30/2012 10/16/2013 QR 6/30/2012 10/16/2013 QR 6/30/2012 10/16/2013 QR 3/31/2012 10/6/2013 AR 12/31/2012 8/6/2013 QR 3/31/2012 5/2/2012 AR 12/31/2011 3/31/2012 QR 9/30/2011 10/31/2011 QR 6/30/2011 8/24/2011 QR 3/31/2011 5/5/2011 AR 12/31/2010 4/13/2011 QR 9/30/2010 11/24/2010 AR 12/31/2009 11/24/2010 QR 6/30/2010 11/18/2010 QR 3/31/2009 10/18/2010 QR 3/31/2010 10/14/2010

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Table 74 – Available financial reports of UNTX, March 2010 – Sept. 2015

Dalam perkembangan selanjutnya IPAL terus mengalami perbaikan dan penambahan instalasi sejalan dengan peningkatan produksi. Kapasitas IPAL PT Unitex saat ini mampu mengelola limbah cair sebesar 5000 m3 per hari (maksimum). IPAL PT Unitex telah memberikan hasil yang memuaskan dalam mengelola limbah cair dari hasil produksinya.

Hal ini ditunjukan dengan berhasilnya PT Unitex mendapat penghargaan Program Kali Bersih (Prokasih) No. 1 di Indonesia pada tahun 1991 dimana pialanya diserahkan langsung oleh Bapak Presiden Soeharto di Istana Negara. Disamping itu PT Unitex juga telah mendapatkan penghargaan Sahwali Award untuk tingkat Asia Pasifik sebagai pengharagaan terhadap pengusaha yang berwawasan lingkungan. Pada saat ini PT Unitex telah mendapatkan Peringkat Hijau pada penilaian Proper Prokasih yang dilakukan oleh Bapedal. (http://www.unitex.co.id/)

196

Bankrupted & Delisted Companies in Indonesia, Feb. 2018

Wahana Jaya Perkasa Tbk, PT (UGAR) Security: Address: Phone: Fax: Website: Exchanges: Currency: Fiscal Yr Ends: Share Type: Country Established Closing Price:

UGAR Sentra Mulia Suite 1001 Lt. 10 Jl. HR. Rasuna Said Kav. X-6 No. 8 (021) 252-0656 (021) 522-5738 (021) 522-9529 IDX

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Equity

0 (IDR)

Plastics & Packaging 0 0 (IDR) 967,680,000 0 23rd Jun 1994 6th Feb 2018

Wahana Jaya Perkasa Tbk, PT ID1000043508 Not Traded UGAR Equity 23-Jun-94 IDX Available 500.00 IDR Certificate 12-Feb-98 967,680,000.00 (Total) Plastics & Packaging 64.50% 35.50%

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Major Industry: Sub Industry: Employees: Market Cap: Share Outstanding: Closely Held Shares: Listing: Data As Of:

197

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Table – Available financial reports of UGAR, April 1994 – June 2003 Financial Report Reporting Date Available IPO 1994-04-08 ✔ QRm 1994-06-30 ✔ QRm 1994-09-30 ✔ QRm 1994-12-30 ✔ QR 1994-12-31 ✔ QRm 1995-03-30 ✔ QRm 1995-06-30 ✔ QRm 1995-12-30 ✔ AR 1995-12-31 ✔ QRm 1996-03-30 ✔ QRm 1996-06-30 ✔ QRm 1996-09-30 ✔ QRm 1996-12-30 ✔ QR 1996-12-31 ✔ QRm 1997-03-30 ✔ QRm 1997-06-30 ✔ QRm 1997-09-30 ✔ QRm 1997-12-30 ✔ QR 1997-12-31 ✔ QRm 1998-03-30 ✔ RI.1 1998-04-27 ✔ QRm 1998-06-30 ✔ QRm 1998-09-30 ✔ QRm 1998-12-30 ✔ QRm 1998-12-31 ✔ QRm 1999-03-30 ✔ QRm 1999-12-30 ✔ QR 1999-12-31 ✔ QRm 2000-03-31 ✔ QRm 2000-06-30 ✔ QRm 2000-09-30 ✔ QRm 2000-12-31 ✔ QR 2000-12-31 ✔ QRm 2001-03-31 ✔ QRm 2001-06-30 ✔ QRm 2001-09-30 ✔ QRm 2001-12-31 ✔ QR 2001-12-31 ✔ QRm 2002-03-31 ✔ QRm 2002-06-30 ✔ QRm 2002-09-30 ✔ QRm 2002-12-31 ✔ QR 2002-12-31 ✔ QRm 2003-03-31 ✔ QRm 2003-06-30 ✔

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Table 75 – Available financial reports of UGAR, April 1994 – June 2003

198

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK-017/LGL/BES/XI/2004 Dated November 25 2004)

No. Revision : 2.0

Status: Controlled

SECURITY LISTING RULES NUMBER I.A :

GENERAL RULES

SECURITY

LISTING

A. DEFINITION 1. 2.

Unless otherwise specially provided for, all words and terms herein shall have the same definitions as those provided for in Act Number 8 of 1995 on Capital Market and any regulations thereunder. In this Regulation: a. The Exchange shall mean PT Bursa Efek Surabaya. b. Default shall mean Issuers’ failure to fulfill their due liability in respect of Debt Securities listed on the Exchange and all other liabilities connected therewith under Trust Agreement. c. Company Listing shall mean the listing of all issued and paid-in share capital. d. Hearing shall mean a meeting between the Exchange and Issuers for the purpose of Security Listing, Security Halting, Sanction Imposition, Security Delisting, information transparency, Issuer obligation fulfillment, or other matters deemed necessary by the Exchange. e. Exchange Days shall mean the days on which the Exchange is open for security trading activity, except for public holidays or days that are declared by the Exchange as Exchange holidays. Except for Exchange Days and Business days, Days herein shall mean Calendar Days. f. Security Listing Committee shall mean a committee consisting of Issuers’ representatives, the Exchange Members, academicians, Capital Market supporting professional associations, and or other parties designated by the Exchange and voluntarily giving advice and or opinion to the Exchange regarding Security Listing on the Exchange Whether requested or not. g. Security Capitalization Value shall mean the value of Securities listed on the Exchange calculated on the basis of the initial price or the value of Securities that are traded on the exchange calculated on the basis of the last exchange rate. h. Delisting shall mean the removal of Securities from a listing on the Exchange. i. Securities Halting shall mean temporary halting of the trading of particular securities or some or all of Securities listed on the Exchange in light of the presence of material information that must be disclosed to and known by the public, or of irregular security trading or upon the request of Bapepam or on the basis of the Exchange’s sole consideration that the trading of the Securities needs to be stopped. j. Listing shall mean inclusion of a security in a listing on the Exchange. Page 1 of 8

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK-017/LGL/BES/XI/2004 Dated November 25 2004)

No. Revision : 2.0

k. l. m.

Status: Controlled

Relisting shall mean re-inclusion of a security in a listing on the Exchange after the security has been delisted Public Expose shall mean explanation by Issuers to the public in accordance with the rules of the Exchange. Initial Listing Date shall mean the date on which an issuer’s security is included in a listing on the Exchange for the first time or the date as stated in the Public Offer schedule.

B. GENERAL PROVISIONS 1. 2.

3. 4.

Issuers whose Registration Statement has been effective and has met listing requirements of the Exchange can list their securities on the Exchange. Securities that can be listed on the Exchange include: a. Equity Securities namely: 1) Shares, including mutual fund Shares; 2) Equity Securities other than Shares shall include Right Issue, and other Shares derivatives; 3) Warrants b. Debt Securities namely: 1) Debentures that are either convertible or not or can be exchanged for Equity Securities; 2) Debentures denominated in Rupiah currency or in foreign currencies; 3) Debentures issued by Private Enterprises, State-Owned enterprises, Regional Government-Owned Enterprises, Cooperatives, Central Government or Regional or Local Governments and Other Parties having obtained Declaration of Effectiveness from Bapepam. c. Mutual Fund Unit; d. Indonesian Depository Receipt. e. Other securities that are determined by Bapepam as Securities. Issuers shall know, understand and comply with any and all acts and regulations governing of Capital Market including the Exchange rules and any other acts and regulations. The Exchange may refuse to grant or withhold approval for the application of Preliminary Security Listing Agreement (PPPE) and or the listing of Issuers’ Securities in case that: a. Issuers fails to furnish additional documents as may be required by the Exchange; b. The Exchange is in doubt as to the sustaniablity and suvivability of Issuer’s business in the event of the following events, including but not limited to : (i) Bankruptcy petition being filed against the Issuer; (ii) Any of the Issuer’s permits and licenses being revoked by the regulatory body; Page 2 of 8

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK-017/LGL/BES/XI/2004 Dated November 25 2004)

No. Revision : 2.0

Status: Controlled

(iii)

5. 6. 7. 8. 9. 10. 11. 12. 13. 14.

15. 16.

17.

18.

Interruption to the Issuer’s operation bringing material effect on the survivability of Issuers’ business; The Exchange shall have the right to designate a Security code to each Security for trading purpose. The Exchange shall have the right to give special marks to Securities issued by any Issuers that experience particular condition in accordance with rules of the Exchange. The Exchange shall change or remove the special marks as referred to in Letter B number 6 hereof if the said condition has changed. The Exchange may request additional documents, information, explanation or hold a Hearing with an Issuer and or other related parties in light of any material report and or information regarding the said Issuer. Issuer’ report to the Exchange shall be submitted on the Exchange Day at the latest at 03.00 p.m. The Exchange shall announce or publish report and information or Material Fact concerning an Issuer. The Exchange may make a Site Visit to an Issuer’ place upon 5 (five) Exchange Day written prior notice to the said Issuer. The Exchange may delist the Securities of an Issuer in case that the said Issuer meets the Security Delisting criteria as set out in Security Listing regulation. The Exchange may involve Security Listing Committee in the handling of such matters including but not limited to Listing, Hearing, and preparation of Listing regulation. In case that the Exchange Transaction in respect of an Issuer’s Securities is completed through book entry settlement, the said Issuer shall follow Security conversion process into Collective Custody in accordance with the schedule specified by the Central Securities Depository Institution (LPP). All provisions hereof applicable to Issuers shall also apply to Public Companies listing their Securities on the Exchange. Public Companies listing for the first time Equity Securities in the form of shares shall be obliged to make and submit the result of shares valuation for the purpose of determination of shares market opening price on the listing and trade day. The said valuation shall be made by an independent Party. Determination of price in respect of the listing of Public Companies’ Securities shall be made as follows: a. Opening price shall be stated in the listing application; b. The Exchange will announce the opening price together with the listing announcement. In case that Public Companies as referred to in Letter B Number 16 hereof have listed their shares in one of Exchanges in Indonesia, then opening price of Shares trade shall be the closing price 1 (one) Exchange Day before the date of the Shares listing and trade on the Exchange. Page 3 of 8

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK-017/LGL/BES/XI/2004 Dated November 25 2004) Status: Controlled

No. Revision : 2.0

19. 20.

Forward Contracts and Option Contracts shall be excluded from the application of the Listing Rules and be governed by separate rules. Some or all of the provisions of the Security Listing Rules may not be applied to Securities that are specifically excepted by the Government of the Republic of Indonesia or Bapepam. Issued in : Surabaya Date : November 25, 2004 PT. Bursa Efek Surabaya

Hindarmojo Hinuri K. Managing Director

Sugeng Rijadi Director

Page 4 of 8

DECISION OF THE BOARD OF DIRECTORS OF THE INDONESIA STOCK EXCHANGE INC.

Number Regarding

: :

Date of Issue Date of Effective Considering

: : :

Kep-00001/BEI/01-2014 Amendment to the Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by the Listed Company 20 January 2014 30 January 2014 a. that as a follow-up to the implementation of Merger of the Jakarta Stock Exchange Inc. and the Surabaya Stock Exchange Inc. that thenceforth is changed name into the Indonesia Stock Exchange Inc., it is necessary to harmonize the Exchangeâ&#x20AC;&#x2122;s Listing Rules; b. that to simplify and facilitate the investors in understanding and complying with the provisions on the stock listing, it is necessary an improvement in the systematic of preparation and classification of the provisions of the rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company from several Circular Letters into one rule; c. that in order to provide protection for investors it is deemed necessary to insert some provisions into the rule concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by the Listed Company that aims at improvement of quality of Listed Companies; d. that based in the considerations as set forth in letters a, b, and c above, it is necessary to amend the Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company by a Decision of the Board of Directors of the Indonesia Stock Exchange Inc.

In view of

1. Law Number 8 of 1995 concerning Capital Market (State Gazette of 1995 Number 64, Supplement to State Gazette Number 3608); 2. Government Regulation Number 45 of 1995 concerning the implementation of the Capital Market Activities (State Gazette of 1995 Number 86, Supplement to State Gazette Number 3617) as amended by Government Regulation Number 12 of 2004 (State Gazette of 2004 Number 27, Supplement to State Gazette Number 4372); 3. Bapepam Rule Number III-A.2 concerning Procedures for Rule-Making by Securities Exchange (Attachment to Decision of Chairman of the Capital Market Supervisory Agency Number Kep-03/PM/1996 dated 17 January 1996); 4. Decision of Board of Commissioners of Financial Services Authority Deputy Commissioner of Capital Market Supervisor II of Financial Services Authority Number: S-511/PM.2/2013 dated 31 December 2013 concerning Approval of Amendment to the Rule on Listing of Indonesia Stock Exchange Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company.

DECIDES: To stipulate

1. Amendment to the Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company, as set out in the Attachment I to this Decision. 2. By application of this amendment to the Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by the Listed Company, then: a. The Exchange revokes the effectiveness of: 1) Decision of the Board of Directors of the Jakarta Stock Exchange Inc. Number Kep-305/BEJ/07-2004 dated 19 July 2004 concerning Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company, except the provisions III.2.5., III.3.6., IV.1.3.27., IV.2.3.24., V., VI., VIII.4., and VIII.5.4. of Attachment I to the Decision of Board of Directors of the Jakarta Stock Exchange Inc. Number Kep-305/BEJ/07-2004 dated 19 July 2004; 2) Circular Letter of the Indonesia Stock Exchange Inc. Number: SE-007/BEJ/08-2004 dated 23 August 2004 regarding Explanation on Procedures of Annual Listing Fee Settlement; 3) Circular Letter of the Indonesia Stock Exchange Inc. Number: SE-003/BEI/07-2008 dated 24 July 2008 regarding Explanation on the Provisions on the Initial Securities Listing at the Exchange. b. Provisions excluded as contemplated in point 2.a.1) above will be covered in the Attachment II of this Decision. c. Companies which have applied for the listing of their Securities to the Exchange (Prospective Listed Companies), at the latest on the effective date of this Decision, shall meet all requirements in the Attachment I and comply with the provisions III.2.5. and III.3.6. of Attachment II to this Decision, under conditions as follows: 1) provisions III.2.5. and III.3.6. of Attachment II to this Decision shall only apply to the Prospective Listed Companies until the listing of the Companiesâ&#x20AC;&#x2122; Securities at the Exchange, provided that there is no change in the date of the Financial Statements used by the Prospective Listed Companies for Securities listing at the Exchange; 2) provisions III.2.6. and III.3.6. of Attachment I to this Decision shall not apply to the Prospective Listed Companies until the listing of the Companiesâ&#x20AC;&#x2122; Securities at the Exchange, provided that there is no change in the date of the Financial Statements used by the Prospective Listed Companies for Securities listing at the Exchange. d. Prospective Listed Companies running the business of Mining must

comply with all provisions set out in the Attachment I to this Decision, and provisions IV.1.3.27. and IV.2.3.24. of Attachment II to this Decision. e. Companies which have listed their Securities at the Exchange (Listed Companies) during the effective period of this Rule must meet all provisions of Attachment I to this Decision and provisions V., VI., VIII.4., and VIII.5.4. of Attachment II to this Decision, under conditions that: 1) provisions V.1. and V.2. of Attachment I to this Decision must be met within not later than 24 (twenty four) months of effective date of this Decision; 2) provisions V.3.2. and V.4.2. of Attachment I to this Decision must be met within not later than 6 (six) months of effective date of this Decision; 3) provisions VII.3. of Attachment I to this Decision must be met as of 1 January 2015. 3. This Decision shall come into effect as of the effective date.

Faithfully yours,

Ito Warsito President Director Cc: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

Hoesen Director

Executive Head of Capital Market Supervisor of Financial Services Authority Deputy Commissioner of Capital Market Supervisor I of Financial Services Authority Deputy Commissioner of Capital Market Supervisor II of Financial Services Authority Director of Services Sector Companies Financial Assessment of Financial Services Authority Director of Real Sector Companies Financial Assessment of Financial Services Authority Director of Capital Market Arrangement of Financial Services Authority Director of Transaction and Securities Institutions of Financial Services Authority Board of Directors of the Indonesian Clearing and Guarantee Corporation Inc. Board of Directors of the Indonesian Central Securities Depository Inc. Board of Commissioners of the Indonesia Stock Exchange Inc.

ATTACHMENT I Decision of the Board of Directors of The Indonesia Stock Exchange Inc Number : Kep-00001/BEI/ 01-2014 Date of Issue : 20 January 2014 Date of Effective : 30 January 2014

RULE NUMBER I-A: CONCERNING THE LISTING OF SHARES (STOCK) AND EQUITYTYPE SECURITIES OTHER THAN STOCK ISSUED BY THE LISTED COMPANY I.

DEFINITIONS In this Rule, the following terms shall mean: I.1.

Net Tangible Assets means Total Assets deducted by the Intangible Asset, Deferred Tax Assets, Total Liabilities and Non-controlling Interest.

I.2.

Deferred Tax Assets means as referred to in the Financial Accounting Standard (SAK) related to income tax.

I.3.

Intangible Asset means non monetary assets which are identified intangible.

I.4.

Exchange means the Indonesia Stock Exchange Inc.

I.5.

Prospective Listed Company means a Legal Entity which has filed the application for listing its Securities at the Exchange.

I.6.

Exchange Day means a day when Securities trading takes place at the Exchange namely Monday to Friday, except the national holiday or declared as the Exchange holiday by the Exchange.

I.7.

Management Stock Option Program (MSOP) means stock option program by the Board of Directors and Board of Commissioners conducted through stock offering or stock option offering in order to reward compensation to the Board of Directors and Board of Commissioners.

I.8.

Employee Stock Option Program (ESOP) means stock option program by employees conducted through stock offering or stock option offering in order to reward compensation to employees.

I.9.

Independent Commissioner means Independent Commissioner as referred to in the Rule of Bapepam and LK Number IX.I.5. concerning Guidelines on Establishment and Working Implementation of Audit Committee.

I.10.

Audit Committee means the Audit Committee as referred to in the Rule of Bapepam and LK Number IX.I.5. concerning Guidelines on Establishment and Working Implementation of Audit Committee.

I.11.

Listing Committee means a committee established by the Exchange whose members are appointed by the Exchange pursuant to their expertise, who are responsible to provide opinions to the Exchange, either upon request or voluntarily, in respect of the listing of Securities of the Listed Company at the Exchange.

I.12.

KSEI means the Indonesian Central Securities Depository Inc.

I.13.

Financial Statement means statement in accordance with the understanding of financial statement that is contained in Financial Accounting Standard (SAK) and Rule of Bapepam and LK Number VIII.G.7. concerning Preparation and Disclosure of Financial Statement of Issuer or Public Company or Financial Statement contained in the Government Accounting Standard (SAP) and Rule of Bapepam and LK Number VIII.G.14. Concerning Guidelines for Preparing Province’s/District’s/City’s (Regional Government) Financial Statements.

I.14.

Audited Financial Statement means the Financial Statement that has been audited by Public Accountant registered with the Financial Services Authority (OJK).

I.15.

Share Capitalization Value means the result of a multiplication of the total shares which will be listed with an initial price of shares for a Prospective Listed Company or the price of shares at the Exchange for the Listed Company.

I.16.

Development Board means the listing board which is provided for the listing of stocks of medium-scale companies which are expected to growth.

I.17.

Main Board means the listing board which is provided for the listing of stocks of largescale companies and having been operating for quite long period.

I.18.

Main Shareholder means the Main Shareholders as contemplated in the Elucidation of Article 1 number 1 letter f of Law Number 8/1995 concerning Capital Market.

I.19.

Listing means the listing of Securities in the Securities list registered with the Exchange so that they can be traded at the Exchange.

I.20.

Controller means Public Company Controller as contemplated in the Rule of Bapepam and LK Number IX.H.1. concerning Open Company Takeover.

I.21.

Exchange Announcement means written announcement which is made available through electronic or other media specified by the Exchange.

I.22.

Listed Company means Issuer or Public Company whose Securities are listed at the Exchange.

I.23.

Pre-Listing means approval on the plan of listing of additional shares given by the Exchange prior to issuance of the shares.

I.24.

Corporate Secretary means the Corporate Secretary as contemplated in the Rule of Bapepam and LK Number IX.1.4. concerning Formation of the Corporate Secretary.

I.25.

Corporate Group Structure means a structure which represents the company’s vertical position beginning from ultimate shareholder up to the last level Subsidiary and the company’s horizontal position.

I.26.

Total Asset means the total resources owned by the company as a consequence of any transaction in the past and from the future economic benefits which are expected to be obtained by the company.

I.27.

Total Liabilities means the company’s total outstanding obligations as a result of the past transaction which source of the repayment is expected from the company’s resources.

II.

GENERAL PROVISIONS OF LISTING II.1.

III.

The Equity-Type Securities which can be listed at the Exchange as stipulated in this provision shall cover the following: II.1.1.

stock;

II.1.2.

Equity-Type Securities Other Than Stock that follows Stock Public Offering shall include warrants and its derivatives issued by the Listed Company to be converted into shares of such Listed Company.

II.2.

The Exchange is authorized to approve or reject the listing application including its placement on the Main Board or the Development Board after reviewing the statements and documents which are submitted by the Prospective Listed Company or obtained by the Exchange, considering not only the formal aspect, but also the substance of the requirements.

II.3.

The Listed Company must list all shares that are issued and paid in full (company listing), unless provided otherwise by the laws and regulations.

II.4.

Listing of stock resulting from the exercise of warrants, convertible bonds, ESOP/MSOP, Pre-emptive Rights, must be done through Pre-Listing process.

II.5.

In the decision-making process related to the implementation of this listing rule, the Exchange may request the Listing Committee to provide advice or consideration.

II.6.

Each 1 (one) Equity-Type Securities Other Than Stock which is listed at the Exchange shall give the right to its holder to obtain 1 (one) stock.

II.7.

The Exchange determines the Listed Company code and Securities code for each Equity-Type Securities of the Listed Company.

II.8.

In the event that there is additional allotment option in the Public Offering to stabilize the price of stock of the Listed Company through the appointed Exchange Member, then the Listed Company must provide information on mechanism for implementation of the additional allotment option for the stabilization of the stock price along with submission of application for Securities Listing to the Exchange as referred to the provision IV.2.6. of this Rule.

II.9.

Report of the price stabilization activity through such additional allotment option must be provided by the Listed Company or the Exchange Member that is appointed as implementer of the price stabilization transaction, at the latest at 17.00 Indonesian Western Time each day during the price stabilization period.

II.10.

In the event that the Prospective Listed Company takes a corporate action which follows the implementation of initial Public Offering, then requirements and procedures for the listing of stock resulted from the corporate action shall refer to the Exchange rule with respect to corporate action.

INITIAL LISTING REQUIREMENTS III.1.

The Prospective Listed Company intending to list its shares either on the Main Board or on the Development Board must fulfill the following requirements: 3

III.1.1.

A Legal Entity in the form of Limited Liability Company (PT).

III.1.2.

The Registration Statement submitted to the Financial Services Authority has become effective.

III.1.3.

In the event that the Prospective Listed Company is a subsidiary or a holding company of the Listed Company, causing consolidation of the Financial Statements of both Listed Companies, then the Prospective Listed Company must submit appraisal from an Independent party that is registered with the Financial Services Authority concerning whether or not the following conditions are fulfilled:

III.1.4.

III.1.5.

III.1.3.1.

upon termination of affiliation between the Prospective Listed Company and the Listed Company, each company can continue to sufficiently perform its operational activity pursuant to the appraisal of an Appraisal that is registered with the Financial Services Authority; and

III.1.3.2.

pursuant to the pro forma Financial Statement of the Listed Company that has been reviewed by an Accountant Public (without having consolidated with the Financial Statement of the Prospective Listed Company), the Listed Company can fulfill the listing requirement; or

Having an Independent Commissioner, on terms as follows: III.1.4.1.

having complied with the provisions stipulated in the Rule of Bapepam and LK Number IX.I.5. concerning Guidelines on Establishment and Working Implementation of Audit Committee.

III.1.4.2.

consisting of at least 30% (thirty percent) of the composition of the Board of Commissioners who can be firstly appointed in General Meeting of Shareholders held prior to Listing and shall be effective as Independent Commissioner after the shares of the company are listed.

Having an Independent Director, on terms as follows: III.1.5.1.

consisting of at least 1 (one) person of the composition of the member of the Board of Directors who can be firstly appointed in General Meeting of Shareholders held prior to Listing and shall be as Independent Director effective after the shares of the company are listed.

III.1.5.2.

meets the following conditions: III.1.5.2.1. does not have any affiliate relation with the Listed Company Controller at least 6 (six) months prior to the appointment as the Independent Director; III.1.5.2.2. does not have any affiliate relation with any Commissioners or Board of Directors of the Prospective Listed Company;

III.1.5.2.3. does not have any position as a member of Board of Directors in other company; III.1.5.2.4. has not been an Insider in the Capital Market Supporting Institution or Profession whose service is utilized by the Prospective Listed Company for 6 (six) months prior to the appointment as the Director. III.1.6.

Having an Audit Committee which meets the provisions as set out in the Rule of Bapepam and LK Number IX.1.5. concerning Guidelines on Establishment and Working Implementation of Audit Committee.

III.1.7.

Having an Internal Audit Unit which meets the provisions as set out in the Rule of Bapepam and LK Number IX.1.7. concerning Forming and Charterâ&#x20AC;&#x2122;s Compilation Guidance of Internal Audit Unit.

III.1.8.

Having a Corporate Secretary on terms as follows: III.1.8.1.

meets the conditions as set out in the Rule of Bapepam and LK Number IX.I.4. concerning Formation of Corporate Secretary;

III.1.8.2.

function of a Corporate Secretary may be performed by a Director. In the event that the Corporate Secretary is not a director in the relevant Listed Company, then the Board of Directors of the Listed Company shall be responsible for any information given by the Corporate Secretary;

III.1.8.3.

Corporate Secretary must have an access to the material and relevant information which relate to the obligation of information disclosure of the Listed Company to the public.

III.1.9.

Having the Board of Directors and the Board of Commissioners which meet the requirements as set out in the Rule of Bapepam and LK Number IX.I.6. concerning Director and Commissioner of Issuer and Public Companies.

III.1.10.

In the event that shares of the Prospective Listed Company are in nominal value, then the nominal value shall be at least Rp100 (one hundred rupiah). In the event that shares of the Prospective Listed Company are not in nominal value, then the initial public offering price shall be at least Rp100 (one hundred rupiah).

III.1.11. In the event that the Prospective Listed Company plans to issue warrants together with the initial shares listing, then the exercise price of the right to the warrants shall be determined at least 90% (ninety percent) of the offering shares price or initial price and at least equal to the nominal price. III.1.12. The Prospective Listed Company that will conduct Initial Public Offering must enter into an underwriting agreement in term of Public Offering in the form of full commitment. III.2.

Requirements of Listing on the Main Board The Prospective Listed Company intending to list its shares on the Main Board must fulfill the following requirements: 5

III.2.1.

Fulfill the general listing requirements as referred to in provision III.1. of this Rule.

III.2.2.

Until the submission of the listing application, has been conducting an operational activity in the same core business at least for the 36 (thirty six) consecutive months.

III.2.3.

Booking business profits at least in the last 1 (one) financial year.

III.2.4.

The Financial Statement of the Prospective Listed Company has been audited at least for the last 3 (three) financial years, with provision that the Audited Financial Statement for the last 2 (two) financial years and the latest interim Audited Financial Statement (if any) obtain an Unqualified Opinion.

III.2.5.

Having a Net Tangible Asset pursuant to the latest Audited Financial Statement, at least Rp 100,000,000,000 (one hundred billion rupiah).

III.2.6.

Total shares owned by non Controlling Shareholders and non Substantial Shareholders after the Public Offering or for Public Company within a period of 5 (five) Exchange Days prior to the Listing application are at least 300,000,000 (three hundred million) shares and meets the following conditions:

III.2.7.

III.2.6.1.

at least 20% (twenty percent) of total number of shares in the paid-up capital, for the Prospective Listed Company with equity value prior to the Public Offering less than Rp500,000,000,000 (five hundred billion rupiah);

III.2.6.2.

at least 15% (fifteen percent) of total number of shares paid-up capital, for the Prospective Listed Company with value prior to the Public Offering starting Rp500,000,000,000 (five hundred billion rupiah) Rp2,000,000,000,000 (two trillion rupiah); or

III.2.6.3.

at least 10% (ten percent) of total number of shares in the paid-up capital, for the Prospective Listed Company with equity value prior to the Public Offering more than Rp2,000,000,000,000 (two trillion rupiah).

in the equity from until

Total number of shareholders having the Securities accounts at the Securities Exchange Member are at least 1,000 (one thousand) shareholders, provided as follows: III.2.7.1.

for the Prospective Listed Company conducting a Public Offering, then the total number of the abovementioned shareholders shall be the total shareholders following the initial Public Offering;

III.2.7.2.

for the Prospective Listed Company originated from a public company, the total number of the abovementioned shareholders shall be the total shareholders for the latest 1 (one) month prior to submission of the listing application.

III.3.

Requirements of Listing on the Development Board The Prospective Listed Company intending to list its shares on the Development Board must fulfill the following requirements: III.3.1.

Fulfill the general listing requirements as referred to in provision III.1. of this Rule.

III.3.2.

Until the submission of the listing application, has been conducting an operational activity in the same core business at least for the 12 (twelve) consecutive months.

III.3.3.

The Audited Financial Statement of latest financial year which covers at least 12 (twelve) months and the latest interim Audited Financial Statement (if any) obtain an Unqualified Opinion.

III.3.4.

Having a Net Tangible Asset of at least Rp 5,000,000,000 (five billion rupiah).

III.3.5.

For the Prospective Listed Company suffering an operating loss or having negative profit or conducting its operation for less than 2 (two) years must:

III.3.6.

III.3.5.1.

the latest at the end of the 2nd (second) financial year as of the listed date, obtain operating profit and net profit in accordance with the financial projection;

III.3.5.2.

particularly for the Prospective Listed Company whose nature of business needs more time to reach a breakeven point (such as: infrastructure, hard plants (tanaman keras) plantation, concession of the Forest Management Rights (konsesi Hak Pengelolaan Hutan/HPH) or Industrial Plantation (Hutan Tanaman Industri/HTI)) or other line of business which relates to the public services), then pursuant to the financial projection of the said Prospective Listed Company at the latest at the end of the 6th (sixth) financial year as of the date of the listing has obtained operating profit and net profit.

The total shares owned by non Controlling Shareholder and Non-substantial Shareholders after a Public Offering or for a Public Company in the period of 5 (five) Exchange Days prior to the listing application at least 150,000,000 (one hundred fifty million) shares and fulfill the following conditions: III.3.6.1.

III.3.6.2.

at least 15% (fifteen percent) of total number of shares in the paid-up capital, for the Prospective Listed Company with equity value prior to the Public Offering more than Rp500,000,000,000 (five hundred billion rupiah) until Rp2,000,000,000,000 (two trillion rupiah); or

III.3.6.3.

at least 10% (ten percent) of total number of shares in the paid-up capital, for the Prospective Listed Company with equity value 7

prior to the Public Offering more than Rp2,000,000,000,000 (two trillion rupiah). III.3.7.

IV.

The number of shareholders having the Securities accounts at the Securities Exchange Member are at least 500 (five hundred) shareholders, provided as follows: III.3.7.1.

for the Prospective Listed Company conducting a Public Offering, then the total number of the abovementioned shareholders shall be the total shareholders following the initial Public Offering;

III.3.7.2.

INITIAL LISTING PROCEDURES IV.1.

General Listing Procedures IV.1.1.

A Prospective Listed Company intending to list its shares at the Exchange shall pay the registration fee in amount of Rp 25,000,000 (twenty five million rupiah). In the event that the listing application from the Prospective Listed Company is accepted, then such fee will be calculated as a subtraction of an Initial Listing Fee as referred to in provision VII.2. of this Rule.

IV.1.2.

The Prospective Listed Company shall submit the following documents in the form of hardcopy and softcopy: IV.1.2.1.

copy of deed of establishment/Articles of Association of the Prospective Listed Company that have been validated by the competent authority including all the amendments thereto and Certificate of Company Registration;

IV.1.2.2.

organization structure of the Prospective Listed Company up to the first level official under the Board of Directors;

IV.1.2.3.

Corporate Group Structure showing the position of the Prospective Listed Company in the Group (if any);

IV.1.2.4.

the latest curriculum vitae of each member of the Board of Directors and the Board of Commissioners signed by the person concerned;

IV.1.2.5.

shareholder register including the total and percentage of the ownership of the shareholders and its amendment for the last 3 (three) years or since establishment of the company if less than 3 (three) years;

IV.1.2.6.

a register of share ownership and business relation which relates to the Board of Directors, Board of Commissioners and their families either in the Prospective Listed Company or the affiliate of the Prospective Listed Company; 8

IV.1.2.7.

the Audited Annual Financial Statement for the last 3 (three) financial years and the latest Audited Interim Financial Statement (if any) or the Audited Financial Statement as of the commencement of the operational of the Prospective Listed Company whose operational period is less than 3 (three) years;

IV.1.2.8.

a brief history of the company;

IV.1.2.9.

a description of the company’s business activities;

IV.1.2.10. Taxpayer Identification Number; IV.1.2.11. analysis and discussion by the management concerning business activities, performance and financial position; IV.1.2.12. analysis of business risk and business prospect; IV.1.2.13. financial projection for a period of at least 3 (three) years including its assumptions except for the Prospective Listed Company engaging in a certain line of business as stipulated in the provisions III.3.5.2. of this Rule, then presented until at least the Prospective Listed Company obtains operating profits and net profit. IV.1.2.14. the purpose of the use of funds received from a Public Offering, particularly for Prospective Listed Company intending to conduct Public Offering; IV.1.2.15. the total of shares which are offered and the estimated offering price, particularly for Prospective Listed Company intending to conduct Public Offering; IV.1.2.16. copy of underwriting agreement in term of Public Offering between the Prospective Listed Company and an Underwriter, particularly for Prospective Listed Company intending to conduct Public Offering; IV.1.2.17. a description of the number of the Securities which are listed; IV.1.2.18. dividend policies; IV.1.2.19. transactions/agreements, receivables and payables to the affiliate (including amount and its conditions); IV.1.2.20. receivables of the Prospective Listed Company which is secured by the affiliated party, and or third party’s payables or affiliated party’s payables which is secured by the Prospective Listed Company (if any); IV.1.2.21. a summary of contracts which have material value; IV.1.2.22. ratios of performance, operating, growth, liquidity and solvency; IV.1.2.23. legal opinion from a Legal Consultant registered with the 9

Financial Services Authority; IV.1.2.24. payment receipt of registration fee of the listing application as referred to in provision IV.1.1. of this Rule; IV.1.2.25. appraisal report by the Appraisal registered with the Financial Services Authority (if any); IV.1.2.26. a copy of contract of Securities administration management with the Securities Administration Agency or a statement from the Prospective Listed Company if the Securities administration thereof is managed by itself; IV.1.2.27. copy of license required by the competent Authority concerning the environmental impact assessment for the Prospective Listed Company; IV.1.2.28. specifically for the Prospective Listed Company whose line of business is specifically stipulated in the Exchange Rule must submit the documents as set out in such Rule; IV.1.2.29. copy of concession or management permits from the competent authority for the Prospective Listed Company whose line of business requires concession or management permit such as forest or toll road; IV.1.2.30. a statement letter that it has Independent Commissioner Independent Director as referred to in provisions III.1.4. III.1.5. of this Rule by completing a form which its form substance shall be in accordance with Attachment I-A.5.1. Attachment I-A.5.2. of this Rule;

and and and and

IV.1.2.31. a list of names of the Audit Committee; IV.1.2.32. name of Head of Internal Audit Unit; IV.1.2.33. a statement letter concerning the qualification fulfillment of the Board of Directors and the Board of Commissioners as referred to in provision III.1.9. of this Rule by completing a form which its form and substance shall be in accordance with Attachment IA.6. of this Rule. IV.1.2.34. List of names and signature specimens of the officer who is authorized to sign correspondences delivered to the Exchange. IV.1.2.35. a statement letter concerning responsibility for the accuracy of information provided to the Exchange and willingness to comply with the Exchange rules and the laws and regulations applicable to Capital Market signed by the Board of Directors of the Prospective Listed Company which its form and substance shall be in accordance with Attachment I-A.4. of this Rule. IV.1.3.

The documents as referred to in the provision IV.1.2. of this Rule shall be deemed to have been received when all of the documents have been received in complete by the Exchange. 10

IV.2.

IV.1.4.

In order to review the shares listing plan of the Prospective Listed Company, the Exchange may ask for additional documents, information and or explanation either in oral or writing from the Prospective Listed Company and or other parties which relate to the shares listing plan of the Prospective Listed Company.

IV.1.5.

The Prospective Listed Company must deliver presentation concerning the company to the Exchange.

IV.1.6.

In term of evaluation, the Exchange may conduct site visit to the Prospective Listed Company.

Procedures for the Listing of Equity-Type Securities for the Prospective Listed Company intending to conduct Public Offering IV.2.1.

In order to list shares at the Exchange, a Prospective Listed Company which conducts Public Offering must submit 2 (two) applications to the Exchange, namely: IV.2.1.1.

an application for preliminary Securities Listing; and

IV.2.1.2.

an application for Securities Listing.

IV.2.2.

The application for preliminary Securities Listing shall be submitted by using the forms which the form and substance as referred to in the Attachment IA.1. of this Rule and enclosing the documents and information as referred to provision IV.1.2. of this Rule.

IV.2.3.

In accordance with an evaluation and an appraisal of the Exchange, the Exchange shall give a rejection or a principal approval on the application for preliminary securities listing at the latest 10 (ten) Exchange Days as of the Exchange receives the complete documents and information.

IV.2.4.

In the event that the application for preliminary securities listing of the Prospective Listed Company is principally approved by the Exchange, then the Prospective Listed Company and the Exchange shall execute a Preliminary Agreement on the Securities Listing in the form and substance pursuant to Attachment I-A.2. of this Rule, provided as follows: IV.2.4.1.

the Preliminary Agreement on the Securities Listing shall be effective at the longest 6 (six) months as of the execution thereof and can be extended upon mutual agreement of the parties;

IV.2.4.2.

the Preliminary Agreement on the Securities Listing shall terminate upon the expiry of its term as referred to in provision IV.2.4.1. of this Rule;

IV.2.4.3.

the Preliminary Agreement on the Securities Listing shall terminate earlier than the term as referred to in provision IV.2.4.1. of this Rule if: IV.2.4.3.1. the Listing application has been approved by the Exchange; or

IV.2.4.3.2. there is a material change in data and or information causing the Prospective Listed Company no longer fulfills the requirements of an initial Listing or the matters which are the base of the execution of the agreement. IV.2.5.

In the event that the Registration Statement of the Prospective Listed Company has not become effective or has not been listed at the Exchange and there is any change in and or addition to the documents that have been submitted before, then the Prospective Listed Company must submit such change and or addition of documents at the latest 2 (two) Exchange Days as of such change and or addition occurs.

IV.2.6.

In the event that the Registration Statement submitted to the Financial Services Authority becomes effective, then the Prospective Listed Company that will conduct Public Offering must submit a Listing application as referred to in the provision IV.2.1.2. of this Rule to the Exchange in the form and substance as set out in the Attachment I-A.7. to this Rule at the latest 2 (two) Exchange Days after the Registration Statement submitted to the Financial Services Authority has become effective.

IV.2.7.

The Listing application as referred to in the provision IV.2.6. of this Rule must be submitted in the form of hardcopy and softcopy at the minimum as follows: IV.2.7.1.

Evidence that Registration Statement submitted to the Financial Services Authority has become effective.

IV.2.7.2.

Public Offering prospectus at least 5 (five) counterparts in the form of hardcopy and 1 (one) softcopy.

IV.2.7.3.

Copy of agreement of registration of Equity-Type Securities with the KSEI.

IV.2.7.4.

Report of Result of Allotment and Report of composition of shareholders following result of Public Offering in the form and substance as set forth in Attachment I-A.8. of this Rule, submitted at the latest by 14.00 Indonesian Western Time at 1 (one) Exchange Day before the planned Listing date;

IV.2.7.5.

Evidence of shares distribution to shareholders through KSEI at the latest 1 (one) Exchange Day before the planned Listing date.

IV.2.8.

A listing approval will be granted by the Exchange if the Prospective Listed Company fulfills the requirements stipulated in the Preliminary Agreement on the Securities Listing as referred to in provision IV.2.4. of this Rule at the latest 5 (five) Exchange Days after the Exchange receives the complete documents as referred to in provision IV.2.7. of this Rule.

IV.2.9.

The Exchange shall announce the Listing and the trade of shares of the said Prospective Listed Company at the latest 1 (one) Exchange Day prior to the commencement of the shares trading.

IV.3.

The procedures for the Listing of Equity-Type Securities originated from a Public Company. IV.3.1.

To list Securities at the Exchange, the Prospective Listed Company originated from a Public Company shall submit a Securities Listing Application to the Exchange in the form and substance which is in accordance with Attachment I-A.3. of this Rule.

IV.3.2.

The Securities Listing Application shall be submitted by attaching documents and information as referred to in the provision IV.1.2. of this Rule and supplemented with the following documents: IV.3.2.1.

evidence of Registration Statement submitted to the Financial Services Authority has become effective;

IV.3.2.2.

information disclosure of the Public Company in number of 5 five) counterparts in the form of hardcopy and 1 (one) softcopy.

IV.3.2.3.

result of share appraisal by an Independent Party in term of determining the opening prices of share trading on the date of Listing and trading;

IV.3.2.4.

copy of contract of Equity-Type Securities registration with KSEI;

IV.3.2.5.

report of composition of shareholders in the form and substance as referred to in the Attachment I-A.8. of this Rule.

IV.3.3.

The Exchange conducts an evaluation on the documents and information as referred to in provision IV.3.2. of this Rule to identify the properness of the Listing either on the completeness of the documents or the fulfillment of the requirements substances.

IV.3.4.

An approval or a rejection of the listing will be granted by the Exchange if the Prospective Listed Company fulfills the listing requirements at the latest 10 (ten) Exchange Days after the Exchange receives the complete documents and information.

IV.3.5.

The Exchange shall announce the Listing and the trade of shares of the said Prospective Listed Company at the latest 1 (one) Exchange Day prior to the commencement of the shares trading.

REQUIREMENTS FOR LISTED COMPANY TO REMAIN LISTED AT THE EXCHANGE A Listed Company can remain listed at the Exchange if it fulfills the following requirements: V.1.

Total shares owned by non Controlling Shareholders and Non-substantial Shareholders shall be at least 50,000,000 (fifty million) shares and at least 7.5% (seven point five percent) of the total number shares in the paid-up capital.

V.2.

Number of shareholders shall be at least 300 (three hundred) shareholders that hold Securities account in the Securities Exchange Member.

V.3.

V.4.

V.5.

Having an Independent Commissioner on conditions as follows: V.3.1.

meets the requirements as referred to in the provision III.1.4. of this Rule;

V.3.2.

service period of the Independent Commissioner shall be no longer than 2 (two) consecutive periods;

V.3.3.

in case of vacancy in the position of the Independent Commissioner which causes non-fulfillment of the provision V.3.1. of this Rule, then the Listed Company must fulfill such vacancy not later than the next GMS or within 6 (six) months as of the vacancy occurs.

Having an Independent Director on conditions as follows: V.4.1.

meets the requirements as referred to in the provision III.1.5. of this Rule;

V.4.2.

service period of the Independent Director shall be no longer than 2 (two) consecutive periods.

V.4.3.

in case of vacancy in the position of the Independent Director which causes non-fulfillment of the provision V.4.1. of this Rule, then the Listed Company must fulfill such vacancy not later than at next GMS or within 6 (six) months as of the vacancy occurs.

Having an Audit Committee on conditions as follows: V.5.1.

meets the requirements as referred to in the provision III.1.6. of this Rule;

V.5.2.

performs the tasks as referred to in the Rule of Bapepam and LK Number IX.1.5. concerning Guidelines on Establishment and Working Implementation of Audit Committee.

V.5.3.

in addition to the tasks as referred to in the provision V.5.2. of this Rule, the Audit Committee must also perform the following tasks:

V.5.4.

V.5.3.1.

to review independence and objectivity of public accountant;

V.5.3.2.

to review the audit adequacy conducted by the public accountant to ensure that all important risks have been considered;

V.5.3.3.

to investigate any indication of a mistake in the resolution of the Board of Directors’ meeting or an irregularity in implementing the resolution of the Board of Directors’ meeting. Such investigation can be conducted by the Audit Committee or any independent party appointed by the Audit Committee on the Listed Company’s expense;

V.5.3.4.

to deliver report of review results to all members of the Board of Commissioners of the Listed Company upon completion of the report of review results conducted by the Audit Committee.

In case of vacancy in the position of the Chairman or Member of the Audit Committee, then the Listed Company must fulfill such vacancy not later than 6 (six) months as of the vacancy occurs in accordance with the provision III.1.6. of this Rule. 14

V.6.

Having a Corporate Secretary on terms as follows: V.6.1.

meets the conditions as set out in the provision III.1.8. of this Rule.

V.6.2.

performs the tasks as set out in the Rule of Bapepam and LK Number IX.I.4. concerning Formation of the Corporate Secretary.

V.6.3.

in addition to the tasks as referred to in the provision V.6.2. of this Rule, the Corporate Secretary must perform the following tasks:

V.6.4.

V.6.3.1.

to prepare Special List in respect of the Board of Directors, the Board of Commissioners and their families either in the Listed Company or its affiliates which amongst other things include shares ownership, business relations and other roles which may cause any conflict of interest with the Listed Company;

V.6.3.2.

to make a shareholders register including an ownership of 5% (five percent) or more;

V.6.3.3.

to be present at the meeting of the Board of Directors and create a minutes of meeting;

V.6.3.4.

to assist the Board of Directors in the organization of General Meeting of Shareholders.

In case of vacancy in position of the Corporate Secretary, then: V.6.4.1.

The Listed Company must appoint a substitute Corporate Secretary under conditions as follows: V.6.4.1.1. to appoint one Director or other person to fill such vacancy not later than 2 (two) Exchange Days as of the vacancy occurs. V.6.4.1.2. in case the Listed Company appoints one Director or other person as referred to in the provision V.6.4.1.1. of this Rule for a temporary period, then the Listed Company must appoint a definitive Corporate Secretary not later than 2 (two) months as of the vacancy occurs.

V.6.4.2.

V.7.

The Listed Company must submit a report to the Exchange at the latest on the same Exchange Day to the appointment of the Corporate Secretary as referred to in the provision V.6.4.1. of this Rule and announce it at the Exchange.

Having a Board of Directors and Commissioners on conditions as follows: V.7.1.

meets the requirements as referred to in the provision III.1.9. of this Rule.

V.7.2.

performs the following tasks: V.7.2.1.

Commissioners must provide corrective recommendation or advice on the review result provided by the Audit Committee as 15

referred to in the provision V.5.3.4. of this Rule, and submit such recommendation or advice to the relevant Board of Directors after Commissioners receives the final review report prepared by the Audit Committee, along with the review report. V.7.2.2.

The Board of Directors must provide the Exchange with the review as referred to in the provision V.7.2.1. of this Rule which is material and the corrective recommendation or advice. Such report must be made available at the Listed Companyâ&#x20AC;&#x2122;s office to be read by the shareholders at the latest 7 (seven) business days as of the Board of Directors receives such corrective recommendation or advice from the Commissioners.

V.8.

Having an Internal Audit Unit that meets the requirements as referred to in the provision III.1.7. of this Rule.

V.9.

The Listed Company must make available documents relating to the implementation of the Independent Commissioner, the Audit Committee, or the Corporate Secretary activities in accordance with the provisions of this Rule.

V.10. In the event that the Exchange at any time requests for the reports or documents as referred to in the provision V.9. of this Rule, then the Listed Company must provide them not longer than 2 (two) Exchange Days upon receipt of the request.

VI.

TRANSFER OF BOARD VI.1.

Transfer of board may only be made from the Development Board to the Main Board.

VI.2.

The Exchange is authorized to conduct appraisal on the fulfillment of the requirements and the transfer of board from the Development Board to the Main Board.

VI.3.

Requirements of transfer of share Listing from the Development Board to the Main Board: VI.3.1.

has been conducting an operational activity in the same core business at least for the last 36 (thirty six) months;

VI.3.2.

the Audited Financial Statement obtain an Unqualified Opinion for the last 2 (two) financial years;

VI.3.3.

having a Net Tangible Asset pursuant to the latest Audited Financial Statement of at least Rp 100,000,000,000 (one hundred billion rupiah);

VI.3.4.

is not exposed under a condition and or occurrence and or lawsuit/legal case which has materially adverse effect to the going concern of the Listed Company.

VI.4.

Transfer of the Listing board shall be conducted by the Exchange every May.

VI.5.

Transfer of the Listing board shall be effective in accordance with the Exchange Announcement.

VII. SHARE LISTING FEE VII.1. Any Listed Company must pay an initial Listing fee on the initial Listing and an annual listing fee annually, and also a Listing fee for the additional shares for the additional listed shares. VII.2. Initial Listing Fee: VII.2.1. Initial Listing Fee shall be as follows: VII.2.1.1.

for the Main Board is determined at Rp1,000,000 (one million rupiah) for each multiplication of Rp1,000,000,000 (one billion rupiah) of the Share Capitalization Value, at minimum of Rp25,000,000 (twenty five million rupiah) and at maximum of Rp250,000,000 (two hundred fifty million rupiah).

VII.2.1.2.

for the Development Board is determined at Rp1,000,000 (one million rupiah) for each multiplication of Rp1,000,000,000 (one billion rupiah) of the Share Capitalization Value, at minimum of Rp25,000,000 (twenty five million rupiah) and at maximum of Rp150,000,000 (one hundred fifty million rupiah).

VII.2.2. In calculating the Share Capitalization Value as referred to in the provision VII.2.1. of this Rule, the multiplication of the Share Capitalization Value which is less than Rp1,000,000,000 (one billion rupiah) shall be rounded up to Rp1,000,000,000 (one billion rupiah). VII.2.3. In the calculation of the initial Listing fee, the price of share used to calculate the Share Capitalization Value of the Prospective Listed Company shall be as follows: VII.2.3.1.

for the Prospective Listed Company which is an Issuer, shall be calculated in accordance with the initial offering price.

VII.2.3.2.

for the Prospective Listed Company which is a Public Company, shall be calculated in accordance with a fair price determined by an independent party.

VII.2.3.3.

for the Prospective Listed Company which submits a relisting, shall be calculated in accordance with a fair price which determined by an independent party or in accordance with the closing price of the companyâ&#x20AC;&#x2122;s shares during the delisting of its shares from the Securities list at the Exchange, whichever is higher.

VII.2.4. Initial Listing fee for the Relisting of the companyâ&#x20AC;&#x2122;s shares is determined by referring to the provision VII.2.1. of this Rule. VII.3. Annual Listing Fee: VII.3.1. The annual shares Listing fee is determined to be Rp500,000 (five hundred thousand rupiah) for each multiplication of Rp1,000,000,000 (one billion rupiah) of the amount of recent Share Capitalization Value of the relevant Listed Company, provided that at least Rp50,000,000,000 (fifty million rupiah) and at maximum Rp250,000,000 (two hundred fifty million rupiah). 17

VII.3.2. In calculating an annual share Listing fee, then for a multiplication of the Share Capitalization Value which is less than Rp1,000,000,000 (one billion rupiah) shall be rounded up to Rp1,000,000,000 (one billion rupiah). VII.4. Payment of the Listing Fee: VII.4.1. The initial Listing fee shall be imposed 1 (one) time to the Prospective Listed Company on the approval of the application of the share Listing by the Exchange, and shall be paid at the latest 2 (two) Exchange Days prior to the stipulated listing date and send the payment receipt to the Exchange. VII.4.2. The annual Listing fee must be paid in advance by the Listed Company for a period of 12 months as of January to December. The annual Listing fee shall be received by the Exchange (good fund) at the Exchange bank account at the latest at the end of business day on January, with an exception for a Listed Company which has recently been listed: VII.4.2.1.

annual Listing fee shall be proportionally calculated, as of the month of the initial listing is conducted to December in the relevant year.

VII.4.2.2.

payment of the said annual Listing fee shall be conducted together with the initial listing fee at the latest 2 (two) Exchange Days prior to the proposed Listing date.

VII.4.3. The Listing fee as referred to in provisions VII.1., VII.2., and VII.3. of this Rule, plus Value Added Tax in accordance with the prevailing tax provisions. VII.4.4. Delay in payment of the initial Listing fee and the annual Listing fee from the limit of time as referred to in provisions VII.4.1. and VII.4.2 of this Rule shall be subject to 2% (two percent) penalty per month which proportionally calculated in accordance with the total days of the delay of the total outstanding fee.

Stipulated in On

: Jakarta : 20 January 2014

The Indonesia Stock Exchange Inc.

Ito Warsito President Director

Hoesen Director

ATTACHMENT I-A.1

Number Attachment

: :

(date/month/year)..…….

Director of Listing of The Indonesia Stock Exchange Inc. Indonesia Stock Exchange Building Jl. Jend.Sudirman Kav 52-53 Jakarta 12190 Attn.: Head of Listing Division Re: Preliminary Agreement on the Securities Listing Application Dear Sir/Madam, By this letter we apply for obtaining a preliminary agreement on the Securities Listing from the Indonesia Stock Exchange Inc. as one of our requirements to submit the Registration Statement to the Financial Services Authority in framework of Initial Public Offering. For your consideration, enclosed herewith we submit the documents and the information of the company as follows: I.

General : PT. ………………………………………. : ……………………………………….

1. Name of Company 2. Line of Business 3. Address Head Office

: …………………………………….... Phone: Fax.: E-mail: Website: ……………………………………… Phone: Fax.: E-mail:

Operational Location* (if any)

4. 5. 6. 7. 8.

Underwriter Nominal Value Estimated offering price Number of shares offered Number of shares to be listed

: : : : :

PT. ..………………………………… Rp. ………./shares Rp. ………./shares ………………….. shares ………………….. shares

II. Attachment to the submitted Document and Information: 1. Deed of Establishment/Articles of Association of Prospective Listed Company that have been validated by the competent authority and all amendments thereto and Certificate of Company Registration. 2. Organizational structure of the Prospective Listed Company up to the first level official under the Board of Directors. 3. Corporate Group Structure showing position of the Prospective Listed Company in the group (if any). 1

ATTACHMENT I-A.1

4. The latest curriculum vitae of each member of the Board of Directors and the Board of Commissioners signed by the person concerned. 5. Shareholders Register including number and percentage of their shareholding and any change therein for last 3 (three) years or since establishment of the company if less than 3 (three) years. 6. Register of share ownership and business relation which relates to the Board of Directors, the Board of Commissioners and their families either in the Prospective Listed Company or the affiliate of the Prospective Listed Company. 7. The Audited Annual Financial Statement for the last 3 (three) financial years and the latest Audited Interim Financial Statement (if any) or the Audited Financial Statement as of the commencement of the operational of the Prospective Listed Company whose operational period is less than 3 (three) years. 8. Brief history of the company. 9. Description of the company’s business activities. 10. Taxpayer Identification Number. 11. Analysis and discussion by management concerning business activities, performance and financial position. 12. Analysis of business risk and prospect. 13. Financial projection for a period of at least 3 (three) years including its assumptions except for the Prospective Listed Company engaging in a certain line of business as stipulated in the provision III.3.5.2. of this Rule, then presented until at least the Prospective Listed Company obtains operating profits and net profit. 14. The purpose of the use of funds received from a Public Offering, particularly for Prospective Listed Company intending to conduct Public Offering. 15. The total of shares which are offered and the estimated offering price, particularly for Prospective Listed Company intending to conduct Public Offering. 16. Copy of underwriting agreement in term of Public Offering between the Prospective Listed Company and an Underwriter, particularly for Prospective Listed Company intending to conduct Public Offering. 17. Description of the number of the Securities which are listed. 18. Dividend policies. 19. Transactions/agreements, receivables and payables to the affiliate (including amount and its conditions). 20. Receivables of the Prospective Listed Company which is secured by the affiliated party, and or third party’s payables or affiliated party’s payables which is secured by the Prospective Listed Company (if any). 21. Summary of contracts with material value. 2

ATTACHMENT I-A.1

22. Ratios of performance, operating, growth, liquidity and solvency. 23. A legal opinion from a Legal Consultant registered with the Financial Services Authority. 24. Payment receipt of registration fee of the listing application. 25. Appraisal report by the Appraisal registered at the Financial Services Authority (if any). 26. A copy of contract of Securities administration management with the Securities Administration Agency or a statement from the Prospective Listed Company if the Securities administration thereof is managed by itself. 27. Copy of license required by the competent Authority concerning the environmental impact assessment for the Prospective Listed Company. 28. Specifically for the Prospective Listed Company whose line of business is specifically stipulated in the Exchange Rule must submit the documents as set out in such Rule. 29. Copy of concession or management permits from the competent authority for the Prospective Listed Company whose line of business requires concession or management permit such as forest or toll road. 30. A statement letter that it has Independent Commissioner and Independent Director by completing a form which form and substance shall be in accordance with Attachment I-A.5.1. and Attachment I-A.5.2. of this Rule. 31. List of names of Audit Committee. 32. Name of Head of Internal Audit Unit. 33. A statement letter concerning the qualification fulfillment of the Board of Directors and the Board of Commissioners by completing a form which its form and substance shall be in accordance with Attachment I-A.6. of this Rule. 34. List of name and signature specimen of officer who is authorized to sign correspondences delivered to the Exchange. 35. A statement letter concerning responsibility for the accuracy of information provided to the Exchange and willingness to comply with the Exchange rules and the laws and regulations applicable to Capital Market signed by the Board of Directors of the Prospective Listed Company which its form and substance shall be in accordance with Attachment I-A.4. to this Rule.

Sincerely yours,

( ………………………….) President Director *)

Plant/mining location/plantation/forestconcession right (HPH)/etc.

ATTACHMENT I-A.2

PRELIMINARY SECURITIES LISTING AGREEMENT

This Agreement is entered into this day, ………………………., by the undersigned below: Indonesia Stock Exchange Inc.

: Domiciled in Jakarta, established under the Deed of Establishment Number 27 dated 4 December 1991 drawn up before Mrs. Poerbaningsih Adi Warsito, S.H., Notary in Jakarta, as amended and supplemented several times, the latest by Deed Number …………………., dated …………………., drawn up before …………………, Notary in Jakarta, in this case is represented by ………………….. in his/her capacity as President Director of The Indonesia Stock Exchange Inc., hereinafter referred to as the FIRST PARTY.

PT. …………………………….

: Domiciled in ………………., established under the Deed of Establishment Number ……………………. That then amended by Deed Number ………………. and has been published in the State Gazette of the Republic of Indonesia Number ……………. Supplement to the State Gazette of the Republic of Indonesia Number …. and lastly changed into Public Company by Deed Number ……. in this matter is represented by ……………………. in his/her capacity as the Director ……………………., hereinafter referred to as the SECOND PARTY.

The FIRST PARTY and the SECOND PARTY, jointly referred to as the Parties, firstly declare as follows: a. that the SECOND PARTY intends to list its shares that have been issued and paid-up in full at the Exchange of the FIRST PARTY, and the FIRST PARTY is willing to consider that matter; b. that to satisfy the provisions set forth in point 6.1 of the Rule IX.C.1 concerning Form and Content of A Registration Statement for a Public Offering (Decision of Chairman of the Capital Market and Supervisory Agency Number Kep-42/PM/2000 dated 27 October 2000), the Parties agree to enter into this Preliminary Securities Listing Agreement on the terms and conditions as follows:

ARTICLE 1 Share Listing at the Exchange The FIRST PARTY shall list the shares submitted by the SECOND PARTY at the Indonesia Stock Exchange Inc. on the following terms: 1. The application of the SECOND PARTY has been submitted in accordance and in compliance with the prevailing rules; and 2. Pursuant to the consideration and the result of evaluation performed by the FIRST PARTY, it is obtained a valuation that the SECOND PARTY is able to satisfy the requirements of listing referred to in the Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company, particularly in relation to:

ATTACHMENT I-A.2

a. The Registration Statement submitted to the Financial Services Authority has become effective. b. Minimum number of shareholders. c. Minimum number of shares owned by Non-Controlling and Non-Substantial shareholders.

ARTICLE 2 Placement on the Listing Board By taking into account provision II.2. of the Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company, the Exchange shall list the shares of the SECOND PARTY at the Exchange on the Main Board or the Development Board in accordance with satisfaction of initial listing requirements on each listing board in accordance with the Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company.

ARTICLE 3 Early Termination This Agreement shall terminate if within the term of this Agreement, the following has occurred: 1. The registration statement submitted to the Financial Services Authority has become ineffective. 2. The listing application of the SECOND PARTY has been approved by the FIRST PARTY and the stocks of the SECOND PARTY have been listed in the list of Stocks listed at the Exchange of the FIRST PARTY. 3. There is change in data and or material information that causes the Prospective Listed Company is no longer in compliance with the initial listing requirements at the Exchange of the FIRST PARTY as contemplated in the Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company.

ARTICLE 4 Term of Agreement This Agreement will be effective for 6 (six) months as of the date of execution and may be extended for maximum 6 (six) months, subject to approval of the Parties.

ARTICLE 5 Closing 1. The Parties agree to waive the provision of Article 1266 of the Civil Code of the Republic of Indonesian to the extent that a court judgment is required for the cancellation or termination of this Agreement. 2. This Agreement shall be made in 2 (two) originals, each having the same contents, on a duly stamped paper, and each shall have the same legal effect after it has been signed by the Parties.

ATTACHMENT I-A.2

In witness whereof, this Agreement was signed by the Parties through their authorized representatives of the Parties on the day, date and year as set forth in the preamble of this Agreement.

The Parties FIRST PARTY The Indonesia Stock Exchange Inc.

SECOND PARTY PT. …………………………

………………………. President Director

………………………. Director

ATTACHMENT I-A.3

Number Attachment

: :

(date/month/year)..…….

Director of Listing of The Indonesia Stock Exchange Inc. Indonesia Stock Exchange Building Jl. Jend.Sudirman Kav 52-53 Jakarta 12190 Attn.: Head of Listing Division Re: Shares Listing Application Dear Sir/Madam, By this letter we apply for listing of share of PT. …………………………………………………. For your consideration, enclosed herewith we submit the documents and the information of the company as follows: I.

General 1. Name of Company 2. Line of Business 3. Address Head Office

Operational Location* (if any)

4. 5. 6. 7. 8.

Underwriter Nominal Value Estimated offering price Number of shares offered Number of shares to be listed

: PT. ………………………………… : ……………………………………... : ……………………………………... Phone: Fax.: E-mail: Website: ……………………………………… Phone: Fax.: E-mail: : PT. ……….………………………… : Rp. ………./share : Rp. ………./share : ………………….. shares : ………………….. shares

ATTACHMENT I-A.3

5. Shareholder Register including number and percentage of their shareholding and any change therein for last 3 (three) years or since establishment of the company if less than 3 (three) years. 6. Register of share ownership and business relation which relates to the Board of Directors, the Board of Commissioners and their families either in the Prospective Listed Company or the affiliate of the Prospective Listed Company. 7. The Audited Annual Financial Statement for the last 3 (three) financial years and the latest Audited Interim Financial Statement (if any) or the Audited Financial Statement as of the commencement of the operational of the Prospective Listed Company whose operational period is less than 3 (three) years. 8. Brief history of the company. 9. Description of the company’s business activities. 10. Taxpayer Identification Number. 11. Analysis and discussion by management concerning business activities, performance and financial position. 12. Analysis of business risk and prospect. 13. Financial projection for a period of at least 3 (three) years including its assumptions except for the Prospective Listed Company engaging in a certain line of business as stipulated in the provision III.3.5.2. of this Rule, then presented until at least the Prospective Listed Company obtains operating profits and net profit. 14. The purpose of the use of funds received from a public offering, particularly for Prospective Listed Company intending to conduct Public Offering. 15. The total of shares which are offered and the estimated offering price, particularly for Prospective Listed Company intending to conduct Public Offering. 16. Copy of underwriting agreement in term of Public Offering between the Prospective Listed Company and an Underwriter, particularly for Prospective Listed Company intending to conduct Public Offering. 17. Description of the number of the Securities which are listed. 18. Dividend policies. 19. Transaction/agreements, receivables and payables to the affiliate (including amount and its conditions). 20. Receivables of the Prospective Listed Company which is secured by the affiliated party, and or third party’s payables or affiliated party’s payables which is secured by the Prospective Listed Company (if any). 21. Summary of contracts which have material value. 22. Ratios of performance, operating, growth, liquidity and solvency.

ATTACHMENT I-A.3

23. A legal opinion from Legal Consultant registered at the Financial Services Authority (if any). 24. Payment receipt of registration fee of the listing application. 25. Appraisal report by the Appraisal registered with at the Financial Services Authority (if any). 26. Copy of contract of Securities administration management with the Securities Administration Agency or a statement from the Prospective Listed Company if the Securities administration thereof is managed by itself. 27. Copy of license required by the competent Authority concerning the environmental impact assessment for the Prospective Listed Company. 28. Specifically for the Prospective Listed Company whose line of business is specifically stipulated in the Exchange Rule must submit provide the documents as set out in such Rule. 29. Copy of concession or management permits from the competent authority for the Prospective Listed Company whose line of business requires concession or management permit such as forest or toll road. 30. Statement letter that it has Independent Commissioner and Independent Director by completing a form which form and substance shall be in accordance with Attachment I-A.5.1. and Attachment I-A.5.2. of this Rule. 31. List of names of Audit Committee. 32. Name of Head of Internal Audit Unit. 33. A statement letter concerning the qualification fulfillment of the Board of Directors and the Board of Commissioners by completing a form which its form and substance shall be in accordance with Attachment I-A.6. of this Rule. 34. List of name and signature specimen of officer who is authorized to sign correspondences delivered to the Exchange. 35. A statement letter concerning responsibility for the accuracy of information provided to the Exchange and willingness to comply with the Exchange rules and the laws and regulations applicable to Capital Market signed by the Board of Directors of the Prospective Listed Company which its form and substance shall be in accordance with Attachment I-A.4. to this Rule. 36. Evidence that Registration Statement submitted to the Financial Services Authority has become effective. 37. Information on transparency of Public Company in number of 5 (five) counterparts in the form of hardcopy and 1 (one) softcopy. 38. Result of share appraisal by an Independent Party in term of determining the opening prices of share trading on the date of Listing and trading. 39. Copy of contract of Equity-Type Securities registration with KSEI. 40. Report of composition of shareholders in the form and substance as referred to in the Attachment I-A.8. of this Rule.

ATTACHMENT I-A.3

Sincerely yours,

President Director *) Plant/mining location/plantation/forest concession right (HPH)/etc.

ATTACHMENT I-A.4.

STATEMENT LETTER We, the undersigned: 1. Name Position 2. Name Position

: …………………………………………………….. : …………………………………………………….. : …………………………………………………….. : ……………………………………………………..

according to the Company’s Articles of Association are acting for and on behalf of PT. ………………………… , domiciled in …………………………. with: Address of head office No./Date of Business License No./Date of Certificate of Company Registration Tax Identification Number

: …………………………………………… : …………………………………………… : …………………………………………… : ……………………………………………

hereby do state that: 1. We have read and understood all rules and provisions prevailing in the Indonesia Stock Exchange. 2. We are willing to comply with the related rules issued by the Indonesia Stock Exchange Inc. and any other laws in the Capital Market Sector and the implementing rules thereof. 3. We are fully responsible for the accuracy of information and or material facts provided to the Exchange. This statement shall not be amended or revoked except with the approval of the Indonesia Stock Exchange Inc. In witness whereof this statement is duly made to be used as appropriate. ………………(date/month/year) ……..... PT …………………………………………. Board of Directors

Stamp duty Rp 6.000,-

(…………………………..) Full name, seal of company

ATTACHMENT I-A.5.1.

STATEMENT LETTER ON THE FULFILMENT OF REQUIREMENTS OF INDEPENDENT COMMISSIONER

We, the undersigned: Name

…………………………………………………………………

Position

…………………………………………………………………

Company’s Name

…………………………………………………………………

Company’s Address

…………………………………………………………………

Domicile (as per KTP or : other identity)

…………………………………………………………………

hereby do certify that the following persons: • •

Mr./Mrs. …………………. Mr./Mrs. …………………. etc. (if more than 1)

According to resolutions of the General Meeting of Shareholders dated …………………. are Independent Commissioners of the Company and meet the requirements as set out in the provision III.1.4. of Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company, namely: 1. Meet the requirements as set out in the Rule of Bapepam and LK Number IX.I.5. concerning Guidelines on Establishment and Working Implementation of Audit Committee. 2. Meet the minimum number of 30% (thirty percent) of members of Board of Commissioners of the Company. In witness whereof, I have made this letter based on true fact.

……. (date/month/year) …….

[Stamp duty]

Full name President Director PT. ……………

Full name Independent Commissioner PT. ……………

ATTACHMENT I-A.5.2.

STATEMENT LETTER ON THE FULFILMENT OF REQUIREMENTS OF INDEPENDENT DIRECTOR We, the undersigned: Name

: …………………………………………………………………

Position

: …………………………………………………………………

Company’s Name

: …………………………………………………………………

Company’s Address

: …………………………………………………………………

Domicile (as per KTP : ………………………………………………………………… or other identity) hereby do certify that Mr./Mrs. ……………………..who is Directors of the Company pursuant to resolutions of the General Meeting of Shareholders dated …………………. is Independent Director who meets the requirements as set out in the provision III.1.5. of Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company, namely: 1.

Does not have any affiliate relation with the Listed Company Controller for at least 6 (six) months prior to the appointment as Independent Director.

Does not have any affiliate relation with any Commissioner or Board of Director of the Prospective Listed Company.

Does not have any position as a member of Board of Directors in other company.

has not been an Insider in the Capital Market Supporting Institution or Profession whose service is used by the Prospective Listed Company for 6 (six) months prior to his appointment as Director

In witness whereof, I have made this letter based on true fact.

……. (date/month/year) …….

[Stamp duty] Full name President Director PT. ……………

Full name Independent Director PT. ……………

ATTACHMENT NUMBER I-A.6.

STATEMENT LETTER ON THE FULFILMENT OF QUALIFICATION REQUIREMENTS OF DIRECTORS AND COMMISSIONERS

We, the undersigned: Name

…………………………………………………………………

Position

…………………………………………………………………

Company’s Name

…………………………………………………………………

Company’s Address

…………………………………………………………………

Domicile (as per KTP or : other identity)

…………………………………………………………………

hereby do certify that each individual who is member of the current Board of Directors and Commissioners of PT. ……….………………….., namely: Directors Position President Director Director Director Director Director Independent Director

Name

Commissioners Position President Commissioner Commissioner Commissioner Commissioner Commissioner Independent Commissioner

Name

have met the requirements as set out in the provision III.1.9. of Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company. In witness whereof, I have made this letter based on true fact.

……. (date/month/year) ……. [Stamp duty]

Full name President Director PT. ……………………..

ATTACHMENT I-A.7

Number : Attachment :

(date/month/year)..…….

To: Director of Listing of The Indonesia Stock Exchange Inc. Indonesia Stock Exchange Building Jl. Jend.Sudirman Kav 52-53 Jakarta 12190

Attn.: Head of Listing Division

Re: Application for Stock Listing

Dear Sir/Madam, By this letter we apply for listing of stock of PT. ………………………………………………………. For your consideration, enclosed herewith we submit the documents and the information of the company as follows: I.

General 1. Name of Company 2. Line of Business 3. Address Head Office

Operational Location* (if any)

4. 5. 6. 7. 8. II.

Underwriter Nominal Value Estimated offering price Number of shares offered Number of shares to be listed

: PT. …………………………………….… : ……………………………………….

: ……………………………………... Phone: Fax.: E-mail: Website: ……………………………………… Phone: Fax.: E-mail: : : : : :

PT. ……………..…………………… Rp. ………./share Rp. ………./share ………………….. shares ………………….. shares

Attached Document and Information that are submitted: 1. Evidence that Registration Statement submitted to the Financial Services Authority has become effective. 2. Public Offering Prospectus at least 5 (five) counterparts in the form of hardcopy and 1 (one) softcopy.

ATTACHMENT I-A.7

3. Copy of agreement for registration of Equity-Type Securities with KSEI. 4. Report of Result of Allotment and Report of composition of stockholders following result of Public Offering in the form and substance as set forth in Attachment I-A.8. 5. Evidence of stocks distribution to stockholders through KSEI.

Sincerely yours,

President Director *) Plant/mining location/plantation/forest concession right (HPH)/etc.

ATTACHMENT NUMBER I-A.8

REPORT OF ALLOTMENT RESULT AND COMPOSITION OF STOCKHOLDERS

: : :

Applicant’s Name Type of Stock Report Date

A. ALLOTMENT RESULT*) 1. Result of Stock Subscription in the Public Offering: REMARKS Number of stock offered in the Public Offering Number of stock subscription Number of subscriber

NUMBER OF STOCK

2. Allotment Result: REMARKS

NUMBER OF STOCK

PERCENTAGE OF TOTAL ISSUE

NUMBER OF INVESTOR

Foreign individual Indonesian individual Foreign institution Indonesian institution Total stock in the Public Offering Total Stock Subscription 3. Number of stock listed at the Indonesia Stock Exchange: NO.

NAME OF STOCKHOLDER

NUMBER OF STOCK

NOMINAL VALUE

PERCENTAGE

1. 2. 3. 4.

Public Company’s management and employees TOTAL 4. Information on Stockholders a. Controlling Stockholders**) NO. NAME OF STOCKHOLDER 1. 2. TOTAL

NUMBER OF STOCK

NOMINAL VALUE

PERCENTAGE

b. Stockholders reach 5% or more**): NAME OF NO. STOCKHOLDER 1. 2. TOTAL

NUMBER OF STOCK

NOMINAL VALUE

c. Stockholding by the Companyâ&#x20AC;&#x2122;s Directors and Commissioners: NO. NAME OF NUMBER NOMINAL STOCKHOLDER OF STOCK VALUE 1. 2. TOTAL

PERCENTAGE

5. Special Program in the Public Offering (if any): a. Surplus Allotment Option by Controlling Stockholder/Incorporator b. Employee Stock Allocation (ESA) c. Price Stabilization d. Others

B. COMPOSITION OF STOCKHOLDERS NUMBER OF STOCKHOLDER

Securities Administration Agency

NUMBER OF STOCK OWNED 1-99 100-499 500-1000 1001-5000 5001-up Total

NUMBER OF STOCK

Company Director

*) Special for companies that conduct Public Offering **) If stockholder is a Legal Entity, it must attach a List of Controlling Stockholders or its equivalent (for Legal entity other than Limited Liability Company)

ATTACHMENT II Decision of the Board of Directors of The Indonesia Stock Exchange Inc Number : Kep-00001/BEI/ 01-2014 Date of Issue : 20 January 2014 Date of Effective : 30 January 2014

Rule Number I-A Concerning General Provisions on the Listing of Equity-Type Securities at the Exchange (Attachment to the Decision of the Board of Directors of the Jakarta Stock Exchange Inc. No. Kep-305/BEJ/07-2004 dated 19 July 2004 concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by the Listed Company)

Provision III.2.5 on the Requirements of Listing on Main Board III.2.5.

The total shares owned by minority shareholders after the Public Offering or a company that has been listed at another Stock Exchange or for Public Company that has not been listed at another Stock Exchange in the period of 5 (five) Exchange Days prior to the Listing application at least 100,000,000 (one hundred million) of shares or at least 35% (thirty five percent) of the paid in capital, whichever is lesser.

Provision III.3.6 on the Requirements of Listing on Development Board III.3.6.

The total shares owned by minority shareholders after a Public Offering or for a company that has been listed at another Stock Exchange or for Public Company that has not been listed at another Stock Exchange in the period of 5 (five) Exchange Days prior to the Listing application at least 50,000,000 (fifty million) of shares or at least 35% (thirty five percent) of the paid in capital, whichever is lesser.

Provision IV.1.3.27 on the documents and information that must be completed by the Prospective Listed Company that Conducts Public Offering (Issuer) IV.1.3.27. Particularly for the Prospective Listed Company whose line of business is mining industry: IV.1.3.27.1.

A statement letter concerning concession from the relevant authority;

IV.1.3.27.2.

A statement letter concerning work contract or a Mining Authority or a Regional Mining Permit from the relevant authority;

IV.1.3.27.3.

Supporting documents showing that the member of the Board of Directors has technical abilities and experiences in mining in accordance with the line of business of the company;

IV.1.3.27.4.

A statement letter from an independent party stating that the Prospective Listed Company has already owned a proven deposit or its equivalent to the type of its mining.

Provisions IV.2.3.24. on the documents and information that must be completed by the Prospective Listed Company originated from Public Company or listed at other Stock Exchange IV.2.3.24. Especially for the Prospective Listed Company whose line of business is in mining industry: IV.2.3.24.1.

A statement letter concerning concession from the relevant authority;

IV.2.3.24.2.

A statement letter concerning work contract or a Mining Authority or a Regional Mining Permit from the relevant authority;

IV.2.3.24.3.

Supporting documents showing that the member of the Board of Directors has technical abilities and experiences in mining in accordance with the line of business of the company;

IV.2.3.24.4.

A statement letter from an independent party stating that the Prospective Listed Company has already owned a proven deposit or its equivalent in accordance with its type of mining.

Provision V on the Requirements of the Listing of Additional Shares V.

REQUIREMENTS OF THE LISTING OF ADDITIONAL SHARES V.1.

V.2.

The listing of Additional shares derived from the Capital Increase without Preemptive Rights excluding ESOP/MSOP can be listed at the Exchange upon fulfillment of the following requirements: V.1.1.

The price of the new issued share implementation shall at least equal to the average closing price of the shares of the relevant Listed Company for 25 (twenty five) consecutive Exchange Days at the Regular Market prior to the Listed Company advertises an announcement concerning the summon of the General Meeting of Shareholders of the Listed Company which agenda concerning the capital increase Without A Pre-emptive Rights.

V.1.2.

The new issued share shall be a common stock which has the same right with a common stock of the Listed Company which has already been listed at the Exchange.

V.1.3.

In the event that the Listed Company issues shares with different classification as referred to in provision V.1.2. above, then the said shares shall be listed at the Exchange and traded at the Negotiable Market.

V.1.4.

The new issued shares cannot be traded at the Exchange at least 1 (one) year as of it is listed, with a purpose of protecting the interest of minority shareholders.

V.1.5.

In the event the new issued share as referred to in provision V.1.4. above is conducted through a public offering and or has different classification as referred to in provision V.1.3. above, the said shares can directly be traded at the Exchange as of the date of the listing as announced by the Exchange.

The listing of Additional shares derived from the ESOP/MSOP can be listed at the Exchange upon fulfillment of the following requirements:

V.3.

V.4.

V.2.1.

The Implementation Period of ESOP/MSOP shall be conducted at the most of 2 (two) times a year. The plan of the ESOP/MSOP implementation must be reported to the Exchange at the latest within 5 (five) Exchange days prior to the date of the ESOP/MSOP implementation.

V.2.2.

The price of the ESOP/MSOP implementation shall at least 90% (ninety percent) of an average closing price of the shares of the relevant Listed Company for 25 (twenty five) consecutive Exchange Days at the Regular Market prior to the report to the Exchange as referred to in provision V.2.1. above.

V.2.3.

The ESOP/MSOP has been approved by the General Meeting of Shareholders which agenda concerning the ESOP/MSOP.

The listing of Additional shares derived from the Capital Increase Through Pre-emptive Rights, Stock Split, Bonus share, stock Dividend, or shares resulted from the conversion of Equity-Type Securities Other Than Stock can be listed at the Exchange upon fulfillment of the following requirements: V.3.1.

The new issued share shall have similar classification as the main share.

V.3.2.

The theoretical price of share resulted from the issuance of the new share at least Rp 100.00 (one hundred), unless otherwise the Listed Company can convince the Exchange that by not taking a corporate action as referred to in provision V.3. can cause bad impact against the business of the Listed Company.

V.3.3.

The theoretical price as referred to in provision V.3.2. above shall be calculated in accordance with average closing price of the shares of the relevant Listed Company for 25 (twenty five) consecutive Exchange Days at the Regular Market prior to the Listed Company advertises an announcement concerning the summon of the General Meeting of Shareholders of the Listed Company which agenda concerning the Stock Split, issuance of a bonus share and/or dividend share, or issuance of Equity-Type Securities Other Than Stock.

In the event the Listed Company conducts a reverse stock, then it must observe the following matters: V.4.1.

to do or appoint other party as a stand-by buyer of the odd lot share (a share which total is less than 1 (one) unit share trading) which will occur as a result of the reverse stock implementation;

V.4.2.

to determine the shareholder register (DPS) who is entitled to participate in the purchase of the odd lot share as referred to in provision V.4.1 above at least 4 (four) Exchange Days after the Exchange announces the information disclosure concerning reverse stock implementation plan;

V.4.3.

the purchase period of the said odd lot share shall commence as of 1 (one) Exchange Day after the Exchange announces a report on the resolution of General Meeting of Shareholders pertaining to the reverse stock approval and shall take place at least for 5 (five) Exchange Days.

V.4.4.

The purchase price of the said odd lot share shall be the highest price amongst:

V.5.

V.4.4.1.

the highest closing price for the last 25 (twenty five) Exchange Days prior to the disclosure of information concerning the plan of the reverse stock implementation; or

V.4.4.2.

the price occurred at the purchasing as referred to in provision V.4.3. above.

Listing of Warrants V.5.1.

V.5.2.

A Listed Company intending to list its warrants must fulfill the following requirements: V.5.1.1.

the said warrants shall be issued by the Listed Company whose shares have been listed at the Exchange;

V.5.1.2.

each warrants which will be listed gives rights to its holder to purchase at least 1 (one) share;

V.5.1.3.

the price of the implementation of the rights on warrants shall be determined at the highest 125% (one hundred twenty five percent) of the closing price on the day the issuance of warrants is resolved by the GMS of the Listed Company.

The issuance of warrants agreement shall contain amongst other things the following provisions: V.5.2.1.

a handling of warrants which is not exercised until the due date;

V.5.2.2.

a protection of the warrants holder from the dilution which is caused by the decreasing of the share price as a result from the Corporate Action.

Provision VI on Procedures for the Additional Shares Listing VI.

PROCEDURES FOR THE ADDITIONAL SHARES LISTING VI.1.

Additional shares may originate from stock split, stock dividend, bonus share, the exercise of the Pre-emptive Rights, Capital Increase Without Pre-emptive Rights or shares as a result of the exercise of warrants, convertible bond, ESOP/MSOP or other conversion of Equity-Type Securities.

VI.2.

A Listed Company must submit information which relates to the plan of the issuance of the additional share to the Exchange on the same Exchange Day of the announcement of the said information to public.

VI.3.

A Listed Company must submit a listing application for the additional shares with the following procedures: VI.3.1.

for additional shares derived from the stock split, the listing application must be submitted at the latest 5 (five) Exchange Days prior to the announcement date of the trade schedule with the new nominal at the Exchange;

VI.3.2.

for additional shares derived from the dividend share and bonus share, the

listing application must be submitted at the latest 10 (ten) Exchange Days prior to the announcement date of the schedule of the issuance of the dividend share or bonus share at the Exchange;

VI.4.

VI.3.3.

for additional shares derived from the implementation of the Pre-emptive Rights, the listing application must be submitted at the latest 10 (ten) Exchange Days prior to the distribution date of the Pre-emptive Rights;

VI.3.4.

for additional shares derived from the Capital Increase Without The Preemptive Rights, the listing application must be submitted at the latest 10 (ten) Exchange Days prior to the date of the distribution of shares;

VI.3.5.

for additional share derived from the result of the implementation of warrants or convertible bond or ESOP/MSOP, the listing application must be submitted at the latest 10 (ten) Exchange Days prior to the date of the distribution of warrants or convertible bond or ESOP/MSOP.

An application as referred to in provision VI.3. above shall be attached by information and documents as follows: VI.4.1.

VI.4.2.

VI.4.3.

For the listing of additional shares derived from the stock split: VI.4.1.1.

The resolution of General Meeting of Shareholders approving the stock split;

VI.4.1.2.

The amendment to the Articles of Association which has been approved by the competent authority, if any;

VI.4.1.3.

A Company Registration Certificate from the competent authority.

For the listing of additional shares derived from the dividend share or bonus share: VI.4.2.1.

the total of additional shares;

VI.4.2.2.

the information concerning a dilution effect against another Equity-Type Securities Other Than Stock and convertible bond, if any;

VI.4.2.3.

a copy of a clarification letter from the Bapepam concerning the plan of the issue of the additional shares derived from the stock dividend and bonus share, if any;

VI.4.2.4.

a copy of the advertisement concerning the plan of the issuance of the additional shares derived from the dividend share and/or the bonus share;

VI.4.2.5.

an evidence of the GMSâ&#x20AC;&#x2122; result which resolves the issuance of additional shares derived from the dividend share and/or bonus share;

VI.4.2.6.

submit the amendments to the Articles of Association, if any.

In the event that all of the requirements and documents are fulfilled, the

Exchange will list the shares derived from the dividend share and/or bonus share at the latest on the same Exchange Day with the date of the distribution of the dividend share and bonus share to the shareholders. VI.4.4.

VI.4.5.

For the listing of shares which resulted from the implementation of the Preemptive Rights and the Capital Increase Without The Pre-emptive Rights: VI.4.4.1.

the total of shares;

VI.4.4.2.

evidence of registration statement which has become effective, if any;

VI.4.4.3.

evidence of the GMSâ&#x20AC;&#x2122; result which resolves the offering of the Pre-emptive Rights;

VI.4.4.4.

a prospectus of the limited public offering (the issuance of the Pre-emptive Rights) in a maximum of 3 (three) sets.

The Exchange shall list the share derived from the implementation of warrants, convertible bond or ESOP/MSOP, by way of Pre-Listing, provided as follows: VI.4.5.1.

The Pre-Listing of the share derives from the Pre-emptive Rights and warrants shall be effective on the same Exchange Day as of the commencement of the trading of the said Preemptive Rights and warrants.

VI.4.5.2.

The Pre-Listing of share derives from the convertible bond and ESOP/MSOP shall be effective in accordance with the Exchange Announcement concerning the Pre-Listing.

VI.5.

The Exchange shall announce the Pre-Listing share as referred to in provision VI.4.5. above at the latest 1 (one) Exchange Day prior to the trading of the Preemptive Rights, warrants, convertible bond.

VI.6.

The listing of additional shares derived from the Prelisting shares, either from the implementation of the Pre-emptive Rights, Capital Increase Without The Pre-emptive Rights or shares from the implementation of warrants, convertible bond, ESOP/MSOP or the implementation of other conversion of the Equity-Type Securities shall be effective as of the Exchange Announcement, after the Listed Company submits the following documents: VI.6.1.

For the share listing which resulted from the implementation of the Preemptive Rights, the Listed Company must submit an allotting report at the latest 10 (ten) Exchange Days as of the expiration of the allotting period.

VI.6.2.

For the share listing which resulted from the implementation of the ESOP/MSOP, the Listed Company must submit the implementation of ESOP/MSOP report at the latest 10 (ten) Exchange Days as of the date of the implementation of the ESOP/MSOP.

VI.6.3.

For the share listing which resulted from the implementation of warrants, the Listed Company must submit the implementation of warrants at the latest 10 (ten) Exchange Days as of the expiration of the date of the implementation of warrants.

VI.6.4.

For the share listing which resulted from the implementation of a convertible bond, the Listed Company must submit the report of the implementation of the convertible bond at the latest 10 (ten) Exchange Days as of the expiration of the date of the implementation of the bond.

Provision VIII.4. on Additional Shares Listing Fee VIII.4.

Additional Shares Listing Fee: VIII.4.1.

The listing fee of additional shares including which are conducted by a PreListing as referred to in provision II.5. above is determined at Rp 1,000,000 (one million rupiah) for each multiplication of Rp 1,000,000,000 (one billion rupiah) of the Share Capitalization Value, at least Rp 10,000,000 (ten million rupiah) and at maximum Rp 150,000,000 (one hundred fifty million rupiah).

VIII.4.2.

In calculating the Share Capitalization Value as referred to in provision VIII.4.1. above, then: VIII.4.2.1.

the multiplication of the Share Capitalization Value which is less than Rp 1,000,000,000 (one billion rupiah) shall be rounded up to Rp 1,000,000,000 (one billion rupiah);

VIII.4.2.2.

the share price that is utilized for calculating the Share Capitalization Value shall be the closing price of shares of the relevant Listed Company at the Regular Market 1 (one) Exchange Day prior to the date of approval of the additional shares listing.

Provision VIII.5.4. on Payment of Additional Shares Listing Fee VIII.5.4.

The initial listing fee of additional shares must be paid to the Exchange at the latest 1 (one) Exchange Day prior to the date of the intended listing.

Stipulated in On

: Jakarta : 20 January 2014

The Indonesia Stock Exchange Inc.

Ito Warsito President Director

Hoesen Director

DECISION OF THE BOARD OF DIRECTORS OF THE INDONESIA STOCK EXCHANGE INC.

Number Regarding

: :

Date of Issue Date of Effective Considering

: : :

In view of

Kep-00100/BEI/10-2014 Rule Number I-A.1. concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by the Company in the Field of Mineral and Coal Mining October 20, 2014 November 1, 2014 a. that the Indonesia Stock Exchange Inc. has issued the Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by the Listed Company (Attachment to the Decision of the Board of Directors of the Indonesia Stock Exchange Inc. Number Kep-00001/BEI/01-2014 dated January 20, 2014 concerning Amendment to the Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by the Listed Company); b.

that in order to encourage the development of mineral and coal mining industries in Indonesia and to provide protection to the investors, it is necessary to stipulate a special rule concerning listing of Stock and Equity-Type Securities other than Stock issued by companies engaged in the field of mineral and coal mining;

that based on the considerations as referred to in letter a and letter b above, it is considered necessary to stipulate rules related to the listing of Stock and Equity Securities other than Stock issued by companies in the field of mineral and coal mining in a Decision of the Board of Directors of the Indonesia Stock Exchange Inc.

: 1.

Law Number 8 of 1995 concerning Capital Market (State Gazette of 1995 Number 64, Supplement to the State Gazette Number 3608);

Government Regulation Number 45 of 1995 concerning the Implementation of the Capital Market Activities (State Gazette of 1995 Number 86, Supplement to the State Gazette Number 3617) as amended by Government Regulation Number 12 of 2004 (State Gazette of 2004 Number 27, Supplement to State Gazette Number 4372);

Bapepam Rule Number III-A.2 concerning Procedures for Rule-Making by Securities Exchange (Attachment to the Decision of the Chairman of Capital Market

Supervisory Agency Number Kep-03/PM/1996 dated January 17, 1996); 4.

Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by the Listed Company (Attachment to the Decision of the Board of Directors of the Indonesia Stock Exchange Inc. Number Kep-00001/BEI/ 01-2014 dated January 20, 2014 concerning Amendment to the Rule Number IA concerning Listing of Shares (Stock) and EquityType Securities Other Than (Stock) Issued by the Listed Company);

Letter of the Deputy Commissioner of Capital Market Supervisory II of the Financial Services Authority Number: S-158/PM.2/2014 dated October 15, 2014 concerning Approval upon the Draft of the Indonesia Stock Exchange Rule Number I-A.1. concerning Provisions on Listing Specifically for Prospective Listed Company in the Field of Mineral and Coal Mining. DECIDING:

To stipulate

Rule Number I-A.1. concerning Listing of Shares (Stock) and Equity-Type Securities Other Than (Stock) Issued by the Company in the Field of Mineral and Coal Mining, as set forth in the Attachment to this Decision.

Upon the enactment of the Rule Number I-A.1. concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by the Company in the Field of Mineral and Coal Mining, the provision IV.1.3.27. and provision IV.2.3.24. of the Attachment II to the Decision of the Board of Directors of the Indonesia Stock Exchange Inc Number: Kep00001/BEI/01-2014 dated January 20, 2014 concerning Amendment to the Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by the Listed Company, is declared to be inapplicable to the companies engaged in the field of mineral and coal mining.

Companies in the field of mineral and coal mining which have already listed on the Exchange (Listed Company) prior to the enactment of this Rule shall comply with the provision V.1. of the Rule Number IA.1. related to the director who meet the criteria as provided for in the provision III.1.5. of the Rule Number I-A.1. no later than July 1, 2015.

This Decision shall be effective as of the stipulation date.

Yours sincerely,

Ito Warsito President Director

Hoesen Director

Carbon Copy to the Honorable: 1. Chief Executive functioning as Capital Market Supervisor, Financial Services Authority 2. Deputy Commissioner of Capital Market Supervisor I, Financial Services Authority 3. Deputy Commissioner of Capital Market Supervisor II, Financial Services Authority 4. Department Head of Capital Market Supervisory 1A, Financial Services Authority 5. Department Head of Capital Market Supervisory 2A, Financial Services Authority 6. Department Head of Capital Market Supervisory 2B, Financial Services Authority 7. Director of Services Sector Companies Financial Assessment, Financial Services Authority 8. Director of Real Sector Companies Financial Assessment, Financial Services Authority 9. Director of Securities Transaction Supervision, Financial Services Authority 10. Director of Capital Market Regulation, Financial Services Authority 11. Board of Directors of the Indonesian Clearing and Guarantee Inc. 12. Board of Directors of the Indonesian Central Securities Depository Inc. 13. Board of Commissioners of the Indonesia Stock Exchange Inc.

ATTACHMENT Decision of the Board of Directors of the Indonesia Stock Exchange Inc. Number : Kep-00100/BEI/10-2014 Date of Issue : Oktober 20, 2014 Date of Effective : November 1, 2014

RULE NUMBER I-A.1. CONCERNING LISTING OF SHARES (STOCK) AND EQUITY-TYPE SECURITIES OTHER THAN STOCK ISSUED BY THE COMPANY IN THE FIELD OF MINERAL AND COAL MINING I.

DEFINITION In this Rule, the following terms shall mean:

II.

I.1.

Mining Major Revenue Contribution is revenue contribution of above 50% (fifty percent) from all Controlled Companies which are engaged in the field of mineral and coal mining, including mining business activities in the form of processing and refining (if any).

I.2.

Competent Person is an independent party which is registered with the professional organizations in the field of mining and or geology, which exercise its expertise based on standards established by the relevant authorities, or published by professional organizations either domestic or overseas.

I.3.

Controlled Company is Controlled Company as referred to in the Bapepam and LK Rule Number IX.E.1. concerning Transaction with Affiliated Parties and Conflict of Interest on Certain Transaction.

GENERAL PROVISIONS II.1.

II.2.

Prospective Listed Company as sets forth in this Rule are: II.1.1.

companies engaged in the field of mineral and coal mining business; or

II.1.2.

holding company which has Controlled Company which is engaged in the field of mineral and coal mining, and: II.1.2.1.

having Mining Major Revenue Contribution in the event that the holding company already has a consolidated revenue; or

II.1.2.2.

will obtain Mining Major Revenue Contribution based on the financial projections at the latest in the 4th (fourth) year in the event that the holding company has not had a consolidated revenue.

Prospective Listed Company as referred to in the provision II.1. of this Rule may submit Listing application if the Prospective Listed Company and or the Controlled Company of the Prospective Listed Company has obtained a Mining 1

Production Operation Permit or already has a Special Mining Production Operation Permit, and:

III.

II.2.1.

has implemented the sales stage;

II.2.2.

has carried out the production operation stage but has not reached the sales stage; or

II.2.3.

has not yet commenced the production operation stage.

II.3.

Prospective Listed Company in the field of mineral and coal mining which only has special permit to handle the transportation and sales activities as well as processing and refining is not included as the Prospective Listed Company as regulated in this Rule.

II.4.

In providing professional services as regulated in this Rule, the Competent Person shall maintain independence. The Competent Person is not independent if it falls in the conditions of not being independent as referred to in the Bapepam and LK Rule Number VIII.C.2. concerning Appraiser Independence in Conducting Business in Capital Market.

LISTING REQUIREMENTS III.1.

Prospective Listed Company which is engaged in the field of mineral and coal mining business as referred to in the provision II.1.1. of this Rule, must fulfill the following requirements: III.1.1.

Meeting all regulations stipulated by the relevant authorities in accordance with the type of mining business of the Prospective Listed Company.

III.1.2.

Meeting all requirements of initial Listing as referred to in the Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company, except: III.1.2.1.

The provisions III.2.5. and III.3.4. of the Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company are not applicable to the Prospective Listed Company that has implemented the sales stage as referred to in the provision II.2.1. of this Rule.

III.1.2.2.

The provisions III.2.5., III.3.2., III.3.4., III.3.5., and IV.1.2.13. of the Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company are not applicable to the Prospective Listed Company that has carried out the production stage but has not reached the sales stage, or that has not yet commenced the production operation stage, as 2

referred to in the provision II.2.2. and provision II.2.3. of this Rule. III.1.3.

Based on the latest Audited Financial Statements, the sum of Net Tangible Assets and deferred exploration costs, meet the following requirements: III.1.3.1.

at least Rp 100,000,000,000.- (one hundred billion rupiahs), for Main Board.

III.1.3.2.

at least Rp 5,000,000,000.- (five billion rupiahs), for Development Board.

III.1.4.

Having Mining Production Operation Permit, land use/utilization permit, and other permits related to the mining business from the relevant authorities.

III.1.5.

Having at least 1 (one) Director with the following conditions: III.1.5.1.

having a background education in engineering; and

III.1.5.2.

having work experience in managerial positions in the operations department with companies engaged in the field of minerals and coal mining, at least five (5) years within the last seven (7) years.

III.1.6.

Having proven reserves and probable reserves based on the Report of the Competent Person.

III.1.7.

Having a clear and clean certificate or other equivalent document on the mining permit from the Directorate General of Mineral and Coal or any other authorized agency stipulated by the Government of the Republic of Indonesia.

III.1.8.

Specifically for the Prospective Listed Company which has carried out the production operation stage but has not reached the sales stage as referred to in the provision II.2.2. and the Prospective Listed Company which has not yet commenced the production operation stage as referred to in the provision II.2.3. of this Rule shall comply with the following matters: III.1.8.1.

Having a Feasibility Study under the following conditions: III.1.8.1.1.

made no later than three (3) years prior to submitting listing application to the Exchange; and

III.1.8.1.2.

signed by the Competent Person.

III.2.

III.1.8.2.

Having a statement from the Competent Person stating that the information and data in the Feasibility Study are still valid and relevant, made no later than 1 (one) year prior to submitting listing application to the Exchange (if required).

III.1.8.3.

Having a permit to carry out the production operation stage from the relevant authorities at the prospect of mining area as referred to in the Feasibility Study as set forth in the provision III.1.8.1. of this Rule.

III.1.8.4.

Based on the financial projections of the Prospective Listed Company, at the latest at the end of the 4th (fourth) financial year after having been listed, the relevant company shall have obtained operating profits and net profits from the core business activity.

III.1.8.5.

Having a Business Feasibility Study Report from the Appraiser registered with the Financial Services Authority who provides an opinion on the business feasibility of the Prospective Listed Company.

III.1.8.6.

Having a work plan and budget for the implementation of mineral or coal mining business which has been submitted to the relevant authorities.

The Prospective Listed Company which is a holding company having Controlled Company which is engaged in the field of mineral and coal mining as referred to in the provision II.1.2. of this Rule shall meet the same requirements as the requirements for the listing of the Prospective Listed Company as referred to in the provision III.1. of this Rule with the following conditions: III.2.1.

The provisions III.1.2., III.1.3., and III.1.5. of this Rule shall be fulfilled by the Prospective Listed Company.

III.2.2.

The provisions III.1.1., III.1.4., III.1.6., and III.1.7. of this Rule shall be fulfilled by the Controlled Company of the Prospective Listed Company.

III.2.3.

Specifically for the Prospective Listed Company as referred to in the provisions II.1.2.2., II.2.2. and II.2.3. of this Rule, the Prospective Listed Company shall fulfill the following additional requirements: III.2.3.1.

Additional requirements which must be fulfilled by the Controlled Company of the Prospective Listed Company, which will provide the Mining Major Revenue Contributions to the revenues of the Prospective Listed Company until the 4th (fourth) year: III.2.3.1.1.

Having a Feasibility Study under the following conditions: 4

III.2.3.2.

III.2.3.1.1.1.

made no later than three (3) years prior to the listing application is submitted to the Exchange; and

III.2.3.1.1.2.

signed by the Competent Person.

III.2.3.1.2.

III.2.3.1.3.

Having a permit to carry out the production operation stage from the relevant authorities over the prospect area of mining as referred to in the Feasibility Study as set forth in the provision III.2.3.1.1. of this Rule, including production business permit for processing and refining (if any).

III.2.3.1.4.

Having a work plan and budget for the implementation of mineral or coal mining business which has been submitted to the relevant authorities.

Additional requirements which must be met by the Prospective Listed Company: III.2.3.2.1.

Based on the financial projection of the Prospective Listed Company, at the latest at the end of the 4th (fourth) financial year after having been listed, the relevant company shall have obtained operating profits and net profits from the core business activity.

III.2.3.2.2.

Having a Business Feasibility Study Report from the Appraiser registered with the Financial Services Authority who provide an opinion on the business feasibility of the Prospective Listed Company.

III.2.3.2.3.

The financial projection shall include financial projection of the Prospective Listed Company consisting of the consolidated financial projection and financial projection

for the entire Controlled Companies of the Prospective Listed Company.

IV. SECURITIES LISTING PROCEDURES IV.1. The Prospective Listed Company as referred to in the provision II.1. of this Rule shall apply for Securities Listing to the Exchange in accordance with the procedures as referred to in the Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company. IV.2. The application for listing as referred to in provision IV.1. of this Rule shall be supplemented with the following documents: IV.2.1. Copy of mining permits and related permits from the relevant authorities. IV.2.2. Copy of land use/utilization permit within the framework of mining (if needed). IV.2.3. Copy of other permits associated with mining business from the relevant authorities. IV.2.4. Curriculum Vitae of a Director who meets the requirements as referred to in provision III.1.5. of this Rule, and supplied with supporting documents. IV.2.5. Copy of report on resources and reserves that have been signed by the Competent Person. IV.2.6. Copy of valid registration certificate of the Competent Person. IV.2.7. Copy of clear and clean certificate or other equivalent document from the Directorate General of Mineral and Coal or any other authorized agency stipulated by the Government of the Republic of Indonesia which is still valid. IV.2.8. Statement of compliance with all Regulations stipulated by the relevant authorities in accordance with the type of mining business of the Prospective Listed Company. Such Written Statement shall be made in accordance with the format of Attachment I-A.1.1. to this Rule. IV.2.9. Specifically for Prospective Listed Company as referred to in provisions III.1.8. and III.2.3. of this Rule, it shall submit the following additional documents: IV.2.9.1. Copy of the Feasibility Study which has been signed by the Competent Person.

IV.2.9.2. Copy of permit to perform the prodution operation stage from the relevant authorities. IV.2.9.3. 5 (five)-year Financial Projections that among others contain the assumptions used and the utilization plan of proceeds from the public offering. IV.2.9.4. Business Feasibility Study Report from the Appraisers registered with the Financial Services Authority who gave an opinion on the business feasibility of the Prospective Listed Company. IV.2.9.5. Copy of the most recent work plan and annual expenses that has been submitted to the relevant authorities. IV.3. The Process of evaluation and approval for Securities Listing shall be conducted in accordance with the Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company.

SPECIAL OBLIGATIONS OF THE LISTED COMPANY IN THE FIELD OF MINERAL AND COAL MINING In the event that the listing of Securities of the Prospective Listed Company has been approved by the Exchange, then the company shall fulfill the provisions as a Listed Company in the field of mineral and coal mining as follows: V.1.

The prospective listed company shall be obliged to comply with the provisions to remain listed on the Exchange as provided for in Rule Number I-A concerning Listing of Shares (Stock) and Equity-Type Securities Other Than Stock Issued by Listed Company and the provision III.1.5. of this Rule.

V.2.

Specifically for a Listed Company which has carried out the production operation stage but has not reached the sales stage and the Listed Company which has not yet started its production operation stage, must submit the following information disclosure: V.2.1.

Monthly report on the realization of work plan of Production Operations. The report shall be submitted to the Exchange no later than the 12th (twelfth) day of the subsequent month until the Listed Company has carried out the stage of sales by completing the form, which its form and substance is in accordance with Attachment IA.1.2. to this Rule.

V.2.2.

Information relating to the progress of projections achievement must be submitted to be monitored by the Exchange, such information shall be submitted along with the submission of annual financial statements, the submission of which shall be made regularly every 1 (one) year until the 5th (fifth) year since the Company having been listed on the Exchange or until the Company has booked operating profits and net 7

profits, whichever is earliest by completing the form, which its form and substance is in accordance with Attachment I-A.1.3. to this Rule.

Stipulated in Date

: :

Jakarta October 20, 2014

PT Bursa Efek Indonesia

Ito Warsito President Director

Hoesen Director

ATTACHMENT NUMBER: I-A.1.1.

STATEMENT OF COMPLIANCE WITH THE REGULATIONS IN THE FIELD OF MINING BUSINESS

We, the undersigned: 1. Name Title 2. Name Title

: : : :

........................... ........................... ........................... ...........................

Pursuant to the Companyâ&#x20AC;&#x2122;s Articles of Association acting domiciled in ............ with: : Head Office Address No./Date of Business License (SIUP) : No./Date of Company Registration Certificate (TDP) : Taxpayer Registration Number (NPWP) :

for and on behalf of PT ............, ........................... ........................... ........................... ...........................

Hereby duly represent that: 1.

We have read and understood all rules and regulations stipulated by the relevant authorities in accordance with the type of mining business.

We are willing to comply with the relevant regulations issued by the relevant authorities in accordance with the type of mining business and all implementing regulations thereof.

We are fully responsible for the accuracy of all information and or material facts submitted.

This statement shall not be amended or revoked except with the approval of the Indonesia Stock Exchange Inc. In witness whereof this statement is duly made to be used as appropriate.

.....(date/month/year)..... PT .................. Board of Directors, stamp duty Rp 6.000,-

(......................) Full name, company seal

ATTACHMENT NUMBER: I-A.1.2.

MONTHLY REALIZATION REPORT PRODUCTION OPERATION WORK PLAN Name of Listed Company Type of Mining Business Month, Year

: : : Completion Progress Percentage

Description

Previous Year

Jan

Feb

Mar Apr

Land Clearance & Site Development Engineering Equipment Supply Civil Work Transportation & Custom Clearance Commissioning & Finishing Commercial Operation Note: - For the percentage, please fill in with the current actual data. - For the Completion Target, please fill in with the time target according to the phase

......... (date/month/year)........

Full name Director …………. PT ……………

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Completion Target

ATTACHMENT NUMBER: I-A.1.3.

FINANCIAL PROJECTION REALIZATION REPORT

Name of Listed Company Type of Mining Business Period*) Year

Name of Account

: : : : Percentage of Financial Projection Achievement within the Framework of Initial Listing

Explanation of the Company with respect to non-achievement of the Projection (achievement percentage is less than 100%)

Total Assets Total Liabilities Total Equity Attributable to Equity Owners of Parent Entity Revenues Gross Profit (Loss) Profit (Loss) Before Taxes Total Profits (Loss) During the Year Total Comprehensive Income During the Year Cash Flows from Operating Activities

Note: *) Period shall be filled in according to the reporting period of financial projection realization

......... (date/month/year)........

Full name Director…………. PT ……………

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK-017/LGL/BES/XI/2004 Dated November 25 2004)

No. Revision : 2.0

Status: Controlled

SECURITY LISTING RULES NUMBER I.A :

GENERAL RULES

SECURITY

LISTING

A. DEFINITION 1. 2.

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK-017/LGL/BES/XI/2004 Dated November 25 2004)

No. Revision : 2.0

k. l. m.

Status: Controlled

B. GENERAL PROVISIONS 1. 2.

3. 4.

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK-017/LGL/BES/XI/2004 Dated November 25 2004)

No. Revision : 2.0

Status: Controlled

(iii)

5. 6. 7. 8. 9. 10. 11. 12. 13. 14.

15. 16.

17.

18.

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK-017/LGL/BES/XI/2004 Dated November 25 2004) Status: Controlled

No. Revision : 2.0

19. 20.

Hindarmojo Hinuri K. Managing Director

Sugeng Rijadi Director

Page 4 of 8

PERATURAN PT BURSA EFEK SURABAYA NOMOR I.A.1 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK018/LGL/BES/XI/2004 dated November 25, 2004) No. Revision : 2.0

SECURITY LISTING RULES NUMBER I.A.1 :

Status : Controlled

PRELIMINARY SECURITY AGREEMENT

LISTING

A. GENERAL PROVISIONS 1. Before listing its Securities, an Issuer shall enter into Preliminary Security Listing Agreement (Preliminary Agreement] with the Exchange, except for Issuers or Public Companies, whose Registration Statements have become effective. 2. The Preliminary Agreement shall terminate as of the date of Security Listing on the Exchange or if either of the Parties terminates the agreement or upon the lapse of period of 180 (one hundred and eighty] days since the date of the last audited Financial Statement . 3. If, upon the lapse of the period of 180 (one hundred and eighty) days as of the date of the last audited Financial Statement , the Declaration of Effectiveness has not been issued by Bapepam, the Issuer must renew the required documents and reenter into Preliminary Agreement with the Exchange. 4. In case that the Issuerâ&#x20AC;&#x2122;s Registration Statement has not been effective and changes or additions are made to the submitted documents, the Issuer shall submit the changes and or addition to the documents at the latest 5 (five) Exchange Days since the date of the changes and or additions. 5. In case that the changes and or additions to the documents as referred to in Point A number 4 hereof result in the condition as contemplated in Security Listing Rules Number I.A letter B number 4.b, the Exchange may revoke Preliminary Agreement that has been executed by giving written notice to the Issuer and Bapepam at the latest 5 (five) Exchange Days after the date of receipt by the Exchange of changes or additions to the documents . 6. Form of Appendix I.A.1-2 shall be submitted to the Exchange in hard copy and soft copy in diskette or via e-mail, and any attachments to the Form shall be submitted in hard copy. 7. In case of any differences between the Form in hard copy and that in soft copy, the Form in hard copy shall prevail. 8. In case that the Securities to be listed are Debt Securities, the Exchange may require an escrow account for the payment of Issuersâ&#x20AC;&#x2122; obligations to holders of Debt Securities and or the establishment of sinking fund. 9. The Exchange shall have the right to refuse Preliminary Agreement if the Issuer does not fulfill provisions of listing rules or fails to provide such information or document as requested by the Exchange. B. PROCEDURE OF PRELIMINARY SECURITY LISTING AGREEMENT PROPOSAL 1. The Issuer shall submit to the Exchange a written request in the form of Appendix I.A.1-1, along with the Form of Appendix I.A.1-2 hereof enclosed in a separate folder. 2. The Preliminary Agreement shall be in the form of and with the substance of Appendix I.A.1-3 hereto. 3. Any Issuer that are subject to special provisions of the in this Security Listing Rules shall be obliged to fill in such forms other than that referred to in Letter B number 1 hereof and or to furnish additional information in accordance with Security Listing Rules. 4. The Exchange shall examine and evaluate the completeness of the documents submitted by the Issues for the purpose of Preliminary Agreement and Security Page 1 of 7

PERATURAN PT BURSA EFEK SURABAYA NOMOR I.A.1 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK018/LGL/BES/XI/2004 dated November 25, 2004) No. Revision : 2.0

Status : Controlled

Listing. 5. In case of incomplete documents, the Exchange may postpone the execution of Preliminary Agreement until complete documents are received. 6. Prior to the execution of the Preliminary Agreement, the Exchange shall hold a hearing with the Issuer and the supporting professionals and institutions, unless otherwise specified by the Exchange. 7. The Preliminary Agreement shall be executed no later than the 10th (the tenth) Exchange Day after the receipt by the Exchange of complete documents or on such other date as agreed upon by the Issuer and the Exchange. 8. On the basis of the evaluation of the Issuerâ&#x20AC;&#x2122;s documents, the Exchange may postpone or refuse the request for Preliminary Agreement execution. 9. In case that the Exchange postpones or refuses the requested execution of Preliminary Agreement, the Exchange shall give written notice to the Issuer of the postpone or refusal of the Preliminary Agreement execution no later than on the 10th (the tenth) Exchange Day after the receipt by the Exchange of complete documents . Issued in

Surabaya

Date

November 25, 2004

PT Bursa Efek Surabaya

Hindarmojo Hinuri K. President Director

Sugeng Rijadi Director

Page 2 of 7

PERATURAN PT BURSA EFEK SURABAYA NOMOR I.A.1 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK018/LGL/BES/XI/2004 dated November 25, 2004) No. Revision : 2.0

Status : Controlled

APPENDIX I.A.1-1 TO RULES NUMBER I.A.1: PRELIMINARY SECURITY AGREEMENT Number : ................. Attachment : ................. .........................,................... 20..... To President Director of PT Bursa Efek Surabaya .................................................. Re : Preliminary Security Listing Agreement

LISTING

Dear Sir, I, the undersigned: Name : ................................ Position : ................................ For and on behalf of: Company : PT .......................... Address :................................. Taxpayer Number : ................................ hereby apply to enter into Preliminary Stock Listing Agreement in the form of ................., in order to meet the requirementys as prescribed in in Bapepam Rules Number IX.C.1 on Guidelines of Form and Substance of Registration Statement for the Purpose of Public Offering. For your consideration, I herewith submit the Preliminary Security Listing Agreement in the form and with substance of Appendix I.A.1-2 to Security Listing Rules of PT Bursa Efek Surabaya. Thank you for your attention. Sincerely Yours, Board of Directors of PT ………………………….. (……………………………………….) (signature & full name) carbon copy: - Chairman of Bapepam (without attachment)

Page 3 of 7

PERATURAN PT BURSA EFEK SURABAYA NOMOR I.A.1 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK018/LGL/BES/XI/2004 dated November 25, 2004) No. Revision : 2.0

Status : Controlled

APPENDIX I.A.1-2 TO RULES NUMBER I.A.1: SECURITY LISTING PRELIMINARY AGREEMENT FORM OF PRELIMINARY SECURITY LISTING AGREEMENT I. DESCRIPTION OF COMPANY OR ISSUER: 1. Name of Company 2. Line of Business 3. Complete Address/Domicile Head Office Factory (if any) Number of Branches and Representatives (if any) 4. Status of Company (Foreign Investment/ Domestic Investment/non-facility) : 5. Shareholding by Foreign and National Persons - Foreign : ……Shares (….…….%) - National (accompanied with the Register of Shareholders that hold 5% or more of Paid-in Capital and description of their positions in the management and ownership of the company) 6. Company’s Capitalization Structure 7. Register of members of Board of Commissioners and Board Directors together with the deed evidencing their appointment 8. Names of Independent and Unaffiliated Members of Board of Commissioners and or Board of Directors 9. Brief history of Company together with the Company’s Deed of Incorporation and any amendments thereto 10. Audited Financial statements of the last 3 (three) years or since its incorporation and Interim Financial Statement (if any) Accountant, which at least includes - Trade Receivables - Receivables from Affiliated parties - Investment - Total Current Assets - Total Fixed Assets - Total Assets - Total short-Term Liability - Total Long-Term Liability - Paid-in Capital - Equity - Retained Earnings - Sales - Operating Earnings - Income (other expenses) - Net profit - Income tax 11. Short Description of business activities 12. Position of Company in the group (if any)

: : : : :

: : ……Shares (………..%)

: : : :

: : Page 4 of 7

PERATURAN PT BURSA EFEK SURABAYA NOMOR I.A.1 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK018/LGL/BES/XI/2004 dated November 25, 2004) No. Revision : 2.0

Status : Controlled

13. 14.

Business Risks : Description of Environmental Impact Assessment (AMDAL) (if any) : II. DESCRIPTION OF PUBLIC OFFERING AND SECURITIES TO BE LISTED 15. Type of Offered Securities : (shares/debt securities/warrants/shares and warrants/mutual fund/convertible securities/ or other securities [if any]) 16. Name of Offered Securities : 17. Total Value of Issuance (in rupiah or foreign currency) : 18. Number of Offered Securities : 19. Nominal value of Securities (Shares) or transfer unit (Debt Securities) : 20. Securities Offer Price (if any) : 21. Funds use plan : 22. Only for Debt Securities: - Annual Remuneration of Board of Commissioners and Board of Directors : - Summary of Audit findings/Management : Letter - Projection of Financial Statement for the : next 5 (five) years, including Balance Sheet, Statement of Income, Cash Flow Report - Security Rating (if any) : - Draft Trust Agreement (for Debt Securities) : - Legal Opinion from Legal Consultant : registered with Bapepam - Deposit (if any) : - Sinking Fund (if any) : - Escrow Account (if any) : - Interest Rate a. Flat; b. Floating; c. Flat & Floating. - Other description of Debt Securities (if any) : 23. Tentative Schedule a. Registration Statement b. Public Expose c. Offer Period d. Security Allotment e. Distribution f. Security Listing on the Exchange III. DESCRIPTION OF LEAD UNDERWRITER AND SUPPORTING PROFESSIONALS 24. Name of Lead Underwriter and : Underwriter (if any) 25. Name of Supporting Institution and : Professional(s) 26. Type of Guarantee (including percentage) : A. Full Commitment B. Best Effort ...................., ....................20.................... Board of Directors of PT ..................... Page 5 of 7

PERATURAN PT BURSA EFEK SURABAYA NOMOR I.A.1 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK018/LGL/BES/XI/2004 dated November 25, 2004) No. Revision : 2.0

Status : Controlled

(........................................) (signature and full name) APPENDIX I.A.1-3 TO THE RULES NUMBER I.A.1: PRELIMINARY STOCK LISTING AGREEMENT PRELIMINARY SECURITY LISTING AGREEMENT On this day, the …………….. day of …………………………………………………. (……….) in …………………………: I.

PT Bursa Efek Surabaya :

II. PT …………………… :

having its domicile in Surabaya, established by virtue of Notarial Deed No. 73 dated March 30, 1989 passed before Mrs. Kartini Muljadi SH, Notary Public practicing in Jakarta and approved by the Minister of Justice of the Republic of Indonesia as evidenced from the Decree No. C2-5101.HT.01.01.Th.89 dated June 12, 1989, the Articles of Association of which have been amended from time to time, with the last amendments being set out in the deed Number ………..……….. dated…………………., passed before ……………………………………, Notary Public practicing in …………………………….. and approved by the Minister of Justice of the Republic of Indonesia as evidenced from the Decree No………………………….. dated ……………………………, in this case represented by ……………………………………. in his/her capacity as President Director/Director, hereinafter referred to as the Exchange, and having its domicile in ……………., established by virtue of Notarial Deed No. ………………. Passed before ……………………..…. on ………………………and approved by the Minister of ………………………………………. As evidenced from the Decree No. …………………………… dated……………………..., the Articles of Association of which have been amended from time to time with the last amendments being set out in the deed Number ………..……….. dated…………………., passed before ……………………………………, a Notary Public practicing in …………………………….. and approved by the Minister of ……………………………………………………… as evidenced from the Decree No………………………….. dated ……………………………, in this case represented by ……………………………………. in his/her capacity as the President Director/Director, hereinafter referred to as the Issuer,

agree to enter into Preliminary Security Listing Agreement (“the Agreement”) in connection with the Issuer’s intention to list ………………………… (Shares/Shares with Warrants/Shares with Convertible Securities/Debt Securities/ Debt Securities with Warrants/Mutual Fund/Asset-Backed Securities *) with total value of Rp ………………… (………………………………………..) on the Surabaya Stock Exchange, under the following terms and conditions: Page 6 of 7

PERATURAN PT BURSA EFEK SURABAYA NOMOR I.A.1 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK018/LGL/BES/XI/2004 dated November 25, 2004) No. Revision : 2.0

Status : Controlled

Article 1 The Exchange shall consider the Issuer’s intention only if the Issuer has satisfied the following requirements: 1. Having obtained declaration of effectiveness; 2. Public Offering has been completed in accordance with the prevailing rules (if through Public Offering); 3. Satisfying and complying with requirements and procedure of Security Listing on the Exchange. The Issuer shall submit to the Exchange the application for the Listing of ………………………… (Shares/Shares with Warrants/Shares with Convertible Securities/Debt Securities/Debt Securities with Warrants/ Mutual Fund *) together with documents required by the Exchange at the latest 8 (eight) Exchange Days before the Listing date. Article 2 In case that the Issuer has not yet obtained Declaration of Effectiveness and changes and or additions are made to the documents that have been submitted, the Issuer shall submit the changes and or additions at the latest 2 (two) Exchange Days since the date of such changes and or the additions. Article 3 The Agreement shall terminate if: 1. The Issuer’s securities have been listed on the Exchange; 2. Either of the Parties hereto terminates the Agreement; 3. The Agreement has been in effect for more than 180 (one hundred and eighty) days since the date of the last audited Financial Statement. Article 4 In case the period as referred to in Article 3 number 3 above has been elapsed but Declaration of Effectiveness has not been issued by Bapepam, the Issuer must renew the required documents and reenter into Preliminary Security Listing Agreement with the Exchange. Article 5 Any matters that have not yet been provided for herein shall be resolved later in a separate agreement. In witness whereof, this Agreement is entered into on the day and date first written above in 2 (two) counterparts, each of which being duly stamped and having equal legal force. PT Bursa Efek Surabaya PT Bursa Efek Surabaya __________________________ President Director/Director *) strike where unnecessary

__________________________ President Director/Director

Page 7 of 7

REGULATION OF PT BURSA SURABAYA NUMBER I.A.2

EFEK

(Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK-019/LGL/BES/XI/2004 Dated November 25, 2004) No. Revision : 2.0 Status : Controlled

SECURITY LISTING RULES NUMBER I.A.2 : INITIAL SECURITY LISTING A. An issuer that has executed Preliminary Security Listing Agreement (PSLA) PPPE and or that has obtained Declaration of Effectiveness from Bapepam shall submit to the Exchange an application for security listing before the listing date. B. The listing application shall be accompanied with documents in accordance with the type of securities that will be listed, as provided for in the Listing Rules and a statement letter made in the form of Appendix I.A.2-1 hereto. C. The security listing application as referred to in letter A hereof shall be made on the basis of the type of Securities that will be listed. D. The Exchange shall notify the Issuer of incompleteness of required documents at the latest 2 (two) Exchange Days after the security listing application is received by the Exchange. E. The Issuer shall submit the additional document as required to the Exchange at the latest 2 (two) exchange Days after the date of notice by the Exchange of incomplete documentation is received by the Issuer. F. The Issuer shall pay and deposit initial listing fee in accordance with the provisions of Security Listing Rules Number I.A.5 on Initial Listing Fee and Value-Added Tax (VAT) to the Exchangeâ&#x20AC;&#x2122;s account at the latest 3 (three) Exchange Days before the listing date. Page 1 of 2

REGULATION OF PT BURSA SURABAYA NUMBER I.A.2

EFEK

(Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK-019/LGL/BES/XI/2004 Dated November 25, 2004) No. Revision : 2.0 Status : Controlled

G. The Exchange may postpone or refuse the Issuerâ&#x20AC;&#x2122;s Security listing application in case that the Issuer fails to submit additional required document and or to deposit initial listing fee and VAT as referred to in letters E and F hereof. H. The Exchange shall issue Security Listing Approval Letter to the Issuer at the latest 2 (two) Exchange Days after the Issuer submits complete documents as referred to in provisions of letter E hereof and deposits initial listing fee as referred to in provisions of letter F hereof. I. In case that the Issuer withdraws its intention to make security listing and it has deposited initial listing fee, the Exchange shall refund the fee to the Issuer at the latest 5 (five) Exchange Days after the receipt of the cancellation letter. J. The Exchange shall announce Security Listing at the latest 1 (one) Exchange Day after the Security Listing Approval letter is issued to the Issuer. Issued in : Surabaya Date : November 25, 2004 PT Bursa Efek Surabaya

Hindarmojo Hinuri K. President Director

Sugeng Rijadi Director

Page 2 of 2

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.3 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK020/LGL/BES/XI/2004 dated November 25, 2004)

No. Revision : 2.0

Status: Controlled

SECURITY LISTING RULES NUMBER I.A.3 :

REPORTING OBLIGATION OF THE ISSUERS

Issuers shall submit to the Exchange such reports as follows: A. PERIODIC REPORTS Periodic reports that shall be provided by Issuers to the Exchange shall include: 1. Annual Report: Annual Report shall be submitted as provided for point 2 of Regulation of Capital Market Supervisory Agency (Bapepam) Number VIII.G.2 on Annual Report with the following conditions: a. For Issuers of Shares, annual report shall be submitted to the Exchange at the latest 14 (fourteen) days before Annual General Meeting of Shareholders; b. For Issuers of Debt Securities, annual report shall be submitted to the Exchange at the latest 5 (five) months after the end of fiscal year. 2. Periodic Financial Statement: a. Periodic financial statements contemplated hereby shall be annual financial statement and semi-annual financial statement; b. The substance of annual and semi-annual financial statement as referred to in stipulation Letter A number 2.a hereof shall be in accordance with Bapepam Regulation Number VIII.G.7 on Financial Statement Presentation Guideline; c. Financial statement shall be submitted to the Exchange in hard copy as many as 3 (three) exemplars and in soft copy in diskette or via e-mail in accordance with decision of the Exchange. d. In case that there is any difference between Financial Statement in hard copy and that in soft copy, the Financial Statement in hard copy shall prevail; e. Annual Financial Statement: Annual Financial Statement shall be submitted in accordance with the provisions of Bapepam Regulation Number X.K.2 on the Obligation to Submit Periodic Financial Statements on the following conditions: 1) Annual financial statement shall be submitted to the Exchange at the latest by the end of the third month after the end of fiscal year. 2) Annual financial statement shall have been audited by Public Accountant registered with Bapepam. f. Semi-Annual Financial Statement: Semi-annual financial statement shall be submitted to the Exchange in accordance with Bapepam Regulation Number X.K.2 on the Obligation to Submit Periodic Financial Statement on the following conditions: 1) At the latest by the end of the first month after the end date of the half of the fiscal year, if not accompanied with report from Public Accountant registered with Bapepam; Page 1 of 9

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.3 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK020/LGL/BES/XI/2004 dated November 25, 2004)

No. Revision : 2.0

Status: Controlled

2) At the latest by the end of the second month after the end date of the half of the fiscal year if accompanied with report from Public Accountant registered with Bapepam for the purpose of limited review; 3) At the latest by the end of the third month after the end date of the half of the fiscal year, if accompanied with report from Public Accountant registered with Bapepam that provides an opinion about the authenticity of Financial Statement in its entirety. g. The Exchange may request Issuer to submit Quarterly Financial Statement. The statement shall at least consist of a balance sheet, statement of income, statements of changes in equity, and statements of cash flows. 3. For Issuers of Mutual Funds only, they shall submit Net Asset Value Statement in accordance with Bapepam Regulation Number IV.A.3 on Management Guideline of Mutual Fund in the Form of Company at the latest at 09.00 a.m. Indonesian Western Zone Time on the first Exchange Day every week, the valuation of which is in accordance with Bapepam Regulation Number IV.C.2 on the Fair Market Value of Securities in Mutual Fund Portfolio. 4. The Exchange shall announce and or publish Issuerâ&#x20AC;&#x2122; s Financial Statement at the latest 1 (one) next Exchange Day after the receipt of the Financial Statement from Issuer. B. INCIDENTAL REPORTS 1.

Any material events, information or facts that may affect the value of Securities and or investment decision of investors shall be reported in writing to the Exchange at the latest by the end of the second exchange day as of the occurrence date, and shall include among others: a. Reports that must immediately be disclosed to the public in accordance with Bapepam Regulation Number X.K.1 regarding information that Must be Disclosed to the Public; b. Report from any Issuer against which Bankruptcy Petition is being filed in accordance with Bapepam regulation Number X.K.5 regarding Transparency of Information about any Issuer or Public Company against which Bankruptcy Petition is being filed; c. Report on the Resolutions of General Meeting of Shareholders (Shareholders Meeting) and General Meeting of Bondholders (Bondholders Meeting); d. Report on changes in the Membership of Board of Directors and or of Board of Commissioners of Company; e. Report on change of Corporate Secretary; f. Report on changes in Issuersâ&#x20AC;&#x2122; address including information about opening and or closing of offices or business operation places; g. Report on changes in Securities Administration Agencies (if any); Page 2 of 9

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.3 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK020/LGL/BES/XI/2004 dated November 25, 2004)

No. Revision : 2.0

2. 3. 4. 5.

7. 8.

Status: Controlled

h. Information that may be required by the Exchange in connection with Unfair Trade of Issuer’s Security in accordance with the Exchange Regulation. Report on changes in the structure of the holding of particular shares in accordance with Bapepam regulation Number X.M.1 regarding Transparency of Information about Holders of Particular Shares. Report on Buyback of Shares issued by Issuers in accordance with Bapepam Regulation Number XI.B.2 regarding Buyback of Shares Issued By Issuer or Public Company. Report on Issuer’s Financial Problem Solving in accordance with Bapepam Circular Number SE-05/PM/1998. Any Proposal on the Holding of General Meeting of Shareholders (Shareholders Meeting] and General Meeting of Bondholders (Bondholders Meeting] shall be reported in writing to the Exchange at the latest 3 (three) Exchange Days before the date of newspaper-advertised notice to shareholders or bondholders, which shall at least indicate: a. Place; b. Date of Shareholders Meeting/Bondholders Meeting; c. Agenda; d. Closing date of register of Shareholders or Bondholders that have the right to attend Shareholders Meeting/Bondholders’ Meeting; e. Draft of daily newspaper-advertised notice. Any Amendments to Articles of Association shall be reported writing to the Exchange at the latest 5 (five) Exchange Days as of the date on which the amendments to Articles of Association have been approved by or reported to Department of Justice and or have been recorded in the register kept by the regulatory body authorized to administer Statutory Registration of Companies. Information on proposed Public Expose shall be reported in writing to the Exchange at the latest 1 (one) Exchange Day before the Public Expose date. For Issuers of Bonds only, reports that shall be given include among others: a. Report on exercise of right of put option or call option at the latest 2 (two) Exchange Days as of the exercise date. b. Report on conversion of Convertible Bonds at the latest 2 (two) Exchange Days as of the conversion date; c. Report on the exchange of exchangable bonds at the latest 2 (two) Exchange Days as of the exchange date; d. Amendment to Trustee Agreement at the latest 5 (five) Exchange days since the last amendment is approved by the Notary Public; e. Plan of buyback at least 2 (two) Exchange Days before buyback date; f. Report of buyback at least 2 (two) Exchange Days after buyback date. Issuers shall submit written information on fund availability for settlement of Debt Securities no sooner than 3 (three) months and no later than 10 (ten) Exchange Days before the debt securities are due. Page 3 of 9

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.3 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK020/LGL/BES/XI/2004 dated November 25, 2004) Status: Controlled

No. Revision : 2.0

10. In case of failure to comply with the provisions of Letter B number 9 above or that the Issuer gives written information that it has not been able to provide funds for settlement of the Debt Securities when they are due, the Exchange will still list the debt Securities, unless otherwise decided by a General Meeting of Bondholders (Bondholders Meeting). 11. Investment Manger shall submit written information on fund availability for settlement of Asset-Backed Securities no sooner than 3 (three) months and no later than 10 (ten) Exchange Days before the Asset-Backed Securities are due. 12. In case of failure to comply with the provisions of Letter B number 11 above or that Investment Manager gives written information that the funds for Asset-Backed Securities settlement have not been available when they are due, the Exchange will still list the Asset-Backed Securities. 13. As the Debt Securities and the Asset-Backed Securities as referred to in Letter B numbers 10 or 12 hereof are listed, any and all of the obligations provided for in the listing rules shall apply to the Issuer or Investment Managers. 14. The Exchange shall announce and or publish Issuersâ&#x20AC;&#x2122; Incidental Reports on the same Exchange Day upon receipt of the Reports from the Issuer. Issued in Date

: :

Surabaya November 25, 2004

PT Bursa Efek Surabaya

Hindarmojo Hinuri K. President Director

Sugeng Rijadi Director

Page 4 of 9

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.4 Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK-019/LGL/BES/IX/2002 Dated September 12, 2002

No. Revision : 1.0

Status: Controlled

SECURITY LISTING RULES NUMBER I.A.4 : HEARING A. GENERAL PROVISIONS 1. Hearing may be held at the request of the Exchange or of an Issuer in case: a. The Exchange is in need of explanation for the purpose of information transparency or for the fulfillment of the Issuerâ&#x20AC;&#x2122;s other obligations; b. The Issuer files an objection toward the Security Halting or Delisting proposed by the Exchange; c. The Issuer intends to give explanations for the purpose of information transparency or in light of any important events. 2. If the Hearing is held at the request of the Exchange due to doubt about the information and or reports given by an Issuer, the Exchange may appoint and ask for information, explanation and opinion from a third party that is independent and not affiliated to the said Issuer. 3. The Exchange shall have the right to record conversation during Hearing with the Issuer. B. PROCEDURE 1. In case the Exchange requests Hearing, then: a. The Exchange shall notify the Issuer in writing of the proposed Hearing, which notice shall indicates at least the date, time, place as well as grounds of the Hearing; b. If the Issuer does not attend the First Hearing as referred to in point a above, the Exchange shall give written notice of the plan of the Second Hearing, which shall be held at the latest 5 (five) Exchange days after the date of the First Hearing or 1 (one) Exchange Day as of the date of receipt by the Exchange of the Hearing Postponement Notice from the Issuer; c. If the Issuer does not attend the Second Hearing, the Exchange may immediately make decisions in accordance with the provisions of Letter C hereof. 2. In case that Issuer requests Hearing,: a. Issuers shall submit written request for Hearing to the Exchange at the latest 5 (five) Exchange Days the date of Securities Halting Notification or the date of notification to Issuers that the Issuers meet the criteria for Security Delisting, with carbon copy submitted to Head of Bapepam; b. Request for Hearing from Issuers for the purpose of information transparency shall be submitted in writing and shall have been received by the Exchange at the latest 3 (three) Exchange Days before the date of the requested Hearing; c. The Exchange shall determine the time and place of Hearing and notify the Issuer in writing at the latest 3 (three) Exchange Days before the Hearing. Page 1 of 3

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.4 Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK-019/LGL/BES/IX/2002 Dated September 12, 2002

No. Revision : 1.0

Status: Controlled

C. RESULT OF HEARING 1. The Exchange may make decisions on the basis of the Hearing as follows: a. To impose sanction as provided for in Security Listing Rules Number I.A.6 on Sanctions; b. To revoke or cancel sanctions imposed; c. To require the Issuer to disclose information in writing or to comply with the instructions or directives from the Exchange; d. To require the Issuer to make Public Exposure. 2. Within a period of 2 (two) Exchange Days at the latest as of the date of the Hearing, the Exchange shall give in writing the results of Hearing to the Issuer with copies to Chairman of Bapepam and other relevant Parties, and announce it to the public. Issued in Date

: :

Surabaya September 12, 2002

PT. Bursa Efek Surabaya

Hindarmojo Hinuri K. President Director

Sugeng Rijadi Director

Page 2 of 3

REGULATION OF PT SURABAYA NUMBER I.A.5

BURSA

EFEK

(Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK021/LGL/BES/XI/2004 dated November 25, 2004)

No. Revision: 3.0

Status: controlled

SECURITY LISTING RULES NUMBER I.A.5: SECURITY LISTING FEES

A. GENERAL PROVISIONS OF SECURITY LISTING FEE 1. Security listing fees shall consist of initial listing fee and annual listing fee. 2. Listing fee as referred to herein shall exclude Value-added Tax (VAT) at such rate pursuant to the prevailing tax laws and regulations, that must be paid and deposited together with the payment of listing fees by Issuers to the Exchangeâ&#x20AC;&#x2122;s account,. 3. Matters concerning the Security listing fees not specifically provided for herein shall be governed in a separate regulation. 4. Initial listing fee for Issuers applying for Relisting or for Issuers listed on any other security Exchange in Indonesia shall be calculated from the Capitalization Value of the Securities on the basis of the closing price of the Securities on the Stock Exchange on which the Securities were previously listed, or calculated on the basis of nominal value of the Securities, in case of Debt Securities to be listed. 5. Initial or annual listing fee shall be deposited in the Exchangeâ&#x20AC;&#x2122;s account at the latest 3 (three) Exchange Days before the date of the proposed listing or the date of the listing anniversary. 6. In case that the First Listing Date falls on February 29, the anniversary date shall be considered to fall on February 28. 7. If the anniversary date falls on any day other than Exchange Day, the anniversary date shall be the preceding Exchange Day. 8. Issuers failing to comply with the obligation to pay annual listing fee may be held liable to sanctions as contemplated in Security Listing Rules Number I.A.6 regarding Sanctions. B. SHARES 1.

Initial shares listing fee shall be at 0.025% (nil point nil twenty-five percent) of the Capitalization Value of shares that will be listed, provided that: a. Any defaulting issuers that, at the time of initial listing, fall into the category of Mid-Scale or Small-Scale Enterprises pursuant to Bapepam Regulation Number IX.C.7 on Guideline of Form and Substance of Registration Statement For the Purpose of Public Offer by Mid or SmallScale Enterprises, may be held liable to pay a penalty of initial listing fee in the amount of Rp. 5,000,000.00 (five million Rupiah); b. Any defaulting Issuers that, at the time of initial listing, did not fall into the category of Mid or Small-Scale Enterprises pursuant to Bapepam Regulation Number IX.C.7 on Guideline of Form and Substance of Registration Statement for the Purpose of Public Offer By Mid or SmallScale Enterprises may be held liable to pay a penalty of initial listing fee in the amount of Rp. 5,000,000.00 (five million Rupiah) up to Rp. Page 1 of 7

REGULATION OF PT SURABAYA NUMBER I.A.5

BURSA

EFEK

(Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK021/LGL/BES/XI/2004 dated November 25, 2004)

No. Revision: 3.0

Status: controlled

25,000,000.00 (twenty-five millions Rupiah), subject to the provisions of letter B.1 hereof. 2. Initial Listing Fee of Additional Shares: a. The initial listing fee of additional shares arising from capitalization of additional paid-in capitals, retained earnings, partial listing, or capitalization of other paid-in capital, shall be at 0.025% (nil point nil twenty-five percent) of the Capitalization Value of Securities on the basis of consolidated closing price of shares 5 (five) Exchange Days before listing date of the additional shares; b. The initial listing fee of additional shares arising from capital addition with or without Rights, Debt Security Conversion, exercise of convertible securities or Warrants not listed on the Exchange, shall be at 0.025% (nil point nil twenty-five percent) of the specified exercise price or conversion price multiplied by the number of additional shares to be listed; c. The Initial listing fee as referred to in letter B numbers 2.a and 2.b hereof shall be minimal Rp. 5,000,000.00 (five millions Rupiah) and maximal Rp. 25,000,000.00 (twenty-five million Rupiah). 3. The annual listing fee of shares shall be at 0.05% (nil point nil five percent) of the number of the listed shares multiplied by nominal value of shares, provided that: a. The annual listing fee of shares for Issuers that, at the time of initial listing, fall into the category of Mid-Scale or Small-Scale Enterprise pursuant to Bapepam Regulation Number IX.C.7 on Guideline of Form and Substance of Registration Statement For the Purpose of Public Offer by Mid or Small-Scale Enterprises, shall be in the amount of Rp. 5,000,000.00 (five million Rupiah) per year. The said rate of the annual listing fee shall apply only for a period of 3 (three) years as of the date of the initial listing. Thereafter, the Issuers shall pay Annual Listing Fee as applicable to Issuers that do not fall into the category of Mid or SmallScale Enterprises; b. The annual listing fee of shares for Issuers that, at the time of initial listing, do not fall into the category of Mid or Small-Scale Enterprises pursuant to Bapepam Rules Number IX.C.7 on Guideline of Form and Substance of Registration Statement for the Purpose of Public Offer by Mid or Small-Scale Enterprises, shall be in the amount of Rp. 5,000,000.00 (five million Rupiah) up to Rp. 25,000,000.00 (twenty-five million Rupiah) per year. These provisions shall remain valid even if the Issuers later meet the criteria of Mid- or Small-Scale Enterprises; 4. In case that an Issuer makes a number of listings of shares of the same type within one calendar year, the annual listing fee shall be calculated on the basis of the cumulative number of shares listed in one calendar year and the payment time shall be on the listing anniversary. C. DEBT SECURITIES 1. The rates of initial listing fee and annual listing fee of Debt Securities are the same. 2. Issuers that issue more than one type of Debt Securities in one issuance shall pay Initial and Annual Listing Fee for each type of Deb Securities. Page 2 of 7

REGULATION OF PT SURABAYA NUMBER I.A.5

BURSA

EFEK

(Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK021/LGL/BES/XI/2004 dated November 25, 2004) Status: controlled

No. Revision: 3.0

3. The following listing fee rates applicable to types of Deb Securities denominated in Rupiah : Total Nominal Amount of Debt Securities per Listing Fee Type Up to Rp 200 billion 0.025% x Nominal More than Rp 200 billion up to Rp 400 billions 0.024% x Nominal More than Rp 400 billion up to Rp 600 billions 0.023% x Nominal More than Rp 600 billion 0.022% x Nominal 4. The Listing fees as referred to in Letter C.3 hereof shall, in any case, be not lower than Rp. 10,000,000.00 (ten million Rupiah) and not greater than Rp. 150,000,000.00 (one hundred and fifty million Rupiah). 5. Listing fee of Debt Securities as provided for in Letter C numbers 3 and 4 hereof also applies to Debt Securities denominated in foreign currencies based on the nominal value after conversion into Rupiah at the middle exchange rate of Bank Indonesia 8 (eight) Exchange Days before the date of Debt Security listing or 8 (eight) Exchange Days before the date of listing anniversary. D. OTHER SECURITIES 1. No initial listing fee shall be paid in respect of the listing of warrants, Mutual Fund Securities, and shares arising from Conversion of Convertible Securities or Warrants already listed on the Exchange. 2. The annual listing fee of Mutual Fund Securities shall be at 0.05% (nil point nil five percent) of the total nominal value of listed Mutual Funds but, in any case, not lower than Rp. 5,000,000.00 (five million Rupiah) and not greater than Rp. 10,000,000.00 (ten million Rupiah). 3. The annual listing fee of Warrants shall be at Rp. 1.00 (one Rupiah) for each listed Warrant, but, in any case, not greater than Rp. 5,000,000.00 (five million Rupiah) for all Warrants, calculated on the basis of the number of Warrants that have not been exercised from each series. In case that the number of the remaining listed Warrants that have not been exercised from each series is less than 1 (one) million, no annual listing fee shall be paid. Issued in Date

: :

Surabaya November 25, 2004

PT Bursa Efek Surabaya

Hindarmojo Hinuri K. President Director

Sugeng Rijadi Director

Page 3 of 7

RULES OF PT BURSA EFEK SURABAYA NUMBER I.A.6 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK022/LGL/BES/XI/2004 dated November 25, 2004) No. Revision: 2.0 Status: Controlled

SECURITY LISTING RULES NUMBER I.A.6: SANCTIONS A. GENERAL PROVISIONS 1. In case that an Issuer is sanctioned under the these rules, the Issuer will still be obliged to perform all of its obligations in accordance with Rules of the Exchange. 2. In case that an Issuers has been imposed with sanctions of Delisting and the sanctions have been effective, then the Issuers will be obliged to fulfill only their due financial obligation(s) to the Exchange. 3. Sanctions as referred to herein shall be notified in writing to the Issuer concerned with carbon copy to Chairman of Bapepam, Security Listing Committee, and related parties in accordance with Bapepam Rules Number II.A.2 regarding Document Provision Procedure for The Public at Knowledge Center of Capital Market and announced by the Exchange. B. TYPES OF SANCTIONS 1. 2. 3. 4.

Written Warning; Fine; Securities Halting; Delisting.

C. VIOLATIONS AND SANCTIONS IMPOSITION PROCEDURE 1. An issuers that does not fulfill any of obligations under Bapepam Rules Number I.A.3 on Issuersâ&#x20AC;&#x2122; Reporting Obligation shall be imposed with sanctions as referred to in Point B hereof, except Fine. 2. An Issuers that does not fulfill any of obligations under Bapepam Rules Number I.A.5 on Security Listing Fee shall be imposed with sanctions as referred to Point B hereof. 3. Fine as described below shall be imposed after Written Warning has been given by the Exchange: Types of Warning First Written Warning Second Written Warning Third Written Warning

Fine Rp. 100.000,- per Exchange Day Rp. 150.000,- per Exchange Day

4. Sanctions imposition procedure shall be as follows: a. The Exchange shall give the First Written Warning at the latest 3 (three) Exchange days since the failure of Issuer to fulfill any of its obligations; b. If within a period of 15 (fifteen) Exchange Days since the date of the First Written Warning, the Issuers continues to fail to fulfill its obligation, then Page 1 of 4

on the next Exchange Day the Exchange will give the Second Written Warning along with Fine in case that Issuers fails to fulfill its obligation as contemplated in Security Listing Rules Number I.A.5 regarding Security Listing Fee; c. If within a period of 15 (fifteen) Exchange Days since the date of the Second Written Warning, the Issuer continues to fail to fulfill its obligation, then on the next Exchange Day the Exchange will give the Third Written Notice along with Fine in case that the Issuer fails to fulfill obligation as contemplated in Security Listing Rules Number I.A.5 regarding Security Listing Fee; d. If within a period of 15 (fifteen) Exchange Days since the date of the Third Written Warning Issuers continues to fail to fulfill its obligation, then on the next Exchange Day the Exchange will impose Securities Halting; e. If within a period of 15 (fifteen) Exchange Days since the date of Securities Halting Issuers continues to fail to fulfill its obligation, then the delisting of the Issuerâ&#x20AC;&#x2122;s securities may be considered. 5. Fine as contemplated herein shall be cumulative since the issuance of the Second Written Warning and the Third Written Warning until the fulfillment of the obligation or the remedy of Issuersâ&#x20AC;&#x2122; failure that results in the imposition of the sanctions and be up to a cumulative amount of Rp. 10,000,000.00 (ten million rupiah). 6. Sanctions as referred to in Point B hereof may be imposed in stages as provided for in Point C number 4 hereof or at once without stages. These are the sanctions that may be imposed by the Exchange to Issuers. Issued in Date

: :

Surabaya November 25, 2004

PT Bursa Efek Surabaya

Hindarmojo Hinuri K. President Director

Sugeng Rijadi Director

Page 2 of 4

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.7 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK023/LGL/BES/XI/2004 dated November 25, 2004) No. Revision: 2.0

Status: Controlled

SECURITY LISTING RULES NUMBER I.A.7: DELISTING A. GENERAL PROVISIONS

1. Delisting may be made on the base of decision of the Exchange, at the request of Issuer or of Bapepam.

2. In case that Delisting is based on decision of the Exchange, then the Exchange may first seek the opinion of Security Listing Committee.

3. If an Issuer is being considered for Delisting, then all types of Security of 4. 5. 6.

8. 9.

the said Issuer that are listed on the Exchange shall be included in this consideration. Delisting Procedure as set forth herein may not be applied to Delisting at the request of Bapepam. For Delisting of Debt Securities only, Delisting may be made to some or all of Debt Securities that are listed. Listing period of Debt Securities or Asset-Backed Security Unit shall be the same as the listing period of Debt Security or Asset-Backed Security Unit at the time of the initial listing, unless early settlement or restructuring is made, which results in the change of due date of Debt Security or AssetBacked Security Unit or based on decision of holders of Debt Security or Asset-Backed Security Unit. Issuers whose Debt Securities are due but, at the same time, is unable to fulfill all of their obligations to the Holders of Debt Securities shall submit statement to the Exchange at the latest 5 (five) Exchange Days after the due date of the Debt Securities informing the Exchange of : a. settlement plan of the Debt Securities; and b. listing status of the Debt Securities on the Exchange, which has been approved and decided by Bondholders Meeting (if any). Issuers that are imposed with Delisting may file objection to Bapepam and Bapepamâ&#x20AC;&#x2122;s decision is final and binding upon both Parties. The Exchange may request business survival plan to any Issuers that meet the criteria of Delisting as referred to in Point B hereof.

B. DELISTING CRITERIA The Exchange may consider to Delist an Issuerâ&#x20AC;&#x2122;s Securities in case that the Issuer undergoes any of the following: 1. Dissolution or liquidation including that arising from merger or consolidation to other company or Issuer; 2. Cancellation of effective Registration Statement issued by Bapepam; 3. Being held bankrupt by the court and the bankruptcy decision has already been enforceable; 4. Its permit being revoked by the authority affecting its business survival; 5. Its business activity being discontinued effecting its business survival;

Page 1 of 8

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.7 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK023/LGL/BES/XI/2004 dated November 25, 2004) No. Revision: 2.0

Status: Controlled

Failing to submit business continuance plan within time limit specified by the Exchange; 7. Disclaimer being given to its Financial Statements for 3 (three) years in a row; 8. Adverse Financial Statement for the last fiscal year; 9. For Issuers engage in Mining Business only: a. Its Work of Contract/Mining Authorization/Regional Mining Permit being revoked or not extended by the Authority; b. Having no Director with engineering expertise in the field of mining for a period of maximally 6 (six) months as of the date of vacancy. 10. Being imposed with Delisting as provided for in Security Listing Rules Number I.A.6 on Sanctions; 11. Especially for Debt Securities: a. In case of put or call option under a trustee agreement; b. In case of the Issuer making buyback of outstanding Debt Securities that is afterward considered as redemption; c. In case of Debt Securities being converted into other Securities; d. In case of Debt Securities being exchanged for other Securities; e. In case of Debt Securities becoming due. 12. Violation of the rules of the Exchange and or prevailing laws and regulations, especially those in the field of Capital Market. C. DELISTING REQUIREMENTS AND PROCEDURE

1. At the request of the Issuer: a.

Requirements: 1) Share Delisting Proposal has been resolved at a Shareholders Meeting attended by more than 1/2 (a half) of the all of shareholders that are not Controlling Shareholders as contemplated in Bapepam Regulation Number IX.H.1 and not Affiliations, and the resolution is approved by more than 1/2 (a half) of valid votes held by shareholders that are not Controlling Shareholders and not Affiliated Parties attending the Meeting; 2) For Bond Issuers only: a). Delisting proposal has been approved by General Meeting of Bondholders (Bondholders Meeting); b). The issuer has submitted the amendment to Trust Agreement based on the resolution of Bondholders Meeting as referred to in Point C number 1.a.2.a) hereof. 3) The Issuer has fulfilled all of its obligations to the Exchange as required under Security Listing Rules. Procedure : 1) Delisting request describing the reasons of the Delisting and accompanied with Minutes of Shareholders Meeting or Bondholders Meeting as referred to in Point C numbers 1.a.1) and 1.a.2) hereof

Page 2 of 8

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.7 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK023/LGL/BES/XI/2004 dated November 25, 2004) No. Revision: 2.0

Status: Controlled

shall be submitted to the Exchange at the latest 30 (thirty) days before the proposed Delisting date. 2) The Exchange shall approve the Delisting request only if the Issuer has submitted complete documents as referred to in number 1) hereof to the Exchange and fulfilling all of its obligations to the Exchange. c. Decision of the Exchange: 1) The Exchange may decide to refuse the Issuer’s Delisting request or to postpone the effective date of the Delisting as requested by the Issuer if the Issuer has not submitted the complete documents and has not fulfilled all of its obligations to the Exchange; 2) In case that the Exchange approves the Issuer’s Delisting request, the Exchange shall issue Delisting Approval Letter and announce it no later than 15 (fifteen) days before the date the Delisting becoming effective. 2. On the basis of the Decision of the Exchange: a. Requirement: Issuers shall meet one or more of the criteria as referred to in the provisions of Point B hereof. b. Procedure: 1) The Exchange shall notify the Issuer that it has met Delisting criteria. Copies of the notice shall be given to Bapepam and other related Parties and the decision shall be announced on the Exchange. 2) Based on the notice as referred to in Point C number 2.b.1) hereof, the Issuer may file a Hearing request to the Exchange in accordance with the provisions of Security Listing Rules Number I.A.4 on Hearing; 3) In case that the Issuer files a Hearing request, the Exchange shall make a decision at the latest 5 (five) Exchange Days after the Hearing day; 4) In case that the Issuer does not file a Hearing request within a period of 5 (five) Exchange Days after the submission of the notice as referred to in the provisions of Point C number 2.b.1) hereof, the Exchange may immediately make the decision. c. Decision of the Exchange: 1). Decision of the Exchange with regard to the Delisting of the Issuer’s Securities as referred to in Point C numbers 2.b.3) and 2.b.4) hereof following the fulfillment of the provisions of Point B hereof may be made only after the Exchange receives the considerations (if any) from Security Listing Committee; 2). Decision of the Exchange may be in the form of: a). Maintenance of the Listing of the Issuer’s Securities on the Exchange; or b). Securities Halting of the Issuer’s Securities on the Exchange; or c). Delisting of the Issuer’s Securities on the Exchange.

Page 3 of 8

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.7 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK023/LGL/BES/XI/2004 dated November 25, 2004) No. Revision: 2.0

3). 4). 5).

6).

Status: Controlled

Decision as referred to in point C number 2.c.2) hereof shall be notified in writing to Issuers as well as announced by the Exchange on the same Exchange Day as the date of the decision. In case of the decision of the Exchange as referred to in Point C number 2.c.2).a) hereof, the Exchange may determine that the decision be with or without particular requirements. In case of the decision of the Exchange as referred to in Point C number 2.c.2).b) hereof, the Issuer shall still be obliged to fulfill all of its financial and reporting obligations as provided for in the Rules of the Exchange. In case of decision of the Exchange as referred to in Point C number 2.c.2).c) hereof, the Exchange shall determine the effective date of the Security Delisting. Issued in Date

: :

Surabaya November 25, 2004

PT Bursa Efek Surabaya

Hindarmojo Hinuri K. Managing Director

Sugeng Rijadi Director

Page 4 of 8

REGULATION OF PT BURSA SURABAYA NUMBER I.A.2

EFEK

(Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK-019/LGL/BES/XI/2004 Dated November 25, 2004) No. Revision : 2.0 Status : Controlled

REGULATION OF PT BURSA SURABAYA NUMBER I.A.2

EFEK

(Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK-019/LGL/BES/XI/2004 Dated November 25, 2004) No. Revision : 2.0 Status : Controlled

Hindarmojo Hinuri K. President Director

Sugeng Rijadi Director

Page 2 of 2

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.3 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK020/LGL/BES/XI/2004 dated November 25, 2004)

No. Revision : 2.0

Status: Controlled

SECURITY LISTING RULES NUMBER I.A.3 :

REPORTING OBLIGATION OF THE ISSUERS

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.3 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK020/LGL/BES/XI/2004 dated November 25, 2004)

No. Revision : 2.0

Status: Controlled

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.3 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK020/LGL/BES/XI/2004 dated November 25, 2004)

No. Revision : 2.0

2. 3. 4. 5.

7. 8.

Status: Controlled

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.3 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK020/LGL/BES/XI/2004 dated November 25, 2004) Status: Controlled

No. Revision : 2.0

: :

Surabaya November 25, 2004

PT Bursa Efek Surabaya

Hindarmojo Hinuri K. President Director

Sugeng Rijadi Director

Page 4 of 9

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.4 Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK-019/LGL/BES/IX/2002 Dated September 12, 2002

No. Revision : 1.0

Status: Controlled

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.4 Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK-019/LGL/BES/IX/2002 Dated September 12, 2002

No. Revision : 1.0

Status: Controlled

: :

Surabaya September 12, 2002

PT. Bursa Efek Surabaya

Hindarmojo Hinuri K. President Director

Sugeng Rijadi Director

Page 2 of 3

REGULATION OF PT SURABAYA NUMBER I.A.5

BURSA

EFEK

(Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK021/LGL/BES/XI/2004 dated November 25, 2004)

No. Revision: 3.0

Status: controlled

SECURITY LISTING RULES NUMBER I.A.5: SECURITY LISTING FEES

REGULATION OF PT SURABAYA NUMBER I.A.5

BURSA

EFEK

(Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK021/LGL/BES/XI/2004 dated November 25, 2004)

No. Revision: 3.0

Status: controlled

REGULATION OF PT SURABAYA NUMBER I.A.5

BURSA

EFEK

(Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK021/LGL/BES/XI/2004 dated November 25, 2004) Status: controlled

No. Revision: 3.0

: :

Surabaya November 25, 2004

PT Bursa Efek Surabaya

Hindarmojo Hinuri K. President Director

Sugeng Rijadi Director

Page 3 of 7

Written Warning; Fine; Securities Halting; Delisting.

Fine Rp. 100.000,- per Exchange Day Rp. 150.000,- per Exchange Day

: :

Surabaya November 25, 2004

PT Bursa Efek Surabaya

Hindarmojo Hinuri K. President Director

Sugeng Rijadi Director

Page 2 of 4

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.7 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK023/LGL/BES/XI/2004 dated November 25, 2004) No. Revision: 2.0

Status: Controlled

SECURITY LISTING RULES NUMBER I.A.7: DELISTING A. GENERAL PROVISIONS

1. Delisting may be made on the base of decision of the Exchange, at the request of Issuer or of Bapepam.

2. In case that Delisting is based on decision of the Exchange, then the Exchange may first seek the opinion of Security Listing Committee.

3. If an Issuer is being considered for Delisting, then all types of Security of 4. 5. 6.

8. 9.

Page 1 of 8

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.7 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK023/LGL/BES/XI/2004 dated November 25, 2004) No. Revision: 2.0

Status: Controlled

1. At the request of the Issuer: a.

Page 2 of 8

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.7 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK023/LGL/BES/XI/2004 dated November 25, 2004) No. Revision: 2.0

Status: Controlled

Page 3 of 8

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.A.7 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK023/LGL/BES/XI/2004 dated November 25, 2004) No. Revision: 2.0

3). 4). 5).

6).

Status: Controlled

: :

Surabaya November 25, 2004

PT Bursa Efek Surabaya

Hindarmojo Hinuri K. Managing Director

Sugeng Rijadi Director

Page 4 of 8

DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-310/BEJ/12-2006 CONCERNING LISTING AND TRADING OF INVESTMENT FUND PARTICIPATION UNITS IN THE FORM OF COLLECTIVE INVESTMENT CONTRACT AT THE EXCHANGE

Considering

a. that by the issuance of Regulation Number IV.B.3 Concerning Investment Fund in the Form of Collective Investment Contract whose Participation Unit Traded at the Exchange (Attachment of the Decision of the Chairman of Capital Market and Financial Institutions Supervisory Agency Number Kep-133/BL/2006 dated 4 December 2006), Jakarta Stock Exchange Inc. deems necessary to stipulate terms concerning Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange; b. that by considering as referred to above mentioned and for providing legal ground to the implementation of listing and trading of Investment Fund Participation Unit in the Form of Collective Investment Contract, it deems necessary to stipulate the regulation related to Investment Fund Participation Units traded at the Exchange in a Decision of Board of Directors of Jakarta Stock Exchange Inc.

In view of

1. Article 9 of Law Number 8 of 1995 concerning The Capital Market (State Gazette of 1995 Number 64, Supplement Number 3608); 2. Government Regulation Number 45 of 1995 concerning The Implementation of the Capital Market Activities (State Gazette of 1995 Number 86, Supplement Number 3617) as amended by Government Regulation Number 12 of 2004 (State Gazette of 2004 Number 27, Supplement Number 4372); 3. Bapepam and LK Rule Number IV.B.3 Concerning Investment Fund in the Form of Collective Investment Contract whose Participation Units Traded At the Exchange (Attachment of the decision of the Chairman of Capital Market and Financial Institutions Supervisory Agency Number Kep-133/BL/2006 dated 4 December 2006); 4. Bapepam Rule Number III-A.2 concerning Procedures for Rule Making by Securities Exchange (Attachment of the Decision of Chairman of Bapepam Number Kep-03/PM/1996 dated 17 January 1996); 5. Letter of the Chairman of the Capital Market and Financial Institutions Supervisory Agency Number: S-3339/BL/2006 dated 21 December 2006, concerning Approval of Draft of Exchange Regulation Related to Listing and Trading of Investment Fund Participation Units in the Form of Collective Investment Contract. DECIDING:

To Stipulate

1. Rule Number I-C: Concerning Listing of Investment Fund Participation Units in the Form of Collective Investment Contract, as set forth in the Attachment I of this decision. 1

2. Rule Number II-C: Concerning Trading of Investment Fund Participation Units in the Form of Collective Investment Contract as set forth in the Attachment II of this decision. 3. Rule Number III-F: Concerning Reporting Obligation Of Securities Exchange Member Becoming Participant Dealer as set forth in the Attachment III of this decision. 4. This Decision shall be effective as of the stipulation date.

Stipulated in On

: :

Jakarta 22 December 2006

The Jakarta Stock Exchange Inc.

Justitia Tripurwasani Director

M. S. Sembiring Director

ATTACHMENT I Decision of the Board of Directors of The Jakarta Stock Exchange Inc. Number : Kep 310/BEJ/12-2006 Dated : 22 December 2006

RULE NUMBER I-C: CONCERNING LISTING OF INVESTMENT FUND PARTICIPATION UNITS IN THE FORM OF COLLECTIVE INVESTMENT CONTRACT AT THE EXCHANGE

DEFINITION In this Rule, the following terms shall mean:

II.

I.1.

Listing Board of Investment Fund Participation Units in the Form of Collective Investment Contract shall be the board provided for the listing of Investment Fund Participation Units in the Form of Collective Investment Contract.

I.2.

Listing of Investment Fund Participation Units in the Form of Collective Investment Contract shall be the listing of Investment Fund Participation Units in the Form of Collective Investment Contract on the Investment Fund Listing Board so that it can be traded at the Exchange.

LISTING REQUIREMENTS AT THE LISTING BOARD OF INVESTMENT FUND PARTICIPATION UNITS IN THE FORM OF COLLECTIVE INVESTMENT CONTRACT The Investment Fund in the Form of Collective Investment Contract which will register its Participation Units at the Exchange must fulfill the following requirements:

III.

II.1.

The Registration Statement of the Investment Fund in the Form of Collective Investment Contract, which its Participation Units are traded at the Exchange, submitted to Bapepam and LK has become effective.

II.2.

The initial value of the Investment Fund in the Form of Collective Investment Contract, which its Participation Units are traded at the Exchange, shall be at least Rp5,000,000,000.- (five billion rupiah) and the maximum is for the Investment Fund Participation Units value in the Form of Collective Investment Contract as set out in Prospectus.

PROCEDURES FOR LISTING III.1.

The Listing Application of Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange shall be submitted by the Investment Manager.

III.2.

The Listing Application as referred to in provision III.1. above, shall be carried out by: III.2.1.

completing a listing Application form in the form and substance pursuant to Attachment I-C.1 to this Rule;

IV.

III.2.2.

submitting final draft document of Prospectus that has been signed by the authorized person(s);

III.2.3.

paying the registration fee for the Listing application of Rp10,000,000.- (ten million rupiah), provided that the registration fee of the listing application is not refundable ,but it shall be calculated as a subtraction of an initial Listing fee as referred to in provision IV.1.1. to this Rule, upon the acceptance of the Listing application.

III.3.

The Exchange may seek from the Investment Manager the information related to matters as referred to in provision III.2 above for the purpose of fulfilling requirements as referred to in provision II above.

III.4.

If the Exchange considers that all documents and or information as referred to in provision III.2. and III.3. above are complete, then the Exchange and the Investment Manager execute a preliminary agreement at the latest 5 (five) Exchange Days as of the Exchange receives the complete documents and or information. The form and substance of the Preliminary Agreement pursuant to Attachment I-C.2. to this Rule.

III.5.

Immediately after the Registration Statement submitted to the Bapepam and LK becomes effective, the Investment Manager must submit information and documents to the Exchange at least as follows: III.5.1.

Evidence of Registration Statement submitted to the Bapepam and LK has become effective.

III.5.2.

the final prospectus of a public offering at least 5 (five) sets.

III.5.3.

List of names and specimens of signature of the officials who are authorized to sign any correspondences submitted to the Exchange.

III.5.4.

a Report on Net Asset Value.

III.5.5.

a Copy of contract between the Investment Manager and Participant Dealer.

III.5.6.

a Copy of contract with the KSEI concerning the custody of its Participation Units in the Collective Custodian at the KSEI.

III.6.

A Listing Approval will be granted by the Exchange after the Investment Manager completes the documents or information as referred to in provision III.5. above and such documents or information fulfill the Listing requirements as referred to in provision II. above.

III.7.

The Exchange shall announce the listing and the trade of the Investment Fund Participation Units in the Form of Collective Investment Contract as referred to in provision III.6 above which will be listed and traded at the latest of 1 (one) Exchange Day prior to the commencement of the Listing and trading of such Participation Units.

LISTING FEE IV.1.

Listing fee of the Investment Fund Participation Units in the Form of Collective Investment Contract are determined as follows: 2

IV.2.

IV.1.1.

the Initial Listing Fee I is at rupiah); and

Rp25,000,000.- (twenty five million

IV.1.2.

the Annual Listing Fee is at Rp25,000,000.- (twenty five million rupiah) each year.

Payment of Listing Fee: IV.2.1.

The initial Listing Fee shall be paid at the latest of 2 (two) Exchange Days prior to the stipulated Listing date.

IV.2.2.

The annual Listing Fee shall be paid in advance every January. If the Listing is not occurred in January, then the annual Listing Fee for the first year shall be calculated proportionally and paid simultaneously with the initial Listing fee.

IV.2.3.

The Listing Fees as referred to in provisions IV.2.1. and IV.2.2. above, plus value added tax (VAT) in accordance with the prevailing tax provisions.

REPORTING V.1.

Reports that must be submitted to the Exchange by the Investment Manager of the Mutual Fund in the Form of Collective Investment Contract in which its Participation Units are traded at the Exchange, shall include: V.1.1.

Daily report submitted at the latest of 16.30 WIB on each Exchange Day, include: V.1.1.1. Daily Net Asset Value after the closing of trading at the Exchange. V.1.1.2. Daily portfolio composition after the closing of trading at the Exchange. V.1.1.3. Total number of circulations of the Mutual Fund Participation Units in the Form of Collective Investment Contract traded at the Exchange (if there is any amendment). V.1.1.4. the Name and the total numbers of Dealer Participant (if there is any amendment).

V.1.2.

Monthly report as referred to in Bapepam Rule Number X.D.1. concerning Investment Fund Reports that must be submitted by the end of each month at the latest on the 5th (fifth) Exchange Day on each of the subsequent month.

V.1.3.

Annual Financial Statement, at the latest in the end of the 3rd (third) month after the calendar of the Annual Financial Statement ended.

V.1.4.

incidental report submitted as soon as possible to the Exchange concerning every material incident, information or fact related to the Participation Units, such as the plan and resolution of the General Meeting of 3

Participation Unit Holders (RUPUP) of the Investment Fund in the Form of Collective Investment Contract. V.2.

VI.

Reports as referred to in provision V.1. above, shall be announced at the Exchange through the Exchangeâ&#x20AC;&#x2122;s announcement at the latest on: V.2.1.

The same Exchange Day as the Exchange receives the reports as referred to in provisions V.1.1.1 to V.1.1.3. above, and

V.2.2.

The following Exchange Day after the Exchange receives reports as referred to in provisions V.1.1.4., V.1.2., and V.1.3. above.

V.3.

In case of the time limit for submission of the report as referred to in this Regulation falls on holiday, then the Investment Manager of the Mutual Fund in the Form of Collective Investment Contract, in which its Participation Units are traded at the Exchange, must submit the relevant report at the latest on the last Exchange Day prior to the holiday.

V.4.

The obligation for the report submission as referred to in this Rule shall remain applicable even though such Investment Fund Participation Unit in the Form of Collective Investment Contract that is traded at the Exchange is suspended.

SANCTION The Exchange shall impose sanction to the Investment Manager and/or the Investment Fund in the Form of Collective Investment Contract in which its Participation Units are traded at the Exchange that violate provision as referred to in this Rule is as follows: VI.1.

Written warning to the Investment Manager for violating the provisions of not making the annual listing payment in accordance with the payment schedule as referred to in provision IV. above.

VI.2.

Temporary Suspension of trading of the Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange, if it does not submit the reports as referred to in provision V. above.

VI.3.

Delisting.

VII. DELISTING Delisting of an Investment Fund Participation Units in the Form of Collective Investment Contract traded at the Exchange may occur due to: VII.1. It does not fulfill the Listing requirements as referred to in provision II above. VII.2. The Investment Manager of the Investment Fund in the Form of Collective Investment Contract in which its Participation Units are traded at the Exchange does not perform its reporting obligations as referred to in provision V. above within the period of 30 (thirty) consecutive Exchange Days. VII.3. The Investment Manager of the Mutual Fund in the Form of Collective Investment Contract in which its Participation Units are traded at the Exchange does not pay the 4

annual Listing Fee as referred to in provision IV. above within 3 (three) months from the due date of the obligated payment of the annual Listing Fee.

Stipulated Dated

: Jakarta : 22 December 2006

The Jakarta Stock Exchange, Inc.

M.S. Sembiring Director

Eddy Sugito Director

ATTACHMENT NUMBER: I-C.1

Number Attachment Re

: : : Application for Listing Investment Fund Participation Units in the Form of Collective Investment Contracts

..(domicile), ..(date/month/year)..

To the Honorable: Director of Listing of Indonesia Stock Exchange Inc Attn. Head of Service Sector Listing Division Indonesia Stock Exchange Building Jl. Jend.Sudirman Kav 52-53 Jakarta 12190, Indonesia By this letter, we submit our intention to listing the Investment Fund Participation Units in the Form of Collective Investment Contracts at Indonesia Stock Exchange inc, in relation to such matter we submit application to obtain initial agreement from Indonesia Stock Exchange Inc as one of the requirements for us to submit Registration Statement to Bapepam. For consideration, we attach documents and information in relation to the company as follows: I.

General 1. Name of Investment Fund Participation Units in the Form of Collective Investment Contracts

2. Investment Manager 3. Participant Dealer (this may be more than Participant Dealers)

4. Initial Value 5. Maximum Value of Participant Unit

: :

Name : ………………. Address : ………………. Phone : ………………. Fax. : ………………. E-mail : ………………. …………………………. Name : ………………. Address : ………………. Phone : ………………. Fax. : ………………. E-mail : ………………. Rp ……………………... Rp ……………………...

II. Attachments of document and information submitted: 1. Final draft of the Prospectus signed by the authorized parties; 2. Evidence of payment of registration fee of Listing application in the amount of Rp10,000,000.- (ten million rupiah). Yours sincerely,

(.............................) Investment Manager

ATTACHMENT NUMBER: I-C.2

PRELIMINARY LISTING AGREEMENT OF INVESTMENT FUND PARTICIPATION UNITS IN THE FORM OF COLLECTIVE INVESTMENT CONTRACTS (Preliminary Listing Agreement)

This Agreement is entered into this day, ……………………., by the undersigned below: Indonesia Stock Exchange Inc

Domiciled in Jakarta, established pursuant to Deed of Establishment No. 27 dated 4 December 1991 passed before Mrs. Poerbaningsih Adi Warsito, S.H., Notary in Jakarta, as lastly amended by Deed Number 49 dated 30 September 2002, made before DR. A. Partomuan Pohan, Sarjana Hukum, Lex Legibus Master, Notary in Jakarta, in this matter is represented by ……………… President Director of The Indonesia Stock Exchange Inc., hereinafter referred to as the FIRST PARTY.

Investment Fund……….

Domiciled in …….…, in this matter is represented by …………………… in his capacity as the Investment Manager ……………….., hereinafter referred to as the SECOND PARTY.

The FIRST PARTY and the SECOND PARTY, jointly referred to as the Parties, firstly declare as follows: a. that the SECOND PARTY intends to list the Investment Fund Participation Units in the Form of Collective Investment Contracts at the Exchange of the FIRST PARTY, and the FIRST PARTY is willing to consider that matter; b. that to satisfy the provisions regulated in the Regulation Number IV.B.3 concerning the Investment Fund In the Form of Collective Investment Contract which is Participation Unit is Traded at the Exchange (Attachment Decision of the Chairman of the Capital Market and Financial Institutions Supervisory Agency Number Kep-133/BL/2006 dated 4 December 2006), the Parties agree to enter into the Preliminary Listing Agreement of the Investment Fund Participation Units in the Form of Collective Investment Contracts at the Exchange (hereinafter referred to as the “Agreement”) on the terms and conditions as follows: ARTICLE 1 Listing of Investment Fund Participation Units in the Form of Collective Investment Contracts At The Indonesia Stock Exchange Inc. The FIRST PARTY shall list the Investment Fund Participation Units in the Form of Collective Investment Contracts at the Exchange submitted by the SECOND PARTY at the Indonesia Stock Exchange in the following terms: 1. The application of the SECOND PARTY has been submitted in accordance and in compliance with the prevailing regulations; and 2. Pursuant to the consideration and the result of evaluation performed by the FIRST PARTY, it is obtained a valuation that the SECOND PARTY is able to satisfy the requirements of listing referred to in Rule Number I-C concerning the Listing of the Investment Fund Participation Units in the Form of Collective Investment Contracts at the Exchange, particularly in relation to: a. The Registration statement submitted to Bapepam and LK has become effective. b. Initial Value of the Investment Fund In the Form of Collective Investment Contracts.

ATTACHMENT NUMBER: I-C.2

ARTICLE 2 The Placement on the Listing Board of the Investment Fund Participation Units In the Form of Collective Investment Contracts By taking into account provision II of Rule Number I-C concerning the Listing of Investment Fund In the Form of Collective Investment Contract at the Exchange, the FIRST PARTY shall list the Investment Fund of the SECOND PARTY at the Exchange on Listing Board of the Participation Unit Investment Fund In the Form of Collective Investment Contracts in accordance with Rule Number I-C concerning Listing of Investment Fund Participation Unit in the Form of Collective Investment Contract at the Exchange. ARTICLE 3 Early Termination This Agreement shall terminate if within the term of this Agreement, the following has occurred: 1. The Registration Statement submitted to Bapepam and LK has become in-effective. 2. The listing application of the SECOND PARTY has been approved by the FIRST PARTY and the Investment Fund Participation Unit of the SECOND PARTY has been listed in the list of Stocks listed at the Stock Exchange of the FIRST PARTY. 3. There is amendment of data and or material information that affects the Prospective Investment Fund in the Form of Collective Investment Contract is no longer in compliance with the requirement referred to in Regulation Number I-C concerning the Listing of the Investment Fund Participation Unit in the Form of Collective Investment Contract at the Exchange. ARTICLE 4 Term of Agreement This Agreement will be effective for 6 (six) months as of the date of execution and can be extended for maximum 6 (six) months, subject to approval of the Parties. ARTICLE 5 Closing 1. The Parties agree to waive the provision of Article 1266 of the Civil Code of the Republic of Indonesian to the extent that a court judgment is required for the cancellation of this Agreement. 2. This Agreement shall be made in 2 (two) original, each having the same contents, on a duly stamped paper, and each shall have the same legal effect after it has been signed by the Parties.

In witness whereof, this Agreement was signed by the Parties through their authorized representatives of the Parties on the day, date and year as set forth in the preamble of this Agreement. The Parties FIRST PARTY

SECOND PARTY

..................................... President Director

..................................... Investment Manager

DECISION OF THE BOARD OF DIRECTORS OF THE INDONESIA STOCK EXCHANGE INC.

Number Subject

: :

Date of Issue Date of Effective

: :

Kep-00389/BEI/06-2009 Rule Number I-D concerning Listing of Indonesian Depository Receipts (IDR) at the Exchange 12 June 2009 12 June 2009

Considering

that in the context of fulfilling the need of investors for the availability of new instrument as investment alternative that may be listed and traded at the Indonesia Stock Exchange and for the purpose of providing legal basis for market players in the listing of IDR at the Exchange, it is necessary to have provision available that governs on the requirements and mechanism for Listing of IDR at the Exchange;

that in accordance with the consideration as mentioned in the above letters a, the Indonesia Stock Exchange Inc. considers it necessary to stipulate Rule on Listing of Indonesian Depository Receipts (IDR) at the Exchange in the Decision of the Board of Directors.

Article 9 of Law Number 8 of 1995 concerning the Capital Market (State Gazette of 1995 Number 64, Supplement Number 3608);

Government Regulation Number 45 of 1995 concerning the Implementation of the Capital Market Activities (State Gazette of 1995 Number 86, Supplement Number 3617) as amended by Government Regulation Number 12 of 2004 (State Gazette of 2004 Number 27, Supplement Number 4372);

Bapepam and LK Rule Number III-A.2 concerning Procedure for Rule Making by Securities Exchange (Attachment of the Decision of the Chairman of Bapepam Number Kep-03/PM/1996 dated 17 January 1996);

Bapepam and LK Rule Number IX.A.10 concerning Public Offer of Indonesian Depository Receipts (Attachment of the Decision of the Chairman of Capital Market Supervisory Agency Number Kep-49/PM/1997 dated 26 December 1997);

Letter of the Chairman of the Capital Market Supervisory Agency and Financial Institution Number S-4540/BL/2009 dated 3 June 2009, concerning Approval for Amendment to Rule Number I-D concerning the Listing of Indonesian Depository Receipts (IDR) at the Exchange.

In view of

D E C I D ING: To stipulate

Rule Number I-D concerning the Listing of Indonesian Depository Receipts (IDR) at the Exchange, as set forth in the Attachment to this Decision.

This Decision shall be effective as of the stipulation date. Yours Sincerely,

Erry Firmansyah President Director

Eddy Sugito Director

Carbon Copy to the Honorable: 1. Chairman of the Capital Market Supervisory Agency and Financial Institutions (Bapepam and LK) 2. Executive Secretary of Bapepam and LK 3. Head of the Market Institutions and Trading Bureau, Bapepam and LK 4. Head of Bureau of the Regulation and Legal Counsel Bureau, Bapepam and LK 5. Head of Bureau of Company Financial Assessment in Service Sector, Bapepam and LK 6. Head of Bureau of Company Financial Assessment in Real Sector, Bapepam and LK 7. Board of Commissioners of the Indonesia Stock Exchange Inc.

ATTACHMENT Decision of the Board of Directors of the Indonesia Stock Exchange Inc. Number : Kep-00389/BEI/06-2009 Date of Issue : 12 Juni 2009 Date of Effective : 12 Juni 2009

RULE NUMBER I-D: CONCERNING THE LISTING OF INDONESIAN DEPOSITORY RECEIPTS (IDR) AT THE EXCHANGE

DEFINITION In this Rule, the following terms shall mean: I.1.

Net Tangible Assets means Total Asset deducted by the Intangible Asset, Deferred Tax Assets, and Total Liability including Minority Ownership Right.

I.2.

Deferred Tax Assets means the total of income tax recovered in the following period as the result from temporary difference which is deductible and balance of loss compensation.

I.3.

Intangible Assets means non monetary assets that can be indentified and intangible and owned to be used for producing goods or services, rented to other party(s), or for administrative purpose.

I.4.

Custodian Bank means general bank that has acquired approval from Bapepam and LK to organize Securities custodianship has made Depository Agreement with Sponsor Company.

I.5.

Exchange means The Indonesia Stock Exchange Inc.

I.6.

Other Stock Exchange means Stock Exchange where Sponsor Company Securities is listed.

I.7.

Underlying Securities means Securities that is under custody at Custodian bank constituting the underlying for IDR issuance.

I.8.

Exchange Day means a day when the Securities trading takes place at the Exchange namely from Monday to Friday, except the national holiday or declared as the Exchange holiday by the Exchange.

I.9.

Securities Listing Committee means a committee established by the Exchange whose members are appointed by the Exchange pursuant to their expertise, who are responsible to provide opinions, either upon request or voluntarily to the Exchange in respect of the listing of Securities of the Listed Company at the Exchange.

I.10.

Sponsor Company Financial Statement means a financial statement whose arrangement and presentation is in accordance with accounting terms in the domicile country of the Sponsor Company, or in accordance with International Accounting Standard (IAS), reconciled by generally applicable Accounting Principles in Indonesia.

I.11.

Audited Financial Statement means the audited Financial Statement of a Sponsor Company accompanied with opinion and signed by public accountant of a Foreign

Public Accountant Office that has a direct cooperation agreement with Public Accountant Office whose accountant is registered with Bapepam and LK.

II.

I.12.

IDR Capitalization Value means the result of multiplying the Amount of IDR and the price of IDR from Sponsor Company that initiated public offering of IDR.

I.13.

Listing means the listing of Securities in the Securities list registered with the Exchange so that they can be traded at the Exchange.

I.14.

Controlling Shareholders means a shareholder of Sponsor Company who owns more than 50% (fifty percent) of total fully paid up shares, or any Party who has capability to control, either directly or indirectly, by any means of management and or Sponsor Company’s discretion.

I.15.

Sponsor Company means the company that initiated the Public Offering of Indonesian Depository Receipts whose Underlying Securities is the Securities of Indonesian legal entity or other country legal entity.

I.16.

Delisting means delisting of IDR from IDR list, listed at the Exchange, consequently they cannot be traded at the Exchange.

I.17.

IDR Pre-Listing means approval upon planning on listing of IDR given by the Exchange prior to Underlying Securities is converted to IDR, in which the basis of the issuance of IDR is total Sponsor Company’s Securities which can be converted to IDR at anytime.

I.18.

Indonesian Depository Receipts (IDR) means Securities that provides rights to the holder of the –Underlying Securities that is collectively under custody in Custodian Bank that obtains Bapepam and LK’s approval as referred to in point 1 letter a of Bapepam and LK Rule Number IX.A.10 concerning Public Offering of Indonesian Depository Receipts (IDR).

I.19.

Total Asset means total resources possessed by the company as the result of past occasion and from the future economic benefit that is expected to be obtained by the company.

I.20.

Total Liabilities means the outstanding obligations of a company that resulted from the past performance which source of the repayments is expected from the company’s resources.

GENERAL PROVISIONS ON IDR LISTING II.1

IDR that can be listed at the Exchange is IDR whose Underlying Securities is in the form of Shares.

II.2.

In order to arrange a well-organized, natural and efficient Securities trading, the Exchange is entitled to approve or reject the application for listing of IDR upon accomplishment after performing thorough analysis on information and documents proposed by Sponsor Company or obtained by the Exchange by not only considering formal aspect, but also considering the substance of precondition.

II.3.

Sponsor Company is obliged to list IDR by IDR Pre-listing in the amount that equals to total Securities of Sponsor Company and IDR traded in mandatory the Exchange

based upon total number of Underlying Securities being converted to IDR. II.4

Listing and Trading of such IDR on the Exchange shall be effective when conversion of Underlying Securities to IDR is done.

II.5.

In the event that Sponsor Company conducts corporate action resulting in additional amount of Securities of Sponsor Company, the Sponsor Company is obliged to list IDR in pre-listing manner in accordance with the said additional amount of Securities.

II.6.

In making decision related to the implementation of this listing regulation, the Exchange may request Securities Listing Committee to give opinion or consideration.

II.7.

The Obligation of Sponsor Company and Custodian Bank is to obey the terms as set forth in laws concerning capital market in Indonesia and particularly the Exchange Rule.

II.8.

Sponsor Company may act by itself or by authorizing the power to Incorporation or Legal Consultant listed at Bapepam and LK to represent the Sponsor Company in performing communication and correspondence with the Exchange during the application process of listing the IDR until listing approval from the Exchange obtained.

II.9.

Sponsor Company is obliged to authorize the power to Custodian Bank to act on behalf Sponsor Company in performing communication and correspondence with the Exchange, which effective since the approval of listing from the Exchange obtained.

II.10.

All documents submitted by Custodian Bank to Stock Exchange are obliged to be submitted in Bahasa Indonesia. In the event that document arranged in other than Bahasa Indonesia then the Custodian Bank is still obliged to submit the report that is already translated into Bahasa Indonesia by official translator.

II.11.

The authentication of the description, information, data and or documents submitted by Incorporation, Legal Consultant or Custodian Bank as referred to in provision II.8, II.9 and II.10 above, is fully become the responsibility of the Sponsor Company.

II.12.

Sponsor Company is obliged to appoint other Custodian Bank by the latest in period of 30 (thirty) days since it is acknowledged that Custodian Bank experience condition, or incident, that significantly affect negatively toward the continuance of business of Custodian Bank either financially or legally.

II.13.

In the event that the substitution of Custodian Bank as Sponsor Company representative occurs as set forth in terms II.12. above, the Sponsor Company is obliged to appoint the Substitute Custodian Bank, under following condition: II.13.1.

Substitute Custodian Bank is obliged to sign Depository Agreement with Sponsor Company as substitute to signed depository agreement by former Custodian Bank with Sponsor Company.

II.13.2.

Making statement to accept the appointment as substitute Custodian Bank under same terms and condition as stated in Depository Agreement.

III.

II.13.3.

The substitution of Custodian Bank shall be effective if the former Custodian Bank has been discharged legally and financially by Sponsor Company upon duties and obligation as Custodian Bank.

II.13.4.

At the same time with effective of the substitution of such Custodian Bank, the former Custodian Bank is declared discharge as the representative of Sponsor Company.

II.14.

The substitution of Custodian Bank as referred to in provision II.13. above, mandatory to be reported by Sponsor Company to the Stock Exchange by the latest 1 (one) Exchange Day after the substitution of Custodian Bank and advertised at least in 1 (one) national circulation newspaper.

II.15.

In the event of legal problems occurred in relation to IDR, the Sponsor Company and or Custodian Bank is/are willing to comply with applicable law in Indonesia.

II.16.

The name of Underlying Securities holder listed in the List of Securities Holders of the Sponsor Company is the name of Custodian Bank.

LISTING REQUIREMENTS III.1.

Sponsor Company that will enlist IDR at the Exchange is obliged to fulfill requirements as follow: III.1.1.

Declaration of Registration submitted to Bapepam and LK has become effective.

III.1.2.

Request to listing the IDR on the Exchange shall only be proposed by the relevant Sponsor Company, Incorporation or Legal Consultant registered at Bapepam and LK who is given authorization to represent the Sponsor Company.

III.1.3.

Statement from Board of Directors of Sponsor Company, that declares concerning:

III.1.4.

III.1.3.1.

IDR holder has similar comparable rights to the shareholders of the Sponsor Company, including voting right in General Meeting of Shareholders (GMS) of Sponsor Company.

III.1.3.2.

The using of voting right in GMS as referred to in Provision III.I.3.1 above may only be conducted by IDR holder by giving his or her voting proxy to Custodian Bank.

III.1.3.3.

The right of IDR holder to convert IDR to Sponsor Company Securities and the right of Sponsor Company Securities Holders to convert his owned Securities to IDR.

III.1.3.4.

The conversion procedure of IDR to Sponsor Company Securities or the conversion procedure of Sponsor Company Securities to IDR.

Own IDR Capitalization Value at least an amount of Rp. 250,000,000,000 (two hundred and fifty billion rupiahs).

III.1.5.

Holders of IDR at least owned by 300 (three hundred) investor who own Securities account on the Member of the Exchange.

III.1.6.

Sponsor Company is obliged to appoint Custodian Bank to act on behalf of Sponsor Company in organizing function among others: III.1.6.1.

As Corporate Secretary as referred to in Bapepam Regulation and LK Rule Number IX 14 concerning the Forming of Corporate Secretary by appointing at least 1 (one) Custodian Bank Official.

III.1.6.2.

Performing conversion from Underlying Securities to IDR and or IDR to Underlying Securities.

III.1.6.3.

Representing IDR Holderâ&#x20AC;&#x2122;s interest in the event that the Sponsor Company organizing GMS.

III.1.6.4.

Submitting request to the Exchange to conduct adjustment on amount of IDR in the event that the Sponsor Company conducting corporate action that affect addition and or subtraction of the amount of Securities of Sponsor Company.

III.1.6.5.

Issuing list of IDR Holders in order to distribution of dividend or other right obtained from each Underlying Securities to each IDR owner.

III.1.6.6.

Submitting to the Exchange schedules of corporate action conducted by Sponsor Company including the determination of theoretical price as the result of implementation plan of such corporate action, if any.

III.1.6.7.

Providing Underlying Securities custodianship facility.

III.1.6.8.

Performing updated data administration upon IDR ownership.

III.1.7.

Custodian Bank is obliged to report to the Exchange any exchange of IDR to Sponsor Company Securities or any exchange of Sponsor Company Securities to IDR, by the latest the next Exchange Day after such exchange occurs.

III.1.8.

Initial Price of IDR at the moment of listing is minimum Rp. 1,000 (one thousand rupiahs).

III.1.9.

Until the submission of listing application, has substantially been conducting operational activity in the same core business at least 36 (thirty six) months consecutively.

III.1.10. Obtain business profit at least in the last 3 (three) consecutive financial years. III.1.11. Sponsor Company Financial Statement has been audited at least the last 3 (three) financial years, on condition that the last 2 (two) financial years Audited Financial Statements and the last Interim Audited Financial Statement (if any) obtain an Unqualified Opinion.

III.1.12. Based on the latest Audited Financial Statement owns Net Tangible Assets at least equal to an amount of Rp. 250,000,000,000 (two hundred and fifty billion rupiahs).

IV.

INITIAL LISTING PROCEDURES IV.1.

Sponsor Company that intends to list IDR on the Exchange, should propose request to listing toward the Exchange, under following terms: IV.1.1.

Sponsor Company, incorporation or Legal Consultant who represents Sponsor Company, propose request to listing toward the Exchange by filling up forms whose shapes and contents in accordance with Appendix I-D this Rule and pay registration request to listing fee of Rp. 50,000,000 (fifty million rupiahs), on condition such registration cost will be calculated as reduction of initial listing fee as referred to in provision VI.2.2. this Rule if the listing request accepted.

IV.1.2.

Request to listing as referred to in provision IV.1.1. above must be accompanied with documents and information in Bahasa Indonesia as follows: IV.1.2.1.

Statement from Legal Consultant registered with Bapepam and LK that declares the issuance of IDR does not violate prevailing laws in domicile country of Sponsor Company and from the country of the Securities of Sponsor Company listed.

IV.1.2.2.

Statement form Legal Consultant registered with Bapepam and LK that describes the Sponsor Company is not involved in legal dispute which materially may affect the continuance of its life.

IV.1.2.3.

Sponsor Company Organization until first officer below board of directors.

IV.1.2.4.

Group Organization Structure that addresses the position of Sponsor Company in Group, if any.

IV.1.2.5.

List of Controlling Shareholder of Sponsor Company with amount and percentage before the IDR issued.

IV.1.2.6.

Audited Financial Statements of the last 3 (three) financial years and the latest interim Audited Financial Statement (if any).

IV.1.2.7.

Brief History of Sponsor Company.

IV.1.2.8.

Description regarding business activities of Sponsor Company.

IV.1.2.9.

Analysis and discussion by management regarding business activities, performance and financial position of Sponsor Company within period of last 3 (three) financial years.

IV.1.2.10. Analysis regarding business risks and business prospect of the Sponsor Company.

IV.1.2.11. The objective of IDR listing in Indonesia. IV.1.2.12. The amount of IDR offered, prediction of bargaining price and ration of IDR conversion to Sponsor Company Stock or vice versa. IV.1.2.13. Dividend policy. IV.1.2.14. Conversion procedures of Sponsor Company Securities to IDR or conversion of IDR to Sponsor Company Securities. IV.1.2.15. Summary of Sponsor Company contracts whose value is material. IV.1.2.16. Performance ratio, operational, growth, liquidity and solvability of Sponsor Company for the period of last 3 (three) financial years. IV.1.2.17. Receipt of the Payment of listing request registration as referred to in provision IV.1.1. above. IV.1.2.18. Contract copy of administration management of IDR with Custodian Bank. IV.1.2.19. Copies of contract between Sponsor Company and Custodian Bank IV.1.2.20. Copy of Listing Certificate on Other Stock Exchange or Effective Declaration Letter from Capital Market Authority of country of origin, which has been legalized (if any). IV.1.2.21. Particularly for request on listing of IDR from Sponsor Company that has never been listed in any Other Stock Exchange or has not conducted public offering yet in country of origin as referred to in Rule IX.A.10 regarding Public Offering of Indonesian Depository Receipts, is obliged to be accompanied with document and additional Information in Bahasa Indonesia, as follows: IV.1.2.21.1. the objective of fund usage from public bidding by means of issuance of IDR; IV.1.2.21.2. Appraisal Report from independent appraiser registered at Bapepam and LK particularly business appraisal and appraisal on Sponsor Company assets; IV.1.2.21.3. cash flow of minimum 3 (three financial years and assumption used. IV.1.2.21.4. copy of underwriting agreement in relation to Public Offering between Sponsor Company and Securities Underwriter.

IV.1.3.

Such Document referred to in provision IV.1.2 above is deemed accepted if all documents completely received by the Exchange.

IV.1.4.

Sponsor Company that plans to list IDR is obliged to conduct presentation regarding his or her own company to the Exchange.

IV.1.5.

Based on evaluation and assessment of the Exchange, the Exchange shall submit refusal or shall give principal approval upon the request on listing by the latest 10 (ten) Exchange Days since the Exchange obtain documents and or complete information.

IV.1.6.

If the request on listing of IDR from Sponsor Company approved principally, the Exchange and Sponsor Company shall sign preliminary agreement whose form and content in accordance with Appendix I-D 2 this Rule, under terms as follow:

IV.1.7.

IV.1.6.1.

preliminary agreement shall be applicable maximum 6 (six) month since the signing of such preliminary agreement and may be extended upon the approval of parties;

IV.1.6.2.

preliminary agreement shall be ended on condition of period expiry as referred to in provision of IV.1.6.1. above;

IV.1.6.3.

preliminary agreement may be ended earlier than the period as referred to in the provision IV.1.6.1 under conditions as follow: IV.1.6.3.1.

request on listing reaches the approval of the Exchange; or

IV.1.6.3.2.

there is data change and or material information that causes Sponsor Company does not fulfill condition of initial listing or matters underlying the signing of such agreement.

Immediately subsequent to registration statement submitted to Bapepam and LK becomes effective, Sponsor Company is obliged to submit document minimum as follows: IV.1.7.1.

Receipt of registration statement proposed to Bapepam and LK becoming effective, 1 (copy).

IV.1.7.2.

Public Offering Prospectus of IDR minimum 5 (five) exemplars.

IV.1.7.3.

Name list and signatures specimen of Custodian Bank Official authorized to sign correspondence submitted to the Exchange.

IV.1.7.4.

Statement letter signed by Sponsor Company regarding willingness to obey the Exchange Regulation and laws concerning Capital Market Rule that form and content is in accordance with Appendix I-D.5 this Rule.

IV.1.7.5.

Copy of Contract between Sponsor Company and KSEI concerning collective deposit of IDR in KSEI.

IV.1.7.6.

IDR holder Composition Report that forms and content in accordance with Appendix I-D.3 this Rule, 1 (one) copy by the latest 2 (two) Exchange Days subsequent to allotmenting.

IV.1.8.

Document as referred to in provision IV.1.7 above is deemed accepted if the entire document has been received completely by the Exchange.

IV.1.9.

Approval on listing shall be given by the the Exchange if the Sponsor Company fulfill the requirement determined in preliminary agreement, by the latest 5 (five) Exchange Days after the Exchange receives the document completely as referred to in provision IV.1.8 above.

IV.1.10. Sponsor company is obliged to pay IDR listing fee by the latest 2 (two) Exchange Days prior to the date of planned listing and send the receipt to the Exchange. Late in paying such listing fee above may cause the postponement on listing and trading of IDR from such Sponsor Company. IV.1.11. The Exchange shall announce that there is listing and trading of such IDR by the latest 1 (one) Exchange Day prior to the IDR trading begun.

VI.

LISTING OF ADDITIONAL IDR V.1.

In the event that Sponsor Company conduct corporate action resulting additional number of Sponsor Company Securities, then Sponsor Company or Custodian Bank is obliged submit IDR Pre-listing Request upon the addition of Securities by the latest 10 (ten) Exchange Days after the additional Securities from corporate action effective.

V.2.

Additional IDR prelisting prevails effective by the announcement of the Exchange regarding Pre-listing.

V.3.

Sponsor Company or Custodian Bank is obliged to report conversion of Securities of Sponsor Company to IDR that has conducted Pre-listing, by the latest 10 (ten) Exchange days since the implementation date of conversion of such Securities to IDR.

V.4.

The Exchange announce additional listing of IDR by the latest 1 (one) Exchange Days prior to the trading of additional IDR.

IDR LISTING FEE VI.1.

Each Sponsor Company is obliged to pay initial listing fee in the initial Listing of IDR and fee of annual listing of IDR listed in the Exchange.

VI.2.

Initial Listing Fee VI.2.1.

Initial Listing Fee of IDR is imposed 1 (one) time to Sponsor Company namely at the beginning of listing in the Exchange.

VI.2.2.

Initial Listing Fee of IDR determined to an amount of Rp, 1,000,000.(one million rupiahs) for each multiple of Rp. 1,000,000,000.- (one billion) from IDR Capitalization Value minimum Rp. 100,000,000.- (one

hundred million rupiah) and maximum Rp. 500,000,000.- (five hundred million rupiahs).

VI.3.

VI.4.

VI.5.

VI.2.3.

In calculating Capitalization Value of IDR as referred to in VI.2.2 above, then the multiply of Capitalization Value of IDR less than Rp. 1,000,000,000.- (one billion rupiahs) shall be rounded up to Rp. 1,000,000,000.- (one billion rupiahs).

VI.2.4.

In calculation of initial listing fee, IDR price used to calculate Capitalization Value of IDR of Sponsor Company is calculated based upon initial bidding price of IDR.

Annual Listing Fee VI.3.1.

Annual Listing fee of IDR is determined to be Rp. 150,000,000 (one hundred fifty million rupiahs).

VI.3.2.

Sponsor Company that conduct IDR listing in the Exchange performed in the period of current year, the amount of Annual Listing Fee as referred to in provision VI.3.1. above, shall be calculated in proportion to the amount of months after the month of initial listing of IDR performed until December of current year.

Additional Listing of IDR Fee VI.4.1.

Additional Listing of IDR Fee shall be charged merely upon pre-listing of IDR derived from additional Securities of Sponsor Company that originates from corporate action a referred to in provision V.1. above.

VI.4.2.

The amount of such additional listing of IDR fee as referred to in provision VI.4.1 above, shall be calculated in accordance with the amount of additional listing which is comparable the amount of additional Securities of Sponsor Company that originated from relevant corporate action, namely, an amount of Rp. 1,000,000.- one million rupiahs) for each multiple of Rp. 1,000,000,000.- from Capitalization Value of such additional IDR minimum Rp 100,000,000.- (one hundred billion) and maximum Rp 500,000,000 (five hundred billion).

VI.4.3.

In calculating Capitalization Value of additional IDR as referred to in provision VI.4.2 above, the multiple Capitalization Value of additional IDR less than Rp 1,000,000,000.- billion (one billon rupiahs) shall be rounded up to Rp 1,000,000,000 (one billion).

VI.4.4.

In calculating additional IDR listing fee as referred to in provision of VI.4.2 above, the IDR price used to calculate Capitalization Value of additional IDR of Sponsor Company shall be calculated based on the closing price of such IDR in Regular Market on 1 (one) Exchange Day prior to approval date of Pre-listing of additional IDR.

Payment of Listing Fee VI.5.1.

Sponsor Company is obliged to pay initial Listing fee and Annual Listing Fee of IDR by the latest 2 (two) Exchange Days prior to IDR Listing date and send the payment receipt to the Exchange.

VI.5.2.

Annual Listing Fee for the 2nd year and the year next are obliged to be paid in advance by Sponsor Company for period of 12 (twelve) months calculated since January to December. The payment of Annually Listing Fee shall be received by the Exchange (good fund) in account of bank of the Exchange by the latest on at the end of working days in January.

VI.5.3.

Listing Fee as referred to in provision VI.5.1 and VI.5.2 above, shall be adding to Value Added Tax (VAT/PPN) in accordance with applicable tax regulation.

VI.5.4.

Late payment of initial listing fee and annual Listing fee from the limit period as referred to in provision VI.5.1 and VI.5.2 above, shall be subject to fine amounted to 2% (two percentage) per month calculated in proportion in accordance with amount of days of coming late on total fee indebted.

VII. OBLIGATION OF INFORMATION DISCLOSURE OF SPONSOR COMPANY VII.1. Sponsor Company is obliged to obey the terms of information disclosure in the Exchange. VII.2. Sponsor Company is obliged to submit information disclosure to the Exchange upon each information disclosure submitted by Sponsor Company to Other Stock Exchange, Capital Market Authority of country of origin of authorized agent in the country of Sponsor Company. VII.3. Violation on the terms of Information disclosure shall become subject of sanction in compliance with applicable terms and condition of the Exchange.

VIII. DELISTING OF IDR VIII.1. Delisting of IDR from Securities listing listed in the Exchange may happen because of: VIII.1.1. IDR Delisting Request proposed by Sponsor Company. VIII.1.2. IDR Delisting by the Exchange. VIII.2. IDR Delisting based on Sponsor Company request: VIII.2.1. Requirements of IDR Delisting based on Sponsor Company request: VIII.2.1.1. Proposing IDR Delisting request by Sponsor Company as referred to in provision VIII1.1 above may only be performed if IDR has been listed in the Exchange minimum 5 (five) years. VIII.2.1.2. Sponsor Company, is obliged to give option to IDR holder to: VIII.2.1.2.1. converting all IDR owned by him or her to Sponsor Company Securities, or VIII.2.1.2.2. releasing his or her ownership of IDR.

VIII.2.1.3. In the event that IDR holder choose to discharge his ownership on IDR as referred to in provision VIII 2.1.2.2. above, then Sponsor Company or party appointed by Sponsor Company is obliged to buy all related IDR in the price as referred to in Provision VIII.2.1.4 this Rule. VIII.2.1.4. Determination of IDR buying price as referred to in provision VIII 2.1.3. above is based upon one of the price mentioned below, whichever higher: VIII.2.1.4.1. initial price; or VIII.2.1.4.2. highest price in Regular Market within the last 2 (two) years prior to the proposed of Delisting request, with the premium of investment return rate within 2 (two) years calculated in amount of initial price of IDR multiplied by Bank Indonesia Certificateâ&#x20AC;&#x2122;s (SBI) average interest rate of 3 (three) months or the interest rate of other equivalent government bonds that is prevailing at the time when Delisting determined. VIII.2.2. The Procedure of the IDR Delisting at the request the Sponsor Company request. VIII.2.2.1. Sponsor Company must firstly submit a Delisting plan to the Exchange prior to the submission of an initial information diclosure to the public, including information concerning: VIII.2.2.1.1. reason and purpose of IDR Delisting; VIII.2.2.1.2. Parties appointed by Sponsor Company who will perform the buying toward IDR holder; VIII.2.2.1.3. buying price of IDR. VIII.2.2.2. Conducting initial information disclosure to Public by means of 1 (one) newspaper distributed nationally that at least stated information as referred to in provision VIII.2.2.1. Such information disclosure performed at the same time with proposing request of IDR Delisting to the Exchange by submitting information as follows: VIII.2.2.2.1. IDR buying price as referred to in provision VIII.2.2.1.3. above; VIII.2.2.2.2. name of Party who is willing to perform IDR and affiliation relationship with Sponsor Company, if any; VIII.2.2.2.3. the appointment of the Exchange Member acting as buyer intermediary.

VIII.2.2.3. Sponsor Company submitted IDR buying implementation report and opinion of independent Legal Consultant listed in Bapepam and LK declaring that IDR buying process has been performed and in accordance with prevailing rule. VIII.2.2.4. Upon proposing IDR Delisting request proposal, the Exchange conducting Suspension on IDR. VIII.2.3. IDR Delisting on the request of Sponsor Company become effective subsequent to: VIII.2.3.1. Sponsor Company fulfills all responsibilities to the Exchange. VIII.2.3.2. Sponsor Company has paid IDR Delisting amounted to 5 (five) times the last annual Listing fee. VIII.2.3.3. The Exchange shall give approval on Delisting Approval and announce it at the Exchange. VIII.3. Delisting by the Exchange: VIII.3.1. The Exchange may perform Delisting in accordance with terms of this regulation if Sponsor Company experience one condition below: VIII.3.1.1. Sponsor Company Securities conducting process of Delisting at Other Stock Exchange or go private. VIII.3.1.2. experience condition, or event, which is significantly affect negative toward business continuance of Sponsor Company, either financially or legally, or toward the continuance status Listing of Sponsor Company at Other Stock Exchange or toward the continuance status as public company as determined by Capital Market authority of the originating country. VIII.3.1.3. The trading of IDR of Sponsor Company in Regular Market and Cash Market are suspended minimum the last 24 (twenty four) days. VIII.3.2. IDR Delisting Procedures by the Exchange VIII.3.2.1. If there is indication that Sponsor Company experience one or more condition as referred to in provision VIII.3.1. above, the Exchange shall conduct Hearing with Sponsor Company and or Custodian Bank. VIII.3.2.2. In the event the Exchange decides to conduct Delisting, the Exchange shall inform its decision to perform Delisting of IDR of Sponsor Company including schedules of implementation to Sponsor Company and or relevant Custodian Bank at the same Exchange Day the decision of such IDR Delisting made with carbon copy to Bapepam and LK. VIII.3.2.3. The Exchange shall announce in the Exchange in regard to the decision of Delisting of IDR of such Sponsor Company including

the implementation schedules of Delisting IDR of such Sponsor Company. The announcement shall be done by the latest on the beginning of I (session one) of the next Exchange day after deciding such Delisting IDR. VIII.3.2.4. If deemed necessary the Exchange may conduct Suspension for 5 (five) Exchange Days and further shall be traded only in Negotiation Market within 20 (twenty) Exchange Days prior to Delisting effective date. VIII.3.2.5. Delisting shall be effective on the date determined by the Exchange in Delisting decision, and shall be announced in the Exchange. Stipulated in Dated

: Jakarta : 12 June 2009

The Indonesia Stock Exchange Inc.

Erry Firmansyah President Director

Eddy Sugito Director

ATTACHMENT NUMBER: I-D.1

Number : ……………….. Attachment : ………………...

……(domicile)……(date /month/year)………

To: The Director of Company Appraisal of the Indonesia Stock Exchange Inc. Indonesia Stock Exchange Building, Tower I Lantai 6 Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190 Indonesia Regarding: Application for Preliminary Listing Agreement of Indonesian Depository Receipts (IDR)

Dear Sirs, Herewith we submit the application to obtain the preliminary agreement of the Indonesian Depository Receipts (IDR). We look forward to obtaining the preliminary contract from the Indonesia Stock Exchange as one of our requirements to submit the Registration Statement to the Capital Market Supervisory Agency and Financial Institution (Bapepam and LK) in frame of Initial Public Offering of Indonesian Depository Receipts (IDR) from the Underlying Securities ………… (name of the Sponsor Company)…., domiciled in …. (country of origin)….with address ……….. and has been registered in the …….. Exchange (name of the other Stock Exchange where the Sponsor Company has been registered)… since …..(date and year)…. (if any). For your consideration, enclosed herewith we submit the documents and the information of the company as follows: I.

General 1. 2. 3.

Name of the Sponsor Company Line of Business Address: • Head Office

: :

……..(Inc./Ltd/etc)…

Telephone Number Fax Number Email

: ……………… : ……………… : ………………

•

Telephone Number Fax Number Email

: ……………… : ……………… : ………………

: : :

……………………. ……………………. .…..………………. (if any)

Telephone Number Fax Number Email

Factory (if any )

Has been listed at another Stock Exchange: • Name of the Stock Exchange • Registered since • Reference Number of Registration Certificate • Address of the Stock Exchange

The Representative of the Sponsor Company: • Name of Supporting Profession

……………………. :

…………………….

: ……………… : ……………… : ………………

ATTACHMENT NUMBER: I-D.1

• Name of Contact Person • Address

: :

6. 7.

Securities Underwriter Nominal Value of Underlying Securities (if any)

: :

8. 9. 10. 11. 12.

Offering price estimate Ratio (IDR : Prime Stock) Amount of the offered IDR Amount of the Underlying Securities Amount of the Securities of the Sponsor Company

: : : : :

.…..………………. Telephone Number Fax Number Email

(if any) : ……………… : ……………… : ………………

(local currency)…… or equivalent to Rp.…………... (at rate Rp.…… /local currency per date ………….) Rp.………. /unit IDR ……………………. ……………………. unit IDR ……………………. Shares ……………………. Shares

II. Attachment of the submitted Document and Information 1.

Statement from the Legal Consultant registered with Bapepam and LK stating that the issuance of IDR does not violate the regulations applied in the country where the Sponsor Company is domiciled and from the country where the Underlying Securities of the Sponsor Company is registered.

Statement from the Legal Consultant registered in Bapepam and LK stating that the Sponsor Company is not involved in a legal dispute constituting a materially adverse effect to the Company.

An Organization Structure of the Sponsor Company up to the first level official below the board of directors.

A. Group Organization Structure that addresses the position of the Sponsor Company in the Group, if any.

The Register of Controlling Shareholder of the Sponsor Company along with the total number and percentage of its ownership before the issuance of IDR.

The Audited Financial Statement for the last 3 (three) financial years and the latest Interim Audited Financial Statement (if any).

A brief history of the Sponsor Company.

A Description regarding business activities of the Sponsor Company.

The analysis and review by management concerning business activities, performance, and financial position of the Sponsor Company.

10.

The analysis of business risk and business prospect of the Sponsor Company.

11.

The purpose of IDR listing in Indonesia.

12.

The amount of the offered IDR, the estimation offering price and the ratio of IDR conversion to Underlying Securities or vice versa.

ATTACHMENT NUMBER: I-D.1

13.

Dividend policy.

14.

The procedure of converting Underlying Securities into IDR or converting IDR into Underlying Securities.

15.

A summary of the contracts of the Sponsor Company which has material value.

16.

The ratio of performance, operation, growth, liquidity and solvability of the Sponsor Company for the period of last 3 (three) financial years.

17.

The payment receipt of registration fee for listing application.

18.

The copy of IDR administrative management contract with the Custodian Bank.

19.

The Copy of contract between the Sponsor Company and the Limited Liability Company or Legal Consultant and the Custodian Bank.

20.

The Copy of Listing Certificate at any Other Stock Exchange or the effective Statement letter from the authority of the Capital Market in the country of origin which has been legalized (if any).

21.

Particularly for the IDR listing application from the Sponsor Company has never been listed at any Other Stock Exchange or has never conducted a Public Offering in its country of origin as referred to in Regulation Number IX.A.10 regarding Public Offering of Indonesian Depository Receipts (IDR) in particular, therefore it must be completed with the additional document and information in Indonesian Language as follows: a. The purpose of using fund deriving from public offering through the issuance of IDR; b. The appraisal report from Independent Appraiser registered at Bapepam and LK, particularly for appraising the business and the asset of the Sponsor Company; c. The financial projection for a period of at least 3 (three) financial years including with the assumption; d. A copy of guarantee agreement in the scope of Public Offering between the Sponsor Company and the Issue Guarantor.

Thus be informed. Thank you for attention.

…………..(domicile), ………..(date)….. Board of Directors

President Director

Director

ATTACHMENT NUMBER: I-D.2

PRELIMINARY AGREEMENT ON LISTING OF INDONESIAN DEPOSITORY RECEIPT (IDR) (Preliminary Listing Agreement)

This Agreement is made on this day, …………………………….., by the undersigned: The Indonesia Stock Exchange Inc.

Domiciled in Jakarta, established by virtue of Deed of Establishment of IDX Number 27 dated 4 December 1991, passed before Mrs. Poerbaningsih Adi Warsito, SH., Notary in Jakarta, and has been amended several times and lastly amended by Deed Number 33 dated 13 June 2008, passed before Dr. Amrul Partomuan Pohan, S.H, LL.M, Notary in Jakarta and has obtained approval of the Minister of Law and Human Rights of RI Number AHU-01506.AH.01.02 Year 2009 dated 8 January 2009, in this case represented by …………………. in his capacity as President Director of the Indonesia Stock Exchange Inc, hereinafter referred to as the FIRST PARTY.

…..(Name of Sponsor Company)….

domiciled in ………., established by virtue of Deed of Establishment No ……………… which was later amended by Deed No …..………. and so forth and has been announced and registered at ………….. under reference Number ..……. and so forth, and lately amended on ……….. by Deed No….… and has been announced and registered in ………. under reference No……….. in this matter represented by ……………. in his capacity as member of the Board of Directors hereinafter referred to as the SECOND PARTY.

FIRST PARTY and SECOND PARTY jointly referred to as the Parties, firstly declare as follows: a. That SECOND PARTY intends to list IDR resulting from the Underlying Stock conversion at the Stock Exchange of the FIRST PARTY, and FIRST PARTY is willing to consider this matter; b. That in compliance with the provision set forth in paragraph 61 of Regulation IX C.1 concerning Guideline on the Nature and content of Listing Statement in the context of Public Offer (Decision of Chairman of the Capital Market Supervisory Board Number Ke-42/PM/200 dated 27 October 2000), the Parties agreed to enter into Stock Preliminary Listing (hereinafter referred to s “Agreement” based on the terms and conditions below:

ARTICLE 1 Listing of IDR at Indonesia Stock Exchange Inc. FIRST PARTY shall list IDR as requested by SECOND PARTY at the Indonesia Stock Exchange based on the following conditions: 1. Application of SECOND PARTY has been submitted pursuant to and in compliance with the applicable regulations, and

ATTACHMENT NUMBER: I-D.2

2. Based on consideration and the result of evaluation made by FIRST PARTY, the result of assessment shows that SECOND PARTY has complied with the listing requirements as stated in Regulation Number I-D concerning Listing of Indonesian Depository Receipts (IDR) at the Exchange which is issued by the Sponsor Company, especially those related to: a. Registration statement submitted to Bapepam and LK takes effect; b. Minimum number of IDR unit holder; c. Minimum number of IDR unit owned by a non-Controlling Shareholder IDR holder.

ARTICLE 2 Placement on the Listing Board The Stock Exchange shall list IDR Securities of the SECOND PARTY on the Main Board after having complied with the requirements for initial listing in accordance with Rule Number I-D concerning Listing of Indonesian Depository Receipts (IDR) at the Exchange duly established by the Sponsor Company.

ARTICLE 3 Early Termination This Agreement shall end if any of the following events occurs during the term of this Agreement: 1. Listing statement submitted to Bapepam and LK fails to take effect. 2. Application for listing by SECOND PARTY has obtained approval from FIRST PARTY and IDR of the SECOND PARTY is listed at the Stock register are listed at the Exchange of the FIRST PARTY. 3. Material change of data and/or information that caused the IDR Securities to be listed by the Sponsor Company fails to comply with early listing requirements at the Stock Exchange of the FIRST PARTY as referred to in Regulation Number I-D concerning Listing of Indonesian Depository Receipt (IDR) at the Exchange issue by the Sponsor Company.

ARTICLE 4 Term of Agreement This Agreement shall be effective for 6 (six) months as the date of execution of this Agreement This Agreement may be extended for 6 (six) months upon mutual agreement of the parties.

ARTICLE 5 Closing 1. The Parties agree to waive the provision of Article 1266 of the Civil Code of the Republic of Indonesia to the extent that it requires existence of court judgment to cancel or terminate this Agreement. 2. This Agreement is made in 2 (two) folds of original copy, each reads the same, duly stamped and having similar legal power upon execution by the Parties.

ATTACHMENT NUMBER: I-D.2

IN WITNESS WHEREOF, this Agreement is signed by the representatives lawfully appointed by the Parties on the day, date and year mentioned at the preamble of this Agreement.

The Parties

FIRST PARTY The Indonesia Stock Exchange Inc.

SECOND PARTY …..(name of Sponsor Company)…..

……………………………… President Director

………………………………… Directors

ATTACHMENT NUMBER: I-D.3

REPORT OF COMPOSITION OF IDR HOLDERS Name of Sponsor Company Type of Securities Report Date A.

: : :

Composition of IDR Ownership

Number of IDR Holders

Category of Number of IDR owned Until 500 501-10,000 10,001 – 1,000,000 1,000,001-10,000,000 10,.000,001 – 25,000,000 25,000,001 – 50,000,000

Total Number of IDR

List of IDR Holders who own 5% or more

No.

Name

Total Number of IDR

Nationality Status ( I/A)

Ownership Percentage (% of the total offered IDR)

List of Controlling Shareholders , Commissioners and Directors in the Sponsor Company No a.

b c.

Name Amount of shares owned by the Controlling Shareholders (excluded the Commissioner and/or Directors who are the controlling shareholders, if any ) Amount of shares owned by Commissioner and/or Board of Directors Amount of shares owned by employees, if any. TOTAL C = (a + b + c )

Amount of Shares

Note : If the Shareholder is a Limited Liability Company, it requires the list of Shareholders of that Company. D.

Controlling

Amount of Underlying Stock (Shares) which is the base for Preliminary Issuance of IDR and deposited in the Custodian Bank

Amount of Underlying Securities which is the base for Preliminary Issuance of IDR and deposited in the Custodian Bank

Ratio (IDR:Shares)

Amount of Preliminary Issuance of IDR

Jakarta, …………date & year …………………………….. Custodian Bank

…………………………….. Board of Directors of Sponsor Company

ATTACHMENT NUMBER: I-D.4

Number : ……………….. Attachment : ……………….

……(domicile)……(date/month/year)………

To : The Director of Company Appraisal The Indonesia Stock Exchange Inc. Indonesia Stock Exchange Building, Tower I Floor 6 Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190 Indonesia Regarding: Application for Listing Indonesian Deposit Receipts (IDR) Dear Sirs, With respect to the plan of our company to list the Underlying Securities based IDR of our Company in the form of Company Shares, herewith we submit the application for Listing the IDR at the Indonesia Stock Exchange. For your consideration, enclosed herewith we submit the documents and the information of the company as follows: I.

General 1. 2. 3.

Name of the Sponsor Company Line of Business Address: • Head Office

: :

……..(Inc./Ltd/etc)… …………………….

Phone Number Fax Number Email

: ……………… : ……………… : ………………

•

Phone Number Fax Number Email

: ……………… : ……………… : ………………

: : : :

……………………. ……………………. .…..………………. (if any) Phone Number : ……………… Fax Number : ……………… Email : ………………

Phone Number Fax Number Email

(local currency)…… or equivalent to Rp.…………... (at rate Rp.…… /local currency per date ………….) Rp.………. /unit IDR …………………….

Factory (if any )

Has been listed at another Stock Exchange: • Name of the Stock Exchange • Listed as of • Listing Certificate Reference No. • Address of the Stock Exchange

Nominal price of Underlying Securities

6. 7.

Initial Offering Price of IDR Ratio (IDR: Underlying Stock)

: :

: ……………… : ……………… : ………………

ATTACHMENT NUMBER: I-D.4

8. 9.

Total number of the offered IDR Total number of the first registered IDR 10. Total number of the Shares in Custodian Bank 11. Total number of the Underlying Securities 12. Total number of the Securities of the Sponsor Company

: :

……………………. unit IDR ……………………. unit IDR

……………………. Shares

II. Attachment to the submitted Document and Information: 1. 1 (one) copy of receipt of the effective registration submitted to the Bapepam and LK; 2. At least 5 (five) exemplars of Prospectus of Public Offering of IDR; 3. The list of names and signature speciments of the Custodian Bank Officials who have been given the authority to sign the correspondence submitted to the Exchange; 4. Statement Letter signed by the Sponsor Company concerning the willingness to comply with the Exchange Rule and laws in the Capital Market sector; 5. The Copy of Contract between the Sponsor Company and the Indonesian Central Securities Depository (KSEI) concerning the Collective Custodian of IDR at KSEI; 6. 1 (one) copy of the report on IDR holder composition in the form and substance in accordance with Attachment I-D.3 to this Rule.

Thus be informed. Thank you for your attention.

……..(domicile), ………..(date)….. Board of Directors

President Director

Director

ATTACHMENT NUMBER: I-D.5

STATEMENT LETTER

We the undersigned : 1. Name Title

: ………………………………………………………. : ……………………………………………………….

2. Name Title

: ………………………………………………………. : ……………………………………………………….

Pursuant to the Articles of Association of the Limited Liability Company act for and on behalf of name …………..( name of Sponsor Company )…….domiciled in ……………………..with: Head Office Address

………………………………………………………

No./Date of Business License from : relevant Authority

………………………………………………………

No./Date Effective Letter from : Capital Market Administrative Agency and Financial Institution

………………………………………………………

No./Date of Listing Certificate at : Other Stock Exchange

………………………………………………………

Hereby duly represent that: 1. We have read and understood all rules and regulations prevailing in the Indonesian Stock Exchange Inc. 2. We are willing to comply with the related regulations issued by the Indonesia Stock Exchange Inc. and any other laws in the Capital Market Sector and the implementing regulations thereof. This statement shall not be amended or revoked except with the approval of the Indonesia Stock Exchange. In witness whereof this statement is duly made to be used as appropriate.

Jakarta,……date, month and year.. ….(Sponsor Company)……. Board of Directors,

-- duly stamped—

(………………………….) Name, company seal

DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE NUMBER : Kep-306/BEJ/07-2004 CONCERNING RULE NUMBER I-E CONCERNING THE OBLIGATION OF INFORMATION SUBMISSION Considering

a. that in relation to improve investors protection through conditions which enables the improvement of information disclosure quality of the Listed Company, it is necessary to stipulate a provision concerning the obligation of report submission and information disclosure of the Listed Company, in a Decision of the Board of Directors; b. that to simplify and facilitate traders in interpreting and implementing the provisions of stock listing, it is necessary to improve the systematic of compiling and grouping the provisions of the Securities listing rules of several regulations and circulation letters into one regulation; c. that based on the consideration as mentioned in the above letters a and b, it is necessary to stipulate the Decision of the Board of Directors of the Jakarta Stock Exchange Inc. Concerning Rule Number I-E Concerning The Obligation of Information Submission.

In view of

1. Article 9 of Law Number 8 of 1995 concerning Capital Market (State Gazette of 1995 Number 64, Supplement Number 3608); 2. Article 1 Government Regulation Number 45 of 1995 concerning the Implementation of the Capital Market Activities (State Gazette of 1995 Number 86, Supplement Number 3617) as amended by Government Regulation Number 12 of 2004 (State Gazette of 2004 Number 27, Supplement Number 4372); 3. Bapepam Rule Number III-A.2 concerning Procedures for Rule Making By Securities Exchange (Attachment of the Decision of the Chairman of Bapepam Number Kep-03/PM/1996 dated 17th January 1996); 4. Letter of the Chairman of the Capital Market Supervisory Agency Number S-2167/PM/2004 concerning Approval of Draft of Securities Listing Rules of The Jakarta Stock Exchange Inc., dated 12th July 2004. DECIDING:

To stipulate

1. Rule Number I-E Concerning the Obligation of Information Submission as set forth in the Attachment to this Decision. 2. To revoke the provision of letter G Rule Number I Concerning Securities Listing (Attachment I Decision of the Board of Directors of the Jakarta Stock Exchange Inc. Number Kep-01/BEJ/1992 dated 17th February 1992);

SEY/ DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE NUMBER : Kep-306/BEJ/07-2004 CONCERNING RULE NUMBER I-E CONCERNING THE OBLIGATION OF INFORMATION SUBMISSION

4. This Decision shall be effective as of the stipulation date. Stipulated in On

: Jakarta : 19th July 2004

The Jakarta Stock Exchange Inc. Harry Wiguna Listing Director

Erry Firmansyah President Director

Carbon copy: 1. Chairman of the Capital Market Supervisory Agency (hereinafter referred to as “Bapepam”); 2. Executive Secretary of Bapepam; 3. Head of the Market Institutions and Trading Bureau, Bapepam; 4. Head of the Regulation and Legal Counsel Bureau, Bapepam; 5. Board of Commissioners of the Jakarta Stock Exchange Inc.

“This Decision in promulgated in Bahasa Indonesia. The translation into English language is for convenience only and shall not affect interpretation. In the event any inconsistency between the Bahasa Indonesia and English texts, the Bahasa Indonesia shall prevail.”

SEY/ DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE NUMBER : Kep-306/BEJ/07-2004 CONCERNING RULE NUMBER I-E CONCERNING THE OBLIGATION OF INFORMATION SUBMISSION

ATTACHMENT Decision of the Board of Directors Of The Jakarta Stock Exchange Number : Kep-306/BEJ/07-2004 Date : 19th July 2004

RULE NUMBER I-E: CONCERNING THE OBLIGATION OF INFORMATION SUBMISSION I.

DEFINITIONS In this Rule, the following terms shall mean: I.1.

Hearing means a kind of formal clarification request to the Listed Company concerning the matters related to the information disclosure through a direct meeting between the Listed Company and the Exchange.

I.2.

Exchange Day means a day when Securities trading takes place at the Exchange namely Monday to Friday, except the national holiday or declared as the Exchange holiday by the Exchange.

I.3.

Financial Statement means a complete Financial Statement consisting of sections of Balance Sheet, Profit and Loss Statement, Statement of Changes in Equity, Cash flow Report and Notes to the Financial Statement, which preparation and presentation is in accordance with Bapepam Rule Number VIII.G.7 concerning Guidelines for the Preparation of Financial Statements.

I.4.

Audited Financial Statement means the audited Financial Statement, incorporating the opinion, which is signed by the public accountant registered with Bapepam.

I.5.

Interim Financial Statement means the first quarter Financial Statement, the half year Financial Statement and the third quarter Financial Statement.

I.6.

Announcement means any information which is made available submitted by the Exchange either in writing, printed document, electronic data or display in a computer screens through the JATS or the Exchange website.

I.7.

Listed Company means Issuer or Public Company whose Securities are listed at the Exchange.

I.8.

The Jakarta Stock Exchange Inc. (Exchange) means the company domiciled in Jakarta which obtained the business license from Bapepam to organize and provide the system and or facility to converge the buying and selling orders of Securities for the purpose of Securities trading amongst them, as referred in Article 1 paragraph 4 of Law Number 8 of 1995 Concerning the Capital Market.

I.9.

Public Expose means a general expose to the public clarifying the performance of the Listed Company with the purpose of widely information distribution on the performance of such Listed Company.

SEY/ DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE NUMBER : Kep-306/BEJ/07-2004 CONCERNING RULE NUMBER I-E CONCERNING THE OBLIGATION OF INFORMATION SUBMISSION

II.

I.10.

Total Asset means the total resources controlled by the company which resulted from the past events and from which the future economic benefits which are expected will be obtained by the company.

I.11.

Total Liabilities means the outstanding obligations of company that arisen from the past events which source of the settlement expected from the companyâ&#x20AC;&#x2122;s resources.

GENERAL TERMS OF REPORT AND INFORMATION DISCLOSURE II.1.

In order to conduct the orderly, properly and efficient Stock trading and to enable the spreading of information more widely at the Exchange, the Exchange may suspend the trade of a Stock throughout the market or at a certain market, for a certain period. The said suspension herein is not considered as a sanction against the Listed Company.

II.2.

The Exchange shall be entitled to demand a clarification, either in writing or through a Hearing, from the Listed Company on the assumption of Exchange rule violation conducted by the Listed Company.

II.3.

In the event the Exchange requests an explanation from the Listed Company concerning the matters in respect of report submission obligation of the Listed Company pursuant to this Rule, the Listed Company must give a written response on the inquiry of the Exchange at the latest 3 (three) Exchange Days after the receipt, via facsimile or other means, of such inquiry.

II.4.

In the event the clarification inquired by the Exchange can not be published or it is considered confidential or has not been clarified by the Listed Company, the Listed Company must submit the information or statement on its inability to fulfill the said inquiry and the reason thereto.

II.5.

Announcement has been made upon publication at JATS or the Exchange website or other media or is recited at the Exchange.

II.6.

The Exchange shall conduct a research upon information and document submitted by the Listed Company and shall make decision upon such matters providing that not only considering the formal aspect, but also considering the requirements substance.

II.7.

In order to conduct the orderly, properly and efficient Stock trading, the Listed Company must submit to the Exchange a periodical report, incidental report, and conduct a Public Expose as stipulated in provisions III, IV, and V of this Rule.

II.8.

The periodical reports and incidental reports must be submitted by the Listed Company to the Exchange simultaneously with the submission of the said information to public.

II.9.

The content of data and or information which contained in the report that submitted by electronic media must be identical to data and or information submitted in a printed original document.

SEY/ DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE NUMBER : Kep-306/BEJ/07-2004 CONCERNING RULE NUMBER I-E CONCERNING THE OBLIGATION OF INFORMATION SUBMISSION

III.

II.10.

The report as mentioned in this Rule must be submitted to the Exchange in Bahasa Indonesia. In the event the Report is not made in Bahasa Indonesia, the Listed Company is still obliged to make the said report in Bahasa Indonesia and submit the said report to the Exchange in accordance with the prevailing provision. If there is a discrepancy of data and or information and or interpretation between the report in Indonesian language and the report in other language, the Bahasa Indonesia report shall prevail.

II.11.

In the event the due date of the submission of the said information as stipulated in this Rule is the holiday, the Listed Company must subsequently submit the said report at the latest the last Exchange Day prior to the said holiday.

II.12.

The report as set forth in this Rule shall be announced by the Exchange at the latest on the next Exchange day after the Exchange receives the said report.

II.13.

The report submission obligation as stated in this Rule shall survive during Suspension of shares of the Listed Company.

II.14.

The Listed Company must submit a list of official who is authorized to submit the report to the Exchange as stipulated in this Rule together with the signature specimen of the said official and its amendment.

PERIODICAL REPORT III.1.

Financial Statement: III.1.1.

III.1.2.

The Listed Company must periodically submit a Financial Statement to the Exchange covering the followings: III.1.1.1.

Annual Financial Statement;

III.1.1.2.

Interim Financial Statement.

The Financial Statement as referred to in provision III.1.1. above, must be made and presented in accordance with Bapepam Rule Number VIII.G.7. Concerning Guidelines for the Preparation of Financial Statement and Guidelines for the Preparation and Disclosure of Financial Statement of Issuer, covering the following components: III.1.2.1.

Balance Sheet;

III.1.2.2.

Profit and Loss Statement;

III.1.2.3.

Statement of Changes in Equity;

III.1.2.4.

Cash flow Statement;

III.1.2.5.

Other statement and explanation material which are an integral part of the Financial Statement if required by the authorized institution in accordance with its industry type; and

SEY/ DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE NUMBER : Kep-306/BEJ/07-2004 CONCERNING RULE NUMBER I-E CONCERNING THE OBLIGATION OF INFORMATION SUBMISSION

III.1.2.6.

Notes to the Financial Statement.

III.1.3.

In the event the Financial Statement does not consist all of the Financial Statementâ&#x20AC;&#x2122;s components as set forth in provision III.1.2. above, the Exchange shall consider the Listed Company to have not conducted its obligation herein and it is still obligated to submit the Financial Statement within deadline as stipulated herein. The incompleteness of Financial Statement components submitted by the said listed Company shall not delay the announcement of relevant information by the Exchange.

III.1.4.

If there is any change to more than 20% (twenty percent) of Total Asset and or Total Debt reflecting in the Interim Financial Statement or Annual Financial Statement for the period of current financial year comparing to the last Audited Annual Financial Statement, the Listed Company must give a written clarification to the Exchange concerning the reason of such change and the managementâ&#x20AC;&#x2122;s opinion regarding the impact of such change to the financial performance of the Listed Company for the current year simultaneously with the submission of the Financial Statement,.

III.1.5.

Any submission of the Financial Statement to the Exchange as regulated in this rule must attach management statement letter as regulated in Bapepam Rule Number VIII.G.11 concerning Responsibility of the Board of Directors on the Financial Statement.

III.1.6.

The time frame of the submission of the Financial Statement is as follows: III.1.6.1.

III.1.6.2.

III.1.7.

Interim Financial Statement: III.1.6.1.1.

the audited Interim Financial Statement by a Public Accountant, at the latest 3 (three) months after the date of the said Interim Financial Statement;

III.1.6.1.2.

the limited reviewed Interim Financial Statement by a Public Accountant, at the latest 2 (two) months after the date of the said Interim Financial Statement.

III.1.6.1.3.

the un-audited Interim Financial Statement by a Public Accountant, at the latest 1 (one) month after the date of the said Interim Financial Statement.

The audited Annual Financial Statement must be submitted at the latest at the end of the 3rd (third) month after the date of the Annual Financial Statement.

Any Listed Company intending to conduct an audit or limited review on the Interim Financial Statement must submit a written notice thereto

SEY/ DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE NUMBER : Kep-306/BEJ/07-2004 CONCERNING RULE NUMBER I-E CONCERNING THE OBLIGATION OF INFORMATION SUBMISSION

including its reason/purpose to the Exchange at the latest 1 (one) month after the date of the said interim Financial Statement. III.1.8.

In the event the submitted Interim Financial Statement is not audited or not limited reviewed by the Public Accountant, the said Financial Statement must contain equivalent quality of disclosure to the disclosure that is existed in the latest Audited Financial Statement. The meaning of equivalent in this rule is that a description concerning an accountant policy, material accounts and other explanation in the note of the Financial Statement must follow the form and the quality of explanation which is contained in the latest Audited Financial Statement.

III.1.9.

In case of the Audited Financial Statement of the Listed Company obtains a Qualified opinion from the Public Accountant, then simultaneously with the submission of the Financial Statement to the Exchange, the Listed Company must submit matters that are qualified by the Public Accountant and submit a written clarification to the Exchange concerning the amount of Total Asset, Liabilities, Equity, Gross Profit, Business Profit, Net Profit, Profit Per Share if the said matters that are qualified concerns the application of PSAK. If such qualification is deemed not to have affected the balance of the abovementioned accounts, the Listed Company must give the reason.

III.1.10. In case of the Audited Financial Statement of the Listed Company obtains a Disclaimer or an Adverse opinion from the Public Accountant, then simultaneously with the advertisement of the Financial Statement in the newspaper or the date of submission of the financial statement, the Listed Company must submit a written explanation to the Exchange, covering the followings: III.1.10.1. details of the cause of the Disclaimer or Adverse opinion; III.1.10.2. clarification of the board of directors of the listed Company concerning the following matters: III.1.10.2.1. production activity employee if any;

and

problem

with

III.1.10.2.2. business going concerns of the Listed Company. III.1.10.3. conduct a Public Expose as referred to in provision V.2. and the procedures of organizing the Public Expose as referred to in provision of V.3. of this Rule. III.1.11. For any Listed Company being a Member of the Stock Exchange or listed in other Stock Exchange, the Financial Statement must be submitted to the Exchange in the most expedient way applicable in the said Listed Company. III.1.12. In case of the Listed Company conducts a publication of the Financial Statement prior to the submission to the Exchange, then the complete 7

SEY/ DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE NUMBER : Kep-306/BEJ/07-2004 CONCERNING RULE NUMBER I-E CONCERNING THE OBLIGATION OF INFORMATION SUBMISSION

Financial Statement as mentioned in the provision III.1.2. must have been submitted to the Exchange at the latest on the same Exchange Day with the said Financial Statement publication. III.1.13. In case of the Listed Company cannot submit the Financial Statement within the period as referred to in provision III.1.12. above, the Listed Company must clarify the cause of inability to submit the Financial Statement on the same Exchange Day with the said Financial Statement publication. III.2.

III.3.

Annual Report: III.2.1.

The Listed Company must submit an Annual Report to the Exchange in accordance with Bapepam Rule Number: VIII.G.2 concerning Annual Report.

III.2.2.

In case of the Listed Company has submitted the Annual Report within 3 (three) months after the closing of the financial year of the company, then the said Listed Company is allowed to do not submit an Audited Annual Financial Statement.

Other Periodical Report: III.3.1.

For a Listed Company whose business is mining industry conducting exploration activities to find out any natural resource reserve in respect of business development must submit monthly report concerning the exploration activity, including the amount of cost spent, the party who conducts the exploration, the method of investigation and the selection of area of the applied investigation, and the result of the said activity until the period of the exploration is finished. The said report must be submitted to the Exchange at the latest on the 12th (twelfth) day of the following month.

III.3.2.

The obligation as referred to in provision III.3.1. above also applies to the Listed Company which has and controls a subsidiary engaging in mining industry.

III.3.3.

The Listed Company must submit a report to the Exchange concerning the use of the proceeds resulting from public offering every 3 (three) months until such proceeds has been realized as referred to in Bapepam Rule Number: X.K.4. Concerning Report on the Use of Funds Received From a Public Offering and clarification on the purpose of such proceeds as presented in the prospectus, and the respective realization thereto as per report date.

III.3.4.

The Listed Company which issues Convertible Bond, Warrants and or other convertible Securities, must submit a monthly report regarding the followings: III.3.4.1.

the implementation of Convertible Bond, Warrants and or other convertible Securities to become shares, and the remaining of the Convertible Bond, Warrants and or other Convertible Stock that have not been converted and the 8

SEY/ DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE NUMBER : Kep-306/BEJ/07-2004 CONCERNING RULE NUMBER I-E CONCERNING THE OBLIGATION OF INFORMATION SUBMISSION

potency of the total of shares resulted from the conversion of the said Convertible Bond, Warrants and or other convertible Securities, at the latest the following Exchange Day after the conversion has been conducted; III.3.4.2.

IV.

the Listed Company must submit a monthly report of registration activity at the latest on the 12th (twelfth) following month, inter alia, contains the following: III.3.4.2.1.

name and address of the Controlling Shareholder and its total number of shares;

III.3.4.2.2.

name and address of the shareholder who owns 5% (five percent) or more shares of the Listed Company and its total number of shares;

III.3.4.2.3.

total number of shares owned by the respective board of directors and the board of commissioners of the Listed Company;

III.3.4.2.4.

total number of shareholders.

III.4.

In case of the Controlling Shareholder as mentioned in provision III.3.4.2.1. above is a non listed Limited Liability Company, the registration report as referred to in provision III.3.4.2. above shall also include information on name and address of the Controlling Shareholder of the said Limited Liability Company and its total number of shares.

III.5.

The Listed Company whose warrants are listed at the Exchange must submit a report concerning the structure and composition of the warrant holder at the end of each month at the latest on the 12th (twelfth) day of following month.

III.6.

In case of the listed Company will conduct Corporate Actions that result in the dilution of the holder of Equity-Type Securities Other Than Stock, the relevant Listed Company must report to the Exchange concerning Corporate Actions that are taken and interest protection effort of the holder of Equity-Type Securities Other Than Stock in accordance with an agreement of issuance of Equity-Type Securities Other Than Stock at the latest the following Exchange Day after the Listed Company has decided to take such action.

INCIDENTAL REPORT IV.1.

The Listed Company must submit an incidental report as soon as possible to the Exchange concerning every material incident, information or fact related to the Listed Company and or subsidiary whose financial statement is consolidated with the Financial Statement of the Listed Company that can influence the value of the Listed Companyâ&#x20AC;&#x2122;s Securities and or the investorâ&#x20AC;&#x2122;s decision, after the occurrence of the said material information or fact.

IV.2.

Material event, information or fact related to the Listed Company and or subsidiary and or holding company that can influence the value of the Listed 9

SEY/ DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE NUMBER : Kep-306/BEJ/07-2004 CONCERNING RULE NUMBER I-E CONCERNING THE OBLIGATION OF INFORMATION SUBMISSION

Company’s securities and or the investor’s decision as referred to in provision IV.1. above, covering but not limited to the following: IV.2.1.

the material event, information or fact as referred to in number 2 of Bapepam Rule Number X.K.1. concerning Disclosure of Information That Must Be Made Public Immediately;

IV.2.2.

a transaction that contains conflict of interest as referred to in Bapepam Rule Number IX.E.1. concerning Conflict on Interest of Certain Transaction;

IV.2.3.

the Material Transaction and the change of line of business as referred to in Bapepam Rule Number IX.E.2. concerning Material Transaction and Core Business Shifting;

IV.2.4.

a Tender Offer by a certain party on the Listed Company’s share as stipulated in Bapepam Rule Number IX.F.1. concerning Tender Offers;

IV.2.5.

information concerning the plan of a certain party to conduct the acquisition of the Listed Company as stipulated in Bapepam Rule Number IX.H.1. concerning Open Limited Company Takeover;

IV.2.6.

information regarding repurchase plan that has been issued by the Listed Company as stipulated in Bapepam Rule Number XI.B.2. concerning Repurchase of Share That Have Been Issued by an Issuer or Public Company;

IV.2.7.

information regarding merger or consolidation plan as stipulated in Bapepam Rule Number IX.G.1 concerning Merger or Consolidation of Public Company or Issuer;

IV.2.8.

share splitting, allotment of share dividend, cash dividend, bonus share and increasing of capital;

IV.2.9.

effort of shares offer of the Listed Company to certain parties through a road show activity;

IV.2.10. the participation of a potential investor to become a Controlling Shareholder; IV.2.11. the discontinuation of part of or all of the operation activities of the company, and or subsidiary and or business segment caused by non routine activity; IV.2.12. the freezing of the Listed Company’s principal product or encountering a condition potentially leads to the freezing of the Listed Company’s principal product; IV.2.13. statement of being unable to pay the loan interest and or principal loan or accept a statement from a creditor stating that the Listed Company is in default payment pursuant to the agreement with the creditor;

SEY/ DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE NUMBER : Kep-306/BEJ/07-2004 CONCERNING RULE NUMBER I-E CONCERNING THE OBLIGATION OF INFORMATION SUBMISSION

IV.2.14. the existence of bankruptcy application or Application on Debt Payment Obligation Postponement (PKPU), either applied by the Listed Company itself or the Creditor or the relevant authority, pursuant to the prevailing Laws and regulations, including the progress which occurs during the judicial process that relates to the said bankruptcy application or the PKPU postponement and all of important matters or court order that relates to the said judicial process including as stipulated in Bapepam Rule Number X.K.5 concerning Disclosure of Information by Issuers or Public Companies with respect to Declarations of Bankruptcy; IV.2.15. the change of the use of funds resulted from the public offering from what has been stipulated in the Prospectus; IV.2.16. the occurrence of a material incident, information or fact that is potential in influencing business to the existence and or an ability to obtain the Listed Company’s profit; IV.2.17. other matters which appropriately can be deemed potential in influencing the price and or investment decision of an investor. IV.3.

In case of any news related to the Listed Company which is published in nationally circulated mass media that can influence the Listed Company’s Securities price and or the investment decision of investors while the said news has never been reported to the Exchange or has been partially reported, then the Listed Company must immediately at the latest the following Exchange Day submit the clarification on the correctness or incorrectness a part of or all the said news.

IV.4.

The incidental report as referred to in provision IV.2. and IV.3. above shall be immediately announced by the Exchange after the Exchange receives the said report;

IV.5.

The Listed Company must submit the announcement advertisement evidence and an evidence of the summon advertisement containing agendas on the plan of the General Meeting of Shareholders (GMS) and or General Meeting of Bondholders (GMB) in writing to the Exchange at the latest on the same Exchange Day as the date of the advertisement.

IV.6.

At the latest 2 (two) following Exchange Days after the GMS or GMB, the Listed Company must submit a report of the GMS or GMB to the Exchange attaching summary of meeting resolution made by a Notary.

IV.7.

In case of the General Meeting of Shareholders does not accept part or entire report of the Board of Directors’ accountability or does not ratify the annual report and annual assessment, the Listed Company must give a written detail to the Exchange concerning the matters that cannot be accepted or are not approved by the shareholders being present at the meeting. Such clarification must be submitted simultaneously with the submission of the GMS and or GMB result as referred to in provision IV.5. above.

IV.8.

Any amendments to the Articles of Association either subject to be reported to the relevant authority or subject to approval from the relevant authority must be 11

SEY/ DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE NUMBER : Kep-306/BEJ/07-2004 CONCERNING RULE NUMBER I-E CONCERNING THE OBLIGATION OF INFORMATION SUBMISSION

reported to the Exchange at the latest on the following Exchange day after the report of the amendment to the Articles of Association or approval on the said amendment to the Articles of Association is obtained by the Listed Company. IV.9.

The Listed Company must report to the Exchange within 2 (two) Exchange Days after the occurrence of the following matters: IV.9.1.

appointment, replacement or termination of Securities administration management with the BAE;

IV.9.2.

change of the Listed Company’s address, e-mail address, telephone number or facsimile number related to the information distribution to public;

IV.9.3.

appointment or replacement of Corporate Secretary;

IV.9.4.

appointment or replacement of a public accountant and reason for such replacement.

IV.10. For any Listed Company whose Securities are also listed at other Stock Exchange must submit all mandatory information or report by the said other Stock Exchange to the Exchange simultaneously with the submission of information to the other Stock Exchange. IV.11. In case of loss or destroy or damage of shares, the Listed Company may submit information to the Exchange concerning such loss or destroy or damage of share and the Exchange shall announce the said information at the latest 1 (one) Exchange Day after the Exchange receives a notification letter from the Listed Company. IV.12. The correctness of data which submitted by the Listed Company as referred to in provision IV.11. above shall become the Listed Company’s full responsibilities. V.

PUBLIC EXPOSE OBLIGATION V.1.

Any Listed Company must organize an annual Public Expose at least 1 (one) time in a year that can be conducted on the same day as the realization of the GMS.

V.2.

In addition to the annual Public Expose as referred to in provision V.1 above, the Listed Company must organize an incidental Public Expose at the Exchange request if according to the Exchange:

V.3.

V.2.1.

the Listed Company experiencing an event or incident or there is information that can influence the Securities value or the investor’s decision; and

V.2.2.

the written explanation that is submitted by the Listed Company has not been sufficient.

The procedures of organize an incidental Public Expose as referred to in provision V.2 above is stipulated in the Exchange decision letter. 12

SEY/ DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE NUMBER : Kep-306/BEJ/07-2004 CONCERNING RULE NUMBER I-E CONCERNING THE OBLIGATION OF INFORMATION SUBMISSION

V.4.

The procedures of organize an annual Public Expose shall be as follows: V.4.1.

V.4.2.

V.5.

VI.

The Listed Company must submit information concerning the Public Expose plan to the Exchange at the latest 10 (ten) Exchange Days prior to the organization of the said Public Expose, and such information shall contain amongst other things as follows: V.4.1.1.

date and time of the Public Expose;

V.4.1.2.

venue of the Public Expose;

V.4.1.3.

management personnel who will attend the Public Expose.

The Listed Company must submit the Public Expose material to the Exchange at the latest 3 (three) Exchange Days prior to the date of the Public Expose, which amongst other things covers the following matters: V.4.2.1.

the recent financial and operation performance review that can be disclosed;

V.4.2.2.

obstacles that are dealt with, including the uncertainty condition, if any;

V.4.2.3.

an effort to improve the company’s performance;

V.4.2.4.

financial projection, if any;

V.4.2.5.

other matters deemed necessary by the Exchange to be disclosed to the public;

V.4.2.6.

other matters which are necessary to be disclosed to the public by the Listed Company.

V.4.3.

The Public Expose can be held at the Exchange office or other place that can facilitate the presence of investors, analysts, fund managers, Stock Exchange Member representatives and mass media.

V.4.4.

The Listed Company must submit to the Exchange the report on Public Expose at the latest 3 (three) Exchange Days after the Public Expose, which amongst other things contains a summary of the Public Expose participant’s questions and the answers of the Listed Company’s management and the resume of the said Public Expose result, by attaching a copy of the attendance list.

The substance and presentation of the Public Expose must be in Bahasa Indonesia.

REPORT SUBMISSION PROCEDURES

SEY/ DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE NUMBER : Kep-306/BEJ/07-2004 CONCERNING RULE NUMBER I-E CONCERNING THE OBLIGATION OF INFORMATION SUBMISSION

VI.1.

VI.2.

Any report submission by the Listed Company to the Exchange as mentioned in this Rule must be submitted in the following forms: VI.1.1.

original printed document signed by the board of directors and or officer appointed or authorized by the board of directors; and

VI.1.2.

electronic document in the form of pdf.file (portable document format) converted from the printed document or other electronic document as stipulated by the Exchange.

In submitting the report electronically as referred to in provision VI.1.2. above, the Listed Company must submit the report in compliance with procedures stipulated by the Exchange. Such report submission procedures by the Listed Company are further stipulated in the Exchange Circular Letter. Stipulated in On

: :

Jakarta 19th July 2004

The Jakarta Stock Exchange Inc. Erry Firmansyah President Director

Harry Wiguna Listing Director

â&#x20AC;&#x153;This Decision in promulgated in Bahasa Indonesia. The translation into English language is for convenience only and shall not affect interpretation. In the event any inconsistency between the Bahasa Indonesia and English texts, the Bahasa Indonesia shall prevail.â&#x20AC;?

SEY/ DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE NUMBER : Kep-306/BEJ/07-2004 CONCERNING RULE NUMBER I-E CONCERNING THE OBLIGATION OF INFORMATION SUBMISSION

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.F.1 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK024/LGL/BES/XI/2004 dated November 25, 2004) No. Revision: 2.0

Status: Controlled

SECURITY LISTING RULES NUMBER I.F.1: DEBT SECURITY LISTING A. REQUIREMENTS Any Issuers intending to make Debt Security Listing on the Exchange shall satisfy the following requirements: 1. Satisfaction of all general security listing rule as set out in Security Listing Rule Number I.A on General Security Listing Rules Number I.A.1 on Preliminary Security Listing Agreement and Number I.A.2 on Initial Security Listing; 2. Issuer being in the form of Legal Entity; 3. Having been in operation for at least 3 (three) years; 4. having equity of at least Rp 20,000,000,000.- (twenty billion Rupiah); 5. Earning operating profits within the last 1 (one) year; 6. The Statement of Registration having been certified as effective 7. The financial statements for the last 3 (three) consecutive years having been audited by a Public Accountant registered with Bapepam and qualified opinion being given to the said financial statements. 8. The security being rated as BBB- (investment grade) by a Security Rating Institution registered with Bapepam; B. PROCEDURE 1.

Before listing its Debt Securities on the Exchange, the Issuer shall first enter into and execute Preliminary Security Listing Agreement with the Exchange in accordance with Security Listing Rule Number I.A.1 on Preliminary Security Listing Agreement, unless the Issuer has obtained Declaration of Effectiveness from Bapepam. Issuer that has entered into and executed Preliminary Security Listing Agreement or has obtained Declaration of Effectiveness from Bapepam shall submit the Debt Security Listing Application in the form of Appendix I/F.1-1 hereto. The listing procedure of debt security shall refer to the Security Listing Rule Number I.A.2 on Initial Security Listing.

Page 1 of 2

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.F.1 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number SK024/LGL/BES/XI/2004 dated November 25, 2004) No. Revision: 2.0

Status: Controlled

Appendix I.F.1-1 to the Rule Number I.F.1 : Debt Security Listing Number : ………………..……………….. Attachment : ………………..……………….. ………………..20…. To: President Director PT. Bursa Efek Surabaya ……………………………….. Re: Application for Debt Security Listing Dear Sir or Madam, I, the undersigned : ……………………………….. Name : ……………………………….. Position : ……………………………….. For and on behalf of Company : PT……………………………….. Address : ……………………………….. Taxpayer ID Number : ……………………………….. Hereby apply for the listing of Debt Securities in the form of …… (specify type(s) of the Debt Securities) having total nominal value of Rp………………. On the Surabaya Stock Exchange. Details of Debt Securities to be listed are as follows: a. Name of Debt Security : b. Type of Debt Security : Corporate Bond/Convertible Bond/ Exchangeable Bond or other Debt Securities c. Type of Interest/Coupon of Debt Security : Fixed/Floating/Fixed and Floating The Debt Securities will be listed on the Surabaya Stock Exchange on……… I submit the following documents in connection herewith for your consideration: 1. 1 (one) copy of Certificate of Declaration of Effectiveness; 2. 1 (one) copy of Trust Agreement; 3. 1 (one) copy of Investment Grade issued by Security Rating Institution; 4. Report of the Result of Initial Public Offer in accordance with the Appendix to Bapepam Regulation IX.A.2 on the Procedure of Registration for the purpose of Public Offer; 5. 5 (five) copies of Jumbo Certificate of Debt Security 6. 5 (five) copies of Prospectus 7. Issuer’s Letter of Statement in the form of Appendix I.A.2-1 Thank your for your attention. Best regards, Board of Directors of PT…………………… (…………………………………..) signature & printed name *) Delete if not applicable

Page 2 of 2

SECURITY LISTING RULES NUMBER I.F.2: GOVERNMENT SECURITIES LISTING A. DEFINITION In this Regulation, 1.

Exchange shall mean PT Bursa Efek Surabaya.

Government Securities shall mean securities in the form of note of acknowledgment of indebtedness in Rupiah and foreign currency which the interest and principal payments thereof shall be guaranteed by the State of Republic of Indonesia, according to its effective term, as referred to in the Law of the Republic of Indonesia regarding Government Securities. Gove rnment Securities shall consist of State Treasury Note and Government Bonds.

Reopening shall mean addition to nominal value of Government Securities series equal to those already issued and listed.

B. LISTING PROCEDURE The Exchange shall announce Govern ment Securities listing based on official information issued by the Ministry of Finance of the Republic of Indonesia not later than 1 (one) Exchange Day as of the date of issue of the Government Securities. C. LISTING EXPENSES 1.

Listing fee for the Government Bonds shall only consist of initial listing fee.

The Exchange shall collect initial listing fee to the Directorate General of Treasury of the Ministry of Finance of the Republic of Indonesia

after the Listing Date . 3.

Initial listing fee shall be paid to the Exchange account based on the invoice as referred to the article in letter C point 2 hereof.

Listing

fee

the

Government

Bonds

shall

amount

100,000,000.00 (one hundred million Rupiah) for each new issue or Reopening at the value of Rp 1,000,000,000,000.00 (one trillion Rupiah) or more. 5.

Government Bonds listing that constitutes new issue and Reopening at the value of less than Rp 1,000,000,000,000.00 (one trilliun rupiah), shall not be imposed by listing fee.

If State Treasury Note is listed at the Exchange, the listing fee imposition thereof shall be further determined.

D. DISCLOSURE OF INFORMATION The Exchange shall announce official information on Government Securities already published by the Ministry of Finance of the Republic of Indonesia, namely: 1.

Government Securities buy back by the Government of the Republic of Indonesia.

Amendment to the Government regulation or policy pertaining to Government Securities.

Changes to information Government Securities as stipulated in letter B hereof (if any).

The amount of circulating Government Securities and composition thereof, including type of currency, maturity structure, and interest rate.

Other matters that are material and must be immediately announced to the public.

E. MISCELLANY If the Government Securities is due, bought back, or declared paid by the Government of the Republic of Indonesia, the Government Securities shall be excluded from the Exchange listing. Stipulated in: Surabaya Dated: July 18, 2006 PT Bursa Efek Surabaya

Bastian Purnama

T. Guntur Pasaribu

President Director

Director

I, Anang Fahkcrudin, a sworn and authorized translator, by virtue of Jakarta Capital Territory Governorâ&#x20AC;&#x2122;s Decree No. 2228/2001, practicing in Jakarta, do solemnly and sincerely declare that the foregoing document is a true and faithful translation from Indonesian into English of the original version.

Jakarta, September 20, 2006

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.F.3 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number Kep010/DIR/BES/V/2007 dated May 29, 2007) No. Revision : 0.0

Status : Controlled

SECURITY LISTING RULE NUMBER I.F.3: MUNICIPAL BONDS LISTING

DEFINITION In this rule, the following terms shall have the following meanings: 1.

Exchange shall mean PT Bursa Efek Surabaya.

Autonomous Region, hereinafter referred to as Region, shall mean a unity of legal community with

territorial limits that is

authorized to arrange and manage administration affairs and local community’s interests at its own initiative based on community’s aspiration in the Unitary State system of the Republic of Indonesia. 3.

DPRD (Regional House of People’s Representatives), hereinafter referred to as DPRD, shall mean a regional representative agency of people as an element of regional administration organization.

Head of Region shall mean governor for a provincial area or regent for a Regency or mayor for a city.

Municipal Bonds shall mean bonds issued by Region through public offering.

Project shall mean an activity that constitutes part of a program consisting of mobilization of resources in the form of personal (human), capital goods including equipment and technology,

fund, or combination of several or all types of resources as inputs to generate outputs in the form of goods/ services. B.

REQUIREMENTS Municipal Bonds Listing at the Exchange shall fulfill the following provisions: 1.

To fulfill general provisions on security listing as referred to in Security Listing Rules Number I.A regarding General Provisions on Security Listing Number I.A.1 regarding Preliminary Security Listing Agreement and Number I.A.2 regarding Preliminary Security Listing.

The Region holding public offering of municipal bonds shall fulfill the provisions on issue of municipal bonds as regulated in the relevant legislation.

Registration Statement for public offering of municipal bonds shall be effective.

PROCEDURE 1.

Before listing municipal bonds at the Exchange, the Region holding public offering of municipal bonds shall first sign Preliminary Security Listing Agreement with the Exchange by following the procedure as regulated in the Security Listing Rules Number I.A.1 regarding Preliminary Security Listing Agreement.

Written request for Preliminary Security Listing Agreement for municipal bonds shall be filed according to Appendix I.F.3-1 hereto, accompanied with form as contained in Appendix I.F.3-2

hereto. Form and content of

Preliminary Security Listing

Agreement shall conform to Appendix I.F.3-3 hereto. 3.

The Region of which the registration statement of municipal bonds has been effective and will list the said municipal bonds at the Exchange, shall file an application for municipal bonds listing in accordance with Appendix I.F.3-4 hereto.

Procedure for municipal bonds listing shall follow the provisions in Security Listing Rules Number I.A.2 regarding Preliminary Security Listing.

LISTING FEE 1.

Municipal bonds listing fees shall consist of initial listing fee and annual listing fee.

Listing fee as referred to herein shall exclude Value-added Tax (VAT) at such rate pursuant to the prevailing tax legislation, which must be paid together with the payment of listing fees by the Region to the Exchangeâ&#x20AC;&#x2122;s account.

Provisions on initial and annual listing fees of municipal bonds shall follow those of debt security listing fee in Security Listing Rules Number I.A.5 regarding Security Listing Fee.

REPORTING OBLIGATION 1.

Reporting obligation for Issuer listing debt security as regulated in Security Listing Rules Number I.A.3 regarding Reporting Obligation of Issuer shall apply to the Region holding public offering of municipal bonds and listing them at the Exchange, except the pr ovisions on reporting obligation for Issuer whose

declaration of bankruptcy is requested, report on change of Board of Directors, Commissioners, and Secretary of the Company, and Audit Committee, report on amendment to the Articles of Association, and repo rt on bonds rating result. 2.

The Region holding public offering of municipal bonds and listing them at the Exchange shall submit material information to the Exchange within not later than 2 (two) Exchange Days after there is a decision, information, or material fact that may influence municipal bonds value or decision on investorsâ&#x20AC;&#x2122; investment among others: a.

Change of head of region, deputy head of region, chairman of municipal bonds management unit, project management, and project treasurer;

Amendment to the legislation that significantly affects the Region and generates impact on financial statement;

Changes of borders and name of the Region;

Material information relating to the Project financed by the issue of municipal bonds, including but not limited to material damage resulting from fire or natural disaster, theft, labor strike, dispute, or legal claim to the Project;

Municipal bonds rating result (if any);

Change of municipal bonds management unit; and

Change of projected ratio rate of the Regionâ&#x20AC;&#x2122;s financial capacity to return loan or Debt Service Coverage Ratio (DSCR).

SANCTION Provisions on sanction as regulated in Security Listing Rules Number I.A.6 regarding Sanction shall also apply to the Region holding public offering of municipal bonds and listing them at the Exchange.

DELISTING Provisions on delisting as regulated in Security Listing Rules Number I.A.7 regarding Security Delisting shall also apply to the Region holding public offering of municipal bonds and listing them at the Exchange.

Stipulated in: Surabaya on May 29, 2007 Board of Directors,

[signed]

Bastian Purnama

T. Guntur Pasaribu

President Director

Director

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.F.3 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number Kep010/DIR/BES/V/2007 dated May 29, 2007) No. Revision : 0.0

Status : Controlled

APPENDIX I.F.3-1 TO REGULATION NO. I.F.3: MUNICIPAL BONDS LISTING Number : Attachment: ……………………………, ……………………………………… 20…… To: President Director PT. Bursa Efek Surabaya ……………………………………………………………………………… Re:

Application

for

Preliminary

Security

Listing

Agreement

(Municipal Bonds) Dear Sir or Madam, I, the undersigned, Name

: …………………………………………

Position

: …………………………………………

For and on behalf of: Region

: …………………………………………

Address

: …………………………………………

hereby apply a request to enter into a Preliminary Security Listing Agreement in the form of municipal bonds in order to fulfill the provisions in the Regulation of Capital Market Supervisory Agency and Financial Institution Number IX.C.12 regarding Guidelines on Form and Content of Registration Statement for the purpose of Public Offering of Municipal Bonds. 6

For your consideration, I hereby submit Preliminary Security Listing Agreement Form (municipal bonds) that the form and content thereof conform to Appendix I.F.3-2 of Security Listing Rules of PT Bursa Efek Surabaya. Thank you for your attention. Best regards, Head of Region of ……………………

(………………………….) (signature & clear name ) CC: - Chairman of Capital Market Supervisory Agency and Financial Institution (without appendix). * delete where necessary.

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.F.3 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number Kep010/DIR/BES/V/2007 dated May 29, 2007) No. Revision : 0.0

Status : Controlled

APPENDIX I.F.3-2 TO REGULATION NUMBER I.F.3: MUNICIPAL BONDS LISTING FORM OF PRELIMINARY SECURITY LISTING AGREEMENT (MUNICIPAL BONDS) I. INFORMATION ON THE REGION THAT HOLDS PUBLIC OFFERING OF MUNICIPAL BONDS: 1.

Name of Region

: Region of ………………

Complete address for correspondence

Address of municipal bonds management

unit 4.

Name and biography of Head of Region,

: Enclosed

Deputy Head of Region, head of management unit of municipal bonds, project management, and project treasurer 5.

Approval of the Minister of Finance on

: Enclosed

municipal bonds issue 6.

Short history of Region accompanied with

: Enclosed

legal basis that becomes the basis of establishment of Region 7.

Regional Regulation that becomes the basis

: Enclosed

of issue of municipal bonds 8.

Financial statement of Region of the last year and interim (if any) presented based on the Regulation of Capital Market Supervisory Agency and Financial Institution Number VIII.G.14 regarding Guidelines on Financial

: Enclosed

Statement of Region and already audited by an Accountant registered at the Capital Market Supervisory Agency and Financial Institution, consisting of at least: a. Report on Realization of Regional Budget and Revenue; b. Balance sheet; c. Cash flow report; and d. Note on financial statement. 9.

Legal opinion of legal consultant registered

: Enclosed

at the Capital Market Supervisory Agency and Financial Institution II. INFORMATION ON PUBLIC OFFERING AND MUNICIPAL BONDS THAT WILL BE LISTED 10.

Name of municipal bonds offered

11.

Value of issue (in Rupiah)

12.

Transfer unit

13.

Interest rate

14.

Security rating result (if any)

: Enclosed

15.

Trusteeship agreement

: Enclosed

16.

Guarantee (if any)

17.

Sinking fund

18.

Escrow account

19.

Other information on municipal bonds (if

any) 20.

Copy of FPPO (bond purchase order form)

: Enclosed

containing total minimum order of bond at the value of Rp 5,000,000.00 (five million Rupiah) and the multiplication thereof. 21.

Tentative schedule

a. Registration statement b. Public exposition

c. Offering period d. Security allotment e. Distribution f. Security listing at the Exchange III. INFORMATION ON FUND APPLICATION 22.

Information on Project that will be financed by municipal bonds consisting of at least: a. Project name; b. Project location; c. Project background; d. Project purpose; e. Project benefit; f. Project value; g. Licensing for Project implementation; h. Project term; i. Project implementation phases.

23.

Report on feasibility study findings on

: Enclosed

Project and Project business from the Appraiser registered at the Capital Market Supervisory Agency and Financial Institution. 24.

Risk of Region and Project risk

25.

Information on AMDAL (Analysis on

: Enclosed

Environmental Impacts) (if any) IV. INFORMATION ON LEAD UNDERWRITER AND SUPPORTING PROFESSION 26.

Full name of Lead Underwriter and

Underwriter (if any) 27.

Name of Institution and Supporting

Profession of Capital Market 28.

Type of guarantee (including percentage)

A. Full commitment B. Best effort

…………………………………………, ………………………………… 20…… Head of Region of ………………………………………………

(………………………………………………………) (signature & clear name) * delete where necessary.

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.F.3 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number Kep010/DIR/BES/V/2007 dated May 29, 2007) No. Revision : 0.0

Status : Controlled

APPENDIX I.F.3-3 TO REGULATION NUMBER I.F.3: MUNICIPAL BONDS LISTING PRELIMINARY SECURITY LISTING AGREEMENT On

this

day,

the

…………………………………

…………………………………………………

(

day

…………………………………: I.

PT Bursa Efek Surabaya

Having its legal domicile and head office in Surabaya, Gedung Medan Pemuda 5th floor, Jalan Pemuda number 27-31, and having its operational office in Jakarta, Plaza Bapindo Bank Mandiri Tower

20th

and

23 rd

floors,

Jalan

Jendral Sudirman Kavling 54-55, in this

case

represented

………………………………,

by his

capacity as President Director, acting in his

capacity

paragraph

based

11.1

Article

the

Articles

Association that have been amended several times, recently contained in deed No. 119 dated October 21, 2004,

drawn

before

Sutjipto,

Sarjana

Hukum, Notary Public in Jakarta, of which the report on Data on Deed of Amendment

the

Articles

Association dated October 21, 2004 has been received and recorded by the Directorate

General

Public

Law

Administration, Ministry of Law and Legislation of the Republic of Indonesia dated December 31, 2004 No. C-31695 HT.01.04.TH. 2004, thereby lawfully representing PT Bursa Efek Surabaya, hereinafter referred to as “BES”; II.

Region

this

case,

represented

…………………………………,

acting

by as

Head of Region of …………………………, by virtue the Decree of the President of the

Republic

Indonesia

No.

…………………………………, domiciled in ………………………,

………………………………………, hereinafter referred to as “Region”. hereby agree to enter into a Preliminary Security Listing Agreement (“Agreement”) in relation to the intention of the Region to list municipal bonds

the

value

……………………………

(…………………………………………………………) at Surabaya Stock Exchange with the following provisions: Article 1 The Exchange shall consider the intention of the Region after the Region fulfills the requirements stipulated herein as follows: 1.

Registration State ment is already effective;

Public Offering has been performed according to the prevailing provisions;

To fulfill the requirements and procedure for Security Listing at the Exchange;

To fulfill the provisions on Bond Transfer Unit and Bond Trade Unit for bond trade at the Exchange, as already stipulated by the Exchange, namely: a.

Transfer Unit amounting to Rp 1.00 (one Rupiah);

Bond Trade Unit amounting to Rp 5,000,000.00 (five million Rupiah) and the multiplication thereof.

To offer part of municipal bonds issued to individual investors (retailers).

The Region shall submit an application for Municipal Bonds Listing to the Exchange, accompanied with the documents required by the Exchange, within not later than 8 (eight) Exchange days before the Listing date. Article 2 In the event that the Registration Statement of Municipal Bonds is not yet effective and there are amendments and or additions to the documents previously submitted, the Region shall submit the amendments and or

additions to the documents within not later than 2 (two) Exchange days since the amendments and or additions are made. Article 3 This Agreement shall terminate if: 1.

Municipal Bonds have been listed at the Exchange;

A party terminates the Agreement;

The last financial statement audited has passed a period of 9 (nine) months as of the date of the financial statement. Article 4

If the provision in Article 3 point 3 above has been fulfilled, but the effective statement is not yet issued by the Capital Market Supervisory Agency and Financial Institution, the Region shall renew the documents required and sign PPPE again with the Exchange. Article 5 Any matters not yet regulated herein shall be further regulated in a separate agreement. This Agreement is entered into on the day and date as mentioned above in 2 (two) originals, each of which is duly stamped and has equal legal force.

PT Bursa Efek Surabaya

Region of ………………………

___________________________ President Director/Director

_____________________ Governor/Regent/Mayor

* delete where necessary.

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.F.3 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number Kep010/DIR/BES/V/2007 dated May 29, 2007) No. Revision : 0.0

Status : Controlled

APPENDIX I.F.3-4 TO REGULATION NUMBER I.F.3: MUNICIPAL BONDS LISTING Number : Attachment: ……………………………, ……………………………………… 20…… To: President Director PT. Bursa Efek Surabaya ……………………………………………………………………………… Application for Municipal Bonds Listing

Re:

Dear Sir or Madam, I, the undersigned, Name

: …………………………………………

Position

: …………………………………………

For and on behalf of: Region

: …………………………………………

Address

: …………………………………………

hereby apply a request to list municipal bonds at the total nominal value of Rp ………… (…………………………………………………………… Rupiah) at PT Bursa Efek Surabaya. Municipal bonds are listed at Surabaya Stock Exchange on …………. For your consideration, I hereby submit the following documents: 1.

1 (one) copy of Effective Statement;

1 (one) copy of Trusteeship Agreement; 16

1 (one) statement of rating result from Security Listing Agency (if any);

Report on Inaugural Public Offering Result according to Appendix to the Regulation of Capital Market Supervisory Agency IX.A.2 regarding Registration Procedure for Public Offering;

5 (five) copies of jumbo certificate of municipal bonds;

5 (five) copies of Prospectus;

Regional Statement according to Appendix I.F.3-5.

Thank you for your attention. Best regards, Head of Region of ……………………

(………………………….) (signature & clear name) *) delete where necessary.

REGULATION OF PT BURSA EFEK SURABAYA NUMBER I.F.3 (Attachment of Decree of Board of Directors of PT Bursa Efek Surabaya Number Kep010/DIR/BES/V/2007 dated May 29, 2007) No. Revision : 0.0

Status : Controlled

APPENDIX I.F.3-5 TO REGULATION NUMBER I.F.3: MUNICIPAL BONDS LISTING STATEMENT I, the undersigned, Name

: …………………………………………

Position

: …………………………………………

For and on behalf of: Region

: …………………………………………

Address

: …………………………………………

hereby declare that: 1.

I have read and fully understand Security Listing Rules of PT Bursa Efek Surabaya and I am willing to follow all provisions therein;

If I violate partial or entire provisions of Security Listing Rules of PT Bursa Efek Surabaya as referred to in point 1 above, I am willing to accept administrative sanction and or penalty as stipulated therein;

I am willing to receive and give information to PT Bursa Efek Surabaya at anytime.

This statement is truly made under no duress. ………………………………, ………………………………………… 20…… Head of Region of …………………… Sufficient Revenue Stamp (………………………….) (clear name, signature , and stamp of Region)

I, Anang Fahkcrudin, a sworn and authorized translator, by virtue of Jakarta Capital Territory Governor’s Decree No. 2228/2001, practicing in Jakarta, do solemnly and sincerely declare that the foregoing document is a true and faithful translation from Indonesian into English of the origi nal version.

Jakarta, June 13, 2007

DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANCE INC. NUMBER: Kep-307/BEJ/07-2004 CONCERNING RULE NUMBER I-H CONCERNING SANCTION Considering

In view of

That in relation to ensure the compliance of the Listed Company upon the fulfillment of the Stock listing provision and in relation to guarantee the information disclosure to the public for the accomplishment of the orderly, properly and efficient trading, it is considered necessary to amend the provision of letter K of Rule Number I concerning Stock Listing (Attachment of the Decision of the Board of Directors of the Jakarta Stock Exchange Inc. Number Kep-01/BEJ/1992 dated 17th February 1992) in a Decision of the Board of Directors;

that in accordance with the consideration as mentioned in the letter a above, it is considered necessary to stipulate the Decision of the Board of Directors of the Jakarta Stock Exchange Inc. Concerning Rule Number I-H Concerning Sanction.

1. Article 9 of Law Number 8 of 1995 concerning Capital Market (State Gazette of 1995 Number 64, Supplement Number 3608); 2. Article 1 Government Regulation Number 45 of 1995 concerning the Implementation of the Capital Market Activities (State Gazette of 1995 Number 86, Supplement Number 3617) as amended by Government Regulation Number 12 of 2004 (State Gazette of 2004 Number 27, Supplement Number 4372); 3. Bapepam Regulation Number III-A.2 concerning the Regulation Making Procedures By The Stock Exchange (Attachment of the Decision of the Chairman of Bapepam Number Kep-03/PM/1996 dated 17th January 1996); 4. Letter of the Chairman of the Capital Market Supervisory Agency Number S-2167/PM/2004 concerning Approval of Draft of Stock Listing Regulation of The Jakarta Stock Exchange Inc., dated 12th July 2004. DECIDING:

To Stipulate

1. Rule Number I-H Concerning Sanction, as contained in the Attachment of this Decision. 2. Particularly as to the imposition of sanction for the delay of submission of the Financial Statement as mentioned in the provision II.6 of the Attachment of this Decision, shall be effective on 1st October 2004.

DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANCE INC. NUMBER: Kep-307/BEJ/07-2004 CONCERNING RULE NUMBER I-H CONCERNING SANCTION

3. By the stipulation of this Decision, the provision of letter K of Rule Number I Concerning Stock Listing (Attachment of the Decision of the Board of Directors of the Jakarta Stock Exchange Inc. Number Kep-01/BEJ/1992 dated 17th February 1992) shall be revoked upon the conditions as follows: a. In respect of the Listed Company which as of the effective date of this Decision has been Suspended due to the delay of the submission of the Financial Statement of Year 2003, the provision of letter K of Rule Number I Concerning Stock Listing (Attachment of the Decision of the Board of Directors of the Jakarta Stock Exchange Inc. Number Kep-01/BEJ/1992 dated 17th February 1992) shall remain valid until decision of delisting from the Exchange. b. In respect of delisting procedures for the Listed Company as mentioned in letter a above, the provision of III.3.2 Rule I-I Concerning Stock Delisting and Relisting at the Exchange (Attachment of the Decision of the Board of Directors of the Jakarta Stock Exchange Inc. Number Kep-308/BEJ/07-2004 dated 19th July 2004) shall prevail. 4. For the Listed Company which upon the the effective date of this Decision has not fulfilled the obligation of submitting the 1st quarter Financial Statement per 31st March 2004 and has been imposed with Warning in accordance with the provision of letter K Rule Number I Concerning Stock Listing (Attachment of the Decision of the Board of Directors of the Jakarta Stock Exchange Inc. Number Kep-01/BEJ/1992 dated 17th February 1992), then if until 30th September 2004 it has not fulfilled the obligation of submitting the 1st quarter Financial Statement per 31st March 2004 and other obligation which has been determined by the Exchange, will be imposed with Suspension in accordance with the provision II.6.4 of the Attachment of this Decision. 5. For the Listed Company which as of the effective date of this Decision has not yet fulfilled the obligation of submitting the midyear Financial Statement per 30th June 2004, the imposition of Warning sanction and fine in accordance with the provision of letter K Rule I Concerning Stock Listing (Attachment of the Decision of the Board of Directors of the Jakarta Stock Exchange Inc. Number Kep-01/BEJ/1992 dated 17th February 1992) shall prevail, and if until 30th September 2004 has not fulfilled the obligation of submitting the mid-year Financial Statement per 30th June 2004 and other obligation which has been determined by the Exchange, will be Suspended in accordance with the provision II.6.4 of the Attachment of this Decision. 6. For the Listed Company experiencing the delay of the submission of the quarterly Financial Statement per 30th September 2004 and the Financial Statement for the next period shall be sanctioned in accordance with the provision II.6.4 of the Attachment of this Decision. 2

DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANCE INC. NUMBER: Kep-307/BEJ/07-2004 CONCERNING RULE NUMBER I-H CONCERNING SANCTION

7. This decision shall be effective as of the stipulation date. Stipulated in On

: :

Jakarta 19th July 2004

The Jakarta Stock Exchange Inc.

Erry Firmansyah President Director

Harry Wiguna Listing Director

DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANCE INC. NUMBER: Kep-307/BEJ/07-2004 CONCERNING RULE NUMBER I-H CONCERNING SANCTION

ATTACHMENT Decision of the Board of Directors of The Jakarta Stock Exchange Number : Kep-307/BEJ/07-2004 Date : 19th July 2004

RULE NUMBER I-H: CONCERNING SANCTION I.

DEFINITION In this Rule, the following terms shall mean:

II.

I.1.

Stock Listing Committee means a committee established by the Exchange which member is appointed by the Exchange based on its expertise, who has a duty to give opinion to the Exchange either requested or not in relation to the Stock listing of the Listed Company at the Exchange.

I.2.

Listed Company means Issuer or Public Company which Securities are listed at the Exchange.

I.3.

The Jakarta Stock Exchange Inc. (Exchange) means the company domiciled in Jakarta which obtained the business license from Bapepam to organize and provide the system and or facility to converge the buying and selling orders of Securities for the purpose of Securities trading amongst them, as mentioned in Article 1 paragraph 4 of Law Number 8 of 1995 Concerning the Capital Market.

SANCTION BY THE EXCHANGE II.1.

The Listed Company which conducts a violation against the Exchange Rule shall be sanctioned by the Exchange in accordance with the provisions of this Rule.

II.2.

The type of sanction which shall be imposed by the Exchange upon the violation as referred to in provision II.1. above is as follows: II.2.1.

Written warning I;

II.2.2.

Written warning II;

II.2.3.

Written warning III;

II.2.4.

Fine, at the highest Rp. 500.000.000,- (five hundred million rupiah);

II.2.5.

Temporary Suspension of Trading of the Listed Company’s Stock at the Exchange.

II.3.

In the case that the Listed Company is fined by the Exchange, then such fine must be immediately deposited to the Exchange’s account at the latest 15 (fifteen) calendar days as of the said sanction is imposed by the Exchange. If the relevant Listed Company does not pay the fine within the abovementioned period, the Exchange can conduct the temporary suspension of trading the Listed Company’s share at the Regular Market.

II.4.

The sanction as referred to in provision II.2. above is not a phase of imposing the sanction, however it is only an indication of imposing the type of sanction which is 4

DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANCE INC. NUMBER: Kep-307/BEJ/07-2004 CONCERNING RULE NUMBER I-H CONCERNING SANCTION

stipulated in this Rule, and can be imposed separately or jointly with imposition of other sanction. II.5.

Prior to the impose of a sanction, the Exchange shall conduct an analysis on information and document submitted by the Listed Company and make a decision on the said matters by not only considering the formal aspect, but also considering the requirement substance.

II.6.

Particularly for the Listed Company which is late in submitting the Financial Statement as referred to in provision III.1.6. of Rule Number I-E concerning Obligation of Information Submission shall be sanctioned by the followings: II.6.1.

a Written warning I, for the delay of submission of the Financial Statement until 30 (thirty) calendar days as of the due date of the submission of the Financial Statement.

II.6.2.

a Written warning II and a fine of Rp. 50.000.000,- (fifty million rupiah), if from the 31st (thirty first) calendar day until the 60th (sixtieth) calendar day as of the due date of the submission of the Financial Statement, the Listed Company still cannot fulfill the obligation of submitting the Financial Statement.

II.6.3.

a Written warning III and additional fine of Rp. 150.000.000,- (one hundred fifty million rupiah), if from on the 61st (sixty first) calendar day until the 90th (ninetieth) calendar day as of the due date of the submission of the Financial Statement, the Listed Company still cannot fulfill the obligation in submitting the Financial Statement or submits the Financial Statement but not fulfill the obligation to pay the fine as referred to in provision II.6.2. above.

II.6.4.

a suspension, if from the 91st (ninety first) calendar day as of the due date of the submission of the Financial Statement, the Listed Company still cannot fulfill the obligation in submitting the Financial Statement and or the Listed Company has submitted the Financial Statement but does not fulfill the obligation to pay the fine as referred to in provisions II.6.2. and II.6.3. above. The suspension of the Listed Company will only be revoked if the Listed Company has submitted the Financial Statement and has paid the fine as referred to in provisions II.6.2. and II.6.3. above.

II.7.

The Exchange can announce through the mass media concerning the imposition of a sanction as referred to in provision II.2. above.

II.8.

The objection of the listed Company on the imposition of sanction by the Exchange as stipulated in this Rule can only be submitted to Bapepam.

II.9.

The submission of objection to Bapepam by the Listed Company does not suspend the Listed Companyâ&#x20AC;&#x2122;s obligation to the Exchange as mentioned in the sanction imposition decision by the Exchange.

II.10.

If the objection on the imposition of sanction by the said Exchange is rejected by Bapepam by strengthening the Exchange decision, then the sanction remains imposed, however, if the submission of the said objection is approved by Bapepam, then the said sanction will be revoked or rectified in accordance with Bapepam decision. The Bapepam rejection on the objection and revocation or rectification of the sanction by 5

DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANCE INC. NUMBER: Kep-307/BEJ/07-2004 CONCERNING RULE NUMBER I-H CONCERNING SANCTION

the Exchange, shall be announced at the Exchange and if the Exchange considers necessary, it can be announce in the mass media. II.11.

In making a decision to impose a sanction, the Exchange can inquire the Stock Listing Committee to give its opinion. Stipulated in On

: :

Jakarta 19th July 2004

The Jakarta Stock Exchange Inc.

Erry Firmansyah President Director

Harry Wiguna Listing Director

DECISION OF THE BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANCE INC. NUMBER: Kep-307/BEJ/07-2004 CONCERNING RULE NUMBER I-H CONCERNING SANCTION

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE Considering

In View Of

: a.

that in relation to improve investor protection by means of a simpler and more flexible provision without deteriorating the quality of requirements to remain listed and more reliance on the economic consideration for all parties, it is considered necessary to amend provision of letters E and F of Stock Listing Rule Number I-B concerning Terms and Procedures of Share Listing at The Exchange (Attachment to Decision of the Board of Directors of the Jakarta Stock Exchange Inc. Number Kep-316/BEJ/062000 dated 30th June 2000) into a Decision of the Board of Directors;

that to simplify and facilitate the business participant to understand and implement the stock listing provision, it is necessary to improve the compilation methodology and categorization of the provisions of the Stock listing rules from a set of rules and circulation letters into one rule;

that upon the consideration as mentioned in letters a and b above, it is considered necessary to stipulate Decision of Board of Directors of the Jakarta Stock Exchange Inc. concerning Rule Number I-I concerning Delisting and Relisting of Securities at the Exchange.

: 1. Article 9 of Law Number 8 of 1995 concerning Capital Market (State Gazette of 1995 Number 64, Supplement Number 3608); 2. Article 1 Government Regulation Number 45 of 1995 concerning the Implementation of the Capital Market Activities (State Gazette of 1995 Number 86, Supplement Number 3617) as amended by Government Regulation Number 12 of 2004 (State Gazette of 2004 Number 27, Supplement Number 4372); 3. Bapepam Regulation Number III-A.2 concerning the Procedure for Preparation of Regulation By The Stock Exchange (Attachment of the Decision of the Chairman of Bapepam Number Kep-03/PM/1996 dated 17th January 1996) 4. Letter of the Chairman of the Capital Market Supervisory Agency Number S-2167/PM/2004 concerning Approval on Draft of Stock Listing Regulation of the Jakarta Stock Exchange Inc., dated 12th July 2004.

DECIDING: To Stipulate

: 1.

Rule Number I-I concerning Delisting And Relisting of Securities at the Exchange, as contained in Attachment to this Decision.

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

2. By the stipulation of this Decision, the provision of letters E and F of Stock Listing Rule Number I-B Concerning Requirements and Procedures of Share Listing at the Exchange (Attachment Decision of the Board of Directors of the Jakarta Stock Exchange Inc. Number Kep-316/BEJ/062000 dated 30th June 2000) shall be revoked. 3. This decision shall be effective as of the stipulation date. Stipulated in On

: :

Jakarta 19th July 2004

The Jakarta Stock Exchange Inc.

Erry Firmansyah President Director

Harry Wiguna Listing Director

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

ATTACHMENT Decision of the Board of Directors of PT Bursa Efek Jakarta Number : Kep-308/BEJ/07-2004 Dated : 19th July 2004

RULE NUMBER I-I: CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE I.

DEFINITIONS In this Rule, the following shall mean: I.1.

Net Tangible Assets means Total Asset deducted by the Intangible Asset, Deferred Tax Assets, and Total Liabilities including Minority Interest.

I.2.

Prospective Listed Company means a Limited Liability Company which has filed the application for listing its Securities at the Exchange.

I.3.

Hearing means a kind of formal clarification request to the Listed Company concerning the information disclosure related issues which is conducted in a direct meeting of the Listed Company and the Exchange.

I.4.

Exchange Day means a day when Securities trading takes place at the Exchange namely Monday to Friday, except the national holiday or declared as the Exchange holiday by the Exchange.

I.5.

Independent Commissioner means as referred to in the provision of point 1.c. of Rule of Bapepam Number IX.I.5 concerning Guidelines on Establishment and Working Implementation of Audit Committee.

I.6.

Audit Committee means the Audit Committee as referred to in the provision of point 1.a. of the Rule of Bapepam Number IX.I.5 concerning Guidelines on Establishment and Working Implementation of Audit Committee.

I.7.

Financial Statement means a statement containing the financial information of the company consisting of components of Balance Sheet, Profit and Loss Statement, Statement of Changes in Equity, Cashflow Report and Notes to Financial Statement, which preparation and presentation is in accordance with Bapepam Rule Number VIII.G.7 concerning Guidelines for the Preparation of Financial Statements.

I.8.

Audited Financial Statement means the Financial Statement, attaching the opinion, which has been audited and signed by the public accountant registered with Bapepam.

I.9.

Main Board means the listing board which is provided for the listing of stocks securities of companies having the Net Tangible Assets of minimum Rp 100,000,000,000 (one hundred billion rupiah) and having been operating for a minimum period of 36 (thirty six) months.

I.10. Development Board means the listing board which is provided for the listing of stocks securities of companies having the Net Tangible Assets of minimum Rp

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

5,000,000,000 (five billion rupiah) and having been operating for a minimum period of 12 (twelve) months. I.11. Controlling Shareholder means any shareholder having 25% (twenty five percent) or more shares of the company, or any shareholder that has control, in any manner, to influence the management and/or policy of the company although the total of shares owned is less than 25% (twenty five percent). I.12. Listing means the listing of Securities in the Securities list registered with the Exchange so that they can be traded at the Exchange. I.13. Relisting means the relisting of Securities in the Securities list registered with the Exchange after the delisting of the said Securities from the Exchange. I.14. Penghapusan Pencatatan (Delisting) means the delisting of Securities from the Securities list listed at the Exchange, consequently they cannot be traded at the Exchange. I.15. Announcement means any information which is made available submitted by the Exchange either in writing, printed document, electronic data or display in a computer screen through the JATS or the Exchange website. I.16. Listed Company means Issuer or Public Company whose Securities are listed at the Exchange. I.17. The Jakarta Stock Exchange Inc. (Exchange) means the company domiciled in Jakarta which obtained the business license from Bapepam to organize and provide the system and or facility to converge the buying and selling orders of Securities for the purpose of Securities trading amongst them, as referred to in Article 1 paragraph 4 of Law Number 8 of 1995 Concerning the Capital Market. I.18. Total Asset means the total resources owned by the company which resulted from past performance and for the future economic benefits which are expected to be obtained by the company. I.19. Total Liabilities means the outstanding obligations of company that arisen from the past performance which source of the repayment is expected from the companyâ&#x20AC;&#x2122;s resources. II.

GENERAL TERMS OF DELISTING AND RELISTING II.1. In order to protect public interest and in relation to the implementation of the Securities trading which is orderly, properly and efficient, the Exchange is authorized to: II.1.1.

do the delisting of certain Securities at the Exchange;

II.1.2.

approve or reject any application of relisting including its placement on the listing board by considering the factors that have caused the Delistingapprove or reject an application of relisting including its position on the listing board by considering the factors which is the cause of the Delisting.

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

II.2. In making a decision which is related to the Delisting and the Relisting, The the Exchange requires requests the Listing Committee to render its opiniongive an advice. II.3. If the shares of the Listed Company are subject to Delistingbeing delisted, then all types of the said Listed Company’s StocksSecurities are also delisted from the list of Stock Securities that is listed at the Exchange. II.4.

III.

In relation to the decision making in respectof the StockSecurities delisting, any approval or a rejection of on the relisting application of StockSecurities and its position placement at the Papan UtamaMain Board or the Papan PengembanganDevelopment Board as mentioned in this Rule, the Exchange shall verify conduct a research on the statements and documents submitted by the Listed Company or the Forthcoming Listed CompanyProspective Listed Company or other information which is obtained by the Exchange without by not merely taking into account only considers the formal aspect, but also considers the substance of the requirements and the advice opinion from of the StockSecurities Audit Committee.

DELISTING OF SHARES III.1. Delisting of a share from the list of StockSecurities that is listed at the Exchange may occur ifdue to: III.1.1. the share Delisting application which is submitted by the relevant Listed Company; III.1.2. the delisting of the share is delisted by the Exchange in accordance with provision III.3 of this Rule. III.2. Delisting of shares at request of the upon the Listed Company’s request: III.2.1. The requirements of the shares Delisting at upon the request of the Listed Company: III.2.1.1.

The submission of the shares Delisting application by the Listed Company as mentioned in provision III.1.1. above, can only be conducted if the shares have been listed at the Exchange at least for 5 (five) years.

III.2.1.2.

The Delisting proposal of the Delisting has been approved obtain an approval from by the General Meeting of the Shareholders (hereinafter referred to as “GMS”) of the Listed Company.

III.2.1.3.

The Listed Company or other appointed party, must purchase a the shares of from the any shareholder who disapproved does not agree with the resolution of the GMS on at the price as mentioned in provision III.2.1.4. of this Rule.

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

III.2.1.4.

The determination of the share purchase price as mentioned in provision III.2.1.3 above is shall be in accordance with one of the prices below, which ever is one is the highest: III.2.1.4.1.

nominal price;

III.2.1.4.2.

highest price at the Regular Market for the last 2 (two) years prior to the advertisement of the announcement the GMS after taking into considerationconsidering the adjustment factor as a result of the change of nominal value since the last 2 (two) years until the GMS approving approves the Delisting, plus a premium of the investment return rate for 2 (two) years which is calculated at equals to the initial price of shares multiply multiplied by an average interest rate of the Certificate of Bank Indonesia (hereinafter referred to as “SBI”) of 3 (three) months or another other similar equivalent government bond interest rates that which prevails on as of the stipulation date of the GMS resolution concerning the Delisting; or

III.2.1.4.3.

fair value proper price based onin accordance with an appraisal of an independent party which is listed at the Bapepam and appointed by the Listed Company or by the shares purchasing a party who will purchase the shares and approved by the GMS.

III.2.2. The procedures of the shares Delisting at upon the request of the Listed Company: III.2.2.1. The Listed Company must firstly submit a proposal of the Delisting to the Exchange prior to the submission of an initial disclosure of information disclosure to the public, including information regading the following:

III.2.2.2.

III.2.2.1.1.

any reason and purpose of the Delisting of its share;

III.2.2.1.2.

the any party whothat will wishes to purchase a the share from the a shareholder who that wishes is willing to sell the Listed Company’s share;

III.2.2.1.3.

estimated of share purchase price of share.

to conduct the public newspaper mentioned

an initial information disclosure of information to through at least 1 (one) national wide circulated that which at least includes any information as in provision III.2.2.1. Such disclosure of

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

informationinformation disclosure is conducted simultaneously together with the announcement regarding a summon of the GMS will to be conducted, and shall be immediately submitted to the Exchange as soon as possible. III.2.2.3.

If the GMS approves the proposal of the Delisting, then the Listed Company must conduct a disclosure of informationinformation disclosure through at least 1 (one) national wide circulated newspaper regarding the procedures of the shares repurchase which at least covers the following: III.2.2.3.1.

the purchase price of share as mentioned in provision III.2.2.1.3. above;

III.2.2.3.2.

the name of the party that who wishes is willing to purchase the share and affiliates with the Listed Company, if any;

III.2.2.3.3.

the period of the purchase shall be is at least 5 (five) Exchange Days after the date of the advertisement of the GMSâ&#x20AC;&#x2122;s result;

III.2.2.3.4.

the appointment of the Member of the Stock Exchange acting who acts as a broker.

III.2.2.4.

The disclosure of informationinformation disclosure as mentioned in provision III.2.2.3. above shall be immediately submitted to the Exchange as soon as possible.

III.2.2.5.

The Listed Company shall submit the share Delisting application to the Exchange together with the purchase of share implementation report and a legal opinion of an independent legal consultant stating which states that the process of the said purchase of share has already done and in accordance with the prevailing provision.

III.2.2.6.

The Exchange shall give do a Suspension toward of shares of the Listed Company proposing that proposes to do the Delisting of shares at upon a request of the Listed Company.

III.2.2.7.

The Delisting of shares upon the Listed Companyâ&#x20AC;&#x2122;s request Delisiting of shares at request of the Listed Company shall become effective after: III.2.2.7.1.

the Listed Company has fulfills fulfilled all its obligations to the Exchange;

III.2.2.7.2.

the Listed Company has paid the StockSecurities Delisting fee amounting to in the amount of 2 (two) times of the last yearly annual StockSecurities listing fees.

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

III.2.2.7.3.

The Exchange issues gives the an approval of on the Delisting and announces it at the Exchange.

III.3. Delisting of Shares by the Exchange: III.3.1. The Exchange Bursa shall delists the shares of the Listed Company in accordance with the provisions of this Rule if the Listed Company experiences encounters at least one of the following conditions: III.3.1.1.

experiencing a condition, or an occurrence constituting a material adverse effect , which significantly gives a negative influence to the business existence of the Listed Company, either financially or legally, or to the existence status of the Listed Company as a Public Company, and the Listed Company cannot demonstrate a sufficient recovery n indication of a sufficient remedy;

III.3.1.2.

The shares of the Listed Company which resulted from the suspension at the Regular Market and the Cash Market, shall are only be traded at the Negotiable Market at the latest for the last 24 (twenty four) months.

III.3.2. The procedures of the Delisting of Shares at the Exchange: III.3.2.1.

If there is an indication that the Listed Company encounters experiences one or more conditions as mentioned in provision of III.3.1. above, then the Exchange shall conduct a Hearing with the Listed Company.

III.3.2.2.

In the event that the Exchange decides to do the Delisting, then the Exchange shall notify the a decision of the implementing the Delisting of Listed Company’s shares of the relevant Listed Company’s shares as well as the schedule thereto to the relevant Listed Company on on similar the Exchange Day as the same as the decision of the Delisting of shares with a copy to the Bapepam.

III.3.2.3.

The Exchange shall announce at the Exchange regarding the said decision of the Delisting of shares of the Listed Company’s shares as well as the including the schedule thereto of the implementation of to the relevant Delisting of shares of the Listed Company. The announcement shall be conducted made at the latest on at the beginning commencement of session I of the next Exchange Day after the decision of the said Delisting of shares.

III.3.2.4.

If deemed necessary, the Exchange may imposegive a Suspension for 5 (five) Exchange Days and afterwards shall only be traded at the Negotiable Market for 20 (twenty) Exchange Days prior to the effective date of the Delisting.

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

III.3.2.5.

IV.

The Delisting shall be effective on as of the stipulation date by the Exchange in a of Delisting decision by the Exchange, and shall be announced at the Exchange.

RELISTING IV.1.

General Requirements of the RelistingRelisting: IV.1.1.

Any Listed Company whose which shares are delisted from the list of StockSecurities listed at the Exchange, may apply for a the Relisting of its shares to the Exchange at the fastest earliest 6 (six) months after the such Delisting is implemented at by the Exchange.

IV.1.2.

A Statement of RegistrationRegistration Statement which is submitted to the Bapepam still remains effective.

IV.1.3.

Having remedied Has fixed the conditions causing that causes the implementation of the Delisting by the Exchange or has having implemented basic brought about matters issues which serves as the basis of an the application of the Delisting of shares when previously became a Trade Listed.

IV.1.4.

A statement of the Board of Directors and the Board of Commissioners stating which states that the Forthcoming Listed CompanyProspective Listed Company is not in a legal dispute or faces encountering a problem which materially adverse effect predicted can influence the existence of the company.

IV.1.5.

The Forthcoming Listed CompanyProspective Listed Company may constitute as can be a subsidiary or a holding company of the Listed Company, provided that: IV.1.5.1.

upon the termination of affiliation relationship If the affiliate relation between the Forthcoming Listed CompanyProspective Listed Company and the Listed Company is terminated, the respective each company is able to sufficiently properly perform its operational activity pursuant to in accordance with an appraisal of an independent party; and

IV.1.5.2.

pursuant to the pro-formal of Financial Statement of the Listed Company without consolidating with the Financial Statement of the Forthcoming Listed CompanyProspective Listed Company, the Listed Company remains to be able to fulfill the listing requirement; or

IV.1.5.3.

pursuant to the pro-formal Financial Statement of the Forthcoming Listed CompanyProspective Listed Company without consolidating with the Financial Statement of the Listed Company, the Forthcoming Listed

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

CompanyProspective Listed Company remains to be able to fulfill the listing requirement. IV.1.6.

Has Having had an Independent Commissioner at least 30% (thirty percent) of the composition of the Board of Commissioners.

IV.1.7.

Has Having had at least an unaffiliated Director at least 1 (one) person unaffiliated Director of in the composition of the Board of Directors.

IV.1.8.

The unaffiliated Director as mentioned in provision IV.1.7. above shall mean:

IV.1.9.

IV.1.8.1.

Does not have an affiliate relation with the Controlling Shareholder of the relevant Listed Company at least 6 (six) months prior to the appointment as the Unaffiliated Director;

IV.1.8.2.

Does not have an affiliate relation with the other Board of Commissioners or Board of Directors of the Listed Company;

IV.1.8.3.

Does not hold have a position as member of in the Board of Directors in other company;

IV.1.8.4.

Has not been an Insider at Does not work in the supporting institution or profession of the capital market whose service is utilized by the Listed Company for 6 (six) months prior to the appointment as the Director.

Has Having had an Audit Committee.

IV.1.10. Having had Has a Corporate Secretary. IV.1.11. The price of share and the nominal value of shares of the Forthcoming Listed CompanyProspective Listed Company shall be at least Rp. 100,(one hundred rupiah) upon condition provided as follows: IV.1.11.1. for a company which is listed at another Stock Exchange, the shares price of share as mentioned in provision IV.1.11. above shall be based on in accordance with an the average price of the closing for 25 (twenty five) days of a transaction at the said other Stock Exchange; or IV.1.11.2. for a company which is not listed at another Stock Exchange, the price of share price as mentioned in provision IV.1.11. above shall be based on in accordance with an fair market value appropriate price of share pursuant to an the appraisal result of an independent party. IV.1.12. The Board of Directors and the Board of Commissioners of the Forthcoming Listed CompanyProspective Listed Company must have a good reputation amongst other things are proved by the following:

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

IV.1.12.1. Has never been sentenced for conducting a criminal act within the last 10 (ten) years; IV.1.12.2. Has never been declared bankrupt; IV.1.12.3. Has never been pleaded guilty that caused the company which was lead or being lead is declared bankrupt; IV.1.12.4. Has never been dishonorable discharged from a job within the last 5 (five) years; IV.1.12.5. Not under guardianship. IV.2.

Procedures of the RelistingRelisting at in the Papan UtamaMain Board: IV.2.1.

Fulfill the general listing requirements as referred to in provision fulfills the general requirements of the Relisting of shares as mentioned in provision IV.1. above;

IV.2.2.

Until the submission of the listing application, has been conducting an operational activity in the same core business at least for the 36 (thirty six) consecutive monthsuntil the submission of the listing application, has conducted an operational activity in the same core business at least for 36 (thirty six) months continuously;

IV.2.3.

The Financial Statement of the Prospective Listed Company has been audited at least for the last 3 (three) financial years, provided that the Audited Financial Statement for the last 2 (two) financial years and the latest interim Audited Financial Statement (if any) obtain an Unqualified Opinion An audited Financial Statement of the Forthcoming Listed Company at least the last 3 (three) financial years, provided that the Audited Financial Statement of the last 2 (two) financial years and the latest Internal Audited Financial Statement (if any) obtain an opinion of Appropriate Without Exception (Wajar Tanpa Pengecualian (WTP);

IV.2.4.

Having a Net Tangible Asset pursuant to the latest Audited Financial Statement of, at least Rp 100,000,000,000 (one hundred billion rupiah)pursuant to the latest Audited Financial Statement owns a Net Tangible Asset at least Rp 100.000.000.000,- (one hundred billion rupiah);

IV.2.5.

The total shares owned by non Controlling Shareholders (minority shareholders) after the Public Offering or a company that has been listed at another Stock Exchange or an unlisted Public Company in the period of 5 (five) Exchange Days prior to the listing application are at least 100,000,000 (one hundred million) of shares or at least 35% (thirty five percent) of the paid in capital, whichever is lesserthe total of shares owned by a shareholder who is not the Controlling Shareholder (minority shareholders) that is listed on a certain date in the period of 5 (five) Exchange Days prior to the Relisting application at least 100.000.000 (one hundred million) of shares or at least 35% (thirty five percent) of the paid in capital, which one is lesser;

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

IV.2.6.

IV.3.

The total number of shareholders having the Securities accounts at the Securities Exchange Member are at least 1,000 (one thousand) shareholders, provided as followsthe number of shareholders at least 1.000 (one thousand) shareholders who have Stock accounts at the Member of the Stock Exchange, provided as follows: IV.2.6.1.

for the Forthcoming Listed CompanyProspective Listed Company which is not listed at another Stock Exchange, then the said number of shareholders shall be as who are listed on a certain date in the period of 5 (five) Exchange Days prior to the RelistingRelisting application;

IV.2.6.2.

for the Forthcoming Listed CompanyProspective Listed Company which is listed at another Stock Exchange, then the said number of shareholders shall be calculated in accordance with monthly average during the last 6 (six) months.

Procedures of the RelistingRelisting at in the Papan PengembanganDevelopment Board IV.3.1.

Fulfill the general listing requirements as referred to in provisionfulfills the general requirements of the listing of shares as mentioned in provision IV.1. above.

IV.3.2.

Until the submission of the listing application, has been conducting an operational activity in the same core business at least for 12 (twelve) consecutive monthsuntil the submission of the listing application, has substantially conducted an operational activity in the same core business at least for 12 (twelve) months continuously.

IV.3.3.

The Financial Statement of the Prospective Listed Company has been audited at least for the last 2 (two) financial years, provided that the Audited Financial Statement for the last 2 (two) financial years and the latest interim Audited Financial Statement (if any) obtain an Unqualified OpinionThe latest Audited Financial Statement which covers at least 2 (two) financial years and the latest internal Audited Financial Statement (if any) obtain an opinion of Appropriate Without Exception (Wajar Tanpa Pengecualian (WTP)..

IV.3.4.

Having a owns a Net Tangible Asset at least Rp 5.000.000.000,- (five billion rupiah).

IV.3.5.

For the Forthcoming Listed CompanyProspective Listed Company which suffering from experiencing a business loss or failing to has not accounted the profit, then: IV.3.5.1.

at the latest at the end of the 2nd (second) financial year as of the listed date has obtained business profit and net profit in accordance with the financial projection which is announced at the Exchange;

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

IV.3.5.2.

Particularly for the Prospective Listed Company whose nature of business needs more time to reach a break even point (titik impas) (such as: infrastructure, hard plants (tanaman keras) plantation, concession of the Forest Management Rights (konsesi Hak Pengelolaan Hutan/HPH) or Industrial Plantation (Hutan Tanaman Industri/HTI)) or other line of business which relates to the public services), then pursuant to the financial projection of the said Prospective Listed Company at the latest at the end of the 6th (sixth) financial year as of the date of the listing has gained operating profit and net profitespecially for the Forthcoming Listed Company which line of business is in accordance with its type of business needs more time to reach a deadlock point (titik impas) (such as: infrastructure, tanaman keras plantation, concession of the Forest Management Rights (konsesi Hak Pengelolaan Hutan (HPH) atau Hutan Tanaman Industri (HTI) or other line of business which relates to the public services), then pursuant to the financial projection of the said Forthcoming Listed Company at the latest at the end of the 6th (sixth) financial year as of the date of the listing has obtained business profit and net profit.

IV.3.6.

The total shares owned by non Controlling Shareholder (minority shareholders) after a Public Offering or for a company that has been listed at another Stock Exchange or an unlisted Public Company in the period of 5 (five) Exchange Days prior to the listing application at least 50,000,000 (fifty million) of shares or at least 35% (thirty five percent) of the paid in capital, whichever is lesserthe total of shares owned by a shareholder who is not the Controlling Shareholder (minority shareholders) that is listed on a certain date in the period of 5 (five) Exchange Days prior to the Relisting application at least 50.000.000 (fifty million) of shares or at least 35% (thirty five percent) of the paid in capital, which one is lesser.

IV.3.7.

The number of shareholders having the Securities accounts at the Securities Exchange Member are at least 500 (five hundred) shareholders, provided as followsthe number of shareholders at least 500 (five hundred) shareholders who have Stock accounts at the Member of the Stock Exchange, provided as follows: IV.3.7.1.

for the Forthcoming Listed CompanyProspective Listed Company which is not listed at another Stock Exchange, then the abovementioned said number of shareholders shall be as who are listed on a certain date within the period of 5 (five) Exchange Days prior to the RelistingRelisting application;

IV.3.7.2.

For the Prospective Listed Company listing at another Stock Exchange, the abovementioned number of shareholders shall be calculated based on the monthly average during the last 6 (six) monthsfor the Forthcoming Listed Company which is listed at another Stock Exchange, then the said number of shareholders shall be calculated in accordance with monthly average during the last 6 (six) months.

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

PROCEDURES OF THE RELISTING V.1.

The Forthcoming Listed CompanyProspective Listed Company that intendsing to do the re-listing its shares at the Exchange, must submit a Relisting application to the Exchange and pay the registration of the listing application of Rp 15.000.000,(fifteen million rupiah) for the Papan UtamaMain Board or Rp 10.000.000,- (ten million rupiah) for the Papan PengembanganDevelopment Board, provided that the registration fee of the Relisting application will be calculated as a subtraction of an initial listing fee as referred to in provided that the said registration fee of the Relisting application will be calculated as the subtracter of an initial listing fee as mentioned in provision VIII.2. Rule Number I-A concerning Tthe StockSecurities Listing and Equity-Type Securities Other Than Stock Quasi Equity Securities Other Than Stock Issued by the Listed Company, if the RelistingRelisting application is accepted.

V.2.

The RelistingRelisting application which is submitted by the Forthcoming Listed CompanyProspective Listed Company that is a Public Company or a company which is also listed at another Stock Exchange by using a form which form and content is in accordance with Attachment I-I.1 of this Rule.

V.3.

The listing application as mentioned in provision V.1. above must be completed at least with the following documents and information: V.3.1.

Proof of Registration Statement (Bukti Pernyataan Pendaftaran) from the Bapepam still remains effective;

V.3.2.

Deed of Establishment/Articles of Association of the Forthcoming Listed CompanyProspective Listed Company which has been ratified by the competent authority including all the amendments thereto and Company Register;

V.3.3.

An Organization Structure of the Prospective Listed Company up to the first level official below the Board of Directors;

V.3.4.

A Group Organization Structure showing the position of the Prospective Listed Company in the Group (if any);

V.3.5.

The latest curriculum vitae of each member of the Board of Directors and Board of Commissioners signed by the person concerned which signed by the relevant member of the Board of Directors and the Board of Commissioners;

V.3.6.

A list of share ownership and business relation which relates to the Board of Directors, Commissioners and its family either in the Prospective Listed Company or the affiliate of the Prospective Listed CompanyA list of share ownership and business relation which relates to the Board of Directors, Board of Commissioners and its family either in the Forthcoming Listed Company or the affiliate of the said Forthcoming Listed Company;

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

V.3.7.

The Audited Annual Financial Statement for the last 3 (three) financial years and the latest Audited Interim Financial Statement (if any) or the Audited Financial Statement as of the commencement of the operational of the Prospective Listed Company whose operational period is less than 3 (three) yearsThe last 3 (three) financial year of the Yearly Audited Financial Statement and the latest Intern Audited Financial Statement (if any) or the Audited Financial Statement as of the commencement of the operational of the Forthcoming Listed Company which operational period is less than 3 (three) years;

V.3.8.

A brief history of the company;

V.3.9.

A description of the company’s business activitiesAn explanation of the company’s line of business;

V.3.10.

Taxpayer Identification NumberA copy of Taxpayer Identification Number;

V.3.11.

An analysis and review by the management concerning business activities, performance and financial positionAn analysis and review by the management concerning line of business, performance and financial position;

V.3.12.

An analysis of business risk and business prospectAn analysis of business risk and prospect;

V.3.13.

A financial projection for a period of at least 3 (three) years including its assumptions or the feasibility study of the Prospective Listed Company, such financial projection or feasibility study will be announced at the ExchangeA financial projection for at least 3 (three) years and the assumption which is utilized or the feasibility study for the Forthcoming Listed Company, such financial projection or feasibility study will be announced at the Exchange;

V.3.14.

A statement of on the total number of the listed Securities which are listed;

V.3.15.

Dividend policies;

V.3.16.

transactions/agreements, receivables and payables to the affiliate (including amount and its condition)Transactions/agreements, receivables and debts to the affiliate (including amount and its condition);

V.3.17.

receivables of the Prospective Listed Company which is secured by the affiliated party, and or third party’s payables or affiliated party’s payables which is secured by the Prospective Listed CompanyReceivables of the Forthcoming Listed Company which secured by the affiliated party, and/or third party’s debt or affiliated party’s debt which secured by the Forthcoming Listed Company;

V.3.18.

A summary of contracts which have material valueA summary of contracts which have material value;

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

V.3.19.

Ratios of performance, operating, growth, liquidity and solvencyA ratio of performance, operational, development, liquidity and solvability;

V.3.20.

A legal opinion from a Legal Consultant registered with the BapepamA legal opinion from a Legal Consultant which is listed at the Bapepam;

V.3.21.

A payment receipt of registration fee of the listing application as referred to in provision A payment receipt of registration fee of the listing application as mentioned in provision V.1. above;

V.3.22.

An appraisal statement by the Independent Appraisal registered with the Bapepam, (if any)An appraisal statement by the Independent Appraisal which listed in the Bapepam, (if any);

V.3.23.

A copy of contract of Securities administration management with the Securities Administration Agency or a statement from the Prospective Listed Company if the Securities administration thereof is managed by itselfA copy of contract of Stock administration management with the Stock Administration Bureau or a statement from the Forthcoming Listed Company if Stock administration thereof is managed by itself ;

V.3.24.

A copy of license required by the competent Authority concerning the analysis of the environmental impact for the Prospective Listed CompanyA copy of permits required by the competent authority concerning an analysis of the environmental impact for the Forthcoming Listed Company;

V.3.25.

Specifically for the Prospective Listed Company whose line of business is in mining industry Especially for the Forthcoming Listed Company which line of business is in mining industry: V.3.25.1.

A statement letter concerning valid concession from an authority who grants the consession rightA valid letter concerning concession from an authority who grants the concession right;

V.3.25.2.

A statement letter concerning contract of work or a Mining Concession or a Regional Mining Permit from an authority who grants such permitsA letter concerning work contract or a Mining Authority or a Regional Mining Permit from an authority who grants such permits;

V.3.25.3.

Supporting documents showing that the member of the Board of Directors has technical abilities and experiences in mining in accordance with the line of business of the companySupporting documents which reveal that the member of the Board of Directors has technical abilities and experiences in mining in accordance with the line of business of the company;

V.3.25.4.

A statement letter from an independent party stating that the Prospective Listed Company has already owned a proven deposit or its equivalent to the type of its miningA statement

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

letter from an independent party which states that the Forthcoming Listed Company has already owned a proven deposit or its equivalent in accordance with its type of mining;

V.4.

V.3.26.

For the Prospective Listed Company whose line of business needs a concession or management permits as for the forest cultivation or toll roads, a statement letter from an authority who grants such concession or management permitsFor the Forthcoming Listed Company which line of business needs a concession or management permits as for the forest cultivation or toll roads, a letter from an authority who grants such concession or management permits;

V.3.27.

A copy of contract with the KSEI concerning the registration of its Securities in the Collective Custody at the KSEI A copy of contract with the KSEI concerning the listing of its Stock at the Collective Deposit (Penitipan Kolektif) at the KSEI;

V.3.28.

5 (five) copies of information disclosuresDisclosures of Information in the maximum of 5 (five) copies of book;

V.3.29.

A statement of the composition of the Shareholders in the form and substance which is in accordance with Attachment I-I.2 to this RuleA statement of the composition of the Shareholders which form and content are in accordance with Attachment I-I.2 of this Rule;

V.3.30.

A list of names and specimens of signature of the officials who are authorized to sign the correspondences submitted to the ExchangeA list of names and specimens of signature of the officials who are given an authorization to sign the correspondences submitted to the Exchange;

V.3.31.

A statement letter concerning the compliance with the rules which have been signed by the Board of Directors of the Forthcoming Listed CompanyProspective Listed Company in the which form and substance which content is in accordance with Attachment I-I.3 of to this Rule;

V.3.32.

A list of names of the Audit Committee;

V.3.33.

A statement letter concerning the unaffiliated Board of Directors as mentioned referred to in provision IV.1.8. above (the form and substance of which content of the statement letter is in accordance with Attachment I-I.4. of to this Rule);

V.3.34.

A statement letter concerning the qualification fulfillment of the Board of Directors and the Board of Commissioners as mentioned in provision IV.1.12. above (the form and substance of which content of the statement letter is in accordance with Attachment I-I.5. of to this Rule).

The Listing Application shall be deemed received if the application and all of the attachments as referred to in provisions V.1. and V.3. above have been completely received by the ExchangeA Listing Application is deemed to be received if the application and all attachments as mentioned in provision V.1. and V.3. above has been completely received by the Exchange.

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

V.5.

The Prospective Listed Company must conduct a presentation concerning its company to the Exchange A company which applies a Relisting application must conduct a presentation concerning its company to the Exchange.

V.6.

If necessary, the Exchange may require additional documents and information or require additional explanations directly to from the companyâ&#x20AC;&#x2122;s management, or require explanations from other party and/or require advices from an independent party.

V.7.

An approval or a rejection of the RelistingRelisting shall be given by the Exchange at the latest 10 (ten) Exchange Days as of the complete receipt of Exchange obtains complete documents and/ or information by Exchange.

V.8.

The Forthcoming Listed CompanyProspective Listed Company must pay an initial listing fee and an annual yearly listing fee as mentioned in provision VIII Rule Number I-A Concerning Listing of Shares and Equity-Type Securities Other Than Stock Quasi Equity Securities which Issued by the Listed Company at the latest 2 (two) Business Days prior to the date of the RelistingRelisting and send the receipt to the Exchange. The delay of the payment of the listing fee above can cause the delay of the shares listing and trading of the said Forthcoming Listed CompanyProspective Listed Company.

V.9.

The Exchange shall announce the listing and trading of shares of the said Forthcoming Listed CompanyProspective Listed Company at the latest 1 (one) Exchange Day prior to the commencement of the shares trading. Stipulated in : Jakarta On : 19th July 2004 The Jakarta Stock Exchange Inc.

Erry Firmansyah President Director

Harry Wiguna Listing Director

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

Number Attachment

: :

.(domicile), …(dtd/month/year).…….

: The Listing Director of The Jakarta Stock Exchange Inc. Attn. Div. Head of Real Sector Listing/Div. Head of Service Sector Listing *) Jakarta Stock Exchange Building Jl. Jend.Sudirman Kav 52-53 Jakarta 12190, Indonesia

Subject

: Shares Listing Application

In relation to our company’s plan to re-list the shares, we hereby submit shares listing application to the Jakarta Stock Exchange Inc. For your consideration, we are enclosing the documents and information in respect of the company as follows: I.

General 1. Name of Company 2. Line of Business 3. Address : Head Office

: : Telephone Facsimile E-mail

Factory (if any)

4. Nominal value 5. Estimated value of shares upon listing 6. Number of shares to be listed II.

: :

Telephone Facsimile E-mail Rp. /shares Rp. /shares

Attachment of Submitted Documents and Information 1.

Evidence of Registration Statement (Bukti Pernyataan Pendaftaran) which submitted to the Bapepam has become effective;

Deed of Establishment/Articles of Association of the Prospective Listed Company which has been ratified by the competent authority including all the amendments thereto and Company Register, respectively 1 (one) copy;

An Organization Structure of the Prospective Listed Company (Calon Perusahan Tercatat) up to the official who is one rank lower than the Board of Directors;

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

A Group Organization Structure showing the position of the Prospective Listed Company in the Group (if any);

A recent curriculum vitae of the respective member of the Board of Directors and the Board of Commissioners signed by the relevant member of the Board of Directors and the Board of Commissioners;

A list of share ownership and business relation in respect of the Board of Directors, Board of Commissioners and its family either in the Prospective Listed Company or the affiliate of the said Prospective Listed Company;

The last 3 (three) financial year of the Yearly Audited Financial Statement and the latest Internal Audited Financial Statement (if any) or the Audited Financial Statement as of the commencement of the operational of the Prospective Listed Company whose operational period is less than 3 (three) years;

A brief history of the company;

A description of the company’s line of business;

10. Taxpayer Identification Number; 11. An analysis and review by the management concerning business activities, performance and financial position; 12. An analysis of business risk and prospect; 13. A financial projection for at least 3 (three) years and the assumption which is utilized or the feasibility study for the Prospective Listed Company, such financial projection or feasibility study will be announced at the Exchange; 14. A statement of the total number of listed Securities; 15. Dividend policies; 16. Transactions/agreements, receivables and liabilities to the affiliate (including amount and its condition); 17. Receivables of the Prospective Listed Company which is secured by the affiliated party, and/or third party’s debt or affiliated party’s debt which is secured by the Prospective Listed Company; 18. A summary of contracts which have material value; 19. A ratio of performance, operational, development, liquidity and solvability; 20. A legal opinion from a Legal Consultant which is listed at Bapepam; 21. A payment receipt of registration fee of the listing application as mentioned in provision IV.2.1. above; 22. An appraisal statement by the Independent Appraisal registered with Bapepam, (if any);

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

23. A copy of contract of Securities administration management with the Securities Administration Agency or a statement from the Prospective Listed Company if the Securities administration thereof is managed by itself; 24. A copy of permits required by the competent authority concerning an analysis of the environmental impact for the Prospective Listed Company; 25. Especially for the Prospective Listed Company whose line of business is in mining industry: a. A valid statement letter concerning concession from an authority who grants the concession right; b. A statement letter concerning work contract or a Mining Authority or a Regional Mining Permit from an authority who grants such permits; c. Supporting documents showing that the member of the Board of Directors has technical abilities and experiences in mining in accordance with the line of business of the company; d. A statement letter from an independent party which states that the Prospective Listed Company has already owned a proven deposit or its equivalent in accordance with its type of mining. 26. For the Prospective Listed Company whose line of business needs a concession or management permits as for the forest cultivation or toll roads, a letter from an authority who grants such concession or management permits; 27. A copy of contract with the KSEI concerning the listing of its Securities in the Collective Deposit (Penitipan Kolektif) at the KSEI; 28. 5 (five) copies of information disclosures; 29. A statement of the composition of the Shareholders in the form and substance which is in accordance with Attachment I-I.2 to this Rule;

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

30. List of names and specimens of signature of the officials who are authorized to sign any correspondences submitted to the Exchange; 31. A statement letter concerning the compliance with the rules signed by the Board of Directors of the Prospective Listed Company in the form and substance which is in accordance with Attachment I-I.3 to this Rule; 32. A list of names of Audit Committee; 33. A statement letter concerning the unaffiliated Board of Directors; 34. A statement letter concerning the qualification fulfillment of the Board of Directors and the Board of Commissioners. ….(domicile),….date,…. Board of Directors, President Director

Director

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

REPORT ON SHAREHOLDERS COMPOSITION Applicant Shares Classification Report date

: : :

A. Shareholding Composition Total Shareholders

Total Shares

Total Shares owned 1-99 100-499 500-1000 1001-5000 5001-more Total

B. List of Shareholders Own 5 % or more No

Note:

Name

Total Shares

Nationality Status (I/A)

Status (Controlling/ Non Controlling)

If the shareholder is a limited liability company (Perseroan Terbatas), then the list of shareholders having 5% or more shares in such company is required

C. List of Controlling Shareholders, commissioners and directors No

a. b.

Name

Total Shares

The total shares owned by the Controlling Shareholder, commissioners or directors. The total shares owned by employees, if any.

TOTAL SHARES (a + b) Total shares of the company owned by the non controlling shareholders (absolute amount and % of the paid up capital) Note : If the shareholder is a limited liability company (Perseroan Terbatas), then the list of controlling shareholders in such company is required. ____________________

__________________

Securities Administration Agency

Director of Company

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

STATEMENT LETTER The undersigned : 1. Name Position 2. Name Position

: : : :

…………………………………………….. …………………………………………….. ……………………………………………..*) ……………………………………………..

In accordance with the Articles of Association of PT ……………………, domiciled at …………………. with the following: Head Office address : ……………………………………………… No/Date of Business Permit from Bapepam : ……………………………………………… NPWP : ……………………………………………… Hereby duly states that : 1. has read and understood the entire provisions and regulations that apply at the Jakarta Stock Exchange. 2. undertakes to comply with the relevant regulations issued by Jakarta Stock Exchange Inc. and other Laws and Regulations in the Capital Market and all of its implementing rules. This statement cannot be amended or revoked except with the consent of Jakarta Stock Exchange Inc. In witness whereof, this statement has been duly made to be used as appropriate.

Jakarta, …………………….. 2003 PT …………….……………….. Board of Directors, Stamp duty Rp 6.000,-

(…………………………..….) Name, company’s stamp

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

STATEMENT LETTER REQUIREMENTS FULFILLMENT OF THE UNAFFILIATED DIRECTOR PT ……………………………….. PURSUANT TO SECTION IV.1.8. OF RULE NUMBER I-I: CONCERNING DELISTING AND RELISTING OF SHARES IN THE EXCHANGE The undersigned : Name Position Name of Company Office Address Address of domicile (pursuant to KTP or other identity)

: : : :

Hereby states that Mr………………… being the Company’s Director pursuant to the resolution of the General Meeting of The Shareholders dated ……… is an Unaffiliated Director as referred to in section III.1.6 of Rule Number I-A: Concerning The Stock Listing and Equity-Type Securities Other Than Stock Issued by The Listed Company and has fulfilled the following requirements as an Unaffiliated Director : 1. Does not have an affiliate relation with the Controlling Shareholder (Pemegang Saham Pengendali) of the relevant Listed Company at least 6 (six) months prior to the appointment as the Unaffiliated Director; 2. Does not have an affiliate relation with the other Board of Commissioners or Board of Directors of the Listed Company; 3. Does not have a position in the Board of Director in other company. 4. Does not work as Insider at any capital market supporting institution or profession whose service is utilized by the Listed Company for 6 (six) months prior to the appointment as the Director. This statement is truthfully made Jakarta, …………….. (date/month/year) Stamp Duty

Name President Director PT ……………

Name Unaffiliated Director PT ……………….

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

STATEMENT LETTER OF THE BOARD OF DIRECTORS AND THE BOARD OF COMMISSIONERS CONCERNING THE COMPLIANCE OF REPUTATION REQUIREMENTS OF THE BOARD OF DIRECTORS AND THE BOARD OF COMMISSIONERS OF PT ……………………………….. PURSUANT TO SECTION IV.1.12. OF RULE NUMBER I-I: CONCERNING DELISTING AND RELISTING OF SHARES IN THE EXCHANGE The undersigned : Name Position Name of Company Office address Address of domicile (pursuant to KTP or other identity)

: : : :

Hereby confirms that each individual being the member of the Board of Directors and the Board of Commissioners of PT ……… presently: Board of Directors President Director Director Director Director Director

Board of Commissioners President Commissioner Commissioner Commissioner Commissioner Commissioner

Has in fact: 1. never been sentenced for conducting any crime for the past 10 (ten) years; 2. never been declared bankrupt; 3. never been pleaded guilty that caused the company which was or is under his/her management is declared bankrupt; 4. never been disrespectfully discharged from a job within the last 5 (five) years; 5. not been under guardianship. In witness whereof, this statement is duly made. Jakarta, …………….. (date/month/year) stamp duty Name PT ……………

DECISION OF BOARD OF DIRECTORS OF THE JAKARTA STOCK EXCHANGE INC. NUMBER: Kep-308/BEJ/07-2004 CONCERNING DELISTING AND RELISTING OF SECURITIES AT THE EXCHANGE

DECISION OF THE BOARD OF DIRECTORS OF THE INDONESIA STOCK EXCHANGE INC

Number Regarding

: :

Date of Issuance Date of Effective Considering

: : :

Kep-00418/BEI/12-2012 Rule Number I-O concerning Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange 28 December 2012 28 December 2012 a. that in order to provide product diversity as an alternative of investment for investors in Indonesia, then the Exchange intends to facilitate the listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange. b. that to support the above consideration and to provide legal basis for the implementation of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract, it is deemed necessary to stipulate provisions concerning Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract. c. that taking into account the considerations referred to in points a and b above, it is deemed necessary to stipulate Rule Number I-O concerning Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange in a Decision of the Board of Directors of the Indonesian Stock Exchange Inc.

In view of

1. Law Number 8 of 1995 concerning Capital Market (State Gazette of 1995 Number 64, Supplement Number 3608); 2. Government Rule Number 45 of 1995 concerning the Implementation of the Capital Market Activities (State Gazette of 1995 Number 86, Supplement Number 3617) as amended by Government Rule Number 12 of 2004 (State Gazette of 2004 Number 27, Supplement Number 4372); 3. Bapepam and LK Rule Number III-A.2 concerning Procedures for Rule Making by Securities Exchange (Attachment to the Decision of the Chairman of Capital Market Supervisory Agency Number Kep03/PM/1996 dated 17 January 1996); 4. Bapepam and LK Rule Number IX.M.1. concerning Guidelines for Investment Manager and Custodian Bank that Manage Real Estate Investment Trust in the Form of Collective Investment Contract (Attachment to Decision of the Chairman of Capital Market and Financial Institutions Supervisory Agency Number Kep-425/BL/2007 dated 18 December 2007); 5. Bapepam and LK Rule Number IX.M.2. concerning Guidelines for Collective Investment Contract of Real Estate Investment Trust in the Form of Collective Investment Contract (Attachment to Decision of the Chairman of Capital Market and Financial Institutions Supervisory Agency Number Kep-426/BL/2007 dated 18 December 2007); 6. Bapepam and LK Rule Number IX.C.15. concerning Registration 1

Statement of a Public Offering by Real Estate Investment Trust in the Form of Collective Investment Contract (Attachment to Decision of the Chairman of Capital Market and Financial Institutions Supervisory Agency Number Kep-423/BL/2007 dated 18 December 2007); 7. Bapepam and LK Rule Number IX.C.16. concerning Guidelines Concerning Form and Content of Prospectus for a Public Offering by Real Estate Investment Trust in the Form of Collective Investment Contract (Attachment to Decision of the Chairman of Capital Market and Financial Institutions Supervisory Agency Number Kep-424/BL/2007 dated 18 December 2007); 8. Decision of the Chairman of Capital Market and Financial Institutions Supervisory Agency Number: S-14844/BL/2012 dated 28 December 2012 regarding Approval of Concept of Rule Number I-O concerning Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange.

DECIDING: To stipulate

1. Rule Number I-O concerning Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange. 2. This Decision shall be effective as of the date of its stipulation.

Sincerely yours,

Ito Warsito President Director

Hoesen Director

Cc: 1. Chairman of the Capital Market and Financial Institutions Supervisory Agency (Bapepam and LK) 2. Secretary of Bapepam and LK 3. Head of Transaction and Securities Institution Bureau, Bapepam and LK 4. Head of Regulation and Legal Counsel Bureau, Bapepam and LK 5. Head of Investment Management Bureau, Bapepam and LK 6. Board of Directors of the Indonesian Securities Clearing and Guarantee Corporation Inc 7. Board of Directors of the Indonesian Central Securities Depository Inc 8. Board of Commissioners of the Indonesian Stock Exchange Inc

ATTACHMENT Decision of the Board of Directors of The Indonesia Stock Exchange Number : Kep-00418/BEI/12-2012 Stipulation Date : 28 December 2012 Effective Date : 28 December 2012

RULE NUMBER I-O: CONCERNING LISTING OF REAL ESTATE INVESTMENT FUND PARTICIPATION UNITS IN THE FORM OF COLLECTIVE INVESTMENT CONTRACT AT THE EXCHANGE I.

DEFINITION In this Rule, the following terms shall mean:

II.

I.1.

Exchange means Indonesia Stock Exchange Inc.

I.2.

Real Estate Investment Fund means Real Estate Investment Trust as intended in the Bapepam and LK Rule Number IX.M.1 concerning Guidelines for Investment Manager and Custodian Bank that Manage Real Estate Investment Trust in the Form of Collective Investment Contract.

I.3.

Exchange Day means a day when Securities trading takes place at the Exchange namely Monday to Friday, except the national holiday or declared as the Exchange holiday by the Exchange.

I.4.

Collective Investment Contract means Collective Investment Contract as intended in the explanation of article 18 paragraph (1) letter b of Law Number 8 of 1995 concerning Capital Market.

I.5.

Audited Financial Statement means the Financial Statement audited by Public Accountant registered with Bapepam and LK.

I.6.

Listing Board of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract means the board provided for the listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract.

I.7.

Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract means the listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract on the Listing Board of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract in order for it to be traded at the Exchange.

I.8.

Exchange Announcement means written announcement provided by the Exchange and or Listed Company through electronic media or other facilities specified by the Exchange.

GENERAL PROVISIONS II.1.

Real Estate Asset constitutes Real Estate asset that generates recurring income.

III.

II.2.

In order to organize an orderly, fair, and efficient Securities trading, the Exchange has the right to approve or reject an application for the Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract after reviewing the information and documents submitted by the Investment Manager or obtained by the Exchange, considering not only formal aspect, but also the substance of the requirements.

II.3.

In making decision related to the implementation of this Rule, the Exchange may request the Securities Listing Committee to provide opinion or consideration.

REQUIREMENTS OF LISTING OF REAL ESTATE INVESTMENT FUND PARTICIPATION UNITS IN THE FORM OF COLLECTIVE INVESTMENT CONTRACT The requirements of Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange are as follows:

IV.

III.1.

Registration Statement in term of Public Offering by Real Estate Investment Fund in the Form of Collective Investment Contract submitted to Bapepam and LK has become effective.

III.2.

Asset value which will become initial portfolio of the Real Estate Investment Fund in the Form of Collective Investment Contract shall be at least Rp50.000.000.000 (fifty billion rupiah).

III.3.

Amount of Participation Unit owned by the largest holder of the Participation Unit shall be 75% (seventy five percent) at maximum of total Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract to be issued. This requirement shall also be applicable during the listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange.

III.4.

The number of the holder of Participation Units after Public Offering shall be at least 100 (one hundred) holders of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract. This requirement shall also be applicable during the listing of Real Estate Investment Fund Participation Units in the Form of Contract at the Exchange.

PROCEDURES FOR THE LISTING OF REAL ESTATE INVESTMENT FUND PARTICIPATION UNITS IN THE FORM OF COLLECTIVE INVESTMENT CONTRACT IV.1.

Investment Manager intending to list Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange must submit an application for the preliminary agreement to the Exchange by filling a form which the form and substance pursuant to the Attachment I-O.1. of this Rule and pay registration fee for the Listing application in the amount of Rp10.000.000 (ten million rupiah).

IV.2.

Application for preliminary agreement as referred to in the provision IV.1. of this Rule must be completed with the following documents and information: IV.2.1.

General information concerning issuance of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract: 2

IV.2.1.1.

information on Real Estate Investment Fund in the Form of Collective Investment Contract;

IV.2.1.2.

information on Investment Manager;

IV.2.1.3.

information on Custodian Bank;

IV.2.1.4.

information on Special Purpose Company (if any);

IV.2.1.5.

information on the party who manages Real Estate Asset;

IV.2.1.6.

name of Underwriter (if any);

IV.2.1.7.

name of supporting professions: IV.2.1.7.1. Notary; IV.2.1.7.2. Public Accountant; IV.2.1.7.3. Legal Consultant; IV.2.1.7.4. Appraiser; IV.2.1.7.5. Other profession (if any).

IV.2.1.8.

Value of asset which will be the initial portfolio;

IV.2.1.9.

Amount of Participation Units to be offered;

IV.2.1.10. Minimum and maximum limit of Participation Units to be offered (if any); IV.2.1.11. Number of Participation Units to be listed; IV.2.1.12. Type of Real Estateâ&#x20AC;&#x2122;s business activity for investment purpose; IV.2.1.13. information on rental yield. IV.2.2.

Copy of agreement having been signed by the Parties: IV.2.2.1.

Collective Investment Contract in the form of notarial deed made by Notary who is registered with the Bapepam and LK;

IV.2.2.2.

Real Estate management agreement;

IV.2.2.3.

Underwriting agreement (if any);

IV.2.2.4.

Participation Units selling agent agreement (if any);

IV.2.2.5.

Agreement of Participation Units deposit in collective custodian between Custodian Bank and The Indonesian Central Securities Depository; 3

IV.2.3.

IV.2.2.6.

Lease agreement with respect to Real Estate for 10 (ten) greatest lessees;

IV.2.2.7.

Real estate sale-purchase agreement;

IV.2.2.8.

Other agreements (if any).

In the case that the Real Estate Investment Fund in the Form of Collective Investment Contract uses the Special Purpose Company, the following shall be attached: IV.2.3.1.

Deed of establishment and amendments to articles of association of the Special Purpose Company;

IV.2.3.2.

Business license from the relevant authority; and

IV.2.3.3.

List of parties affiliated to the Special Purpose Company.

IV.2.4.

Marketing and operational plan for Real Estate Investment Fund in the Form of Collective Investment Contract;

IV.2.5.

Legal audit report and legal opinion based on the relevant documents;

IV.2.6.

Real Estate appraisal document from Appraiser registered with Bapepam and LK;

IV.2.7.

Final draft of Prospectus having been signed by the relevant parties;

IV.2.8.

Copy of Certificate of Building Right Title and any other Certificate of Land Title and or building title;

IV.2.9.

Initial Net Assets Value report;

IV.2.10.

Calculation method and period of Net Assets Value (NAV) announcement;

IV.2.11.

Significant risk factors;

IV.2.12.

Structure of Real Estate Investment Fund in the Form of Collective Investment Contract;

IV.2.13.

Profit estimation and projection from Real Estate Investment Fund in the Form of Collective Investment Contract at least for the next 3 (three) years;

IV.2.14.

Policy on profit distribution of Real Estate Investment Fund in the Form of Collective Investment Contract;

IV.2.15.

Tentative schedule of public offering by Real Estate Investment Fund in the Form of Collective Investment Contract;

IV.2.16.

Evidence of payment of registration fee in the 10.000.000.- (ten million rupiah);

amount

IV.2.17.

Name of officer who acts on behalf of the Investment Manager to conduct the function as liaison or contact person with the Exchange and public. If the appointed officer is not a Director, such person shall be accompanied with an appointment letter as a liaison or contact person with the Exchange and public;

IV.2.18.

List of name, copy of identity card and signature specimen of officer authorized to sign correspondences delivered to the Exchange;

IV.2.19.

Documents of Securities Company who acts as Investment Manager: IV.2.19.1. Copy of business license as Investment Manager; IV.2.19.2. List of names of 2 (two) employees who have expertise and experience at least 5 (five) years in the field of investment management;

IV.2.20.

Statement Letter of Investment Manager which form and substance pursuant to the Attachment Number I-O.4. to this Rule.

IV.2.21.

Documents concerning Custodian Bank: IV.2.21.1. Copy of approval letter from Bapepam and LK; IV.2.21.2. Person in charge of Custodian Bank.

IV.2.22.

Copy of Certificate of Capital Market Supporting Profession Registration of: IV.2.22.1. Notary; IV.2.22.2. Legal Consultant; IV.2.22.3. Accountant; IV.2.22.4. Appraiser; IV.2.22.5. Other profession (if any).

IV.3.

Documents as referred to in the provision IV.2. of this Rule shall be deemed received if all of such documents have been completely received by the Exchange.

IV.4.

In order to review the Listing plan of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract, the Exchange may request for additional documents, information, explanations or organize a Hearing with the Investment Manager and or other parties related to the Listing plan.

IV.5.

In accordance with the evaluation and assessment of the Exchange, the Exchange submits a rejection or gives a principal approval on application for the preliminary agreement of the Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract submitted by the Investment Manager at the latest 10 (ten) Exchange Days after the Exchange receives the complete documents and information.

IV.6.

If the application for preliminary agreement of Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract is principally approved by the Exchange, then the Investment Manager and the Exchange sign a preliminary agreement of Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract in the form and substance pursuant to Attachment I-O.2. to this Rule, stipulated as follows: IV.6.1.

The preliminary agreement of Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract shall be effective at the longest 6 (six) months after the execution of such agreement and may be extended upon mutual agreement of the parties;

IV.6.2.

The preliminary agreement of Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract shall be terminated upon the expiry of its term as referred to in the provision IV.6.1. of this Rule;

IV.6.3.

The preliminary agreement of Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract shall be terminated earlier than the term as referred to in the provision IV.6.1. of this Rule if: IV.6.3.1.

the listing application of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract has obtained an approval from the Exchange; or

IV.6.3.2.

there is amendment in data and or material information causing the Real Estate Investment Fund in the Form of Collective Investment Contract no longer comply the Listing requirements of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract or the matters which underlie the signing of the agreement.

IV.7.

The Exchange will provide the Investment Manager cc. Bapepam and LK with written information on extension of the preliminary agreement of listing as referred to in the provision IV.6.1. of this Rule or termination thereof as referred to in the provision IV.6.3. of this Rule.

IV.8.

In the case that the Registration Statement in term of Public Offering by Real Estate Investment Fund in the Form of Collective Investment Contract has not become effective or has not been listed at the Exchange and there is change in and or addition to the documents submitted before, then the Investment Manager must submit the change and or addition to such documents not later than 2 (two) Exchange Days upon occurrence of the change and or addition.

IV.9.

In the case that the Registration Statement in term of Public Offering by Real Estate Investment Fund in the Form of Collective Investment Contract submitted to the Bapepam and LK becomes effective, then the Investment Manager must submit an application for Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract to the Exchange using the form which the form and substance pursuant to Attachment I-O.3. to this Rule, not later than 8 (eight) Exchange Days before the listing date at the Exchange.

IV.10. An application for the Listing as referred to in the provision IV.9. of this Rule, must be completed with at least the following documents: 6

IV.10.1. evidence of Registration Statement in term of Public Offering by Real Estate Investment Fund in the Form of Collective Investment Contract submitted to the Bapepam and LK has become effective; IV.10.2. Prospectus of Public Offering at least 5 (five) sets in the form of hardcopy and 1 (one) softcopy. IV.11. Report of holders composition of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract as the result of Public Offering in which the format and substance made pursuant to Attachment I-O.5 of this Rule, must be submitted at the latest 1 (one) Exchange Day before the planned Listing day. IV.12. Report of allocation result of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract, must be submitted at the latest 1 (one) Exchange Day by 14:00 Indonesian Western Time before the planned listing day. IV.13. Distribution confirmation of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract to Participation Unit holders through KSEI, must be submitted at least 1 (one) Exchange Day before the presumed listing day. IV.14. Listing approval will be given by the Exchange if the Investment Manager has complied with the provision stated in the Preliminary Agreement of Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract as referred to in the provision IV.6. of this Rule and after The Exchange has received the documents as referred to in the provision IV.10.of this Rule. IV.15. The Exchange will announce the listing and trading of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract as referred to in the provision IV.10. of this Rule at the latest 1 (one) Exchange Day before listing and trading of the Participation Units.

LISTING FEE V.1.

Listing Fee of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract is stipulated as follows: V.1.1.

Initial Listing Fee: V.1.1.1.

Initial listing fee for the Real Estate Investment Fund Participation Unit in the Form of Collective Investment Contract is Rp250.000 (two hundred fifty thousand rupiah) for each multiple of Rpl.000.000.000 (one billion rupiah) of NAV of the Real Estate Investment Fund in the Form of Collective Investment Contract, at least Rp25.000.000 (twenty five million rupiah) and at most Rp 150.000.000 (one hundred fifty million rupiah);

V.1.1.2.

in calculating the value of the Real Estate Investment Fund in the Form of Collective Investment Contract as referred to in the provision V.1.1.1. of this Rule, multiple of NAV of Real Estate Investment Fund in the Form of Collective Investment Contract which is less than Rp1.000.000.000 (one billion 7

rupiah) shall be rounded up to Rpl.000.000.000 (one billion rupiah). V.1.2.

V.2.

VI.

Annual Listing Fee: V.1.2.1.

annual listing fee for the Real Estate Investment Fund in the Form of Collective Investment Contract is Rp125.000 (one hundred twenty five thousand rupiah) for each multiple of Rpl.000.000.000 (one billion rupiah) of the latest NAV of Real Estate Investment Fund in the Form of Collective Investment Contract, with provision at least Rp25.000.000 (twenty five million rupiah) and at most Rp100.000.000 (one hundred million rupiah);

V.1.2.2.

in calculating the annual listing fee for the Real Estate Investment Fund in the Form of Collective Investment Contract, multiple of NAV of Real Estate Investment Fund in the Form of Collective Investment Contract which is less than Rp1.000.000.000 (one billion rupiah) shall be rounded up to Rpl.000.000.000 (one billion rupiah).

Payment of Listing Fee: V.2.1.

Initial listing fee shall be paid at the latest 2 (two) Exchange Days before the planned Listing date.

V.2.2.

Annual listing fee shall be paid in advance every January and must be received (good fund) in the Exchange's account at the latest on the last business day in January. In case the listing is conducted not in January, then the annual listing fee for the first year shall be calculated proportionally and paid simultaneously with the initial listing fee.

V.2.3.

The Exchange shall impose fine of 2% (two percent) per month of the annual listing fee which is calculated in proportional in accordance with total day of delay.

V.2.4.

The listing fee as referred to in the provision V.1 of this Rule is exclusive of VAT in accordance with the prevailing taxation provisions.

REPORTING VI.1.

The Investment Manager must provide the Exchange the reports containing but not limited to the following: VI.1.1.

Report on change in composition of portfolio of the Real Estate Investment Fund in the Form of Collective Investment Contract at the latest 2 (two) Exchange Days after the change.

VI.1.2.

Report on NAV submitted every month at the latest on the 5th (fifth) Exchange Day in the next month.

VI.1.3.

Annual report of the Real Estate Investment Fund in the Form of Collective Investment Contract at the latest by the end of the 3rd (third) 8

month after the date of annual Financial Statement which contains at least: VI.1.3.1.

Audited Financial Statement;

VI.1.3.2.

Appraisal report from the Appraiser;

VI.1.3.3.

Appraisal report of Securities related to the Real Estate and cash from the Real Estate Investment Fund in the Form of Collective Investment Contract;

VI.1.3.4.

Table of performance of the Real Estate Investment Fund in the Form of Collective Investment Contract covering among other total NAV in each year-end and NAV per Participation Unit in each year-end.

VI.1.4.

Evidence of notification advertisement and evidence of summon advertisement containing agenda on General Meeting of Participation Unit Holders (RUPUP) in written to the Exchange, at the latest on the same Exchange Day to the advertising date.

VI.1.5.

Report of RUPUP results to the Exchange accompanied with resume of meeting resolutions made by Notary, at the latest 2 (two) Exchange Days after the RUPUP was held.

VI.1.6.

Amendment of Collective Investment Contract or amendment to other agreements related to the Real Estate Investment Fund in the Form of Collective Investment Contract at the latest 2 (two) Exchange Days after such amendment effective.

VI.1.7.

Any material information with respect to the Real Estate Investment Fund in the Form of Collective Investment Contract must be submitted to the Exchange at the latest 2 (two) Exchange Days after resolutions or the existence of material information or fact. If such information is published on newspaper, then the information must be given on the same day when such information is published on newspaper.

VI.1.8.

Plan of assignment and or acquisition of Real Estate asset and price for assignment and or acquisition at the latest 2 (two) Exchange Days after resolutions of plan of assignment and or acquisition of Real Estate asset. If such information is published on newspaper, then the information must be given on the same day to the day when the information is published on newspaper;

VI.1.9.

Change in the Participation Unit holders who own Participation Unit of 5% (five percent) or more, both after buying or selling Participation Units at the latest on the 15th (fifteenth) of the next month;

VI.1.10.

Plan of resignation or replacement of Investment Manager and or Custodian Bank including their reasons, as well as information on the appointed replacement Investment Manager and or Custodian Bank and the effective date of the replacement, at the latest 2 (two) Exchange Days after decision of such replacement. The information shall at least state the name, address, phone, fax, e-mail, Tax Identification Number, and board 9

of management of the replacement Investment Manager and or Custodian Bank; VI.1.11.

Change of name of officer who acts on behalf of the Investment Manager to conduct the function as liaison or contact person with the Exchange and public at the latest 2 (two) Exchange Days after appointment. If the appointed officer is not a Director, such person shall be accompanied with an appointment letter as a liaison or contact person with the Exchange and public;

VI.1.12.

Schedule and plan of profit distribution to the holders of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the latest 2 (two) Exchange Days after resolution of the plan of profit distribution;

VI.1.13.

Plan of dissolution, liquidation and distribution of result of liquidation of Real Estate Investment Fund in the Form of Collective Investment Contract at the latest on the same day to the publication on newspaper;

VI.1.14.

Changes of name, address, phone number, fax number, e-mail address, website address of the Investment Manager, Custodian Bank or Special Purpose Company at the latest 2 (two) Exchange Days after the changes;

VI.1.15.

Change of Directors or Commissioners of the Investment Manager or Special Purpose Company or change of person in charge of the Custodian Bank at the latest 2 (two) Exchange Days after the change;

VI.1.16.

Amendments to articles of association of Special Purpose Company at the latest 2 (two) Exchange Days after approval of the amendment to the articles of association from the relevant authority.

VI.2.

The Exchange must announce the reports as referred to in the provision VI.1. of this Rule through the Exchange Announcement.

VI.3.

In case of plan of Real Estate asset acquisition, the Investment Manager must provide: VI.3.1.

Real Estate appraisal documents from Appraiser registered with the Bapepam and LK;

VI.3.2.

Copy of Certificate of Building Right Title and any other Certificate of Land Title and or building title;

VI.3.3.

Lease agreement with respect to the Real Estate;

VI.3.4.

Audited Financial Statement for last 3 (three) financial years of the asset owner company which presentation can reflect performance of the asset that will be acquired;

VI.3.5.

NAV pro forma after acquisition;

VI.3.6.

Yield pro forma from the Real Estate Investment Fund in the Form of Collective Investment Contract after acquisition.

VII.

VI.4.

In case that deadline for submission of the reports as referred to in this Rule falls on a holiday, then the Investment Manager must submit the reports at the latest on the next Exchange Day.

VI.5.

Obligation to submit the reports as referred to in this Rule shall remain effective although such Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract is suspended.

SANCTION VII.1. The Exchange may impose a sanction to the Investment Manager and or the Real Estate Investment Fund in the Form of Collective Investment Contract that violates the provisions of this Rule. VII.2. Types of sanction that may be imposed by the Exchange are: VII.2.1.

Written warning;

VII.2.2.

Fine;

VII.2.3.

Suspension.

VII.3. Written warning as referred to in the provision VII.2.1. of this Rule may be imposed to the Investment Manager if it fails to submit the reports as referred to in the provisions VI.1. and VI.3. of this Rule or fails to pay the annual listing fee as per the payment schedule as referred to in the provision V.2.2. of this Rule. VII.4. In the case that the Investment Manager has not fulfilled the reporting obligation as referred to in the provisions VI. 1. and VI.3. of this Rule until a period specified by the Exchange after imposition of written warning, then the Exchange may impose fine sanction. VII.5. In the case that the Investment Manager has not paid the annual listing fee and the fine within 15 (fifteen) calendar days after the deadline for payment of the annual listing fee as referred to in the provision V.2.2. of this Rule, then the Exchange may impose suspension of trading of the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract. VIII.

SUSPENSION The Exchange may impose suspension on the trading of the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract if: VIII.1. The Investment Manager is imposed with sanction as referred in the provision VII. of this Rule; VIII.2. There is a problem which in the opinion of the Exchange has material impact on performance of the Real Estate Investment Fund in the Form of Collective Investment Contract; VIII.3. Unusual transaction activity of Real Estate Investment Fund Participation Unit in the Form of Collective Investment Contract occurs;

VIII.4. There is plan of dissolution, liquidation, and distribution of result of Real Estate Investment Fund in the Form of Collective Investment Contract liquidation; VIII.5. There is important information which could materially impact the investment decision of investors which has not been provided by the Investment Manager. IX.

DELISTING IX.1.

IX.2.

The Exchange may consider on the Delisting of a Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract if: IX.1.1.

Bapepam and LK revokes the Registration Statement that has been stated Effective;

IX.1.2.

There is dissolution, liquidation and distribution of results of liquidation of the Real Estate Investment Fund in the Form of Collective Investment Contract;

IX.1.3.

The Exchange has imposed suspension on the trading of the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract as referred to in the provision VIII. of this Rule at least for 12 (twelve) consecutive months.

The Exchange may consider an application of Investment Manager to delist the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract if: IX.2.1.

The Delisting plan has been decided in a RUPUP and approved by the holders of the Participation Units who represent at least 75% (seventy five percent) of total Participation Units;

IX.2.2.

One of the agenda of the RUPUP is to decide proposal of payment to all Holders of the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at fair value pursuant to results of appraisal made by Appraiser registered with the Bapepam and LK.

SCHEDULE OF PROFIT DISTRIBUTION Profit distribution of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract shall be made on terms as follows: X.1.

Real Estate Investment Fund in the Form of Collective Investment Contract that intend to distribute profit must submit a report to the Exchange regarding the profit distribution plan, including the profit distribution schedule, at the latest 2 (two) Exchange Days after the decision concerning the profit distribution plan.

X.2.

Real Estate Investment Fund in the Form of Collective Investment Contract must state the basis of the decision and documents that support the implementation of such profit distribution at the same time to the submission of profit distribution schedule to the Exchange.

X.3.

The Exchange announces result of the RUPUP and the profit distribution schedule as referred to in the provision X.1. or X.2. of this Rule at the latest on the next Exchange Day after such notification is received by the Exchange. 12

X.4.

Recording date of the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract in the holders list of the Participation Units to determine holders of the Participation Units entitled to receive the profit distribution must be made at the earliest 8 (eight) Exchange Days after the announcement as referred to in the provision X.3. of this Rule.

X.5.

Realization of the profit distribution must be accomplished at the latest 10 (ten) Exchange Days after the recording date of the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract in the holders list of Participation Units to determine holders of the Participation Units entitled to receive the profit distribution as referred to in the provision X.4. of this Rule. Stipulated in On

: Jakarta : 28 December 2012

The Indonesia Stock Exchange

Ito Warsito President Director

Hoesen Director

ATTACHMENT I-O.1 Number: Attachment:

(date/month/year)..…….

Listing Director of The Indonesia Stock Exchange Inc. Gedung Bursa Efek Indonesia Jl. Jend. Sudirman Kav 52-53 Jakarta 12190, Indonesia Attn .: Head of Listing Division – Services Sector

Re : Application for Preliminary Agreement of Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract By this letter, we express our intention to list the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the Indonesia Stock Exchange Inc. With respect to the foregoing, we hereby submit the application for obtaining the Preliminary Agreement of Listing of the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract from the Indonesia Stock Exchange Inc. as one of our requirements to submit the Registration Statement to Bapepam and LK. For your consideration, enclosed herewith we submit the documents and the information of the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract as follows: I.

General 1. Information on Real Estate : Investment Fund Participation Units in the Form of Collective Investment Contract

Full name: Website:

2. Information Manager

Name: Address: Telp.: Fax.: E-mail: Tax Identification Number: Management structure:

Investment :

3. Information on Custodian Bank

Name: Address: Telp.: Fax.: E-mail: Tax Identification Number: Management structure:

4. Information on Special Purpose : Company (if any)

Name: Address: Telp.: Fax.: E-mail: Tax Identification Number: Management structure: 1

5. Information on the party who : manage the Real Estate Asset

6. Name of Underwriter (if any)

7. Name of Supporting Professions - Notary - Public Accountant - Legal Consultant - Appraiser - Other profession (if any)

: : : : : :

Name: Address: Telp.: Fax.: E-mail: Tax Identification Number: Management structure:

8. Value of asset which will be the : Rp initial portfolio 9. Amount of Participation Units to : be offered 10. Minimum and maximum limit of : Participation Units to be offered (if any) 11. Number of Participation Units to : be listed 12. Type of Real Estateâ&#x20AC;&#x2122;s business : activity for investment purpose 13. Information on rental yield

II. Attachment to the submitted Document and Information: 1. Copy of agreement having been signed by the Parties: a. Collective Investment Contract in the form of notarial deed made by Notary who is registered with the Bapepam and LK; b. Real Estate management agreement; c. Underwriting agreement (if any); d. Participation Units selling agent agreement (if any); e. Agreement of Participation Units deposit in collective custodian between Custodian Bank and Depository and Settlement Agency (The Indonesian Central Securities Depository or KSEI); f. Lease agreement with respect to Real Estate for 10 (ten) greatest lessees; g. Real estate sale-purchase agreement; h. Other agreements (if any); 2. In the case that the Real Estate Investment Fund in the Form of Collective Investment Contract uses the Special Purpose Company, shall be attached: 2

a. Deed of establishment and amendments to articles of association of the Special Purpose Company; b. Business license from the relevant authority; and c. List of Parties affiliated to the Special Purpose Company. 3. Marketing and operational plan for Real Estate Investment Fund in the Form of Collective Investment Contract; 4. Legal audit report and legal opinion based on the relevant documents; 5. Real Estate appraisal document from Appraiser who is registered with Bapepam and LK; 6. Final draft of Prospectus that has been signed by the relevant parties; 7. Copy of Certificate of Building Right Title and other Certificate of Land Title and or building title; 8. Initial Net Assets Value report; 9. Calculation method and period of Net Assets Value (NAV) announcement; 10. Significant risk factors; 11. Structure of Real Estate Investment Fund in the Form of Collective Investment Contract; 12. Profit estimation and projection from Real Estate Investment Fund in the Form of Collective Investment Contract at least for the next 3 years; 13. Policy on profit distribution of Real Estate Investment Fund in the Form of Collective Investment Contract; 14. Tentative schedule of public offering by Real Estate Investment Fund in the Form of Collective Investment Contract; 15. Evidence of payment of registration fee in the amount of Rp10.000.000 (ten million rupiah); 16. Name of officer who acts on behalf of the Investment Manager to conduct the function as liaison or contact person with the Exchange and public. If the appointed officer is not a Director, such person shall be accompanied with an appointment letter as a liaison or contact person with the Exchange and public; 17. List of name, copy of identity card and signature specimen of officer authorized to sign correspondences delivered to the Exchange; 18. Documents of Securities Company who acts as Investment Manager: a. Copy of business license as Investment Manager; b. List of names of 2 (two) employees who have expertise and experience at least 5 (five) years in the field of investment management; 19. Statement Letter of Investment Manager which form and substance pursuant to the Attachment Number I-O.4 to this Rule. 20. Documents concerning Custodian Bank; a. Copy of approval letter from Bapepam and LK; b. Person in charge of Custodian Bank. 3

21. Copy of Certificate of Capital Market Supporting Profession Registration of: a. Notary; b. Legal Consultant; c. Accountant; d. Appraiser; e. Other profession (if any).

Sincerely,

( ..............................) Investment Manager

ATTACHMENT I-O.2 PRELIMINARY AGREEMENT OF LISTING OF REAL ESTATE INVESTMENT FUND PARTICIPATION UNITS IN THE FORM OF COLLECTIVE INVESTMENT CONTRACT (Preliminary Agreement of Listing) This Agreement is entered into this day, Indonesia Stock Exchange Inc.

, by the undersigned below:

: Domiciled in Jakarta, established pursuant to Deed of Establishment No. 27 dated 4 December 1991 passed before Mrs. Poerbaningsih Adi Warsito, S.H., Notary in Jakarta, as lastly amended by Deed Number 33 dated 13 June 2008, made before Dr. Amrul Partomuan Pohan, SH, LLM, Notary in Jakarta, that has obtained approval from the Minister of Law and Human Rights of the Republic of Indonesia Number AHU01506.AH.01.02 year 2009 dated 8 January 2009, in this matter is represented by ......................... in his capacity as President Director of the Indonesia Stock Exchange Inc., hereinafter referred to as the FIRST PARTY.

Real Estate Investment Fund : Domiciled in ..................., in this matter is represented by ………….. ......................... in his capacity as the Investment Manager ........................., hereinafter referred to as the SECOND PARTY. The FIRST PARTY and the SECOND PARTY, jointly referred to as the Parties, firstly declare as follows: a. that the SECOND PARTY intends to list the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange of the FIRST PARTY, and the FIRST PARTY is willing to consider that matter; b. that to comply with the provisions regulated in the Bapepam and LK Rule Number IX.C.15 concerning the Registration Statement in Term of Public Offering by Real Estate Investment Fund in the Form of Collective Investment Contract (Attachment to the Decision of the Chairman of the Capital Market and Financial Institutions Supervisory Agency Number Kep-423/BL/2007 dated 18 December 2007), the Parties agree to enter into the Preliminary Agreement of Listing of the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange (hereinafter referred to as the "Agreement") on the terms and conditions as follows: ARTICLE 1 Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at The Exchange The FIRST PARTY shall list the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange submitted by the SECOND PARTY at the Indonesia Stock Exchange in the following terms: 1. The application of the SECOND PARTY has been submitted in accordance and in compliance with the prevailing regulations; and 2. Pursuant to the consideration and the result of evaluation performed by the FIRST PARTY, it is obtained a valuation that the SECOND PARTY is able to fulfil the listing requirements referred to 1

in Rule Number I-O concerning Listing of the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange, particularly in relation with: a. The Registration Statement in term of Public Offering by Real Estate Investment Fund in the Form of Collective Investment Contract submitted to Bapepam and LK has become effective. b. Asset value which will become initial portfolio of the Real Estate Investment Fund in the Form of Collective Investment Contract shall be at least Rp50.000.000.000 (fifty billion rupiah). c. Amount of Participation Units owned by the biggest holder of the Participation Units shall be not greater than 75% (seventy five percent) of total Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract to be issued. This requirement shall also be applicable during Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract is listed at the Exchange. d. Number of the Participation Unit holders after Public Offering shall be at least 100 (one hundred) holders of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract. This requirement shall also be applicable during Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract is listed at the Exchange.

ARTICLE 2 The Placement on the Listing Board of the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract By taking into account provision III of Rule Number I-O concerning the Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange, the FIRST PARTY shall list the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract of the SECOND PARTY at the Exchange on Listing Board of the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract in accordance with Rule Number I-O concerning Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract at the Exchange.

ARTICLE 3 Early Termination This Agreement shall terminate if within the term of this Agreement, the following has occurred: 1. The registration statement submitted to Bapepam and LK does not become effective. 2. The listing application of the SECOND PARTY has been approved by the FIRST PARTY and the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract of the SECOND PARTY has been listed in the list of Securities listed at the Exchange of the FIRST PARTY. 3. There is amendment of data and or material information that causes the Real Estate Investment Fund in the Form of Collective Investment Contract is no longer in compliance with the listing requirements or the underlying matters of the execution of this Agreement.

ARTICLE 4 Term of Agreement This Agreement will be effective for 6 (six) months as of the date of signing and may be extended for maximum 6 (six) months, subject to approval of the Parties.

ARTICLE 5 Closing 1. The Parties agree to waive the provision of Article 1266 of the Civil Code of the Republic of Indonesia to the extent that a court judgment is required for the cancellation or termination of this Agreement. 2. This Agreement shall be made in 2 (two) original print, each having the same contents, on a duly stamped paper, and each shall have the same legal effect after it has been signed by the Parties. In witness whereof, this Agreement was signed by the Parties through authorized representatives of the Parties on the day, date and year as set forth in the preamble of this Agreement.

The Parties FIRST PARTY Indonesia Stock Exchange Inc.

SECOND PARTY PT ................(Investment Manager)

……………………….. President Director

……………………….. Director

ATTACHMENT 1-O.3. Number Attachment

: :

(date/month/year) .........

Director of Listing of the Indonesia Stock Exchange Inc. Gedung Bursa Efek Indonesia Jl. Jend. Sudirman Kav 52-53 Jakarta 12190, Indonesia Attn.: Head of Listing Division – Services Sector Re

: Application for Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract (DIRE in the Form of KIK)

With reference to our letter No. ..... dated ……… regarding Application for Preliminary Agreement of Listing of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract, we hereby apply for Listing of Real Estate Investment Fund Participation Units in the Form of Contract at the Indonesia Stock Exchange Inc. For consideration, we attach documents and information in relation to the Real Estate Investment Fund Participation Units in the Form of Contract as follows: I.

General 1. Name of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract: 2. Number of Participation Unit to be offered: 3. Value of Net Asset per Unit: Rp 4. Number of Participation Unit to be listed:

II. Attachment to the submitted document and information: 1. Evidence of Registration Statement in term of Public Offering by the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract submitted to Bapepam and LK has become effective. 2. 5 (five) exemplars of hardcopy and 1 (one) softcopy of Public Offering Prospectus by the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract. 3. Report of composition of holders of the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract after results of the Public Offering which form and substance pursuant to the Attachment I-O.5. to this Rule, at the latest 1 (one) Exchange Day before the planned listing date. 4. Report of allotment result of the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contracts, not later than 1 (one) Exchange Day at 14.00 WIB before the planned listing date.

5. Confirmation of distribution of the Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract, not later than 1 (one) Exchange Day before the planned listing date.

Sincerely,

(………………………) Investment Manager

ATTACHMENT I-O.4. STATEMENT LETTER We, the undersigned: Name Position Identity No.

: : :

……………………………………………………… ……………………………………………………… ………………………………………………………

Name Position Identity No.

: : :

……………………………………………………… ……………………………………………………… ………………………………………………………

Acting for and on behalf of Investment Manager of the Real Estate Investment Fund Participation Unit in the Form of Collective Investment Contract............................... hereby duly state that: 1.

We are responsible for the accuracy of information provided to the Exchange.

We have read and understood all the prevailing rules and regulations in the Indonesian Stock Exchange Inc.

We are willing to comply with the related regulations issued by the Indonesia Stock Exchange Inc. and any other laws in the Capital Market sector and the implementing regulations thereof.

If we violate any part or all of the prevailing rules and regulations as referred to in number 1 above, we are willing to receive sanction as stipulated in the rules of the Indonesia Stock Exchange Inc.

This statement shall not be amended or revoked except with the approval of the Indonesia Stock Exchange Inc. In witness whereof this statement is duly made to be used as appropriate.

Jakarta, .................................. ... PT ............... Board of Directors Stamp duty Rp 6.000,-( ...............) Print name, seal of company

ATTACHMENT I-O.5. REPORT OF COMPOSITION OF HOLDERS OF REAL ESTATE INVESTMENT FUND PARTICIPATION UNITS IN THE FORM OF COLLECTIVE INVESTMENT CONTRACT Name of Applicant : Name of Real Estate Investment Fund in the : Form of Collective Investment Contract: Date of Report : A. Composition of Ownership of Real Estate Investment Fund Participation Units in the Form of Collective Investment Contract Number of Participation Number of owned Number of Participation Unit Holders Participation Unit Units 1-99 100-499 500-1000 1001-5000 5001-above Total

B. List of Participation Unit Holders Who Own 5% (five percent) or more No Name Number of Status of Citizenship Status (Controller Participation Units (Indonesia/Foreign) /Non-Controller)

Note: If the Participation Unit holder is a Limited Liability Company, it requires the list of shareholders who own 5% or more of the Company

C. List of Participation Unit Controlling Holders, Commissioners and Directors No Name Total Share Number of Participation Unit owned by Controlling Holders of Participation Unit, Commissioners or Directors. Number of Participation Unit owned by non-controlling holders of Participation Unit (total absolute and percentage of paid up capital)

Sincerely yours,

( ........................ ) Investment Manager

DECISION OF THE BOARD OF DIRECTORS OF THE INDONESIA STOCK EXCHANGE INC. Number Regarding Date of Issuance Date of Effective Considering

: Kep-00113/BEI/11-2015 : Rule Number I-R concerning Listing of Asset-Backed Securities in the Form of Participatory Notes for Secondary Financing for Housing : November 30, 2015 : November 30, 2015 : a. that the Financial Services Authority has published the Regulations of the Financial Services Authority Number: 23/POJK.04/2014 regarding Guidance for Issuing and Reporting Asset-Backed Securities in the Form of Participatory Notes for Secondary Financing for Housing; b. that in order to encourage the development of investment products in the capital market through the issuance of Asset-Backed Securities in the Form of Participatory Notes and to provide protection to investors, specific arrangements need to be established regarding the Listing of Asset-Backed Securities in the Form of Participatory Notes for Secondary Financing for Housing; c. that based on the considerations referred to in paragraphs a and b above, it is necessary to establish rules regarding the Listing of Asset-Backed Securities in the Form of Participatory Notes for Secondary Financing for Housing, in the Decision of the Board of the Indonesia Stock Exchange.

In view of

: 1. Law Number 8 of 1995 concerning Stock Market (State Gazette of 1995 Number 64, Supplement to the State Gazette Number 3608); 2. Government Regulation Number 45 of 1995 concerning the Implementation of the Capital Market Activities (State Gazette of 1995 Number 86, Supplement to the State Gazette Number 3617); 3. Bapepam Rule Number III-A.2 concerning Procedures for Rule-Making by Securities Exchange (Attachment to the Decision of the Chairman of Capital Market Supervisory Agency Number Kep-03/PM/1996 dated January 17, 1996); 4. Regulations of the Financial Services Authority Number: 23/POJK.04/2014 regarding Guidance for Issuing and Reporting AssetBacked Securities in the Form of Participatory Notes for Secondary Financing for Housing; 5. Decision of the Board of Commissioners of the Financial Services Authority Number S-110/PM.2/2015 dated November 27, 2015 concerning the Approval of Draft of the Indonesian Stock Exchange Rule Number I-R regarding Listing of Asset-Backed Securities in the Form of Participatory Notes for Secondary Financing for Housing.

STIPULATED: To stipulate

: 1. Rule Number I-R regarding Listing of Asset-Backed Securities in the Form of Participatory Notes for Secondary Financing for Housing, as set forth in the Attachment of this Decision. 2. This Decision shall be effective as of the enactment date.

Yours sincerely,

Alpino Kianjaya Director

Hamdi Hassyarbaini Director

Copy to: 1. Chief Executive functioning as Capital Market Supervisor, Financial Services Authority 2. Deputy Commissioner of Capital Market Supervisor I, Financial Services Authority 3. Deputy Commissioner of Capital Market Supervisor II, Financial Services Authority 4. Department Head of Capital Market Supervisory 2A, Financial Services Authority 5. Director of Investment Management, Financial Services Authority 6. Director of Securities Transactions Supervision, Financial Services Authority 7. Director of Capital Market Regulation, Financial Services Authority 8. Board of Directors of the Indonesian Clearing and Guarantee Inc. 9. Board of Directors of the Indonesian Central Securities Depository Inc. 10. Board of Commissioners of the Indonesia Stock Exchange Inc.

ATTACHMENT Decree of the Board of Directors of The Indonesia Stock Exchange Inc. Number : Kep-00113/BEI/11-2015 Date of Issuance : November 30, 2015 Date of Effective : November 30, 2015

RULE NUMBER I-R :

LISTING OF ASSET-BACKED SECURITIES IN THE FORM OF PARTICIPATORY NOTES FOR SECONDARY FINANCING FOR HOUSING

DEFINITION In this Rule, the following terms shall mean: I.1.

Asset Backed Securities in the Form of Participatory Notes hereinafter referred to as the EBA-SP is an Asset Backed Securities issued by the Issuer the portfolio of which shall take the form of Accrued Receivables and a proof of ownership proportionally over the Accrued Receivables owned jointly by a group of the EBA-SP holder as provided for in the provisions of Article 1 Number 1 of the Regulations of the Financial Services Authority Number: 23/POJK.04/2014 regarding Guidance for Issuing and Reporting Asset-Backed Securities in the Form of Participatory Notes for Secondary Financing for Housing.

I.2.

Issuer shall mean a Party who issues the EBA-SP for Secondary Financing for Housing as provided for in Article 1 Number 4 of the Regulations of the Financial Services Authority Number: 23/POJK.04/2014 regarding Guidance for Issuing and Reporting Asset-Backed Securities in the Form of Participatory Notes for Secondary Financing for Housing.

I.3.

Material Information or Fact of EBA-SP shall mean information or important and relevant fact of an event, occurrence or fact that may affect the price of EBA-SP and/or the decision of investors, prospective investors or another Parties interested in the information or fact as provided for in Article 1 Number 14 of the Regulations of the Financial Services Authority Number: 23/POJK.04/2014 regarding Guidance for Issuing and Reporting Asset-Backed Securities in the Form of Participatory Notes for Secondary Financing for Housing.

I.4.

Financial Statement of EBA-SP shall mean financial statement of EBA-SP.

I.5.

Audited Financial Statement shall mean the Financial Statement that has been audited by Public Accountant registered with the Financial Services Authority.

I.6.

Listing shall mean the listing of Securities in the Securities list registered with the Exchange so that they can be traded on the Exchange.

I.7.

Exchange shall mean The Indonesia Stock Exchange Inc.

I.8.

Exchange Day shall mean a day when Securities trading takes place at the Exchange namely Monday to Friday, except the national holiday or declared as the Exchange holiday by the Exchange.

I.9.

KSEI shall mean the Indonesian Central Securities Depository Inc.

I.10.

Listing Committee shall mean a committee established by the Exchange whose members are appointed by the Exchange pursuant to their expertise, who are responsible to provide opinions to the Exchange, either upon request or voluntarily, in respect of the listing of Securities of the Listed Company on the Exchange.

II.

III.

GENERAL PROVISIONS II.1.

The Listing application of EBA-SP shall be submitted by the Issuer.

II.2.

The Exchange is authorized to approve or reject the Listing application of EBA-SP after reviewing the statements and documents which are submitted by the Issuer or obtained by the Exchange, by considering the formal aspect and the substance of the requirements.

II.3.

In order to review the Listing plan of EBA-SP, the Exchange may request additional documents, information and/or explanations, either orally or in writing from the Issuer and/or other Parties related to the Listing plan of EBA-SP.

II.4.

In the decision-making process related to the implementation of this listing rule, the Exchange may request the Listing Committee to provide advice or consideration.

II.5.

The Exchange determines the Listed Company Code and Securities Code for each EBA-SP Listing.

II.5.

The Exchange determines the Listed Company Code and Securities Code for each EBA-SP Listing.

II.6.

Any or all of the provisions of this Regulation shall not apply to the Issuer and/or the EBASP which are specifically excluded by the Government of the Republic of Indonesia or the Financial Services Authority.

EBA-SP LISTING REQUIREMENTS III.1.

The Registration Statement submitted to the Financial Services Authority has become effective;

III.2.

Having an officer acting on behalf of the Issuer as liaison officer or contact person with the Exchange and the public, on the terms as follows:

III.3.

III.2.1.

The position of such officer may be held concurrently by a Director. In the event that the officer is not a Director, the Board of Directors of the Issuer shall be responsible for any information provided by the officer;

III.2.2.

The officer must have access to the material and relevant information related to the obligation of the Issuer to provide transparency of information to the public.

Having the EBA-SP Issuance Agreement containing the provisions as provided for in Articles 2 and 3 of the Regulations of the Financial Services Authority Number: 23/POJK.04/ 2014 regarding Guidance for Issuing and Reporting Asset-Backed Securities in the Form of Participatory Notes for Secondary Financing for Housing and additional provisions at least regarding: III.3.1.

the obligations of the Issuer to provide to the Exchange, all reports, Material Information and Facts, including obligations of reporting from the Custodian Bank and the Trust Agent to the Financial Services Authority as provided for in the provision V of this Rule;

III.3.2.

general meeting of EBA-SP holder at least containing any matters as provided for in Articles 38, 39, 40 and 41 of the Regulations of the Financial Services Authority Number: 23/POJK.04/2014 regarding Guidance for Issuing and

Reporting Asset-Backed Securities in the Form of Participatory Notes for Secondary Financing for Housing.

IV.

III.4.

Having EBA-SP rating result included in the criteria of top 4 (four) rank from the Securities rating company that obtains the business license from the Financial Services Authority;

III.5.

Having a contract with KSEI with regard to the registration of EBA-SP in the collective custody with KSEI;

III.6.

Willing to comply with the Exchange rules and the existing laws and regulations in the field of Capital Market;

III.7.

Paying the registration fee of IDR 25,000,000.- (twenty five million rupiahs).

EBA-SP LISTING PROCEDURE IV.1.

In order to list the EBA-SP in the Exchange, the Issuer must submit 2 (two) applications to the Exchange, namely: IV.1.1.

an application for preliminary EBA-SP Listing; and

IV.1.2.

an application for EBA-SP Listing.

IV.2.

The Issuer shall submit the application for preliminary EBA-SP Listing as referred to in provision IV.1.1. of this Rule to the Exchange by using the forms which form and substance shall be in accordance with Attachment I-R.1. of this Rule.

IV.3.

The application for preliminary EBA-SP Listing as referred to in provision IV.2. of this Rule shall enclose the following documents and information: IV.3.1.

information about the Issuer, the Original Creditors, Service Providers, Securities Rating Company, Underwriter (if any), the Capital Market Supporting Institution or Profession by completing a form which form and substance shall be in accordance with Attachment I-R.2. of this Rule;

IV.3.2.

documents about the Issuer, at least comprises: IV.3.2.1.

copy of deed of establishment and Articles of Association of the Issuer that have been validated by the competent authority and all amendments thereto;

IV.3.2.2.

copy of valid Certificate of Company Registration;

IV.3.2.3.

description of business activities, performance and financial position of the Issuer;

IV.3.2.4.

brief history of the Issuer;

IV.3.2.5.

organizational Structure of the Issuer up to the first level officer under the Board of Directors;

IV.3.2.6.

shareholders register including number and percentage of their shareholding;

IV.3.2.7.

signature specimen of officer who is authorized to sign the correspondences delivered to the Exchange;

IV.3.2.8.

copy of Tax Identification Number (NPWP) of the Issuer.

IV.3.3.

a letter of appointment of contact person with the Exchange and public;

IV.3.4.

a statement letter concerning responsibility for the accuracy of information provided to the Exchange and willingness to comply with the Exchange rules and the applicable laws and regulations in the field of Capital Market signed by the Board of Directors of the Issuer which form and substance shall be in accordance with Attachment I-R.3. of this Rule;

IV.3.5.

the latest Audited Financial Statement of the Issuer;

IV.3.6.

information related to the EBA-SP to be listed by completing a form which form and substance shall be in accordance with Attachment I-R.4 of this Rule;

IV.3.7.

documents related to the EBA-SP to be listed, at least comprises: IV.3.7.1.

final draft of Public Offering prospectus;

IV.3.7.2.

information related to legal aspect for the Issuance of EBA-SP from the Legal Consultant registered with the Financial Services Authority, regarding: IV.3.7.2.1. scope of audit; IV.3.7.2.2. the most recent development of audit report in terms of legal aspect that has been conducted by the Legal Consultant; IV.3.7.2.3. further audit to be conducted by the Legal Consultant; IV.3.7.2.4. significant findings to be followed up by the related party (if any).

IV.3.8. IV.4.

IV.3.7.3.

preliminary projection of EBA-SP payment in accordance with weighted average of the maturity of EBA-SP along with assumption used;

IV.3.7.4.

final draft of EBA-SP Transaction Documents as referred to in Article 1 Number 15 of the Regulations of the Financial Services Authority Number: 23/POJK.04/2014 regarding Guidance for Issuing and Reporting Asset-Backed Securities in the Form of Participatory Notes for Secondary Financing for Housing;

IV.3.7.5.

preliminary rating of EBA-SP.

payment receipt of registration fee.

The documents as referred to in the provisions IV.2. and IV.3. of this Rule shall be considered to have been received if all the documents have been received completely by the Exchange in the form of hardcopy and softcopy.

IV.5.

The Exchange may request the Issuer to make presentation concerning the Issuer and plan for EBA-SP Listing to the Exchange.

IV.6.

In accordance with an evaluation and an appraisal of the Exchange, the Exchange shall give a rejection or a principal approval on the application for preliminary EBA-SP Listing no later than 10 (ten) Exchange Days as of the Exchange receives the complete documents and/or information.

IV.7.

In the event that the application for preliminary EBA-SP Listing is principally approved by the Exchange, then the Issuer and the Exchange shall execute a Preliminary Agreement on EBA-SP Listing, which form and substance shall be in accordance to Attachment I-R.5. of this Rule, provided as follows: IV.7.1.

IV.8.

IV.9.

the Preliminary Agreement on the EBA-SP Listing shall be effective at the longest six (6) months as of the execution of such agreement and may be extended upon mutual agreement of the Parties under the following provisions: IV.7.1.1.

the Preliminary Agreement on the EBA-SP Listing may be extended for 1 (one) time;

IV.7.1.2.

the term of extension of the Preliminary Agreement on the EBA-SP Listing shall be for a maximum of 6 (six) months as of the execution of the extension of such Preliminary Agreement on the EBA-SP Listing.

IV.7.2.

the Preliminary Agreement on the EBA-SP Listing shall terminate upon the expiry of its term as referred to in the provision IV.7.1. of this Rule;

IV.7.3.

The Preliminary Agreement on the EBA-SP Listing shall terminate earlier than the term as referred to in provision IV.7.1. of this Rule, if: IV.7.3.1.

application for EBA-SP Listing has been approved by the Exchange; and

IV.7.3.2.

there is a material change in data and/or information causing the Issuer and/or EBA-SP no longer fulfills the requirements of Listing or the matters which are the base of the execution of the agreement.

After the Issuer has executed the Preliminary Agreement on the EBA-SP Listing as referred to in provision IV.7. of the Rule and before the effective statement is obtained from the Financial Services Authority, the Issuer shall be obliged to submit: IV.8.1.

final rating of the EBA-SP;

IV.8.2.

final projection of the EBA-SP payment in accordance with the weighted average of the maturity of EBA-SP along with assumption used;

IV.8.3.

audit report and legal opinion related to the issuance of the EBA-SP;

IV.8.4.

change in and/or addition to the documents that have been submitted previously no later than 2 (two) Exchange Days as from such change and/or addition (if any).

In the event that the EBA-SP Registration Statement submitted by the Issuer to the Financial Services Authority becomes effective, then the Issuer that will conduct Public

Offering must submit a Listing application as referred to in the provision IV.1.2. of this Rule to the Exchange in the form and substance as set out in the Attachment I-R.6. to this Rule no later than 2 (two) Exchange Days after the Registration Statement submitted to the Financial Services Authority has become effective. IV.10.

The Listing application as referred to in the provision IV.9 of this Rule must be accompanied by the documents at least as follows: IV.10.1.

copy of notification letter from the Financial Services Authority to the Issuer stating the EBA-SP Registration Statement is declared to be effective;

IV.10.2.

Public Offering prospectus at least 3 (three) counterparts;

IV.10.3.

copy of EBA-SP Transaction Documents along with the change thereto (if any);

IV.10.4.

copy of contract with KSEI concerning registration of EBA-SP in collective custody with KSEI;

IV.10.5.

Report of Result of Allotment and Report of Composition of EBA-SP holders by using the forms which form and substance shall be in accordance with Attachment I-R.7. to this Rule. This report shall be submitted no later than 1 (one) Exchange Day before the planned Listing date;

IV.11.

A Listing approval will be granted by the Exchange no later than 5 (five) Exchange Days after the Exchange receives the complete documents as referred to in the provisions IV.9. and IV.10. of this Rule in the form of hardcopy and softcopy.

IV.12.

The Exchange shall announce the Listing and the trade of the EBA-SP no later than 1 (one) Exchange Day prior to the commencement of such trading.

IV.13.

The Issuer that has issued EBA-SP listed on the Exchange or the Issuer that constitute a Listed Company, the documents as referred to in the provisions IV.3.1., IV.3.2., and IV.3.4. of this Rule shall only be required to be reported in case of any change in the document previously submitted to the Exchange.

REPORTING OBLIGATION The Issuer shall be obliged to report the disclosure of information under the following provisions: V.1.

Periodical Report: V.1.1.

Financial Statement of the EBA-SP with the following provisions: V.1.1.1.

audited annual financial statement of the EBA-SP, no later than at the end of the 3rd (third) month after the date of the annual financial statement;

V.1.1.2.

semi-annual financial statement of EBA-SP as follows: V.1.1.2.1. the audited semi-annual financial statement of the EBA-SP by a Public Accountant, no later than 3 (three) months after the date of the semi-annual financial statement;

V.1.1.2.2. the limited reviewed semi-annual financial statement of the EBA-SP by a Public Accountant, no later than 2 (two) months after the date of the semi-annual financial statement; or V.1.1.2.3. the un-audited semi-annual financial statement of the EBA-SP by a Public Accountant, no later than 1 (one) month after the date of the semi-annual financial statement.

V.2.

V.1.2.

Plan for payment of interest and/or periodical principal installment of the EBASP, no later than 2 (two) Exchange Days prior to the date of payment.

V.1.3.

Monthly report of the EBA-SP position as referred to in Article 51 of the Regulations of the Financial Services Authority Number: 23/POJK.04/2014 regarding Guidance for Issuing and Reporting Asset-Backed Securities in the Form of Participatory Notes for Secondary Financing for Housing, no later than the 12th (twelfth) day of the following month.

V.1.4.

Report of annual rating of the EBA-SP no later than 2 (two) Exchange Days after it was received from the rating agency.

Incidental Report V.2.1.

V.2.2.

In the event a General Meeting of EBA-SP holders is held, the Issuer shall be obliged to submit the report to the Exchange with the following provisions: V.2.1.1.

The report on the plan for holding a General Meeting of EBA-SP holders, no later than 2 (two) Exchange Days prior to holding the General Meeting of EBA-SP holders;

V.2.1.2.

The report on the resolutions of the General Meeting of EBA-SP holders, no later than 2 (two) Exchange Days upon the holding the General Meeting of EBA-SP holders;

V.2.1.3.

The report on the adjournment or cancellation of the General Meeting of EBA-SP holders, no later than 2 (two) Exchange Days after the decision on such adjournment or cancellation of the General Meeting of EBA-SP holders accompanied by information on the reasons for such adjournment or cancellation.

In the event of replacement of the Custodian Bank and/or the Trust Agent, the Issuer shall be obliged to submit the report thereof to the Exchange with the following provisions: V.2.2.1.

The report on the Replacement of the Custodian Bank and/or the Trust Agent, no later than 5 (five) Exchange Days after the appointment/designation of such replacement, which at least contains: V.2.2.1.1. reason for the replacement; V.2.2.1.2. the new Custodian Bank and/or the new Trust Agent.

V.2.2.2.

V.2.3.

V.2.4.

VI.

The report related to all obligations of the Trust Agent and/or the Custodian Bank who are replaced, that has not been submitted to the Financial Services Authority related to the submission of report as referred to in the EBA-SP Issuance Agreement and other agreements in the EBA-SP Transaction Document, no later than 10 (ten) Exchange Days after the appointment/designation of the new Trust Agent and/or the new Custodian Bank.

The report related to the EBA-SP Transaction Document shall be as follows: V.2.3.1.

plan of revision to the EBA-SP Transaction Document, no later than 15 (fifteen) Exchange Days prior to such change is made;

V.2.3.2.

change to the terms and conditions of the agreement in the EBA-SP Transaction Document, no later than 2 (two) Exchange Days prior to such change is made;

V.2.3.3.

anything that are contrary to the EBA-SP Transaction Document, no later than 2 (two) Exchange Days since it has been identified.

Other incidental reports in case of any event, Material Information or Fact related to the EBA-SP, no later than 2 (two) Exchange Days since the occurrence of such event, Material Information or Fact.

V.3.

The Issuer shall be obliged to inform the information disclosure as referred to in provisions V.1. and V.2. of this Rule by means of electronic reporting as stipulated by the Exchange.

V.4.

The obligation to submit information disclosure as referred to in provisions V.1. and V.2. of this Rule remains valid although the EBA-SP is being imposed with suspension.

LISTING FEE VI.1.

Annual Listing Fee of the EBA-SP is determined with the following provisions: VI.1.1.

the nominal value of up to Rp200.000.000.000 (two hundred billion rupiahs), the tariff of Annual Listing Fee is 0.025% (zero point zero two five percent) of the nominal value.

VI.1.2.

the nominal value of more than Rp200.000.000.000 (two hundred billion rupiahs) up to Rp400.000.000.000 (four hundred billion rupiahs), the tariff of Annual Listing Fee is 0.024% (zero point zero two four percent) of the nominal value.

VI.1.3.

the nominal value of more than Rp400.000.000.000 (four hundred billion rupiahs) up to Rp600.000.000.000 (six hundred billion rupiahs), the tariff of Annual Listing Fee is 0.023% (zero point zero two three percent) of the nominal value.

VI.1.4.

the nominal value of more than Rp600.000.000.000 (six hundred billion rupiahs) up to Rp1.000.000.000.000 (one trillion rupiahs), the tariff of Annual Listing Fee is 0.022% (zero point zero two two percent) of the nominal value.

VI.1.5.

VII.

the nominal value of more than Rp1.000.000.000.000 (one trillion rupiahs), the tariff of Annual Listing Fee is 0.021 (zero point zero two one percent) of the nominal value.

VI.2.

The Annual Listing Fee as referred to in the provisions VI.1 of this Rule is charged with the provisions of at a minimum of Rp25.000.000 (twenty five million rupiahs) and at a maximum of Rp250.000.000 (two hundred and fifty million rupiahs).

VI.3.

The Listing Fee as referred to in provision VI.1 of this Rule also applies to the EBA-SP issued in a foreign currency based on the nominal value that has been calculated in Indonesian Rupiah currency using the Bank Indonesia middle exchange rate on 1 (one) Exchange Day prior to the date of invoicing.

VI.4.

The payment of the Annual Listing Fee shall be made with the following provisions: VI.4.1.

the Listing Fee in the first year shall be calculated proportionally commencing from the month of Listing until December of the relevant year;

VI.4.2.

the payment of Annual Listing Fee as referred to in the provision VI.4.1. of this Rule shall be received by the Exchange (good fund) no later than 2 (two) Exchange Days prior to the date of Listing, and send the deposit slip to the Exchange;

VI.4.3.

The Listing Fee in the following year shall be paid in advance for a period of 12 (twelve) months commencing from January until December based on the nominal value listed on the Exchange at the time of the issuance of invoice;

VI.4.4.

The Listing Fee in the last year shall be calculated proportionally commencing from January until the maturity month of the relevant year based on the nominal value listed on the Exchange at the time of the issuance of invoice;

VI.4.5.

The payment of Listing Fee as referred to in provisions VI.4.3 and VI.4.4. of this Rule shall be received by the Exchange (good fund) no later than the last Exchange Day in January.

VI.6.

The Annual Listing Fee as referred to in the provision VI.1. of this Rule plus VAT shall be in accordance with the existing taxation provisions.

VI.7.

Delay in payment of the Annual Listing Fee from the time limit as referred to in the provisions VI.4.2. and IV.4.3. of this Rule shall be imposed with a fine amounting to 2% (two percent) per month calculated proportionally according to the number of days of delay on the total outstanding fee.

SANCTION VII.1.

The Issuer issuing the EBA-SP listed on the Exchange who violates the provisions as provided in this Rule will be imposed with sanction by the Exchange in the forms of: VII.1.1.

Written Warning I;

VII.1.2.

Written Warning II;

VII.1.3.

Written Warning III;

VIII.

VII.1.4.

Fine;

VII.1.5.

Suspension of EBA-SP Trading in the Exchange.

VII.2.

The sanction as referred to in the provision VII.1 of this Rule is not the stage of the imposition of sanction, but only as an indication about the type of sanctions as provided in this Rule, and may be imposed individually or jointly with imposition of other sanctions.

VII.3.

In the event the Issuer is fined by the Exchange, then the fine shall be immediately deposited to the account of the Exchange no later than 15 (fifteen) calendar days since the sanction is imposed by the Exchange. If the Issuer does not pay such fine within a period as mentioned above, the Exchange may suspend the EBA-SP.

VII.4.

Prior to imposing any sanction, the Exchange shall conduct an analysis on information and documents submitted by the Issuer and shall make decisions on such matters with due observance of the formal aspect and the substance of the issues.

VII.5.

The Exchange may announce through the mass media regarding the imposition of sanction as referred to in the provision VII.1 of this Rule.

SUSPENSION In addition to the imposition of suspension as a sanction as referred to in the provision VII.1.5. of this Rule, the Exchange may also impose Suspension, if:

IX.

VIII.1.

There is cancellation of the Registration Statement of the EBA-SP by the Financial Services Authority;

VIII.2.

There is occurrence/event/Material Fact that may affect the decision of investor;

VIII.3.

There is an event of default that result in the EBA-SP holders not receiving payment according to a predetermined schedule.

VIII.4.

There is a request from the Issuer or the Trust Agent as approved by the Exchange;

VIII.5.

There is a request from the Financial Services Authority.

DELISTING IX.1.

IX.2.

The Delisting of EBA-SP may be conducted, if: IX.1.1.

The Registration Statement of EBA-SP that has been declared to be effective is cancelled by the Financial Services Authority;

IX.1.2.

The EBA-SP is dissolved and liquidated;

IX.1.3.

The EBA-SP listed on the Exchange has been paid in full;

IX.1.4.

The EBA-SP has been suspended at least for 12 (twelve) months consecutively;

IX.1.5.

The Issuer submit any request for Delisting of EBA-SP.

Procedures for Delisting of EBA-SP:

IX.2.1.

In the event of condition as referred to in the provisions IX.1.1. and IX.1.2. of this Rule, the Delisting of EBA-SP shall be conducted with the following provisions: IX.2.1.1.

The Exchange shall suspend the EBA-SP immediately after it is found out there is cancellation of Registration Statement of the EBA-SP that has been declared effective by the Financial Services Authority or order letter of dissolution and liquidation of the EBASP from the Financial Services Authority;

IX.2.1.2.

The Exchange shall convey a notification letter to the Issuer that the EBA-SP has met the requirements for Delisting of EBA-SP with the carbon copy sent to the Financial Services Authority;

IX.2.1.3.

The Exchange may first hold a hearing with the Issuer;

IX.2.1.4.

The Exchange shall announce the Delisting of EBA-SP no later than 1 (one) Exchange Day prior to effective date of such Delisting of EBA-SP.

IX.2.2.

In case of any condition as referred to in the provision IX.1.3. of this Rule, the Exchange shall announce the Delisting of EBA-SP no later than 1 (one) Exchange Day prior to the effective date of such Delisting of EBA-SP.

IX.2.3.

In case of any condition as referred to in the provision IX.1.4. of this Rule, the Delisting of EBA-SP shall be made under the following provisions:

IX.2.4.

IX.2.3.1.

The Exchange shall convey a notification letter to the Issuer that the EBA-SP has met the requirements for the Delisting of EBA-SP with carbon copy sent to the Financial Services Authority;

IX.2.3.2.

The Exchange may first hold hearing with the Issuer or hear the consideration of the Listing Committee;

IX.2.3.3.

The Exchange shall announce the Delisting of EBA-SP no later than 1 (one) Exchange Day prior to the effective date of such Delisting of EBA-SP;

In case of any condition as referred to in the provision IX.1.5. of this Rule, the Delisting of EBA-SP may be made under the following conditions: IX.2.4.1.

The Issuer may submit application for the Delisting of EBA-SP if the plan for the Delisting of EBA-SP has obtained approval from the General Meeting of EBA-SP holders representing at least 75% (seventy five percent) of the total EBA-SP;

IX.2.4.2.

The Issuer shall submit an application for Delisting of EBA-SP to the Exchange along with the minutes of general meeting of EBASP holders approving the plan for the Delisting of the EBA-SP;

IX.2.4.3.

The Exchange may only approve the application for the Delisting of the EBA-SP if the Issuer has submitted the documents as referred to in the provision IX.2.4.2. of this Rule completely to the Exchange and has settle all obligations to the Exchange;

IX.2.4.4.

The Exchange reserves the right to reject the application for Delisting of the EBA-SP or delay the effective date of the Delisting of the EBA-SP submitted by the Issuer, if the Issuer has not met the required documents nor settled all the obligations to the Exchange.

IX.2.4.5.

In the event that the Exchange approves the application for the Delisting of EBA-SP, the Exchange shall issue a Letter of Approval for the Delisting of EBA-SP and announces thereof at least 1 (one) Exchange Day prior to effective date of the Delisting of EBA-SP.

Enacted in On

: Jakarta : November 30, 2015

The Indonesia Stock Exchange Inc.

Alpino Kianjaya Director

Hamdi Hassyarbaini Director

ATTACHMENT I-R.1

Number : Attachment :

……… ………

…… (date/month/year)….

Director of Listing of The Indonesia Stock Exchange Inc. Indonesia Stock Exchange Building Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190 Attn.: Head of Listing Division

Re: EBA-SP Listing Preliminary Application

Dear Sir/Madam, By this letter we apply for obtaining an EBA-SP Listing preliminary agreement from the Indonesia Stock Exchange Inc. as one of our requirements to submit the Registration Statement to the Financial Services Authority in the framework of EBA-SP Public Offering. Name of Company Name of EBA-SP to be listed

: :

………………………………. ……………………………….

For your consideration, enclosed herewith we submit the documents and the information as attached hereto.

Sincerely yours, (Name of the Issuer)

(..................) President Director

Attachment of Checklist EBA-SP Listing Preliminary Application No. 1.

Name of Document Information about the Issuer, the Custodian Bank, the Original Creditors, the Trust Agent, Service Providers, Underwriter and the Capital Market Supporting Profession (Attachment I-R.2)

Deed of Establishment and Articles of Association of the Issuer

description of business activities, performance and financial position of the Issuer

Brief description of history of the Issuer

Organizational Structure of the Issuer up to the first level officer under the Board of Directors

Shareholders Register including the number and percentage of their shareholding

Signature specimen of officer who is authorized to sign the correspondences delivered to the Exchange

Information related to the EBA-SP to be listed (Attachment I-R.4.).

Latest Audited Annual Financial Statement and Audited Interim Financial Statement.

10.

Rating Report of EBA-SP

11.

Final Draft of Prospectus

12.

Audit Report and Legal Opinion related to the Issuance of the EBA-SP from the Legal Consultant registered with the Financial Services Authority.

13.

Opinion of the Public Accountant related to Accounting Aspect of the Issuance of EBA-SP

14.

Projection of EBA-SP payment in accordance with the age or period of EBA-SP along with assumption used

15.

Final Draft of EBA-SP Transaction Document

16.

A statement letter concerning responsibility for the accuracy of information provided to the Exchange and willingness to comply with the Exchange rules and the applicable laws and regulations in the field of Capital Market

17.

Payment receipt of registration fee

*: put check mark (ď&#x192;&#x2013;) if the document is enclosed in the submission

Status*

ATTACHMENT I-R.2.

INFORMATION ABOUT THE ISSUER, THE ORIGINAL CREDITORS, SERVICE PROVIDERS, UNDERWRITER, THE CAPITAL MARKET SUPPORTING INSTITUTIONS OR PROFESSIONS I.

Information about the Issuer 1.

Name of Company

: ………………………………………………………..

Core Business Line

: ………………………………………………………..

Full Address of Head Office

: ……………………………………………………….. ……………………………………………………….. Telephone : ………………………………………. Facsimile : ………………………………………. E-mail : ………………………………………. Website : ……………………………………….

Tax Identification No. (NPWP)

: ………………………………………………………..

Establishment and Operations of the Company  Date of Incorporation of the Company  Date of Commencement of Operations Activities in the Core Business

Status of the Issuer

: :

: Public Shareholding Status Listed Company Closed Company Government Shareholding Status States-Owned Enterprises Private-Owned Enterprises

Current Shareholders  Name of shareholder  Name of shareholders  Etc.

: ………. Shares (…%) (Foreign/National Shareholders*) : ………. Shares (…%) (Foreign/National Shareholders*)

The Composition of the Board of Directors  President Director

: …………………………

Independent

 Vice President Director

: …………………………

Independent

 Director

: …………………………

Independent

Etc.

Directors who have expertise or experience in the field of securities or have Certificate of Proficiency in the field of investment management 9.

: …………………………

The Composition of the Board of Commissioners  President Commissioner

: …………………………

Independent

 Commissioner

: …………………………

Independent

 Commissioners

: …………………………

Independent

Etc.

II.

10. Employees who have work experience of at least 3 (three) years in the field of Housing Credit analysis

: …………………………

11. Marketing Personnel who have at least a Certificate of Proficiency in the field of Capital Market

: …………………………

12. Contact Person

: ……………………………………………………….. ……………………………………………………….. Telephone : ………………………………………. Facsimile : ………………………………………. E-mail : ……………………………………….

13. Paid Up Capital

: IDR

Information about the Custodian Bank 1.

Name of Company

: ………………………………………………………..

Full Address of Head Office

The Composition of the Board of Directors  President Director

: …………………………

Independent

 Vice President Director

: …………………………

Independent

 Director

: …………………………

Independent

Etc.

The Composition of the Board of Commissioners  President Commissioner

: …………………………

Independent

 Commissioner

: …………………………

Independent

 Commissioners

: …………………………

Independent

Etc. 5.

Contact Person

III. Information about the Initial Original 1.

Name of Company

: ………………………………………………………..

Full Address of Head Office

The Composition of the Board of Directors  President Director

: …………………………

Independent

 Vice President Director

: …………………………

Independent

 Director

: …………………………

Independent

Etc. 4.

The Composition of the Board of Commissioners  President Commissioner

: …………………………

Independent

 Commissioner

: …………………………

Independent

 Commissioners

: …………………………

Independent

Etc. 5.

Contact Person

IV.

Information about the Trust Agent 1.

Name of Company

: ………………………………………………………..

Full Address of Head Office

The Composition of the Board of Directors  President Director

: …………………………

Independent

 Vice President Director

: …………………………

Independent

 Director

: …………………………

Independent

Etc. 4.

The Composition of the Board of Commissioners  President Commissioner

: …………………………

Independent

 Commissioner

: …………………………

Independent

 Commissioners

: …………………………

Independent

Etc. 5.

Contact Person

Information about the Service Providers 1.

Name of Company

: ………………………………………………………..

Full Address of Head Office

The Composition of the Board of Directors  President Director

: …………………………

Independent

 Vice President Director

: …………………………

Independent

 Director

: …………………………

Independent

Etc.

The Composition of the Board of Commissioners  President Commissioner

: …………………………

Independent

 Commissioner

: …………………………

Independent

 Commissioners

: …………………………

Independent

Etc. 5.

Contact Person

VI. Information about the Underwriter and the Capital Market Supporting Institutions or Professions 1.

Underwriter (if any)

: …………………………………………..

The Capital Market Supporting Professions  Legal Consultants  Public Accountants  Public Notary

: : : :

………………………………………….. ………………………………………….. ………………………………………….. …………………………………………..

VII. Information about the Issuer to be submitted

Copy of Deed of Establishment and Articles of Association of the Issuer that have been validated by the competent Authority and all Amendments thereto and the Certificate of Company Registration;

Description of business activities, performance and financial position of the Issuer;

Brief history of the Issuer;

Organizational Structure of the Issuer up to the first level officer under the Board of Directors;

Shareholders Register including the number and the percentage of their shareholding;

List of names and signature specimen of officers who is authorized to sign the correspondences delivered to the Exchange;

Copy of Tax Identification Number (NPWP) of Issuer. Sincerely yours, (Name of the Issuer)

(………..................) President Director * Delete as necessary

ATTACHMENT I-R.3

STATEMENT LETTER

We the undersigned: 1. Name Position 2. Name Position

: : : :

…………………………………………….. …………………………………………….. …………………………………………….. ……………………………………………..

For and on behalf of: Company/Institution Address

: :

Tax Identification Number (NPWP)

…………………………………………….....…. …………………………………………….....…. …………………………………………….....…. …………………………………………….....….

hereby do state that: 1. We have read and understood all prevailing rules and provisions in the Indonesia Stock Exchange. 2. We are willing to comply with the related rules issued by the Indonesia Stock Exchange Inc. and any other laws in the Capital Market Sector and the implementing rules thereof. 3. We are fully responsible for the accuracy of Material Information and/or Fact provided to the Exchange. This statement shall not be amended or revoked except with the approval of the Indonesia Stock Exchange Inc. In witness whereof this statement is duly made to be used as appropriate.

...(date/month/year)... (Name of the Issuer) Stamp duty (................) President Director

ATTACHMENT I-R.4.

INFORMATION ABOUT THE EBA-SP TO BE LISTED I.

General Information 1.

Name of EBA-SP

: ………………………………………………………..

Value of EBA-SP

: ………………………………………………………..

Weighted average of the maturity of EBA-SP

: ………………………………………………………..

Value of underlying asset of the EBA-SP

: ………………………………………………………..

Securities Scheme

: The Issuer purchases the Financial Assets of the Original Creditor using its own funds and sell them to the EBA-SP Holders through the issuance of EBA-SP The Issuer purchases the Financial Assets of the Original Creditor using the funds originating from the issuance of EBA-SP

Insurance over Financial Assets that comprise the EBA-SP portfolio of various risks, such as credit risk (if any)

: ………………………………………………………..

Rating of some or all of the EBA-SP classes (if any)

: ………………………………………………………..

Guarantee from any third party (if any)

: ………………………………………………………..

Credit / Cash Flow Enhancer Facility of EBA-SP (if any)

: ………………………………………………………..

10. Certain cash flows retained and reinvested in the EBA-SP portfolio (if any)

: ………………………………………………………..

11. Additional issuance of EBA-SP that can be owned by the Investors other than the EBA-SP holder which have been previously published (if any)

: ………………………………………………………..

12. The range of Coupon and the Return thereof

: ………………………………………………………..

13. Underwriter

: ……………………………………………………….. ……………………………………………………….. ………………………………………………………..

Type of Underwriting Full Commitment : IDR …………

Best Effort

: IDR …………

14. Schedule of EBA-SP Issuance and Listing Plan  Submission of Registration Statement with the Financial Services Authority  Public Expose  EBA-SP Offering Period  EBA-SP Allotment  Distribution and Listing of EBA-SP on the Exchange  Others, if any II.

: ……………………………………………………….. ……………………………………………………….. ……………………………………………………….. : ……………………………………………………….. ……………………………………………………….. ……………………………………………………….. : ……………………………………………………….. : ……………………………………………………….. : : : :

……………………………………………………….. ……………………………………………………….. ……………………………………………………….. ………………………………………………………..

: ………………………………………………………..

Attachment of Document about EBA-SP to be submitted 1.

Final draft of Public Offering Prospectus

Audit report and legal opinion related to the issuance of the EBA-SP

Opinion of the Public Accountant related to Accounting Aspect of the Issuance of EBA-SP

Projection of EBA-SP payment in accordance with weighted average of the maturity of EBA-SP along with assumption used

Final Draft of EBA-SP Transaction Document Sincerely yours, (Name of the Issuer)

(………..................) President Director

ATTACHMENT I-R.5

EBA-SP LISTING PRELIMINARY AGREEMENT Agreement Number: …………… This Agreement is entered into this day, ......, by the undersigned below:

I. Indonesia Stock Exchange Inc

Domiciled in Jakarta, established under the Deed of Establishment Number 27 dated 4 December 1991 drawn up before Mrs. Poerbaningsih Adi Warsito, S.H., Notary in Jakarta, as amended and supplemented several times, the latest by Deed Number …………………., dated …………………., drawn up before …………………, Notary in Jakarta, in this case is represented by ………………….. in his/her capacity as President Director of The Indonesia Stock Exchange Inc., hereinafter referred to as the FIRST PARTY.

II. PT ……..…………

Domiciled in ………………., established under the Deed of Establishment Number ……………………. That then amended by Deed Number ………………. and has been published in the State Gazette of the Republic of Indonesia Number ……………. Supplement to the State Gazette of the Republic of Indonesia Number …. and lastly changed into Public Company by Deed Number ……. in this matter is represented by ……………………. in his/her capacity as the Director ……………………., hereinafter referred to as the SECOND PARTY..

The FIRST PARTY and the SECOND PARTY, jointly referred to as the Parties, firstly declare as follows: a. that the SECOND PARTY intends to list ............. with the nominal value for a maximum of ...... (.... ...............), on the the Indonesia Stock Exchange (hereinafter shall be referred to as the "EBA-SP"); b. that to comply with the provisions of the Regulations of Financial Services Authority regarding Guidance for Issuing and Reporting Asset-Backed Securities in the Form of Participatory Notes for Secondary Financing for Housing, the Parties agree to make and enter into this Securities Listing Preliminary Agreement (hereinafter shall be referred to as "the Agreement") on the terms and conditions as follows:

ARTICLE 1 EBA-SP Listing on the Indonesia Stock Exchange Inc. The FIRST PARTY shall list the EBA-SP submitted by the SECOND PARTY at the Indonesia Stock Exchange Inc. on the following terms: 1. The application of the SECOND PARTY has been submitted in accordance and in compliance with the prevailing rules; and 2. Pursuant to the consideration and the result of evaluation performed by the FIRST PARTY, it is obtained a valuation that the SECOND PARTY is able to satisfy the requirements of listing referred to in the Securities Listing Rule Number I-R concerning Listing of Asset-Backed Securities in The Form of Participatory Notes for Secondary Financing for Housing, particularly in relation to the Registration Statement submitted to the Financial Services Authority has become effective.

ARTICLE 2 Early Termination This Agreement shall terminate if within the term of this Agreement, the following has occurred: 1. The registration statement submitted to the Financial Services Authority has become ineffective. 2. The listing application of the SECOND PARTY has been approved by the FIRST PARTY and the EBA-SP of the SECOND PARTY has been listed in the list of Securities listed at the Exchange of the FIRST PARTY. 3. There is change in data and/or material information that causes the Prospective Listed Company to be no longer in compliance with the initial listing requirements on the Exchange of the FIRST PARTY as contemplated in the Securities Listing Rule Number I-R concerning Listing of AssetBacked Securities in The Form of Participatory Notes for Secondary Financing for Housing.

ARTICLE 3 Term of Agreement This Agreement will be effective for 6 (six) months as of the date of execution and may be extended for maximum 6 (six) months, subject to approval of the Parties. ARTICLE 4 Closing 1. The Parties agree to waive the provision of Article 1266 of the Civil Code of the Republic of Indonesia to the extent that a court judgment is required for the cancellation or termination of this Agreement. 2. This Agreement shall be made in 2 (two) originals, each having the same contents, on a duly stamped paper, and each shall have the same legal effect after it has been signed by the Parties.

In witness whereof, this Agreement was signed by the Parties through their authorized representatives of the Parties on the day, date and year as set forth in the preamble of this Agreement.

The Parties

THE FIRST PARTY

SECOND PARTY

The Indonesia Stock Exchange Inc.

……………………

……………………….

……………………

President Director

ATTACHMENT I-R.6

Number : Attachment :

……… ………

……..(date/month/year)….

Director of Listing of The Indonesia Stock Exchange Inc. Indonesia Stock Exchange Building Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190 Attn.: Head of Listing Division Re: EBA-SP Listing Application

Dear Sir/Madam, I, the undersigned: Name Position

: :

……………………………………………….….. …………………………………………………..

…………………………………………………..

For and on behalf of: Company/Institution

hereby apply for EBA-SP Listing on .................... on the Indonesia Stock Exchange Inc. Details of EBA-SP to be listed are as follows: No 1. 2.

Name of EBA-SP …………………………………………………. ………………………………………………dst

Listed Nominal Value ………………………………. …………………………dst

For your consideration, enclosed herewith we submit the documents and the information as attached hereto.

Sincerely yours, (Name of the Issuer)

(..................) President Director

Attachment of Checklist EBA-SP Listing Application No. 1

Name of Document 1 (one) copy of proof that the EBA-SP Registration Statement submitted by the Issuer to the Financial Services Authority has become effective;

3 (three) counterparts of Public Offering Prospectus;

1 (one) copy of EBA-SP Transaction Document, and the amendment thereto (if any);

1 (one) copy of contract with KSEI with regard to the Registration of EBA-SP in the collective custody with KSEI;

Report of Result of Allotment and Report of composition of EBA-SP holders according to the Attachment I-R.7 of Rule I-R concerning Listing of Asset-Backed Securities in The Form of Participatory Notes for Secondary Financing for Housing.

*: put check mark (ď&#x192;&#x2013;) if the document is enclosed in the submission

Status*

ATTACHMENT I-R.7

REPORT OF RESULT OF ALLOTMENT AND REPORT OF COMPOSITION OF EBA-SP HOLDERS : ……………………………………. : ……………………………………. : …………………………………….

Name of Company Name of EBA-SP Report Date

1. Results of EBA-SP Subscription in the Public Offering: REMARKS Number of EBA-SP offered in the Public Offering Number of EBA-SP Subscription Number of EBA-SP Subscriber

NUMBER OF EBA-SP

2. Allotment Results:

REMARKS

NUMBER OF EBASP

PERCENTAG E OF TOTAL ISSUE

Foreign individual Indonesian individual Foreign institution Indonesian institution Total EBA-SP in the Public Offering Total EBA-SP Subscription

____________________

__________________

Board of Directors of the Company

Allotment Manager

NUMBER OF INVESTOR

DECISION OF THE BOARD OF DIRECTORS OF THE INDONESIA STOCK EXCHANGE INC.

Number Regarding

: :

Date of Issuance Date of Effective Considering

: : :

Kep-00095/BEI/11-2016 Rule Number I-S concerning Listing of Sharia Asset-Backed Securities in the Form of Participation Certificates November 11, 2016 November 21, 2016 a. that the Financial Services Authority has published the Regulations of the Financial Services Authority Number 20/POJK.04/ 2015 concerning Issuance of and Requirements for Sharia Asset-Backed Securities; b. that in order to encourage the development of sharia investment products in the Capital Market through the issuance of Sharia Asset-Backed Securities in the Form of Participation Certificates and to provide protection to investors, specific arrangements concerning the Listing of Sharia Asset-Backed Securities in the Form of Participation Certificates need to be established; c. that based on the considerations as referred to in paragraphs a and b above, it is considered necessary to establish rules concerning the Listing of Sharia Asset-Backed Securities in the Form of Participation Certificates, in a Decision of the Board of Directors of the Indonesia Stock Exchange.

In view of

1. Law Number 8 of 1995 concerning Capital Market (State Gazette of 1995 Number 64, Supplement to the State Gazette Number 3608); 2. Government Regulation Number 45 of 1995 concerning the Implementation of the Capital Market Activities (State Gazette of 1995 Number 86, Supplement to the State Gazette Number 3617) as amended by Government Regulation Number 12 of 2004 (State Gazette of 2004 Number 27, Supplement to the State Gazette Number 4372); 3. Bapepam Rule Number III-A.2 concerning Procedures for RuleMaking by Securities Exchange (Attachment to the Decision of the Chairman of Capital Market Supervisory Agency Number Kep03/PM/1996 dated January 17, 1996); 4. Regulations of the Financial Services Authority Number: 20/POJK.04/2015 concerning Issuance of and Requirements for Sharia Asset-Backed Securities;

5. Decision of the Deputy Commissioner of Capital Market Supervisor II of the Financial Services Authority, on behalf of the Board of Commissioners of the Financial Services Authority Number: S-148/PM.2/2016 dated November 4, 2016 concerning the Approval of the Draft of Indonesian Stock Exchange Rule Number I-S concerning Listing of Sharia Asset-Backed Securities in the Form of Participation Certificates.

DECIDING: In view of

Rule Number I-S concerning Listing of Sharia Asset-Backed Securities in the Form of Participation Certificates, as set forth in the Attachment of this Decision.

This Decision shall be effective as of the enactment date. Yours sincerely,

Tito Sulistio President Director

Samsul Hidayat Director

Copy sent to: 1. Chief Executive of Capital Market Supervisor, Financial Services Authority 2. Deputy Commissioner of Capital Market Supervisor I, Financial Services Authority 3. Deputy Commissioner of Capital Market Supervisor II, Financial Services Authority 4. Department Head of Capital Market Supervisory 1B, Financial Services Authority 5. Department Head of Capital Market Supervisory 2A, Financial Services Authority 6. Director of Sharia Capital Market, Financial Services Authority 7. Director of Investment Management, Financial Services Authority 8. Director of Securities Transactions Supervision, Financial Services Authority 9. Director of Capital Market Regulation, Financial Services Authority 10. Board of Directors of the Indonesian Clearing and Guarantee Inc. 11. Board of Directors of the Indonesian Central Securities Depository Inc. 12. Board of Commissioners of the Indonesia Stock Exchange Inc.

ATTACHMENT Decision of the Board of Directors of the Indonesia Stock Exchange Inc. Number : Kep-00095/BEI/11-2016 Date of Issuance : November 11, 2016 Date of Effective : November 21, 2016

RULE NUMBER I-S:

LISTING OF SHARIA ASSET-BACKED SECURITIES IN THE FORM OF PARTICIPATION CERTIFICATES

DEFINITION In this Rule, the following terms shall mean: I.1.

Sharia Asset-Backed Securities in the Form of Participation Certificates hereinafter referred to as the Sharia ABS-PC shall mean a Sharia Asset-Backed Securities issued by the Issuer the contract and portfolio of which shall take the form of Accrued Receivables or housing credits which is not contrary to the Sharia principles in the Capital Market and also serves as a proof of proportional ownership jointly owned by a group of the Sharia ABS-PC holders as provided for in the provisions of Article 1 number 3 of the Regulations of the Financial Services Authority Number: 20/POJK.04/2015 concerning Issuance of and Requirements for Sharia Asset-Backed Securities.

I.2.

Issuer shall mean a Party who issues the Sharia ABS-PC.

I.3.

Sharia Supervisory Board shall mean a board who is responsible for providing advices and recommendations as well as supervising the fulfillment of Sharia Principles in the Capital Market over the Party who conducts Sharia Activities in the Capital Market as provided for in Article 1 number 5 of the Regulations of Financial Services Authority Number 20/POJK.04/2015 concerning Issuance of and Requirements for Sharia AssetBacked Securities.

I.4.

Sharia Expert Team shall mean a team who is responsible for the sharia conformance of the sharia products or services in the Capital Market published or issued by the company as provided for in Article 1 number 6 of the Regulations of the Financial Services Authority Number 20/ POJK.04/2015 concerning Issuance of and Requirements for Sharia Asset-Backed Securities.

I.5.

Sharia Principles in the Capital Market shall mean Islamic law principles applied in the Sharia Activities in the Capital Market based on the fatwa of the National Sharia Board of Indonesian Ulema Council, to the extent that the fatwa is not contrary to the Regulations of the Financial Services Authority concerning the Implementation of Sharia Principles in the Capital Market and/or other Regulations of the Financial Services Authority based on the fatwa of the National Sharia Board of Indonesian Ulema Council as provided for in Article 1 number 4 of the Regulations of Financial Services Authority Number 20/POJK.04/2015 concerning Issuance of and Requirements for Sharia AssetBacked Securities.

I.6.

Information or Material Facts on Sharia ABS-PC shall mean important and relevant information or facts concerning events, incidents or facts that can affect the price of Sharia ABS-PC and/or the decision of investors, potential investors or other concerned Parties.

II.

I.7.

Financial Statement of Sharia ABS-PC shall mean financial statement of Sharia ABSPC.

I.8.

Audited Financial Statement shall mean the financial statement that has been audited by Public Accountant registered with the Financial Services Authority.

I.9.

Listing shall mean the listing of Securities in the Securities list registered with the Exchange so that they can be traded on the Exchange.

I.10.

Exchange shall mean The Indonesia Stock Exchange Inc.

I.11.

Exchange Day shall mean a day when Securities trading takes place at the Exchange namely Monday to Friday, except the national holiday or declared as the Exchange holiday by the Exchange.

I.12.

KSEI shall mean the Indonesian Central Securities Depository Inc.

I.13.

GENERAL PROVISIONS II.1.

The Listing application of Sharia ABS-PC shall be submitted by the Issuer.

II.2.

Sharia ABS-PC that can be listed on the Exchange under this Regulation is Sharia ABSPC offered through Public Offering as provided for in the Regulations of Financial Services Authority Number 20/POJK.04/ 2015 concerning Issuance of and Requirements for Sharia Asset-Backed Securities.

II.3.

The Exchange is authorized to approve or reject the Listing application of Sharia ABSPC after reviewing the statements and documents which are submitted by the Issuer or obtained by the Exchange, by considering the formal aspects and the substance of the requirements.

II.4.

In order to review the Listing plan of Sharia ABS-PC, the Exchange may request additional documents, information and/or explanations, either orally or in writing from the Issuer and/or other parties related to the Listing plan of Sharia ABS-PC.

II.5.

In the decision-making process related to the implementation of this Listing rule, the Exchange may request the Listing Committee to provide advice or consideration.

II.6.

The Exchange determines the Listed Company Code and Securities Code for each Sharia ABS-PC Listing.

II.7.

Any or all of the provisions of this Regulation shall not apply to the Issuer and/or the Sharia ABS-PC which are specifically excluded by the Government of the Republic of Indonesia or the Financial Services Authority.

III.

SHARIA ABS-PC LISTING REQUIREMENTS III.1.

The Registration Statement submitted to the Financial Services Authority has become effective;

III.2.

Having an officer acting on behalf of the Issuer as liaison officer or contact person with the Exchange and the public, on the terms as follows:

III.3.

III.2.1.

III.2.2.

The officer must have access to the material and relevant information related to the obligation of the Issuer to provide transparency of information to the public.

Having the Sharia ABS-PC Issuance Agreement containing the provisions as provided for in Articles 2 and 3 of the Regulations of the Financial Services Authority Number: 23/POJK.04/2014 concerning Guidelines on Issuing and Reporting Asset-Backed Securities in the Form of Participation Certificates for the Purpose of Secondary Mortgage Financing and additional provisions at least regarding: III.3.1.

the obligations of the Issuer to provide to the Exchange, all reports, Information and Material Facts, including obligations of reporting from the Custodian Bank and the Trustee to the Financial Services Authority as provided for in the provision V of this Rule;

III.3.2.

general meeting of Sharia ABS-PC holder at least containing any matters as provided for in Articles 38, 39, 40 and 41 of the Regulations of the Financial Services Authority Number: 23/POJK.04/2014 concerning Guidelines on Issuing and Reporting Asset-Backed Securities in the Form of Participation Certificates for the Purpose of Secondary Mortgage Financing.

III.4.

Having Sharia ABS-PC rating result included in the criteria of top 4 (four) rank from the Securities rating company that obtains the business license from the Financial Services Authority;

III.5.

Having a sharia compliance statement within the framework of Sharia ABS-PC issuance as referred to in Article 11 of the Regulations of the Financial Services Authority Number 20/POJK.04/2015 concerning Issuance of and Requirements for Sharia Asset-Backed Securities;

III.6.

Having a contract with KSEI with regard to the registration of Sharia ABS-PC in the collective custody with KSEI;

III.7.

Willing to comply with the Exchange rules, the laws and regulations in the field of Capital Market and Sharia Principles in the Capital Market;

III.8.

Paying the registration fee of IDR 15,000,000.- (fifteen million rupiahs).

IV.

SHARIA ABS-PC LISTING PROCEDURE IV.1.

In order to list the Sharia ABS-PC in the Exchange, the Issuer must submit 2 (two) applications to the Exchange, namely: IV.1.1.

an application for preliminary Sharia ABS-PC Listing; and

IV.1.2.

an application for Sharia ABS-PC Listing.

IV.2.

The Issuer shall submit the application for preliminary Sharia ABS-PC Listing as referred to in provision IV.1.1. of this Rule to the Exchange by using the forms which form and substance shall be in accordance with Attachment I-S.1. of this Rule.

IV.3.

The application for preliminary Sharia ABS-PC Listing as referred to in provision IV.2. of this Rule shall enclose the following documents and information: IV.3.1.

IV.3.2.

documents about the Issuer, at least comprises: IV.3.2.1.

copy of deed of establishment and Articles of Association of the Issuer that have been validated by the competent authority and all amendments thereto;

IV.3.2.2.

copy of valid Certificate of Company Registration;

IV.3.2.3.

description of business activities, performance and financial position of the Issuer;

IV.3.2.4.

brief history of the Issuer;

IV.3.2.5.

organizational Structure of the Issuer up to the first level officer under the Board of Directors;

IV.3.2.6.

shareholders register including the number and percentage of their shareholding;

IV.3.2.7.

signature specimen of officer who is authorized to sign the correspondences delivered to the Exchange;

IV.3.2.8.

copy of Tax Identification Number (NPWP) of the Issuer.

IV.3.3.

a letter of appointment of liaison officer or contact person with the Exchange and the public;

IV.3.4.

a statement letter concerning responsibility for the accuracy of information provided to the Exchange and willingness to comply with the Exchange rules, the laws and regulations and Sharia Principles in the field of Capital Market signed by the Board of Directors of the Issuer which form and substance shall be in accordance with Attachment I-S.3. of this Rule;

IV.3.5.

the latest Audited Financial Statement of the Issuer;

IV.3.6.

information related to the Sharia ABS-PC to be listed by completing a form which form and substance shall be in accordance with Attachment I-S.4 of this Rule;

IV.3.7.

documents related to the Sharia ABS-PC to be listed, at least comprises:

IV.3.8.

IV.3.7.1.

final draft of Public Offering prospectus;

IV.3.7.2.

information related to legal aspect for the Issuance of Sharia ABSPC from the Legal Consultant registered with the Financial Services Authority, regarding: IV.3.7.2.1.

scope of audit;

IV.3.7.2.2.

the most recent development of audit report in terms of legal aspect that has been conducted by the Legal Consultant;

IV.3.7.2.3.

further audit to be conducted by the Legal Consultant;

IV.3.7.2.4.

significant findings to be followed up by the related party (if any).

IV.3.7.3.

preliminary projection of Sharia ABS-PC payment in accordance with weighted average of the maturity of Sharia ABS-PC along with assumption used;

IV.3.7.4.

final draft of Sharia ABS-PC Transaction Documents as referred to in Article 1 Number 15 of the Regulations of the Financial Services Authority Number 23/POJK.04/2014 concerning Guidelines on Issuing and Reporting Asset-Backed Securities in the Form of Participation Certificates for the Purpose of Secondary Mortgage Financing;

IV.3.7.5.

preliminary rating report of Sharia ABS-PC.

payment receipt of registration fee.

IV.4.

IV.5.

The Exchange may request the Issuer to make presentation concerning the Issuer and plan for Sharia ABS-PC Listing to the Exchange.

IV.6.

In accordance with an evaluation and an appraisal of the Exchange, the Exchange shall give a rejection or a principal approval on the application for preliminary Sharia ABSPC Listing no later than 10 (ten) Exchange Days as of the Exchange receives the complete documents and/or information.

IV.7.

In the event that the application for preliminary Sharia ABS-PC Listing is principally approved by the Exchange, then the Issuer and the Exchange shall execute a Preliminary Agreement on Sharia ABS-PC Listing, which form and substance shall be in accordance to Attachment I-S.5. of this Rule, provided as follows: IV.7.1.

IV.8.

IV.9.

the Preliminary Agreement on the Sharia ABS-PC Listing shall be effective at the longest six (6) months as of the execution of such agreement and may be extended upon mutual agreement of the Parties under the following provisions: IV.7.1.1.

the Preliminary Agreement on the Sharia ABS-PC Listing may be extended for 1 (one) time;

IV.7.1.2.

the term of extension of the Preliminary Agreement on the Sharia ABS-PC Listing shall be for a maximum of 6 (six) months as of the execution of the extension of such Preliminary Agreement on the Sharia ABS-PC Listing.

IV.7.2.

the Preliminary Agreement on the Sharia ABS-PC Listing shall terminate upon the expiry of its term as referred to in the provision IV.7.1. of this Rule;

IV.7.3.

The Preliminary Agreement on the Sharia ABS-PC Listing shall terminate earlier than the term as referred to in provision IV.7.1. of this Rule, if: IV.7.3.1.

application for Sharia ABS-PC Listing has been approved by the Exchange; and

IV.7.3.2.

there is a material change in data and/or information causing the Issuer and/or Sharia ABS-PC no longer fulfills the requirements for Listing or the matters which are the base of the execution of the agreement.

After the Issuer has executed the Preliminary Agreement on the Sharia ABS-PC Listing as referred to in provision IV.7. of the Rule and before the effective statement is obtained from the Financial Services Authority, the Issuer shall be obliged to submit: IV.8.1.

final rating of the Sharia ABS-PC;

IV.8.2.

final projection of the Sharia ABS-PC payment in accordance with the weighted average of the maturity of Sharia ABS-PC along with assumption used;

IV.8.3.

audit report and legal opinion related to the issuance of the Sharia ABS-PC;

IV.8.4.

change in and/or addition to the documents that have been submitted previously no later than 2 (two) Exchange Days as from such change and/or addition (if any).

In the event that the Sharia ABS-PC Registration Statement submitted by the Issuer to the Financial Services Authority becomes effective, then the Issuer that will conduct Public Offering must submit a Listing application as referred to in the provision IV.1.2. of this Rule to the Exchange in the form and substance as set out in the Attachment I-S.6. to this Rule no later than 2 (two) Exchange Days after the Registration Statement is submitted to the Financial Services Authority has become effective.

IV.10. The Listing application as referred to in the provision IV.9 of this Rule must be accompanied by the documents at least as follows: IV.10.1. copy of notification letter from the Financial Services Authority to the Issuer stating the Sharia ABS-PC Registration Statement is declared to be effective; IV.10.2. Public Offering prospectus at least 3 (three) counterparts; IV.10.3. copy of Sharia ABS-PC Transaction Documents along with the change thereto (if any); IV.10.4. copy of contract with KSEI concerning registration of Sharia ABS-PC in collective custody with KSEI; IV.10.5. Report of Result of Allotment and Report of Composition of Sharia ABS-PC holders by using the forms which form and substance shall be in accordance with Attachment I-S.7. to this Rule. This report shall be submitted no later than 1 (one) Exchange Day before the planned Listing date; IV.11. A Listing approval will be granted by the Exchange no later than 5 (five) Exchange Days after the Exchange receives the complete documents as referred to in the provisions IV.9. and IV.10. of this Rule in the form of hardcopy and softcopy. IV.12. The Exchange shall announce the Listing and the trade of the Sharia ABS-PC no later than 1 (one) Exchange Day prior to the commencement of such trading. IV.13. The Issuer that has issued Sharia ABS-PC listed on the Exchange or the Issuer that constitute a Listed Company, the documents as referred to in the provisions IV.3.1., IV.3.2., and IV.3.4. of this Rule shall only be required to be reported in case of any change in the document previously submitted to the Exchange.

REPORTING OBLIGATION The Issuer shall be obliged to report the disclosure of information under the following provisions: V.1.

Periodical Report: V.1.1.

Financial Statement of the Sharia ABS-PC with the following provisions: V.1.1.1.

audited annual financial statement of the Sharia ABS-PC, no later than at the end of the 3rd (third) month after the date of the annual financial statement;

V.1.1.2.

semiannual financial statement of Sharia ABS-PC as follows: V.1.1.2.1.

the audited semiannual financial statement of the Sharia ABS-PC by a Public Accountant, no later than 3 (three) months after the date of the semiannual financial statement;

V.1.1.2.2.

the limited reviewed semiannual financial statement of the Sharia ABS-PC by a Public Accountant, no later than 2 (two) months after the date of the

semiannual financial statement; or V.1.1.2.3.

V.2.

the unaudited semiannual financial statement of the Sharia ABS-PC by a Public Accountant, no later than 1 (one) month after the date of the semiannual financial statement.

V.1.2.

Plan for schedule & amount of ratio of revenue sharing payment, margin or periodical rewards of the Sharia ABS-PC, no later than 2 (two) Exchange Days prior to the date of payment.

V.1.3.

Monthly report of the Sharia ABS-PC position containing information as referred to in Article 51 of the Regulations of the Financial Services Authority Number 23/POJK.04/ 2014 concerning Guidelines on Issuing and Reporting Asset-Backed Securities in the Form of Participation Certificates for the Purpose of Secondary Mortgage Financing, no later than the 12th (twelfth) day of the following month.

V.1.4.

Report of annual rating of the Sharia ABS-PC no later than 2 (two) Exchange Days since received from the rating agency.

Incidental Report V.2.1.

V.2.2.

In the event a general meeting of Sharia ABS-PC holders is held, the Issuer shall be obliged to submit the report to the Exchange with the following provisions: V.2.1.1.

The report on the plan for conducting a general meeting of Sharia ABS-PC holders, no later than 2 (two) Exchange Days prior to conducting the general meeting of Sharia ABS-PC holders;

V.2.1.2.

The report on the resolutions of the general meeting of Sharia ABS-PC holders, no later than 2 (two) Exchange Days upon conducting the general meeting of Sharia ABS-PC holders;

V.2.1.3.

The report on the adjournment or cancellation of a general meeting of Sharia ABS-PC holders, no later than 2 (two) Exchange Days after the decision on such adjournment or cancellation of the general meeting of Sharia ABS-PC holders accompanied by information on the reasons for such adjournment or cancellation.

In the event of replacement of the Custodian Bank and/or the Trustee, the Issuer shall be obliged to submit the report thereof to the Exchange with the following provisions: V.2.2.1.

The report on the Replacement of the Custodian Bank and/or the Trustee, no later than 5 (five) Exchange Days after the appointment/designation of such replacement, which at least contains: V.2.2.1.1.

reason for the replacement;

V.2.2.1.2.

the new Custodian Bank and/or the new Trustee.

V.2.2.2.

V.2.3.

V.2.4.

The report related to all obligations of the Trustee and/ or the Custodian Bank who are replaced, that has not been submitted to the Financial Services Authority related to the submission of report as referred to in the Sharia ABS-PC Issuance Agreement and other agreements in the Sharia ABS-PC Transaction Document, no later than 10 (ten) Exchange Days after the appointment/ designation of the new Trustee and/or the new Custodian Bank.

The report related to the Sharia ABS-PC Transaction Document shall be as follows: V.2.3.1.

plan for revision to the Sharia ABS-PC Transaction Document, no later than 15 (fifteen) Exchange Days prior to such change is made;

V.2.3.2.

change to the terms and conditions of the agreement in the Sharia ABS-PC Transaction Document, no later than 2 (two) Exchange Days prior to such change is made;

V.2.3.3.

anything that are contrary to the Sharia ABS-PC Transaction Document, no later than 2 (two) Exchange Days since it has been identified.

In the event of change to: V.2.4.1.

The Sharia Supervisory Board and/or a director of the Issuer or the person responsible for the activities as mandated by the Board of Directors who has adequate knowledge and/or experience in the field of Islamic finance who is responsible for the compliance to the Sharia Principles in the Capital Market of the Sharia ABS-PC issued by the Issuer; and/or

V.2.4.2.

The Sharia Supervisory Board of the Trustee and the Custodian Bank of Sharia ABS-PC and/or the Officer responsible for the implementation of activities of the Trustee and the Custodian Bank of the Sharia ABS-PC who understands the activities that contravene with the Sharia Principles in the Capital Market,

the Issuer shall submit a report to the Exchange no later than 2 (two) Exchange Days since the occurrence of the change. V.2.5.

V.3.

Other incidental reports in case of any event, Information or Material Facts related to the Sharia ABS-PC, including in case of any information with respect to the condition that cause the Sharia ABS-PC to be no longer in compliance with the Sharia Principles in the Capital Market, no later than 2 (two) Exchange Days since the occurrence of such event, Information or Material Facts.

The Issuer shall be obliged to inform the information disclosure as referred to in provisions V.1. and V.2. of this Rule by means of electronic reporting as stipulated by the Exchange.

V.4.

VI.

The obligation to submit information disclosure as referred to in provisions V.1. and V.2. of this Rule remains valid although the Sharia ABS-PC is being imposed with suspension.

LISTING FEE VI.1.

Annual Listing Fee of the Sharia ABS-PC is determined with the following provisions: VI.1.1.

the nominal value of up to Rp 200,000,000,000 (two hundred billion rupiahs), the tariff of annual Listing Fee is 0.020% (zero point zero two zero percent) of the nominal value.

VI.1.2.

the nominal value of more than Rp 200,000,000,000 (two hundred billion rupiahs) up to Rp 400,000,000,000 (four hundred billion rupiahs), the tariff of Annual Listing Fee is 0.019% (zero point zero one nine percent) of the nominal value.

VI.1.3.

the nominal value of more than Rp 400,000,000,000 (four hundred billion rupiahs) up to Rp 600,000,000,000 (six hundred billion rupiahs), the tariff of Annual Listing Fee is 0.018% (zero point zero one eight percent) of the nominal value.

VI.1.4.

the nominal value of more than Rp 600,000,000,000 (six hundred billion rupiahs) up to Rp 1,000,000,000,000 (one trillion rupiahs), the tariff of Annual Listing Fee is 0.017% (zero point zero one seven percent) of the nominal value.

VI.1.5.

the nominal value of more than Rp 1,000,000,000,000 (one trillion rupiahs), the tariff of Annual Listing Fee is 0.016 (zero point zero one six percent) of the nominal value.

VI.2.

The Annual Listing Fee as referred to in the provisions VI.1 of this Rule is charged with the provisions of at a minimum of Rp 25,000,000 (twenty-five million rupiahs) and at a maximum of Rp 250,000,000 (two hundred and fifty million rupiahs).

VI.3.

The Listing Fee as referred to in provision VI.1 of this Rule also applies to the Sharia ABS-PC issued in a foreign currency based on the nominal value that has been calculated in Indonesian Rupiah currency using the Bank Indonesia middle exchange rate on 1 (one) Exchange Day prior to the date of invoicing.

VI.4.

The payment of the Annual Listing Fee shall be made with the following provisions: VI.4.1.

the Listing Fee in the first year shall be calculated proportionally commencing from the month of Listing until December of the relevant year;

VI.4.2.

VI.4.3.

VI.4.4.

VI.4.5.

The payment of Listing Fee as referred to in provisions VI.4.3 and VI.4.4. of this Rule shall be received by the Exchange (good fund) no later than the last Exchange Day in January.

VI.5.

The nominal value used as the basis for calculating the Listing Fee charged by the Exchange is the nominal value of the Sharia ABS-PC at the time of billing date.

VI.6.

The Annual Listing Fee as referred to in the provision VI.1. of this Rule plus VAT shall be in accordance with the existing taxation provisions.

VI.7.

VII. SANCTION VII.1. The Issuer issuing the Sharia ABS-PC listed on the Exchange who violates the provisions as provided in this Rule will be imposed with sanction by the Exchange in the forms of: VII.1.1. Written Warning I; VII.1.2. Written Warning II; VII.1.3. Written Warning III; VII.1.4. Fine; VII.1.5. Suspension of Sharia ABS-PC Trading in the Exchange. VII.2. The sanction as referred to in the provision VII.1 of this Rule is not the stage of the imposition of sanction, but only as an indication about the type of sanctions as provided for in this Rule, and may be imposed individually or jointly with imposition of other sanctions. VII.3. In the event the Issuer is fined by the Exchange, then the fine shall be immediately deposited to the account of the Exchange no later than 15 (fifteen) calendar days since the sanction is imposed by the Exchange. If the Issuer does not pay such fine within a period as mentioned above, the Exchange may suspend the Sharia ABS-PC. VII.4. Prior to imposing any sanction, the Exchange shall conduct an analysis of information and documents submitted by the Issuer and shall make decisions on such matters with due observance of the formal aspect and the substance of the issues. VII.5. The Exchange may announce through the mass media regarding the imposition of sanction as referred to in the provision VII.1 of this Rule.

VIII. SUSPENSION In addition to the imposition of suspension as a sanction as referred to in the provision VII.1.5. of this Rule, the Exchange may also impose Suspension, if: VIII.1. There is cancellation of the Registration Statement of the Sharia ABS-PC by the Financial Services Authority; VIII.2. There is incidents/events/Material Facts that may affect the decision of investor; VIII.3. There is an event of default that result in the Sharia ABS-PC holders not receiving payment according to a predetermined schedule. VIII.4. There is a request from the Issuer or the Trustee as approved by the Exchange; VIII.5. There is a request from the Financial Services Authority. VIII.6. The Sharia ABS-PC does not comply with the provisions of the Sharia Principles in the Capital Market as provided for in the Regulations of the Financial Services Authority Number 15/POJK.04/2015 concerning the Implementation of the Sharia Principles in the Capital Market, Regulations of the Financial Services Authority Number 20/POJK.04/2015 concerning Issuance of and Requirements for Sharia Asset-Backed Securities and the laws and regulations in the field of Capital Market.

IX.

DELISTING IX.1.

IX.2.

The Delisting of Sharia ABS-PC may be conducted, if: IX.1.1.

The Registration Statement of Sharia ABS-PC that has been declared to be effective is cancelled by the Financial Services Authority;

IX.1.2.

The Sharia ABS-PC is dissolved and liquidated;

IX.1.3.

The Sharia ABS-PC listed on the Exchange has been paid in full;

IX.1.4.

The Sharia ABS-PC has been suspended at least for 12 (twelve) months consecutively;

IX.1.5.

The Issuer submit any request for Delisting of Sharia ABS-PC.

Procedures for Delisting of Sharia ABS-PC: IX.2.1.

In the event of condition as referred to in the provisions IX.1.1. and IX.1.2. of this Rule, the Delisting of Sharia ABS-PC shall be conducted with the following provisions: IX.2.1.1.

The Exchange shall suspend the Sharia ABS-PC immediately after it is found out that there is cancellation of Registration Statement of the Sharia ABS-PC that has been declared effective by the Financial Services Authority or order letter of dissolution and liquidation of the Sharia ABS-PC from the Financial Services Authority;

IX.2.1.2.

The Exchange shall convey a notification letter to the Issuer that the Sharia ABS-PC has met the requirements for Delisting of Sharia ABS-PC with the carbon copy sent to the Financial Services Authority;

IX.2.1.3.

The Exchange may first hold a hearing with the Issuer;

IX.2.1.4.

The Exchange shall announce the Delisting of Sharia ABS-PC no later than 1 (one) Exchange Day prior to effective date of such Delisting of Sharia ABS-PC.

IX.2.2.

In case of any condition as referred to in the provision IX.1.3. of this Rule, the Exchange shall announce the Delisting of Sharia ABS-PC no later than 1 (one) Exchange Day prior to the effective date of such Delisting of Sharia ABS-PC.

IX.2.3.

In case of any condition as referred to in the provision IX.1.4. of this Rule, the Delisting of Sharia ABS-PC shall be made under the following provisions:

IX.2.4.

IX.2.3.1.

The Exchange shall convey a notification letter to the Issuer that the Sharia ABS-PC has met the requirements for the Delisting of Sharia ABS-PC with carbon copy sent to the Financial Services Authority;

IX.2.3.2.

The Exchange may first hold hearing with the Issuer or hear the consideration of the Listing Committee;

IX.2.3.3.

The Exchange shall announce the Delisting of Sharia ABS-PC no later than 1 (one) Exchange Day prior to the effective date of such Delisting of Sharia ABS-PC;

In case of any condition as referred to in the provision IX.1.5. of this Rule, the Delisting of Sharia ABS-PC may be made under the following conditions: IX.2.4.1.

The Issuer may submit application for the Delisting of Sharia ABS-PC if the plan for the Delisting of Sharia ABS-PC has obtained approval from the general meeting of Sharia ABS-PC holders representing at least 75% (seventy five percent) of the total Sharia ABS-PC;

IX.2.4.2.

The Issuer shall submit an application for Delisting of Sharia ABS-PC to the Exchange along with the minutes of general meeting of Sharia ABS-PC holders approving the plan for the Delisting of the Sharia ABS-PC;

IX.2.4.3.

The Exchange may only approve the application for the Delisting of the Sharia ABS-PC if the Issuer has submitted the documents as referred to in the provision IX.2.4.2. of this Rule completely to the Exchange and has settle all obligations to the Exchange;

IX.2.4.4.

The Exchange reserves the right to reject the application for Delisting of the Sharia ABS-PC or delay the effective date of the Delisting of the Sharia ABS-PC submitted by the Issuer, if the Issuer has not met the required documents nor settled all the obligations to the Exchange.

IX.2.4.5.

In the event that the Exchange approves the application for the Delisting of Sharia ABS-PC, the Exchange shall issue a Letter of Approval for the Delisting of Sharia ABS-PC and announces thereof at least 1 (one) Exchange Day prior to effective date of the Delisting of Sharia ABS-PC.

Enacted in : Jakarta On : November 11, 2016 The Indonesia Stock Exchange Inc.

Tito Sulistio President Director

Samsul Hidayat Director

ATTACHMENT I-S.1

Number : ..... Attachment: .....

...(date/month/year)...

Director of Listing of The Indonesia Stock Exchange Inc. Indonesia Stock Exchange Building Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190 Attn.: Head of Listing Division Re: Sharia ABS-PC Listing Preliminary Application

Dear Sir/Madam, By this letter, we apply for obtaining an Sharia ABS-PC Listing preliminary agreement from the Indonesia Stock Exchange Inc. as one of our requirements to submit the Registration Statement to the Financial Services Authority in the framework of Sharia ABS-PC Public Offering. Name of Company

: ........................

Name of Sharia ABS-PC to be listed : ........................ For your consideration, enclosed we submit the documents and the information regarding the company and the plan of Sharia ABS-PC Listing as attached hereto.

Sincerely yours, (Name of the Issuer)

(..................) President Director

Attachment Checklist of Sharia ABS-PC Listing Preliminary Application No.

Name of Document

Information about the Issuer, the Custodian Bank, the Original Creditors, the Trustee, Service Providers, Underwriter and the Capital Market Supporting Profession (Attachment I-S.2)

Deed of Establishment and Articles of Association of the Issuer

Copy of valid Certificate of Company Registration

Description of business activities, performance and financial position of the Issuer

Brief description of history of the Issuer

Organizational Structure of the Issuer up to the first level officer under the Board of Directors

Shareholders Register including the number and percentage of their shareholding

Signature specimen of officer who is authorized to sign the correspondences delivered to the Exchange

Copy of Tax Identification Number (NPWP) of the Issuer

10.

Copy of letter of appointment of liaison officer or contact person with the Exchange and the public

11.

A statement letter concerning responsibility for the accuracy of information provided to the Exchange and willingness to comply with the Exchange rules, the laws and regulations, and the Sharia Principles in the Capital Market

12.

Latest Audited Financial Statement of the Issuer

13.

Information related to the Sharia ABS-PC to be listed (Attachment I-S.4.).

14.

Final Draft of Prospectus

15.

Information related to legal aspect for the Issuance of the Sharia ABS-PC from the Legal Consultant registered with the Financial Services Authority

16.

Preliminary projection of Sharia ABS-PC payment in accordance with the weighted average of the maturity of Sharia ABS-PC along with assumption used

17.

Final Draft of Sharia ABS-PC Transaction Document

18.

Preliminary Rating Report of Sharia ABS-PC

Status*

19.

Opinion of the Public Accountant related to Accounting Aspect of the Issuance of Sharia ABS-PC

20.

Payment receipt of registration fee

*: put check mark ( ) if the document is enclosed in the submission

ATTACHMENT I-S.2.

INFORMATION ABOUT THE ISSUER, THE ORIGINAL CREDITORS, SERVICE PROVIDERS, UNDERWRITER, THE CAPITAL MARKET SUPPORTING INSTITUTIONS OR PROFESSIONS

Information about the Issuer 1. Name of Company

……………………………..……..

2. Core Business Line

…………………………………....

3. Full Address of Head Office

………………………………..….. ………………………………..….. Telephone : ………………...........…… Facsimile : ………………...........…… E-mail : ……………….......……… Website : …………........……………

4. Tax Identification No. (NPWP)

……………………………………..

5. Establishment and Operations of the Company • Date of Incorporation of the Company • Date of Commencement of Operations Activities in the Core Business 6. Status of the Issuer

: :

…………...........…………………… ………………………...........………

Public Shareholding Status Listed Company Closed Company Government Shareholding Status States-Owned Enterprises Private-Owned Enterprises

7. Current Shareholders • Name of shareholder • Name of shareholders • Etc.

: :

………. Shares (…%) (Foreign/National*) ………. Shares (…%) (Foreign/National*)

8. The Composition of the Board of Directors •

President Director

………………

Independent

•

Vice President Director

………………

Independent

•

Director

……………… Independent Etc. …………………………

Directors who have expertise or : experience in the field of securities or have a Certificate of Proficiency

in the field of investment management 9. The Composition of the Board of Commissioners

II.

•

President Commissioner

………………

Independent

•

Commissioner

………………

Independent

•

Commissioners

……………… Etc.

Independent

10. Employee who has work experience of at least 3 (three) years in the field of Housing Credit analysis

…………………

11. Marketing Personnel who has at least a Certificate of Proficiency in the field of Capital Market

…………………

12. - Sharia Supervisory Board - Director of the Issuer; or - The person responsible for the activities mandated by the Board of Directors who has adequate knowledge and/or experience in the field of Islamic finance; *) who is responsible for the compliance to the Sharia Principles in the Capital Market of the Sharia ABS-PC issued by the Issuer

…………………

13. Contact Person

14. Paid Up Capital

….………………………..………... Telephone : ………………….……. Facsimile : .……………………….. E-mail : …………………………… IDR

Information about the Custodian Bank 1. Name of Company

………………………………………..

2. Full Address of Head Office

……………………………………….. Telephone : …………………….……. Facsimile : ……………………..……. E-mail : …………………….......……. Website : …………………….....…….

3. The Composition of the Board of Directors •

President Director

………………

Independent

•

Vice President Director

………………

Independent

•

Director

……………… Etc.

Independent

4. The Composition of the Board of Commissioners •

President Commissioner

………………

Independent

•

Commissioner

………………

Independent

•

Commissioner

……………… Etc.

5. - Sharia Supervisory Board; or : - The officer responsible for the implementation of the Custodian Bank activities who understands the activities that are contrary to the Sharia Principles in the Capital Market *) 6. Contact Person

III.

Independent

…………………

…………………………………….. Telephone : ………………….……. Facsimile : ……………….….……. E-mail : ………………….......…….

Information about the Original Creditor 1. Name of Company

……………………………………..

2. Full Address of Head Office

…………………………………….. …………………………………….. Telephone : ……………….………. Facsimile : ………………..………. E-mail : ………………......….……. Website : ……………….....……….

3. The Composition of the Board of Directors •

President Director

………………

Independent

•

Vice President Director

………………

Independent

•

Director

……………… Etc.

Independent

4. The Composition of the Board of Commissioners •

President Commissioner

………………

Independent

•

Commissioner

………………

Independent

•

Commissioner

……………… Etc.

Independent

5. Contact Person

IV.

…………………………………….. Telephone : ………………….……. Facsimile : …………………..……. E-mail : ………………….......…….

1. Name of Company

………………………………………..

2. Full Address of Head Office

……………………………………….. Telephone : ……………….…………. Facsimile : …………………..………. E-mail : …………………….......…….

Information about the Trustee

Website : …………………………. 3. The Composition of the Board of Directors •

President Director

………………

Independent

•

Vice President Director

………………

Independent

•

Director

………………

Independent

Etc. 4. The Composition of the Board of Commissioners •

President Commissioner

………………

Independent

•

Commissioner

………………

Independent

•

Commissioner

………………

Independent

Etc.

5. - Sharia Supervisory Board; or : - The officer responsible for the implementation of activities of the Trustee who understands the activities that contravene with the Sharia Principles in the Capital Market *)

…………………

6. Contact Person

…………………………………….. Telephone : ……………….………. Facsimile : ………………..………. E-mail : ………………….......…….

Information about the Service Providers 1. Name of Company

……………………………………..

2. Full Address of Head Office

…………………………………….. …………………………………….. Telephone : ………………….……. Facsimile : ……………………..…. E-mail : ………………….......……. Website : …………….....………….

3. The Composition of the Board of Directors •

President Director

………………

Independent

•

Vice President Director

………………

Independent

•

Director

………………

Independent

Etc. 4. The Composition of the Board of Commissioners •

President Commissioner

………………

Independent

•

Commissioner

………………

Independent

•

Commissioner

………………

Independent

Etc.

5. Contact Person

VI.

…………………………………….. Telephone : …………….…………. Facsimile : ………………..………. E-mail : ………………….......…….

Information about the Underwriter and the Capital Market Supporting Institutions or Professions 1. Underwriter (if any)

………………………………….. ………………………………….. …………………………………..

2. The Capital Market Supporting Professions • Legal Consultants : ………………………………….. • Public Accountants : ………………………………….. • Public Notary : ………………………………….. VII. Information about the Sharia Expert Team (if any) 1. Sharia Expert Team (if any)

………………………………….. ………………………………….. …………………………………..

VIII. Attachment of Document about Issuer to be submitted: 1. Copy of Deed of Establishment and Articles of Association of the Issuer that have been validated by the competent Authority and all Amendments thereto and the Certificate of Company Registration; 2. Description of business activities, performance and financial position of the Issuer; 3. Brief history of the Issuer; 4. Organizational Structure of the Issuer up to the first level officer under the Board of Directors; 5. Shareholders Register including the number and percentage of their shareholding; 6. List of names and signature specimen of officers who is authorized to sign the correspondences delivered to the Exchange; 7. Copy of Tax Identification Number (NPWP) of Issuer.

Sincerely yours, (Name of the Issuer)

(………..................) President Director * Delete as necessary

ATTACHMENT I-S.3

STATEMENT LETTER

We, the undersigned: 1. 2.

Name Position Name Position

: : : :

........................... ........................... ........................... ...........................

Company/Institution Address

: :

........................... ........................... ...........................

Tax Identification Number (NPWP)

...........................

For and on behalf of:

hereby do state that: 1.

We have read and understood all prevailing rules and provisions in the Indonesia Stock Exchange.

We are willing to comply with the related rules issued by the Indonesia Stock Exchange Inc., any other laws and regulations in the field of Capital Market along with the implementing rules and the Sharia Principles in the Capital Market.

We are fully responsible for the accuracy of Information or Material Facts provided to the Exchange.

This statement shall not be amended or revoked except with the approval of the Indonesia Stock Exchange Inc. In witness whereof this statement is duly made to be used as appropriate.

...(date/month/year)... (Name of the Issuer) Stamp duty (................) President Director

ATTACHMENT I-S.4.

INFORMATION ABOUT THE SHARIA ABS-PC TO BE LISTED

General Information 1. Name of Sharia ABS-PC

………………………………………..

2. Value of Sharia ABS-PC

………………………………………..

3. Weighted average of the maturity of Sharia ABS-PC

………………………………………..

4. Value of underlying assets of the Sharia ABS-PC

………………………………………..

5. Securities Scheme

: The Issuer purchases the Financial Assets of the Original Creditor using its own funds and sell them to the Sharia ABS-PC Holders through the issuance of Sharia ABS-PC The Issuer purchases the Financial Assets of the Original Creditor using the funds originating from the issuance of Sharia ABS-PC

6. Insurance over Financial Assets that comprise the Sharia ABS-PC portfolio of various risks, such as credit risk (if any) : ……………………………………….. 7. Rating of some or all of the Sharia ABS-PC classes (if any)

………………………………………..

8. Guarantee from any third party (if any)

………………………………………..

9. Credit / Cash Flow Enhancer Facility of Sharia ABS-PC (if any) :

………………………………………..

10. Certain cash flows retained and reinvested in the Sharia ABS-PC portfolio (if any) : ……………………………………….. 11. Additional issuance of Sharia ABS-PC that can be owned by the Investors other than the Sharia ABS-PC holder which have been previously published (if any) : ……………………………………….. 12. The range of Coupon and the Return thereof :

………………………………………..

13. Underwriter

Type of Underwriting Full Commitment : IDR …

Best Effort

: IDR …

……………………………………….. ……………………………………….. ………………………………………..

……………………………………….. ……………………………………….. ……………………………………….. ……………………………………….. ……………………………………….. ………………………………………..

14. Schedule of Sharia ABS-PC Issuance and Listing Plan : ……………………………………….. • Submission of Registration Statement with the Financial Services Authority : ……………………………………….. • Public Expose : ……………………………………….. • Sharia ABS-PC Offering Period : ……………………………………….. • Sharia ABS-PC Allotment : ……………………………………….. • Distribution and Listing of Sharia ABS-PC on the Exchange : ……………………………………….. • Others, if any : ……………………………………….. II.

Attachment of Document about Sharia ABS-PC to be submitted: 1. Final draft of Public Offering Prospectus; 2. Legal opinion related to the Issuance of the Sharia ABS-PC from the Legal Consultant registered with the Financial Services Authority; 3. Preliminary projection of the Sharia ABS-PC payment in accordance with weighted average of the maturity of Sharia ABS-PC along with assumptions used; 4. Final draft of Sharia ABS-PC Transaction Document; 5. Preliminary rating report of the Sharia ABS-PC; 6. Opinion of the Public Accountant related to accounting aspect of the Issuance of Sharia ABSPC.

Sincerely yours, (Name of the Issuer)

(………..................) President Director

ATTACHMENT I-S.5

SHARIA ABS-PC PRELIMINARY LISTING AGREEMENT Agreement Number: ........... This Agreement is entered into this day, ............, by the undersigned below: I. Indonesia Stock Exchange Inc,

domiciled in Jakarta, established under the Deed of Establishment Number 27 dated 4 December 1991 drawn up before Mrs. Poerbaningsih Adi Warsito, S.H., Notary in Jakarta, as amended and supplemented several times, the latest by Deed Number ........, dated ....., drawn up before .........., Notary in Jakarta, in this case represented by ............... in his/her capacity as President Director of The Indonesia Stock Exchange Inc., hereinafter referred to as the FIRST PARTY.

II. ...............,

domiciled in .........., established under the Deed of Establishment Number ..... that then amended by Deed Number ............ and has been published in the State Gazette of the Republic of Indonesia Number ....... Supplement to the State Gazette of the Republic of Indonesia Number .......... and lastly changed into Public Company by Deed Number ................ in this matter represented by .......... in his/her capacity as the Director ............, hereinafter referred to as the SECOND PARTY.

The FIRST PARTY and the SECOND PARTY, jointly referred to as the Parties, firstly declare as follows: a.

that the SECOND PARTY intends to list ............. with the nominal value for a maximum of ..... (....), on the Indonesia Stock Exchange (hereinafter shall be referred to as the "Sharia ABS-PC");

that to comply with the provisions as stated in the Regulations of Financial Services Authority concerning Guidance for the Issuance of and Requirements for Sharia Asset-Backed Securities, the Parties agree to make and enter into this Securities Preliminary Listing Agreement (hereinafter shall be referred to as "the Agreement") on the terms and conditions as follows: ARTICLE 1 Sharia ABS-PC Listing on the Indonesia Stock Exchange Inc.

The FIRST PARTY shall list the Sharia ABS-PC submitted by the SECOND PARTY at the Indonesia Stock Exchange Inc. on the following terms: 1.

The application of the SECOND PARTY has been submitted in accordance and in compliance with the prevailing rules; and

Pursuant to the consideration and the result of evaluation performed by the FIRST PARTY, it has obtained a valuation that the SECOND PARTY is able to meet the listing requirements as referred to in the Securities Listing Rule Number I-S concerning Listing of Sharia Asset-Backed Securities in the Form of Participation Certificates, particularly in relation to the Registration Statement submitted to the Financial Services Authority has become effective. 26

ARTICLE 2 Early Termination This Agreement shall terminate if within the term of this Agreement, the following matters occurred: 1. The registration statement submitted to the Financial Services Authority has become ineffective. 2.

The listing application of the SECOND PARTY has been approved by the FIRST PARTY and the Sharia ABS-PC of the SECOND PARTY has been listed in the Securities list registered with the Exchange of the FIRST PARTY.

There is some changes in data and/or material information that causes the Issuer to be no longer meet the initial listing requirements on the Exchange of the FIRST PARTY as reffered to in the Securities Listing Rule Number I-S concerning Listing of Sharia Asset-Backed Securities in the Form of Participation Certificates. ARTICLE 3 Term of Agreement

This Agreement will be effective for 6 (six) months as of the date of execution and may be extended for maximum 6 (six) months, subject to approval of the Parties. ARTICLE 4 Closing 1.

The Parties agree to waive the provision of Article 1266 of the Civil Code of the Republic of Indonesia to the extent that a court judgment is required for the cancellation or termination of this Agreement.

This Agreement shall be made in 2 (two) originals, each has the same contents, on a duly stamped paper, and each shall have the same legal effect after signed by the Parties.

In witness whereof, this Agreement was signed by the Parties through their authorized representatives of the Parties on the day, date and year as set forth in the preamble of this Agreement.

The Parties

THE FIRST PARTY The Indonesia Stock Exchange Inc.

THE SECOND PARTY .................

................... President Director

................. President Director

ATTACHMENT I-S.6

Number : ……… Attachment : ………

……..(date/month/year)….

Director of Listing of The Indonesia Stock Exchange Inc. Indonesia Stock Exchange Building Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190 Attn.: Head of Listing Division

Re: Sharia ABS-PC Listing Application

Dear Sir/Madam, I, the undersigned: Name Position For and on behalf of Company/Institution

: ……………………………………………….….. : ………………………………………………….. : : …………………………………………………..

hereby apply for Sharia ABS-PC Listing on .................... on the Indonesia Stock Exchange Inc. Details of Sharia ABS-PC to be listed are as follows: No Name of Sharia ABS-PC 1. …………………………………… 2. …………………………………etc.

Listed Nominal Value …………………………………… …………………………………etc.

For your consideration, enclosed we submit the documents and the information as attached hereto.

Sincerely yours, (Name of the Issuer)

(..................) President Director

Attachment Checklist of Sharia ABS-PC Listing Application

No.

Name of Document

1 (one) copy of proof that the Sharia ABS-PC Registration Statement submitted by the Issuer to the Financial Services Authority has become effective;

3 (three) counterparts of Public Offering Prospectus;

1 (one) copy of Sharia ABS-PC Transaction Document, and the amendment thereto (if any);

1 (one) copy of contract with KSEI with regard to the Registration of Sharia ABS-PC in the collective custody with KSEI;

Report of result of allotment and report of composition of Sharia ABS-PC holders according to the Attachment I-S.7 of Rule I-S concerning Listing of Sharia ABS-PC.

*: put check mark (â&#x2C6;&#x161; ) if the document is enclosed in the submission

Status*

ATTACHMENT I-S.7

REPORT OF ALLOTMENT RESULT AND COMPOSITION OF SHARIA ABS-PC HOLDERS Name of Company Name of Sharia ABS-PC Report Date 1.

: ……………………………………. : ……………………………………. : …………………………………….

Results of Sharia ABS-PC Subscription in the Public Offering: REMARKS Number of Sharia ABS-PC offered in the Public Offering Number of Sharia ABS-PC Subscription Number of Sharia ABS-PC Subscriber

NUMBER OF Sharia ABS-PC IDR IDR

Allotment Results:

REMARKS

NUMBER OF Sharia ABS-PC (IDR)

PERCENTAGE OF TOTAL ISSUE (%)

Foreign individual Indonesian individual Foreign institution Indonesian institution Total Sharia ABS-PC in the Public Offering Total Sharia ABS-PC Subscription

_________________________________ Board of Directors of the Company

__________________ Allotment Manager

NUMBER OF INVESTOR