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P T IN D O N ES IAN P A RAD IS E P RO P ERTY TB K (the “C ompany”)
A N N O U N C EMEN T O F
TH E RES U ME O F M IN UTES O F TH E A N N U AL GEN ERA L MEETIN G O F S H A REH O L D ERS
MEETIN G IMP L EM EN TATIO N
W e he re b y inform that the A nnual Ge ne ral M e e ting of the S hare holde rs of the C ompany (“Me e ting”) was conve ne d on Friday, 10 June 2016, locate d at H A RRIS H ote l Te b e t-Jakarta Jl. D r. S ahardjo N o.191, Jakarta 12960, Indone sia.
The M e e ting was starte d at 14.20 until 14.57 W e ste rn Indone sian Time (W IB ).
MEETIN G A GEN D A
The M e e ting age ndas are as follows: 1.First A ge nda:
A pproval of: i) C ompany’s A nnual Re port for the Fiscal Ye ar 2015; ii) S upe rvision Re port of the B oard of C ommissione rs of the C ompany for the Fiscal Ye ar 2015; and iii) Financial S tate me nt of the C ompany for the Fiscal Ye ar 2015 which has b e e n audite d b y an Inde pe nde nt P ub lic A ccountant’s O ffice ; as we ll as the full granting of re le ase and discharge (acquit e t de charge ) towards the C ompany’s B oard of D ire ctor and B oard of C ommissione r for the fore going matte rs. 2.S e cond A ge nda:
A pproval for the P roposal of U sage of the C ompany’s N e t P rofit for the Fiscal Ye ar 2015. 3.Third A ge nda:
A pproval for de te rmination of re mune ration and/or honorarium of the me mb e r of B oard of C ommissione r and B oard of D ire ctor of the C ompany, as we ll as to grant authorization towards the B oard of C ommissione r of the C ompany to de te rmine the re mune ration and/or honorarium for the me mb e r of B oard of C ommissione r and B oard of D ire ctor of the C ompany.
4.Fourth A ge nda:
A pproval for A ppointme nt of Inde pe nde nt P ub lic A ccountant’s O ffice to audit the Financial S tate me nt of the C ompany for the Fiscal Ye ar 2016 and to grant authorization towards the B oard of D ire ctor of the C ompany to de te rmine the honorarium of Inde pe nde nt P ub lic A ccountant as we ll as othe r re quire me nts.
5.Fifth A ge nda:
P re se ntation of L imite d Right Issue I Fund U sage ’s Re alization Re port to the S hare holde rs.
MEMB ERS O F TH E B O A RD O F D IREC TO R A N D B O A RD O F C O M MMIS S IO N ER P RES EN T
The M e e ting was atte nde d b y B oard of C ommissione rs and the B oard of D ire ctors of the C ompany as follows:
1.M r. Todo S ihomb ing as P re side nt C ommissione r cum Inde pe nde nt C ommissione r; 2.M r. H adi C ahyadi as Inde pe nde nt C omissione r;
3.M r. A goe s S oe listyo S antoso as P re side nt D ire ctor; and 4.M rs. D iana S olaiman as D ire ctor.
A MO U N T O F S H A RES P RES EN T
The M e e ting was atte nde d b y the valid share holde rs and the proxy of share holde rs in the amount of 11,069,566,202 share s or e qual to 98.99% of the total share s with valid voting rights which have b e e n issue d b y the C ompany up to the date of this M e e ting in the amount of 11,181,971,732 share s.
O P P O RTU N ITY FO R Q UES TIO N AN D /O R O P IN IO N
P rior to re solving the de cisions, C hairman of the M e e ting provide d an opportunity for S hare holde rs to ask que stions and/or give an opinion on e ach M e e ting A ge nda, howe ve r the re we re no share holde rs who pre se nte d que stions and/or opinion on e ach M e e ting A ge nda.
D EC IS IO N M A KIN G MEC H A N IS M
The de cision was take n b y de lib e ration and conse nsus; howe ve r in the e ve nt that if the re is a S hare holde r or P roxy of S hare holde rs vote against or ab stain the n the de cision shall b e take n b ase d on voting.
V O TIN G RES UL T
N one of the share holde rs or the ir proxie s whom we re pre se nt in the M e e ting provide d vote of ab stain or against the de cision.
Entire share holde rs or the ir proxie s whom we re pre se nt in the M e e ting provide d vote of approvals, the re fore all de cisions we re approve d b y the M e e ting b y de lib e ration and conse nsus.
MEETIN G D EC IS IO N
The de cisions which we re cast in the M e e ting are as follows: First A ge nda:
A pprove d and ratifie d the A nnual Re port for the fiscal ye ar e nde d on 31 D e ce mb e r 2015 including within it the Re port on the C ompany’s A ctivity, S upe rvision Re port of the B oard of C ommissione rs and the C ompany’s Financial S tate me nts for the fiscal ye ar e nde d on 31 D e se mb e r 2015 which has b e e n audite d b y an Inde pe nde nt P ub lic A ccountant’s O ffice of TA N U B RA TA S UTA N TO FA H M I & REKA N , as we ll as the full granting of re le ase and discharge (acquit e t de charge ) towards the C ompany’s B oard of D ire ctor and B oard of C ommissione r for the ir supe rvisory and manage me nt acts which we re carrie d out during the fiscal ye ar e nde d on 31 D e ce mb e r 2015, to the e xte nt that such supe rvision and manage me nt acts we re re fle cte d on such A nnual Re port.
S e cond A ge nda:
D e te rmine d the usage of the N e t P rofit for the 2015 Fiscal Ye ar to b e distrib ute d as cash divide nds in the amount of Rp 16,772,957,598.00 or in the amount 27.61% of the total C ompany’s ne t profit for the 2015 Fiscal Ye ar, distrib ute d to 11,181,971,732 share s validly issue d b y the C ompany. The re fore , e ach share shall e arn cash divide nds in the amount of Rp 1.5 pe r share .
The re maining fore going profit shall b e b ooke d into the Re taine d Earning of the C ompany. S ub se que ntly to grant authorization to the B oard of D ire ctor of the C ompany to carry out the
distrib ution the cash divide nds as me ntione d ab ove and pe rform all ne ce ssary actions in conne ction with the distrib ution of the said cash divide nd.
Third Age nda:
D e te rmine d the totalamount of re mune rationand othe r honorarium for the B oard of C ommissione r of the C ompany for the ongoing fiscal ye ar are in the same amount with the one s stipulate d in the pre vious fiscal ye ar, and or with the maximum incre ase of 10% of the amount stipulate d in the pre vious fiscal ye ar, and grante d powe r and authority to the P re side nt C ommissione r to de te rmine and manage its allocation.
To grant powe r and authority to the B oard of C ommissione r to de te rmine the re mune ration and othe r honorarium for the B oard of D ire ctor.
Fourth A ge nda:
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S C H ED U L E AN D P RO C ED U RE O F TH E C AS H D IV ID EN D D IS TRIB U TIO N 1.S che dule of C ash D ivide nd D istrib ution:
a.C um D ivide nd in Re gular and N e gotiation M arke t date d 17 June 2016. b .Ex D ivide nd in Re gular and N e gotiation M arke t date d 20 June 2016. c.C um D ivide n in C ash M arke t date d 22 June 2016.
d.Ex D ivide n in C ash M arke t date d 23 June 2016. e .Re cording D ate date d 22 June 2016.
f.P ayme nt Imple me ntation of C ash D ivide nd date d 14 July 2016. 2.P roce dure of C ash D ivide nd D istrib ution:
a.S hare holde rs whom are e ntitle d to re ce ive cash divide nds are those whose name s are re giste re d in the S hare holde rs’ Re gistry in the C ompany’s S e curitie s A dministration B ure au (“B A E”) which is P T A dimitra Jasa Korpora and P T Kustodian S e ntral Efe k Indone sia (“KS EI”) on 22 June 2016 until 16.00 W e ste rn Indone sian Time (W IB ) (the “Entitle d S hare holde rs”). b .P ayme nt of cash divide nd shall b e e xe rcise d on 14 July 2016 with the following te rm and
proce dure :
i)For S hare holde rs whose share s are ke pt in colle ctive custody at KS EI, the cash divide nd payme nt will b e done through KS EI and will b e distrib ute d to the account of S e curitie s C ompany and/or C ustodian B ank on 14 July 2016. The cash divide nd payme nt slip will b e se nt b y KS EI to the S hare holde rs through its S e curitie s C ompany and/or C ustodian B ank whe re the S hare holde rs ope ne d the ir account.
ii)For the S hare holde rs whose share s are not store d in the colle ctive custody at KS EI or are still in the form of pape r (warkat), the n the payme nt of cash divide nds will b e transfe rre d to the account of the S hare holde r b y pre se nting writte n notification of the name and b ank account numb e r to the C ompany’s B A E which is P T A dimitra Jasa Korpora, Rukan Kirana B uotique O ffice , Jl Kirana A ve ne u III B lok F3 N o 5, Ke lapa Gading - Jakarta U tara 14250, Indone sia ; or the C ompany dire ctly with the atte ntion of C orporate S e cre tary, Jl. Te b e t Timur Raya N o. 10 C , Jakarta 12820 Indone sia, at the late st b y 22 June 2016 until 16.00 W e ste rn Indone sian Time (W IB ).
3.The C ompany doe s not se rve the re que st of share holde rs to transfe r the ir rights ove r the divide nds to othe r partie s.
4.The cash divide nds will b e sub je ct to tax in accordance with the pre vailing tax re gulation. S uch tax shall b e b orne b y the Entitle d S hare holde rs.
5.For the Entitle d S hare holde rs whom are Indone sian Entity Tax S ub je ct which is a le gal e ntity and has not sub mitte d the ir Tax ID N umb e r (N P W P ), ple ase sub mit the copy of its Tax ID N umb e r (N P W P ) to KS EI and B A E at the late st b y 22 June 2016 until 16.00 W e ste rn Indone sian Time (W IB ). In the ab se nce of such Tax ID N umb e r (N P W P ), the cash divide nd to b e paid to the said share holde r shall b e de ducte d b y 30% W H T.
6.For the Entitle d S hare holde rs whom are O ve rse as Tax S ub je ct, whose country has signe d a D oub le Taxation Tre aty with the Re pub lic of Indone sia, ple ase sub mit the original L e tte r of D omicile from its re spe ctive country (“S KD ”) or the copy which has b e e n le galize d b y the local Indone sian Emb assy (whe re such Entitle d S hare holde rs domicile s) to B A E and KS EI at the late st b y 22 June 2016 until 16.00 W e ste rn Indone sian Time (W IB ). In the ab se nce of such S KD , the cash divide nd to b e paid to the said share holde r shall b e de ducte d b y 20% W H T. This matte r is in accordance with L aw N o. 36 of 2008 re garding fourth ame ndme nt of L aw N o. 7 of 1983 re garding Income Tax and P ER-24/P J/2010 re garding P roce dure on A pplying D oub le Taxation A voidance A pproval.
P T IN D O N ES IAN P A RAD IS E P RO P ERTY TB K (the “C ompany”)
A N N O U N C EMEN T O F
TH E RES U ME O F M IN UTES O F TH E EXTRAO RD IN A RY GEN ERA L MEETIN G O F S H A REH O L D ERS
MEETIN G IMP L EM EN TATIO N
W e he re b y inform that the Extraordinary Ge ne ral M e e ting of the S hare holde rs of the C ompany (“Me e ting”) was conve ne d on Friday, 10 June 2016, locate d at H A RRIS H ote l Te b e t-Jakarta Jl. D r. S ahardjo N o.191, Jakarta 12960, Indone sia.
The M e e ting was starte d at 15.09 until 15.30 W e ste rn Indone sian Time (W IB ).
MEETIN G A GEN D A
The M e e ting age ndas are as follows: 1.First A ge nda:
A pproval of changing the C ompany’s manage me nt composition. 2.S e cond A ge nda:
A pproval for granting a C orporate Guarante e b y the C ompany which value is more than 50% (fifty pe rce nt) of the C ompany’s ne t asse t in 1 (one ) transaction or more which corre late s or not with e ach othe r.
MEMB ERS O F TH E B O A RD O F D IREC TO R A N D B O A RD O F C O M MMIS S IO N ER P RES EN T
The M e e ting was atte nde d b y B oard of C ommissione rs and the B oard of D ire ctors of the C ompany as follows:
1.M r. Todo S ihomb ing as P re side nt C ommissione r cum Inde pe nde nt C ommissione r; 2.M r. H adi C ahyadi as Inde pe nde nt C omissione r;
3.M r. A goe s S oe listyo S antoso as P re side nt D ire ctor; and 4.M rs. D iana S olaiman as D ire ctor.
The M e e ting was chaire d b y M r. Todo S ihomb ing as P re side nt C ommissione r cum Inde pe nde nt C ommissione r of the C ompany.
A MO U N T O F S H A RES P RES EN T
The M e e ting was atte nde d b y the valid share holde rs and the proxy of share holde rs in the amount of 11,069,566,302 share s or e qual to 98.99% of the total share s with valid voting rights which have b e e n issue d b y the C ompany up to the date of this M e e ting in the amount of 11,181,971,732 share s.
O P P O RTU N ITY FO R Q UES TIO N AN D /O R O P IN IO N
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V O TIN G RES UL T
N one of the share holde rs or the ir proxie s whom we re pre se nt in the M e e ting provide d vote of ab stain or against the de cision.
Entire share holde rs or the ir proxie s whom we re pre se nt in the M e e ting provide d vote of approvals, the re fore all de cisions we re approve d b y the M e e ting b y de lib e ration and conse nsus.
MEETIN G D EC IS IO N
The de cisions which we re cast in the M e e ting are as follows: First A ge nda:
1.For the C omposition of B oard of D ire ctor:
a.To honourab ly dismiss M r. Edhie B amb ang S iswoko as the Inde pe nde nt D ire ctor of the C ompany, and grant full re le ase and discharge (acquit e t de charge ) during his te nure as Inde pe nde nt D ire ctor of the C ompany, e ffe ctive since the closure of the Me e ting.
b .To appoint M r. A le xande r N artate s N artate s as the ne w Inde pe nde n D ire ctor of the C ompany, e ffe ctive since the closure of the M e e ting.
c.To appoint M r. A nthony P rab owo S usilo as V ice P re side nt D ire ctor of the C ompany, e ffe ctive since the closure of the M e e ting.
d.N ow the re fore , to de te rmine the composition of the ne w B oard of D ire ctor of the C ompany e ffe ctive since the M e e ting’s closure untilthe closing of A nnualGe ne ralM e e ting of S hare holde r of the C ompany in 2020, as follows:
P re side nt D ire ctor : M r. A goe s S oe listyo S antoso V ice P re side nt D ire ctor : M r. A nthony P rab owo S usilo Inde pe nde nt D ire ctor : M r. A le xande r N artate s N artate s D ire ctor : M r. P atrick S .Re ndradjaja D ire ctor : M rs. D iana S olaiman 2.For the C omposition of B oard of C ommissione r:
To change the composition of the B oard of C ommissione r of the C ompany, e ffe ctive since the M e e ting’s closure until the closing of A nnual Ge ne ral M e e ting of S hare holde r of the C ompany in 2020, as follows:
P re side nt C ommissione r cum Inde pe nde nt C ommissione r
: M r. Todo S ihomb ing
V ice P re side nt C ommissione r cum Inde pe nde nt C ommissione r
: M r. H adi C ahyadi
C ommissione r : M rs. A me lia Gozali C ommissione r : M r. Kare l P atipe ilohy
3.To grant authority and powe r to B oard of D ire ctor of the C ompany, with the right of sub stitution, to incorporate /state such fore going de cision on the composition of the me mb e r of B oard of D ire ctor and B oard of C omissione r in a de e d made b e fore a N otary, and sub se que ntly to notify it to the re late d authority, as we ll as to pe rform all and e ve ry ne ce ssary acts with re spe ct to such de cision in accordance with the pre vailing le gislations.
S e cond A ge nda:
A pprove d the granting of C orporate Guarante e b y the C ompany which value is more than 50% (fifty pe rce nt) of the C ompany’s ne t asse t in 1 (one ) transaction or more which corre late s or not with e ach othe r, that have a time pe riod until the e xpiration of such transaction, b ase d on favourab le and re asonab le conside ration as vie we d b y the C ompany and to the e xte nt e xe rcise d in accordance with the pre vailing le gislations, including b ut not limite d to Financial S e rvice A uthority (O JK) re gulation.
