1 Januari 2014/31 Desember 2013 January 1, 2014/December 31, 2013

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d1/March 31, 2016 paraf/sign:

Laporan Posisi Keuangan Konsolidasi Consolidated Statement of Financial Position 1 Januari 2014/31 Desember 2013 January 1, 2014/December 31, 2013

E

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d1/March 31, 2016 paraf/sign:

Surat Pernyataan Direksi Directors’ Statement Letter

Laporan Auditor Independen Independent Auditor’s Report

Laporan Keuangan Konsolidasian Untuk Tahun-tahun yang Berakhir pada Tanggal 31 Desember 2015 dan 2014, serta Laporan Posisi Keuangan Konsolidasian Per 1 Januari 2014/31 Desember 2013

Consolidated Financial Statements For the Years Ended December 31, 2015 and 2014, and Consolidated Statement of Financial Position As of January 1, 2014/December 31, 2013

Laporan Posisi Keuangan Konsolidasian 1 Consolidated Statements of Financial

Position

Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian

2 Consolidated Statements of Profit or Loss and Other Comprehensive Income

Laporan Perubahan Ekuitas Konsolidasian 3 Consolidated Statements of Changes in Equity

Laporan Arus Kas Konsolidasian 4 Consolidated Statements of Cash Flows

Catatan atas Laporan Keuangan Konsolidasian

5 Notes to The Consolidated Financial

Statements

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Catatan terlampir merupakan bagian yang tidak terpisahkan dari The accompanying notes form an integral part of these

laporan keuangan konsolidasian secara keseluruhan consolidated financial statements

d1/Maret 31, 2016 1 paraf/sign: 1 Januari 2014/ January 1, 2014 31 Desember 2013/ Catatan/ 2015 2014 *) December 31, 2013 *) Note Rp Rp Rp ASET ASSETS

Aset Lancar Current Assets

Kas dan Setara Kas 4, 32, 33 221,004,359 203,371,270 588,003,052 Cash and Cash Equivalents

Piutang Usaha 5, 30, 32 Accounts Receivable

Pihak Berelasi 579,922 920,384 117,606 Related Parties

Pihak Ketiga 64,453,546 50,920,126 22,558,627 Third Parties

Aset Keuangan Lancar Lainnya 32 3,734,584 2,083,420 43,308,745 Other Current Financial Assets

Persediaan 6 2,216,103,145 1,677,316,809 1,362,387,188 Inventories

Uang Muka Investasi 7 264,477,100 216,978,100 13,572,406 Advances of Investment

Biaya Dibayar di Muka 5,585,118 5,957,097 3,057,965 Prepaid Expenses

Pajak Dibayar Di Muka 29.a 144,194,774 145,691,494 121,908,638 Prepaid Taxes

Total Aset Lancar 2,920,132,548 2,303,238,700 2,154,914,227 Total Current Assets

Aset Tidak Lancar Non Current Assets

Investasi Pada Entitas Asosiasi dan Investment in Associates and

Ventura Bersama 8, 30 291,956,468 280,580,238 268,383,313 Joint Ventures

Piutang Pihak Berelasi - Non Usaha 30, 32 2,950,065 6,115,799 6,143,179 Due from Related Parties - Non Trade

Uang Muka Pembelian Tanah 34.j, 34.k 80,525,725 80,525,725 88,025,725 Advances for Land Acquisition

Tanah untuk Pengembangan 9 3,191,511,891 3,014,839,567 2,741,197,767 Land for Development

Properti Investasi 10 822,298,371 803,846,693 740,262,428 Investment Properties

Aset Tetap 11 87,985,596 42,366,654 35,550,721 Fixed Assets

Aset Keuangan Tidak Lancar Lainnya 12,32 166,007,241 137,780,166 113,275,823 Other Non Current Financial Assets

Aset Non Keuangan Tidak Lancar Lainnya 14,733,533 15,320,019 15,424,682 Other Non Current Non Financial Assets

Total Aset Tidak Lancar 4,657,968,890 4,381,374,861 4,008,263,638 Total Non Current Assets

TOTAL ASET 7,578,101,438 6,684,613,561 6,163,177,865 TOTAL ASSETS

LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY

LIABILITAS LIABILITIES

Liabilitas Jangka Pendek Current Liabilities

Utang Usaha Accounts Payable

Pihak Berelasi 13, 30 18,000,376 7,812,729 18,563,734 Related Parties

Pihak Ketiga 105,548,873 68,546,930 55,389,382 Third Parties

Liabilitas Keuangan Jangka Pendek Lainnya 14 56,446,682 43,641,460 10,763,316 Other Current Financial Liabilities

Utang Pajak 29.d 50,695,193 36,350,939 12,684,122 Tax Payables

Beban Akrual 15, 32 140,454,634 74,057,248 47,838,157 Accrued Expenses

Liabilitas Imbalan Kerja Jangka Pendek 114,020,117 93,178,164 78,182,016 Short Term Employee Benefits Liabilities

Uang Muka Penjualan 16 2,426,187,261 2,634,321,646 2,743,639,056 Advances from Customers

Penghasilan Sewa Ditangguhkan dan Setoran Jaminan 18 62,141,580 81,289,829 93,366,534 Deferred Rent Income and Customers' Deposits

Utang Pihak Berelasi - Non Usaha 30, 32 864,661 8,042,529 3,472,947 Due to Related Parties - Non Trade

Total Liabilitas Jangka Pendek 2,974,359,377 3,047,241,474 3,063,899,264 Total Current Liabilities

Liabilitas Jangka Panjang Non Current Liabilities

Utang Bank Jangka Panjang 17, 32 27,563,406 -- -- Long Term Bank Loans

Penghasilan Sewa Ditangguhkan dan Setoran Jaminan 18 409,129,315 402,880,272 386,480,813 Deferred Rent Income and Customers' Deposits

Liabilitas Imbalan Kerja Jangka Panjang 19.b, 30 26,118,200 26,149,167 36,091,384 Long Term Employee Benefits Liabilities

Total Liabilitas Jangka Panjang 462,810,921 429,029,439 422,572,197 Total Non Current Liabilities

TOTAL LIABILITAS 3,437,170,298 3,476,270,913 3,486,471,461 TOTAL LIABILITIES

EKUITAS EQUITY

Ekuitas yang Dapat Diatribusikan Kepada Equity Attributable to Owners of

Pemilik Entitas Induk: the Parent:

Modal Saham - Nilai Nominal Rp20 (angka penuh) Capital Stock - Par Value Rp20 (full amount)

Modal Dasar - 25.000.000.000 saham Authorized Capital - 25,000,000,000 shares

Modal Ditempatkan dan Disetor Penuh - Issued and Fully Paid

-13.750.000.000 Saham 20 275,000,000 275,000,000 275,000,000 13,750,000,000 shares

Tambahan Modal Disetor 21 493,425,053 251,746,989 251,746,989 Additional Paid in Capital

Saldo Laba Retained Earnings

Telah Ditentukan Penggunaannya 22 44,000,000 33,000,000 22,000,000 Appropriated

Belum Ditentukan Penggunaannya 3,191,406,382 2,563,567,997 2,016,658,119 Unappropriated

Saham Treasuri 20 (48,396,400) (93,876,253) (75,377,200) Treasury Stocks

3,955,435,035 3,029,438,733 2,490,027,908

Kepentingan Nonpengendali 23 185,496,105 178,903,915 186,678,496 Non-Controlling Interest

TOTAL EKUITAS 4,140,931,140 3,208,342,648 2,676,706,404 TOTAL EQUITY

TOTAL LIABILITAS DAN EKUITAS 7,578,101,438 6,684,613,561 6,163,177,865 TOTAL LIABILITIES AND EQUITY

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d1/Maret 31, 2016 2 paraf/sign:

(Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) (In Thousand Rupiah, Unless Otherwise Stated)

Catatan/ 2015 2014 *)

Note Rp Rp

PENDAPATAN USAHA 24 2,150,206,788 1,936,340,442 REVENUES

BEBAN POKOK PENJUALAN DAN COST OF REVENUES AND

BEBAN LANGSUNG 25 884,696,930 884,558,134 DIRECT EXPENSES

LABA KOTOR 1,265,509,858 1,051,782,308 GROSS PROFIT

Pendapatan Lainnya 27,584,535 11,840,006 Other Incomes

Beban Usaha 26 (333,090,823) (260,141,690) Operating Expenses

Beban Lainnya (6,547,764) (7,592,199) Other Expenses

LABA USAHA 953,455,806 795,888,425 INCOME FROM OPERATION

Beban Pajak Final 28 (115,266,523) (102,080,577) Final Expenses Tax

Pendapatan Keuangan 27 27,056,510 32,695,832 Financial Income

Bagian Laba Entitas Asosiasi Equity In Net Earnings of Associates

dan Ventura Bersama 8 11,372,476 7,157,911 and Joint Ventures

LABA SEBELUM PAJAK PENGHASILAN 876,618,269 733,661,591 INCOME BEFORE INCOME TAX

BEBAN PAJAK PENGHASILAN 29 INCOME TAX EXPENSES

Pajak Kini (6,841,091) (5,985,071) Current Tax

Pajak Tangguhan -- -- Deferred Tax

Total (6,841,091) (5,985,071) Total

LABA TAHUN BERJALAN 869,777,178 727,676,520 INCOME FOR THE YEAR

PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME

Pos yang Tidak akan Direklasifikasi Item That Will Not Reclassified

ke Laba Rugi to Profit and Loss

Pengukuran Kembali atas Program Imbalan Pasti 1,488,710 214,246 Remeasurement of Defined Benefits Plan

Pengukuran Kembali atas Program Imbalan Pasti Remeasurement of Defined Benefits Plan

Entitas Asosiasi 3,754 (7,251) Associates

Pajak Penghasilan Terkait -- -- Related Income Tax

Total Penghasilan Komprehensif Lain 1,492,464 206,995 Total Other Comprehesive Income LABA KOMPREHENSIF TAHUN BERJALAN 871,269,642 727,883,515 COMPREHENSIVE INCOME FOR THE YEAR

Laba Tahun Berjalan yang Dapat Diatribusikan Kepada: Income for the Year Attributable to:

Pemilik Entitas Induk 872,945,782 735,624,413 Owners of the Parent Entity

Kepentingan Nonpengendali (3,168,604) (7,947,893) Non-Controlling Interest

Total 869,777,178 727,676,520 Total

Laba Komprehensif Tahun Berjalan yang Dapat Comprehensive Income for the Year

Diatribusikan Kepada: Attributable to:

Pemilik Entitas Induk 874,199,452 735,658,096 Owners of the Parent Entity

Kepentingan Nonpengendali (2,929,810) (7,774,581) Non-Controlling Interest

Total 871,269,642 727,883,515 Total

LABA PER SAHAM (Rupiah Penuh) 31 EARNINGS PER SHARE (Full Rupiah)

Dasar 64.93 55.87 Basic

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*) Disajikan Kembali dalam Catatan 3 *) As Restated in Note 3 **) Saldo Laba Termasuk Pengukuran Kembali Program Imbalan pasti **) Retained Earnings Including Measurement of Defined Benefit Plan

d1/March 31, 2016 3 paraf/sign:

Note Nonpengendali/ Total Equity

Modal Saham Tambahan SahamTreasuri/ Total/ Non-Controlling

Ditempatkan dan Modal Disetor/ Treasury Stocks Total Interest

Disetor Penuh/ Additional Telah Ditentukan Belum Ditentukan

Capital Stock Paid in Penggunaannya/ Penggunaannya/

Issued and Capital Appropriated Unappropriated **)

Fully Paid

Rp Rp Rp Rp Rp Rp Rp Rp

SALDO PER 31 DESEMBER 2013 BALANCE AS OF DECEMBER 31, 2013

(Sebelum Disajikan Kembali) 275,000,000 251,746,989 22,000,000 2,023,481,776 (75,377,200) 2,496,851,565 186,795,949 2,683,647,514 (Before Restatement)

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Penyesuaian Terkait Penerapan Adjusment In Connection With

PSAK No. 24 (Revisi 2013) -- -- -- (6,823,657) -- (6,823,657) (117,453) (6,941,110) Adoption of No. PSAK 24 (Revised 2013)

SALDO PER 31 DESEMBER 2013 BALANCE AS OF DECEMBER 31, 2013

(Setelah Disajikan Kembali) 275,000,000 251,746,989 22,000,000 2,016,658,119 (75,377,200) 2,490,027,908 186,678,496 2,676,706,404 (After Restatement)

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Dividen Tunai 22 -- -- -- (177,748,218) -- (177,748,218) -- (177,748,218) Cash Dividend

Dana Cadangan 22 -- -- 11,000,000 (11,000,000) -- -- -- -- General Reserve

Perolehan Saham Treasuri -- -- -- -- (18,499,053) (18,499,053) -- (18,499,053) Buy Back of Capital Stocks

Laba Tahun Berjalan -- -- -- 735,624,413 -- 735,624,413 (7,947,893) 727,676,520 Income for the Year

Penghasilan Komprehensif Lain -- -- -- 33,683 -- 33,683 173,312 206,995 Other Comprehensive Income

SALDO PER 31 DESEMBER 2014 *) 275,000,000 251,746,989 33,000,000 2,563,567,997 (93,876,253) 3,029,438,733 178,903,915 3,208,342,648 BALANCE AS OF DECEMBER 31, 2014 *)

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Dividen Tunai 22 -- -- -- (235,361,067) -- (235,361,067) -- (235,361,067) Cash Dividend

Dana Cadangan 22 -- -- 11,000,000 (11,000,000) -- -- -- -- General Reserve

Penjualan Saham Treasuri -- 241,678,064 -- -- 45,479,853 287,157,917 -- 287,157,917 Sale of Treasury Stock

Setoran Modal oleh Kepentingan Paid in Capital from Non

Nonpengendali -- -- -- -- -- -- 9,522,000 9,522,000 Controlling Interest

Laba Tahun Berjalan -- -- -- 872,945,782 -- 872,945,782 (3,168,604) 869,777,178 Income for the Year

Penghasilan Komprehensif Lain -- -- -- 1,253,670 -- 1,253,670 238,794 1,492,464 Other Comprehensive Income

SALDO PER 31 DESEMBER 2015 275,000,000 493,425,053 44,000,000 3,191,406,382 (48,396,400) 3,955,435,035 185,496,105 4,140,931,140 BALANCE AS OF DECEMBER 31, 2015

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Equity Attributable to Owners of the Parent Saldo Laba/

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d1/Maret 31, 2016 4 paraf/sign:

Catatan/ 2015 2014

Note Rp Rp

ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES

Penerimaan Kas dari Pelanggan 1,953,850,547 1,827,905,228 Cash Received from Customers

Penerimaan Bunga 27,056,511 32,695,832 Cash Received from Interest

Pembayaran Kas untuk Pemborong, Pemasok Cash paid to Contractors, Supplier

dan Karyawan (1,749,031,188) (1,637,014,370) and Employees

Pembayaran Pajak Penghasilan (129,310,175) (109,596,382) Payment of Income Tax

Pembayaran Beban Keuangan (761,061) -- Payment of Financial Charges

Kas Neto Diperoleh dari Aktivitas Operasi 101,804,634 113,990,308 Net Cash Provided by Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES

Penambahan Properti Investasi 10 (71,469,328) (114,385,013) Additional of Investment Properties

Perolehan Aset Tetap 11 (50,845,374) (12,675,189) Acquisition of Fixed Assets

Penjualan Properti Investasi 10 74,223 -- Disposal of Invesment Property

Penambahan Uang Muka Investasi pada Entitas Asosiasi 7 (47,500,000) (232,977,100) Additional Investment in Associates

Pengurangan Investasi pada Ventura Bersama 34.f -- 24,525,141 Deduction of Investment in Joint Venture

Kas Neto Digunakan untuk Aktivitas Investasi (169,740,479) (335,512,161) Net Cash Used in Investing Activities

ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES

Pembayaran Dividen 22 (235,361,067) (177,748,218) Payment of Dividend

Pembayaran kepada Pihak Berelasi - Bersih (4,012,135) (6,956,820) Payment from Related Parties - Net

Perolehan Saham Treasuri 20 -- (18,499,053) Buyback of Capital Stock

Penjualan Saham Tresuri 20, 21 287,157,917 -- Selling of Treasury Stock

Perolehan Pinjaman 17 27,888,199 -- Proceeds from Loans

Penerimaan Setoran Modal dan Uang Muka Setoran Modal Paid in Capital from

dari Kepentingan Nonpengendali di Entitas Anak 9,522,000 40,000,000 Non-Controlling Interest of Subsidiaries

Kas Neto Diperoleh (Digunakan) untuk Aktivitas Pendanaan 85,194,914 (163,204,091) Net Cash Provided by (Used In) Financing Activities

KENAIKAN (PENURUNAN) BERSIH NET INCREASE (DECREASE) IN

KAS DAN SETARA KAS 17,259,070 (384,725,944) CASH AND CASH EQUIVALENTS

PENGARUH SELISIH KURS ATAS EFFECTS OF EXCHANGE RATE FLUCTUATION UPON

KAS DAN SETARA KAS 374,019 94,162 CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS PADA AWAL TAHUN 203,371,270 588,003,052 AT BEGINNING OF YEAR

KAS DAN SETARA KAS PADA AKHIR TAHUN 4 221,004,359 203,371,270 CASH AND CASH EQUIVALENTS AT END OF YEAR

Kas dan Setara Kas Terdiri dari: Cash and Cash Equivalents consist of:

Kas 979,407 903,867 Cash on Hand

Bank 26,623,692 19,322,116 Cash in Banks

Deposito Berjangka 193,401,260 183,145,287 Time Deposits

Total 221,004,359 203,371,270 Total

Tambahan aktivitas yang tidak mempengaruhi arus kas disajikan dalam Catatan 36.

Additional disclosure for non cash transaction is presented in Note 36

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d1/31 Maret 2016 5 paraf:

1. Umum 1. General

1.a. Pendirian Perusahaan

PT Jaya Real Property Tbk (“Perusahaan”) didirikan di Indonesia berdasarkan Undang-undang Penanaman Modal Dalam Negeri pada

tanggal 25 Mei 1979 dengan akta

No. 36 dari Hobropoerwanto, SH, pada waktu itu notaris di Jakarta, yang diubah dengan akta No. 14 dari notaris yang sama pada tanggal 6 Desember 1979. Akta pendirian tersebut telah disahkan oleh Menteri Kehakiman Republik Indonesia dalam Surat Keputusan No. Y.A. 5/498/24 tanggal 22 Desember 1979 dan diumumkan dalam Berita Negara No. 23 tanggal 18 Maret 1980, Tambahan No. 148. Anggaran Dasar Perusahaan telah mengalami beberapa kali perubahan, secara keseluruhan melalui akta No. 52 tanggal 4 Juni 2009, yang dibuat oleh Aulia Taufani, SH, sebagai pengganti Sutjipto, SH, pada waktu itu notaris di Jakarta, yang telah mendapat persetujuan Menteri Hukum dan Hak Asasi Manusia berdasarkan Surat Keputusannya No: AHU-50606.AH.01.02.Tahun 2009 tanggal 20 Oktober 2009, akta No. 03 tanggal 1 Juni 2010 oleh Aulia Taufani, SH, sebagai pengganti dari Sutjipto, SH, notaris di Jakarta, mengenai perubahan tempat kedudukan Perusahaan. Perubahan anggaran dasar Perusahaan tersebut telah memperoleh persetujuan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. AHU-40349.AH.01.02.Tahun 2010 tanggal 16 Agustus

2010 dan terakhir dengan berdasarkan

Keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) yang dituangkan dalam Akta

Pernyataan Keputusan Rapat Perubahan

Anggaran Dasar No.18 tanggal 4 Juni 2013 yang dibuat di hadapan Aryanti Artisari, SH, M.Kn notaris di Jakarta tentang pemecahan saham (Stock Split) dan telah dilaporkan dan diterima oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. AHU-AH.01.10-28159.Tahun 2013 tanggal 10 Juli 2013.

1.a. Establishment of the Company

PT Jaya Real Property Tbk (“the Company”) was established under Domestic Investment Law on May 25, 1979, based on the notarial deed No. 36 of Hobropoerwanto, SH, at that time a notary in Jakarta, and amended with notarial deed No. 14 of the same notary as of December 6, 1979. The deed of establishment was approved by the Minister of Law of the Republic of Indonesia in his decision letter No. Y.A. 5/498/24 dated December 22, 1979. This was published in State Gazette No. 23 dated March 18, 1980, Supplement No. 148. The Company's Articles of Association have been amended several times, overall by deed No. 52 dated June 4, 2009, made by Aulia Taufani, SH, substitute Sutjipto, SH, at the time the notary in Jakarta, which was approved by the Minister of Law and Human Rights by Decision Letter No. AHU-50606.AH.01.02. year 2009 dated October 20, 2009, deed No. 03 dated June 1, 2010 by Aulia Taufani, SH, being the substitute notary of Sutjipto, SH, a notary in Jakarta, concerning the domicile of the Company was approved by the Minister of Law and Human Rights of Republic of Indonesia in his Decision Letter No. AHU-40349.AH.01.02.Year 2010 dated August 16, 2010 and the last based on the Extraordinary General Meeting of Shareholders as stated in notarial deed Statement of Changes of Article Association No. 18 dated June 4, 2013 of Aryanti Artisari, SH, M.Kn, a notary in Jakarta concerning the initiate stock split on the par value of share and the latest amendment had been reported to and acknowledged by the Minister of Law and Human Rights in his decree No. AHU-AH.01.10-28159.year 2013 dated July 10, 2013.

Ruang lingkup kegiatan Perusahaan adalah pengembangan kota (urban development) yang meliputi pengembangan kawasan perumahan dan industri, pembangunan infrastruktur dan fasilitas umum, penyediaan jasa-jasa pendukung, serta melakukan investasi, baik langsung dan tidak langsung melalui entitas anak maupun patungan dengan pihak-pihak lain. Pada saat ini

kegiatan Perusahaan terutama adalah

The Company's scope of activities relates to urban development which includes development of residential and industry area, building infrastructure and public facility, providing support services, direct or indirect investments through subsidiaries or joint investment with other parties. The Company is currently engaged in developing residential areas in South Jakarta and Tangerang and managing commercial properties. The

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d1/31 Maret 2016 6 paraf/sign:

pembangunan perumahan di daerah Jakarta Selatan dan Tangerang dan pengelolaan usaha properti. Kegiatan usaha tersebut meliputi pembebasan tanah, pengembang real estate, persewaan pusat perbelanjaan dengan proyek Bintaro Jaya, Graha Raya, Bintaro Trade Center, Plaza Bintaro Jaya, Plaza Slipi Jaya, Pasar Senen V, Pusat Grosir Senen Jaya, Jembatan Multiguna Senen Jaya, Bintaro Jaya Xchange, Pasar Modern dan Pengelola Kawasan Bintaro serta melakukan investasi pada entitas anak dan asosiasi.

business activities include land acquisition, real estate developers, shopping center rental to Bintaro Jaya project, Graha Raya, Bintaro Trade Center, Plaza Bintaro Jaya, Plaza Slipi Jaya, Pasar Senen V, Pusat Grosir Senen Jaya, Jembatan Multiguna Senen Jaya, Bintaro Jaya Xchange, Pasar Modern and Pengelola Kawasan Bintaro and investing in subsidiaries and associates.

Kantor Perusahaan terletak di CBD Emerald Blok CE/A No. 1, Boulevard Bintaro Jaya Tangerang – 15227, Banten, Indonesia. Perusahaan mulai beroperasi secara komersial sejak tahun 1980.

The office of the Company is located at CBD Emerald Block CE/A No. 1, Boulevard Bintaro Jaya Tangerang – 15227, Banten, Indonesia. The Company started its commercial operations in 1980.

PT Pembangunan Jaya, pemegang saham mayoritas Perusahaan, merupakan Perusahaan yang 40% sahamnya dimiliki oleh Pemerintah Provinsi DKI Jakarta dan 60% sahamnya dimiliki oleh pihak swasta. Perusahaan adalah anggota kelompok usaha Pembangunan Jaya.

PT Pembangunan Jaya, majority shareholder, is 40% owned by DKI Jakarta Provincial Government and 60% owned by private entities. The Company is a member of Pembangunan Jaya Group.

1.b. Penawaran Umum Efek Perusahaan

Pada tanggal 2 Juni 1994, Perusahaan memperoleh pernyataan efektif dari Ketua Badan Pengawas Pasar Modal (Bapepam) dengan Surat Keputusan No. S-1008/PM/1994 untuk

melakukan penawaran umum perdana

35.000.000 saham dengan nilai nominal Rp 1.000 (angka penuh) per saham kepada masyarakat melalui pasar modal dengan harga Rp 5.200 (angka penuh) per saham. Pencatatan saham dilakukan di Bursa Efek Jakarta pada tanggal 29 Juni 1994. Bersamaan dengan pencatatan saham-saham tersebut, seluruh saham milik pemegang saham lama sejumlah 200.000.000 saham juga turut dicatatkan (Company Listing), sehingga pada tanggal tersebut seluruh saham Perusahaan atau sejumlah 235.000.000 saham telah dicatatkan pada Bursa Efek Jakarta.

1.b. Public Offering of the Company's Shares

On June 2, 1994, the Company was notified by the Chairman of Capital Market Supervisory Board (Bapepam) in its Decree No. S-1008/PM/1994 to implement the initial public offering of its 35,000,000 ordinary shares with par value of Rp 1,000 (full amount), the shares were offered to public through capital market at a price of Rp 5,200 (full amount) per share. The shares were listed at the Jakarta Stock Exchange on June 29, 1994. Concurrently with the listing of those shares, the remaining 200,000,000 shares held by the existing shareholders were also listed (Company Listing), therefore since the date of listing, the entire shares of the Company totaling 235,000,000 shares had been effectively listed at the Jakarta Stock Exchange.

Berdasarkan Rapat Umum Pemegang Saham Luar Biasa yang dituangkan dalam akta No. 41 dan No. 42 tanggal 8 Mei 1996, dari Sutjipto, SH, pada waktu itu notaris di Jakarta, para pemegang saham menyetujui pemecahan nilai nominal saham (stock split) dari Rp 1.000 (angka penuh) per saham menjadi Rp 500 (angka penuh) per saham. Pemecahan nilai nominal saham ini telah

Based on the Extraordinary General Meeting of Shareholders as stated in the notarial deed No. 41 and No. 42 dated May 8, 1996 of Sutjipto, SH, at that time a notary in Jakarta, the shareholders had agreed to initiate stock split on the par value of share, previously from of Rp 1,000 (full amount) per share to become Rp 500 (full amount) per share. The stock split on the par value of shares

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memperoleh persetujuan dari Menteri Kehakiman Republik Indonesia dengan Surat Keputusan No. C2-7844. HT.01.04.TH.96 tanggal 20 Juni 1996 dan diumumkan dalam Berita Negara No 32 tanggal 22 April 1997, Tambahan No. 1559. Dengan demikian, jumlah saham Perusahaan yang tercatat di Bursa Efek Jakarta meningkat dari 235.000.000 saham menjadi 470.000.000 saham.

was approved by the Minister of Law in his decree No. C2-7844.HT.01.04.TH.96 dated June 20, 1996 and was published in State Gazette No. 32 dated April 22, 1997, Supplement No. 1559. Consequently, the numbers of outstanding shares of the Company being listed at the Jakarta Stock Exchange was increased from 235,000,000 shares to 470,000,000 shares.

Pada tanggal 30 September 2005, Perusahaan memperoleh Surat Persetujuan dari Direksi PT Bursa Efek Jakarta melalui Surat No.

S-1219/BEJ-PSJ/09-2005, untuk melakukan

pencatatan saham konversi obligasi Perusahaan Tanpa Hak Memesan Efek Terlebih Dahulu sebesar 80.000.000 saham, dengan nilai nominal Rp 500 (angka penuh) per saham, dan harga konversi Rp 1.900 (angka penuh) per saham. Pada tanggal 6 Oktober 2005, semua saham dari konversi obligasi Perusahaan tersebut telah dicatatkan pada Bursa Efek Jakarta, dengan demikian efektif sejak tanggal tersebut, seluruh saham Perusahaan yang tercatat di Bursa Efek Jakarta menjadi 550.000.000 saham.

On September 30, 2005, the Company had granted approval from the Directors of Jakarta Stock Exchange through Letter No. S-1219/BEJ-PSJ/09-2005, to execute share listing from the conversion of the Company’s bonds without preemptive rights amounted to 80,000,000 shares, at par value of Rp 500 (full amount) per share, and at conversion price of Rp 1,900 (full amount) per share. On October 6, 2005, all shares resulting from bonds conversion were listed at the Jakarta Stock Exchange, effectively since the respective date, all of the Company’s shares being listed at the Jakarta Stock Exchange had become 550,000,000 shares.

Berdasarkan Rapat Umum Pemegang Saham Luar Biasa yang dituangkan dalam akta No. 74 tanggal 11 Mei 2006 dari Sutjipto, SH, notaris di Jakarta, para pemegang saham telah menyetujui pemecahan nilai nominal saham (stock split) dari Rp 500 (angka penuh) per saham menjadi Rp 100 (angka penuh) per saham. Pemecahan nilai nominal saham ini telah dilaporkan dan diterima oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat

Keputusan No. C-19894.HT.01.04.TH.2006

tanggal 7 Juli 2006. Pemecahan saham tersebut dilaksanakan oleh PT Kustodian Sentral Efek Indonesia dan PT Adimitra Transferindo, dengan tanggal pencatatan 16 Agustus 2006 dan tanggal distribusi 22 Agustus 2006. Efektif sejak tanggal pencatatan tersebut, seluruh saham Perusahaan yang tercatat di Bursa Efek Indonesia (dahulu Bursa Efek Jakarta) meningkat dari 550.000.000 saham menjadi 2.750.000.000 saham.

Based on the Extraordinary General Meeting of Shareholders as stated in the notarial deed No. 74 dated May 11, 2006 of Sutjipto, SH, a notary in Jakarta, the shareholders had agreed to initiate stock split on the par value of share, previously from Rp 500 (full amount) per share to become Rp 100 (full amount) per share. The stock split action on the par value of shares had been reported to and acknowledged by the Minister of Law and Human Rights in his decree No. C-19894.HT.01.04.TH. 2006 dated July 7, 2006. The stock split was executed by PT Kustodian Sentral Efek Indonesia and PT Adimitra Transferindo, with date of recording was on August 16, 2006 and date of distribution on August 22, 2006. Effectively, as of the date of recording, all of the Company’s ordinary shares being listed at Indonesia Stock Exchange (formerly the Jakarta Stock Exchange) had been increased from 550,000,000 shares to 2,750,000,000 shares.

Berdasarkan Keputusan Rapat Umum

Pemegang Saham Luar Biasa (RUPSLB) yang dituangkan dalam Akta Pernyataan Keputusan Rapat Perubahan Anggaran Dasar No.18 tanggal 4 Juni 2013 yang dibuat di hadapan Aryanti Artisari, SH, M.Kn notaris di Jakarta, para pemegang saham Perusahaan telah menyetujui

Based on the Extraordinary General Meeting of Shareholders as stated in notarial deed Statement of Changes of Article Association No. 18 dated June 4, 2013 of Aryanti Artisari, SH, M.Kn, a notary in Jakarta, the shareholders had agreed to initiate stock split on the par value of share, previously from Rp100 (full amount) per share to

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pemecahan nominal (stock split) saham dari Rp100 (angka penuh) per saham menjadi Rp20 (angka penuh) per saham. Pemecahan nilai nominal saham ini telah dilaporkan dan diterima oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. AHU-AH.01.10-28159.Tahun 2013 tanggal 10 Juli 2013. Pemecahan saham tersebut dilaksanakan oleh PT Kustodian Sentral Efek Indonesia dan PT Adimitra Transferindo, dengan tanggal pencatatan 12 Agustus 2013 dan tanggal distribusi 12 Agustus 2013. Efektif sejak tanggal pencatatan tersebut, seluruh saham Perusahaan yang tercatat di Bursa Efek Indonesia (dahulu

Bursa Efek Jakarta) meningkat dari

2.750.000.000 saham menjadi 13.750.000.000 saham.

become Rp20 (full amount) per share. The stock split action on the par value of shares had been reported to and acknowledged by the Minister of Law and Human Rights in his decree No. AHU-AH.01.10-28159.year 2013 dated July 10, 2013. The stock split was executed by PT Kustodian Sentral Efek Indonesia and PT Adimitra Transferindo, with date of recording was on August 12, 2013 and date of distribution on August 12, 2013. Effectively, as of the date of recording, all of the Company’s ordinary shares being listed at Indonesia Stock Exchange (formerly the Jakarta Stock Exchange) had been increased from 2,750,000,000 shares to 13,750,000,000 shares.

1.c. Struktur Entitas Anak

Perusahaan memiliki baik secara langsung maupun tidak langsung lebih dari 50% saham entitas-entitas anak dan/atau mempunyai kendali atas manajemen entitas anak. Penyertaan saham pada entitas anak pada tanggal 31 Desember 2015 dan 2014 adalah sebagai berikut:

1.c. The Structure of Subsidiaries

The Company owns directly and indirectly more than 50% of subsidiaries shares and/or have control over the management of the subsidiaries. Investment in shares of subsidiaries as of December 31, 2015 and 2014 are as follows:

Kegiatan Usaha Utama/ Lokasi Tahun

Primary Activities Domisili/ Beroperasi

Domicile Komersil/

Year of

Commercial 2015 2014 2015 2014

Operation % % Rp Rp

PT Jaya Sarana Pratama Pembangunan dan Jasa/ Tangerang -- 60.00 60.00 89,551,221 99,622,537 Development and Services

PT Primainti Permata Pembangunan dan Jasa/ Tangerang 2012 100.00 100.00 217,086,330 136,114,454 Development and Services

PT Jaya Mitra Sarana Pembangunan dan Jasa/ Tangerang 2010 54.20 54.20 22,043,788 18,875,733 Development and Services

PT Jaya Properti Fatmawati Pembangunan dan Jasa/ Jakarta -- 100.00 100.00 55,651,470 55,493,758 Development and Services

PT Jaya Properti Simatupang Pembangunan dan Jasa/ Tangerang -- 100.00 100.00 50,286,789 50,167,689 Development and Services

PT Jaya Citra Hotel Perhotelan/Hotels Tangerang 2015 55.00 55.00 61,462,410 21,293,851 PT Jaya Letris Properti Pembangunan dan Jasa/ Tangerang -- 60.00 60.00 101,487,054 100,630,499

Development and Services

PT Jaya Gardenpolis dan Real Estat/Real Estate Tangerang 1996 84.00 84.00 715,386,674 599,168,122 Entitas Anak/Subsidiaries :

PT Rifi Permata Perdagangan Umum dan Tangerang -- 100.00 100.00 11,546,907 11,546,907 Jasa Konstruksi/

General Trading and Construction Services

PT Intigraha Perdagangan Umum dan Tangerang -- 100.00 100.00 71,383,000 71,383,000

Citrasejahtera Real Estat/

General Trading and Real Estate

PT Sinarmulia Perdagangan Umum dan Tangerang -- 100.00 100.00 91,639,811 82,015,000

Binapersada Jasa Konstruksi/

PT Shinta Tangerang Perdagangan Umum dan Tangerang -- 100.00 100.00 1,266,907 1,266,907

Abadi Real Estat/

Total Aset/ Entitas Anak/Subsidiaries

(Direct and Indirect)

Persentase Kepemilikan

Percentage of Ownership

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Kegiatan Usaha Utama/ Lokasi Tahun

Primary Activities Domisili/ Beroperasi

Domicile Komersil/ Year of Commercial 2015 2014 2015 2014 Operation % % Rp Rp Total Aset/ Entitas Anak/Subsidiaries

(Direct and Indirect)

Persentase Kepemilikan

Percentage of Ownership

(Langsung dan Tidak Langsung)/ Total Assets

PT Alamanda Permata Real Estat/Real Estate Tangerang -- 100.00 100.00 6,752,755 5,579,000 PT Loji Elok Real Estat/Real Estate Tangerang -- 100.00 100.00 5,519,700 5,516,000 PT Sanggar Idaman Real Estat/Real Estate Tangerang -- 100.00 100.00 6,566,246 5,596,000 PT Sanggar Rejeki Jasa Konstruksi dan Tangerang -- 100.00 100.00 17,380,883 15,935,000

Usaha Gedung/ Construction Services and Building Management

PT Sanggar Kejora Real Estat/Real Estate Tangerang -- 100.00 100.00 27,625,700 27,622,000 PT Anugerah Tangerang Perdagangan Umum dan Tangerang -- 100.00 100.00 3,949,875 3,946,000

Indah Real Estat/

PT Anugerah Melosia Perdagangan Umum dan Jakarta -- 100.00 100.00 25,000 25,000

Indah Real Estat/

PT Delta Cendana Perdagangan Umum dan Tangerang -- 100.00 100.00 111,593,392 76,966,460

Citrapersada Real Estat/

PT Anugerah Tangerang Perdagangan Umum dan Tangerang -- 100.00 100.00 3,949,875 3,946,000

Abadi Real Estat/

PT Shinta Pratiwi Perdagangan Umum dan Tangerang -- 100.00 100.00 25,000 25,000

Dinamika Jasa Transportasi/

General Trading and ###########

Transportation Services

PT Tomang Karya Perdagangan Umum dan Tangerang -- 100.00 100.00 12,500 12,500

Pratama Jasa Konstruksi/

PT Jaya Gardenpolis (JGP)

Berdasarkan Keputusan Rapat Pemegang Saham JGP yang termuat dalam akta No. 3 tanggal 15 Januari 2015, yang dibuat oleh Aloysius Maria Jasin, SH, notaris di Tangerang Selatan, para pemegang saham JGP menyetujui

untuk melakukan peningkatan modal

ditempatkan dan disetor sebesar Rp12.875.000 sehingga menjadi sebesar Rp472.875.000. Atas peningkatan modal disetor tersebut, kepemilikan Perusahaan menjadi sebesar Rp397.215.000 atau 84 %. Akta tersebut telah memperoleh bukti lapor ke Menteri Hukum dan Hak Asasi Manusia dengan surat keputusan No. AHU-AH.01.03-0009690 pada tanggal 13 Februari 2015.

PT Jaya Gardenpolis (JGP)

Based on the Statement of General Meeting of Shareholders of JGP in the deed No.3 dated January 15, 2015 made by Aloysius Maria Jasin, SH, notary in South Tangerang, JGP shareholders approved to increase the authorized paid-up capital of Rp12,875,000 to become Rp472,875,000. As a result of the increase in paid-up capital, the Company's ownership becoming to Rp397,215,000 or 84%. The deed was registered to the Minister of Law and Human Rights with notification receipt No. AHU-AH.01.03-0009690 dated February 13, 2015.

Berdasarkan Keputusan Rapat Pemegang Saham JGP yang termuat dalam akta No. 91 tanggal 31 Desember 2015, yang dibuat oleh Aloysius Maria Jasin, SH, notaris di Tangerang Selatan, para pemegang saham JGP menyetujui

ditempatkan dan disetor sebesar Rp24.139.000 sehingga menjadi sebesar Rp497.014.000. Atas peningkatan modal disetor tersebut, kepemilikan

Based on the Statement of General Meeting of Shareholders of JGP in the deed No.91 dated December 31, 2015 made by Aloysius Maria Jasin, SH, notary in South Tangerang, JGP shareholders approved to increase the authorized paid-up capital of Rp24,139,000 to become Rp497,014,000. As a result of the increase in paid-up capital, the Company's ownership becoming to Rp417,492,000 or 84%. The deed

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Perusahaan menjadi sebesar Rp417.492.000 atau 84 %. Akta tersebut telah memperoleh bukti lapor ke Menteri Hukum dan Hak Asasi Manusia dengan surat keputusan No. AHU-AH.01.03-0008273 pada tanggal 29 Januari 2016.

was registered to the Minister of Law and Human Rights with notification receipt No. AHU-AH.01.03-0008273 dated January 29, 2016.

PT Jaya Sarana Pratama (JSP)

Berdasarkan Keputusan Rapat Pemegang Saham JSP yang termuat dalam akta No. 64 tanggal 30 Desember 2013, yang dibuat oleh Aloysius Maria Jasin, SH, notaris di Tangerang Selatan, para pemegang saham JSP menyetujui

ditempatkan dan disetor sebesar Rp13.000.000 sehingga menjadi sebesar Rp118.000.000. Atas peningkatan modal disetor tersebut, kepemilikan Perusahaan menjadi sebesar Rp70.800.000 atau 60%. Sampai dengan tanggal laporan keuangan, Akta tersebut telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-AH.01.10-20465 tanggal 12 Nopember 2014.

PT Jaya Sarana Pratama (JSP)

Based on the Statement of General Meeting of Shareholders of JSP in the deed No.64 dated December 30, 2013, made by Aloysius Maria Jasin, SH, notary in South Tangerang, JSP shareholders approved to increase the authorized paid-up capital of Rp13,000,000 to Rp118,000,000. As a result of the increase in paid-up capital, the Company's ownership becoming to Rp70,800,000 or 60%. The deed has been approved by the Minister of Law and Human Rights Republic of Indonesia No. AHU-AH.01.10-20465 dated November 12, 2014.

PT Jaya Mitra Sarana (JMS)

Berdasarkan Keputusan Rapat Pemegang Saham JMS yang termuat dalam akta No. 49 tanggal 30 Juli 2012, yang dibuat oleh Aloysius Maria Jasin, SH, notaris di Tangerang Selatan, para pemegang saham JMS menyetujui untuk

meningkatkan modal dasar sebesar

Rp10.000.000 sehingga menjadi sebesar

Rp20.000.000 dan peningkatan modal

ditempatkan dan disetor sebesar Rp 4.000.000 sehingga menjadi sebesar Rp13.000.000. Sampai dengan tanggal laporan keuangan, Akta tersebut telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-00509.AH.01.02.Tahun 2013 pada tanggal 4 Januari 2013.

PT Jaya Mitra Sarana (JMS)

Based on the Statement of General Meeting of Shareholders as stated in the notarial deed No. 49 dated July 30, 2012, of Aloysius Maria Jasin, SH, notary in South Tangerang, JMS shareholders approved to increase the authorized capital of Rp10,000,000 to become Rp20,000,000 and increase the issued and paid-in capital of Rp4,000,000 to become Rp13,000,000. The deed has been approved by the Minister of Law and Human Rights Republic of Indonesia No. AHU-00509.AH.01.02.Tahun 2013 dated January 4, 2013.

Perusahaan memiliki 6.500 saham atau sebesar Rp6.500.000 yang merupakan 50% kepemilikan Perusahaan pada JMS. JMS bergerak dalam

bidang usaha pembangunan dan jasa.

Sedangkan kepemilikan tidak langsung, melalui JGP dan MKR, penyertaan Perusahaan di JMS adalah sebesar 4,2%.

The Company owns 6,500 shares or Rp6,500,000 which represents 50% ownership in the JMS. JMS is engaged in the building development and services. Meanwhile, indirect ownership, through JGP and MKR, the Company's investment in JMS is 4.2%.

PT Primainti Permata (PP)

Berdasarkan akta Pernyataan Keputusan Rapat No. 56 tanggal 20 Desember 2012, yang dibuat di hadapan Aloysius Maria Jasin, SH, notaris di Tangerang Selatan, telah disetujui penambahan modal disetor sebesar Rp 10.000.000. Atas

PT Primainti Permata (PP)

Under the Deed of Statement of Meeting Resolution No. 56 dated December 20, 2012, in presence of Aloysius Maria Jasin, SH, notary in South Tangerang, have been approved the increase of paid-in capital amounting to

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peningkatan modal disetor tersebut, kepemilikan

Perusahaan pada PP menjadi sebesar

Rp80.919.000 atau 80.919 lembar saham atau 99,90% dan JGP menjadi sebesar Rp81.000 atau 81 lembar saham atau 0,10%. Akta tersebut telah memperoleh bukti lapor berdasarkan surat pemberitahuan Menteri Hukum dan Hak Asasi Manusia No. AHU-AH.01.10-41258 tanggal 9 Oktober 2013.

Rp 10,000,000. The increase in paid-in capital, causing the Company's ownership in PP becoming to Rp80,919,000 or 80,919 shares or 99.90% and JGP becoming to Rp81,000 or 81 shares, or 0.10%. The deed has obtained a notification receipt of the Minister of Law and Human Rights No. AHU-AH.01.10-41258 dated October 9, 2013.

PT Jaya Properti Fatmawati (JPF)

Berdasarkan akta Pernyataan Keputusan Rapat No. 34 tanggal 12 Juni 2015, yang dibuat di hadapan Aloysius Maria Jasin, SH, notaris di Tangerang Selatan, telah disetujui penambahan modal disetor sebesar Rp15.000.000. Atas peningkatan modal disetor tersebut, kepemilikan Perusahaan pada JPF menjadi sebesar Rp54.450.000 atau 54.450 lembar saham atau 99,90% dan PP menjadi sebesar Rp550.000 atau 550 lembar saham atau 0,10%. Akta tersebut telah memperoleh bukti lapor berdasarkan surat pemberitahuan Menteri Hukum dan Hak Asasi Manusia No. AHU-AH.01.03-0950629 tanggal 10 Juli 2015.

PT Jaya Properti Fatmawati (JPF)

Under the Deed of Statement of Meeting Resolution No. 34 dated June 12, 2015, in presence of Aloysius Maria Jasin, SH, notary in South Tangerang, have been approved the increase of paid-in capital amounting to Rp15,000,000. The increase in paid-in capital, causing the Company's ownership in JPF becoming to Rp54,450,000 or 54,450 shares or 99.90% and PP becoming to Rp550,000 or 550 shares, or 0.10%. The deed has obtained a notification receipt of the Minister of Law and Human Rights No. AHU-AH.01.03-0950629 dated July 10, 2015.

PT Jaya Properti Simatupang (JPS) PT Jaya Properti Simatupang (JPS)

JPS didirikan berdasarkan akta No. 19 tanggal 12 Nopember 2012 yang dibuat di hadapan Aloysius M .Jasin, SH, notaris di Tangerang Selatan. Akta tersebut telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi

Manusia Republik Indonesia No.

AHU-66384.AH.01.01 Tahun 2012 tanggal

28 Desember 2012. JPS bergerak dalam bidang usaha pembangunan, perdagangan umum dan jasa

JPF was established by deed No. 19 dated November 12, 2012 in presence of Aloysius M. Jasin, SH, notary in South Tangerang. The deed has been approved by the Minister of Law and Human Rights Republic of Indonesia No. AHU-66384.AH.01.01.Tahun 2012 dated December 28, 2012. JPS is engaged in development, general trading and services.

Perusahaan memiliki 49.500 lembar saham atau sebesar Rp49.500.000 yang merupakan 99% kepemilikan Perusahaan pada JPS dan PP, entitas anak, memiliki 500 lembar saham atau sebesar Rp500.000 yang merupakan 1% kepemilikan di JPS.

The Company owns 49,500 shares or Rp49,500,000 represents 99% ownership in JPS and PP, subsidiary, owns 500 shares or Rp500,000 represents 1% ownership in JPS.

PT Jaya Citra Hotel (JCH) PT Jaya Citra Hotel (JCH)

Berdasarkan akta Pernyataan Keputusan Para Pemegang Saham No. 30 tanggal 22 Oktober 2015, yang dibuat di hadapan Aloysius Maria Jasin, SH, notaris di Tangerang Selatan, telah disetujui penambahan modal disetor sebesar Rp8.000.000. Atas peningkatan modal disetor tersebut, kepemilikan Perusahaan pada JCH menjadi sebesar Rp15.400.000 atau 15.400

Under the Deed of Statement of Meeting Shareholder No. 30 dated October 22,2015 in presence of Aloysius Maria Jasin, SH, notary in South Tangerang, have been approved the increase of paid-in capital amounting to Rp8,000,000. The increase in paid-in capital, causing the Company's ownership in JCH becoming Rp15,400,000 or 15,400 shares. The

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lembar saham atau 55%. Akta tersebut telah memperoleh bukti lapor berdasarkan surat pemberitahuan Menteri Hukum dan Hak Asasi Manusia No. AHU-AH.01.03-0976418 tanggal 30 Oktober 2015.

deed has obtained a notification receipt baesd on letter of the Minister of Law and Human Rights No. AHU-AH.01.03-0976418 dated October 30, 2015.

PT Jaya Letris Properti (JLP) PT Jaya Letris Properti (JLP)

JLP didirikan berdasarkan akta No. 2 tanggal 1 Oktober 2013 yang dibuat di hadapan Eny Sulaksono, SH, notaris di Tangerang Selatan. Akta tersebut telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-58670.AH.01.01 Tahun 2013 tanggal 14 November 2013. JLP bergerak dalam bidang pembangunan dan jasa.

JLP was established by deed No. 2 dated October 1, 2013 in presence of Eny Sulaksono, SH, notary in South Tangerang. The deed has been approved by the Minister of Law and Human Rights Republic of Indonesia No. AHU-58670.AH.01.01.Tahun 2013 dated November 14, 2013. JLP is engaged in development and service..

Perusahaan memiliki 60.000 lembar saham atau sebesar Rp60.000.000 yang merupakan 60% kepemilikan Perusahaan pada JLP.

The Company owns 60,000 shares or Rp60,000,000 represents 60% ownership in JLP.

PT Rifi Permata (RP) PT Rifi Permata (RP)

Berdasarkan Akta Pernyataan Keputusan Para Pemegang Saham No. 18 tanggal 21 Januari 2015, yang dibuat di hadapan Aloysius Maria Jasin, SH, notaris di Tangerang Selatan, telah disetujui peningkatan modal dasar dari

Rp1.000.000 menjadi Rp11.600.000 dan

peningkatan modal ditempatkan dan disetor dari Rp300.000 menjadi Rp11.547.000. Sehingga kepemilikan JGP, entitas anak pada RP menjadi

11.543 lembar saham atau sebesar

Rp11.543.000 atau 99,97% dan DC, entitas anak JGP menjadi 4 lembar saham atau sebesar Rp4.000 atau 0.03% pada RP. Akta tersebut telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-0002606.AH.01.02.Tahun 2015 tanggal 18 Februari 2015.

Under the Deed of Statement of Meeting Shareholder No. 18 dated January 21,2015 in presence of Aloysius Maria Jasin, SH, notary in South Tangerang, the shareholders had agreed to increase authorized capital from Rp1,000,000 become Rp11,600,000 and approved to increase the issued and paid-in capital of Rp300,000 become Rp11,547,000. Therefore the ownership of JGP, subsidiary in RP becoming 11,543 shares or amounting Rp11,543,000 represents 99,97% and DC, subsidiary of JGP becoming 4 shares or amounting Rp4,000 or 0,03% ownership in RP. The deed has been approved by the Minister of Law and Human Rights Republic of Indonesia No. AHU-0002606.Ah.01.02.Tahun 2015 dated February 18, 2015.

PT Intigraha Citrasejahtera (IC) PT Intigraha Citrasejahtera (IC)

Rp1.000.000 menjadi Rp72.000.000 dan

peningkatan modal ditempatkan dan disetor dari Rp250.000 menjadi Rp71.383.000. Sehingga kepemilikan JGP, entitas anak pada IC menjadi

Rp71.380.000 atau 99,99% dan DC, entitas anak JGP menjadi 3 lembar saham atau sebesar Rp3.000 atau 0.01% pada IC. Akta tersebut telah mendapat pengesahan dari Menteri Hukum

Under the Deed of Statement of Meeting Shareholder No. 16 dated January 21,2015 in presence of Aloysius Maria Jasin, SH, notary in South Tangerang, the shareholders had agreed to increase authorized capital from Rp1,000,000 become Rp72,000,000 and approved to increase the issued and paid-in capital of Rp250,000 become Rp71,383,000. Therefore the ownership of JGP, subsidiary in IC becoming 71,380 shares or amounting Rp71,380,000 represents 99,99% and DC, subsidiary of JGP becoming 3 shares or Rp3,000 or 0,01% ownership in IC. The deed has been approved by the Minister of Law and Human Rights Republic of Indonesia

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dan Hak Asasi Manusia Republik Indonesia No. AHU 0002604.AH.01.02.Tahun 2015 tanggal 18 Februari 2015.

No. AHU-0002604.AH.01.02.Tahun 2015 dated February 18, 2015.

PT Sinarmulia Binapersada (SB) PT Sinarmulia Binapersada (SB)

Rp200.000 menjadi Rp85.000.000 dan

peningkatan modal ditempatkan dan disetor dari Rp140.000 menjadi Rp82.015.000. Sehingga kepemilikan JGP, entitas anak pada SB menjadi

Rp82.012.000 atau 99,99% dan DC, entitas anak JGP menjadi 3 lembar saham atau Rp3.000 atau 0.01% pada SB. Akta tersebut telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi

Manusia Republik Indonesia No.

AHU-0002622.AH.01.02.Tahun 2015 tanggal

18 Februari 2015.

Under the Deed of Statement of Meeting Shareholder No. 23 dated January 21,2015 in presence of Aloysius Maria Jasin, SH, notary in South Tangerang, the shareholders had agreed to increase authorized capital from Rp200,000 become Rp85,000,000 and approved to increase the issued and paid-in capital of Rp140,000 become Rp82,015,000. Therefore the ownership of JGP, subsidiary in SB becoming 82,012 shares or amounting Rp82,012,000 represents 99,99% and DC, subsidiary of JGP becoming 3 shares or Rp3,000 or 0,01% ownership in SB. The deed has been approved by the Minister of Law and Human Rights Republic of Indonesia No. AHU-0002622.AH.01.02.Tahun 2015 dated February 18, 2015.

PT Shinta Tangerang Abadi (STA) PT Shinta Tangerang Abadi (STA)

peningkatan modal ditempatkan dan disetor dari Rp40.000 menjadi Rp1.267.000. Sehingga kepemilikan JGP, entitas anak pada STA menjadi 12.665 lembar saham atau sebesar Rp1.266.500 yang merupakan 99,99% dan DC, entitas anak dari JGP menjadi 5 lembar saham atau sebesar Rp500 atau 0,01% pada STA. Akta tersebut telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-0002605.AH.01.02.Tahun 2015 tanggal 18 Februari 2015.

Under the Deed of Statement of Meeting Shareholder No. 22 dated January 21,2015 in presence of Aloysius Maria Jasin, SH, notary in South Tangerang, the shareholders had agreed to increase authorized capital from Rp100,000 become Rp1,500,000 and approved to increase the issued and paid-in capital of Rp40,,000 become Rp1,267,000. Therefore the ownership of JGP, subsidiary in STA becoming 12,665 shares or amounting Rp1,266,500 represents 99.99% and DC, subsidiary of JGP becoming 5 shares or Rp500 or 0.01% ownership in STA. The deed has been approved by the Minister of Law and Human Rights Republic of Indonesia No. AHU-0002605.AH.01.02.Tahun 2015 dated February 18, 2015.

PT Alamanda Permata (AP) PT Alamanda Permata (AP)

peningkatan modal ditempatkan dan disetor dari Rp25.000 menjadi Rp5.579.000. Sehingga kepemilikan JGP, entitas anak pada AP menjadi 55.784 lembar saham atau sebesar Rp5.578.400 yang merupakan 99,99% dan DC, entitas anak

Under the Deed of Statement of Meeting Shareholder No. 13 dated January 21,2015 in presence of Aloysius Maria Jasin, SH, notary in South Tangerang, the shareholders had agreed to increase authorized capital from Rp100,000 become Rp6,000,000 and approved to increase the issued and paid-in capital of Rp25,000 become Rp5,579,000. Therefore the ownership of JGP, subsidiary in AP becoming 55,784 shares or amounting Rp5,578,400 represents 99.99% and DC, subsidiary of JGP becoming 6 shares or

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dari JGP menjadi 6 lembar saham atau sebesar Rp600 atau 0,01% pada AP. Akta tersebut telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-0002612.AH.01.02.Tahun 2015 tanggal 18 Februari 2015.

amounting Rp600 or 0.01% ownership in AP. The deed has been approved by the Minister of Law and Human Rights Republic of Indonesia No. AHU-0002612.AH.01.02.Tahun 2015 dated February 18, 2015.

PT Loji Elok (LE) PT Loji Elok (LE)

peningkatan modal ditempatkan dan disetor dari Rp25.000 menjadi Rp5.516.000. Sehingga kepemilikan JGP, entitas anak pada LE menjadi 55.156 lembar saham atau sebesar Rp5.515.600 yang merupakan 99,99% dan DC, entitas anak dari JGP menjadi 4 lembar saham atau sebesar Rp400 atau 0,01% pada LE. Akta tersebut telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-0002619.AH.01.02.Tahun 2015 tanggal 18 Februari 2015.

Under the Deed of Statement of Meeting Shareholder No. 17 dated January 21,2015 in presence of Aloysius Maria Jasin, SH, notary in South Tangerang, the shareholders had agreed to increase authorized capital from Rp100,000 become Rp6,000,000 and approved to increase the issued and paid-in capital of Rp25,000 become Rp5,516,000. Therefore the ownership of JGP, subsidiary in LE owns 55,156 shares or amounting Rp5,515,600 represents 99.99% and DC, subsidiary of JGP becoming 4 shares or amounting Rp400 or 0.01% ownership in LE. The deed has been approved by the Minister of Law and Human Rights Republic of Indonesia No. AHU-0002619.AH.01.02.Tahun 2015 dated February 18, 2015.

PT Sanggar Idaman (SI) PT Sanggar Idaman (SI)

peningkatan modal ditempatkan dan disetor dari Rp25.000 menjadi Rp5.596.000. Sehingga kepemilikan JGP, entitas anak pada SI menjadi 55.954 lembar saham atau sebesar Rp5.594.400 yang merupakan 99,99% dan DC, entitas anak dari JGP menjadi 6 lembar saham atau sebesar Rp600 atau 0,01% pada SI. Akta tersebut telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-0002618.AH.01.02.Tahun 2015 tanggal 18 Februari 2015.

Under the Deed of Statement of Meeting Shareholder No. 19 dated January 21,2015 in presence of Aloysius Maria Jasin, SH, notary in South Tangerang, the shareholders had agreed to increase authorized capital from Rp100,000 become Rp6,000,000 and approved to increase the issued and paid-in capital of Rp25,000 become Rp5,596,000. Therefore the ownership of JGP, subsidiary in SI becoming 55,594 shares or amounting Rp5,594,400 represents 99.99% and DC, subsidiary of JGP becoming 6 shares or amounting Rp600 or 0.01% ownership in SI. The deed has been approved by the Minister of Law and Human Rights Republic of Indonesia No. AHU-0002618.AH.01.02.Tahun 2015 dated February 18, 2015.

PT Sanggar Rejeki (SR) PT Sanggar Rejeki (SR)

peningkatan modal ditempatkan dan disetor dari Rp25.000 menjadi Rp15.935.000. Sehingga

Under the Deed of Statement of Meeting Shareholder No. 21 dated January 21,2015 in presence of Aloysius Maria Jasin, SH, notary in South Tangerang, the shareholders had agreed to increase authorized capital from Rp100,000 become Rp16,000,000 and approved to increase the issued and paid-in capital of Rp25,000 become Rp15,935,000. Therefore the ownership

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kepemilikan JGP, entitas anak pada SR menjadi

Rp15.934.600 yang merupakan 99,99% dan DC, entitas anak dari JGP menjadi 4 lembar saham atau sebesar Rp400 atau 0,01% pada SR. Akta tersebut telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-0002617.AH.01.02.Tahun 2015 tanggal 18 Februari 2015.

of JGP, subsidiary in SR becoming 159,346 shares or amounting Rp15,934,600 represents 99.99% and DC, subsidiary of JGP becoming 4 shares or amounting Rp400 or 0.01% ownership in SR. The deed has been approved by the Minister of Law and Human Rights Republic of Indonesia No. AHU-0002617.AH.01.02.Tahun 2015 dated February 18, 2015.

PT Sanggar Kejora (SK) PT Sanggar Kejora (SK)

peningkatan modal ditempatkan dan disetor dari Rp25.000 menjadi Rp27,622.000. Sehingga kepemilikan JGP, entitas anak menjadi 276.214 lembar saham atau sebesar Rp27.621.400 yang merupakan 99,99% dan DC, entitas anak dari JGP menjadi 6 lembar saham atau sebesar Rp600 atau 0,01% pada SK. Akta tersebut telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-0002601.AH.01.02.Tahun 2015 tanggal 18 Februari 2015.

Under the Deed of Statement of Meeting Shareholder No. 20 dated January 21, 2015 in presence of Aloysius Maria Jasin, SH, notary in South Tangerang, the shareholders had agreed to increase authorized capital from Rp100,000 become Rp28,000,000 and approved to increase the issued and paid-in capital of Rp25,000 become Rp27,622,000. Therefore the ownership of JGP, subsidiary owns 276,214 shares or amounting Rp27,621,400 represents 99.99% and DC, subsidiary of JGP becoming 6 shares or amounting Rp600 or 0.01% ownership in SK. The deed has been approved by the Minister of Law and Human Rights Republic of Indonesia No. AHU-0002601.AH.01.02.Tahun 2015 dated February 18, 2015.

PT Anugerah Tangerang Indah (ATI) PT Anugerah Tangerang Indah (ATI)

peningkatan modal ditempatkan dan disetor dari Rp25.000 menjadi Rp3.946.000. sehingga kepemilikan JGP, entitas anak pada ATI menjadi 3.944 lembar saham atau sebesar Rp3.944.000 yang merupakan 99,95% dan DC, entitas anak dari JGP menjadi 2 lembar saham atau sebesar Rp2.000 atau atau 0,05% pada ATI. Akta tersebut telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-0002614.AH.01.02.Tahun 2015 tanggal 18 Februari 2015.

Under the Deed of Statement of Meeting Shareholder No. 14 dated January 21,2015 in presence of Aloysius Maria Jasin, SH, notary in South Tangerang, the shareholders had agreed to increase authorized capital from Rp100,000 become Rp4,500,000 and approved to increase the issued and paid-in capital of Rp25,000 become Rp3,946,000. Therefore the ownership of JGP, subsidiary in ATI owns 3,944 shares or amounting Rp3,944,000 represents 99.95% and DC, subsidiary of JGP becoming 2 shares or amounting Rp2,000 or 0.05% ownership in ATI. The deed has been approved by the Minister of Law and Human Rights Republic of Indonesia No. AHU-0002614.AH.01.02.Tahun 2015 dated February 18, 2015.

PT Deltacendana Citrapersada (DC) PT Deltacendana Citrapersada (DC)

Under the Deed of Statement of Meeting Shareholder No. 15 dated January 21,2015 in presence of Aloysius Maria Jasin, SH, notary in South Tangerang, the shareholders had agreed to increase authorized capital from Rp100,000