PT Dian Swastatika Sentosa Tbk dan Entitas Anak/and Its Subsidiaries

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1 Januari 2013/31 Desember 2012

serta untuk Periode-periode Sembilan Bulan yang Berakhir

30 September 2014 dan 2013/

As of September 30, 2014, December 31, 2013 and

January 1, 2013/December 31, 2012 and

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Sembilan Bulan yang Berakhir 30 September 2014 dan 2013/

The Directors’ Statement on the Responsibility for the Interim Consolidated Financial Statements of PT Dian Swastatika Sentosa Tbk and Its Subsidiaries as of September 30, 2014, December 31, 2013 and January 1, 2013/December 31, 2012 and for the Nine-Month Periods Ended September 30, 2014 and 2013

LAPORAN KEUANGAN KONSOLIDASIAN INTERIM - Pada Tanggal 30 September 2014,

31 Desember 2013 dan 1 Januari 2013/31 Desember 2012 serta untuk Periode-periode Sembilan Bulan yang Berakhir 30 September 2014 dan 2013/

INTERIM CONSOLIDATED FINANCIAL STATEMENTS - As of September 30, 2014,

December 31, 2013 and January 1, 2013/December 31, 2012 and for the Nine-Month Periods Ended September 30, 2014 and 2013

Laporan Posisi Keuangan Konsolidasian Interim/Interim Consolidated Statements of

Financial Position

1

Laporan Laba Rugi Komprehensif Konsolidasian Interim/Interim Consolidated Statements of

Comprehensive Income 3

Laporan Perubahan Ekuitas Konsolidasian Interim/Interim Consolidated Statements of

Changes in Equity

4

Laporan Arus Kas Konsolidasian Interim/Interim Consolidated Statements of Cash Flows 5 Catatan atas Laporan Keuangan Konsolidasian Interim/Notes to Interim Consolidated

Financial Statements

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ASET LANCAR CURRENT ASSETS Kas dan setara kas 2,4,20,31,32 199,139,138 181,561,906 251,306,503 Cash and cash equivalents Investasi jangka pendek 2,5,10,11,20,31,32 4,035,703 12,495,855 82,327,392 Short-term investments

Piutang usaha 2,6,15,19,20,32 Trade accounts receivable

Pihak berelasi - setelah dikurangi cadangan

kerugian penurunan nilai sebesar Related parties - net of allowance for

US$ 46.132, US$ 46.185 dan impairment of US$ 46,132, US$ 46,185 and

US$ 41.197 masing-masing pada tanggal US$ 41,197 as of September 30, 2014,

30 September 2014, 31 Desember 2013 dan December 31, 2013 and January 1, 2013/

1 Januari 2013/31 Desember 2012 31 53,981,495 94,986,556 101,963,136 December 31, 2012, respectively Pihak ketiga - setelah dikurangi cadangan

kerugian penurunan nilai sebesar Third parties - net of allowance for impairment

US$ 390.656, US$ 391.134 dan of US$ 390,656, US$ 391,134 and

US$ 422.401 masing-masing pada tanggal US$ 422,401 as of September 30, 2014,

1 Januari 2013/31 Desember 2012 25,278,889 30,144,870 36,522,342 December 31, 2012, respectively

Piutang lain-lain 2,7,20,32 Other receivables

Pihak berelasi 31 384,226 535,977 479,132 Related parties

Pihak ketiga 9,211,076 5,219,741 26,004,186 Third parties

Persediaan - setelah dikurangi cadangan

kerugian penurunan nilai sebesar Inventories - net of allowance for decline

US$ 28.828, US$ 28.898 dan US$ 134.981 in value of US$ 28,828, US$ 28,898 and

masing-masing pada tanggal US$ 134,981 as of September 30, 2014,

1 Januari 2013/31 Desember 2012 2,8,15,19,31,39 38,587,933 56,426,342 54,339,811 December 31, 2012, respectively

Uang muka 9.33 28,026,076 18,809,758 23,535,643 Advances

Pajak dibayar dimuka 2 14,434,713 7,748,539 4,892,320 Prepaid taxes

Biaya dibayar dimuka dan aset lancar lainnya 2,31 2,296,261 3,194,199 2,196,374 Prepaid expenses and other current assets

Jumlah Aset Lancar 375,375,510 411,123,743 583,566,839 Total Current Assets

ASET TIDAK LANCAR NONCURRENT ASSETS

Piutang lain-lain jangka panjang - pihak ketiga 2,5,10,20,32,33 26,986,046 54,517,310 3,599,520 Long-term other receivables - third parties

Biaya dibayar dimuka jangka panjang 2 14,697,489 15,585,648 4,136,381 Long-term prepaid expenses

Taksiran tagihan pajak 2,29 6,090,476 11,558,793 11,759,749 Estimated claims for tax refund

Investasi jangka panjang 2,11,20,31,32 178,472,139 185,369,525 151,303,297 Long-term investments

Goodwill 2 776,126 777,590 980,102 Goodwill

Aset pajak tangguhan 2,29,39 12,962,381 11,978,707 10,045,124 Deferred tax assets

Properti investasi - setelah dikurangi Investment properties - net of accumulated

akumulasi penyusutan sebesar depreciation of US$ 305,772

US$ 305.772, US$ 269.550 dan US$ 221.246 US$ 269,550 and US$ 221,246

masing-masing pada tanggal as of September 30, 2014, December 31, 2013 and

30 September 2014, 31 Desember 2013 dan January 1, 2013/December 31, 2012,

1 Januari 2013/31 Desember 2012 2 4,415,649 4,451,878 4,500,182 respectively

Aset tetap - setelah dikurangi akumulasi Property, plant and equipment - net of

penyusutan sebesar US$ 281.476.445, accumulated depreciation of US$ 281,476,445,

US$ 262.353.582 dan US$ 239.535.776 US$ 262,353,582 and US$ 239,535,776

1 Januari 2013/31 Desember 2012 2,12,15,19,26,27,31 464,626,110 344,353,748 278,666,358 respectively

Aset pertambangan - setelah dikurangi Mine properties - net of

akumulasi amortisasi sebesar US$ 31.428.991, accumulated amortization of US$ 31,428,991,

US$ 23.436.890 dan US$ 14.935.572 US$ 23,436,890 and US$ 14,935,572

1 Januari 2013/31 Desember 2012 2,13,26,39 97,575,641 89,725,867 93,777,273 respectively Aset tidak lancar lain-lain 2,14,20,26,27,31,32,33 59,020,856 69,130,672 65,687,871 Other noncurrent assets

Jumlah Aset Tidak Lancar 865,622,913 787,449,738 624,455,857 Total Noncurrent Assets

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LIABILITAS LIABILITIES

LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Utang bank jangka pendek 2,6,8,12,15,20,32 15,911,231 12,050,782 15,000,000 Short-term bank loans

Utang usaha 2,16,20,32 Trade accounts payable

Pihak berelasi 31 7,028,175 2,530,656 3,908,403 Related parties

Utang lain-lain 2,17,20,32 Other accounts payable

Pihak berelasi 31 26,424 29,903 349,872 Related parties

Uang muka pelanggan 31 1,847,814 2,885,820 10,530,842 Advances from customers

Utang pajak 2,18,29 4,995,454 2,294,600 4,885,394 Taxes payable

Beban akrual 2,20,31,32 9,751,164 8,798,709 8,817,713 Accrued expenses

Liabilitas jangka panjang yang akan

jatuh tempo dalam waktu satu tahun: 2,12,20,32 Current portion of long-term liabilities:

Utang bank jangka panjang 6,8,12,19,31 29,818,809 37,924,074 34,800,949 Long-term bank loans

Sewa pembiayaan - 306,139 1,165,317 Lease liabilities

Jumlah Liabilitas Jangka Pendek 159,488,356 190,311,630 171,642,058 Total Current Liabilities

LIABILITAS JANGKA PANJANG NONCURRENT LIABILITIES

Liabilitas pajak tangguhan 2,29 20,049,090 20,243,458 21,002,454 Deferred tax liabilities

Uang muka pelanggan 33 4,840,706 4,112,000 2,306,180 Advances from customers Liabilitas imbalan kerja jangka panjang 2,27,28,32 7,243,286 6,391,447 7,233,922 Long-term employee benefits liabilities Liabilitas jangka panjang lainnya 2,20,32 36,917,142 10,257,494 1,364,617 Other noncurrent liabilities Liabilitas jangka panjang - setelah dikurangi

bagian yang akan jatuh tempo dalam

waktu satu tahun: 2,12,20,32 Long-term liabilities - net of current portion:

Utang bank jangka panjang 6,8,12,19,31 167,721,030 104,379,357 97,344,396 Long-term bank loans

Sewa pembiayaan - - 306,139 Lease liabilities

Jumlah Liabilitas Jangka Panjang 236,771,254 145,383,756 129,557,708 Total Noncurrent Liabilities

JUMLAH LIABILITAS 396,259,610 335,695,386 301,199,766 TOTAL LIABILITIES

EKUITAS EQUITY

Ekuitas yang Dapat Diatribusikan kepada Equity Attributable to Owners

Pemilik Entitas Induk of the Company

Modal saham - nilai nominal Rp 250 Capital stock - Rp 250 par value

per saham per share

Modal dasar - 2.400.000.000 saham Authorized - 2,400,000,000 shares

Modal ditempatkan dan disetor -

770.552.320 saham 21 72,498,628 72,498,628 72,498,628 Issued and paid-up - 770,552,320 shares

Tambahan modal disetor - bersih 2,22 10,371,267 10,371,267 10,371,267 Additional paid-in capital - net Transaksi dengan kepentingan

nonpengendali 1c,39 431,230,639 431,075,818 431,075,818 Transactions with non-controlling interests

Keuntungan yang belum direalisasi

atas kenaikan nilai investasi Unrealized gain on increase

tersedia untuk dijual 2,11 6,760,574 32,685,991 3,425,798 in value of available for sale investments

Selisih kurs penjabaran 2,39 (61,983,735) (60,539,077) (16,704,079) Foreign currency translation adjustment

Saldo laba Retained earnings

Telah ditentukan penggunaannya 23 400,000 400,000 300,000 Appropriated

Belum ditentukan penggunaannya 39 301,090,174 293,471,935 305,495,944 Unappropriated

760,367,547 779,964,562 806,463,376

Kepentingan Nonpengendali 2,24,39 84,371,266 82,913,533 100,359,554 Non-controlling Interests

JUMLAH EKUITAS 844,738,813 862,878,095 906,822,930 TOTAL EQUITY

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PENDAPATAN USAHA 430,152,566 2,25,31 437,956,408 REVENUES

BEBAN POKOK PENJUALAN 305,486,255 2,12,14,26,31,39 356,366,314 COST OF REVENUES

LABA KOTOR 124,666,311 81,590,094 GROSS PROFIT

BEBAN USAHA 2,27 OPERATING EXPENSES

Beban penjualan 76,604,366 12,14,31 32,406,554 Selling expenses

Beban umum dan administrasi 40,107,581 12,14,28,31,33 43,591,719 General and administrative expenses

Beban eksplorasi 62,059 252,217 Exploration costs

Jumlah Beban Usaha 116,774,006 76,250,490 Total Operating Expenses

LABA USAHA 7,892,305 5,339,604 INCOME FROM OPERATIONS

PENGHASILAN (BEBAN) LAIN-LAIN 2 OTHER INCOME (EXPENSES)

Pendapatan bunga 10,055,572 9,629,551 Interest income

Keuntungan (kerugian) selisih kurs

mata uang asing - bersih (97,428) (590,089) Gain (loss) on foreign exchange - net Kerugian atas penurunan aset keuangan - 5 (5,528,109) Loss on decline in fair value of financial asset Ekuitas pada rugi bersih ventura bersama (186,293) 11 - Share in net loss of joint venture

Beban bunga dan keuangan lainnya (8,130,532) (28,353,331) Interest expense and other financial charges

Lain-lain - bersih 2,215,639 4,898 Others - net

Penghasilan (Beban) Lain-lain - bersih 3,856,958 (24,837,080) Other Income (Expenses) - net

LABA SEBELUM PAJAK 11,749,263 (19,497,476) INCOME BEFORE TAX

BEBAN (PENGHASILAN) PAJAK 2,29 TAX EXPENSE (BENEFIT)

Kini 3,742,190 8,799,542 Current

Tangguhan (1,204,269) 39 (11,273,732) Deferred

Beban Pajak - Bersih 2,537,921 (2,474,190) Tax Expense - Net

LABA BERSIH PERIODE BERJALAN 9,211,342 (17,023,286) NET INCOME FOR THE PERIOD

LABA (RUGI) KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME (LOSS)

Selisih kurs karena penjabaran Foreign exchange differences arising from

laporan keuangan (1,601,263) 2 (50,712,692) financial statements translation Kerugian yang belum direalisasi atas

penurunan nilai investasi (25,925,417) 2,11 44,364,173 Unrealized loss on decline in value of investments

JUMLAH RUGI KOMPREHENSIF TOTAL COMPREHENSIVE LOSS

PERIODE BERJALAN (18,315,338) (23,371,805) FOR THE PERIOD

Laba bersih yang dapat diatribusikan

kepada: Net income attributable to:

Pemilik entitas induk 7,618,239 (22,328,869) Owners of the Company

Kepentingan nonpengendali 1,593,103 2 5,305,583 Non-controlling interests

9,211,342 (17,023,286)

Laba (rugi) komprehensif yang dapat

diatribusikan kepada: Comprehensive income (loss) attributable to:

Pemilik entitas induk (19,751,836) (13,505,091) Owners of the Company Kepentingan nonpengendali 1,436,498 2,24 (9,866,714) Non-controlling interests

(18,315,338)

(23,371,805)

LABA BERSIH PER SAHAM DASAR BASIC EARNINGS PER SHARE

DIATRIBUSIKAN KEPADA PEMILIK ATTRIBUTABLE TO OWNERS OF

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Modal Disetor/ Transactions with (Decline) in Value Foreign Currency Telah Ditentukan Belum Ditentukan Nonpengendali/

Catatan/ Modal Saham/ Additional Non-controlling of Available Translation Penggunaannya/ Penggunaannya/ Jumlah/ Non-controlling Jumlah Ekuitas/

Notes Capital Stock Paid-in Capital Interests For Sale Investments Adjustment Appropriated Unappropriated Total Interests Total Equity

Saldo pada tanggal 1 Januari 2013 Balance as of January 1, 2013

sebelum penyajian kembali 72,498,628 10,371,267 430,393,987 3,425,798 (15,365,344) 300,000 310,302,449 811,926,785 103,084,735 915,011,520 before restatement Dampak penerapan ISAK No. 29 2,39 - - 681,831 - (1,338,735) - (4,806,505) (5,463,409) (2,725,181) (8,188,590) Effect of adoption of ISAK No. 29 Saldo pada tanggal 1 Januari 2013

disajikan kembali 72,498,628 10,371,267 431,075,818 3,425,798 (16,704,079) 300,000 305,495,944 806,463,376 100,359,554 906,822,930 Balance as of January 1, 2013 as restated

Laba (rugi) komprehensif: Comprehensive income (loss):

Laba bersih periode berjalan - - - (22,328,869) (22,328,869) 5,305,583 (17,023,286) Net income for the period

Rugi komprehensif lain - - - 44,364,173 (35,540,395) - - 8,823,778 (15,172,297) (6,348,519) Other comprehensive loss

Jumlah laba (rugi) komprehensif - - - 44,364,173 (35,540,395) - (22,328,869) (13,505,091) (9,866,714) (23,371,805) Total comprehensive income (loss)

Pencadangan saldo laba 23 - - - 100,000 (100,000) - - - Appropriation of retained earnings

Dividen entitas anak kepada

kepentingan nonpengendali - - - (6,248,942) (6,248,942) Dividend of subsidiaries to non-controlling interests

Pendirian entitas anak 1 - - - 1,023 1,023 Establishment of a subsidiary

Saldo pada tanggal 30 September 2013 (Tidak diaudit) 72,498,628 10,371,267 431,075,818 47,789,971 (52,244,474) 400,000 283,067,075 792,958,285 84,244,921 877,203,206 Balance as of September 30, 2013 (Unaudited)

Saldo pada tanggal 1 Januari 2014 Balance as of January 1, 2014

sebelum penyajian kembali 72,498,628 10,371,267 430,393,987 32,685,991 (59,373,117) 400,000 294,560,203 781,536,959 83,697,735 865,234,694 before restatement Dampak penerapan ISAK No. 29 2,39 - - 681,831 - (1,165,960) - (1,088,268) (1,572,397) (784,202) (2,356,599) Effect of adoption of ISAK No. 29 Saldo pada tanggal 1 Januari 2014

disajikan kembali 72,498,628 10,371,267 431,075,818 32,685,991 (60,539,077) 400,000 293,471,935 779,964,562 82,913,533 862,878,095 Balance as of January 1, 2014 as restated

Laba (rugi) komprehensif: Comprehensive income (loss):

Laba bersih periode berjalan - - - 7,618,239 7,618,239 1,593,103 9,211,342 Net income for the period

Laba (rugi) komprehensif lain - - - (25,925,417) (1,444,658) - - (27,370,075) (156,605) (27,526,680) Other comprehensive income (loss) Jumlah laba (rugi) komprehensif - - - (25,925,417) (1,444,658) - 7,618,239 (19,751,836) 1,436,498 (18,315,338) Total comprehensive income (loss)

Selisih transaksi perubahan pada kepemilikan 1c Difference arising from change in ownership interest

pada entitas anak - 154,042 - - - - 154,042 (154,042) - in a subsidiary

Pelepasan kepentingan pada entitas anak tanpa Disposal of interests in a subsidiary without

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Pembayaran kepada karyawan (21,814,482) (23,423,145) Cash paid to employees Kas diperoleh dari operasi 66,382,297 71,627,574 Net cash generated from operations Pembayaran pajak penghasilan badan (2,259,194) (9,150,942) Payments of corporate income tax Kas Bersih Diperoleh dari Aktivitas Operasi 64,123,103 62,476,632 Net Cash Provided by Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES

Penarikan (penempatan) investasi jangka pendek 8,571,433 (3,874,968) Redemption (placement) of short term investment Penerimaan bunga 9,980,556 8,379,323 Interest received

Aset tetap Property, plant, and equipment

Perolehan aset tetap (115,519,825) (41,313,265) Acquisitions Hasil penjualan 667,861 283,386 Proceeds from sale

Pembayaran uang muka ganti rugi lahan (540,878) (8,919,137) Payments of advances for land compensations Penerimaan dari piutang lain-lain jangka panjang - pihak ketiga 25,068,940 - Collection of long-term other recievable - third party Penempatan investaasi jangka panjang (19,214,325) (1,419,870) Placement of long-term investment

Penambahan tambang dalam pengembangan (1,591,908) (1,730,865) Addition in mines under construction Lain-lain (1,575,575) (3,896,490) Others

Kas Bersih Digunakan untuk Aktivitas Investasi (94,153,722) (52,491,886) Net Cash Used in Investing Activities

ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES

Penerimaan utang bank 89,756,055 20,512,866 Proceeds from bank loan Pembayaran utang bank (30,715,416) (36,778,183) Payments of bank loan Pembayaran liabilitas sewa pembiayaan (306,139) (865,220) Payments of lease liabilities

Pembayaran bunga dan beban keuangan lainnya (11,146,982) (7,072,749) Payments of interest and other financial charges Dividen entitas anak kepada kepentingan nonpengendali - (6,229,803) Dividend of subsidiaries to non-controlling interests Lain-lain 176,056 1,023 Others

Kas Bersih Diperoleh dari (Digunakan untuk)

Aktivitas Pendanaan 47,763,574 (30,432,066) Net Cash Provided by (Used in) Financing Activities

KENAIKAN (PENURUNAN) BERSIH KAS NET INCREASE (DECREASE) IN CASH

DAN SETARA KAS 17,732,956 (20,447,320) AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS AWAL PERIODE 181,561,906 251,306,503 AT THE BEGINNING OF THE PERIOD

Pengaruh perubahan kurs mata uang asing (155,724) (17,117,152) Effect of foreign exchange rate changes

CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS AKHIR PERIODE 199,139,138 213,742,031 AT THE END OF THE PERIOD

Lihat catatan atas laporan keuangan konsolidasian interim yang merupakan See accompanying notes to interim consolidated financial statements bagian yang tidak terpisahkan dari laporan keuangan konsolidasian interim. which are an integral part of the interim consolidated financial statements.

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1. Umum 1. General

a. Pendirian dan Informasi Umum a. Establishment and General Information

PT Dian Swastatika Sentosa Tbk (Perusahaan) didirikan berdasarkan Akta No. 6 tanggal 2 Agustus 1996 dari Linda Herawati, S.H., notaris di Jakarta, yang kemudian diubah dengan Akta Perubahan No. 35 tanggal 8 Oktober 1996 dari notaris yang sama. Akta pendirian dan perubahannya telah disahkan oleh Menteri Kehakiman Republik Indonesia (sekarang Menteri Hukum dan Hak Asasi Manusia Republik Indonesia) dalam Surat Keputusan No. C2-9854.HT.01.01.TH.96 tanggal 28 Oktober 1996 serta diumumkan dalam Berita Negara Republik Indonesia No. 46 tanggal 10 Juni 1997, Tambahan No. 2258.

PT Dian Swastatika Sentosa Tbk (the Company) was established on August 2, 1996 based on Notarial Deed No. 6 and was amended by Notarial Deed No. 35 dated October 8, 1996, both of Linda Herawati, S.H., a public notary in Jakarta. The deed of establishment and its amendment were approved by the Ministry of Justice of the Republic of Indonesia (currently the Ministry of Law and Human Rights of the Republic of Indonesia) in its Decision Letter No. C2-9854.HT.01.01.TH.96 dated October 28, 1996 and was published in the State Gazette of the Republic of Indonesia No. 46 dated June 10, 1997, Supplement No. 2258.

Anggaran Dasar Perusahaan telah beberapa kali mengalami perubahan, termasuk diantaranya penyesuaian Anggaran Dasar Perusahaan terhadap Undang-Undang Republik Indonesia No. 40 Tahun 2007 tentang Perseroan Terbatas pada tahun 2008, pelaksanaan penawaran umum perdana saham (IPO) dan perubahan status Perusahaan menjadi Perseroan Terbatas Terbuka pada tahun 2009, dan perubahan yang terakhir berdasarkan Akta No. 6 tanggal 1 Juli 2014 dari Linda Herawati, S.H., notaris di Jakarta, dimana Perusahaan melakukan perubahan Pasal 13 Anggaran Dasar Perusahaan mengenai tugas dan wewenang Direksi. Perubahan Anggaran Dasar Perusahaan tersebut telah dilaporkan dan diterima oleh Kementrian Hukum dan Hak Asasi Manusia Republik Indonesia berdasarkan Surat Penerimaan Pemberitahuan Perubahan Anggaran Dasar No. AHU-04158.40.21.2014 tanggal 10 Juli 2014.

The Articles of Association of the Company have been amended several times, including, among others, the revisions in the Company’s entire Articles of Association to be in accordance with the Law of Republic of Indonesia No. 40 Year 2007 regarding Limited Liability Company in 2008, the Initial Public Offering (IPO) and the change in the Company’s status to be a Listed Company in 2009, and the latest based on Notarial Deed No. 6 dated July 1, 2014 of Linda Herawati, S.H., a public notary in Jakarta, of which the Company amended Article 13 of its Articles of Association regarding Director’s duties and authorities. The amendment of Company’s Articles of Association has been reported and acknowledged by Ministry of Law and Human Rights of Republic of Indonesia based on the Receipt of Notice of Amendment of Company’s Articles of Association No. AHU-04158.40.21.2014 dated July 10, 2014.

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Perusahaan mulai beroperasi secara komersial pada tahun 1998. Perusahaan berkantor pusat di Jakarta, sedangkan pembangkit tenaga listrik dan uap berlokasi di Tangerang, Serang dan Karawang.

The Company started its commercial activities in 1998. The Company’s head office is in Jakarta, while its power plants are located in Tangerang, Serang and Karawang.

Dalam laporan keuangan konsolidasian, Perusahaan dan entitas anak secara bersama-sama disebut sebagai “Grup”.

In the consolidated financial statements, the Company and its subsidiaries are collectively referred to as “the Group”.

Perusahaan tergabung dalam kelompok usaha Sinarmas.

The Company operates under the Sinarmas group of business.

b. Penawaran Umum Efek Perusahaan b. Public Offering of Shares

Pada tanggal 30 November 2009, Perusahaan memperoleh Pernyataan Efektif dari Ketua Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam dan LK)*) melalui Surat No. S-10344/BL/2009 untuk penawaran umum perdana atas 100.000.000 saham Perusahaan dengan nilai nominal Rp 250 per saham kepada masyarakat dan telah dicatatkan pada Bursa Efek Indonesia pada tanggal 10 Desember 2009.

On November 30, 2009, the Company obtained the Notice of Effectiveness from the Chairman of the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK)*) in his Letter No. S-10344/BL/2009 for its offering to the public of 100,000,000 shares at Rp 250 per share. On December 10, 2009, all of these shares were listed in the Indonesia Stock Exchange.

Pada tanggal 30 September 2014, 31 Desember 2013, dan 1 Januari 2013/ 31 Desember 2012, seluruh saham Perusahaan sejumlah 770.552.320 saham telah tercatat di Bursa Efek Indonesia.

As of September 30, 2014, December 31, 2013, and January 1, 2013/December 31, 2012, all of the Company’s shares totaling to 770,552,320 shares are listed in the Indonesia Stock Exchange.

*) Sejak tanggal 31 Desember 2012, fungsi, tugas dan wewenang kegiatan jasa keuangan di sektor pasar modal,

perasuransian, dana pensiun, lembaga pembiayaan dan lembaga jasa keuangan lainnya beralih dari Menteri Keuangan dan Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam dan LK) ke Otoritas Jasa Keuangan (OJK)/

Starting December 31, 2012, the functions, duties and authorities of regulating and monitoring the financial service activities in capital market sector, insurance, pension fund, multi-finance, and other financial services were transferred from the Minister of Finance, and the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) to the Financial Services Authority (OJK).

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c. Entitas Anak yang Dikonsolidasikan c. Consolidated Subsidiaries

Perusahaan mempunyai penyertaan saham, baik secara langsung maupun tidak langsung pada entitas anak berikut ini:

The Company’s subsidiaries owned directly or indirectly are as follows:

Persentase Tahun Kepemilikan Efektif/ Operasi Effective Percentage Komersial/ Ownership Interest

Start of 30 September/ 31 Desember/ 30 September/ 31 Desember/ Domisili/ Jenis Usaha/ Commercial September 30, December 31, September 30, December 31,

Domicile Nature of Business Operations 2014 2013 2014 2013

% %

Pemilikan Langsung/Direct Ownership:

PT Golden Energy Mines Tbk (GEM) Jakarta Perdagangan batubara/ 2010 66.999 66.999 312,032,222 327,647,061 Coal trading

PT Rolimex Kimia Nusamas (RKN) Jakarta Perdagangan/Trading 1989 99.504 99.504 56,601,724 76,895,491

PT Bumi Kencana Eka Sejahtera (BKES) Jakarta Perdagangan batubara/ 2011 99.999 99.999 63,653,482 65,256,979 Coal trading

PT DSSA Mas Sejahtera (DSSM) Jakarta Perdagangan, pembangunan, industri, - 99.998 99.991 95,546,905 32,517,231 jasa, dan pengangkutan darat/

Trading, construction, industry, services, and land logistic

PT DSSA Mas Infrastruktur (DSSI) Jakarta Perdagangan, pembangunan, industri, - 99.992 99.992 11,822,986 11,107,064 perbengkelan, jasa, dan angkutan/

Trading, construction, industry, workshop, service, and transportation

PT DSSE Energi Mas Utama (DSSE EMU) Jakarta Perdagangan, pembangunan, industri, - 99.998 - 238,707,826 -perbengkelan, jasa/

Trading, construction, industry, workshop, and service Pemilikan Tidak Langsung/Indirect Ownership:

PT Roundhill Capital Indonesia (RCI) Jakarta Penyertaan saham dan 2014 67.325 67.325 113,308,957 96,611,587 (melalui/through GEM) perdagangan besar/

Holding company and trading

PT Kuansing Inti Makmur (KIM) Jambi Pertambangan batubara/ 2005 66.998 66.998 100,532,469 106,018,443

(melalui/through GEM) Coal mining

PT Trisula Kencana Sakti (TKS) Kalimantan Pertambangan batubara/ 2008 46.899 46.899 10,070,720 10,416,308 (melalui/through GEM) Tengah/ Coal mining

Central Kalimantan

GEMS Trading Resources Pte. Ltd. Singapura/ Perdagangan besar/ 2012 66.998 66.998 8,876,191 12,091,178 (GEMSTR) (dahulu/formerly GEMS Singapore Trading

Coal Resources Pte. Ltd) (melalui/through GEM)

PT Bumi Anugerah Semesta (BAS) Jakarta Perdagangan besar/ - 53.599 66.999 829,799 812,303

(melalui/through GEM) Trading

PT Borneo Indobara (BORNEO) Jakarta Pertambangan batubara/ 2005 66.699 66.699 107,265,048 96,184,047

(melalui/through RCI) Coal mining

PT Bara Harmonis Batang Asam (BHBA) Jambi Pertambangan batubara/ 2010 66.999 66.999 2,716,990 3,626,608

(melalui/through KIM) Coal mining

PT Karya Cemerlang Persada (KCP) Jambi Pertambangan batubara/ 2011 66.998 66.998 19,190,051 26,208,953

PT Bungo Bara Utama (BBU) Jambi Pertambangan batubara/ - 66.998 66.998 452,981 389,624

Entitas Anak/Subsidiaries

(Before Elimination) Total Assets Jumlah Aset (Sebelum Eliminasi)/

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% %

Pemilikan Tidak Langsung/Indirect Ownership:

PT Berkat Nusantara Permai (BNP) Jambi Pertambangan batubara/ - 66.998 66.998 18,047,644 18,105,396

PT Tanjung Belit Bara Utama (TBBU) Jambi Pertambangan batubara/ - 66.998 66.998 27,363,202 26,554,157

(melalui/through KCP) Coal mining

PT Rolimex Suburin Hutani Persada (RSHP) Jakarta Perdagangan pupuk/ 2012 69.653 69.653 2,441,016 1,692,607 (melalui/through RKN) Fertilizer trading

PT Citra Alam Indah (CAI) Jakarta Perdagangan besar/ 2011 99.999 99.998 16,995,227 19,626,936

(melalui/through BKES) Trading

PT Andalan Satria Lestari (ASL) Jakarta Perdagangan besar/ - 99.998 99.998 7,734,465 10,712,535

(melalui/through BKES) Trading

PT Nusantara Indah Lestari (NIL) Jakarta Perdagangan dan pertambangan 2005 99.999 99.999 1,714,171 2,458,948

(melalui/through ASL) batubara/

Trading and coal mining

PT Wahana Alam Lestari (WAL) Jakarta Perdagangan dan pertambangan 2007 99.998 99.998 41,035 430,848

(melalui/through ASL) batubara/

Trading and coal mining

PT Manggala Alam Lestari (MAL) Jakarta Pertambangan batubara/ - 99.927 99.927 9,732,261 6,327,840

(melalui/through ASL) Coal mining

PT Rimba Subur Lestari (RSL) Sumatera Pertambangan batubara/ - 99.998 99.998 342,969 307,700 (melalui/through ASL) Selatan/ Coal mining

South Sumatra

PT Buana Bara Ekapratama (BBEP) Jakarta Pertambangan batubara/ - 99.998 99.998 498,586 463,710

PT Duta Alam Ekapratama (DAE) Jakarta Pertambangan batubara/ - 99.998 99.998 281,705 283,987

PT Andalan Satria Abadi (ASA) Jakarta Pertambangan batubara/ - 99.998 99.998 587,112 590,206

PT Duta Alam Jaya (DAJ) Jakarta Pertambangan batubara/ - 99.998 99.998 180,259 182,537

PT Buana Inti Citraprima (BIC) Jakarta Pertambangan batubara/ - 99.998 99.998 336,057 321,119

PT Citra Alam Cahaya (CAC) Jakarta Pertambangan batubara/ - 99.998 99.998 139,497 141,000

PT Cahaya Nusa Pratama (CNP) Jakarta Pertambangan batubara/ - 99.998 99.998 221,512 198,975

PT Nusa Indah Permai (NIP) Sumatera Pertambangan batubara/ - 99.927 99.927 964,325 900,160 (melalui/through MAL) Selatan/ Coal mining

South Sumatra

PT Cahaya Bara Pratama (CBP) Jakarta Pertambangan batubara/ - 99.998 - 7,454

-(melalui/through CNP) Coal mining

PT Mora Quatro Multimedia (MQM) Jakarta Internet dan jasa TV berlangganan/ 2011 85.438 69.994 74,379,096 30,953,841 (melalui/through DSSM) Internet and TV cable

Golden Multimedia Holdings Pte. Ltd. (GOLDEN) Singapura/ Penyertaan saham/ - 99.998 - 19,263,388 -(melalui/through DSSM) Singapore Holding Company

Entitas Anak/Subsidiaries

(Before Elimination) Total Assets Jumlah Aset (Sebelum Eliminasi)/

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% %

Pemilikan Tidak Langsung/Indirect Ownership:

Celesta Prime Technology Pte. Ltd. (CELESTA) Singapura/ Penyertaan saham/ - 99.998 - 19,251,034 -(melalui/through GOLDEN) Singapore Holding Company

Sunshine Network Pte. Ltd. (SUNSHINE) Singapura/ Penyertaan saham/ - 99.998 - 19,238,680 -(melalui/through CELESTA) Singapore Holding Company

PT Buana Bumi Energi (BBE) Jakarta Penyediaan tenaga listrik/ - 99.892 99.891 178,382 170,857 (melalui/through DSSI) Generation of electricity

PT Sinarmas Sukses Sejahtera (SSS) Jakarta Perdagangan, industri, dan jasa/ - 99.992 99.901 5,588 7,068 (melalui/through DSSI) Trading, industry, and service

PT DSSP Power Mas Utama (DSSP PMU) Jakarta Perdagangan, pembangunan, - 99.998 - 238,634,463 -(melalui/through DSSE EMU) industri, dan jasa/

Trading, construction, industry, and services

PT DSSP Power Sakti (DSSP PS) Jakarta Perdagangan, pembangunan, - 99.998 - 836,635 -(melalui/through DSSP PMU) industri, dan jasa/

PT DSSP Energi Sejahtera (DSSE) Jakarta Perdagangan, pembangunan, - 99.928 99.900 237,702,975 117,992,227 (melalui/through DSSP PMU) industri, dan jasa/

PT DSSP Power Sumsel (DSSP) Jakarta Penyediaan tenaga listrik/ - 99.920 99.888 237,566,831 117,894,765 (melalui/through DSSE) Generation of electricity

PT Innovate Mas Utama (INNOVATE) Jakarta Perdagangan, pembangunan, - 99.998 - 81,887

-(melalui/through DSSM) industri, dan jasa/ Trading, construction, industry, and services Entitas Anak/Subsidiaries (Before Elimination) Total Assets Jumlah Aset (Sebelum Eliminasi)/ Dividen Dividend

Berdasarkan Akta Berita Acara Rapat Umum Pemegang Saham Tahunan GEM, entitas anak, No. 15 tanggal 3 Mei 2013, dari Linda Herawati, S.H., notaris di Jakarta, para pemegang saham GEM menyetujui untuk membagikan dividen final untuk tahun buku 2012 sebesar Rp 185.294.119.500 atau Rp 31,5 per lembar saham kepada para pemegang saham.

Based on Deed of Minutes of Annual General Meeting of Shareholders of GEM, a subsidiary, No. 15 dated May 3, 2013 of Linda Herawati, S.H., a public notary in Jakarta, all of GEM’s shareholders agreed to pay to shareholders final dividend for the year 2012 amounting to Rp 185,294,119,500 or Rp 31.5 per share.

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Pendirian Entitas Anak pada Tahun 2014 Establishment of Subsidiaries in 2014

INNOVATE INNOVATE

Berdasarkan Akta No. 84 tanggal 19 September 2014 dari Desman, S.H., M.Hum., notaris di Jakarta, DSSM, anak perusahaan dan DSS mendirikan PT Innovate Mas Utama (INNOVATE), yang akan bergerak di bidang perdagangan, pembangunan, industri, dan jasa, dengan

modal dasar sebesar

Rp 4.000.000.000 terdiri dari 4.000 saham dengan nilai nominal sebesar Rp 1.000.000 per saham. Modal ditempatkan dan disetor pada INNOVATE sebesar Rp 1.000.000.000. DSSM dan DSS memiliki kepemilikan pada INNOVATE masing-masing sebesar 99% dan 1%.

Based on Deed No. 84 dated September 19, 2014 of Desman, S.H., M.Hum., a public notary in Jakarta, DSSM, a subsidiary and DSS established PT Innovate Mas Utama (INNOVATE), which will engage in trading, construction, industry, and service with authorized capital amounting to Rp 4,000,000,000 consisting of 4,000 shares

with nominal value of

Rp 1,000,000 per share. Total issued and paid up capital of INNOVATE amounted to Rp 1,000,000,000. DSSM and DSS have ownership interests in INNOVATE of 99% and 1%, respectively.

Akta pendirian tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-27721.40.10.2014 tanggal 2 Oktober 2014.

The deed of establishment was approved by the Minister of Law and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU-27721.40.10.2014 dated October 2, 2014.

CBP CBP

Berdasarkan Akta No. 80 tanggal 24 Juni 2014 dari Deni Thanur, S.E., S.H., M.Kn., notaris di Jakarta, CNP dan ASL mendirikan PT Cahaya Bara Pratama (CBP), yang akan bergerak di bidang pertambangan batubara, dengan modal dasar sebesar Rp 400.000.000 terdiri dari 400 saham dengan nilai nominal sebesar Rp 1.000.000 per saham. Modal ditempatkan dan disetor pada CBP sebesar Rp 100.000.000. CNP dan ASL memiliki kepemilikan pada CBP masing-masing sebesar 99% dan 1%.

Based on Deed No. 80 dated June 24, 2014 of Deni Thanur, S.E., S.H., M.Kn., a public notary in Jakarta, CNP and ASL established PT Cahaya Bara Pratama (CBP), which will engage in coal mining with authorized capital amounting to Rp 400,000,000 consisting of 400 shares with nominal value of Rp 1,000,000 per share. Total issued and paid up capital of CBP amounted to Rp 100,000,000. CNP and ASL have ownership interests in CBP of 99% and 1%, respectively.

Akta pendirian CBP telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-15135.40.10.2014 tanggal 26 Juni 2014.

The Deed of Establishment of CBP was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU-15135.40.10.2014 dated June 26, 2014.

GOLDEN GOLDEN

Pada tanggal 28 April 2014, telah didirikan Golden Multimedia Holdings Pte. Ltd. (GOLDEN) dengan modal ditempatkan dan disetor terdiri dari 4.500.000 saham dengan nilai nominal SGD 1 per lembar yang diambil seluruhnya oleh DSSM. GOLDEN berdomisili di Singapura dan bergerak di bidang investasi.

On April 28, 2014, Golden Multimedia Holdings Pte. Ltd. (GOLDEN) was established with paid up and issued capital of 4,500,000 shares with a nominal value of SGD 1 per share which is fully owned by DSSM. GOLDEN domicilled in Singapore and engaging in investment holding.

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CELESTA CELESTA Pada tanggal 28 April 2014, telah didirikan

Celesta Prime Technology Pte. Ltd. (CELESTA) dengan modal ditempatkan dan disetor terdiri dari 4.478.750 saham dengan nilai nominal SGD 1 per lembar yang diambil seluruhnya oleh GOLDEN. CELESTA berdomisili di Singapura dan bergerak di bidang investasi.

On April 28, 2014, Celesta Prime Technology Pte. Ltd. (CELESTA) was established with paid up and issued capital of 4,478,750 shares with a nominal value of SGD 1 per share which is fully owned by GOLDEN. CELESTA is domicilled in Singapore and engages in investment holding.

SUNSHINE SUNSHINE

Pada tanggal 28 April 2014, telah didirikan Sunshine Network Pte. Ltd. (SUNSHINE) dengan modal ditempatkan dan disetor terdiri dari 4.457.500 saham dengan nilai nominal SGD 1 per lembar yang diambil seluruhnya oleh CELESTA. SUNSHINE berdomisili di Singapura dan bergerak di bidang investasi.

On April 28, 2014, Sunshine Network Pte. Ltd. (SUNSHINE) was established with paid up and issued capital of 4,457,500 shares with a nominal value of SGD 1 per share which is fully owned by CELESTA. SUNSHINE is domicilled in Singapore and engages in investment holding.

DSSE EMU DSSE EMU

Berdasarkan Akta No. 29 tanggal 30 Januari 2014 dari Lanawaty Darmadi S.H., M.Kn., notaris di Tangerang, Perusahaan dan PT Sinar Mas Tunggal (SMT), pihak berelasi, mendirikan PT DSSE Energi Mas Utama (DSSE EMU), yang akan bergerak di bidang perdagangan, pembangunan, industri, dan jasa, dengan modal dasar sebesar Rp 1.000.000.000.000 terdiri dari 1.000.000 saham dengan nilai nominal sebesar Rp 1.000.000 per saham. Modal ditempatkan dan disetor pada DSSE EMU sebesar Rp 370.800.000.000. Perusahaan dan SMT memiliki kepemilikan pada DSSE EMU masing-masing sebesar 99,997% dan 0,003%.

Based on Deed No. 29 dated January 30, 2014 of Lanawaty Darmadi S.H., M.Kn., a public notary in Tangerang, the Company and PT Sinar Mas Tunggal (SMT), a related party, established PT DSSE Energi Mas Utama (DSSE EMU), which will engage in trading, construction, industry, and service, with authorized capital amounting to Rp 1,000,000,000,000 consisting of 1,000,000 shares with nominal value of Rp 1,000,000 per share. Total issued and paid up capital of DSSE EMU amounted to Rp 370,800,000,000. The Company and SMT have ownership interests in DSSE EMU of 99.997% and 0.003%, respectively.

Akta pendirian DSSE EMU telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-10.00805.PENDIRIAN-PT.2014 tanggal 3 Februari 2014.

The Deed of Establishment of DSSE EMU was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU-10.00805.PENDIRIAN-PT.2014 dated February 3, 2014.

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DSSP PMU DSSP PMU Berdasarkan Akta No. 02 tanggal

7 Februari 2014 dari Lanawaty Darmadi S.H., M.Kn., notaris di Tangerang, DSSE EMU dan Perusahaan mendirikan PT DSSP Power Mas Utama (DSSP PMU), yang akan bergerak di bidang perdagangan, pembangunan, industri, dan jasa, dengan modal dasar sebesar Rp 1.000.000.000.000 terdiri dari 1.000.000 saham dengan nilai nominal sebesar Rp 1.000.000 per saham. Modal ditempatkan dan disetor pada DSSP PMU sebesar Rp 370.700.000.000. DSSE EMU dan Perusahaan memiliki kepemilikan pada DSSP PMU masing-masing sebesar 99,997% dan 0,003%.

Based on Deed No. 02 dated February 7, 2014 of Lanawaty Darmadi S.H., M.Kn., a public notary in Tangerang, DSSE EMU and the Company established PT DSSP Power Mas Utama (DSSP PMU), which will engage in trading, construction, industry, and service, with authorized capital amounting to Rp 1,000,000,000,000 consisting of 1,000,000 shares with nominal value of Rp 1,000,000 per share. Total issued and paid up capital of DSSP PMU amounted to Rp 370,700,000,000. DSSE EMU and the Company have ownership interests in DSSP PMU of 99.997% and 0.003%, respectively.

Akta pendirian DSSP PMU telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-10.01535.PENDIRIAN-PT.2014 tanggal 11 Februari 2014.

The Deed of Establishment of DSSP PMU was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU-10.01535.PENDIRIAN-PT.2014 dated February 11, 2014.

DSSP PS DSSP PS

Berdasarkan Akta No. 03 tanggal 17 Februari 2014 dari Lanawaty Darmadi S.H., M.Kn., notaris di Tangerang, DSSP PMU dan DSSE EMU mendirikan PT DSSP Power Sakti (DSSP PS), yang akan bergerak di bidang perdagangan, pembangunan, industri, dan jasa, dengan modal dasar sebesar Rp 40.000.000.000 terdiri dari 40.000 saham dengan nilai nominal sebesar Rp 1.000.000 per saham. Modal ditempatkan dan disetor pada DSSP PS sebesar Rp 10.000.000.000. DSSP PMU dan DSSE EMU memiliki kepemilikan pada DSSP PS masing-masing sebesar 99,9% dan 0,1%.

Based on Deed No. 03 dated February 17, 2014 of Lanawaty Darmadi S.H., M.Kn., a public notary in Tangerang, DSSP PMU and DSSE EMU established PT DSSP Power Sakti (DSSP PS), which will engage in trading, construction, industry, and service, with authorized capital amounting to Rp 40,000,000,000 consisting of 40,000 shares with nominal value of Rp 1,000,000 per share. Total issued and paid up capital of DSSP PS amounted to Rp 10,000,000,000. DSSP PMU and DSSE EMU have ownership interests in DSSP PS of 99.9% and 0.1%, respectively.

Akta pendirian DSSP PS telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-10.02284.PENDIRIAN-PT.2014 tanggal 17 Februari 2014.

The Deed of Establishment of DSSP PS was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU-10.02284.PENDIRIAN-PT.2014 dated February 17, 2014.

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Pendirian Entitas Anak pada Tahun 2013 Establishment of Subsidiaries in 2013

BAS BAS

BAS didirikan berdasarkan Akta No. 70 tanggal 24 Juli 2013 dari Deni Thanur, S.E., S.H., M.Kn., notaris di Jakarta. Modal dasar BAS sebesar Rp 40.000.000.000 terbagi atas 40.000 saham dengan nilai nominal Rp 1.000.000 per saham. Modal ditempatkan dan disetor sebesar Rp 10.000.000.000 terdiri atas 10.000 saham yang dimiliki oleh GEM sebanyak 9.990 saham dan sisanya dimiliki oleh KIM.

BAS was established based on Deed No. 70 dated July 24, 2013 of Deni Thanur, S.E., S.H., M.Kn., a public notary in Jakarta. BAS’ authorized capital amounted to Rp 40,000,000,000 consisting of 40,000 shares with nominal value of Rp 1,000,000 per share. Total issued and paid up capital amounted to Rp 10,000,000,000 consisting of 10,000 shares, 9,990 shares of which are owned by GEM and the remaining shares are owned by KIM.

Akta pendirian BAS telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-42235.AH.01.01.Tahun 2013 tanggal 2 Agustus 2013.

The Deed of Establishment of BAS was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU-42235.AH.01.01.Tahun 2013 dated August 2, 2013.

DSSI DSSI

Berdasarkan Akta No. 68 tanggal 20 Mei 2013 dari Desman, S.H., M.Hum.,

notaris di Jakarta, Perusahaan dan PT Sinar Mas Tunggal (SMT), pihak berelasi, mendirikan DSSI, yang akan bergerak di bidang perdagangan, pembangunan, industri, perbengkelan, jasa, dan angkutan, dengan modal dasar sebesar Rp 500.000.000.000 terdiri dari 500.000 saham dengan nilai nominal sebesar Rp 1.000.000 per saham. Modal ditempatkan dan disetor pada DSSI sebesar Rp 130.000.000.000. Perusahaan dan SMT memiliki kepemilikan pada DSSI masing-masing sebesar 99,992% dan 0,008%.

Based on Deed No. 68 dated May 20, 2013 of Desman, S.H., M.Hum.,

a public notary in Jakarta, the Company and PT Sinar Mas Tunggal (SMT), a related party, established DSSI, which will engage in trading, construction, industry, workshop, service, and transportation businesses, with authorized capital amounting to Rp 500,000,000,000 consisting of 500,000 shares with nominal value of Rp 1,000,000 per share. Total issued and paid up capital of DSSI amounted to Rp 130,000,000,000. The Company and SMT have ownership interests in DSSI of 99.992% and 0.008%, respectively.

Akta pendirian DSSI telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-29964.AH.01.01.Tahun 2013 tanggal 3 Juni 2013.

The Deed of Establishment of DSSI was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU-29964.AH.01.01.Tahun 2013 dated June 3, 2013.

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Perubahan Modal Entitas Anak pada Tahun 2014

Changes in Capital of Subsidiaries in 2014

DSSE EMU DSSE EMU

Berdasarkan Akta No. 81 tanggal 19 September 2014 dari Desman, S.H., M.Hum., notaris di Jakarta, para pemegang saham DSSE EMU telah menyetujui pengeluaran saham baru sebanyak 168.800 saham atau sebesar Rp 168.800.000.000 sehubungan dengan peningkatan modal ditempatkan dan disetor DSSE EMU dari Rp 370.800.000.000 terbagi atas 370.800

saham menjadi berjumlah

Rp 539.600.000.000 terbagi atas 539.600 saham yang diambil seluruhnya oleh Perusahaan. Kepemilikan Perusahaan pada DSSE EMU meningkat dari 99,997% menjadi 99,998%.

Based on Deed No. 81 dated September 19, 2014 of Desman, S.H., M.Hum., a public notary in Jakarta, the shareholders of DSSE EMU has approved the issuance of 168,800

new shares equivalent to

Rp 168,800,000,000 in relation to the increase in issued and paid up capital of DSSE EMU from Rp 370,800,000,000 consisting of 370,800 shares to Rp 539,600,000,000 consisting of 539,600 shares which were all acquired by Company. Company’s ownership interest in DSSE EMU increased from 99.997% to 99.998%.

Akta tersebut telah didaftarkan dalam

database Sistem Administrasi Menteri

Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat No. AHU-06922.40.21.2014 tanggal 2 Oktober 2014.

The Deed was registered in the database of Administration System of the Minister of Law and Human Rights of the Republic of Indonesia in its Letter No. AHU-06922.40.21.2014 dated October 2, 2014.

DSSP PMU DSSP PMU

Berdasarkan Akta No. 82 tanggal 19 September 2014 dari Desman, S.H., M.Hum., notaris di Jakarta, para pemegang saham DSSE EMU telah menyetujui pengeluaran saham baru sebanyak 167.500 saham atau sebesar Rp 167.500.000.000 sehubungan dengan peningkatan modal ditempatkan dan disetor DSSP PMU dari Rp 370.700.000.000 terbagi atas 370.700

Rp 538.200.000.000 terbagi atas 538.200 saham yang diambil seluruhnya oleh DSSE EMU, anak perusahaan. Kepemilikan DSSE EMU pada DSSP PMU meningkat dari 99,997% menjadi 99,998%.

Based on Deed No. 82 dated September 19, 2014 of Desman, S.H., M.Hum., a public notary in Jakarta, the shareholders of DSSP has approved the issuance of 167,500 new shares equivalent to Rp 167,500,000,000 in relation to the increase in issued and paid up capital of DSSP PMU from Rp 370,700,000,000 consisting of 370,700 shares to Rp 538.200.000.000 consisting of 538,200 shares which were all acquired by DSSE EMU, a subsidiary. DSSE EMU’s ownership interest in DSSP PMU increased from 99.997% to 99.998%.

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DSSE DSSE Berdasarkan Akta No. 83 tanggal

19 September 2014 dari Desman, S.H., M.Hum., notaris di Jakarta, para pemegang saham DSSE telah menyetujui pengeluaran saham baru sebanyak 166.800 saham atau sebesar Rp 166.800.000.000 sehubungan dengan peningkatan modal ditempatkan dan disetor DSSE dari Rp 361.000.000.000 terbagi atas 361.000 saham menjadi berjumlah Rp 527.800.000.000 terbagi atas 527.800 saham yang diambil seluruhnya oleh DSSP PMU. Kepemilikan DSSP PMU pada DSSE meningkat dari 99,900% menjadi 99,932%.

Based on Deed No. 83 dated September 19, 2014 of Desman, S.H., M.Hum., a public notary in Jakarta, the shareholders of DSSE has approved the issuance of 166,800 new shares equivalent to Rp 166,800,000,000 in relation to the increase in issued and paid up capital of DSSE from Rp 361,000,000,000 consisting of 361,000 shares to Rp 527,800,000,000 consisting of 527,800 shares which were all acquired by DSSP PMU. DSSP PMU’s ownership interest in DSSE increased from 99.900% to 99.932%.

BKES BKES

Berdasarkan Akta No. 16 tanggal 16 September 2014 dari Deni Thanur, S.E., S.H., M.Kn., notaris di Jakarta, para pemegang saham BKES menyetujui peningkatan modal ditempatkan dan disetor dari Rp 189.540.000.000 menjadi Rp 392.540.000.000 yang diambil bagian seluruhnya oleh Perusahaan sebanyak 203.000 saham atau sebesar Rp 203.000.000.000, sehingga meningkatkan kepemilikan Perusahaan menjadi 99,999%.

Based on Deed No. 16 dated September 16, 2014 of Deni Thanur, S.E., S.H., M.Kn., a public notary in Jakarta, the shareholders of BKES has approved the increase issued and paid up capital from Rp 189,540,000,000 to Rp 392,540,000,000 which were all acquired by Company consisting of 203,000 shares or Rp 203,000,000,000. Company’s ownership interest in BKES increased to 99.999%.

Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat No. AHU-06667.40.21.2014 tanggal 25 September 2014.

The Deed was registered in the database of Administration System of the Minister of Law and Human Rights of the Republic of Indonesia in its Letter No. AHU-06667.40.21.2014 dated September 25, 2014.

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CAI CAI Berdasarkan Akta No. 74 tanggal 16

September 2014 dari Hannywati Gunawan, S.H., notaris di Jakarta, pemegang saham CAI menyetujui peningkatan modal dasar dari sebesar Rp 2.000.000.000 terdiri atas 2.000 saham menjadi Rp 200.000.000.000 terdiri atas 200.000 saham serta modal ditempatkan dan disetor dari Rp 515.000.000 terdiri atas 515 saham menjadi Rp 117.692.000.000 terdiri atas 117.692 saham dengan pengeluaran 117.177 saham baru yang diambil bagian seluruhnya oleh BKES, anak perusahaan, sehingga kepemilikan BKES dalam CAI meningkat menjadi 99,999%.

Perubahan Anggaran Dasar tersebut telah disetujui oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. AHU-08844.40.20.2014 tanggal 1 Oktober 2014.

Based on Deed No. 74 dated September 16, 2014 of Hannywati Gunawan, S.H., a public notary in Jakarta, the shareholders of CAI has approved the issuance of 200,000 new shares equivalent to Rp 200,000,000,000 in relation to the increase in issued and paid up capital of CAI from Rp 515,000,000 consisting of 515 shares to Rp 117,692,000,000 consisting of 117,692 shares with the issuance of 117.177 new shares which shares were fully subscribed by BKES. BKES’s ownership interest in CAI increased to 99.999%.

Such changes were approved by the Minister of Law and Human Rights of the

Republic of Indonesia in its Decision Letter No. AHU-08844.40.20.2014 dated

October 1, 2014.

GOLDEN GOLDEN

Pada tanggal 19 Juni 2014, GOLDEN melakukan penambahan modal ditempatkan dan disetor sebesar SGD 19.625.000 sehingga modal ditempatkan dan disetor GOLDEN berubah menjadi SGD 24.125.000 yang terbagi sebanyak 24.125.000 lembar saham dengan nilai nominal SGD 1 per lembar saham dan seluruhnya dimiliki penuh oleh DSSM.

On June 19, 2014, GOLDEN has increased its paid up and issued capital amounting to SGD 19,625,000 therefore the paid up and issued capital of GOLDEN increased to SGD 24,125,000 consisting of 24,125,000 shares with a nominal value of SGD 1 per share and fully owned by DSSM.

CELESTA CELESTA

Pada tanggal 19 Juni 2014, CELESTA melakukan penambahan modal ditempatkan dan disetor sebesar SGD 19.625.000 sehingga modal ditempatkan dan disetor CELESTA berubah menjadi SGD 24.103.750 yang terbagi sebanyak 24.103.750 lembar saham dengan nilai nominal SGD 1 per lembar saham dan seluruhnya dimiliki penuh oleh GOLDEN.

On June 19, 2014, CELESTA has increased its paid up and issued capital amounting to SGD 19,625,000 therefore the paid up and issued capital of CELESTA increased to SGD 24,103,750 consisting of 24,103,750 shares with a nominal value of SGD 1 per share and fully owned by GOLDEN.

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SUNSHINE SUNSHINE Pada tanggal 19 Juni 2014, SUNSHINE

melakukan penambahan modal ditempatkan dan disetor sebesar SGD 19.625.000 sehingga modal ditempatkan dan disetor SUNSHINE berubah menjadi SGD 24.082.500 yang terbagi sebanyak 24.082.500 lembar saham dengan nilai nominal SGD 1 per lembar saham dan seluruhnya dimiliki penuh oleh CELESTA.

On June 19, 2014, SUNSHINE has increased its paid up and issued capital amounting to SGD 19,625,000 therefore the paid up and issued capital of SUNSHINE increased to SGD 24,082,500 consisting of 24,082,500 shares with a nominal value of SGD 1 per share and fully owned by CELESTA.

DSSM DSSM

Berdasarkan Akta No. 83 tanggal 18 Juni 2014 dari Desman, S.H., M.Hum., notaris di Jakarta, para pemegang saham DSSM telah menyetujui pengeluaran saham baru sebanyak 200.000 saham atau sebesar Rp 200.000.000.000 sehingga modal ditempat dan disetor DSSM meningkat dari Rp 285.000.000.000 terbagi atas 285.000

Rp 485.000.000.000 terbagi atas 485.000 saham yang diambil seluruhnya oleh Perusahaan, sehingga, kepemilikan Perusahaan pada DSSM meningkat dari 99,996% menjadi 99,998%.

Based on Deed No. 83 dated June 18, 2014 of Desman, S.H., M.Hum., a public notary in Jakarta, the shareholders of DSSM has approved the issuance of 200,000 new shares equivalent to Rp 200,000,000,000 therefore the issued and paid up capital of DSSM increased from Rp 285,000,000,000 consisting of 285,000 shares to Rp 485,000,000,000 consisting of 485,000 shares which were all acquired by the Company, thus, increasing the Company’s ownership interest in DSSM increased from 99.996% to 99.998%.

database Sistem Administrasi

Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat No. AHU-03637.40.21.2014 tanggal 1 Juli 2014.

The Deed was registered in the database of Administration System of the Minister of Law and Human Rights of the Republic of Indonesia in its Letter No. AHU-03637.40.21.2014 dated July 1, 2014.

Berdasarkan Akta No. 19 tanggal 8 Mei 2014 dibuat oleh Desman, S.H., M.Hum., notaris di Jakarta, para pemegang saham DSSM menyetujui peningkatan modal dasar DSSM dari Rp 200.000.000.000 menjadi sebesar Rp 1.000.000.000.000 atau meningkat sebesar Rp 800.000.000.000 atau 800.000 saham dan menyetujui pengeluaran saham baru sebanyak 175.000 saham atau sebesar Rp 175.000.000.000 sehingga modal ditempatkan dan disetor DSSM dari Rp 110.000.000.000 terbagi atas 110.000

Rp 285.000.000.000 terbagi atas 285.000 saham yang diambil seluruhnya oleh Perusahaan, sehingga, kepemilikan Perusahaan pada DSSM dari 99,991% menjadi 99,996%. Perubahan tersebut telah disetujui oleh Menteri Hukum dan Hak Asasi

Based on Deed No. 19 dated May 8, 2014 of Desman, S.H., M.Hum., a public notary in Jakarta, the shareholders of DSSM agreed to increase DSSM’s authorized capital from

Rp 200,000,000,000 to Rp 1,000,000,000,000 or an increase of

Rp 800,000,000,000 or 800,000 shares and has approved the issuance of 175,000 new shares equivalent to Rp 175,000,000,000 in relation to the increase in issued and paid up capital of DSSM from Rp 110,000,000,000 consisting of 110,000 shares to Rp 285,000,000,000 consisting of 285,000 shares which were all acquired by the Company, thus, increasing the Company’s ownership interest in DSSM from 99.991% to 99.996%. Such changes were approved by the Minister of Law and Human Rights of the

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BBE BBE Berdasarkan Akta No. 76 dan No. 82

masing-masing tanggal 17 Juni 2014 dan 18 Juni 2014, dari Desman, S.H., M.Hum., notaris di Jakarta, DSSM, entitas anak, mengalihkan kepemilikan sahamnya pada BBE kepada DSSI, entitas anak, sebanyak 4.000 lembar saham dan 3.992 lembar saham dengan harga jual masing-masing sebesar Rp 1.000.000.000 dan Rp 998.000.000.

Based on Deeds No. 76 and No. 82 dated June 17, 2014 and June 18, 2014, both of Desman, S.H., M.Hum., a public notary in Jakarta, DSSM, a subsidiary, transfer its ownership interest in BBE to DSSI, a subsidiary, representing 4,000 and 3,992 shares, respectively, of BBE, for a selling

price of Rp 1,000,000,000 and Rp 998,000,000, respectively.

DSSP DSSP

Berdasarkan Akta No. 59 tanggal 20 Mei 2014 dari Desman, S.H., M.Hum., notaris di Jakarta, para pemegang saham DSSP telah menyetujui pengeluaran saham baru sebanyak 159.500 saham atau sebesar Rp 159.500.000.000 sehubungan dengan peningkatan modal ditempatkan dan disetor DSSP dari Rp 360.000.000.000 terbagi atas 360.000 saham menjadi berjumlah Rp 519.500.000.000 terbagi atas 519.500 saham yang diambil seluruhnya oleh DSSE, entitas anak. Kepemilikan DSSE pada DSSP meningkat dari 99,965% menjadi 99,976%.

Based on Deed No. 59 dated May 20, 2014 of Desman, S.H., M.Hum., a public notary in Jakarta, the shareholders of DSSP has approved the issuance of 159,500 new shares equivalent to Rp 159,500,000,000 in relation to the increase in issued and paid up capital of DSSP from Rp 360,000,000,000 consisting of 360,000 shares to Rp 519,500,000,000 consisting of 519,500 shares which were all acquired by DSSE, a subsidiary. DSSE’s ownership interest in DSSP increased from 99.965% to 99.976%.

Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat No. AHU-02892.40.21.2014 tanggal 11 Juni 2014.

The Deed was registered in the database of Administration System of the Minister of Law and Human Rights of the Republic of Indonesia in its Letter No. AHU-02892.40.21.2014 dated June 11, 2014.

BAS BAS

Berdasarkan Akta No. 25 tanggal 16 Mei 2014, dari Deni Thanur, S.E., S.H., M.Kn., notaris di Jakarta, para pemegang saham BAS menyetujui penjualan 1.990 saham dalam BAS yang dimiliki oleh GEM, entitas anak, dan seluruh saham dalam BAS yang dimiliki KIM sebanyak 10 saham kepada PT Citra Alam Jaya, pihak ketiga, dengan harga jual masing-masing sebesar Rp 1.990.000 dan Rp 10.000.000. Terdapat selisih sebesar US$ 1.162 antara harga pelepasan dengan nilai buku investasi entitas anak.

Based on Deed No. 25 dated May 16, 2014 of Deni Thanur, S.E., S.H., M.Kn., a public notary in Jakarta, shareholders of BAS agreed to sell 1,990 shares of BAS owned by GEM, a subsidiary, and all 10 shares of BAS owned by KIM to PT Citra Alam Jaya, a third party, for a selling price of Rp 1.990,000,000 and Rp 10,000,000, respectively. The difference between the selling price and the carying value of investment amounted to US$ 1,162.

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Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat No. AHU-10107.40.22.2014 tanggal 23 Mei 2014.

The Deed was registered in the database of Administration System of the Minister of Law and Human Rights of the Republic of Indonesia in its Letter No. AHU-10107.40.22.2014 dated May 23, 2014.

DSSE DSSE

Berdasarkan Akta No. 8 dan No. 12 masing-masing tanggal 24 Februari 2014 dan 25 Februari 2014, dari Lanawaty Darmadi, S.H., M.Kn., notaris di Tangerang, Perusahaan mengalihkan kepemilikan sahamnya pada DSSE kepada DSSP PMU, entitas anak, sebanyak 180.500 lembar saham dan 180.139 lembar saham dengan harga jual masing-masing sebesar Rp 180.500.000.000 dan Rp 180.139.000.000.

Based on Deeds No. 8 and No. 12 dated February 24, 2014 and February 25, 2014, both of Lanawaty Darmadi, S.H., M.Kn., a public notary in Tangerang, respectively, the Company transfer its ownership interest in DSSE to DSSP PMU, a subsidiary, representing 180,500 shares and 180,139 shares, respectively, of DSSE, for a

total selling price of Rp 180,500,000,000 and Rp 180,139,000,000, respectively.

MQM MQM

Berdasarkan Akta No. 22 tanggal 8 Mei 2014 dibuat oleh Desman, S.H., M.Hum., notaris di Jakarta, para pemegang saham MQM menyetujui peningkatan modal dasar MQM dari Rp 150.000.000.000 menjadi sebesar Rp 1.000.000.000.000 atau meningkat sebesar Rp 850.000.000.000 atau 8.500.000 saham dan peningkatan modal ditempatkan dan disetor dari sebesar Rp

125.000.000.000 menjadi Rp 257.500.000.000 atau peningkatan

sebesar Rp 132.500.000.000 atau 1.325.000 saham pada nilai nominal Rp 100.000 per saham, yang seluruhnya disetor oleh DSSM. Perubahan tersebut telah disetujui oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan

No. AHU-02582.40.20.2014 tanggal 13 Mei 2014. Kepemilikan DSSM pada MQM

berubah dari 70,00% menjadi 85,44%.

Based on Deed No. 22 dated May 8, 2014 of Desman, S.H., M.Hum., a public notary in Jakarta, the shareholders of MQM’ agreed to

increase MQM’s authorized capital from

Rp 150,000,000,000 to

Rp 1,000,000,000,000 or an increase of Rp 850,000,000,000 or 8,500,000 shares

and increase in issued and paid-up capital

from Rp 125,000,000,000 to Rp 257,500,000,000 or an increase of

Rp 132,500,000,000 or 1,325,000 shares with a par value of Rp 100,000 per share, all of which have been fully paid by DSSM. Such changes were approved by the Minister of Law and Human Rights of the Republic of

Indonesia in its Decision Letter No. AHU-02582.40.20.2014 dated

May 13, 2014. DSSM’s ownership interest in MQM changed from 70.00% to 85.44%.

SSS SSS

Berdasarkan Akta No. 6 dan No. 10 masing-masing tanggal 24 Februari 2014 dan 25 Februari 2014, dari Lanawaty Darmadi, S.H., M.Kn., notaris di Tangerang, DSSE, entitas anak, mengalihkan kepemilikan sahamnya pada SSS kepada DSSI, entitas anak, sebanyak 50 lembar saham dan 49 lembar saham dengan harga jual

masing-Based on Deeds No. 6 and No. 10 dated February 24, 2014 and February 25, 2014, both of Lanawaty Darmadi, S.H., M.Kn., a public notary in Tangerang, respectively, DSSE, a subsidiary, transfer its ownership interest in SSS to DSSI, a subsidiary, representing 50 and 49 shares, repsectively, of SSS, for a total selling price of

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GEMSTR GEMSTR Berdasarkan Keputusan Rapat Luar Biasa

Direksi GEMSCR tanggal 27 Januari 2014, nama perusahaan diubah menjadi GEMS Trading Resources Pte. Ltd. (GEMSTR).

Based on GEMSCR Director’s Extraordinary General Meeting dated January 27, 2014, the name of the Company was changed to GEMS Trading Resources Pte. Ltd. (GEMSTR).

Perubahan Modal Entitas Anak pada Tahun 2013

Changes in Capital of Subsidiaries in 2013

SSS 1. SSS

2. Berdasarkan Akta No. 2 dan No. 4 masing-masing tanggal 13 Desember 2013

dan 16 Desember 2013, dari Lanawaty Darmadi, S.H., M.Kn., notaris di Tangerang, DSSM, entitas anak, mengalihkan kepemilikan sahamnya pada SSS kepada DSSE, entitas anak, sebanyak 50 lembar saham dan 49 lembar saham dengan harga jual masing-masing sebesar Rp 50.000.000 dan Rp 49.000.000.

3. Based on Notarial Deeds No. 2 and No. 4 dated December 13, 2013 and December 16, 2013, both of Lanawaty Darmadi, S.H., M.Kn., a public notary in Tangerang, respectively, DSSM, a subsidiary, transfer its ownership interest in SSS to DSSE, a subsidiary, representing 50 and 49 shares, respectively, of SSS, for a total selling price of Rp 50,000,000 and Rp 49,000,000, respectively.

DSSM 4. DSSM

5. Berdasarkan Akta No. 138 tanggal

27 Juni 2013 dari Desman, S.H., M.Hum., notaris di Jakarta, para pemegang saham DSSM telah menyetujui pengeluaran saham baru dalam simpanan sebanyak 10.000 saham atau sebesar Rp 10.000.000.000 sehubungan dengan peningkatan modal ditempatkan dan disetor DSSM dari Rp 100.000.000.000 terbagi atas 100.000 saham menjadi berjumlah Rp 110.000.000.000 terbagi atas 110.000 saham yang diambil bagian seluruhnya oleh Perusahaan, selanjutnya kepemilikan Perusahaan pada DSSM meningkat dari 99,990% menjadi 99,991%. Selanjutnya kepemilikan efektif Perusahaan pada BBE dan MQM masing-masing meningkat dari 99,800% menjadi 99,891% dan dari 69,930% menjadi 69,994%.

6. Based on Deed No. 138 dated June 27, 2013 of Desman, S.H., M.Hum., a public notary in Jakarta, the shareholders of DSSM has approved the issuance of 10,000 new shares equivalent to Rp 10,000,000,000 in relation to the increase in issued and paid up capital of DSSM from Rp 100,000,000,000 consisting of 100,000 shares to Rp 110,000,000,000 consisting of 110,000 shares which were all acquired by the Company, thus, increasing the Company’s ownership in DSSM from 99.990% to 99.991%. Further, the Company’s effective ownership in BBE and MQM increased from 99.800% to 99.891% and from 69.930% to 69.994%, respectively.

7. Akta tersebut telah didaftarkan dalam

Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat No. AHU-AH.01.10-30863 tanggal 25 Juli 2013.

8. The Deed was registered in the database of Administration System of the Minister of Law and Human Rights of the Republic of Indonesia in its Letter No. AHU-AH.01.10-30863 dated July 25, 2013.