Press Release

The Board of Director of PT Bukit Asam (Persero) Tbk having its domicile in Tanjung Enim, South Sumatera (“Company”) hereby invites the Company’s Shareholders to attend the Annual General Meeting of Shareholders (the ”Meeting”) which will be held on :

Day/Date	:	Thursday, April 14 2016
Time	:	10.00 a.m. (Western Indonesian Time)
Venue	:	Grand Ballroom JS Luwansa Hotel and Convention Center Jalan HR Rasuna Said Kav. C-22 Jakarta 12940

With the following meeting agenda :

1. Approval of the Company’s Annual Report on the condition and activities during the Financial Year of 2015, including the Annual supervisory Report of the Board of Commissioners during the Financial year of 2015 and Ratification of the Audited Financial Statements of the Company for the financial year of 2015, as well as the approval to fully release and discharge (Volledig acquit et de charge) the Statement of Accountability of the Board of Director and the Board of Commissioner during the financial year 2015;
2. Ratification of the Annual Report including Financial Report of the Partnership and Community Development Programs during the Financial Year of 2015, as well as the approval to release and discharge (acquit et de charge)theStatement of Accountability of Partnership and Community Development Programs by Board of Director and The Board of Commissioner during the financial year 2015;
3. Appropriation of Net Profits, including dividend distribution for the financial year 2015;
4. Stipulation of the incentives for the performance of the Board of Directors and the Board of Commisioner for the Financial Year of 2015 and their respective salaries/honorarium including facilities and allowances for the Financial Year of 2016;
5. Approval for the appointment of Public Accountant Office to audit the Financial Statements for the Financial Year of 2016 and the Financial Statements of the Partnership and Community Development Programs for the Financial Year of 2016;
6. Approval for the land release of Tanah Hitam post-open pit mine and Kandi in Ombilin, Sawahlunto to The Government of Sawahlunto;
7. Approval on the change of composition of the Company’s Board of Commissioner and Board of Director.

 

With the following rationales :

1. Agenda No.1 to 5 are routine matters to be resolved at the Annual General meeting of Shareholders of the Company. Pursuant to the provisions of the Articles of Association of the Company, Law No.40 of 2007 on Limited Liability Company, Law No.19 of 2003 on State Owned Enterprises, and the Minister of State Owned Enterprises Regulation No. PER-09/MBU/07/2015 on the Program of Partnerships and Enviromental Management Programs;
2. For agendum No.6, the action of land release of Tanah Hitam post-open pit mine and Kandi in Ombilin, Sawahlunto to the Government of Sawaluntho shall be conducted in accordance with, including but not limited to, Company’s Article Association, Mineral and Coal Mining Sector’s Provisions and Environmental Sector’s Provisions;
3. For agendum No.7, the alteration of the Company’s Board of Commissioner and Board of Director composition will be carried out in accordance with the provisions of the Articles of Association, the Minister of State Owned Enterprises Regulation No.PER-02/MBU/2015 on Requirements and Guidelines of Appointments and Dismissals of Member of Board of Commissioners and Supervisory Boards of State Owned Enterprises and the Minister of State Owned Enterprises Regulation No.PER-03/MBU/02/2015 on requirements and Guidelines of Appointments and Dismissals of Member of Boards of Directors of State Owned Enterprises.

 

Remark:

1. This publicity as an official invitation and the Board of Director does not send a special invitation to the Shareholders.
2. Shareholders whose shares are included in the collective custodian  of  PT Indonesian Central Securities Depository (KSEI), must provide written confirmations for General Meeting of Securities Holders (KTUR) which would have been distributing through KSEI. Shareholders could have taking KTUR Securities Company or custodian bank where the shareholders opened their securities account.
3. Shareholders who are attending the meeting are the shareholders whose names are registered in the Register of Shareholders on March 22, 2016 or the holder balance of the Company's shares on the sub-accounts in collective custody in PT Indonesian Central Securities Depository (KSEI) of closing stock trading in the Indonesia Stock Exchange on March 22, 2016.
4. Shareholders who are unable to attend the meeting could be represented by their proxies in the Meeting by presenting the Power of Attorney provided that the members of  Board of Commissioner, Board of Director and Employees were not act as proxies of the Shareholders in the Meeting. All of the power attorney must be accepted by Company’s Board of Director through The Company’s share register (“BAE”) namely PT DATINDO ENTRYCOM, which address in Puri Datindo Wisma Sudirman, Jalan Jenderal Sudirman Kav.34, Jakarta 10220. latest on April 12, 2016.
5. Shareholders or their proxies who are attending the Meeting will be requested to provide and submit a copy of valid Identification evidence to the registration personnel prior to entering the Meeting Venue and Legal entity shareholders must provide copies of their articles of association and lists of their current members of the management boards.
   1. The Shareholders, who may not attend, could be represented by their authorized proxies, by showing its Proxy Letter and attached with a Copy of ID Card or any other copy of Valid Identification Evidence of both Shareholders and its proxies.
6. For the Shareholders in the form of Legal Entity as Limited Liability Company, Cooperation, Foundation or Pension Fund, its requested to bring and provide a copy of its Article of Association and Deed of Company related to the latest change of composition of its Management Board attached along with the appropriate approvals by Minister of Law and Human Right of Indonesia.
7. The materials meeting has been provided on March 23, 2016 until April 14, 2016 every working day at the PT Bukit Asam (Persero), Tbk Jakarta Representatives Office, Menara Kadin Indonesia 15th floor, Jalan HR Rasuna Said Blok X-5 Kav. 2-3, Jakarta 12950, Tel. (021) 525 4014, fax. (021) 525 4002.
8. For simplification of the arrangement and order to the Meeting, Shareholders or their proxies with due respect are requested to be present at the venue of the Meeting at least 30 minutes before the Meeting.

Jakarta, March 23 2016
PT Bukit Asam (Persero) Tbk
Board of Director