Press Release

The Agendum of alteration of Board of Management and/or the composition of  Management Position is proposed from the Board of Director considering the members tenure of the Board of Director would have been expiring on the Annual General Meeting for financial year 2015, as determined in Notarial Deed Fathiah Helmi, SH No. 73 dated December 22, 2011 considering of General Meeting Extraordinary Shareholders (EGM) of PT Bukit Asam (Persero) Tbk, as well as observing of Mr Seger Budiarjo resignation letter as Commissioner dated February 11, 2016 to the Board of Director for his appointment as Commercial Director of PT Pupuk Kujang.

Pursuant to the provisions of Article No. 17 paragraph (10) and Article No.20 paragraph (11) Articles of Association who organizes for the Board of Director and members of the Board of Commissioner candidates could only nominated by the Shareholders of Dwiwarna A Series Share.

Regarding to the Ministry of State-Owned Enterprises of the Republic of Indonesia As Proxies Shareholders of Dwiwarna A Series Share, No. S-17/D3.MBU/02/2016 dated February 29, 2016, has approved concerning of agenda item regarding the alteration of Board of Management and/or the composition of Management Position on the implementation of the Company's Annual General Meeting will be held on April 14, 2016.

Requirements, Procedure for Appointment and Termination of Members of Board of Director and Board of Commissioner

As a State-Owned Enterprise Company is subject to :

• The Regulation of the Minister of State Owned Enterprises No. PER-02 / MBU / 02/2015 dated February 17, 2015 on the Terms and Procedure for Appointment and Dismissal of Members of Board of Commissioner and the Board of Trustee of State Owned Enterprises; and
• The Regulation of the Minister of State Owned Enterprises No. Per-03 / MBU / 02/2015 dated February 17, 2015 regarding Requirements, Procedure for Appointment and Dismissal of Members of Board of Directors of State Owned Enterprises.

In reference of Regulation Article No.15 Financial Services Authority Regulation No.32/POJK.04/2014 dated December 8, 2014 concerning Planning and Holding of General Meeting of Shareholders of Public Company subjecting to:

In the case of agenda item regarding to the appointment of members of the Board of Directors and/or member of the Board of Commissioners, Curricullum Vitae candidates member of Board of Director and/or member of the Board of Commissioner to be appointed must be available on the Listed Company's website at least since for notice invitation until the Annual General Meeting (AGM) or at another time Moreover at latest of the AGM implementation pursuant to the legislation.

Therefore, the proposal in related to the agenda item especially for the alteration of Board of management and/or composition of Position Management Company will be presented by Shareholders of Dwiwarna A Series Share at the time in the implementation of the Meeting.

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