OFFICIAL TRANSLATION - BNI

LOMS

L.M. SITORUS, OSMAN SIREGAR, MANIMBUL LUHUT SITORUS

PENERJEMAH RESMI & DISUMPAH CERTIFIED, AUTHORIZED AND SWORN TRANSLATORS

MULTILINGUAL TRANSLATION SERVICES: Office: Trisula Building 2" Floor

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Email: [email protected]

OFFICIAL TRANSLATION

MINUTES OF EXTRAORDINARY

GENERAL MEETING OF SHAREHOLDERS

PERUSAHAAN PERSEROAN (PERSERO)

PT BANK NEGARA INDONESIA Tbk

Abbreviated into PT BANK NEGARA INDONESIA (PERSERO) Tbk

Number: 55.-

-On this day, Friday, the thirtieth of August, two

thousand and nineteen (30-08-2019).

-At 14.40 (twenty minutes to fifteen) Western Indonesia

Time.

-I, FATHIAH HELMI, Sarjana Hukum, a Notary Public in

Jakarta, in the presence of witnesses who are known to

me, the Notary Public and whose names will be mentioned

at the closing part of this deed.

-At the request of the Board of Directors of PERUSAHAAN

PERSEROAN (PERSERO) PT BANK NEGARA INDONESIA Tbk

abbreviated into PT BANK NEGARA INDONESIA (PERSERO)

Tbk, a limited liability company domiciled in Central

Jakarta and having its head office at Jalan Jenderal

Sudirman Kavling 1, Jakarta 10220, the Articles of

Association of which and the amendments thereof had

been promulgated in the State Gazette of the Republic

of Indonesia, consecutively as follows:

The State Gazette of the Republic of Indonesia

dated the eleventh of September, nineteen hundred

and ninety two (11-09-1992) Number: 73, Supple-

ment Number: 1A;

- The State Gazette of the Republic of Indonesia

dated the twentieth of October, nineteen hundred

and ninety two (20-10-1992) Number: 84, Supple-

ment Number: 008A;


dated the twentieth of September, nineteen

hundred and ninety six (20-09-1996) Number: 76,

Supplement Number: 8145;

The State Gazette of the Republic of Indonesia -

dated the twenty fifth of August, nineteen hundred

and ninety eight (25-08-1998) Number: 68, Supple-

ment Number: 4899;


dated the twenty fourth of August, nineteen

hundred and ninety nine (24-08-1999) Number: 68,

Supplement Number: 5208;


2

dated the twentieth of February, two thousand

and one (20-02-2001) Number: 15, Supplement

Number: 70;


dated the eighth of January, two thousand and

two (08-01-2002) Number: 3, Supplement Number:

19;


dated the thirtieth of April, two thousand and


4183;


dated the tenth of September, two thousand and


684;


dated the twenty eighth of October, two thousand

and three (28-10-2003) Number: 86, Supplement

Number: 785;


dated the ninth of January, two thousand and

four (09-01-2004) Number: 3, Supplement Number:

27;


3

14011114.0

h.0 I w o ia. to se i- M. WHUT SIToRUSI g

Aiy

4NmokA,55:x

dated the thirtieth of January, two thousand and

four (30-01-2004) Number: 9, Supplement Number:

1152;


dated the twenty eighth of July, two thousand

and six (28-07-2006) Number: 60, Supplement

Number: 791;


dated the eighteenth of May, two thousand and

seven (18-05-2007) Number 40, Supplement Number:

524;


dated the first of April, two thousand and eight

(01-04-2008) Number 27, Supplement Number: 262;


dated the twenty third of December, two thousand

and eight (23-12-2008) Number: 103, Supplement

Number: 29015;


dated the thirteenth of July, two thousand and

twelve (13-07-2012) Number: 56, Supplement Number:

1263/L;


dated the seventeenth of April, two thousand and

4

twelve (17-04-2012) Number: 31, Supplement Number:

18354;


dated the seventeenth of September, two thousand

and thirteen (17-09-2013) Number: 75, Supplement

Number: 1380/L;


dated the twenty eighth of March, two thousand

and fourteen (28-03-2014) Number: 25, Supplement

Number: 2102/L;

Subsequently such articles of association had been

amended by means of the Deed Number: 35, dated the

seventeenth of March, two thousand and fifteen (17-

03-2015), drawn up before me, the Notary Public, the

Receipt of Notification of the Amendments to the

Articles of Association of which had been received

and recorded in the Legal Entities Administration

System database of the Ministry of Law and Human

Rights of the Republic of Indonesia Number: AHU-

AH.01.03-0776526, dated the fourteenth of April,

two thousand and fifteen (14-04-2015).

-The amendments to the Articles of Association

within the framework of the Ministry of State-Owned

Enterprises (SOEs) program to standardize the

5

Articles of Association of Listed SOEs is contained

in the Deed Number: 45, dated the twenty fifth of

April, two thousand and seventeen (25-04-2017), drawn

up before me, the Notary Public, which had obtained

approval from the Minister of Law and Human Rights

of the Republic of Indonesia Number AHU-0010821.

AH. 01.02 .YEAR 2017 dated the seventeenth of May, two

thousand and seventeen (17-05-2017), and the Receipt

of Notification of Amendments to the Articles of

Association of which had been received and recorded

in the Legal Entities Administration System database

of the Ministry of Law and Human Rights of the

Republic of Indonesia Number: AHU-AH.01.03-0136845

dated the seventeenth of May, two thousand and seven-

teen (17-05-2017) and the most recent amendments to

the Articles of Association is contained in the

Deed Number: 52, dated the twenty second of May,

two thousand and eighteen (22-05-2018), drawn up

before me, the Notary Public, which had obtained

approval from the Minister of Law and Human Rights

of the Republic of Indonesia Number AHU-0012962.

AH.01.02.YEAR 2018 dated the twenty fifth of June,

two thousand and eighteen (25-06-2018) and the

Receipt of Notification of Amendments to the Arti-

cles of Association of which had been received and

6

recorded in the Legal Entities Administration System

database of the Ministry of Law and Human Rights of

the Republic of Indonesia Number: AHU-AH.01.03-

0215738 dated the twenty fifth of June, two thousand

and eighteen (25-06-2018).

-The most recent composition of the members of the

Board of Directors and the members of the Board of

Commissioners is contained in the deed Number: 65,

dated the eighteenth of September, two thousand and

eighteen (18-09-2018), drawn up before me, the Notary

Public, and the Receipt of Notification of Amend-

ments to the Company's Data of which had been

received and recorded in the Legal Entities

Administration System database of the Ministry of

Law and Human Rights of the Republic of Indonesia

Number: AHU-AH.01.03-0243910 dated the eighteenth of

September, two thousand and eighteen (18-09-2018)

and the Deed Number: 33, dated the twenty third of

July, two thousand and nineteen (23-07-2019), drawn up

before me, the Notary Public, and the Receipt of

Notification of Amendments to the Company's Data of

which had been received and recorded in the Legal

Entities Administration System database of the

Ministry of Law and Human Rights of the Republic of

Indonesia Number: AHU-AH.01.03-0303218 dated the

7

twenty fifth of July, two thousand and nineteen

(25-07-2019).

-Hereinafter PERUSAHAAN PERSEROAN (PERSERO) PT BANK NEGARA

INDONESIA Tbk abbreviated into PT BANK NEGARA INDONESIA

(PERSERO) Tbk in this deed shall be referred to as the

"Company" or "BNI".

-Present at Ballroom Menara BNI 6th Floor, Jalan

Pejompongan Raya Number 7, Bendungan Hilir, Jakarta.---

-In order to draw up Minutes of Meeting regarding all

matters to be discussed and resolved/decided in an Extra-

ordinary General Meeting of Shareholders of the Company

(hereinafter shall be referred to as the "Meeting").

The Meeting was held on the day, the date, at the time

and the place as mentioned above.

-Present in the Meeting and therefore appearing before

me, the Notary Public:

I. Members of the Company's Board of Commissioners;

1. Mr. ARI KUNCORO, born in Jakarta, on the twenty

eighth day of January, nineteen hundred and sixty

two (28-01-1962), the President Commissioner/

Independent Commissioner of the Company, an

Indonesian citizen, residing in South Jakarta,

Jalan Galur Sari X/133, Neighborhood Asso-

ciation (Rukun Tetangga) 009, Community Asso-

8

ciation (Rukun Warga) 001, Utan Kayu Selatan

Village/Suburb, Matraman Sub-District;

-the holder of Resident's Identity Card with

the Population Registration Number:

3175012801620001, which is valid for the duration

of his life;

-according to his statement in this matter acting

in his capacity as the President Commissioner/

Independent Commissioner of the Company.

2. Mr. HAMBRA, Sarjana Hukum, born in Ketapang, on

the tenth day of October, nineteen hundred and

sixty eight (10-10-1968), a Commissioner of the

Company, an Indonesian citizen, residing in East

Jakarta, Jalan Cipinang Kebembem III/E5, Neigh-

borhood Association (Rukun Tetangga) 013,

Community Association (Rukun Warga) 013, Pisangan

Timur Village/Suburb, Pulogadung Sub-District;-

-the holder of Resident's Identity Card with the

Population Registration Number:

3175021010680007;


in his capacity as the Vice President Commissioner

who is appointed by virtue of the deed of Annual

General Meeting of Shareholders Number: 23

dated the thirteenth of May, two thousand and

9

nine (13-05-2019), drawn up by me, the Notary

Public, but the approval for the Fit and Proper

Test has not been received from the Financial

Services Authority (FSA).

3. Mr. PATANIARI SIAHAAN, born in Balige, on the

thirtieth day of July, nineteen hundred and forty

six (30-07-1946), an Independent Commissioner

of the Company, an Indonesian citizen, residing

in South Jakarta, Jalan Pinang Raya Number 12,

Neighborhood Association (Rukun Tetangga) 002,

Community Association (Rukun Warga) 009, Pondok

Labu Village/Suburb, Cilandak Sub-District;----




of his life;


in his capacity as an Independent Commissioner

of the Company.

4. Mr. REVRISOND BASWIR, born in Pekanbaru, on the

twenty eighth day of February, nineteen hundred

and fifty eight (28-02-1958), an Independent

Commissioner of the Company, an Indonesian

citizen, residing in Yogyakarta, Nganggrung GG

10

Mawar Number 38, Neighborhood Association (Rukun

Tetangga) 001, Community Association (Rukun

Warga) 030, Sukoharjo Village/Suburb, Ngaglik

Sub-District;




of his life;

-currently being present in Jakarta;


in his capacity as an Independent Commissioner of

the Company.

5. Mr. AHMAD FIKRI ASSEGAF, born in Jakarta, on the

fourteenth day of June, nineteen hundred and

sixty eight (14-06-1968), an Independent Commis-

sioner of the Company, an Indonesian citizen,

residing in South Jakarta, Jalan Jeruk Purut,

Neighborhood Association (Rukun Tetangga) 004,

Community Association (Rukun Warga) 003, Cilandak

Village/Suburb, PasarMinggu Sub-District;




of his life;


11

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in his capacity as an Independent Commissioner

of the Company.

6. Mr. JONI SWASTANTO, born in Yogyakarta, on the

thirteenth day of June, nineteen hundred and

fifty six (13-06-1956), a Commissioner of the

Company, an Indonesian citizen, residing in South

Jakarta, Jalan Cipayung I Number 8, Neighbor-

hood Association (Rukun Tetangga) 003, Community

Association (Rukun Warga) 007, Rawa Barat Village/

Suburb, Kebayoran Baru Sub-District;




of his life;


in his capacity as a Commissioner of the Company.

7. Mr. SIGIT WIDYAWAN, born in Wonogiri, on the

fourteenth day of July, nineteen hundred and

sixty five (14-07-1965), an Independent Commis-

sioner of the Company, an Indonesian citizen,

residing in Karanganyar, Jayan, Neighborhood

Association (Rukun Tetangga) 003, Community Asso-

ciation (Rukun Warga) 009, Blulukan Village/

Suburb, Colomadu Sub-District;

12




of his life;



in his capacity as an Independent Commissioner of

the Company.

II. Members of the Company's Board of Directors;

1. Mr. ACHMAD BAIQUNI, born in Surabaya, on the

first day of January, nineteen hundred and fifty

seven (01-01-1957), the President Director of

the Company, an Indonesian citizen, residing in

South Jakarta, Jalan Taman Wijaya Kusuma III/

21.C, Neighborhood Association (Rukun Tetangga)

005, Community Association (Rukun Warga) 002,

Cilandak Barat Village/Suburb, Cilandak Sub-

District;




of his life;


as the President Director of the Company.

13

2. Mr. HERRY SIDHARTA, born in Yogyakarta, on the

twenty third day of April, nineteen hundred and

fifty seven (23-04-1957), the Vice President

Director of the Company, an Indonesian citizen,

residing in South Jakarta, Jalan Kramat Batu

Number 9, Neighborhood Association (Rukun


Warga) 005, Gandaria Selatan Village/Suburb,

Cilandak Sub-District;




of his life;


in his capacity as the Vice President Director

of the Company.

3. Mr. PUTRAMA WAHJU SETYAWAN, born in Yogyakarta,

on the twenty eighth day of November, nineteen

hundred and sixty nine (28-11-1969), a Director

of the Company, an Indonesian citizen, residing

in Bekasi Municipality, Taman Century 2 Blok M



Warga) 023, Pekayon Jaya Village/Suburb, Bekasi

Selatan Sub-District;

14

-the holder of Resident's Identity Card with

the Population Registration Number:

3275042811690015, which is valid until the

twenty eighth day of November, two thousand and

nineteen (28-11-2019);



in his capacity as a Director of the Company.--

4. Mr. CATUR BUDI HARTO, born in Demak, on the

thirteenth day of February, nineteen hundred and

sixty four (13-02-1964), a Director of the

Company, an Indonesian citizen, residing in

Bandung Municipality, Komplek Wijayakusuma A 8



Warga) 010, Palasari Village/Suburb, Cibiru Sub-

District;




of his life;




15

5. Mrs. TAMBOK PARULIAN SETYAWATI SIMANJUNTAK,

born in Jakarta, on the twenty third day of

January, nineteen hundred and sixty four (23-01-

1964), a Director of the Company, an Indonesian

citizen, residing in East Jakarta, Jalan Kayu

Mas I number 405, Neighborhood Association

(Rukun Tetangga) 004, Community Association

(Rukun Warga) 009, Pulo Gadung Village/Suburb,

Pulo Gadung Sub-District;




of her life;

-according to her statement in this matter acting

in her capacity as a Director of the Company.--

6. Mr. RICO RIZAL BUDIDARMO, born in Bandung, on

the nineteenth day of June, nineteen hundred and

sixty three (19-06-1963), a Director of the

Company, an Indonesian citizen, residing in South

Jakarta, Jalan Cilandak IV/11, Neighborhood

Association (Rukun Tetangga) 009, Community

Association (Rukun Warga) 003, Cilandak Barat

Village/Suburb, Cilandak Sub-District;



16


of his life;



7. Mrs. ADI SULISTYOWATI, born in Purbalingga, on

the eleventh day of June, nineteen hundred and

sixty seven (11-06-1967), a Director of the


Central Jakarta, Jalan Pejompongan Raya Number

1A, Neighborhood Association (Rukun Tetangga)

002, Community Association (Rukun Warga) 005,

Bendungan Hilir Village/Suburb, Tanah Abang Sub-

District;



3275085106670015, which is valid until the

eleventh day of June, two thousand and nineteen

(11-06-2019);

-according to her statement in this matter acting

in her capacity as a Director of the Company.--

8. Mr. ANGGORO EKO CAHYO, born in Jakarta, on the

seventh day of January, nineteen hundred and sixty

nine (07-01-1969), a Director of the Company, an

Indonesian citizen, residing in Tangerang Muni-

17

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cipality, Jalan Cimandiri V FF.3/22, Neighbor-


Association (Rukun Warga) 005, Pondok Jaya

Village/Suburb, Pondok Aren Sub-District;




of his life;




9. Mr. BOB TYASIKA ANANTA, born in Solo, on the

twenty sixth day of May, nineteen hundred and

sixty three (26-05-1963), a Director of the

Company, an Indonesian citizen, residing in East

Jakarta, Kavling Marinir Blok AB IV/6, Neigh-

borhood Association (Rukun Tetangga) 008, Commu-

nity Association (Rukun Warga) 013, Pondok Kelapa

Village/Suburb, Duren Sawit Sub-District;




of his life;



18

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44

10. Mr. DADANG SETIABUDI, born in Cimahi, on the

twenty third day of June, nineteen hundred and

sixty two (23-06-1962), a Director of the


South Jakarta, Jalan Junaedi Komplek Pertamina



Warga) 003, Cipete Selatan Village/Suburb,

Cilandak Sub-District;




of his life;


as a Director of the Company.

11. Mr. ENDANG HIDAYATULLAH, born in Sukabumi, on

the sixteenth day of September, nineteen hundred

and seventy (16-09-1970), a Director of the


Bogor Municipality, Jalan Anggrek Bulan Raya

number 6, Taman Yasmin III, Neighborhood Asso-

ciation (Rukun Tetangga) 009, Community Asso-

ciation (Rukun Warga) 008, Curug Mekar Village/

Suburb, Kota Bogor Barat Sub-District;

19





of his life;


as a Director of the Company.

III. Shareholders of the Company;

1. Mr. GATOT TRIHARGO, born in Yogyakarta, on the

twenty ninth day of August, nineteen hundred and

sixty (29-08-1960), a Civil Servant (PNS), an

Indonesian citizen, residing in South Jakarta,

Jalan Alip Barat Number 25, Neighborhood Asso-

ciation (Rukun Tetangga) 003, Community Associa-

tion (Rukun Warga) 010, Pasar Minggu Village/

Suburb, Pasar Minggu Sub-District;




of his life;


in his capacity as the Deputy for Financial

Service, Survey Service and Consultant Business,

the Ministry of State-Owned Enterprises of the

20

Republic of Indonesia, acting by virtue of the

Power of Attorney Number: SKU-209/MBU/08/2019,

dated the twenty third of August, two thousand

and nineteen (23-08-2019), drawn up in private

form, the original of which is attached to the

master of original copy of this deed, as the

proxy of the Minister of State-Owned Enterprises

of the Republic of Indonesia, as the Representa-

tive of the Government as a shareholder of the

State of the Republic of Indonesia of the

Perusahaan Perseroan (Persero) PT Bank Negara

Indonesia Tbk, in accordance with the

provisions of the Law Number 19 of 2003 (two

thousand and three), the Law Number 40 of 2007

(two thousand and seven), the Government

Regulation Number 41 of 2003 (two thousand and

three) and the Government Regulation Number 45

of 2005 (two thousand and five), as well as the

Articles of Association of the Perusahaan

Perseroan (Persero) PT Bank Negara Indonesia

Tbk, and therefore for and on behalf of the

STATE OF THE REPUBLIC OF INDONESIA, as the

owner and holder of:

a. 1 (one) Dwiwarna A Series share; and

21

b. 11,189,193,874 (eleven billion one hundred

eighty nine million one hundred ninety three

thousand eight hundred seventy four) shares,

which constitute B Series shares and C Series

shares;

2. GENERAL PUBLIC as the holder and owner of

4,694,447,639 (four billion six hundred ninety

four million four hundred forty seven thousand

six hundred thirty nine) shares, which constitute

B Series shares and C Series shares;

-The members of the Board of Directors, the members of

the Board of Commissioners and the Shareholders who were

present in the meeting as mentioned above are evidenced

by the list of attendance dated today, which has been

signed by the aforementioned parties, the original of

which is attached to the master of original copy of this

deed, and those shareholders who were present as mentioned

above are the shareholders whose names are registered/

included in the Register of Shareholders of the Company

as of the seventh day of August, two thousand and

nineteen (07-08-2019) up to 16.15 (fifteen minutes past

sixteen) Western Indonesia Time, issued by PT Datindo

Entrycom as the Securities Administration Agency of the WW11240,,x

1Nompany. 1,

u. 0 1.- M. LUHUT S1TORUS *

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22

IV. Invitee;

- Mrs. ESTER AGUNG SETIAWATI, born in Solo, on the

seventeenth day of December, nineteen hundred and

fifty eight (17-12-1958), the President Director

of PT Datindo Entrycom, an Indonesian citizen,

residing in West Jakarta, Komplek BPPT H-12/A-

7, Neighborhood Association (Rukun Tetangga) 008,

Community Association (Rukun Warga) 003, Meruya

Ilir Village/Suburb, Kembangan Sub-District;---



31.7308.571258.0003;

-according to her statement in this matter repre-

senting the Securities Administration Agency of

PT Datindo Entrycom, who was present in the meeting

at the invitation of the Company's Board of

Directors.

-Based on article 24 paragraph (1) letter a of the

Company's Articles of Association, the one entitled to

preside over the Meeting is a member of the Board of

Commissioners appointed by the Board of Commissioners.

In accordance with the letter of the Board of Commis-

sioners Number: DK/91 dated the fifteen of August, two

i thousand and nineteen (15-08-2019), the Board of Commis- t.

cA

LA. - M.LUHUTSITORUS* 0

V N' 23

sioners has stipulated Mr. Ari Kuncoro as the Chairperson

of the Meeting and Mr. Pataniari Siahaan as the

Substitute Chairperson of the Meeting I and also Mr.

Sigit Widyawan as the Substitute Chairperson of the

Meeting II.

-That before the Meeting was commenced, PT Datindo

Entrycom as the Securities Administration Agency of the

Company, had shown to me, the Notary Public, the

Company's Register of Shareholders as of the seventh

day of August, two thousand and nineteen (07-08-2019)

up to 16.15 (fifteen minutes past sixteen) Western

Indonesia Time, which was issued by PT Datindo Entrycom

as the Securities Administration Agency of the Company,

and fully guaranteed that the shareholders as contained

in the said Company's Register of Shareholders are true

and lawfully prove the ownership of the Company's shares,

and according to her statement the shares owned by the

shareholders who were present or represented as mentioned

above were in accordance with the Company's Register of

Shareholders as mentioned above.

-Subsequently the Chairperson of the Meeting opened the

Meeting and informed the following matters:

A. That in accordance with the Regulation of the

Financial Services Authority Number 32/POJK.04/2014

24

dated the eighth of December, two thousand and

fourteen (08-12-2014) as already amended by means

of the Regulation of the Financial Services Authority

Number: 10/POJK.04/2017 regarding the Planning and

Implementation of the General Meeting of Share-

holders of Public Companies (hereinafter shall be

referred to as the "POJK 32"), the Company had

served/sent a notification of the plan and items on

the agenda of an Extraordinary General Meeting of

Shareholders on the sixteenth day of July, two

thousand and nineteen (16-07-2019), and had made

Announcement of the Extraordinary General Meeting

of Shareholders, which was published in the Investor

Daily and The Jakarta Post daily newspapers as well

as the Company's website on the twenty fourth day

of July, two thousand and nineteen (24-07-2019),

and also had served/sent Notice of Extraordinary

General Meeting of Shareholders, which was published

in the Investor Daily and The Jakarta Post daily

newspapers as well as the Company's website on the

eighth day of August, two thousand and nineteen

(08-08-2019).

The Notice of Meeting dated the eighth of August, two

thousand and nineteen (08-08-2019) shall read and

be written as follows:

25

NOTICE OF

---EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

PT BANK NEGARA INDONESIA (PERSERO) Tbk

(THE COMPANY)

The Company's Board of Directors hereby invites the

Company's Shareholders to attend the Extraordinary

General Meeting of Shareholders ("the Meeting")

which shall be held on:

Day/Date

Time

:

:

Friday/August 30, 2019

14:00 WIB up to end (closing)

Place : Ballroom Menara BNI, 6th Floor

Jl. Pejompongan Raya No. 7,

Bendungan Hilir, Jakarta

Items on the Agenda:

1. Performance Evaluation/Explanation of the Company

until Semester I of 2019.

Basis for the proposal of such item on the agenda

of the Meeting is the Letter of the Minister of

State-Owned Enterprises of the Republic of

Indonesia as the Dwiwarna A Series Shareholder

No. SR-477/MBU/07/2019 dated July 10, 2019

regarding Request for the Holding of Extra-

ordinary General Meeting of Shareholders.

2. Change to the Composition of the Company's

26

Management.

Basis for the proposal of such item on the agenda

of the Meeting is Article 11 paragraph (10) and

Article 14 paragraph (12) of the Company's

Articles of Association and the Letter of the

Minister of State-Owned Enterprises of the

Republic of Indonesia as the Dwiwarna A Series

Shareholder No. SR-477/MBU/07/2019 dated July

10, 2019 regarding Request for the Holding of

Extraordinary General Meeting of Shareholders.-

Notes:

1. The Company did not send separate invitations to

the Shareholders, because this Notice (adverti-

sement) shall constitute an official invitation.

2. The Shareholders or his/her proxy who will attend

the Meeting is/are requested to submit photo-

copy of his/her KTP (Resident's Identity Card)

or photocopy of other valid identity cards to

the registration officer before entering the

Meeting room. The Shareholders in the form of

Legal Entities is/are obligated to submit a

photocopy of the most recent Articles of Asso-

ciation as well as the most recent deed of

appointment of the members of the Board of

27

Directors and the members of the Board of

Commissioners or the members of the management.

Especially with regard to the Shareholders in

the Collective Custody of PT Kustodian Sentral

Efek Indonesia ("KSEI"), they are requested to

produce/show Written Confirmation of the General

Meeting of Shareholders ("KTUR") to the regis-

tration officer before entering the Meeting

room. In the event that the Shareholder cannot

show/produce the KTUR, the relevant Shareholder

can still attend the Meeting as long as his/her/

its name is included/registered in the Register

of Shareholders and produce identity card that

can be verified in accordance with the applicable

provisions.

3. Those who are entitled to attend or be repre-

sented in the Meeting are the shareholders whose

names are included/registered in the Register

of Shareholders as of August 7, 2019 up to

16.15 WIB (Western Indonesia Time).

4. a) The Shareholders who are unable to attend

the meeting may be represented by his/her

proxy by submitting lawful Power of Attorney,

the form of which shall be determined by

28

the Company's Board of Directors, with the

provision that the members of the Board of

Directors, the members of the Board of

Commissioners and the employees of the Company

may act as proxy in the Meeting, but the

votes they cast in the Meeting as proxy shall

not be counted in the casting of votes.----

b) The form of Power of Attorney is available

every business day at the Company's Securi-

ties Administration Agency namely PT. Datindo

Entrycom, J1. Hayam Wuruk No. 28, Jakarta

10120.

5. Materials related to the items on the agenda of

the Meeting are available and can be obtained

at the Company's website and the Company's head

office, during the Company's working hours as

of August 8, 2019 up to August 30, 2019. Copy

of physical document may be provided if requested

in writing by the Company's Shareholders, with

due observance of the Regulation of the

Minister of SOE Number: PER-02/MBU/02/2015 and

Number: PER-03/MBU/02/2015 dated February 17,

2015.

6. To facilitate the arrangement and for the

29

orderliness of the Meeting, the Shareholders or

their proxy are requested to be present at the

place of the Meeting by 13:30 WIB (Western

Indonesia Time).

Jakarta, August 8, 2019

The Company's Board of Directors

That one page of the daily newspapers which contains

the Announcement, and the Notice of the Meeting

mentioned above, is attached to the master of original

copy of this deed.

B. That in accordance with the Company's Register of

Shareholders as of the seventh day of August, two

thousand and nineteen (07-08-2019), issued by PT

Datindo Entrycom as the Securities Administration

Agency of the Company, the total number of the

Company's issued shares is 18,648,656,458 (eighteen

billion six hundred forty eight million six hundred

fifty six thousand four hundred fifty eight) shares.

C. That in accordance with calculation of the quorum

for attendance made by PT Datindo Entrycom as the

Securities Administration Agency of the Company,

subsequently I, the Notary Public, informed the

meeting that the following shares were present and/

or represented in the Meeting:

30

OFUZ40.1

6 (51

M. LUHUT STOWS cl

st.,56431‘4.

a. 1 (one) Dwiwarna A Series share having a nominal

value of IDR 7,500.00 (seven thousand five

hundred Rupiahs).

b. 15,883,641,513 (fifteen billion eight hundred

eighty three million six hundred forty one

thousand five hundred thirteen) registered

ordinary shares, which constitutes B Series

shares, each share having a nominal value of IDR

7,500.00 (seven thousand five hundred Rupiahs)

and C Series shares, each share having a nominal

value of IDR 375.00 (three hundred seventy five

Rupiahs);

or a grand total of 15,883,641,514 (fifteen billion

eight hundred eighty three million six hundred

forty one thousand five hundred fourteen) shares or

approximately 85.173% (eighty five point one seven

three percent) of all shares which had been issued

by the Company with lawful voting rights i.e. a

total of 18,648,656,458 (eighteen billion six

hundred forty eight million six hundred fifty six

thousand four hundred fifty eight) shares in

accordance with the Company's Register of Shareholders

as of the seventh day of August, two thousand and

nineteen (07-08-2019) issued by PT Datindo Entrycom

31

as the Securities Administration Agency of the

Company, so based on the provisions of Article 25

paragraph (1.a), and paragraph (4.a) of the

Company's Articles of Association and Article 86

paragraph (1) of the Law Number 40 of 2007

regarding Limited Liability Company, as well as the

POJK 32, therefore the quorum to hold the Meeting

had been fulfilled (quorum was present), and as

such the Meeting was lawful and entitled to adopt

lawful and binding decisions/resolutions.

Prior to the commencement of the Meeting, the Chair-

person of the Meeting informed the following matters:--

General Conditions of the Company in the Semester I of

2019 (two thousand and nineteen) were as follows:

Total assets of the Company was amounting to IDR

843.2 trillion (eight hundred forty three point two

trillion Rupiahs).

Loan extended was amounting to IDR 549.2 trillion

(five hundred forty nine point two trillion

Rupiahs).

Third Party Funds that were successfully raised

amounted to IDR 595.1 trillion (five hundred ninety

five point one trillion Rupiahs).

Total Equity was amounting to IDR 116.7 trillion

32

(one hundred sixteen point seven trillion Rupiahs).

In accordance with the Notice of the Meeting, the Items

on the Agenda of the Meeting shall be as follows:

1. Performance Evaluation/Explanation of the Company

until Semester I of 2019.

2. Change to the Composition of the Company's Manage-

ment.

The Meeting was held with reference to the Meeting

Rules of Order, which among others regulates the decision

making mechanisms in the Meeting and procedures for

asking questions and/or raising opinions as had been

read out by the Master of Ceremonies and had been

distributed to the shareholders at the time of regis-

tration.

Subsequently, entering the Items on the Agenda of the

Meeting.

The First Item on the Agenda of the Meeting, i.e.:

Performance Evaluation/Explanation of the Company

until Semester I of 2019 (two thousand and nineteen).

-Furthermore the Chairperson of the Meeting invited the

President Director to present his explanation.

-Subsequently, Mr. Achmad Baiquni as the President

Director presented the following matters:

33

"Thank you Mr. Chairperson of the Meeting,

The honorable Company's Shareholders and audiences,

Please allow me to present that up to Semester I of

2019 (two thousand and nineteen), the Company still

recorded a stable performance growth amid fluctuating

economic conditions. Total assets of the Company in

Semester I of 2019 (two thousand and nineteen) grew

by 14.8% (fourteen point eight percent) compared to

the same period of the previous year to IDR 843.2

trillion (eight hundred forty three point two trillion

Rupiahs), which mainly contributed by credits that

grew above the average growth of the national banking

industry.

In addition, I also convey that as the implementation

of one of the pillars of Corporate Culture of the

Company namely "Continuous Improvement" and Corporate

Plan of the Company, namely "Beyond Traditional

Financial Services" with the target of becoming one

of the most profitable Financial Institutions in

Indonesia, the Company continues to make innovation

continuously. The innovations continue to be made

in order to respond to market challenges and to

meet the evolving needs of the customers and the 00R14401

4/ % stakeholders.

f. M. WHUT S1TS US 0 4ct

34

The Company's innovation steps begin with creating

an innovative environment within the Company's

environment. The innovation step was carried out

among others by cultivating the implementation of

innovative mindset and requiring each working unit

to continuously innovate in order to achieve a

faster, better, more efficient results, and with a

wider impact.

The Company also intensified the Business Innovation

Award (Binnova) competition as a forum for the

Company's employees to participate in providing

good innovation proposals in the scope of products

as well as business process improvements which in

due course it will improve the Company's performance

and meet the stakeholder's requirement.

In order to support innovation, the Company has

also established an Innovation Center that functions

as an end to end Innovation Management with sources

of innovation both from internal innovation such as

Binnova or from external innovation such as coopera-

tion with start-ups or organizing the BNI Hackfest

competition.

The honorable Company's Shareholders and audiences,

The final goal of the Company in carrying out such

35

innovations is to provide the best services to our

stakeholders and to support the Company's sustainable

growth.

Subsequently explanation related to the credit and

third party funds growth will be presented by the

Director of Micro, Small and Middle-Scale Enterprise

(MSME) Business and Network. For that purpose, I

invite the Director of MSME Business and Network to

present his explanation".

-Subsequently, the Director of MSME Business and Network

presented his explanation as follows:

"Thank you Mr. President Director,

The honorable Shareholders and audiences,

In general the annual Company's credit grew positively

i.e. grew by 20% (twenty percent) year-on-year

(yoy). This strong growth was driven by Corporate

Segment credits which grew by 26.6% (twenty six

point six percent) yoy into IDR 285.3 trillion (two

hundred eighty five point three trillion Rupiahs),

then Small-Scale Segment grew by 21.5% (twenty one

point five percent) yoy into IDR 72.9 trillion

(seventy two point nine trillion Rupiahs), and

Consumer Segment grew by 8.3% (eight point three

percent) yoy into IDR 81.7 trillion (eighty one

36

point seven trillion Rupiahs).

While with respect to the Middle-Scale Segment we

are still focusing on the improvement of assets

quality and selective expansion, so until Semester

I of 2019 (two thousand and nineteen) it still

showed a moderate growth, i.e. grew by 7.6% (seven

point six percent) yoy into IDR 76.1 trillion (seventy

six point one trillion Rupiahs) . Then credit extension

(lending) by the Subsidiaries also grew by 26.7%

(twenty six point seven percent) yoy into IDR 33.1

trillion (thirty three point one trillion Rupiahs).

In addition, as an agent of development, the

Company also actively participates in the Government

programs in the field of Infrastructure. The

Infrastructure Financing until Semester I of 2019

(two thousand and nineteen) grew by 5.0% (five point

zero percent) compared to the same period of the

previous year or reached IDR 113.3 trillion (one

hundred thirteen point three trillion Rupiahs).

Details of the Infrastructure financing distribution

sector can be seen on the presentation screen.

In addition to infrastructure financing, the Company

also supports the empowerment of small-scale enter-

prises through distribution of People's Business

37

'17

M. miff srroRus * -Ty

Credit or KUR, the Partnership Program and the BNI

Entrepreneurship. The distribution of KUR, which is

one of the driving factors for the growth of the

Company's interest income, during semester I of

2019 (two thousand and nineteen), reached IDR 9.4

trillion (nine point four trillion Rupiahs) or 58.6%

(fifty eight point six percent) of the 2019 (two

thousand nineteen) KUR distribution target in the

amount of IDR 16 trillion (sixteen trillion Rupiahs).

Details of the KUR financing sector can be seen on

the presentation screen.

The honorable Shareholders and audiences,

In an effort to increase small-scale enterprises

financing, the Company has implemented several

innovative steps, including Cluster Program. This

program is designed to accelerate penetration and

to acquire quality SME customers. In implementing

the Cluster Program, the Company makes efforts to

create added values through various approaches such

as technological, partnership, and CSR assistance

aspects.

One concrete form of this program is formation of a

business ecosystem as an Integrated Supply Chain

that highlights local excellence. The small-scale

38

business chain consists of business players (in

this case farmers, fishermen, and SMEs), then core

companies (such as off taker/agricultural production

facilities (saprotan) providers) up to the collecting

agents (i.e. BUMDES (Village-Owned Enterprises) and

Agen 46) and the supporting technology thereof. In

June 2019 (two thousand nineteen), it was recorded

that the total small-scale credit portfolio executed

through the Cluster Program has reached IDR 4.7

Trillion (four point seven trillion Rupiahs) with a

collectibility of 99.3% (ninety nine point three

percent).

Then, in the consumer credit segment, the credit

growth was driven by KPR (Housing Credit) products

(i.e. BNI Griya) which grew by 8.9% (eight point

nine percent) yoy into IDR 42.2 trillion (forty two

point two trillion Rupiahs) and Payroll Loan (i.e.

BNI Flexi) which grew by 12.8% (twelve point eight

percent) yoy into IDR 24.5 trillion (twenty four

point five trillion Rupiahs). The consumer credit

expansion is focused on KPR growth efforts by

continuously strengthening the marketing through

strategic collaboration with institutions, selected

developers, as well as online and fintech property

media, and expanding the KPR marketing to millennial

39

communities. Meanwhile the growth of Payroll Loan

is focused on providing credit to employees of the

government institutions/agencies and SOEs, as well

as increasing credit marketing digitally.

In terms of Third Party Funds, namely Savings,

Current Accounts, and Time Deposits, it showed a

positive growth by 13% (thirteen percent) yoy into

IDR 595.1 trillion (five hundred ninety five point

one trillion Rupiahs) with the ratio of low-cost

funds (CASA) maintained at 64.6% (sixty four point

six percent).

The growth of CASA was supported by Current Account

growth by 22.4% (twenty two point four percent) yoy

into IDR 188.8 trillion (one hundred eighty eight

point eight trillion Rupiahs) contributed by the

customers of Business Banking segment. The Company

provides a financial services total solution in the

form of cash management services to the business

banking customers.

Various cash management solutions of the Company

have succeeded in helping the customers to create a

more efficient business processes so as to able to

increase the customer's productivity. This was

0 evident from the growth in the number of cash 0

0 i

40

management transactions into 68 million transactions,

or increased by 28.3% (twenty eight point three

percent) yoy in the Semester I of 2019 (two thousand

and nineteen). Another CASA product, i.e. Savings

recorded a growth of 7.5% (seven point five percent)

yoy into IDR 195.5 trillion (one hundred ninety

five point five trillion Rupiahs).

Thus that was all about the explanation related to

the growth of credit and third party funds, and

furthermore explanation related to the Financial

Ratios will be presented by the Director of Finance

of the Company.

-Subsequently the Director of Finance presented his

explanation as follows:

"Thank you Mr. Director of MSME Business and Network.

The honorable shareholders and audiences,

Please allow me to present the financial ratios as

of Semester I of 2019 (two thousand and nineteen)

as follows:.

1. Capital Adequacy Ratio (CAR) at the level of

18.7% (eighteen point seven percent).

2. Quality of loan extended was reflected by gross

NPL Ratio and net NPL Ratio at a level of 1.8%

(one point eight percent) and 0.8% (zero point

41

eight percent) respectively. In order to increase

its assets quality, the Company strengthened

its financial fundamentals through conservative-

proactive measures which were marked by an

increase in the Ratio of Allowance for Impairment

Losses (CKPN Ratio) against NPL or Coverage

Ratio to 156.5% (one hundred fifty six point

five percent) from 150.2% (one hundred fifty

point two percent) in the previous year. This

is in line with the management's policy to

maintain assets quality by increasing the

coverage ratio in the range of 155%-160% (one

hundred fifty five percent up to one hundred

sixty percent) to anticipate macro conditions

and preparation for the implementation of PSAK

(Statement of Financial Accounting Standard)

71.

3. Net Interest Margin was recorded at a position

of 4.9% (four point nine percent).

4. Cost to Income Ratio was recorded at a position

of 43.4% (forty three point four percent).

5. Loan to Deposit Ratio was recorded at a position

of 92.3% (ninety two point three percent).

On a consolidated basis, up to the Semester I of

42

2019 (two thousand and nineteen) the Company

managed to record a Net Profits of IDR 7.6 trillion

(seven point six trillion Rupiahs) contributed by

the Net Interest Income of IDR 17.6 trillion

(seventeen point six trillion Rupiahs) and Non

Interest Income of IDR 5.4 trillion (five point

four trillion Rupiahs) and Recovery of IDR 1 trillion

(one trillion Rupiahs). Meanwhile, operational

expenses and CKPN expenses were recorded at IDR

11.3 trillion (eleven point three trillion Rupiahs)

and IDR 4 trillion (four trillion Rupiahs)

respectively.

The Company's Financial Statements as of Semester I

of 2019 (two thousand and nineteen) had been

published in the Bisnis Indonesia and The Jakarta

Post dailies on the twenty fourth day of July, two

thousand and nineteen (24-07-2019) and can be

accessed through the Company's website.


the Company's financial ratio up to the Semester I

of 2019 (two thousand and nineteen). Furthermore,

discussions related to the Risk Management will be

presented by the Director of Risk Management of the

Company".

43

-Subsequently the Director of Risk Management presented

his explanation as follows:

"Thank you Mr. Director of Finance.


I would like to convey that BNI has implemented Risk

Management properly, among others:

1. The BNI's Soundness Level in the position as of

June 2019 (two thousand and nineteen) was Ranked

2nd (Sound), which means that BNI is able to

face significant negative influences from the

changes in business conditions and other external

factors.

2. The BNI's Risk Profile was Ranked 2nd (Low to

Moderate) with the inherent risk of "Low to

Moderate" and Quality of Risk Management

Implementation of "Satisfactory".

3. The BNI's Governance was Ranked 2nd (Good), as

reflected by adequate fulfillment of the

Governance principles in terms of structure,

process and results of governance. In general,

Governance weaknesses are less significant and

can be resolved by standard actions by the

Management. At present we continue to make efforts

44

OR144,0

9'y d1-Subsequently the Director of Consumer Business presented

043: M. WHUT SffORUS le 0

45

4.4Ns0.1

to improve the implementation of existing

governance.

4. The BNI's Rentability was Ranked 2'd (Adequate),

in which the performance and resources that

support the achievement of profits are adequate,

is shown by good growth of operating income and

net profits.

5. The BNI's capital was Ranked 2nd (Adequate),

marked by an increase in the BNI's CAR ratio

from 18.5% (eighteen point five percent) to

18.7% (eighteen point seven percent) and it is

above the minimum requirement of 14.0% (fourteen

percent) based on the risk profile and additional

buffer capital in accordance with Basel III.---

6. The achievement of the Bank's business target

up to June 2019 (two thousand and nineteen) is

generally within the specified risk appetite

range and does not exceed the risk tolerance.--


the Company's Risk Management. Furthermore, expla-

nation related to the realization of product innovation

which had been implemented by the Company will be

presented by the Director of Consumer Business".---

his explanation as follows:

"Thank you Mr. Director of Risk Management.


In line with the development and innovation of the

Company in creating digital products to provide

comfort and convenience for the customers, the

Company has BNItuDigital strategy. Therefore, the

Company focuses on developing electronic banking

(e-banking) aimed primarily at operational effi-

ciency, sources of non-interest income, and as an

effort to increase CASA.

The e-banking development of the Company has shown

good results. Until the Semester I of 2019 (two

thousand nineteen), the growth of mobile banking

users increased by almost 1.7 million (one point

seven million) users compared to June 2018 (two

thousand and eighteen), with a transaction value

reaching IDR 117 trillion (one hundred seventeen

trillion Rupiahs). The growth of SMS Banking users

also increased by around 1.4 million (one point

four million) users compared to June 2018 (two

thousand and eighteen), with a transaction value

reaching IDR 47 Trillion (forty seven trillion

Rupiahs).

46

In the Branchless Banking program, the Company was

able to develop its network through Agent 46, which

has reached 125 thousand agents, with a transaction

value of IDR 72 trillion (seventy two trillion

Rupiahs). The value of EDC and e-commerce

transactions reached IDR 41 trillion (forty one

trillion Rupiahs), while the ATM transaction value

reached IDR 346 trillion (three hundred forty six

trillion Rupiahs), and the distribution of Tapcash

reached more than 5 (five) million Tapcash cards.--

Furthermore, explanation related to the Company's

Digitalization will be presented by the Director of

Information Technolocy and Operations".

-Subsequently the Director of Information Technology and

Operations presented his explanation as follows:

"Thank you Madam Director of Consumer Business.-


Related to the BNItuDigital tagline, please allow

me to present an explanation on product innovation

and digitalization development that have been carried

out by the Company, namely:

1. In order to increase penetration of credit

business growth, the company has developed

digital loans that automate the process of credit

data screening, both consumer and productive

credits, by utilizing big data technology in

collaboration with the digital business eco-

system, called BNI Digiloan.

2. In order to support the penetration of third

party funds growth, especially savings, the

Company has developed digital account opening

that utilizes the video banking and biometric

technologies, which is called BNI SONIC -

SelfService Opening Account and DOA - Digital

Opening Account.

3. In order to strengthen the Company's position

to remain being the bank of choice for the

digital business players and as a manifestation

of open banking concept, the Company has developed

API (Application Programming Interface) Manage-

ment that facilitates and accelerates the inte-

gration process so that the digital businesses

players can utilize the Company's banking services

to jointly developing business ecosystems in

their respective areas.

4. In executing its role as an agent of development

and to make the non-cash transaction program a

success, the Company plays an active role in

48

developing the Quick Response Indonesia Standard

(QRIS) standardization, in which one of the

standardization parameters used is the product

of innovations made by the Company. In

developing this new payment ecosystem model in

the form of QR, the Company together with other

HIMBARA member banks joined in a jointly

developed platform called with LinkAja.


the realization of product innovation and banking

digitalization. Furthermore, I returned the floor

to the President Director".

-Subsequently the President Director continued his

explanation as follows:

"Thank you Mr. Director and Madam Director for your

expalanations.


As a Company oriented towards sustainability, in

addition to making continuous efforts to improve

its economic performance (profits), the Company also

strives to improve social (people) and environmental

(planet) performances.

The Company pays attention to all the three factors

because the Company believes that the Triple Bottom

49

M. LUHUT SIMMS * 0

'OA lor

arc

Line concept, which consists of Profits, People and

Planet, are important factors in realizing the

progress and sustainability of a company.

One of the Company's sustainability focuses is shown

by environmentally friendly programs or projects

financing as provided for in the OJK Regulation No.

51/POJK.03/2017 concerning Implementation of Sus-

tainable Finance for Financial Services Institu-

tions, Issuers and Public Companies. Based on the

Technical Guidelines for the Implementation of the

OJK Regulation Number 51, the banks must record

their financing/credit portfolios based on Environ-

mentally Friendly Business Activities (KUBL). The

realization of KUBL financing for the Corporate

segment in the Semester I of 2019 (two thousand and

nineteen) reached IDR 26.1 Trillion (twenty six

point one trillion Rupiahs) consisting of New Renew-

able Energy, Sustainable Palm Oil, Environmentally

Friendly Transportation and Green Building.

I also would like to convey that, until the Semester

I of 2019 (two thousand and nineteen), the reali-

zation of the use of Community Development Program

funds was IDR 102.6 billion (one hundred two point

six billion Rupiahs) which was used for humanitarian

50

aids to natural disasters victims amounted to IDR

3.9 billion (three point nine billion Rupiahs),

education and training assistance of IDR 35.8

billion (thirty five point eight billion Rupiahs),

health promotion assistance of IDR 9.8 billion

(nine point eight billion Rupiahs), assistance in

the development of public facilities and infra-

structure amounted to IDR 16.6 billion (sixteen

point six billion Rupiahs) and assistance for

religious facilities amounted to IDR 25.8 billion

(twenty five point eight billion Rupiahs), assistance

for natural conservation amounted to IDR 2.6

billion (two point six billion Rupiahs) and also

social assistance for general public within the

framework of poverty alleviation amounted to IDR

8.1 billion (eight point one billion Rupiahs). Thus

the realization of the use of Community Development

Program funds up to the Semester I of 2019 (two

thousand and nineteen) reached 68.4% (sixty eight

point four percent) of the total budget, and there

is still a remaining budget of 31.6% (thirty one

point six percent) or IDR 47.3 billion (forty seven

point three billion Rupiahs).

During Semester I of 2019 (two thousand and nineteen),

the activities of Corporate Social Responsibilities

51

(CSR) were focused on the Education and Training

Sector which absorbed 34.9% (thirty four point nine

percent) of the Community Development Program funds,

among others for an improvement in education quality

in the Eastern Indonesia namely the construction of

a Boundary School in Sebatik Island, renovation of

schools in Maumere, Eastern Indonesia Scholarship

(IBT) for Maluku, East Nusa Tenggara and West Papua

students, scholarships for the students in Adonara

Islands, construction of the "Anak Bangsa" Public

Reading Park (TBM) in Anambas Islands. BNI also

initiated trainings to improve the capability of the

SMEs fostered by the Company in the SOE Creative

Homes.

In order to welcome the 73rd (seventy third) anniver-

sary of the Company, several social programs have

been carried out, namely the Program of 7,300 (seven

thousand three hundred) Glasses for Schools, Orphans

and Nursing Homes and Ambulance Assistance Program

distributedthroughl7 (seventeen) Regional Offices.

The Company has synergized with 8 (eight) SOEs,

namely through the Javanese Rhinos Conservation

Program in Banten. In addition, the Company also

initiated a Real Action Program in Reducing Plastic

52

Waste by means of Trash Boat Program.

The Company also carried out a Program of "Let's

Save with Waste" across Jakarta areas with a total

of 161,000 (one hundred sixty one thousand) customers

coming from 290 (two hundred ninety) schools and 200

(two hundred) waste banks in which the total savings

reached more than IDR 3 Billion (three billion

Rupiahs).


Up to the Semester I of 2019 (two thousand and

nineteen), the Company has received several awards

and certifications, among others:

1. Best Bank for Technology in Cash Management

awarded by Asia Money.

2. Best Service Cash Management Non FI, awarded by

Euro Money.

3. Best Remittances Provider in Souteast Asia awarded

by Alpha Southeast.

4. The Best GCG Company Award at the IDX Channel

Innovation Award 2019 (two thousand and nine-

teen) held by IDX Channel.

5. Accreditation Certification of Corporate Learning

Improvement Process (CLIP) by the European

Foundation for Management Development (EFMD) at

53

the EFMD Annual Conference 2019 (two thousand

and nineteen), in Lisbon, Portugal.

6. Award of the Best of the Best Risk Management

2019 (two thousand and nineteen), Bank Company

category (BUKU-IV), at the Indonesia Enterprise

Risk Management Award 2019 organized by the

Economic Review.

7. Diamond Predicate in the category of Regular

Banking Conventional and Regular Banking

Digital in the Service Quality Award 2019 (two

thousand and nineteen).

8. Upgrading of the rating to Industry Leader in

the Superior Performance Assessment Criteria

(KPKU) held by the SOE Excellence Forum.

The awards received are proud achievement of the

Company and at the same time a challenge for the

Company to work better.

Before the evaluation and presentation of the

Company's performance up to Semester I of 2019 (two

thousand and nineteen) is concluded, please allow

me to express my gratitude to all shareholders and

stakeholders, that the achievement of the Company's

performance cannot be separated from the trust given

54

to the Company. This trust will encourage the Company

to work better.

Thus that was all about our explanation, and subse-

quently, I returned the floor to the Chairperson of

the Meeting to proceed the Meeting".

-Furthermore, the Chairperson of the Meeting expressed

his gratitude to the President Director, the Director

of MSME Business and Network, the Director of Finance,

the Director of Risk Management, the Director of

Consumer Business, and the Director of Information

Technology and Operations for the explanation that has

been provided.

-The Chairperson of the Meeting stated that, referring

to the provisions of the Meeting Rules of Order, since

this First Item on the Agenda of the Meeting was a

presentation of the Company's performance up to the

Semester I of 2019, therefore there are no question and

answer sessions and decision making in the First Item

on the Agenda of the Meeting.

-Subsequently the Chairperson of the Meeting proceeded

the Meeting.

The Second Item on the Agenda of the Meeting, i.e.:----

Change to the composition of the Company's Manage-

ment.

55

Subsequently the Chairperson of the Meeting informed

the following matters:

"The honorable Shareholders, Proxy of the Share-

holders and audiences, as stipulated in Article 11

paragraph (10) and Article 14 paragraph (12) of the

Company's Articles of Association, the members of

the Board of Directors and the members of the Board

of Commissioners shall be appointed and dismissed

by a GMS, attended by the Dwiwarna A Series Share-

holder and resolution of such Meeting shall be

approved by the Dwiwarna A Series shareholder, with

due observance of the provisions of the Articles of

Association and in accordance with Article 5

paragraph (4) letter c.2, the Dwiwarna A Series

Shareholder reserves the right to nominate a candidate

for the members of the Board of Directors and a

candidate for the members of the Board of Commis-

sioners.

Furthermore Article 12 paragraph (9) of the

Company's Articles of Association stipulates that

the division of duties and authority of each member

of the Board of Directors shall be determined/

decided by a GMS. In the event that a GMS does not

determine/stipulate the division of duties and

56

authority, the division of duties and authority of

each member of the Board of Directors shall be

determined/decided based on the decision of the

Board of Directors.

Based on the matters described above, I invite the

Dwiwarna A Series Shareholder to present its proposal.

The floor was given to the Dwiwarna A Series Share-

holder".

-The Dwiwarna A Series Shareholder submitted his/her/

its proposal letter to the Chairperson of the Meeting.-

-Subsequently the Chairperson of the Meeting read out

written proposal from the Dwiwarna A Series Shareholder

in accordance with the letter of the Minister of SOE

Number: SR-573/MBU/08/2019 dated the thirtieth of August,

two thousand and nineteen (30-08-2019) regarding:

Proposal for a Change to the Members of the Board of

Commissioners of PT Bank Negara Indonesia (Persero)

Tbk, and the Letter of the Minister of SOE Number: SR-

572/MBU/08/2019 dated the thirtieth of August, two

thousand and nineteen (30-08-2019) regarding: Proposal

for a Change to the Members of the Board of Directors

of PT Bank Negara Indonesia (Persero) Tbk, as attached

to the master of original copy of this deed, which in

rinciple shall read and be written as follows:

57

➢ With due observance of the provisions of the

Articles of Association of PT Bank Negara Indonesia

(Persero), Tbk., I, as the Dwiwarna A Series

Shareholder, hereby propose to the General Meeting of

Shareholders/GMS of PT Bank Negara Indonesia (Persero)

Tbk. as follows:

1. To honorably dismiss/discharge Mr. Marwanto Harjo-

wiryono from his position as a Commissioner of PT

Bank Negara Indonesia (Persero) Tbk. commencing

from the closing of the Meeting, with an expression

of gratitude for his contribution and services

rendered to the Company during his term of office as

a Commissioner of the Company.

2. To appoint Mr. Askolani as a Commissioner of the

Company, with a term of office in accordance with

the provisions of the Articles of Association and

with due observance of laws and regulations in the

field of Capital Market and without prejudice to

the rights of a General Meeting of Shareholders to

dismiss/discharge him at any time.

3. Upon the dismissal and appointment of a Member of

the Board of Commissioners as referred to in points

1 and 2 mentioned above, the composition of members

of the Board of Commissioners of the Company shall O

M. wHur srroRus

0 58

NN9000k*

be as follows:

President Commissioner/

Independent Commissisioner :Ari Kuncoro

Vice President Commissioner: Hambra

Independent Commissisioner : Sigit Widyawan

Independent Commissisioner : Ahmad Fikri Assegaf

Independent Commissisioner : Revrisond Baswir

Independent Commissisioner : Pataniari Siahaan

Commissisioner

Commissisioner

Commissisioner

: Askolani

: Joni Swastanto

: Ratih Nurdiati

4. The member of the Board of Commissioners who is

appointed as referred to in point 2 may only perform

his duties as a Commissioner after obtaining approval

from the Financial Services Authority.

5. A member of the Board of Commissioners who is

appointed as referred to in point 2 who is still

holding other positions which are prohibited by the

laws and regulations to be hold concurrently with

the position as a member of the Board of Commis-

sioners with a State-Owned Enterprises, the person

concerned shall resign or be dismissed from his

position.

6. To grant power and authority to the Company's Board

59

of Directors with the right of substitution to

state or declare all matters resolved/decided in

the Meeting in the form of a Notarial Deed and also

to appear before a Notary Public or any authorized

official, and to make necessary adjustments or

revisions if required by the relevant authorities

for the purpose of implementing the content of

resolutions of the Meeting.

Thank you for your kind attention.

THE MINISTER OF STATE-OWNED ENTERPRISES

AS THE DWIWARNA A SERIES SHAREHOLDER

PT BANK NEGARA INDONESIA (PERSERO), TBK.-

signed

RINI M. SOEMARNO

Copies sent to:

1. Secretary of the Ministry of SOE;

2. Deputy for Financial Service, Survey Service, and

Consultant Business of the Ministry of SOE;

3. Deputy for Business Infrastructure of the Ministry

of SOE.

➢ With due observance of the provisions of the

Articles of Association of PT Bank Negara Indonesia

(Persero), Tbk., I, as the Dwiwarna A Series

Shareholder, hereby propose to the General Meeting of

60

Shareholders/GMS of PT Bank Negara Indonesia (Persero)

Tbk. as follows:

1. To honorably dismiss/discharge Mr. Catur Budi Harto

from his position as the Director of Micro, Small and

Middle-Scale Enterprise (MSME) Business and Network

of PT Bank Negara Indonesia (Persero) Tbk. commencing

from the closing of the GMS, with an expression of

gratitude for his contribution and services rendered

to the Company during his term of office as a member

of the Board of Directors of the Company.

2. To change the assignment of those persons whose

names are mentioned below:

No. Name

Formerly/ It shall now be

previously---- changed into---

1. Rico Rizal Director of

Budidarmo Treasury and

International

2. Bob Tyasika Director of

Ananta Risk

Management

3. Anggoro Eko Director of

Cahyo Finance

61

Director of----

Risk Management

Director of----

Treasury and---

International--

Director of----

Consumer

Banking

OM%

* MAUATWOWS

4. Tambok Director of Director of----

Parulian Consumer Micro, Small---

Setyawati Business and Middle

Scale

Enterprise

(MSME) Business

and Network

who have been appointed respectively based on the

Resolution of Annual General Meeting of Shareholders

for 2014 (two thousand and fourteen) Financial Year

and Annual General Meeting of Shareholders for 2017

(two thousand and seventeen) Financial Year, with a

term of office continuing their respective remaining

term of office in accordance with the resolution of

the General Meeting of Shareholders which decides

the appointment of the person concerned.

3. To appoint Mr. Ario Bimo as the Director of Finance,

with a term of office in accordance with the

provisions of the Articles of Association and with

due observance of laws and regulations in the field

of Capital Market and without prejudice to the

rights of a General Meeting of Shareholders to

dismiss/discharge him at any time.

. Upon the dismissal, a change of assignment and

62

appointment of the Members of the Board of

Directors as referred to in point 1, point 2, and

point 3 mentioned above, the composition of members

of the Board of Directors of the Company shall be

as follows:

President Director : Achmad Baiquni

Vice President Director : Herry Sidharta

Director of Finance : Ario Bimo

Director of Risk Management: Rico Rizal Budidarmo

Director of Treasury and : Bob Tyasika Ananta

International

Director of Consumer : Anggoro Eko Cahyo

Business

Director of Micro, Small, : Tambok Parulian

Medium Enterprises (MSME)-- Setyawati

and Network

Director of Information : Dadang Setiabudi

Technology and Operation

Director of Human Capital : Endang Hidayatullah---

and Compliance

Director of Institution : Adi Sulistyowati

Relation

Director of Corporate : Putrama Wahju Setyawan

Business

A member of the Board of Directors who is appointed

63

as referred to in point 3 may only perform his

duties as a member of the Board of Directors after

obtaining approval from the Financial Services

Authority.

6. A member of the Board of Directors who is appointed

as referred to in point 3 who is still holding

other positions which are prohibited by the laws

and regulations to be hold concurrently with the

position as a member of the Board of Directors with

a State-Owned Enterprises, the person concerned

shall resign or be dismissed from his position.----

7. To grant power and authority to the Company's Board

of Directors with the right of substitution to

state or declare all matters resolved/decided in

the Meeting in the form of a Notarial Deed and also

to appear before a Notary Public or any authorized

official, and to make necessary adjustments or

revisions if required by the relevant authorities

for the purpose of implementing the content of

resolutions of the Meeting.

Thank you for your kind attention.

THE MINISTER OF STATE-OWNED ENTERPRISES

AS THE DWIWARNA A SERIES SHAREHOLDER

PT BANK NEGARA INDONESIA (PERSERO), TBK.---

64

signed

RINI M. SOEMARNO

Copies sent to:

1. Secretary of the Ministry of SOE;

2. Deputy for Financial Service, Survey Service, and

Consultant Business of the Ministry of SOE;

3. Deputy for Business Infrastructure of the Ministry

of SOE.

That was all about the proposal of the Dwiwarna A Series

shareholder read out by the Chairperson of the Meeting.

-Subsequently to get more acquainted with the would-be

member of the Board of Commissioners and would-be

member of the Board of Directors of the Company who are

proposed to be appointed in the Meeting, the Master of

Ceremony read out brief curriculum vitae of the would-

be member of the Board of Commissioners and would-be

member of the Board of Directors of the Company.

-After listening to the curriculum vitae of the would-

be member of the Board of Commissioners and would-be

member of the Board of Directors of the Company

mentioned above, subsequently the Chairperson of the

Meeting gave an opportunity to the shareholders and/or

proxy of the shareholders to raise questions and/or

esponses to the proposals that had been presented

65

earlier.

-The questions and/or responses shall be submitted in

writing by writing down the name as well as the total

number of shares possessed or represented.

-Since there were no shareholders or proxy of the share-

holders who raised question, the Chairperson of the

Meeting proposed in order that the Meeting resolve/

decide a change to the composition of the Company's

management as follows:

a. Change to the Board of Commssioners of the Company:

1. Approved to honorably dismiss/discharge Mr.

Marwanto Harjowiryono from his position as a

Commissioner of PT Bank Negara Indonesia

(Persero) Tbk. commencing from the closing of

the Meeting, with an expression of gratitude for

his contribution and services rendered to the

Company during his term of office as a Commis-

sioner of the Company.

2. Approved to appoint Mr. Askolani as a Commis-

sioner of the Company, with a term of office in

accordance with the provisions of the Articles

of Association and with due observance of laws

and regulations in the field of Capital Market

and without prejudice to the rights of a General

66

Meeting of Shareholders to dismiss/discharge

him at any time.

3. Upon the dismissal and appointment of a Member

of the Board of Commissioners as referred to in

points 1 (one) and 2 (two) mentioned above, the

composition of members of the Board of Commis-

sioners of the Company shall be as follows:----


Independent Commissisioner : Mr. Ari Kuncoro----

Vice President Commissioner: Mr. Hambra

Independent Commissisioner : Mr. Sigit Widyawan-

Independent Commissisioner : Mr. Ahmad Fikri

Assegaf

Independent Commissisioner : Mr. Revrisond

Baswir

Independent Commissisioner : Mr. Pataniari

Siahaan

Commissisioner : Mr. Askolani

Commissisioner : Mr. Joni Swastanto-

Commissisioner : Mrs. Ratih Nurdiati


appointed as referred to in point 2 (two) may

only perform his duties as a Commissioner after


67

Authority.


appointed as referred to in point 2 (two) who is

still holding other positions which are prohibited

by the laws and regulations to be hold concurrently

with the position as a member of the Board of

Commissioners with a State-Owned Enterprises,

the person concerned shall resign or be dismissed

from his position.

6. Approved to grant power and authority to the

Company's Board of Directors with the right of

substitution to state or declare all matters

resolved/decided in the Meeting in the form of

a Notarial Deed and also to appear before a

Notary Public or the authorized official, and

to make necessary adjustments or revisions if

required by the relevant authorities for the

purpose of implementing the content of resolutions

of the Meeting.

b. Change to the Board of Directors of the Company:---


Catur Budi Harto from his position as the Director

WORIZ of Micro, Small and Middle-Scale Enterprise

14/ (MSME) Business and Network of PT Bank Negara

14. ra" M. WRIT SITORUS g

0 /1413 68

M. LUHUT STORUS

\.°

Indonesia (Persero) Tbk. commencing from the

closing of the GMS, with an expression of gratitude

for his contribution and services rendered to

the Company during his term of office as a member

of the Board of Directors of the Company.

2. Approved to change the assignment of those persons

whose names are mentioned below:

No. Name Formerly/

previously----

1. Rico Rizal Director of

Budidarmo Treasury and

International

2. Bob Director of

Tyasika Risk

Ananta Management

3. Anggoro Director of

Eko Cahyo Finance

69

It shall now be

changed into---

Director of----

Risk Management

Director of----

Treasury and---

International--

Director of----

Consumer

Banking

Director of

Micro, Small

and Middle

Scale

Enterprise

4. Tambok

Director of

Parulian

Consumer

Setyawati

Business

0 kg_ - M. WHUT %TORUS *

0

(MSME) Business

and Network----

who have been appointed respectively based on

the Resolution of Annual General Meeting of

Shareholders for 2014 (two thousand and fourteen)

Financial Year and Annual General Meeting of

Shareholders for 2017 (two thousand and seventeen)

Financial Year, with a term of office continuing

their respective remaining term of office in

accordance with the resolution of the General

Meeting of Shareholders which decides the

appointment of the person concerned.

3. Approved to appoint Mr. Ario Bimo as the Director

of Finance, with a term of office in accordance

with the provisions of the Articles of Asso-

ciation and with due observance of laws and

regulations in the field of Capital Market and

without prejudice to the rights of a General

Meeting of Shareholders to dismiss/discharge

him at any time.

4. Upon the dismissal, the change of assignment

and the appointment of the Members of the Board

of Directors as referred to in point 1 (one),

point 2 (two), and point 3 (three) mentioned

70

above, the composition of members of the Board

of Directors of the Company shall be as follows:

President Director : Mr. Achmad Baiquni

Vice President Director : Mr. Herry Sidharta

Director of Finance : Mr. Ario Bimo

Director of Risk Management: Mr. Rico Rizal

Budidarmo

Director of Treasury and : Mr. Bob Tyasika

International Ananta

Director of Consumer : Mr. Anggoro Eko

Business Cahyo

Director of Micro, Small, : Mrs. Tambok

Medium Enterprises (MSME)-- Parulian Setyawati

and Network

Director of Information : Mr. Dadang

Technology and Operation--- Setiabudi

Director of Human Capital : Mr. Endang

and Compliance Hidayatullah

Director of Institution : Mrs. Adi

Relation Sulistyowati

Director of Corporate : Mr. Putrama Wahju-

Business Setyawan

5. A member of the Board of Directors who is

appointed as referred to in point 3 (three) may

only perform his duties as a member of the Board

71

of Directors after obtaining approval from the

Financial Services Authority.

6. A member of the Board of Directors who is

appointed as referred to in point 3 (three) who

is still holding other positions which are

prohibited by the laws and regulations to be

hold concurrently with the position as a member

of the Board of Directors with a State-Owned

Enterprise, the person concerned shall resign

or be dismissed from his position.










of the Meeting.

-Furthermore the Chairperson of the Meeting asked the

shareholders and/or their proxy-holders who cast

dissenting votes or abstention votes (blank votes) to

raise hand, and subsequently the Chairperson of the

72

Meeting asked for my, the Notary's assistance.

-Since there were Shareholders and/or Proxy of the Share-

holders present in the Meeting who raised objection or

abstention votes (blank votes), so that a decision to

be made based on deliberation or discussion leading to

mutual agreement was not achieved, then voting was taken.

-Subsequently the Chairperson of the Meeting asked me,

the Notary Public to read out the outcomes of the voting.

-Based on the data on the outcomes of the voting in the

Meeting submitted by PT Datindo Entrycom as the

Securities Administration Agency of the Company to me,

the Notary Public, I, the Notary Public informed the

meeting that the outcomes of the voting were as follows:

- The Shareholders who cast assenting vote were

M. LUHUT STrOHUS to •

11,999,689,645 (eleven billion nine hundred ninety

nine million six hundred eighty nine thousand six

hundred forty five) shares or approximately 75.547%

(seventy five point five four seven percent) of the

total shares with lawful voting rights which were

present in the Meeting.

- The Shareholders who cast dissenting vote were

3,871,203,638 (three billion eight hundred seventy

one million two hundred three thousand six hundred

thirty eight) shares or approximately 24.372%

73 101.11/4

0 Tbk. commencing from the closing of the Meeting,

74

40 M. LUHUT SITORUS *

0

•k•

OAINW6

(twenty four point three seven two percent) of the

total shares with lawful voting rights which were

present in the Meeting.

The Shareholders who cast abstention vote were

12,748,231 (twelve million seven hundred forty

eight thousand two hundred thirty one) shares or

approximately 0.080% (zero point zero eight zero

percent) of the total shares with lawful voting

rights which were present in the Meeting.

In line with the POJK 32 and Article 25 paragraph 11 of

the Company's Articles of Association, the shareholders

with lawful voting rights who were present in the Meeting,

but they did not cast votes (abstention), they shall be

considered to have cast the same votes as the majority

votes cast by the shareholders.

-Subsequently the Chairperson of the Meeting informed

the meeting that thereby the Meeting resolved/decided

to approve the change to the Company's management as

follows:

a. Change to the Board of Commssioners of the Company:


Marwanto Harjowiryono from his position as a

Commissioner of PT Bank Negara Indonesia (Persero)

with an expression of gratitude for his contri-

bution and services rendered to the Company

during his term of office as a Commissioner of

the Company.

2. Approved to appoint Mr. Askolani as a Commis-

sioner of the Company, with a term of office in

accordance with the provisions of the Company's

Articles of Association and with due observance

of laws and regulations in the field of Capital

Market and without prejudice to the rights of a

General Meeting of Shareholders to dismiss/

discharge him at any time.

3. Upon the dismissal and appointment of a Member

of the Board of Commissioners as referred to in

points 1 (one) and 2 (two) mentioned above, the

composition of members of the Board of Commis-

sioners of the Company shall be as follows:----


Independent Commissisioner : Mr. Ari Kuncoro----

Vice President Commissioner: Mr. Hambra

Independent Commissisioner : Mr. Sigit Widyawan-

Independent Commissisioner : Mr. Ahmad Fikri

Assegaf

Independent Commissisioner : Mr. Revrisond

75

Baswir

Independent Commissisioner : Mr. Pataniari

Siahaan

Commissisioner :Mr. Askolani

Commissisioner :Mr. Joni Swastanto-

Commissisioner :Mrs. Ratih Nurdiati


appointed as referred to in point 2 (two) may

only perform his duties as a Commissioner after


Authority.


appointed as referred to in point 2 (two) who is

still holding other positions which are prohibited

by the laws and regulations to be hold concurrently

with the position as a member of the Board of

Commissioners with a State-Owned Enterprises,

the person concerned shall resign or be

dismissed from his position.






76

whose names are mentioned below:

No. Name Formerly/

previously----

It shall now be

changed into---

1. Mr. Rico Director of Director of----

Rizal Treasury and Risk Management

Budidarmo International

2. Mr. Bob Director of Director of----

77





of the Meeting.

b. Change to the Board of Directors of the Company:---


Catur Budi Harto from his position as the Director

of Micro, Small and Middle-Scale Enterprise

(MSME) Business and Network of PT Bank Negara

Indonesia (Persero) Tbk. commencing from the

closing of the GMS, with an expression of gratitude

for his contribution and services rendered to

the Company during his term of office as a

member of the Board of Directors of the Company.

2. Approved to change the assignment of those persons

Tyasika Risk Treasury and---

Ananta Management International--

3. Mr. Anggoro Director of Director of----

Eko Cahyo Finance Consumer

Business

4. Mrs. Tambok Director of Director of

Parulian Consumer Micro, Small

Setyawati Business and Middle

Scale

Enterprise

(MSME) Business

and Network

who have been appointed respectively based on

the Resolution of Annual General Meeting of

Shareholders for 2014 (two thousand and fourteen)

Financial Year and Annual General Meeting of

Shareholders for 2017 (two thousand and seventeen)

Financial Year, with a term of office continuing

their respective remaining term of office in

accordance with the resolution of the General

Meeting of Shareholders which decides the appoint-

ment of the person concerned.

3. Approved to appoint Mr. Ario Bimo as the Director

of Finance, with a term of office in accordance

78

with the provisions of the Articles of

Association and with due observance of laws and

regulations in the field of Capital Market and

without prejudice to the rights of a General

Meeting of Shareholders to dismiss/discharge him

at any time.

4. Upon the dismissal, the change of assignment

and the appointment of the Members of the Board

of Directors as referred to in point 1 (one),

point 2 (two), and point 3 (three) mentioned

above, the composition of members of the Board

of Directors of the Company shall be as follows:

President Director : Mr. Achmad Baiquni

Vice President Director : Mr. Herry Sidharta

Director of Finance : Mr. Ario Bimo

Director of Risk Management: Mr. Rico Rizal

Budidarmo

Director of Treasury and : Mr. Bob Tyasika

International Ananta

Director of Consumer : Mr. Anggoro Eko

Business Cahyo

Director of Micro, Small, : Mrs. Tambok

Medium Enterprises (MSME)-- Parulian Setyawati

and Network

Director of Information : Mr. Dadang

79

Technology and Operation--- Setiabudi

Director of Human Capital : Mr. Endang

and Compliance Hidayatullah

Director of Institution : Mrs. Adi

Relation Sulistyowati

Director of Corporate : Mr. Putrama Wahju-

Business Setyawan

5. The member of the Board of Directors who is

appointed as referred to in point 3 (three) may

only perform his duties as a member of the Board

of Directors after obtaining approval from the

Financial Services Authority.

6. The member of the Board of Directors who is

appointed as referred to in point 3 (three) who

is still holding other positions which are

prohibited by the laws and regulations to be

hold concurrently with the position as a member

of the Board of Directors with a State-Owned

Enterprise, the person concerned shall resign

or be dismissed from his position.





80


Notary Public or an authorized official, and to

make necessary adjustments or revisions if



of the Meeting.

-Since there were no other matters to be discussed in

the Meeting, the Chairperson of the Meeting closed the

Meeting at 15.23 (twenty three minutes past fifteen)

Western Indonesia Time.

-I, the Notary Public, have drawn up these Minutes of

Meeting to be used as necessary.

-Those persons appearing before me were introduced to

me, the Notary Public by two other persons appearing

before me.

IN WITNESS WHEREOF

-THIS DEED was made or drawn up as master of original

copy and executed in Jakarta, on the day and date as

mentioned in the preamble of this deed, in the presence

of:

- Mrs. Ai Tanti Yulianti, Sarjana Hukum, born in

Garut, on the seventh day of July, nineteen hundred

and seventy two (07-07-1972), residing in East

81

Jakarta, Jalan Raya Kalisari Number 44, Neighbor-


Association (Rukun Warga) 003, Kalisari Village/

Suburb, Pasar Rebo Sub-District; and

- Miss Vinda Tryana, Sarjana Hukum, Magister

Kenotariatan, born in Palembang, on the eighth day

of January, nineteen hundred and ninety four (08-

01-1994), residing in Tangerang Selatan Municipality,

Jalan Flamingo JC. 17 Number 5, Neighborhood Asso-

ciation (Rukun Tetangga) 001, Community Association

(Rukun Warga) 013, Pondok Pucung Village/Suburb,

Pondok Aren Sub-District;

-Currently being present in Jakarta;

-both of whom are employees at my, the Notary's office,

as witnesses.

-After this deed was read out by me, the Notary Public,

to the witnesses, it was immediately signed by me, the

Notary Public and by the witnesses, whereas those

persons who were appearing before me had left the

meeting room.

-Made or drawn up with 3 (three) amendments, i.e. 2

(two) crossings out without substitution and 1 (one)

crossing out with substitution.

82

-The original of this deed has been duly signed.

ISSUED AS A DUPLICATE.

Notary Public in Jakarta,

officially stamped stamp by the Notary Public duty signed

FATHIAH HELMI, SH.

Manimbul Luhut Sitorus, certified, authorized and sworn translator, appointed by virtue of the Decree of the Governor of Jakarta Special Capital Region number 5226/1998 SK GUB DIU, dated June 17, 1998, hereby state that I am competent to translate from Indonesian into English, and I further certify thatthat to the best of my ability this translation is correct and true to the document written in the Indonesian language whi submitted to me. Jakarta, October 8,

83

OFFICIAL TRANSLATION - BNI

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