summary of minutes agms

Summary of Minutes AGMS PT Kabelindo Murni Tbk. Page 1 of 5

SUMMARY OF MINUTES ANNUAL GENERAL MEETING OF SHAREHOLDERS

PT KABELINDO MURNI Tbk.

We, The Board of Directors of PT Kabelindo Murni Tbk. (hereinafter referred to as the Company), kindly inform all the Shareholders of the Company that the Annual General Meeting of Shareholders was held (hereinafter referred to as the Meeting), with the summary of the minutes as follows: A. Date, Time, Venue, dan Agenda of the Meeting:

Date : June 9, 2015 Time : 10:45 until 11:40 Western Indonesian Time Venue : PT Kabelindo Murni Tbk. Jl. Rawa Girang No. 2 Kawasan Industri Pulogadung Jakarta Timur 13930 Agenda : 1. Directors Report of the management duties and results and Board of

Commissioners report of the supervisory duties for the year ended 2014;

2. Approval and ratify the consolidated financial statement of the Company for the financial year ended December 31, 2014;

3. Determine on the distribution of the Companys net profit for the financial year ended on 2014;

4. Appointment of the Companys Independent Auditor for the financial year ended December 31, 2015;

5. Determination of the remuneration and other allowances for the Board of the Commissioners and Directors;

6. Changes in the Companys Board of the Commissioners; 7. Changes in the Companys Board of Directors; 8. Approval on the amendment to the Companys Article of Association.

B. Attendance of the member of the Board of Commissioners and Board of Directors The Meeting was attended by the Board of Directors and the Board of Commissioners as follows:

Board of Directors President Director : Surya A. Soepono Independent Director : Tan Robert Tanto Director : Wibowo Board of Commissioners


President Commissioner : Soepono Independent Commissioner : D.N. Adnyana Commissioner : Yosaphat M. Trisnadi

C. Attendance by Number of Shares The Meeting was attended by shareholders and/or valid proxies of shareholders representing 952.582.100 shares or 85,05% of the total shares with voting rights issued by the Company.

D. Opportunity for Shareholders to Ask Questions and/or Express Opinions

During the Meeting, opportunity was given to shareholders to ask questions and/or express opinions on each item of the Meeting agenda.

E. Number of Shareholders Asking Questions and/or Expressing Opinions There were no questions and/or opinions from the first until the eight Agenda.

F. Decision Taking Mechanism of the Meeting Resolutions are adopted by consensus, but if any shareholder or proxy of a shareholder does not consent or wishes to abstain, the resolution will be adopted by voting.

G. Results of the Voting The first to the eight resolutions of the Meeting agenda were adopted by consensus.

H. Resolutions of the Meeting

1. First and Second Agenda: The Meeting resolved by consensus: To dully accept the report of the Board of Directors concerning the management of the Company and result achieved during the 2014 fiscal year, including the report of supervisory duties performed by the Board of Commissioners for the 2014 fiscal year or the year ending December 31, 2014, audited by Doli, Bambang, Sulistiyanto, Dadang & Ali, Chartered Public Accountants, as set forth in their letter No. R.8/014/03/15 dated March 27, 2015, issued with an unqualified opinion. With the acceptance of the report of the Board of Directors for the 2014 fiscal year and Ratification of the Consolidated Statement of Financial Position and Comprehensive Consolidated Income Statement for the fiscal year ended on December 31, 2014, and in so doing grant full release and discharge to the Board of Directors and Board of Commissioners for their management and supervisory action during the 2014 fiscal year, in so far as these actions do not constitute criminal acts and are reflected in the Companys Financial Statement for the fiscal year ended on December 31, 2014.

2. Third Agenda:


The Meeting resolved by consensus: To appropriate the net profit for the 2014 fiscal year totaling Rp 20.623.713.329,- as follow: - Rp 5.600.000.000,- in a payout of a cash dividend for the 2014 fiscal year to 1.120.000.000

share, so that each share receives a cash dividend of Rp 5,-; - Rp 273.713.329,- to be placed in Reserves; - The remaining Rp 14.750.000.000,- to be entered in the books as Retained Earnings.

The dividend payout will take place on July 10, 2015 with payment of a cash dividend of Rp 5,- for each share, to be paid to shareholders in the Company whose names are registered in the Companys register of shareholders on June 19, 2015 at 16.15 Western Indonesian Time, with payment to be executed as follows:

- for shareholders enrolled in collective custodianship at KSEI, payment will be made to the

shareholder account with the account holder at KSEI; - for shareholders not enrolled in collective custodianship at KSEI, payment will be made by a

special cheque that can be collected at the Companys office during business hours. - For shareholders who prefer to receive dividend payment by bank transfer are requested to

submit a request in writing and send their account number to the Company; - The dividend payment is subject to a withholding tax to be retained by the Company under

the applicable regulations.

The Meeting authorized the Companys Board of Directors to proceed with all necessary actions in relation to the dividend payout.

3. Fourth Agenda: The Meeting resolved by consensus: To grant authority to the Companys Board of Commissioners and Board of Directors to appoint a Chartered Public Accountant registered with the Indonesia Financial Services Authority, who shall examine the Companys Consolidated Statement of Financial Position and Consolidated Statement of Comprehensive Income and other parts of the Companys financial statements for the fiscal year ending on December 31, 2015 and to set the remuneration for the Chartered Public Accountant and other conditions pertaining to his appointment.

4. Fifth Agenda:

The Meeting resolved by consensus:

To grant authority to the Board of Commissioners of the Company to determine the salary and/or other benefits, including share in profits/bonus for the members of the Company Board of Directors and to determine the honorarium and/or other benefits, including share in profits/bonus for the members of the Board of Commissioners.

5. Sixth Agenda:



To honorably dismiss Yosaphat M. Trisnadi as Commissioner of the Company as of the closing of this Meeting and grant him full release and discharge (acquit et de charge) to Yosaphat M. Trisnadi, and appoint Budi Setiono Santoso as Commissioner of the Company; Therefore, the composition of the Company Board of Commissioners commencing from the closing of the Meeting until the closing of Annual General Meeting of Shareholders for year 2018 is as follows: BOARD OF COMMISSIONERS : - President Commissioner : Soepono - Independent Commissioner : D.N. Adnyana - Commissioner : Budi Setiono Santoso -Grant authority and powers with right of substitution to the Company Board of Directors, jointly and severally, to perform all necessary actions related to the above resolutions, including but not limited to declaration of the appointment of members of the Board of Commissioners with the composition set forth in the resolution of this Meeting in a separate Notary deed and notification and registration of the Meeting resolutions with the Ministry of Law and Human Rights of the Republic of Indonesia and other relevant agencies and to perform all actions deemed necessary and useful under the applicable laws and regulations for duly implementing the resolutions of this Meeting.

6. Seventh Agenda:


To honorably dismiss Surya A. Soepono as President Director of the Company as of the closing of this Meeting and grant him full release and discharge (acquit et de charge) to Surya A. Soepono; and appoint Nicodemus M. Trisnadi as President Director of the Company for a term equal to the remaining term of the other members of the Board of Directors, i.e. until the closing of the Annual General Meeting of shareholders for year 2017. Therefore, the composition of the Company Board of Directors commencing from the closing of the Meeting until the closing of Annual General Meeting of Shareholders for year 2017 is as follows: BOARD OF DIRECTORS - President Director : Nicodemus M. Trisnadi - Independent Director : Tan Robert Tanto - Director : Wibowo

-Grant authority and powers with right of substitution to the Company Board of Directors, jointly and severally, to perform all necessary actions related to the above resolutions, including but not limited to declaration of the appointment of members of the Board of Directors with the


composition set forth in the resolution of this Meeting in a separate Notary deed and notification and registration of the Meeting resolutions with the Ministry of Law and Human Rights of the Republic of Indonesia and other relevant agencies and to perform all actions deemed necessary and useful under the applicable laws and regulations for duly implementing the resolutions of this Meeting.

7. Eighth Agenda:

The Meeting resolved by consensus: Execute amendments to bring the Company Articles of Association into conformity with the Regulations of the Financial Services Authority and to grant powers to the Company Board of Directors to declare these Meeting resolutions in a separate deed before a Notary Public, report and/or provide notification and register these Meeting resolutions with the Ministry of Law and Human Rights of the Republic of Indonesia and other relevant agencies and to perform all actions deemed necessary and useful under the applicable laws and regulations for duly implementing the resolutions of this Meeting.

I. Payout of the Cash Dividend

Pursuant to the third Agenda resolution described above, the Company will pay out a cash dividend according to following schedule and procedure as follows: Cum Dividend Period: - Trading on the regular market : June 16, 2015 - Trading on the cash market : June 19, 2015 Ex. Dividend Period: - Trading on the regular market : June 17, 2015 - Trading on the cash market : June 22, 2015 Registration of Recording Date : June 19, 2015 Payout of the Cash Dividend : July 10, 2015

Jakarta, June 11, 2015 Board of Directors

PT Kabelindo Murni Tbk.

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