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Establishment of new subsidiaries.

PT Surya Kalimantan Sejati, PT Persada Makmur Sejahtera, and Hillmas Coal Pte. Ltd., Company’s indirect subsidiaries, established PT Surya Kalimantan Sejati Dua and PT Persada Makmur Selaras Dua, both under the laws of Republic Indonesia.

 

Issued and paid up capital of PT Surya Kalimantan Sejati Dua is Rp 2,500,000,000, consisting of 2,500 shares each having a nominal value of Rp 1,000,000. As many as 1,275 shares were subscribed by PT Surya Kalimantan Sejati and 1,225 shares were subscribed by Hillmas Coal Pte Ltd. 

 

Issued and paid up capital of PT Persada Makmur Selaras Dua is Rp 2,500,000,000, consisting of 2,500 shares each having a nominal value of Rp 1,000,000. As many as 1,275 shares were subscribed by PT Persada Makmur Sejahtera and 1,225 shares were subscribed by Hillmas Coal Pte Ltd.