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Capital decrease in subsidiary

Based on the approval letter by the Minister of Law and Human Rights of Republic of Indonesia No. AHU-0024330.AH.01.02.TAHUN 2017 dated January 2, 2018, PT Citra Alam Indah, Company’s indirect subsidiary with effective ownership more than 99%, has decreased its issued and paid up capital from Rp 106,692,000,000 consisting of 106,692 shares to Rp 94,692,000,000 consisting of 94,692 shares, by withdrawing 12,000 shares with value of Rp 12,000,000,000. Shareholding structure of PT Citra Alam Indah after the above-mentioned capital decrease consists of PT Bumi Kencana Eka Sejahtera as the owner of 94,691 shares with nominal value of Rp 94,691,000,000 and the Company as the owner of 1 share with nominal value of Rp 1,000,000.