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Loan facilities in subsidiaries

On December 4, 2017, Hillmas Coal Pte. Ltd., Company’s indirect subsidiary with effective ownership of more than 99%, has agreed to give loan facilities to PT DSSP Power Mas Utama and PT Andalan Mas Sejahtera, Company’s indirect subsidiaries, each with effective ownership of more than 99%, with limit up to USD 10,000,000 and USD 5,000,000, respectively, for 5-year period and interest 7% p.a.

Share Subscription Agreement for investment in Westgold Resources Limited (“Westgold”)

On November 30, 2017, Golden Energy and Resources Limited (“GEAR”), Company’s direct subsidiary, has entered into a share subscription agreement with Westgold, a company engaged in gold mining and listed on the Australian Stock Exchange.

Loan facility from PT Bank Mega Tbk to PT Manggala Alam Lestari

On November 16, 2017, PT Manggala Alam Lestari, Company’s indiriect subsidiary, signed loan facility agreement with PT Bank Mega Tbk.