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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.

On the same date, the Company provides loan facility to PT DSSP Power Sumsel, Company’s indirect subsidiary with ownership of more than 99%, with limit up to USD 22,000,000, for 5-year period and interest 7% p.a.

The purpose of the loan facilities is to support working capital needs of the Company’s subsidiaries.