DSSA Sinarmas lini bisnis Penyediaan Tenaga Listrik

Subsidiary restructuring

Based on Deed of Shareholders Resolutions No. 6 dated December 6, 2016, made before notary Lanawaty Darmadi, S.H., M.M., M.Kn., PT DSSP Power Sentosa, Company’s subsidiary with effective ownership more than 99%, has increased its authorized capital from Rp. 1,000,000,000 consisting of 1,000 shares to Rp. 40,000,000,000 consisting of 40,000 shares. PT DSSP Power Sentosa has also increased its issued and paid up capital from Rp. 250,000,000 consisting of 250 shares to Rp. 10,550,000,000 consisting of 10,550 shares, with the issuance of 10,300 new shares. The new shares of PT DSSP Power Sentosa were subscribed by PT DSSE Energi Mas Utama (4,900 shares), Alpha Prime Services Pte. Ltd. (1,600 shares), Shining Energy Pte. Ltd. (1,800 shares), and Golden Prime Power Pte. Ltd. (2,000 shares), and all of them are subsidiaries of the Company with effective ownership more than 99%. At the same time, PT DSSP Power Mas Utama, Company’s subsidiary with effective ownership more than 99%, transferred 249 shares owned in PT DSSP Power Sentosa to PT DSSE Energi Mas Utama. Shareholdering structure of PT DSSP Power Sentosa after the above-mentioned changes consists of PT DSSE Energi Mas Utama as the owner of 5,150 shares with nominal value of Rp. 5,150,000,000, Alpha Prime Services Pte. Ltd. as the owner of 1,600 shares with nominal value of Rp. 1,600,000,000, Shining Energy Pte. Ltd. as the owner of 1,800 shares with nominal value of Rp. 1,800,000,000, and Golden Prime Power Pte. Ltd. as the owner of 2,000 shares with nominal value of Rp. 2,000,000,000.