ANNUAL GENERAL MEETING OF SHAREHOLDERS PT BUKIT ASAM (PERSERO) Tbk

ANNUAL GENERAL MEETING OF SHAREHOLDERS PT BUKIT ASAM (PERSERO) Tbk

The Board of Director of PT Bukit Asam (Persero) Tbk having its domicile in Tanjung Enim, South Sumatera (“Company”) hereby invites the Company’s Shareholders to attend the Annual General Meeting of Shareholders (the ”Meeting”), which will be held on :

Day/Date : Thursday, 20 April 2017

Time : 10.00 a.m. (Western Indonesian Time)

Venue : Grand Ballroom – Grand Hyatt Jakarta

             Jalan M. H. Thamrin Kav. 28 – 30 Jakarta 10350

With the following meeting agenda :

Approval of the Company’s Annual Report on the condition and activities during the Financial Year of 2016, including the Annual supervisory Report of the Board of Commissioners during the Financial year of 2016 and Ratification of the Audited Financial Statements of the Company for the financial year of 2016, as well as the approval to fully release and discharge (Volledig acquit et de charge) the Statement of Accountability of the Board of Director and the Board of Commissioner during the financial year 2016; Ratification of the Annual Report including Financial Report of the Partnership and Community Development Programs during the Financial Year of 2016, as well as the approval to release and discharge (acquit et de charge) the Statement of Accountability of Partnership and Community Development Programs by Board of Director and The Board of Commissioner during the financial year 2016; Appropriation of Net Profits, including dividend distribution for the financial year 2016; Stipulation of the incentives for the performance of the Board of Directors and the Board of Commisioner for the Financial Year of 2016 and their respective salaries/honorarium including facilities and allowances for the Financial Year of 2017;

Approval for the appointment of Public Accountant Office to audit the Financial Statements for the Financial Year of 2017 and the Financial Statements of the Partnership and Community Development Programs for the Financial Year of 2017;

Confirmation on the enactment of Regulation of Minister of State-Owned Enterprises No. PER-03/MBU/12/2016 on Amendment to Regulation of Minister of State-Owned Enterprises No. PER-09/MBU/07/2015 regarding Partnership Program and Community Development Program of State-Owned Enterprises;

Approval on the amendment to the articles of association of the company;

Change in the Company’s management.

With the following rationales :

Agenda No.1 to 5 are routine matters to be resolved at the Annual General meeting of Shareholders of the Company. Pursuant to the provisions of the Articles of Association of the Company, Law No.40 of 2007 on Limited Liability Company, Law No.19 of 2003 on State Owned Enterprises, and the Minister of State Owned Enterprises Regulation No. PER-09/MBU/07/2015 on the Program of Partnerships and Enviromental Management Programs; The underlying rationale for agenda No. 6 is article 2 paragraph (2) of the Ministry of SOE Regulation No. PER-09/MBU/07/2015; The underlying rationale for agenda No. 7 is article 16 and article 26 of the Articles of Association of the Company and Letter of the Ministry of State-Owned Enterprises No. S-19/D3.MBU/03/2017 dated 7 March 2017 regarding Proposal for Additional Agenda for Annual General Meeting of Shareholders of PTBA; For agenda No.7, the change in the Company’s management will be carried out in accordance with the provisions of the Articles of Association and Letter of the Ministry of State-Owned Enterprises No. S-12/D3.MBU/02/2017 dated 9 February 2017 regarding Annual General Meeting of Shareholders of PTBA. Remarks :

This publicity as an official invitation and the Board of Director does not send a special invitation to the Shareholders. Shareholders whose shares are included in the collective custodian of PT Indonesian Central Securities Depository (KSEI), must provide written confirmations for General Meeting of Securities Holders (KTUR) which would have been distributing through KSEI. Shareholders could have taking KTUR Securities Company or custodian bank where the shareholders opened their securities account. Shareholders who are attending the meeting are the shareholders whose names are registered in the Register of Shareholders on 27 March 2017 or the holder balance of the Company's shares on the sub-accounts in collective custody in PT Indonesian Central Securities Depository (KSEI) of closing stock trading in the Indonesia Stock Exchange on 27 March 2017. Shareholders who are unable to attend the meeting could be represented by their proxies in the Meeting by presenting the Power of Attorney provided that the members of Board of Commissioner, Board of Director and Employees were not act as proxies of the Shareholders in the Meeting. All of the power attorney must be accepted by Company’s Board of Director through The Company’s share register (“BAE”) namely PT DATINDO ENTRYCOM, which address in, Jalan Hayam Wuruk No. 28, Jakarta 10120. latest on 18 April 2017. Shareholders or their proxies who are attending the Meeting will be requested to provide and submit a copy of valid Identification evidence to the registration personnel prior to entering the Meeting Venue and Legal entity shareholders must provide copies of their articles of association and lists of their current members of the management boards along with the appropriate approvals by Minister of Law and Human Right of Indonesia or its authorized institutions. The materials meeting has been provided on 29 March 2017 until 20 April 2017 every working day at the PT Bukit Asam (Persero), Tbk Jakarta Representatives Office, Menara Kadin Indonesia 15th floor, Jalan HR Rasuna Said Blok X-5 Kav. 2-3, Jakarta 12950, Tel. (021) 525 4014, fax. (021) 525 4002. For simplification of the arrangement and order to the Meeting, Shareholders or their proxies with due respect are requested to be present at the venue of the Meeting at least 30 (thirty) minutes before the Meeting. Jakarta, 29 March 2017

PT Bukit Asam (Persero) Tbk

Board of Director