ANNOUNCEMENT OF THE MINUTES SUMMARY OF ANNUAL MEETING OF SHAREHOLDERS FOR 2016 PT BUKIT ASAM Tbk

ANNOUNCEMENT OF THE MINUTES SUMMARY OF ANNUAL MEETING OF SHAREHOLDERS FOR 2016 PT BUKIT ASAM Tbk

ANNOUNCEMENT OF THE MINUTES SUMMARY OF ANNUAL GENERAL MEETING OF SHAREHOLDERS FOR FISCAL YEAR 2016 PT BUKIT ASAM (PERSERO) Tbk

Board of Directors of PT Bukit Asam (Persero) Tbk (hereinafter referred to as the “Company”) hereby announces that the Company has convened Annual General Meeting of Shareholders for Fiscal Year 2016 (hereinafter referred to as “AGM/Meeting”) at April 20th 2017 - 10.58 WIB at Grand Ballroom – Grand Hyatt Jakarta, In order to comply with Article 33 of Financial Services Authority Regulation No. 32/POJK.04/2014 on the Planning and Conducting of the General Meetings of Shareholders of Public Company (hereinafter referred to as “POJK No. 32/2014”).

The Meeting was attended by all member of the Board of Commissioners and Directors of Company, as follow:

Board of Commissioners

Board of Directors

President Commissioner/ Independent

Agus Suhartono

President Director

Arviyan Arifin

Commissioner

Robert Heri

Director of Finance

Achmad Sudarto

Commissioner

Muhammad Said Didu

Director of Operation/Production

Joko Pramono

Commissioner

Leonard

Director of Business Development

Suryo Eko Hadianto

Independent Commissioner

S. Koesnaryo

Commercial Director

Arie Prabowo Ariotedjo

Commissioner

Purnomo Sinar Hadi

Director of Human Resources and General

Anung Dri Prasetya

The Meeting was attended by Company’s Shareholders who represent a number of 1.744.236.407 (one billion seven hundred forty four million two hundred thirty six thousand four hundred and seven) Shares or in the amount of 82,74 % (eighty two and seven four percent) of total Shares which are the whole shares issued by Company and fully paid to the Company, After deducting of the shares buyback by the company, amounting to 196,056,700 (one hundred ninety six million fifty six thousand seven hundred) Shares.

Meeting’s Code of Conducts:

The Chairman of the Meeting was Agus Suhartono as President Commissioner who appointed by the Meeting of Board of Commissioner in accordance with POJK No. 32/2014. In each Session of Meeting’s Agenda, the Company’s Shareholders were given the opportunity to ask any question related to Meeting’s Agenda which currently being discussed. The resolution was taken by oral, raising hands and giving the Shareholders’ voting card in the option of abstain, affirmatives and disapproving.

Meeting Resolutions are as follows:

First Agenda

Approval of the Annual Report of Board of Directors concerning the condition and operation of the Company during the Fiscal Year 2016 including the Report of the Implementation of Supervisory Tasks of Board of Commissioners during the Fiscal Year 2016 and Ratification of the Company’s Financial Statement during Fiscal Year 2016 along with Fully Released and Discharged (volledig acquit at de charge) to Board of Directors and Board of Commissioners of the Company for management and supervision already performed during the Fiscal Year 2016.

Number of Shareholders who Ask Questions

1 (one) Shareholders

The result of the decision making

Affirmative Votes

Abstain Votes

Disapproving Votes

1.742.426.307 Shares or 99,90% of the votes Right in the Meeting.

1.810.100 Shares or 0,10 % of the votes Right in the Meeting.

0 Shares or 0,00% of the votes Right in the Meeting.

Resolutions

Approving the Annual Report concerning the condition and operation of the Company during Fiscal Year 2016 including the Report of Task Implementation of Board of Commissioners during Fiscal Year 2016.

Ratifying the Company’s Financial Statement of Fiscal Year 2016 which has been audited by the Public Accountant Office, Purwantono, Sungkoro & Surja (Ernrst &Young) in accordance with its report Number RPC-3144/PSS/2017 dated March 7th 2017 with the opinion, “Reasonable, in any material things, the consolidated financial position of PT Bukit Asam (Persero) Tbk and its subsidiary on December 31st 2016, financial performance and cash flow for the year which ends on the date”, and Fully Released and Discharge (volledig acquit at de charge) to Board of Directors and Board of Commissioners of the Company for management and supervision already performed during the Fiscal Year 2016, as long as it is not criminal act and breaches the prevailing regulations and legal procedures and registered in the Company’s Financial Statement and not in conflict with the prevailing laws.

Second Agenda

Ratification of Annual Report including the Financial Statement of Partnership and Environmental Development Programs of Fiscal Year 2016, along with Released and Discharged (acquit at de charge) to Board of Directors and Board of Commissioners of the Company for the management and supervision of Partnership and Environmental Development Programs already performed during the Fiscal Year 2016

Number of Shareholders who Ask Questions

No shareholder asked any question.

The result of the decision making

Affirmative Votes

Abstain Votes

Disapproving Votes

1.742.426.307 Shares or 99,90 % of the votes Right in the Meeting

1.810.100 Shares or 0,10% of the votes Right in the Meeting

0 Shares or 0,00% of the votes Right in the Meeting

Resolution

Ratifying the Annual Report of Partnership and Environmental Development Programs of Fiscal Year 2016 which ended on December 31st 2016 and which was developed based upon the Financial Statement of Partnership and Environmental Development Programs which was audited by the Public Accountant Office, Purwantono, Sungkoro & Surja (Ernrst &Young) pursuant to its report Number Nomor RPC-3532/PSS/2017 dated March 10th 2017 with the opinion ”reasonable, in any material things, the financial position of the Partnership and Environmental Development Unit Programs of PT Bukit Asam (Persero) Tbk, on December 31st 2016, and the activities and cash flow for the year which ended on December 31st 2016, pursuant to SAK-ETAP,” and Fully Released and Discharge (volledig acquit at de charge) to Board of Directors and Board of Commissioners for the management and supervision of the Partnership and Environmental Development Programs already performed during Fiscal Year 2016, as long as it is not criminal act or breaches the prevailing regulations and legal procedures and registered in the Annual Report of the Company’s Partnership and Environmental Development Programs and not in conflict with the prevailing laws.

Third Agenda

Determination the use of net profits, including the distribution of dividends for Fiscal Year 2016. Number of Shareholders who Ask Questions

No shareholder asked any question.

The result of the decision making

Affirmative Votes

Abstain Votes

Affirmative Votes

1.743.513.007 Shares or 99,96% of votes Right in the Meeting

0 Shares or 0,00 % of the votes Right in the Meeting

723.400 Shares or 0.04% of votes Right in the Meeting

Resolutions

Approving the Use of Net Proceeds of Fiscal Year 2016 in amount of Rp.2.006.188.115.091,- (two trillion six billion one hundred eighty eight million one hundred fifteen thousand ninety one rupiah), as follows: Dividend in amount of 30% or in total aggregate of Rp. 601.856.434.527,- (six hundred one billion eight hundred fifty six million four hundred thirty four hundred thousand five hundred twenty seven Rupiah) which will be distributed to Shareholders in the amount of Rp. 285,50 (two hundred eighty five Rupiah) per Share. In regard of Indonesian State’s stock ownership in the amount of 1.498.087.500 shares or equivalent to 65,02%, hence the Cash Dividend’s portions of Indonesian State shall be Rp. 427.704.677.113,- (Four hundred twenty seven billion seven hundred four million six hundred seventy seven thousand one hundred thirteen Rupiah) and the Cash Dividend’s portions of public shall be Rp. 174.151.757.415,- (One hundred seventy four billion one hundred fifty four million seven hundred fifty seven thousand four hundred fifteen Rupiah)

the remaining amount of 70% or in amount of Rp.1.404.331.680.564,- recorded as retained earning. .

Providing authority and power to Board of Directors with substitution right to determine the schedule and procedures of dividend distribution of Fiscal Year 2016 in accordance with the prevailing laws.