Decisions of AGM and EGM Friday, 25 April 2014

25 April 2014

It is hereby announced to the Shareholders of the Company that based on the Decisions of the Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) held on Friday, April 25, 2014 in PT Total Bangun Persada Tbk building, 8th Floor, Jl. Letjen. S. Parman No. 106 A, Jakarta 11440, the meeting has approved and decided upon:

A. Decisions of the Annual General Meeting

1. Approving the Report of the Board of Commissioners and Directors concerning the Company’s management for the year ended December 31, 2013, and granting full acquittal and dismissal (acquit et de charge) to the Directors of the Company for their management activities for the year ended December 31, 2013, provided that such management has been stated in the Company’s Annual Report.
2. Concluding the utilization of the Company’s net income for the year ended December 31, 2013, comprising:
   1. An amount of Rp10.000.000.000 (ten billion Rupiah) is made as an allowance for “appropriation for reserve fund” to meet the requirements stipulated in Article 70 of Law No. 40 year 2007 on Limited Liability Company.
   2. An amount of Rp119.350.000.000 (one hundred nineteen billion three hundred fifty million rupiah) or approximately 61.43% (sixty one point forty three percent) of total comprehensive income for the year attributable to the owner of the parent for fiscal year ended December 31, 2013 is declared as cash
      dividend. Thus, each share of PT Total Bangun Persada Tbk will receive cash dividend payment of Rp35- per share of which payment will be made in accordance with the prevailing rules and regulations in the capital market, comprising:
      1. The dividend payment will be made on Thursday, June 6, 2014. Dividend will be paid to the shareholders listed in the list of Shareholders of the Company per May 22, 2014 at 16.00 WIB.
      2. Cum dividend at the regular market and at the negotiated market is as of Monday, May 19 2014, which shall mean that the ex dividend in the regular market and negotiated market starts on Tuesday, May 20, 2012.
      3. In the cash market, cum dividend is as of Thursday, May 22, 2014 while the ex dividend starts on Friday, May 23, 2014 in the cash market.
      4. The remaining balance to be recorded as retained earnings.
3. Delegating the authority to appoint a public accounting firm to audit the Company’s financial statements for the year ended December 31, 2014, and granting the authority to the Company’s Director to determine the auditor’s fees by taking into account the Audit Committee’s considerations.
4. Delegate authority held by AGM to the President Commissioner of PT Total Bangun Persada Tbk, to settle salary amounts and other allowance for the Board of Directors and honorarium for the Board of Commissioners of the Company, by taking into account the opinion and recommendations from the Nomination and Remuneration Committee.

B. Resolution of Extraordinary General Meeting of Shareholders

Changes in the composition of the Company’s management is determined as follows:

1. Appointing Mr. Teddy Budjamin as the Company’s Director to hold position for 4-year tenure.
2. Reappointing all acting Commissioners and Directors of the Company for 4-year tenure.
   Therefore, the composition of the Board of Directors and the Board of Commissioners effective until April 25, 2018 is as follows:
   President Director: Janti Komadjaja
   Director: Handoyo Rusli, Akam Wiranjaya, Moeljati Soetrisno, Dedet Syafinal, Lio Sudarto, Saleh, Teddy Budjamin
   President Commissioner & Independent Commissioner of the Company: Reyno Stephanus Adhiputranto
   Commissioner: Pinarto Sutanto, Liliana Komajaya, Wibowo, Rudi Suryajaya Komajaya
   Independent Commissioner: Mustofa

SCHEDULE FOR THE DISTRIBUTION OF CASH DIVIDENDS

Schedule for the distribution of cash dividends:

1. Cum Dividends in the regular and negotiated markets : May 19, 2014
2. Ex Dividends in the regular and negotiated markets : May 20, 2014
3. Cum Dividends for trading in the cash market : May 22, 2014
4. Ex Dividends for trading in the cash market : May 23, 2014
5. Recording Date yang berhak atas Dividen : May 22, 2014
6. Payment of Dividend : June 6, 2014

Jakarta, 25 April 2014
PT Total Bangun Persada Tbk